ACTIVE

Hermès-e ou HERMES ENGINEERING

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Financial year 2025 · closed on 30/09/2025

Net result

36,3 k €

-30.8% YoY

Gross margin

34,1 k €

+43.2% YoY

Equity

4,9 M €

+0.8% YoY

What does Hermès-e ou HERMES ENGINEERING do?

Hermès-e ou HERMES ENGINEERING is a Public limited company incorporated in 2003. Its main activity is: Market research and public opinion polling. Its registered office is in Nivelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.367.711

Incorporation

23/12/2003

Legal form

Public limited company

Registered office

Rue de l'Industrie 0
1400 Nivelles · WallonieSee on map

Contributed capital

124 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	34,1 k €	+43.2%	23,8 k €	-91.7%	285,9 k €	-1.3%	289,7 k €	+3438%	-8,7 k €	-102%	432,5 k €	+24.1%	348,6 k €	+17.0%	298 k €	+206%	97,5 k €	+7044%	-1,4 k €	+33.8%	-2,1 k €	-101%	298,4 k €	-25.1%	398,6 k €	+136%	168,6 k €	+13.2%	148,9 k €	-79.3%	719,7 k €	+23930%	-3 k €	-100%	699,5 k €	+75.5%	398,7 k €
EBITDA	33 k €	+46.1%	22,6 k €	-92.1%	284,9 k €	+17.4%	242,7 k €	+2628%	-9,6 k €	-102%	431,5 k €	+24.1%	347,6 k €	+17.0%	297 k €	+208%	96,6 k €	+4163%	-2,4 k €	+21.8%	-3 k €	-101%	297,5 k €	-25.2%	397,7 k €	+137%	167,7 k €	+13.3%	148 k €	-79.4%	718,8 k €	+18662%	-3,9 k €	-101%	698,7 k €	+75.6%	397,8 k €
Operating result	33 k €	+46.1%	22,6 k €	-92.1%	284,9 k €	+17.4%	242,7 k €	+2628%	-9,6 k €	-102%	431,5 k €	+24.1%	347,6 k €	+17.0%	297 k €	+208%	96,6 k €	+4163%	-2,4 k €	+21.8%	-3 k €	-101%	297,5 k €	-25.2%	397,7 k €	+137%	167,7 k €	+13.3%	148 k €	-79.4%	718,8 k €	+18662%	-3,9 k €	-101%	698,7 k €	+75.6%	397,8 k €
Net result	36,3 k €	-30.8%	52,5 k €	-61.6%	136,7 k €	+27.4%	107,3 k €	+162%	-172,4 k €	-163%	271,5 k €	+23.5%	219,8 k €	+95.0%	112,7 k €	+291%	-59 k €	+74.0%	-227,2 k €	-7.8%	-210,7 k €	-352%	83,6 k €	+56.7%	53,3 k €	+436%	-15,9 k €	+93.2%	-234,5 k €	-195%	247,8 k €	+14.8%	215,9 k €	-47.6%	412,1 k €	+85.4%	222,3 k €
Balance sheet
Equity	4,9 M €	+0.8%	4,8 M €	+1.1%	4,8 M €	+2.9%	4,6 M €	+2.4%	4,5 M €	-3.7%	4,7 M €	+6.1%	4,4 M €	+5.2%	4,2 M €	+2.8%	4,1 M €	-1.4%	4,2 M €	-5.2%	4,4 M €	-4.6%	4,6 M €	+1.9%	4,5 M €	+1.2%	4,5 M €	-0.4%	4,5 M €	-5.0%	4,7 M €	+5.6%	4,5 M €	+5.1%	4,2 M €	+10.8%	3,8 M €
Total assets	6,7 M €	-0.0%	6,7 M €	-30.8%	9,6 M €	-13.3%	11,1 M €	-0.1%	11,1 M €	-0.1%	11,1 M €	-2.2%	11,4 M €	+1.0%	11,3 M €	+2.7%	11 M €	-4.1%	11,4 M €	+0.8%	11,3 M €	-8.1%	12,3 M €	-0.9%	12,4 M €	-5.9%	13,2 M €	-1.6%	13,4 M €	-0.2%	13,5 M €	-2.4%	13,8 M €	-3.9%	14,4 M €	+14.6%	12,5 M €
Cash	29,5 k €	-95.7%	678,6 k €	-80.9%	3,5 M €	-29.6%	5 M €	+25.6%	4 M €	-1.3%	4,1 M €	-18.1%	5 M €	-2.9%	5,1 M €	+6.2%	4,8 M €	-8.7%	5,3 M €	+0.5%	5,2 M €	-15.9%	6,2 M €	-3.9%	6,5 M €	-10.8%	7,3 M €	-2.9%	7,5 M €	-0.4%	7,5 M €	-4.2%	7,9 M €	+1140%	633,6 k €	+72.7%	366,9 k €
Debts	1,4 k €	0.0%	1,4 k €	-100.0%	3 M €	-25.0%	4 M €	-2.4%	4,1 M €	0.0%	4,1 M €	-14.2%	4,8 M €	-6.0%	5,1 M €	-0.0%	5,1 M €	-10.1%	5,6 M €	+1.3%	5,6 M €	-15.7%	6,6 M €	-6.4%	7,1 M €	-15.3%	8,3 M €	+4.1%	8 M €	-3.1%	8,3 M €	-2.5%	8,5 M €	-4.7%	8,9 M €	+12.0%	7,9 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 23 ended

