ACTIVE

HERMAN FINANCE

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Financial year 2025 · closed on 30/09/2025

Net result

1,8 M €

+342.2% YoY

Gross margin

2,7 M €

+224.2% YoY

Equity

8,2 M €

+27.4% YoY

Workforce

1,0 ETP

-23.1% YoY

What does HERMAN FINANCE do?

HERMAN FINANCE is a Private limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Torhout. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.540.892

Incorporation

26/02/2007

Legal form

Private limited company

Registered office

Ieperse Heerweg 41
8820 Torhout · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 01430Raising of horses and other equines 01430Raising of horses and other equines 64200Activities of holding companies+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,7 M €	+224%	832,3 k €	+24.8%	666,6 k €	-76.1%	2,8 M €	+167%	1 M €	+17.7%	887,8 k €	+44.5%	614,3 k €	+191%	211,5 k €	+90.9%	110,8 k €	-67.5%	341 k €	+39.1%	245,2 k €	+162%	93,5 k €	+139%	39,2 k €	-55.0%	87,1 k €	-39.0%	142,8 k €	+17.1%	121,9 k €	+4.8%	116,3 k €	-45.1%	211,7 k €
EBITDA	2,5 M €	+242%	736,8 k €	+38.3%	532,5 k €	-80.2%	2,7 M €	+175%	975,1 k €	+19.5%	816 k €	+47.8%	552,1 k €	+248%	158,8 k €	+220%	49,7 k €	-82.5%	284,2 k €	+46.1%	194,5 k €	+370%	41,4 k €	+381%	-14,7 k €	-123%	63,4 k €	-17.9%	77,2 k €	+38.8%	55,6 k €	-51.7%	115,2 k €	-45.2%	210,2 k €
Operating result	2,4 M €	+308%	578,8 k €	+75.9%	329,1 k €	-87.2%	2,6 M €	+204%	843,3 k €	+18.8%	710 k €	+65.3%	429,4 k €	+904%	42,8 k €	+164%	-66,4 k €	-152%	127 k €	+14.3%	111,1 k €	+33073%	-337 €	+99.5%	-65,7 k €	-444%	19,1 k €	-44.3%	34,3 k €	+15.2%	29,8 k €	-68.0%	92,9 k €	-36.5%	146,4 k €
Net result	1,8 M €	+342%	397,4 k €	+71.5%	231,7 k €	-90.3%	2,4 M €	+224%	739,5 k €	+30.5%	566,6 k €	+90.2%	297,9 k €	+7482%	3,9 k €	-99.1%	443,1 k €	-6.5%	473,7 k €	+310%	115,6 k €	-81.1%	613,2 k €	+709%	-100,7 k €	-2191%	4,8 k €	+274%	-2,8 k €	-17.9%	-2,4 k €	-108%	28,8 k €	-57.1%	67,1 k €
Balance sheet
Equity	8,2 M €	+27.4%	6,4 M €	+6.6%	6 M €	+4.0%	5,8 M €	+70.4%	3,4 M €	+27.8%	2,7 M €	+27.1%	2,1 M €	+16.6%	1,8 M €	+0.2%	1,8 M €	+32.9%	1,3 M €	+54.2%	873,7 k €	+15.2%	758,1 k €	+423%	144,9 k €	-41.0%	245,6 k €	+2.0%	240,8 k €	-1.1%	243,6 k €	-1.0%	245,9 k €	+13.3%	217,1 k €
Total assets	9,7 M €	+20.0%	8 M €	+3.0%	7,8 M €	+0.8%	7,7 M €	+38.5%	5,6 M €	+49.8%	3,7 M €	+12.9%	3,3 M €	+13.5%	2,9 M €	-0.0%	2,9 M €	+2.2%	2,9 M €	+34.1%	2,1 M €	+11.9%	1,9 M €	+75.2%	1,1 M €	+5.2%	1 M €	-4.6%	1,1 M €	+0.4%	1,1 M €	-2.9%	1,1 M €	-1.5%	1,1 M €
Cash	109,3 k €	-78.0%	497 k €	+180%	177,3 k €	-95.3%	3,8 M €	+213%	1,2 M €	+57.3%	766,5 k €	+11.0%	690,3 k €	+96.5%	351,3 k €	-50.6%	711,4 k €	+2179%	31,2 k €	+5951%	516 €	-98.8%	44,6 k €	+54.6%	28,9 k €	+130%	12,5 k €	+78.5%	7 k €	-87.5%	56,1 k €	-53.1%	119,7 k €	+285%	31,1 k €
Debts	1,4 M €	-8.9%	1,6 M €	-10.3%	1,7 M €	-11.2%	2 M €	-10.9%	2,2 M €	+104%	1,1 M €	-11.6%	1,2 M €	+8.6%	1,1 M €	-0.4%	1,1 M €	-25.3%	1,5 M €	+20.1%	1,3 M €	+9.6%	1,1 M €	+21.7%	938 k €	+19.5%	784,8 k €	+0.0%	784,6 k €	-0.9%	792 k €	-8.1%	861,9 k €	-5.1%	908,2 k €
Other
Workforce	1,0 ETP	-23.1%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-9.1%	1,1 ETP	-15.4%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

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

Active mandates

STIJN HERMAN

Director

Active

Ended mandates

STIJN HERMAN

Manager

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	29/04/2026	15/04/2025	30/04/2024	27/04/2023	28/04/2022	30/04/2021
General meeting	30/03/2026	31/03/2025	25/03/2024	06/03/2023	07/03/2022	01/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	30/03/2026	29/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	15/04/2025	Dutch	PDF
Abridged model	30/09/2023	25/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	06/03/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	07/03/2022	28/04/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	15/02/2020	25/02/2020	Dutch	PDF
Abridged model	30/09/2018	02/03/2019	26/04/2019	Dutch	PDF
Abridged model	30/09/2017	03/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	05/03/2016	07/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	10/03/2015	Dutch	PDF
Abridged model	30/09/2013	29/03/2014	09/05/2014	Dutch	PDF
Abridged model	30/09/2012	02/03/2013	13/03/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	07/08/2012	Dutch	PDF
Abridged model	30/09/2010	06/02/2011	25/02/2011	Dutch	PDF
Abridged model	30/09/2009	07/12/2009	01/02/2010	Dutch	PDF
Abridged model	30/09/2008	01/02/2009	19/02/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 1 ended

Active mandates

STIJN HERMAN

Director

Active

Ended mandates

STIJN HERMAN

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Other15/10/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other08/01/2008
ADRESWIJZIGING
PDF
Other07/03/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251,8 M €↑
2024
Annual accounts 2024397,4 k €↑
2023
Annual accounts 2023231,7 k €↓
2022
Annual accounts 20222,4 M €↑
2021
Annual accounts 2021739,5 k €↑
2020
Annual accounts 2020566,6 k €↑
2019
Annual accounts 2019297,9 k €↑
2018
Annual accounts 20183,9 k €↓
2017
Annual accounts 2017443,1 k €↓
2016
Annual accounts 2016473,7 k €↑
2015
Annual accounts 2015115,6 k €↓
2014
Annual accounts 2014613,2 k €↑
2013
Annual accounts 2013-100,7 k €↓
2012
Annual accounts 20124,8 k €↑
2011
Annual accounts 2011-2,8 k €↓
2010
Annual accounts 2010-2,4 k €↓
2009
Annual accounts 200928,8 k €↓
2008
Annual accounts 200867,1 k €
26/02/2007
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

HERMAN FINANCE

Overview

What does HERMAN FINANCE do?

Trend over 18 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