ACTIVE

Hermes Infrastructure

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Financial year 2025 · closed on 31/12/2025
Net result
447,8 k €
+11.4% YoY
Revenue
30,9 M €
+886.7% YoY
Equity
1,5 M €
+42.5% YoY

What does Hermes Infrastructure do?

Hermes Infrastructure is a Public limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0568.716.146
Incorporation
14/01/2015
Legal form
Public limited company
Registered office
Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
41102Development of building projects· main68122Buying and selling of own real estate42110Construction of roads and motorways42110Construction of roads and motorways42212Construction of utility projects for fluids42212Construction of utility projects for fluids
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Revenue30,9 M €3,1 M €6,6 M €2,9 M €2,6 M €2,7 M €2,3 M €3,2 M €38,2 M €31,5 M €243,5 k €
EBITDA292 k €994,8 k €292,2 k €255,2 k €193,3 k €229,8 k €59,3 k €140,4 k €480 k €1,1 M €1,9 M €
Operating result292 k €994,8 k €292,2 k €255,2 k €193,3 k €229,8 k €59,3 k €140,4 k €480 k €1,1 M €1,9 M €
Net result447,8 k €402,1 k €344,2 k €319,5 k €273,2 k €309,5 k €184,7 k €250,4 k €375,9 k €161,1 k €-27,6 k €
Balance sheet
Equity1,5 M €1,1 M €652,4 k €308,2 k €188,7 k €115,5 k €1 M €821,3 k €570,8 k €194,9 k €33,9 k €
Total assets81,2 M €69 M €57,1 M €58,3 M €59,5 M €61,4 M €63,6 M €65,5 M €67,5 M €63,7 M €30,9 M €
Cash1,7 M €8,4 M €2,1 M €1,9 M €1,6 M €1,5 M €1,9 M €1,6 M €1,6 M €986,6 k €17,6 k €
Debts77,4 M €65,8 M €54,6 M €56,7 M €58,1 M €60,3 M €61,9 M €64,1 M €66,4 M €63,5 M €30,8 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 16 ended

Active mandates

Benoît THEYS

Director · since 17 avril 2024 · until 17 avril 2030

Active
Gilles EMOND

Director · since 17 avril 2024 · until 17 avril 2030

Active
Kirsten DEKNOP

Director · since 17 avril 2024 · until 17 avril 2030

Active
MARC VAN BEGIN

Director · since 17 avril 2024 · until 17 avril 2030 · 0864.979.583

Represented by Marc VAN BEGIN

Active

Ended mandates

Benoît THEYS

Director · since 15 avril 2020 · until 17 avril 2024

Ended
Kirsten DEKNOP

Director · since 15 avril 2020 · until 17 avril 2024

Ended
MARC VAN BEGIN

Director · since 15 avril 2020 · until 17 avril 2024 · 0864.979.583

Represented by Marc VAN BEGIN

Ended
Kirsten DEKNOP

Director · since 03 septembre 2019 · until 15 avril 2020

Ended
At this address

Other companies at this address

CompanyCBE no.
ACA WERKRUIMTE● Active
0872.389.987
AG FINANCE● Active
0466.967.995
AG REAL ESTATE● Active
0403.231.968
AG Real Estate Asset Management● Active
0460.912.920
AG REAL ESTATE CAR PARK● Active
1010.617.858
AG REAL ESTATE CO-PRODUCTION IN DEVELOPMENT● Active
0825.540.571
AG REAL ESTATE COPRODUCTION IN DEVELOPMENT 2● Active
1009.685.767
AG REAL ESTATE FINANCE● Active
0445.949.679
AG REAL ESTATE LAND● Active
0417.389.515
AG Real Estate Projects● Active
0632.680.619
AG Real Estate Property Management● Active
0450.100.190
AG REAL ESTATE SHARED SERVICES● Active
0472.969.525
AG REAL ESTATE WESTINVEST● Active
0841.798.563
AG Real Estate Westloan● Active
0871.397.025
AG RE OFFICE INVEST I● Active
0747.926.418
AG Residential● Active
0794.337.651
AIRPORT DEVELOPMENT● Active
0694.728.846
Ambassade du Canada● Active
0933.395.762
ARLON 53● Active
0743.427.893
AXS NAMUR 2● Active
0715.892.563
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/04/202629/04/202529/04/202425/04/202309/05/202226/04/2021
General meeting15/04/202616/04/202517/04/202419/04/202320/04/202221/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/04/202622/04/2026DutchPDF
Full model31/12/202416/04/202529/04/2025DutchPDF
Full model31/12/202317/04/202429/04/2024DutchPDF
Full model31/12/202219/04/202325/04/2023DutchPDF
Full model31/12/202120/04/202209/05/2022DutchPDF
Full model31/12/202021/04/202126/04/2021DutchPDF
Full model31/12/201915/04/202004/05/2020DutchPDF
Full model31/12/201817/04/201925/04/2019DutchPDF
Full model31/12/201718/04/201825/04/2018DutchPDF
Full model31/12/201619/04/201718/05/2017DutchPDF
Full model31/12/201520/04/201608/07/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 16 ended

Active mandates

Benoît THEYS

Director · since 17 avril 2024 · until 17 avril 2030

Active
Gilles EMOND

Director · since 17 avril 2024 · until 17 avril 2030

Active
Kirsten DEKNOP

Director · since 17 avril 2024 · until 17 avril 2030

Active
MARC VAN BEGIN

Director · since 17 avril 2024 · until 17 avril 2030 · 0864.979.583

Represented by Marc VAN BEGIN

Active

Ended mandates

Benoît THEYS

Director · since 15 avril 2020 · until 17 avril 2024

Ended
Kirsten DEKNOP

Director · since 15 avril 2020 · until 17 avril 2024

Ended
MARC VAN BEGIN

Director · since 15 avril 2020 · until 17 avril 2024 · 0864.979.583

Represented by Marc VAN BEGIN

Ended
Kirsten DEKNOP

Director · since 03 septembre 2019 · until 15 avril 2020

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/12/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates25/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/11/2017
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025447,8 k €↑
  2. 2024
    Annual accounts 2024402,1 k €↑
  3. 17/04/2024
    nominationGilles Emond — bestuurder
  4. 17/04/2024
    reconductionBV Marc Van Begin — bestuurder
  5. 17/04/2024
    reconductionBenoit Theys — bestuurder
  6. 17/04/2024
    reconductionKirsten Deknop — bestuurder
  7. 17/04/2024
    reconductionBV F.C.G. Bedrijfsrevisoren — commissaris
  8. 2023
    Annual accounts 2023344,2 k €↑
  9. 2022
    Annual accounts 2022319,5 k €↑
  10. 2021
    Annual accounts 2021273,2 k €↓
  11. 2020
    Annual accounts 2020309,5 k €↑
  12. 2019
    Annual accounts 2019184,7 k €↓
  13. 2018
    Annual accounts 2018250,4 k €↓
  14. 2017
    Annual accounts 2017375,9 k €↑
  15. 2016
    Annual accounts 2016161,1 k €↑
  16. 2015
    Annual accounts 2015-27,6 k €
  17. 14/01/2015
    IncorporationPublic limited company