HERMEX
ActiveSummary
HERMEX has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93,689 and a net result of €59,376. Equity is growing by ~51.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 2315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency78▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.22 in 2024; short-term debt: 46.9% and cash: 30% of total assets), and 46.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
53.1%
Return on assets
33.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
9 d late
2021
2 d early
2020
2 d early
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59,376▲ 114%
2024 · €27,744
Working capital
€82,132▲ 318%
2024 · €19,641
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,171▼ 11.0%€14,945▼ 13.0%-€22,073€32,347€61,854▲ 91.2%
Net result€10,357within the sector's middle half▼ 36.2%€10,388within the sector's middle half▲ 0.3%-€27,912below the sector's middle half€27,744within the sector's middle half€59,376within the sector's middle half▲ 114%
Equity€25,697within the sector's middle half▲ 67.5%€36,084within the sector's middle half▲ 40.4%€6,570below the sector's middle half▼ 81.8%€34,314within the sector's middle half▲ 422%€93,689within the sector's middle half▲ 173%
Total assets€104,779within the sector's middle half▲ 12.0%€91,364within the sector's middle half▼ 12.8%€73,275within the sector's middle half▼ 19.8%€124,762within the sector's middle half▲ 70.3%€176,435below the sector's middle half▲ 41.4%
Debt€79,082▲ 1.2%€55,280▼ 30.1%€66,705▲ 20.7%€90,449▲ 35.6%€82,746▼ 8.5%
Working capital€13,681within the sector's middle half▲ 102%€25,381within the sector's middle half▲ 85.5%-€2,894within the sector's middle half€19,641within the sector's middle half€82,132within the sector's middle half▲ 318%
Solvency24.5%within the sector's middle half▲ 8.1pp39.5%within the sector's middle half▲ 15.0pp9.0%below the sector's middle half▼ 30.5pp27.5%within the sector's middle half▲ 18.5pp53.1%within the sector's middle half▲ 25.6pp
Current ratio1.18within the sector's middle half▲ 0.071.46within the sector's middle half▲ 0.270.96within the sector's middle half▼ 0.501.22within the sector's middle half▲ 0.261.99within the sector's middle half▲ 0.78
Return on assets (ROA)9.9%within the sector's middle half▼ 7.5pp11.4%within the sector's middle half▲ 1.5pp-38.1%below the sector's middle half▼ 49.5pp22.2%within the sector's middle half▲ 60.3pp33.7%above the sector's middle half▲ 11.4pp
Staff (FTE)2.7▲ 22.7%3.4▲ 25.9%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 91% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €176,435
Fixed assets
€11,558 ▼ 21.2%
Current assets
€164,878 ▲ 49.8%
Equity and liabilities €176,435
Equity
€93,689 ▲ 173%
Debt
€82,746 ▼ 8.5%
Debt's share of the balance-sheet total falls from 72.5% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,969▲
2024 · €34,249
Cash flow
€62,491▲
2024 · €29,646
Debt to equity
0.88▼
2024 · 2.64
ROE
63.4%▼
2024 · 80.9%
Interest coverage
53.95▼
2024 · 56.80
Debt ≤ 1 year
€82,746▼
2024 · €90,449
Income taxes
€1,274▼
2024 · €4,000
Staff costs
€176,141▼
2024 · €179,806
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% 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
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,371 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €89,907 | €112,184 | €211,334 | €179,806 | €176,141 | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,767 | €11,869 | €4,148 | €1,903 | €3,115 | ▲ 63.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €637 | - | - | - |
| Other operating charges640/8 | €708 | €2,796 | €969 | €1,309 | €853 | ▼ 34.8% |
| Gross operating margin9900 | €120,553 | €141,793 | €195,015 | €215,364 | €241,963 | ▲ 12.4% |
| Operating profit (loss)9901 | €17,171 | €14,945 | -€22,073 | €32,347 | €61,854 | ▲ 91.2% |
| Financial income75/76B | - | - | €430 | - | - | - |
| Recurring financial income75 | - | - | €430 | - | - | - |
| Financial charges65/66B | €433 | €358 | €283 | €603 | €1,204 | ▲ 99.7% |
| Recurring financial charges65 | €433 | €358 | €283 | €603 | €1,204 | ▲ 99.7% |
| Profit (loss) for the period before taxes9903 | €16,738 | €14,587 | -€21,926 | €31,744 | €60,650 | ▲ 91.1% |
| Income taxes67/77 | €6,381 | €4,200 | €5,986 | €4,000 | €1,274 | ▼ 68.1% |
