HERMES
ActiveSummary
HERMES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €183,678 and a net result of €21,381. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 94% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65=
Solvency100▲+10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 17.07 against 2.54 in 2023; short-term debt: 5% and cash: 19% of total assets), and 5% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
28 d early
2022
40 d early
2021
25 d early
2020
29 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€183,678▲ 13.2%
2023 · €162,297
Total assets
€193,410▼ 22.7%
2023 · €250,243
Net result
€21,381▼ 23.5%
2023 · €27,939
Working capital
€156,411▲ 15.8%
2023 · €135,028
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€42,888▲ 174%€53,181▲ 24.0%-€32,404€30,916€27,041▼ 12.5%
Net result€28,559within the sector's middle half▲ 195%€36,060within the sector's middle half▲ 26.3%-€31,236below the sector's middle half€27,939within the sector's middle half€21,381within the sector's middle half▼ 23.5%
Equity€129,534within the sector's middle half▲ 28.3%€165,594above the sector's middle half▲ 27.8%€134,358within the sector's middle half▼ 18.9%€162,297within the sector's middle half▲ 20.8%€183,678above the sector's middle half▲ 13.2%
Total assets€176,099within the sector's middle half▼ 24.1%€185,707within the sector's middle half▲ 5.5%€195,675within the sector's middle half▲ 5.4%€250,243within the sector's middle half▲ 27.9%€193,410within the sector's middle half▼ 22.7%
Debt€46,565▼ 64.5%€20,112▼ 56.8%€61,317▲ 205%€87,946▲ 43.4%€9,733▼ 88.9%
Working capital€101,467▲ 38.4%€137,696▲ 35.7%€107,090▼ 22.2%€135,028▲ 26.1%€156,411▲ 15.8%
Solvency73.6%within the sector's middle half▲ 30.0pp89.2%above the sector's middle half▲ 15.6pp68.7%within the sector's middle half▼ 20.5pp64.9%within the sector's middle half▼ 3.8pp95.0%above the sector's middle half▲ 30.1pp
Staff (FTE)2within the sector's middle half▼ 4.8%1.9▼ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €193,410
Fixed assets
€27,268 =
Current assets
€166,142 ▼ 25.5%
Equity and liabilities €193,410
Equity
€183,678 ▲ 13.2%
Debt
€9,733 ▼ 88.9%
Debt's share of the balance-sheet total falls from 35.1% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
17.07▲
2023 · 2.54
Debt to equity
0.05▼
2023 · 0.54
ROE
11.6%▼
2023 · 17.2%
ROA
11.1%▼
2023 · 11.2%
Debt ≤ 1 year
€9,731▼
2023 · €87,946
Income taxes
€9,035▲
2023 · €5,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €67,987 | - | - | - | - |
| Other operating charges640/8 | - | €1,104 | €1,121 | €1,196 | €1,014 | ▼ 15.2% |
| Gross operating margin9900 | €135,439 | €122,272 | -€31,284 | €32,112 | €28,055 | ▼ 12.6% |
| Operating profit (loss)9901 | €42,888 | €53,181 | -€32,404 | €30,916 | €27,041 | ▼ 12.5% |
| Financial income75/76B | - | - | €1,814 | €2,466 | €3,506 | ▲ 42.2% |
| Recurring financial income75 | - | - | €1,814 | €2,466 | €3,506 | ▲ 42.2% |
| Financial charges65/66B | - | €234 | €64 | €443 | €132 | ▼ 70.3% |
| Recurring financial charges65 | €431 | €234 | €64 | €443 | €132 | ▼ 70.3% |
| Profit (loss) for the period before taxes9903 | €42,457 | €52,947 | -€30,655 | €32,939 | €30,416 | ▼ 7.7% |
| Income taxes67/77 | €13,897 | €16,887 | €581 | €5,000 | €9,035 | ▲ 80.7% |
| Profit (loss) for the period9904 | €28,559 | €36,060 | -€31,236 | €27,939 | €21,381 | ▼ 23.5% |
| Profit (loss) for the period to be appropriated9905 | €28,559 | €36,060 | -€31,236 | €27,939 | €21,381 | ▼ 23.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,099 | €185,707 | €195,675 | €250,243 | €193,410 | ▼ 22.7% |
| Fixed assets21/28 | €28,073 | €27,898 | €27,268 | €27,268 | €27,268 | = |
| Tangible fixed assets22/27 | €27,268 | €27,268 | €27,268 | €27,268 | €27,268 | = |
| Land and buildings22 | - | €27,268 | €27,268 | €27,268 | €27,268 | = |
| Financial fixed assets28 | €805 | €630 | - | - | - | - |
| Current assets29/58 | €148,026 | €157,809 | €168,407 | €222,975 | €166,142 | ▼ 25.5% |
