ACTIVE

HERBALGEM

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Financial year 2025 · Closed on 31/12/2025

Net result4,7 M €+11,7 %over 1 year

Revenue10,8 M €+8,8 %over 1 year

Equity2,3 M €0,0 %over 1 year

Workforce13,3 ETP-15,3 %over 1 year

Identity

Source · BCE/KBO

HERBALGEM is a Public limited company incorporated in 1986. Its main activity is: Growing of rice. Its registered office is in Vielsalm. It employs on average 13,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0428.484.929
Incorporation: 06/02/1986
Legal form: Public limited company
Registered office: Place des Chasseurs Ardennais S/N
6690 Vielsalm · WallonieSee on map
Contributed capital: 96 910,07 €
Latest accounts: 31/12/2025
Average workforce: 13,3 ETP

Activities (NACE)

01121Growing of rice· main 01130Growing of vegetables and melons, roots and tubers 01130Growing of vegetables and melons, roots and tubers 20530Manufacture of essential oils 20590Manufacture of other chemical products n.e.c.46220Wholesale of flowers and plants+5

Joint committees (5)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	10,8 M €	+8.8%	9,9 M €	-22.0%	12,7 M €	+12.7%	11,3 M €	+26.0%	8,9 M €
EBITDA	6,7 M €	+16.4%	5,8 M €	-25.9%	7,8 M €	+17.8%	6,6 M €	+20.9%	5,5 M €
Operating result	6,4 M €	+14.8%	5,6 M €	-27.0%	7,7 M €	+20.0%	6,4 M €	+20.5%	5,3 M €
Net result	4,7 M €	+11.7%	4,2 M €	-27.5%	5,9 M €	+18.4%	5 M €	+19.5%	4,1 M €
Balance sheet
Equity	2,3 M €	0.0%	2,3 M €	0.0%	2,3 M €	-64.3%	6,4 M €	+0.0%	6,4 M €
Total assets	8 M €	-3.0%	8,3 M €	-81.2%	44 M €	+17.4%	37,4 M €	+16.1%	32,2 M €
Cash	450,5 k €	+37.4%	327,9 k €	-52.0%	683,6 k €	+34.1%	509,9 k €	-13.7%	590,8 k €
Debts	5,7 M €	-5.0%	6 M €	-85.7%	41,7 M €	+34.7%	30,9 M €	+19.9%	25,8 M €
Other
Workforce	13,3 ETP	-15.3%	15,7 ETP	-14.7%	18,4 ETP	-15.2%	21,7 ETP	+11.9%	19,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
INULA0833.570.389Represented by Stéphanie GHEYSENS	Managing director11/12/2018 → 15/06/2029
Inula Holding SASRepresented by Paul-François COSSA	Managing director11/12/2018 → 15/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christine Le Flecher	Managing director22/12/2023 → 2024 accounts
Stéphanie Gheysens	Director23/09/2022 → 2022 accounts
INULA HOLDING0718.706.355Represented by Sergio CALANDRI	Managing director11/12/2018 → 2018 accounts
Cedric Olbrechts	Director26/05/2017 → 11/12/2018

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	23/06/2025	24/06/2024	07/04/2023	17/06/2022	22/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	24/03/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	25/06/2026	French	PDF
Full model	31/12/2024	20/06/2025	23/06/2025	French	PDF
Full model	31/12/2023	21/06/2024	24/06/2024	French	PDF
Full model	31/12/2022	24/03/2023	07/04/2023	French	PDF
Full model	31/12/2021	27/05/2022	17/06/2022	French	PDF
Full model	31/12/2020	28/05/2021	22/06/2021	French	PDF
Full model	31/12/2019	29/05/2020	09/06/2020	French	PDF
Full model	31/12/2018	31/05/2019	01/08/2019	French	PDF
Full model	31/12/2017	25/05/2018	05/07/2018	French	PDF
Full modelCorrection	31/12/2016	26/05/2017	29/08/2017	French	PDF
Full model	31/12/2016	26/05/2017	10/07/2017	French	PDF
Full model	31/12/2015	27/05/2016	27/06/2016	French	PDF
Full model	31/12/2014	29/05/2015	15/07/2015	French	PDF
Full model	31/12/2013	30/05/2014	28/07/2014	French	PDF
Full model	31/12/2012	25/03/2013	27/05/2013	French	PDF
Full modelCorrection	31/12/2011	23/03/2012	31/08/2012	French	PDF
Full model	31/12/2011	23/03/2012	04/05/2012	French	PDF
Full model	31/12/2010	16/03/2011	17/05/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	22/05/2009	06/08/2009	French	PDF
Abridged model	31/12/2007	05/04/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	30/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
INULA0833.570.389Represented by Stéphanie GHEYSENS	Managing director11/12/2018 → 15/06/2029
Inula Holding SASRepresented by Paul-François COSSA	Managing director11/12/2018 → 15/06/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christine Le Flecher	Managing director22/12/2023 → 2024 accounts
Stéphanie Gheysens	Director23/09/2022 → 2022 accounts
INULA HOLDING0718.706.355Represented by Sergio CALANDRI	Managing director11/12/2018 → 2018 accounts
Cedric Olbrechts	Director26/05/2017 → 11/12/2018

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/07/2026
Réelection du commissaire
PDF
Mandates25/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates15/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates08/11/2022
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates20/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates29/12/2021
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

INULA

Inula Holding SAS

Christine Le Flecher

Stéphanie Gheysens

INULA HOLDING

Pesio

DMBB

Pol Breda

Cedric Olbrechts

Mathieu De Medeiros

INDUFIN

S&V PARTNERS

Show the 3 other mandates

19861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

HERBALGEM

Place des Chasseurs Ardennais 6, 6690 Vielsalm

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Place des Chasseurs Ardennais S/N, 6690 VielsalmCurrent		CBE
Place des Chasseurs Ardennais 6, 6690 Vielsalm	accounts 2022 → 2025	Accounts 2025 · 2026-00199619
Place des Chasseurs Ardennais S/N, 6690 Vielsalm	accounts 2021	Accounts 2021 · 2022-20069509

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HERBALGEMCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00199619

Events

2025
Annual accounts 20254,7 M €↑
2024
Annual accounts 20244,2 M €↓
2023
Annual accounts 20235,9 M €↑
2022
Annual accounts 20225 M €↑
2021
Annual accounts 20214,1 M €↓
2020
Annual accounts 20205,6 M €↑
2019
Annual accounts 20193,6 M €↓
2018
Annual accounts 20183,9 M €↑
2017
Annual accounts 20173,3 M €↓
2014
Annual accounts 20143,7 M €↑
2013
Annual accounts 20132,8 M €↑
2012
Annual accounts 20122,5 M €↑
2011
Annual accounts 20112,2 M €↑
2010
Annual accounts 20102 M €↑
2009
Annual accounts 20091,6 M €↑
2008
Annual accounts 20081,4 M €↑
2007
Annual accounts 2007837,1 k €↑
2006
Annual accounts 2006545,1 k €
06/02/1986
IncorporationPublic limited company

HERBALGEM

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events