ACTIVE

HPHEC & PARTNERS

Financial year 2025 · Closed on 30/09/2025

Net result53,2 k €+178,3 %over 1 year

Gross margin-3,6 k €+93,6 %over 1 year

Equity2,6 M €+2,0 %over 1 year

Identity

Source · BCE/KBO

HPHEC & PARTNERS is a Public limited company incorporated in 1941. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Welkenraedt.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0402.324.524
Incorporation: 01/01/1941
Legal form: Public limited company
Registered office: Rue Prince Albert 1
4840 Welkenraedt · WallonieSee on map
Contributed capital: 2 500 000,00 €
Latest accounts: 30/09/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-3,6 k €	+93.6%	-56,6 k €	-253%	37,1 k €	-16.9%	44,6 k €	-20.7%	56,3 k €
EBITDA	-6,1 k €	+89.7%	-59,8 k €	-275%	34,2 k €	-18.2%	41,8 k €	-23.0%	54,3 k €
Operating result	-6,1 k €	+89.7%	-59,8 k €	-275%	34,2 k €	-15.5%	40,5 k €	+4.2%	38,8 k €
Net result	53,2 k €	+178%	19,1 k €	-77.5%	85,2 k €	+9.0%	78,1 k €	+136%	-219 k €
Balance sheet
Equity	2,6 M €	+2.0%	2,5 M €	+0.8%	2,5 M €	+3.5%	2,4 M €	+3.3%	2,3 M €
Total assets	2,6 M €	-9.9%	2,9 M €	+3.9%	2,8 M €	+3.2%	2,7 M €	-2.2%	2,7 M €
Cash	134,7 k €	+463%	23,9 k €	-32.5%	35,5 k €	-87.7%	289,5 k €	+74.3%	166,1 k €
Debts	9,9 k €	-97.1%	346,8 k €	+34.1%	258,6 k €	+0.0%	258,6 k €	-34.9%	397,3 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne HANSON	Managing directorsince 03/05/2012
Marc PIRNAY	Managing directorsince 03/05/2012

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annie CORMANN-NIX	Director19/12/2008 → 03/05/2012
Herbert CORMANN	Managing director19/12/2008 → 03/05/2012

Other companies at this address

Rue Prince Albert 1 4840 Welkenraedt

Company	CBE no.
Fabrice Hinck Comptabilité● Active	0460.071.592
FAGNES EMOTIONS● Active	0896.554.370
FGP-HPHold● Active	0750.642.022
FIDUCIAIRE H.P.H. & PARTNERS● Active	0713.606.135
FRANCORCHAMPS GROUPE PARTNERS● Active	0464.989.987
GESCO FININVEST PARTNERS● Active	0430.698.608
GESOTRA PARTNERS● Active	0463.900.223
HARDY Robert et PIRNAY Marc Partners● Active	0435.679.953
H.M.M.● Active	0881.231.835
H.P.B. Gestion Sociale● Active	0760.640.445
HPHOLD● Active	0476.406.689
IMMO GROUPE PARTNERS● Active	0446.615.318
ROHONVAL PARTNERS● Active	0434.188.430

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	14/11/2025	02/12/2024	06/11/2023	15/12/2022	10/01/2022	27/11/2020
General meeting	27/10/2025	20/11/2024	27/10/2023	12/12/2022	23/12/2021	25/11/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	27/10/2025	14/11/2025	French	PDF
Micro model	30/09/2024	20/11/2024	02/12/2024	French	PDF
Micro model	30/09/2023	27/10/2023	06/11/2023	French	PDF
Micro model	30/09/2022	12/12/2022	15/12/2022	French	PDF
Abridged model	30/09/2021	23/12/2021	10/01/2022	French	PDF
Abridged model	30/09/2020	25/11/2020	27/11/2020	French	PDF
Abridged model	30/09/2019	08/11/2019	14/11/2019	French	PDF
Micro model	30/09/2018	14/12/2018	18/12/2018	French	PDF
Micro model	30/09/2017	15/11/2017	21/11/2017	French	PDF
Abridged model	30/09/2016	09/11/2016	14/11/2016	French	PDF
Abridged model	30/09/2015	02/12/2015	03/12/2015	French	PDF
Abridged model	30/09/2014	26/11/2014	28/11/2014	French	PDF
Abridged model	30/09/2013	27/12/2013	24/01/2014	French	PDF
Abridged model	30/09/2012	10/12/2012	13/12/2012	French	PDF
Abridged model	31/12/2011	30/03/2012	16/04/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	30/05/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	05/07/2010	French	PDF
Abridged model	31/12/2008	23/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	25/06/2008	07/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	21/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 30/09/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne HANSON	Managing directorsince 03/05/2012
Marc PIRNAY	Managing directorsince 03/05/2012

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annie CORMANN-NIX	Director19/12/2008 → 03/05/2012
Herbert CORMANN	Managing director19/12/2008 → 03/05/2012

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/11/2025
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Capital / shares22/01/2018
CAPITAL, ACTIONS
PDF
Mandates30/06/2016
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares26/10/2012
CAPITAL, ACTIONS
PDF
Mandates18/05/2012
DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/01/2009
KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates18/06/2004
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1941

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Marc PIRNAY

Etienne HANSON

Philippe CORMANN

Annie CORMANN-NIX

Herbert CORMANN

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

H.P.H. GROUPE PARTNERS

Rue Prince Albert 1, 4840 Welkenraedt

Managing director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Prince Albert 1, 4840 WelkenraedtCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00566411

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HPHEC & PARTNERSCurrent		CBE
H.P.H. GROUPE PARTNERS	accounts 2022 → 2025	Accounts 2025 · 2025-00566411

Events

2025
Annual accounts 202553,2 k €↑
2024
Annual accounts 202419,1 k €↓
2023
Annual accounts 202385,2 k €↑
2022
Annual accounts 202278,1 k €↑
2021
Annual accounts 2021-219 k €↓
2020
Annual accounts 202010 k €↓
2019
Annual accounts 2019225,1 k €↑
2018
Annual accounts 2018150,4 k €↑
2017
Annual accounts 2017129,6 k €↓
2016
Annual accounts 2016197,7 k €↓
2015
Annual accounts 2015237,5 k €↓
2014
Annual accounts 2014281,3 k €↓
2013
Annual accounts 2013329 k €↑
2012
Annual accounts 201218,2 k €↑
2011
Annual accounts 20119,6 k €↓
2010
Annual accounts 201027 k €↑
2009
Annual accounts 2009-4,9 k €↓
2008
Annual accounts 200831,1 k €↑
2007
Annual accounts 20074,1 k €↑
2006
Annual accounts 2006-6,3 k €
01/01/1941
IncorporationPublic limited company

HPHEC & PARTNERS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events