ACTIVE

Hercon

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Financial year 2025 · closed on 31/12/2025

Net result

85,8 k €

+28.8% YoY

Gross margin

59 k €

-9.8% YoY

Equity

5,1 M €

+1.7% YoY

What does Hercon do?

Hercon is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.972.329

Incorporation

12/01/2006

Legal form

Private limited company

Registered office

Oudburgweg 15
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	59 k €	-9.8%	65,4 k €	-11.3%	73,8 k €	-77.9%	333,9 k €	-77.7%	1,5 M €	+381%	310,7 k €	-0.4%	312 k €	-0.4%	313,1 k €	-74.1%	1,2 M €	+592%	174,6 k €	+17.3%	148,9 k €	+0.8%	147,6 k €	-24.4%	195,3 k €	+3.5%	188,7 k €	+6.0%	178,1 k €	+57.1%	113,3 k €	+1.9%	111,2 k €	+20.7%	92,2 k €	-2.5%	94,6 k €	+80.7%	52,3 k €
EBITDA	57,8 k €	-9.8%	64,1 k €	-11.7%	72,5 k €	-78.2%	332,5 k €	-77.7%	1,5 M €	+382%	309,6 k €	-0.3%	310,6 k €	-0.5%	312,3 k €	-74.1%	1,2 M €	+597%	173 k €	+17.3%	147,5 k €	+0.9%	146,1 k €	-24.8%	194,3 k €	+3.5%	187,7 k €	+10.4%	169,9 k €	+50.8%	112,7 k €	+2.0%	110,5 k €	+20.2%	91,9 k €	-2.8%	94,6 k €	+80.7%	52,3 k €
Operating result	14,5 k €	-27.1%	20 k €	-32.0%	29,3 k €	-90.9%	322 k €	-78.1%	1,5 M €	+415%	286 k €	-0.2%	286,5 k €	+1.1%	283,5 k €	-75.9%	1,2 M €	+607%	166,3 k €	+30.5%	127,4 k €	+1.1%	126 k €	-29.7%	179,4 k €	+5.0%	170,8 k €	+10.7%	154,2 k €	+41.0%	109,4 k €	+2.1%	107,2 k €	+21.4%	88,3 k €	-5.2%	93,1 k €	+83.0%	50,9 k €
Net result	85,8 k €	+28.8%	66,6 k €	+103%	32,8 k €	-84.9%	216,6 k €	-86.3%	1,6 M €	+712%	195,3 k €	-2.2%	199,6 k €	+5.1%	189,9 k €	-91.8%	2,3 M €	+2216%	100,5 k €	+66.8%	60,3 k €	-29.9%	86 k €	-27.7%	118,9 k €	+6.9%	111,3 k €	+14.1%	97,6 k €	+21.5%	80,3 k €	+3.7%	77,4 k €	+20.9%	64 k €	-2.8%	65,8 k €	+81.9%	36,2 k €
Balance sheet
Equity	5,1 M €	+1.7%	5,1 M €	+1.3%	5 M €	+0.7%	5 M €	+4.6%	4,7 M €	+45.9%	3,2 M €	-1.8%	3,3 M €	+6.4%	3,1 M €	+6.5%	2,9 M €	+396%	588,7 k €	+20.6%	488,2 k €	+14.1%	427,9 k €	+25.2%	341,9 k €	+53.3%	223 k €	+99.7%	111,7 k €	+12.7%	99,1 k €	-61.7%	258,8 k €	+42.7%	181,4 k €	+54.6%	117,3 k €	+141%	48,6 k €
Total assets	5,3 M €	+1.7%	5,2 M €	+0.7%	5,1 M €	+0.5%	5,1 M €	-4.0%	5,3 M €	+47.3%	3,6 M €	+5.5%	3,4 M €	+0.3%	3,4 M €	+6.1%	3,2 M €	+372%	681,1 k €	+18.9%	572,8 k €	+13.4%	504,9 k €	+24.3%	406,2 k €	+48.5%	273,5 k €	+86.8%	146,4 k €	-27.6%	202,1 k €	-34.7%	309,3 k €	+40.1%	220,7 k €	+38.6%	159,2 k €	+106%	77,4 k €
Cash	122 k €	+49.5%	81,6 k €	-14.8%	95,7 k €	-94.7%	1,8 M €	-42.8%	3,2 M €	+52.3%	2,1 M €	+301%	521,8 k €	-30.0%	745,6 k €	+4.5%	713,8 k €	+126%	316 k €	+6772%	4,6 k €	-90.9%	50,3 k €	+2.8%	48,9 k €	+7.7%	45,4 k €	+65.9%	27,4 k €	+544%	4,3 k €	-95.6%	97,3 k €	-6.2%	103,8 k €	+82.7%	56,8 k €	+74.7%	32,5 k €
Debts	111,1 k €	+3.5%	107,3 k €	-21.3%	136,4 k €	-7.4%	147,3 k €	-74.3%	574 k €	+58.8%	361,4 k €	+220%	113 k €	-62.5%	301,1 k €	+2.5%	293,7 k €	+225%	90,4 k €	+9.4%	82,6 k €	+8.0%	76,5 k €	+19.0%	64,3 k €	+27.2%	50,5 k €	+45.4%	34,7 k €	-66.3%	103 k €	+104%	50,5 k €	+28.3%	39,4 k €	-6.0%	41,9 k €	+45.6%	28,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Mario Hertegonne

