ACTIVE

HERNO

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Financial year 2025 · closed on 31/12/2025

Net result

-3,2 k €

-100.6% YoY

Gross margin

911,7 k €

+7.4% YoY

Equity

742,0 k €

-0.4% YoY

Workforce

0,0 ETP

What does HERNO do?

HERNO is a Public limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Halle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.749.641

Incorporation

07/03/2007

Legal form

Public limited company

Registered office

Kesterbeekbos 19 box b
1501 Halle · FlandreSee on map

Contributed capital

762 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices 70200Management consultancy activities 70220Business and other management consultancy activities+4

Joint committees (3)

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	911,7 k €	+7.4%	848,7 k €	+651%	113,1 k €	+35.6%	83,4 k €	-78.9%	394,4 k €	+474%	68,8 k €	-83.0%	404,3 k €	+6.2%	380,6 k €	-21.8%	486,4 k €	+35.5%	359,0 k €	+8.0%	332,4 k €	-28.4%	464,0 k €	+23.0%	377,1 k €	+8.2%	348,6 k €	+28.6%	271,1 k €	-39.9%	451,3 k €	+231%	136,2 k €	+2369%	-6,0 k €
EBITDA	902,4 k €	+7.4%	840,5 k €	+2616%	31,0 k €	+297%	7,8 k €	-97.3%	291,5 k €	+2828%	10,0 k €	-95.5%	221,7 k €	+9.5%	202,4 k €	-35.3%	312,8 k €	+69.0%	185,1 k €	-3.3%	191,4 k €	-12.2%	217,9 k €	-0.4%	218,7 k €	-7.3%	235,9 k €	+38.9%	169,9 k €	-38.5%	276,0 k €	+491%	46,7 k €	+648%	-8,5 k €
Operating result	830,6 k €	+25.1%	663,8 k €	+544%	-149,5 k €	-44.5%	-103,5 k €	-177%	133,9 k €	+238%	-97,1 k €	-185%	114,3 k €	+21.8%	93,9 k €	+63.2%	57,5 k €	-28.5%	80,5 k €	-11.3%	90,8 k €	-7.5%	98,2 k €	-3.5%	101,7 k €	-15.2%	120,0 k €	+107%	58,1 k €	-67.4%	178,3 k €	+2170%	7,9 k €	+134%	-23,4 k €
Net result	-3,2 k €	-101%	495,5 k €	+269%	-292,7 k €	-56.0%	-187,7 k €	-389%	64,9 k €	+163%	-102,4 k €	-13554%	761,1 €	-80.1%	3,8 k €	+133%	-11,5 k €	-206%	10,8 k €	+535%	-2,5 k €	-172%	3,5 k €	+316%	-1,6 k €	-106%	24,7 k €	+173%	-34,0 k €	-150%	68,3 k €	+313%	-32,1 k €	-30.3%	-24,6 k €
Balance sheet
Equity	742,0 k €	-0.4%	745,1 k €	+199%	249,6 k €	-54.0%	542,4 k €	-25.7%	730,0 k €	+9.8%	665,2 k €	-13.3%	767,6 k €	+0.1%	766,8 k €	+1118%	63,0 k €	-15.5%	74,5 k €	+17.0%	63,7 k €	-3.8%	66,2 k €	+5.5%	62,7 k €	-2.5%	64,3 k €	+62.5%	39,6 k €	-46.2%	73,5 k €	+1298%	5,3 k €	-85.9%	37,4 k €
Total assets	3,9 M €	-24.4%	5,1 M €	-8.6%	5,6 M €	+13.3%	5,0 M €	+20.2%	4,1 M €	-0.1%	4,1 M €	-5.7%	4,4 M €	-4.5%	4,6 M €	-2.0%	4,7 M €	+209%	1,5 M €	+2.1%	1,5 M €	-12.2%	1,7 M €	-7.1%	1,8 M €	-0.3%	1,8 M €	-2.1%	1,9 M €	-2.4%	1,9 M €	-2.6%	2,0 M €	+221%	609,3 k €
Cash	2,6 k €	-68.6%	8,1 k €	+13001%	62,2 €	-99.5%	12,7 k €	+54.5%	8,2 k €	+14.8%	7,2 k €	+21.7%	5,9 k €	-61.7%	15,4 k €	-63.1%	41,6 k €	+2086%	1,9 k €	-97.0%	62,8 k €	+1858%	3,2 k €	-36.5%	5,0 k €	-63.7%	13,9 k €	+311%	3,4 k €	-76.7%	14,6 k €	-67.3%	44,5 k €	+65.3%	26,9 k €
Debts	3,1 M €	-28.5%	4,4 M €	-17.8%	5,3 M €	+21.4%	4,4 M €	+29.5%	3,4 M €	-2.0%	3,5 M €	-4.1%	3,6 M €	-5.1%	3,8 M €	-17.3%	4,6 M €	+222%	1,4 M €	+1.2%	1,4 M €	-12.2%	1,6 M €	-7.2%	1,7 M €	-0.2%	1,7 M €	-4.7%	1,8 M €	-0.8%	1,8 M €	-6.1%	1,9 M €	+241%	571,9 k €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-47.4%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+17.6%	1,7 ETP	-39.3%	2,8 ETP	+33.3%	2,1 ETP	+40.0%	1,5 ETP	-16.7%	1,8 ETP	-21.7%	2,3 ETP	+53.3%	1,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

