ACTIVE

H.E.R.V.

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Financial year 2025 · closed on 31/12/2025

Net result

156,5 k €

+282.0% YoY

Gross margin

57,7 k €

-57.1% YoY

Equity

41,8 k €

+136.4% YoY

Workforce

0,5 ETP

-83.9% YoY

What does H.E.R.V. do?

H.E.R.V. is a Public limited company incorporated in 2004. Its registered office is in Mortsel. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.617.686

Incorporation

05/10/2004

Legal form

Public limited company

Registered office

Ridder van Ranstlei 3 box 8
2640 Mortsel · FlandreSee on map

Contributed capital

74 340,00 €

Latest accounts

31/12/2025

Average workforce

0,5 ETP

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	57,7 k €	-57.1%	134,5 k €	-25.2%	179,9 k €	-15.8%	213,6 k €	-13.5%	247 k €	-11.1%	278 k €	+4.9%	265 k €	-12.2%	301,7 k €	+53.1%	197,1 k €	-13.5%	227,8 k €	+23.7%	184,2 k €	-29.8%	262,6 k €	+66.0%	158,2 k €	-9.7%	175,2 k €	-35.6%	272 k €	+25.6%	216,5 k €	-2.0%	220,8 k €	+39.2%	158,6 k €	+2.3%	155 k €	+5.1%	147,4 k €
EBITDA	28,4 k €	+176%	-37,1 k €	+36.8%	-58,8 k €	-1139%	5,7 k €	-91.8%	68,7 k €	-39.1%	112,7 k €	+103%	55,5 k €	-39.9%	92,2 k €	+5.4%	87,5 k €	-19.8%	109 k €	+233%	32,8 k €	-64.5%	92,4 k €	+438%	-27,3 k €	-735%	4,3 k €	-95.2%	89,4 k €	+115%	41,6 k €	+21.1%	34,3 k €	-33.8%	51,8 k €	-30.0%	74 k €	+9.1%	67,9 k €
Operating result	28,4 k €	+134%	-82,3 k €	+22.1%	-105,6 k €	-151%	-42 k €	-323%	18,9 k €	-69.3%	61,4 k €	+13754%	-449,4 €	-101%	72,3 k €	+13.2%	63,9 k €	-22.4%	82,3 k €	+1130%	6,7 k €	-86.8%	50,6 k €	+165%	-77,6 k €	-99.7%	-38,9 k €	-171%	54,9 k €	+721%	6,7 k €	+139%	-17,2 k €	-1513%	-1,1 k €	-105%	21,4 k €	+40.6%	15,2 k €
Net result	156,5 k €	+282%	-86 k €	+25.2%	-115 k €	-95.0%	-59 k €	-708%	9,7 k €	-83.3%	58,2 k €	+546%	-13 k €	-132%	41 k €	-31.9%	60,2 k €	-15.9%	71,6 k €	+1848%	3,7 k €	-92.1%	46,3 k €	+191%	-51,1 k €	-28.6%	-39,7 k €	-223%	32,2 k €	+718%	-5,2 k €	+81.6%	-28,4 k €	-115%	-13,2 k €	-639%	2,4 k €	-75.8%	10,1 k €
Balance sheet
Equity	41,8 k €	+136%	-114,7 k €	-876%	14,8 k €	-88.6%	129,8 k €	-31.2%	188,8 k €	+5.4%	179,1 k €	+48.1%	120,9 k €	-9.7%	133,9 k €	+0.8%	132,9 k €	+1.7%	130,7 k €	+230%	39,6 k €	+10.2%	35,9 k €	+444%	-10,4 k €	-126%	40,6 k €	+22.8%	33,1 k €	+3479%	924,7 €	-84.9%	6,1 k €	-82.2%	34,5 k €	-27.6%	47,7 k €	+5.4%	45,2 k €
Total assets	50,8 k €	-84.5%	327,3 k €	-33.6%	492,9 k €	-7.3%	532 k €	-14.4%	621,3 k €	-10.8%	696,7 k €	-5.0%	733,6 k €	+76.6%	415,3 k €	-8.2%	452,3 k €	+3.1%	438,8 k €	+30.7%	335,9 k €	+13.5%	295,9 k €	-17.8%	359,8 k €	-6.6%	385,3 k €	-9.7%	426,7 k €	-2.0%	435,5 k €	-27.3%	599,3 k €	+31.9%	454,4 k €	-9.8%	503,7 k €	+1.1%	498,3 k €
Cash	25 k €	-9.4%	27,6 k €	-41.7%	47,4 k €	+36.0%	34,8 k €	-63.8%	96,3 k €	-19.3%	119,4 k €	+64.1%	72,7 k €	-48.0%	139,8 k €	-4.4%	146,2 k €	+32.8%	110,1 k €	+351%	24,4 k €	+9.6%	22,3 k €	+125%	9,9 k €	-84.4%	63,4 k €	+21.7%	52,1 k €	-9.1%	57,3 k €	-52.0%	119,6 k €	+27.3%	94 k €	+5.8%	88,8 k €	+28.3%	69,2 k €
Debts	9,1 k €	-97.9%	442 k €	-7.5%	478,1 k €	+18.9%	402,2 k €	-7.0%	432,5 k €	-16.4%	517,6 k €	-15.5%	612,7 k €	+118%	281,3 k €	-11.9%	319,4 k €	+3.7%	308,1 k €	+4.0%	296,3 k €	+14.0%	260 k €	-29.8%	370,3 k €	+7.4%	344,6 k €	-10.7%	385,8 k €	-10.9%	433,2 k €	-27.0%	593,2 k €	+46.4%	405,3 k €	-9.9%	449,7 k €	+0.7%	446,7 k €
Other
Workforce	0,5 ETP	-83.9%	3,1 ETP	-31.1%	4,5 ETP	+9.8%	4,1 ETP	+41.4%	2,9 ETP	-12.1%	3,3 ETP	-13.2%	3,8 ETP	-25.5%	5,1 ETP	+34.2%	3,8 ETP	+2.7%	3,7 ETP	-22.9%	4,8 ETP	-12.7%	5,5 ETP	0.0%	5,5 ETP	+1.9%	5,4 ETP	-10.0%	6,0 ETP	-18.9%	7,4 ETP	+5.7%	7,0 ETP	+70.7%	4,1 ETP	+10.8%	3,7 ETP	+5.7%	3,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