| Profit (loss) for the period9904 | €10,357 | €10,388 | -€27,912 | €27,744 | €59,376 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €10,357 | €10,388 | -€27,912 | €27,744 | €59,376 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,779 | €91,364 | €73,275 | €124,762 | €176,435 | ▲ 41.4% |
| Fixed assets21/28 | €16,832 | €10,703 | €9,463 | €14,673 | €11,558 | ▼ 21.2% |
| Tangible fixed assets22/27 | €12,177 | €6,048 | €4,808 | €10,018 | €6,903 | ▼ 31.1% |
| Plant, machinery and equipment23 | €898 | €1,436 | €2,650 | €1,467 | €494 | ▼ 66.3% |
| Furniture and vehicles24 | €11,279 | €1,735 | - | - | - | - |
| Other tangible fixed assets26 | - | €2,877 | €2,158 | €8,551 | €6,409 | ▼ 25.0% |
| Financial fixed assets28 | €4,655 | €4,655 | €4,655 | €4,655 | €4,655 | = |
| Current assets29/58 | €87,946 | €80,661 | €63,811 | €110,089 | €164,878 | ▲ 49.8% |
| Amounts receivable within one year40/41 | €52,468 | €18,094 | €21,108 | €43,599 | €111,979 | ▲ 157% |
| Trade receivables40 | €52,468 | €18,094 | €21,080 | €33,599 | €83,528 | ▲ 149% |
| Other amounts receivable41 | - | - | €28 | €10,000 | €28,451 | ▲ 185% |
| Cash at bank and in hand54/58 | €35,478 | €62,567 | €42,703 | €66,490 | €52,899 | ▼ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,779 | €91,364 | €73,275 | €124,762 | €176,435 | ▲ 41.4% |
| Equity10/15 | €25,697 | €36,084 | €6,570 | €34,314 | €93,689 | ▲ 173% |
| Contributions10/11 | €62,187 | €62,187 | €62,187 | €62,187 | €62,187 | = |
| Outside capital11 | €62,187 | €62,187 | €62,187 | €62,187 | €62,187 | = |
| Other1109/19 | €62,187 | €62,187 | €62,187 | €62,187 | €62,187 | = |
| Profit (loss) carried forward14 | -€36,490 | -€26,102 | -€55,617 | -€27,873 | €31,503 | ▲ 213% |
| Amounts payable17/49 | €79,082 | €55,280 | €66,705 | €90,449 | €82,746 | ▼ 8.5% |
| Amounts payable after more than one year17 | €4,816 | - | - | - | - | - |
| Financial debts170/4 | €4,816 | - | - | - | - | - |
| Amounts payable within one year42/48 | €74,266 | €55,280 | €66,705 | €90,449 | €82,746 | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | €8,161 | €4,816 | - | - | - | - |
| Trade debts44 | €7,722 | €546 | - | €13,462 | €13,556 | ▲ 0.7% |
| Suppliers440/4 | €7,722 | €546 | - | €13,462 | €13,556 | ▲ 0.7% |
| Taxes, remuneration and social security45 | €32,416 | €22,839 | €66,705 | €62,597 | €68,736 | ▲ 9.8% |
| Taxes450/3 | €10,507 | €13,664 | €18,275 | €30,489 | €27,497 | ▼ 9.8% |
| Remuneration and social security454/9 | €21,910 | €9,175 | €48,430 | €32,109 | €41,240 | ▲ 28.4% |
| Other amounts payable47/48 | €25,966 | €27,078 | - | €14,389 | €454 | ▼ 96.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,357 | €10,388 | -€27,912 | €27,744 | €59,376 | ▲ 114% |
| + Depreciation and write-downs630 | €12,767 | €11,869 | €4,148 | €1,903 | €3,115 | ▲ 63.7% |
| Operating cash flow (approximation) | €23,124 | €22,257 | -€23,764 | €29,646 | €62,491 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€5,740 | -€2,907 | -€7,112 | €0 | ▲ 100% |
| Change in cash | - | €27,089 | -€19,864 | €23,787 | -€13,591 | ▼ 157% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €59,376 ▲114%
Operating result €61,854, net result €59,376, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €27,744
Net result €27,744 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€27,912
Net result drops to -€27,912, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.54 to 1.12; short-term debt falls from €58,119 to €57,165.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2003
Ground area
487 m²
Building footprint
88 m²
Volume, LiDAR
1,371 m³
Parcel 21810L2202/00B003, Brussels · tallest building 20.3 m, ±6 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
HERMEX
since 20032.125.056.796
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2202/00B003 | Brussels | 487 m² | 1 · 88 m² | 20.3 m · 6 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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BEXA
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SDE
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Of 11,204 companies in sector 82100 we hold annual accounts for 3,516. 2,617 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-07-1991
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444694322
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.