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 12 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
SOCIETE DES GALERIES ROYALES SAINT-HUBERT from Brussel, company number BE0452068302, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year SOCIETE DES GALERIES ROYALES SAINT-HUBERT recorded a gross margin of € 5.7 million and equity of € 40 million. Compared with financial year 2024, the result moved from € 1.1 million to € 1.5 million. Profitable, and profit is growing. 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 8, 2026.
€ 40 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 45% vs 2024
Profit after tax over the fiscal year.
€ 82,644
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 460,340 paid out
30 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.6
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 281,009
▲ 30% vs 2024
€ 108,100 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.
€ 103,880
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 41.3 million
▼ 4% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 600,649
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 213,426
▲ 296% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,158,928 | € 5,024,144 | € 5,038,271 | € 5,669,512 | ▲ 13% |
| Profit after taxes | € 1,214,931 | € 1,703,832 | € 1,063,163 | € 1,543,330 | ▲ 45% |
| Equity | € 36,775,916 | € 37,875,123 | € 38,877,614 | € 39,997,516 | ▲ 3% |
| Total debts | € 42,692,823 | € 45,809,645 | € 45,448,969 | € 43,792,772 | ▼ 4% |
| Cash | € 629,614 | € 444,493 | € 197,666 | € 82,644 | ▼ 58% |
| Land & buildings | € 56,145,206 | € 55,031,381 | € 65,091,102 | € 67,154,352 | ▲ 3% |
| Retained profit | € 5,983,347 | € 7,214,771 | € 8,357,934 | € 9,520,924 | ▲ 14% |
| Dividend | € 491,029 | € 552,407 | € 0 | € 460,340 | |
| Bank debt | € 40,661,114 | € 43,323,906 | € 43,003,078 | € 41,308,323 | ▼ 4% |
| Balance sheet total | € 79,468,739 | € 83,684,768 | € 84,326,583 | € 83,790,288 | ▼ 1% |
| Employees (FTE) | 1.8 | 1.8 | 1.9 | 2.6 | ▲ 0.7 |
Key figures of SOCIETE DES GALERIES ROYALES SAINT-HUBERT, 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 SOCIETE DES GALERIES ROYALES SAINT-HUBERT?
What happened at SOCIETE DES GALERIES ROYALES SAINT-HUBERT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippine Grosjean stepped down as director. NBB
- Guillaume Vanderfelt stepped down as director. NBB
- Gauthier Cruysmans stepped down as director. NBB
- Antoine Grosjean stepped down as director. NBB
- Florence Architecte SRL stepped down as director. NBB
- Eric de Villers Grandchamps stepped down as director. NBB
- Guillaume Coppée stepped down as director. NBB
- Vanessa Lippens stepped down as director. NBB
In short
From € 1.2 million profit in 2022 to € 1.5 million profit in 2025.
Paid € 1 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.7 million profit.
On average € 2.2 million of value added per employee in 2025.
Management
The stake of ASYMPTOTE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SOCIETE DES GALERIES ROYALES SAINT-HUBERTThe shares are held by FINAIMMO , Société Anonyme (46.4%) and ASYMPTOTE (1.9%). It owns 100% of SAINT HUBERT EXPLOITATION, 99.5% of VAUDEVILLE and 25% of GALERIES itself.
Directors
According to the 2025 annual accounts
Anne del Marmol
Director
since 2024 · until 2026
since 2024 · until 2029
Guillaume Vanderfelt
Director
since 2024 · until 2029
Gauthier Cruysmans
Chairman of the board
Also active at: SAINT-HUBERT EXPLOITATION, TIHON & CIE, VAUDEVILLE ESTATE, Futerro Holding, Jathus
since 2024 · until 2029
Antoine Grosjean
Director
since 2024 · until 2029
Director · represented by Florence Hoorickx
Also active at: SAINT-HUBERT EXPLOITATION, VAUDEVILLE ESTATE
since 2024 · until 2029
Eric de Villers Grandchamps
Vice-chairman of the board
since 2024 · until 2029
Guillaume Coppée
Director
since 2024 · until 2029
Vanessa Lippens
Director
since 2024 · until 2029
Shareholders
1.9%
Participations
Establishments
Establishment units
Physical locations of this company
Koningsgalerij 5
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.068.302
- VAT number
- BE 0452.068.302
- Registered office
- Koningsgalerij 5, 1000 Brussel
- Names & denominations
- SOCIETE DES GALERIES ROYALES SAINT-HUBERT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1993
- Peppol
- Active · Active since 8 Aug 2025
- Activities · NACE
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