Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 18.4 to 13.3.
Financials
Financial year 2025
HERBALGEM from Vielsalm, company number BE0428484929, closed financial year 2025 with a result of € 4.7 million after tax. For that financial year HERBALGEM recorded revenue of € 10.8 million and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 4.2 million to € 4.7 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 2.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.7 million
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 450,484
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.7 million paid out
100 % of the profit went to the shareholders, mostly to PRANARÔM INTERNATIONAL (100 % of the shares). That is where the money ends up.
People and assets in 2025
13.3
▼ 2.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 818,473
▼ 6% vs 2024
€ 61,500 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.
€ 8,301
▼ 32% 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.
€ 345,622
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 572,308
▼ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,271,592 | € 12,703,087 | € 9,911,970 | € 10,786,664 | ▲ 9% |
| Profit after taxes | € 4,950,968 | € 5,861,975 | € 4,249,220 | € 4,747,675 | ▲ 12% |
| Equity | € 6,436,173 | € 2,298,148 | € 2,298,148 | € 2,298,148 | |
| Total debts | € 30,924,130 | € 41,656,243 | € 5,964,980 | € 5,716,123 | ▼ 4% |
| Cash | € 509,855 | € 683,633 | € 327,895 | € 450,484 | ▲ 37% |
| Land & buildings | € 3,966 | € 23,448 | € 22,379 | € 75,539 | ▲ 238% |
| Retained profit | € 6,339,263 | € 2,201,238 | € 2,201,238 | € 2,201,238 | |
| Dividend | € 4,950,968 | € 10,000,000 | € 4,249,220 | € 4,747,675 | ▲ 12% |
| Balance sheet total | € 37,427,303 | € 43,954,391 | € 8,263,129 | € 8,014,271 | ▼ 3% |
| Employees (FTE) | 21.7 | 18.4 | 15.7 | 13.3 | ▼ 2.4 |
Key figures of HERBALGEM, 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 HERBALGEM?
What happened at HERBALGEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Inula Holding SAS stepped down as director. NBB
- Inula SA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.7 million (▲ 12% vs 2024). Source: NBB ↗
- Inula Holding SAS became a director. NBB
- Inula SA became a director. NBB
- New establishment in Vielsalm. KBO
- Start of the company according to the CBE. KBO
In short
From € 5 million profit in 2022 to € 4.7 million profit in 2025.
Paid € 6.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 5.9 million profit.
Paid out € 23.9 million in dividends to the owners in total.
Management
The shares are held by PRANARÔM INTERNATIONAL (100%). It owns 100% of HERBALGEM Italia itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Paul-François Cossa
Also active at: PRANAROM INTERNATIONAL, INULA SERVICES, PRANAROM MED, INULA
since 2023 · until 2029
Managing director · represented by Christine Le Flecher
Owns 100% via PRANARÔM INTERNATIONAL
Also active at: PRANAROM INTERNATIONAL, INULA SERVICES, PRANAROM MED
since 2023 · until 2029
Shareholders
PRANARÔM INTERNATIONAL · holding of Inula SA
100%
Participations
HERBALGEM Italia
100%
Establishments
Establishment units
Physical locations of this company
Place des Chasseurs Ardennais S/N
6690 Vielsalm
Place des Chasseurs Ardennais X
6690 Vielsalm
Active since 1 January 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.484.929
- VAT number
- BE 0428.484.929
- Registered office
- Place des Chasseurs Ardennais S/N, 6690 Vielsalm
- Names & denominations
- HERBALGEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 1986
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Vervaardiging van andere chemische producten, neg
Teelt van groenten, meloenen en wortel- en knolgewassen
Groenteteelt
Vervaardiging van etherische oliën
Overige detailhandel in voedingsmiddelen, neg
Groothandel in bloemen en planten
Overige detailhandel in voedings- en genotmiddelen in gespecialiseerde winkels, n.e.g.
Overige detailhandel in voedingsmiddelen in gespecialiseerde winkels, n.e.g.