ACTIVE

HERCA

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Financial year 2025 · closed on 31/12/2025

Net result

38,4 k €

+6054.9% YoY

Gross margin

70,1 k €

+216.0% YoY

Equity

603,2 k €

+6.8% YoY

What does HERCA do?

HERCA is a Private limited company incorporated in 2005. Its main activity is: Buying and selling of own real estate. Its registered office is in Sint-Truiden.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.558.037

Incorporation

20/06/2005

Legal form

Private limited company

Registered office

Borgwormsesteenweg 40
3800 Sint-Truiden · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices 64200Activities of holding companies 64210Activities of holding companies 70200Management consultancy activities+3

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	70,1 k €	+216%	22,2 k €	-68.8%	71,1 k €	+42.8%	49,8 k €	+3.5%	48,1 k €	-9.4%	53 k €	-15.2%	62,6 k €	-1.0%	63,2 k €	+24.9%	50,6 k €	-13.6%	58,6 k €	-27.7%	81,1 k €	-3.3%	83,9 k €	+2.3%	82 k €	+11.6%	73,5 k €	-25.2%	98,3 k €	+4.0%	94,5 k €	+13.2%	83,5 k €	-29.1%	117,8 k €	-11.9%	133,8 k €	+18.7%	112,7 k €
EBITDA	69 k €	+231%	20,9 k €	-69.7%	68,9 k €	+41.8%	48,6 k €	+3.7%	46,9 k €	-10.6%	52,4 k €	-14.7%	61,4 k €	-0.3%	61,6 k €	+25.5%	49,1 k €	-8.3%	53,5 k €	-32.4%	79,2 k €	-3.7%	82,3 k €	+3.0%	79,8 k €	+11.0%	71,9 k €	-25.6%	96,7 k €	+4.1%	92,9 k €	+13.4%	81,9 k €	-28.0%	113,8 k €	-14.7%	133,5 k €	+18.7%	112,5 k €
Operating result	69 k €	+231%	20,9 k €	-69.7%	68,9 k €	+44.3%	47,7 k €	+6.3%	44,9 k €	-12.5%	51,3 k €	-16.5%	61,4 k €	-0.3%	61,6 k €	+25.5%	49,1 k €	-8.3%	53,5 k €	-32.4%	79,2 k €	-3.7%	82,3 k €	+3.0%	79,8 k €	+22.7%	65,1 k €	-26.5%	88,6 k €	+5.3%	84,1 k €	+15.1%	73,1 k €	-30.4%	105 k €	-20.2%	131,6 k €	+17.6%	111,9 k €
Net result	38,4 k €	+6055%	-644,4 €	-102%	38 k €	+78.3%	21,3 k €	+33.6%	16 k €	-23.4%	20,8 k €	-25.2%	27,9 k €	+1.4%	27,5 k €	+82.0%	15,1 k €	-15.1%	17,8 k €	-46.8%	33,4 k €	-5.1%	35,2 k €	+15.1%	30,6 k €	+70.2%	18 k €	-49.2%	35,4 k €	+13.5%	31,2 k €	+53.6%	20,3 k €	-48.7%	39,6 k €	-34.6%	60,5 k €	+11.1%	54,4 k €
Balance sheet
Equity	603,2 k €	+6.8%	564,8 k €	-0.1%	565,4 k €	+7.2%	527,4 k €	+4.2%	506 k €	+3.1%	490,9 k €	+4.3%	470,8 k €	+6.1%	443,8 k €	+6.6%	416,3 k €	+3.8%	401,2 k €	+4.6%	383,4 k €	+9.5%	350 k €	+11.2%	314,9 k €	+10.8%	284,3 k €	+6.7%	266,3 k €	+14.1%	233,4 k €	+14.0%	204,6 k €	+9.6%	186,8 k €	+24.8%	149,6 k €	+67.8%	89,1 k €
Total assets	1,3 M €	+4.1%	1,3 M €	+0.3%	1,3 M €	+5.0%	1,2 M €	+2.3%	1,2 M €	+2.6%	1,1 M €	+0.7%	1,1 M €	+0.4%	1,1 M €	-0.8%	1,1 M €	-0.7%	1,1 M €	-0.9%	1,2 M €	+5.4%	1,1 M €	+1.2%	1,1 M €	-1.2%	1,1 M €	+0.0%	1,1 M €	+2.3%	1,1 M €	+1.8%	1,1 M €	-1.5%	1,1 M €	+1.4%	1,1 M €	+0.1%	1,1 M €
Cash	3,1 k €	-36.8%	5 k €	+139%	2,1 k €	-68.2%	6,5 k €	+105%	3,2 k €	-59.3%	7,8 k €	-6.0%	8,3 k €	+175%	3 k €	+26.5%	2,4 k €	-82.5%	13,7 k €	+353%	3 k €	-48.0%	5,8 k €	+12.7%	5,2 k €	+39.5%	3,7 k €	-36.3%	5,8 k €	+222%	1,8 k €	+7.2%	1,7 k €	-15.7%	2 k €	-79.1%	9,6 k €	-14.8%	11,2 k €
Debts	711,3 k €	+2.0%	697,6 k €	+0.6%	693,4 k €	+4.2%	665,6 k €	+0.8%	660,2 k €	+2.1%	646,6 k €	-1.9%	659,1 k €	-3.3%	681,7 k €	-5.1%	718,4 k €	-3.1%	741,1 k €	-3.6%	769,1 k €	+2.9%	747,2 k €	-2.8%	768,8 k €	-5.5%	813,2 k €	-2.1%	830,6 k €	-0.9%	838,5 k €	-1.2%	848,6 k €	-3.8%	882 k €	-2.5%	904,5 k €	-6.2%	964,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

GWEN HERMANS

Director · since 16 juin 2005

Active

Ended mandates

Gwen Hermans

Director

Ended

GWEN HERMANS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
APOTHEEK HOUBEN- HERMANS● Active	0432.882.492

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	31/07/2026	25/07/2025	29/08/2024	24/08/2023	23/09/2022	26/08/2021
General meeting	23/05/2026	24/05/2025	25/05/2024	27/05/2023	28/05/2022	22/05/2021
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	23/05/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	24/05/2025	25/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	24/08/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	23/09/2022	Dutch	PDF
Abridged model	31/12/2020	22/05/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	06/10/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	16/07/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	23/05/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	24/05/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	05/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	23/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	22/05/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	19/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 active · 2 ended

Active mandates

GWEN HERMANS

Director · since 16 juin 2005

Active

Ended mandates

Gwen Hermans

Director

Ended

GWEN HERMANS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other28/06/2005
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 202538,4 k €↑
2024
Annual accounts 2024-644,4 €↓
2023
Annual accounts 202338 k €↑
2022
Annual accounts 202221,3 k €↑
2021
Annual accounts 202116 k €↓
2020
Annual accounts 202020,8 k €↓
2019
Annual accounts 201927,9 k €↑
2018
Annual accounts 201827,5 k €↑
2017
Annual accounts 201715,1 k €↓
2016
Annual accounts 201617,8 k €↓
2015
Annual accounts 201533,4 k €↓
2014
Annual accounts 201435,2 k €↑
2013
Annual accounts 201330,6 k €↑
2012
Annual accounts 201218 k €↓
2011
Annual accounts 201135,4 k €↑
2010
Annual accounts 201031,2 k €↑
2009
Annual accounts 200920,3 k €↓
2008
Annual accounts 200839,6 k €↓
2007
Annual accounts 200760,5 k €↑
2006
Annual accounts 200654,4 k €
20/06/2005
IncorporationPrivate 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

HERCA

Overview

What does HERCA 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