EHMC - EDWIN HEYLEN MANAGEMENT & CONSULTANCY

Director · since 03 mai 2022 · until 03 mai 2028 · 0474.560.226

Represented by Edwin HEYLEN

Active

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Managing director · since 03 mai 2022 · until 03 mai 2028 · 0474.560.325

Represented by Ronny VERSCHUEREN

Active

Ended mandates

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Managing director · since 12 décembre 2019 · until 03 mai 2022 · 0474.560.325

Represented by Ronny VERSCHUEREN

Ended

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Director · since 03 octobre 2016 · until 03 mai 2022 · 0474.560.325

Represented by Ronny VERSCHUEREN

Ended

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Director · since 03 octobre 2016 · until 03 mai 2022 · 0474.560.325

Represented by Ronny VERSCHUEREN

Ended

Edwin HEYLEN

Managing director · since 03 mai 2016 · until 12 décembre 2019

Ended

At this address

Other companies at this address

Company	CBE no.
DSC● Active	0889.450.012
IONIA● Active	0860.381.882
RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY● Active	0474.560.325
Studio Cops● Active	0782.877.397
VQV REAL ESTATE● Active	0750.631.728

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/07/2026	25/08/2025	22/08/2024	31/08/2023	26/08/2022	16/06/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/05/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	25/08/2025	Dutch	PDF
Abridged model	31/12/2023	07/05/2024	22/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/05/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/05/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/05/2020	09/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/05/2019	09/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	06/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/05/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/05/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	13/11/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 19 ended

Active mandates

EHMC - EDWIN HEYLEN MANAGEMENT & CONSULTANCY

Director · since 03 mai 2022 · until 03 mai 2028 · 0474.560.226

Represented by Edwin HEYLEN

Active

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Managing director · since 03 mai 2022 · until 03 mai 2028 · 0474.560.325

Represented by Ronny VERSCHUEREN

Active

Ended mandates

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Managing director · since 12 décembre 2019 · until 03 mai 2022 · 0474.560.325

Represented by Ronny VERSCHUEREN

Ended

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Director · since 03 octobre 2016 · until 03 mai 2022 · 0474.560.325

Represented by Ronny VERSCHUEREN

Ended

RVMC - RONNY VERSCHUEREN MANAGEMENT & CONSULTANCY

Director · since 03 octobre 2016 · until 03 mai 2022 · 0474.560.325

Represented by Ronny VERSCHUEREN

Ended

Edwin HEYLEN

Managing director · since 03 mai 2016 · until 12 décembre 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates25/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2006
ONTSLAGEN - BENOEMINGEN
PDF
Other13/10/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025156,5 k €↑
2024
Annual accounts 2024-86 k €↑
2023
Annual accounts 2023-115 k €↓
2022
Annual accounts 2022-59 k €↓
2021
Annual accounts 20219,7 k €↓
2020
Annual accounts 202058,2 k €↑
2019
Annual accounts 2019-13 k €↓
2018
Annual accounts 201841 k €↓
2017
Annual accounts 201760,2 k €↓
2016
Annual accounts 201671,6 k €↑
2015
Annual accounts 20153,7 k €↓
2014
Annual accounts 201446,3 k €↑
2013
Annual accounts 2013-51,1 k €↓
2012
Annual accounts 2012-39,7 k €↓
2011
Annual accounts 201132,2 k €↑
2010
Annual accounts 2010-5,2 k €↑
2009
Annual accounts 2009-28,4 k €↓
2008
Annual accounts 2008-13,2 k €↓
2007
Annual accounts 20072,4 k €↓
2006
Annual accounts 200610,1 k €
05/10/2004
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

H.E.R.V.

Overview

What does H.E.R.V. do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline