ACTIVE

HERMANS

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Financial year 2025 · closed on 31/12/2025

Net result

-37,6 k €

-218.6% YoY

Gross margin

126,5 k €

-32.5% YoY

Equity

164,8 k €

-61.6% YoY

Workforce

1,8 ETP

0.0% YoY

What does HERMANS do?

HERMANS is a Private limited company incorporated in 1996. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Bonheiden. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.706.268

Incorporation

03/09/1996

Legal form

Private limited company

Registered office

Bruinbeekstraat 29
2820 Bonheiden · FlandreSee on map

Contributed capital

6 207,99 €

Latest accounts

31/12/2025

Average workforce

1,8 ETP

Activities (NACE)

10711Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10711Manufacture of bread; manufacture of fresh pastry goods and cakes 15811Manufacture of leather and related products 46360Wholesale of sugar and chocolate and sugar confectionery 46360Wholesale of sugar and chocolate and sugar confectionery

Joint committees (4)

Signals

Low riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	126,5 k €	-32.5%	187,4 k €	-40.4%	314,7 k €	+36.7%	230,3 k €	+72.8%	133,3 k €	+11.1%	120 k €	-17.8%	145,9 k €	-4.6%	153 k €	+21.0%	126,4 k €	-8.0%	137,4 k €	-6.0%	146,1 k €	+15.0%	127 k €	-11.3%	143,2 k €	-20.5%	180,1 k €	+31.4%	137,1 k €	-9.7%	151,7 k €	-0.8%	153 k €	-6.9%	164,3 k €	-3.7%	170,6 k €	-2.8%	175,5 k €
EBITDA	43,7 k €	-54.8%	96,6 k €	-60.6%	245,1 k €	+40.0%	175,2 k €	+80.7%	96,9 k €	+36.4%	71,1 k €	+14.6%	62 k €	-11.6%	70,1 k €	+71.9%	40,8 k €	-31.3%	59,4 k €	-10.1%	66 k €	+35.6%	48,7 k €	-37.8%	78,2 k €	-22.4%	100,8 k €	+68.9%	59,7 k €	-26.9%	81,6 k €	-0.3%	81,9 k €	-12.8%	93,9 k €	-9.5%	103,7 k €	-7.8%	112,4 k €
Operating result	-36,5 k €	-179%	46,4 k €	-75.2%	186,9 k €	+35.9%	137,5 k €	+153%	54,2 k €	+59.2%	34,1 k €	+32.1%	25,8 k €	-34.6%	39,4 k €	+473%	6,9 k €	-74.7%	27,2 k €	-10.6%	30,4 k €	+75.6%	17,3 k €	-54.5%	38,1 k €	-23.3%	49,6 k €	+185%	17,4 k €	-55.0%	38,7 k €	+10.7%	35 k €	-29.5%	49,6 k €	+10.7%	44,8 k €	-6.4%	47,9 k €
Net result	-37,6 k €	-219%	31,7 k €	-74.3%	123,6 k €	+34.4%	91,9 k €	+170%	34,1 k €	+49.7%	22,8 k €	+65.6%	13,7 k €	-44.5%	24,8 k €	+1174%	-2,3 k €	-119%	12 k €	-14.4%	14 k €	+144%	5,7 k €	-68.8%	18,4 k €	-31.4%	26,8 k €	+495%	4,5 k €	-69.8%	14,9 k €	+45.2%	10,3 k €	-55.1%	22,8 k €	+13.6%	20,1 k €	-5.0%	21,1 k €
Balance sheet
Equity	164,8 k €	-61.6%	428,9 k €	+8.0%	397,2 k €	+5.1%	378,1 k €	+32.1%	286,1 k €	+13.5%	252,1 k €	+9.9%	229,3 k €	+6.4%	215,6 k €	+13.0%	190,8 k €	-1.2%	193,1 k €	+6.6%	181,1 k €	+8.4%	167,1 k €	+3.5%	161,4 k €	+4.4%	154,6 k €	+20.9%	127,9 k €	+3.6%	123,4 k €	+13.7%	108,5 k €	+10.4%	98,2 k €	+30.3%	75,4 k €	+36.3%	55,3 k €
Total assets	937,3 k €	+8.6%	863,3 k €	+2.3%	843,5 k €	+14.4%	737,4 k €	+13.3%	651 k €	+12.7%	577,7 k €	+6.4%	543,1 k €	-0.4%	545,1 k €	+8.1%	504,3 k €	-5.6%	534,3 k €	+6.5%	501,7 k €	-9.2%	552,3 k €	+3.4%	534,2 k €	-14.2%	622,3 k €	+4.4%	595,8 k €	+5.8%	563,3 k €	-10.0%	625,6 k €	-4.8%	657,2 k €	+7.3%	612,5 k €	-11.1%	688,6 k €
Cash	291,9 k €	+101%	145,5 k €	-29.0%	205,1 k €	+74.7%	117,4 k €	+41.4%	83 k €	-31.0%	120,3 k €	+59.9%	75,2 k €	+40.8%	53,4 k €	+114%	25 k €	-40.2%	41,7 k €	+42.1%	29,4 k €	-22.3%	37,8 k €	+81.0%	20,9 k €	-55.4%	46,8 k €	+125%	20,8 k €	+38.3%	15 k €	-77.5%	66,8 k €	+273%	17,9 k €	-63.3%	48,7 k €	+75.4%	27,8 k €
Debts	772,5 k €	+77.9%	434,2 k €	-2.7%	446,2 k €	+24.2%	359,2 k €	-1.5%	364,6 k €	+12.1%	325,4 k €	+3.8%	313,6 k €	-4.8%	329,2 k €	+5.0%	313,5 k €	-8.1%	341,2 k €	+6.4%	320,6 k €	-16.8%	385,1 k €	+3.3%	372,6 k €	-20.3%	467,6 k €	-0.1%	467,9 k €	+6.4%	440 k €	-14.9%	517,1 k €	-7.5%	559 k €	+6.0%	527,3 k €	-15.6%	624,9 k €
Other
Workforce	1,8 ETP	0.0%	1,8 ETP	+28.6%	1,4 ETP	+16.7%	1,2 ETP	-25.0%	1,6 ETP	-20.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-16.7%	2,4 ETP	+20.0%	2,0 ETP	-9.1%	2,2 ETP	+4.8%	2,1 ETP	0.0%	2,1 ETP	-4.5%	2,2 ETP	+10.0%	2,0 ETP	-9.1%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 4 ended