Bestuurder · since 12 janvier 2006

Active

Ended mandates

Mario Hertegonne

Director · since 10 mars 2022

Ended

Mario HERTEGONNE

Manager · since 12 janvier 2006

Ended

Mario Hertegonne

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/07/2025	31/07/2024	31/07/2023	04/07/2022	30/06/2021
General meeting	27/06/2026	28/06/2025	29/06/2024	24/06/2023	25/06/2022	15/05/2021
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
Micro model	31/12/2025	27/06/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	31/07/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	04/07/2022	Dutch	PDF
Micro model	31/12/2020	15/05/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	16/05/2020	03/07/2020	Dutch	PDF
Micro model	31/12/2018	18/05/2019	08/07/2019	Dutch	PDF
Micro model	31/12/2017	19/05/2018	29/05/2018	Dutch	PDF
Micro model	31/12/2016	20/05/2017	31/05/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	19/05/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	10/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	11/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	15/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 3 ended

Active mandates

Mario Hertegonne

Bestuurder · since 12 janvier 2006

Active

Ended mandates

Mario Hertegonne

Director · since 10 mars 2022

Ended

Mario HERTEGONNE

Manager · since 12 janvier 2006

Ended

Mario Hertegonne

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office04/05/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Other08/02/2006
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 202585,8 k €↑
2024
Annual accounts 202466,6 k €↑
2023
Annual accounts 202332,8 k €↓
2022
Annual accounts 2022216,6 k €↓
2021
Annual accounts 20211,6 M €↑
2020
Annual accounts 2020195,3 k €↓
2019
Annual accounts 2019199,6 k €↑
2018
Annual accounts 2018189,9 k €↓
2017
Annual accounts 20172,3 M €↑
2016
Annual accounts 2016100,5 k €↑
2015
Annual accounts 201560,3 k €↓
2014
Annual accounts 201486 k €↓
2013
Annual accounts 2013118,9 k €↑
2012
Annual accounts 2012111,3 k €↑
2011
Annual accounts 201197,6 k €↑
2010
Annual accounts 201080,3 k €↑
2009
Annual accounts 200977,4 k €↑
2008
Annual accounts 200864 k €↓
2007
Annual accounts 200765,8 k €↑
2006
Annual accounts 200636,2 k €
12/01/2006
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

Hercon

Overview

What does Hercon do?

Trend over 20 financial years

Indicative valuation

Board of directors

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