HERMEDES
ActiveHERMEDES has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €941k and a net result of €176k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 75% of 11210 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-3
Solvency98▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 3.28 against 24.48 in 2024; short-term debt: 26.8% and cash: 20.9% of total assets), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.2%
Return on assets
13.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
38 d early
2023
34 d early
2022
32 d early
2021
34 d early
2020
24 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€941k▼ 12.8%
2024 · €1.08M
2018: €589k
2019: €591k
2020: €600k
2021: €693k
2022: €816k
2023: €911k
2024: €1.08M
2018 → 2025
Total assets
€1.28M▲ 14.7%
2024 · €1.12M
2018: €597k
2019: €618k
2020: €682k
2021: €723k
2022: €864k
2023: €996k
2024: €1.12M
2018 → 2025
Net result
€176k▼ 5.2%
2024 · €186k
2018: €81k
2019: €18k
2020: €68k
2021: €93k
2022: €153k
2023: €162k
2024: €186k
2018 → 2025
Working capital
€784k▼ 18.7%
2024 · €964k
2018: €584k
2019: €587k
2020: €568k
2021: €662k
2022: €782k
2023: €847k
2024: €964k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€693k-€816k▲ 17.8%€911k▲ 11.6%€1.08M▲ 18.4%€941k▼ 12.8%
Operating result€133k-€216k▲ 62.1%€229k▲ 5.8%€236k▲ 3.3%€241k▲ 1.9%
Net result€93k-€153k▲ 65.0%€162k▲ 5.9%€186k▲ 14.4%€176k▼ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.28M
Fixed assets
€156k▲ 35.9%
Current assets
€1.13M▲ 12.3%
Equity and liabilities €1.28M
Equity
€941k▼ 12.8%
Debt
€344k▲ 738%
The debt ratio rises from 3.7% to 26.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€261k▲
2024 · €249k
Cash flow
€197k▼
2024 · €199k
Solvency
73.2%▼
2024 · 96.3%
Current ratio
3.28▼
2024 · 24.48
Quick ratio
3.28▼
2024 · 24.48
Debt / equity
0.37▲
2024 · 0.04
ROE
18.7%▲
2024 · 17.2%
ROA
13.7%▼
2024 · 16.6%
Interest coverage
215.21▲
2024 · 108.02
Debt
€344k▲
2024 · €41k
Debt ≤ 1 year
€344k▲
2024 · €41k
Income taxes
€84k▼
2024 · €89k
Staff costs
€57k▼
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.12M€1.28M▲
Fixed assets21/28€115k€156k▲
Tangible fixed assets22/27€115k€156k▲
Land and buildings22€79k€77k▼
Furniture and vehicles24€28k€69k▲
Other tangible fixed assets26€8k€10k▲
Current assets29/58€1.01M€1.13M▲
Amounts receivable within one year40/41€36k€33k▼
Trade receivables40€26k€31k▲
Other amounts receivable41€10k€2k▼
Current investments50/53€906k€827k▼
Cash at bank and in hand54/58€63k€269k▲
Deferred charges and accrued income490/1€108€396▲
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.28M▲
Equity10/15€1.08M€941k▼
Contributions10/11€386k€386k=
Reserves13€693k€555k▼
Distributable reserves133€693k€555k▼
Amounts payable17/49€41k€344k▲
Amounts payable within one year42/48€41k€344k▲
Trade debts44€6k€12k▲
Suppliers440/4€6k€12k▲
Taxes, remuneration and social security45€15k€15k▲
Taxes450/3€8k€8k▲
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€20k€316k▲
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€58k€57k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€20k▲
Other operating charges640/8€656€243▼
Gross operating margin9900€308k€318k▲
Operating profit (loss)9901€236k€241k▲
Financial income75/76B€41k€20k▼
Recurring financial income75€41k€20k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€275k€260k▼
Income taxes67/77€89k€84k▼
Profit (loss) for the period9904€186k€176k▼
Profit (loss) for the period to be appropriated9905€186k€176k▼
Appropriation of the result
Profit (loss) to be appropriated9906€186k€176k▼
Transfer from equity791/2€18k€315k▲
Transfer to equity691/2€186k€176k▼
To other reserves6921€186k€176k▼
Profit to be distributed694/7€18k€315k▲
Return on contributions (dividend)694€18k€315k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €186k ▲14.4%
Net result €186k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 24.48
Current ratio from 10.96 to 24.48; short-term debt falls from €85k to €41k.
31-12
Financial
Equity above €1MEq €1.08M ▲18.4%
7 profitable years in a row build equity to €1.08M.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 22.84
Current ratio from 7.95 to 22.84; short-term debt falls from €82k to €30k.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €18k ▼77.7%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mortsel · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Edmond Thieffrylaan 622640 MortselGround area
894 m²
Building footprint
187 m²
Volume, LiDAR
1,181 m³
Parcel 11513C0129/00X007, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Edmond Thieffrylaan 62, 2640 Mortsel
since 19932.061.848.925
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0129/00X007 | Flanders | 894 m² | 1 · 187 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600ZET34NVAT3IM02
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Of 4,431 companies in sector 46180 we hold annual accounts for 1,887. 953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-1993
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.