Active mandates

HERMANS

Director · since 28 août 2025 · 0458.706.268

Represented by NICOLAS HERMANS

Active

KRISTEL VERBRUGGEN

Director

Active

NICOLAS HERMANS

Director · until 28 août 2025

Active

STEPHAN HERMANS

Director

Active

Ended mandates

KRISTEL VEBRUGGEN

Manager

Ended

KRISTEL VERBRUGGEN

Manager

Ended

NICOLAS HERMANS

Director

Ended

STEPHAN HERMANS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
HERinvest● Active	1024.880.719

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/07/2026	09/07/2025	30/07/2024	31/08/2023	30/08/2022	30/08/2021
General meeting	30/06/2026	25/06/2025	30/06/2024	26/06/2023	25/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	25/06/2025	09/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	29/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	04/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	29/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	10/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 4 ended

Active mandates

HERMANS

Director · since 28 août 2025 · 0458.706.268

Represented by NICOLAS HERMANS

Active

KRISTEL VERBRUGGEN

Director

Active

NICOLAS HERMANS

Director · until 28 août 2025

Active

STEPHAN HERMANS

Director

Active

Ended mandates

KRISTEL VEBRUGGEN

Manager

Ended

KRISTEL VERBRUGGEN

Manager

Ended

NICOLAS HERMANS

Director

Ended

STEPHAN HERMANS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/02/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares07/01/2014
KAPITAAL - AANDELEN
PDF
Capital / shares16/12/2005
KAPITAAL - AANDELEN
PDF
Mandates10/03/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-37,6 k €↓
2024
Annual accounts 202431,7 k €↓
2023
Annual accounts 2023123,6 k €↑
2022
Annual accounts 202291,9 k €↑
2021
Annual accounts 202134,1 k €↑
2020
Annual accounts 202022,8 k €↑
2019
Annual accounts 201913,7 k €↓
2018
Annual accounts 201824,8 k €↑
2017
Annual accounts 2017-2,3 k €↓
2016
Annual accounts 201612 k €↓
2015
Annual accounts 201514 k €↑
2014
Annual accounts 20145,7 k €↓
2013
Annual accounts 201318,4 k €↓
2012
Annual accounts 201226,8 k €↑
2011
Annual accounts 20114,5 k €↓
2010
Annual accounts 201014,9 k €↑
2009
Annual accounts 200910,3 k €↓
2008
Annual accounts 200822,8 k €↑
2007
Annual accounts 200720,1 k €↓
2006
Annual accounts 200621,1 k €
03/09/1996
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HERMANS

Overview

What does HERMANS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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