ACTIVE

EULER HERMES SOUTH EXPRESS

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Financial year 2025 · Closed on 31/12/2025

Net result727,4 k €-5,8 %over 1 year
Revenue2,3 M €+3,3 %over 1 year
Equity29,4 M €+0,1 %over 1 year

Identity

Source · BCE/KBO

EULER HERMES SOUTH EXPRESS is a Public limited company incorporated in 2008. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0899.287.295
Incorporation
15/07/2008
Legal form
Public limited company
Registered office
Rue Royale 52
1000 Bruxelles · BruxellesSee on map
Contributed capital
28 986 452,40 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 18 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue2,3 M €2,3 M €2,2 M €2 M €1,9 M €
EBITDA2,1 M €2,1 M €2 M €1,8 M €1,6 M €
Operating result1,1 M €1,1 M €1,1 M €795,1 k €638,5 k €
Net result727,4 k €772,4 k €747,7 k €558,5 k €444,4 k €
Balance sheet
Equity29,4 M €29,4 M €29,3 M €29,3 M €29,3 M €
Total assets31,5 M €31,1 M €31,5 M €30,9 M €30,7 M €
Cash510 k €510 k €510 k €510 k €510 k €
Debts1,4 M €1,1 M €1,5 M €984,8 k €618,4 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 32 ended

Active mandates

Philippe Dessèvre

Director · since 30 septembre 2025

Active
Benoît Semelin

Director · since 30 juin 2025 · until 09 mai 2029

Active
Adrien Guédy

Director · since 14 mai 2025 · until 09 mai 2029

Active
Benoit DES CRESSONNIERES

Director · since 14 mai 2025 · until 30 septembre 2025

Active
Sébastien RAGEOT

Director · since 14 mai 2025 · until 30 juin 2025

Active

Ended mandates

Adrien Guédy

Director · since 01 juin 2023 · until 14 mai 2025

Ended
Johann BEY

Director · since 10 mai 2023 · until 01 juin 2023

Ended
Sébastien RAGEOT

Director · since 10 mai 2023 · until 12 mai 2027

Ended
Johann BEY

Chairman of the board of directors · since 01 novembre 2020 · until 10 mai 2023

Ended

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Full financial information

Source · NBB
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 date23/07/202619/06/202516/05/202412/05/202327/06/202220/07/2021
General meeting13/05/202614/05/202508/05/202410/05/202311/05/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202513/05/202623/07/2026FrenchPDF
Full model31/12/202414/05/202519/06/2025FrenchPDF
Full model31/12/202308/05/202416/05/2024FrenchPDF
Full model31/12/202210/05/202312/05/2023FrenchPDF
Full modelCorrection31/12/202111/05/202221/12/2022FrenchPDF
Full model31/12/202111/05/202227/06/2022FrenchPDF
Full model31/12/202021/06/202120/07/2021FrenchPDF
Full model31/12/201913/05/202005/06/2020FrenchPDF
Full model31/12/201808/05/201904/06/2019FrenchPDF
Full model31/12/201729/05/201820/06/2018FrenchPDF
Full model31/12/201610/05/201724/08/2017FrenchPDF
Full model31/12/201511/05/201606/06/2016FrenchPDF
Full model31/12/201413/05/201522/05/2015FrenchPDF
Full model31/12/201314/05/201415/07/2014FrenchPDF
Full model31/12/201229/05/201322/07/2013FrenchPDF
Full model31/12/201115/06/201211/07/2012FrenchPDF
Full model31/12/201029/06/201106/07/2011FrenchPDF
Full model31/12/200915/10/201010/11/2010FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 32 ended

Active mandates

Philippe Dessèvre

Director · since 30 septembre 2025

Active
Benoît Semelin

Director · since 30 juin 2025 · until 09 mai 2029

Active
Adrien Guédy

Director · since 14 mai 2025 · until 09 mai 2029

Active
Benoit DES CRESSONNIERES

Director · since 14 mai 2025 · until 30 septembre 2025

Active
Sébastien RAGEOT

Director · since 14 mai 2025 · until 30 juin 2025

Active

Ended mandates

Adrien Guédy

Director · since 01 juin 2023 · until 14 mai 2025

Ended
Johann BEY

Director · since 10 mai 2023 · until 01 juin 2023

Ended
Sébastien RAGEOT

Director · since 10 mai 2023 · until 12 mai 2027

Ended
Johann BEY

Chairman of the board of directors · since 01 novembre 2020 · until 10 mai 2023

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates14/09/2026
    Renouvellement mandat des administrateurs & Changement du siège social
    PDF
  • Capital / shares17/02/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates13/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/11/2021
    DEMISSIONS, NOMINATIONS
    PDF

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 2025727,4 k €↓
  2. 2024
    Annual accounts 2024772,4 k €↑
  3. 2023
    Annual accounts 2023747,7 k €↑
  4. 2022
    Annual accounts 2022558,5 k €↑
  5. 2021
    Annual accounts 2021444,4 k €↓
  6. 2020
    Annual accounts 2020633,3 k €↓
  7. 2019
    Annual accounts 2019683,9 k €↑
  8. 2018
    Annual accounts 2018667,9 k €↑
  9. 2017
    Annual accounts 2017501,2 k €↓
  10. 2016
    Annual accounts 2016625,6 k €↓
  11. 2015
    Annual accounts 20151,2 M €↑
  12. 2014
    Annual accounts 20141,1 M €↑
  13. 2013
    Annual accounts 2013933,7 k €↑
  14. 2012
    Annual accounts 2012578,6 k €↓
  15. 2012
    Name changeEuler Hermes South Express
  16. 2011
    Annual accounts 20111,5 M €↑
  17. 2010
    Annual accounts 20101,1 M €↑
  18. 2009
    Annual accounts 2009-4,4 M €
  19. 2009
    Name changeGLL South Express
  20. 15/07/2008
    IncorporationPublic limited company