Wim Hernaut

Director · since 02 juin 2021 · until 30 juin 2027

Active

Ended mandates

Danny Van den Broeck

Director · since 13 octobre 2020 · until 02 juin 2021

Ended

Danny Van den Broeck

Director · since 13 octobre 2020

Ended

Patricia Alen

Director · since 14 avril 2017 · until 13 octobre 2020

Ended

Patricia Alen

Director · since 14 avril 2017

Ended

At this address

Other companies at this address

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BeliDender● Active	0694.914.532
BELISTYLE● Active	0478.966.501
STELIS● Active	0883.859.050
Tumb● Active	0678.506.387
WIST● Active	0878.081.909

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	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	18 months	12 months
Filing date	28/07/2026	15/07/2025	24/07/2024	30/06/2023	28/07/2022	16/12/2020
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	05/11/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	30/06/2020	05/11/2020	16/12/2020	Dutch	PDF
Abridged model	30/06/2019	10/10/2019	05/11/2019	Dutch	PDF
Abridged model	30/06/2018	03/12/2018	21/12/2018	Dutch	PDF
Abridged model	30/06/2017	04/12/2017	27/12/2017	Dutch	PDF
Abridged model	30/06/2016	21/11/2016	16/12/2016	Dutch	PDF
Abridged model	30/06/2015	07/12/2015	17/12/2015	Dutch	PDF
Abridged model	30/06/2014	08/12/2014	17/12/2014	Dutch	PDF
Abridged model	30/06/2013	30/09/2013	30/10/2013	Dutch	PDF
Abridged model	30/06/2012	03/01/2013	16/01/2013	Dutch	PDF
Abridged model	30/06/2011	29/11/2011	13/12/2011	Dutch	PDF
Abridged model	30/06/2010	25/11/2010	29/11/2010	Dutch	PDF
Abridged model	30/06/2009	10/02/2010	16/02/2010	Dutch	PDF
Abridged model	30/06/2008	18/09/2008	16/02/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 18 ended

Active mandates

Wim Hernaut

Director · since 02 juin 2021 · until 30 juin 2027

Active

Ended mandates

Danny Van den Broeck

Director · since 13 octobre 2020 · until 02 juin 2021

Ended

Danny Van den Broeck

Director · since 13 octobre 2020

Ended

Patricia Alen

Director · since 14 avril 2017 · until 13 octobre 2020

Ended

Patricia Alen

Director · since 14 avril 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office23/09/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares10/09/2018
KAPITAAL - AANDELEN
PDF
Mandates13/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other15/03/2007
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 2025-3,2 k €↓
2024
Annual accounts 2024495,5 k €↑
2023
Annual accounts 2023-292,7 k €↓
2022
Annual accounts 2022-187,7 k €↓
2021
Annual accounts 202164,9 k €↑
2021
Name changeHerno
2020
Annual accounts 2020-102,4 k €↓
2019
Annual accounts 2019761,1 €↓
2018
Annual accounts 20183,8 k €↑
2017
Annual accounts 2017-11,5 k €↓
2016
Annual accounts 201610,8 k €↑
2015
Annual accounts 2015-2,5 k €↓
2014
Annual accounts 20143,5 k €↑
2013
Annual accounts 2013-1,6 k €↓
2012
Annual accounts 201224,7 k €↑
2011
Annual accounts 2011-34,0 k €↓
2010
Annual accounts 201068,3 k €↑
2009
Annual accounts 2009-32,1 k €↓
2008
Annual accounts 2008-24,6 k €
2008
Name changeBELITWIN
07/03/2007
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

HERNO

Overview

What does HERNO do?

Trend over 18 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