Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HERMES BENELUX NORDICS from Brussel, company number BE0412966414, closed financial year 2025 with a result of € 17.9 million after tax. For that financial year HERMES BENELUX NORDICS recorded revenue of € 124.6 million and equity of € 3.8 million. Compared with financial year 2024, the result moved from € 17.2 million to € 17.9 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 3.8 million
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17.9 million
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 666,932
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 17.1 million paid out
96 % of the profit went to the shareholders, mostly to HERMES INTERNATIONAL (100 % of the shares). That is where the money ends up.
People and assets in 2025
76.6
▲ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14.7 million
▲ 11% vs 2024
€ 191,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 556,983
▲ 94% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10.8 million
▲ 280% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 9.4 million
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 88,494,733 | € 103,796,225 | € 113,874,283 | € 124,621,193 | ▲ 9% |
| Profit after taxes | € 11,803,501 | € 11,778,132 | € 17,241,987 | € 17,870,730 | ▲ 4% |
| Equity | € 4,145,658 | € 3,169,290 | € 3,018,777 | € 3,786,882 | ▲ 25% |
| Total debts | € 26,845,690 | € 28,716,377 | € 32,426,177 | € 40,257,006 | ▲ 24% |
| Cash | € 1,089,342 | € 1,225,537 | € 1,108,348 | € 666,932 | ▼ 40% |
| Retained profit | € 1,480,658 | € 504,290 | € 353,777 | € 1,121,882 | ▲ 217% |
| Dividend | € 11,884,875 | € 12,754,500 | € 17,392,500 | € 17,102,625 | ▼ 2% |
| Bank debt | € 0 | € 3,053,488 | € 1,028,077 | € 0 | ▼ 100% |
| Balance sheet total | € 31,429,202 | € 32,391,855 | € 35,939,302 | € 44,428,692 | ▲ 24% |
| Employees (FTE) | 54.7 | 67 | 73 | 76.6 | ▲ 3.6 |
Key figures of HERMES BENELUX NORDICS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HERMES BENELUX NORDICS?
What happened at HERMES BENELUX NORDICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BEATRICE GOUYET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 17.9 million (▲ 4% vs 2024). Source: NBB ↗
- LUC HENNARD stepped down as director. NBB
- LUC HENNARD became a director. NBB
- BEATRICE GOUYET became a director. NBB
- New establishment in Brussel. KBO
- New establishment in Knokke-Heist. KBO
- New establishment in Brussel. KBO
In short
From € 11.8 million profit in 2022 to € 17.9 million profit in 2025.
Paid € 21.6 million in corporate taxes since 2022.
Best year ever: 2025, with € 17.9 million profit.
Paid out € 59.1 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by HERMES INTERNATIONAL (100%) and HERMES SELLIER (0%).
Directors
According to the 2025 annual accounts
BEATRICE GOUYET
Managing director
since 2021 · until 2027
LUC HENNARD
Chairman of the board, Director
since 2023 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brederodestraat 10
1000 Brussel
Waterloolaan 50
1000 Brussel
Active since 1 April 1973
Kustlaan 110-112
8300 Knokke-Heist
Active since 4 October 1995
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.966.414
- VAT number
- BE 0412.966.414
- Registered office
- Brederodestraat 10, 1000 Brussel
- Names & denominations
- HERMES BENELUX NORDICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1973
- Peppol
- Active · Active since 4 Feb 2026
- Activities · NACE
Detailhandel in lederwaren en reisartikelen
Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)