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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
H.E.D. from Kortrijk, company number BE0437932828, closed financial year 2025 with a result of € 6,987 after tax. For that financial year H.E.D. recorded a gross margin of € 25,284 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 7,338 to € 6,987. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 1, 2026.
€ 1.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,987
▼ 5% vs 2024
Profit after tax over the fiscal year.
€ 1 million
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 860,150.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,479
▼ 27% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,279,359 | € 16,742 | € 28,666 | € 25,284 | ▼ 12% |
| Profit after taxes | € 847,233 | € -308 | € 7,338 | € 6,987 | ▼ 5% |
| Equity | € 1,094,027 | € 1,093,719 | € 1,101,057 | € 1,108,044 | ▲ 1% |
| Total debts | € 649,540 | € 388,665 | € 10,141 | € 3,479 | ▼ 66% |
| Cash | € 1,714,307 | € 1,399,895 | € 1,024,450 | € 1,022,902 | |
| Land & buildings | € 40,063 | € 90,050 | € 101,286 | € 101,693 | |
| Retained profit | € 846,133 | € 845,825 | € 853,163 | € 860,150 | ▲ 1% |
| Balance sheet total | € 1,762,582 | € 1,500,889 | € 1,128,173 | € 1,126,616 |
Key figures of H.E.D., 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 H.E.D.?
What happened at H.E.D. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Martin Herman stepped down as director. NBB
- Katelijn D'Haene stepped down as director. NBB
- Pieter Herman stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6,987 (▼ 5% vs 2024). Source: NBB ↗
- Martin Herman became a director. NBB
- Katelijn D'Haene became a director. NBB
- Pieter Herman became a director. NBB
- New establishment in Kortrijk. KBO
In short
From € 847,233 profit in 2022 to € 6,987 profit in 2025.
Paid € 417,155 in corporate taxes since 2022.
Best year ever: 2022, with € 847,233 profit.
A new publication or filing at H.E.D.? We notify you, reason included.
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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
Directors
According to the 2025 annual accounts
Martin Herman
Director
since 2023 · until 2029
Katelijn D'Haene
Managing director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Monseigneur De Haernelaan(Kor) 60
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.932.828
- VAT number
- BE 0437.932.828
- Registered office
- Monseigneur De Haernelaan(Kor) 60, 8500 Kortrijk
- Names & denominations
- H.E.D.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 1989
- Peppol
- Not registered