| Amounts receivable after more than one year29 | - | - | €72,000 | €72,000 | €72,000 | = |
| Other amounts receivable291 | - | - | €72,000 | €72,000 | €72,000 | = |
| Amounts receivable within one year40/41 | €141,407 | €123,884 | €91,179 | €108,060 | €57,093 | ▼ 47.2% |
| Trade receivables40 | - | €123,271 | €84,984 | €84,645 | €30,173 | ▼ 64.4% |
| Other amounts receivable41 | - | €613 | €6,195 | €23,414 | €26,921 | ▲ 15.0% |
| Cash at bank and in hand54/58 | - | €30,957 | €520 | €40,017 | €36,792 | ▼ 8.1% |
| Deferred charges and accrued income490/1 | - | €2,967 | €4,709 | €2,898 | €256 | ▼ 91.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,099 | €185,707 | €195,675 | €250,243 | €193,410 | ▼ 22.7% |
| Equity10/15 | €129,534 | €165,594 | €134,358 | €162,297 | €183,678 | ▲ 13.2% |
| Contributions10/11 | - | €38,000 | €38,000 | €38,000 | €38,000 | = |
| Reserves13 | €91,534 | €127,594 | €118,800 | €124,297 | €145,678 | ▲ 17.2% |
| Non-distributable reserves130/1 | - | €3,800 | €3,800 | - | - | - |
| Reserves not available under the articles1311 | - | €3,800 | €3,800 | - | - | - |
| Distributable reserves133 | - | €123,794 | €115,000 | €124,297 | €145,678 | ▲ 17.2% |
| Profit (loss) carried forward14 | - | - | -€22,442 | - | - | - |
| Amounts payable17/49 | €46,565 | €20,112 | €61,317 | €87,946 | €9,733 | ▼ 88.9% |
| Amounts payable within one year42/48 | €46,559 | €20,112 | €61,317 | €87,946 | €9,731 | ▼ 88.9% |
| Trade debts44 | €9,013 | €8,172 | €5,061 | €4,519 | €353 | ▼ 92.2% |
| Suppliers440/4 | - | €8,172 | €5,061 | €4,519 | €353 | ▼ 92.2% |
| Taxes, remuneration and social security45 | - | €7,237 | €1,256 | €12,996 | €9,378 | ▼ 27.8% |
| Taxes450/3 | - | €7,237 | €1,256 | €12,996 | €9,378 | ▼ 27.8% |
| Other amounts payable47/48 | - | €4,703 | €55,000 | €70,432 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,559 | €36,060 | -€31,236 | €27,939 | €21,381 | ▼ 23.5% |
| Operating cash flow (approximation) | €28,559 | €36,060 | -€31,236 | €27,939 | €21,381 | ▼ 23.5% |
| Investment in fixed assets (approximation) | - | €175 | €630 | €0 | €0 | - |
| Change in cash | - | - | -€30,438 | €39,497 | -€3,225 | ▼ 108% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 7current ratio 17.07
Current ratio from 2.54 to 17.07; short-term debt falls from €87,946 to €9,731.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €27,939
Net result €27,939 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €162,297 ▲20.8%
Equity rises from €134,358 to €162,297.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€31,236
Net result drops to -€31,236, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €36,060 ▲26.3%
Operating result €53,181, net result €36,060, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.85
Current ratio from 3.18 to 7.85; short-term debt falls from €46,559 to €20,112.
31-12
Financial
Equity above €150,000Eq €165,594 ▲27.8%
4 profitable years in a row build equity to €165,594.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Liquidity doublescurrent ratio 3.18
Current ratio from 1.56 to 3.18; short-term debt falls from €130,680 to €46,559.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €100,975 ▲10.6%
2 profitable years in a row build equity to €100,975.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dendermonde · 1 establishment unit since 1999
Ground area
3,403 m²
Building footprint
646 m²
Volume, LiDAR
3,802 m³
Parcel 42021B0169/00A002, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HERMES
since 19992.196.675.163
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021B0169/00A002 | Flanders | 3,403 m² | 1 · 645 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,354 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
85531Driving schools for cars and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465860712
Also
9925:BE0465860712
Registered
29-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.