Active mandates

Philippe PAQUES

Managing director · since 21 novembre 2023

Active

Ended mandates

Bryan PAQUES

Director · since 24 février 2021 · until 21 novembre 2023

Ended

Bryan PAQUES

Director · since 24 février 2021 · until 24 février 2027

Ended

Philippe PAQUES

Director · since 24 février 2021 · until 24 février 2027

Ended

ENGINEERING CONSULTANCY SERVICES HERMES

Director · since 18 février 2015 · until 19 février 2020 · 0449.330.625

Represented by PHILIPPE PAQUES

Ended

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/03/2026	28/03/2025	05/04/2024	31/03/2023	25/03/2022	23/03/2021
General meeting	13/03/2026	13/03/2025	19/03/2024	15/03/2023	16/03/2022	24/02/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	13/03/2026	20/03/2026	French	PDF
Abridged model	30/09/2024	13/03/2025	28/03/2025	French	PDF
Abridged model	30/09/2023	19/03/2024	05/04/2024	French	PDF
Abridged model	30/09/2022	15/03/2023	31/03/2023	French	PDF
Abridged model	30/09/2021	16/03/2022	25/03/2022	French	PDF
Abridged model	30/09/2020	24/02/2021	23/03/2021	French	PDF
Abridged modelCorrection	30/09/2019	19/02/2020	04/09/2020	French	PDF
Abridged model	30/09/2019	19/02/2020	28/04/2020	French	PDF
Micro model	30/09/2018	20/02/2019	06/03/2019	French	PDF
Micro model	30/09/2017	21/02/2018	15/03/2018	French	PDF
Abridged model	30/09/2016	15/02/2017	27/02/2017	French	PDF
Abridged model	30/09/2015	17/02/2016	14/03/2016	French	PDF
Abridged model	30/09/2014	18/02/2015	26/03/2015	French	PDF
Abridged model	30/09/2013	19/02/2014	28/04/2014	French	PDF
Abridged model	30/09/2012	20/02/2013	26/03/2013	French	PDF
Abridged model	30/09/2011	15/02/2012	24/04/2012	French	PDF
Abridged model	30/09/2010	16/02/2011	25/02/2011	French	PDF
Abridged model	30/09/2009	17/02/2010	16/04/2010	French	PDF
Abridged model	30/09/2008	18/02/2009	31/03/2009	French	PDF
Abridged model	30/09/2007	20/02/2008	18/03/2008	French	PDF
Abridged model	30/09/2006	21/02/2007	13/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 23 ended

Active mandates

Philippe PAQUES

Managing director · since 21 novembre 2023

Active

Ended mandates

Bryan PAQUES

Director · since 24 février 2021 · until 21 novembre 2023

Ended

Bryan PAQUES

Director · since 24 février 2021 · until 24 février 2027

Ended

Philippe PAQUES

Director · since 24 février 2021 · until 24 février 2027

Ended

ENGINEERING CONSULTANCY SERVICES HERMES

Director · since 18 février 2015 · until 19 février 2020 · 0449.330.625

Represented by PHILIPPE PAQUES

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/02/2024
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2009
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/01/2007
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other02/01/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202536,3 k €↓
2024
Annual accounts 202452,5 k €↓
2023
Annual accounts 2023136,7 k €↑
2022
Annual accounts 2022107,3 k €↑
2021
Annual accounts 2021-172,4 k €↓
2020
Annual accounts 2020271,5 k €↑
2019
Annual accounts 2019219,8 k €↑
2018
Annual accounts 2018112,7 k €↑
2017
Annual accounts 2017-59 k €↑
2016
Annual accounts 2016-227,2 k €↓
2015
Annual accounts 2015-210,7 k €↓
2014
Annual accounts 201483,6 k €↑
2013
Annual accounts 201353,3 k €↑
2012
Annual accounts 2012-15,9 k €↑
2011
Annual accounts 2011-234,5 k €↓
2010
Annual accounts 2010247,8 k €↑
2009
Annual accounts 2009215,9 k €↓
2008
Annual accounts 2008412,1 k €↑
2007
Annual accounts 2007222,3 k €
23/12/2003
IncorporationPublic 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

Hermès-e ou HERMES ENGINEERING

Overview

What does Hermès-e ou HERMES ENGINEERING do?

Trend over 19 financial years

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