Checked.be
Active
BE 0441.768.088Private limited company (pre-2019)
HERMES SERVICES
Hoogstraat 99 ·1600 Sint-Pieters-Leeuw, Belgium· 35 yrs active
Sector: Wholesale trade
(46110)
Conclusion
HERMES SERVICES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196k and a net result of €-2k. Equity is shrinking by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €196k |
| Net result | €-2k |
| Better than sector | 70% |
| Active | 35 yrs |
Financial profile
67
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
78
Profitability
0
Solvency
100
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1990, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
78
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€15k
estimate, not credit advice
Score history
73
2022
52
2023
52
2024
78
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.79 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.79 (≥ 1.0)
+5
Leverage
Debt/equity 0.50 (< 1.0)
+10
Profitability
Negatieve ROE -1%
-10
Interest coverage
Interest coverage 128.9× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 25-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~7.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.7% | 42.6% | |
| Net result | €-2k | €6k | |
| Equity | €196k | €60k | |
| Gross operating margin | €17k | €29k | |
| Total assets | €294k | €175k |
€15k
-
22-25
€-2k
+93.5%
22-25
€15k
-
22-25
€294k
-4.1%
22-25
€196k
-0.8%
22-25
€24k
+95.0%
22-25
€98k
-10.2%
22-25
€6k
-57.5%
22-25
€91k
-2.7%
22-25
4.79
+162.4%
22-25
4.79
+162.4%
22-25
66.7%
+3.5%
22-25
0.50
-9.4%
22-25
-0.8%
+93.5%
22-25
-0.5%
+93.2%
22-25
128.88
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €15k | €-8k | €-2k | €8k |
| Net profit | €-2k | €-25k | €-19k | €-8k |
| Cash flow | €15k | €-8k | €-2k | €8k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €294k | €307k | €321k | €350k |
| Equity | €196k | €198k | €223k | €241k |
| Debt | €98k | €109k | €98k | €109k |
| of which ≤ 1y | €6k | €15k | €395 | €11k |
| of which > 1y | €91k | €94k | €98k | €98k |
| Working capital | €24k | €12k | €25k | €27k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 4.79 | 1.83 | 63.34 | 3.36 |
| Quick ratio | 4.79 | 1.83 | 63.34 | 3.36 |
| Working capital ratio | 8.2% | 4.0% | 7.7% | 7.6% |
| Solvency | 66.7% | 64.5% | 69.4% | 68.8% |
| Debt / equity | 0.50 | 0.55 | 0.44 | 0.45 |
| Long-term debt ratio | 0.46 | 0.47 | 0.44 | 0.40 |
| Interest coverage | 128.88 | -48.56 | -9.03 | 83.22 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.5% | -8.1% | -5.8% | -2.3% |
| ROE | -0.8% | -12.5% | -8.3% | -3.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €294k | €307k | €321k | €350k |
| Fixed assets | 21/28 | €264k | €279k | €296k | €312k |
| Tangible fixed assets | 22/27 | €264k | €279k | €296k | €312k |
| Financial fixed assets | 28 | €50 | €50 | €50 | €50 |
| Current assets | 29/58 | €30k | €27k | €25k | €38k |
| Amounts receivable within one year | 40/41 | €24k | €20k | €22k | €33k |
| Cash & bank | 54/58 | €6k | €8k | €3k | €5k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €294k | €307k | €321k | €350k |
| Equity | 10/15 | €196k | €198k | €223k | €241k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €176k | €177k | €202k | €221k |
| Amounts payable | 17/49 | €98k | €109k | €98k | €109k |
| Amounts payable after one year | 17 | €91k | €94k | €98k | €98k |
| Amounts payable within one year | 42/48 | €6k | €15k | €395 | €11k |
| Trade debts payable within one year | 44 | €4k | €14k | - | €8k |
| Income statement | |||||
| Gross operating margin | 9900 | €17k | €-6k | €884 | €11k |
| Operating result | 9901 | €-2k | €-25k | €-18k | €-8k |
| Financial income | 75 | €12 | €96 | - | €36 |
| Financial charges | 65 | €117 | €171 | €211 | €102 |
| Result before taxes | 9903 | €-2k | €-25k | €-19k | €-8k |
| Net result for the period | 9904 | €-2k | €-25k | €-19k | €-8k |
| Result to be appropriated | 9905 | €-2k | €-25k | €-19k | €-8k |
Legal Structure
| NACE primary | Wholesale trade(46110) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 18-10-1990 |
| Status | Active |
| Postal code | 1600 |
Establishment units
Zuundallaan 3, 1600 Sint-Pieters-Leeuw
since 19902.050.150.527
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23583K0214/00L000 | Flanders | 4,640 m² | 1 · 194 m² | 11.8 m · 2 fl. |
| 23077C0031/00B002 | Flanders | 801 m² | 1 · 168 m² | 8.7 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 4.79
Current ratio from 1.83 to 4.79; short-term debt falls from €15k to €6k.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Liquidity times 19current ratio 63.34
Current ratio from 3.36 to 63.34; short-term debt falls from €11k to €395.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Wholesale trade4611051110
Names & trade names
| Legal nameNL | HERMES SERVICES |
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