ACTIVE

HPHEC & PARTNERS

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Financial year 2025 · Closed on 30/09/2025

Net result
53,2 k €
+178,3 %over 1 year
Gross margin
-3,6 k €
+93,6 %over 1 year
Equity
2,6 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
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin-3,6 k €-56,6 k €37,1 k €44,6 k €56,3 k €
EBITDA-6,1 k €-59,8 k €34,2 k €41,8 k €54,3 k €
Operating result-6,1 k €-59,8 k €34,2 k €40,5 k €38,8 k €
Net result53,2 k €19,1 k €85,2 k €78,1 k €-219 k €
Balance sheet
Equity2,6 M €2,5 M €2,5 M €2,4 M €2,3 M €
Total assets2,6 M €2,9 M €2,8 M €2,7 M €2,7 M €
Cash134,7 k €23,9 k €35,5 k €289,5 k €166,1 k €
Debts9,9 k €346,8 k €258,6 k €258,6 k €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 · 11 ended

Active mandates

Etienne HANSON

Managing director · since 03 mai 2012

Active
Marc PIRNAY

Managing director · since 03 mai 2012

Active

Ended mandates

Etienne HANSON

Managing director · since 28 juin 2022

Ended
Marc PIRNAY

Managing director · since 28 juin 2022

Ended
Annie CORMANN-NIX

Director · since 19 décembre 2008 · until 03 mai 2012

Ended
Annie CORMANN-NIX

Director · since 19 décembre 2008

Ended

Other companies at this address

Rue Prince Albert 1 4840 Welkenraedt
CompanyCBE 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
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/11/202502/12/202406/11/202315/12/202210/01/202227/11/2020
General meeting27/10/202520/11/202427/10/202312/12/202223/12/202125/11/2020
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202527/10/202514/11/2025FrenchPDF
Micro model30/09/202420/11/202402/12/2024FrenchPDF
Micro model30/09/202327/10/202306/11/2023FrenchPDF
Micro model30/09/202212/12/202215/12/2022FrenchPDF
Abridged model30/09/202123/12/202110/01/2022FrenchPDF
Abridged model30/09/202025/11/202027/11/2020FrenchPDF
Abridged model30/09/201908/11/201914/11/2019FrenchPDF
Micro model30/09/201814/12/201818/12/2018FrenchPDF
Micro model30/09/201715/11/201721/11/2017FrenchPDF
Abridged model30/09/201609/11/201614/11/2016FrenchPDF
Abridged model30/09/201502/12/201503/12/2015FrenchPDF
Abridged model30/09/201426/11/201428/11/2014FrenchPDF
Abridged model30/09/201327/12/201324/01/2014FrenchPDF
Abridged model30/09/201210/12/201213/12/2012FrenchPDF
Abridged model31/12/201130/03/201216/04/2012FrenchPDF
Abridged model31/12/201027/05/201130/05/2011FrenchPDF
Abridged model31/12/200930/06/201005/07/2010FrenchPDF
Abridged model31/12/200823/06/200930/06/2009FrenchPDF
Abridged model31/12/200725/06/200807/07/2008FrenchPDF
Abridged model31/12/200630/06/200721/08/2007FrenchPDF

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 · 11 ended

Active mandates

Etienne HANSON

Managing director · since 03 mai 2012

Active
Marc PIRNAY

Managing director · since 03 mai 2012

Active

Ended mandates

Etienne HANSON

Managing director · since 28 juin 2022

Ended
Marc PIRNAY

Managing director · since 28 juin 2022

Ended
Annie CORMANN-NIX

Director · since 19 décembre 2008 · until 03 mai 2012

Ended
Annie CORMANN-NIX

Director · since 19 décembre 2008

Ended

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

  1. 2025
    Annual accounts 202553,2 k €↑
  2. 2024
    Annual accounts 202419,1 k €↓
  3. 2023
    Annual accounts 202385,2 k €↑
  4. 2022
    Annual accounts 202278,1 k €↑
  5. 2021
    Annual accounts 2021-219 k €↓
  6. 2020
    Annual accounts 202010 k €↓
  7. 2019
    Annual accounts 2019225,1 k €↑
  8. 2018
    Annual accounts 2018150,4 k €↑
  9. 2017
    Annual accounts 2017129,6 k €↓
  10. 2016
    Annual accounts 2016197,7 k €↓
  11. 2015
    Annual accounts 2015237,5 k €↓
  12. 2014
    Annual accounts 2014281,3 k €↓
  13. 2013
    Annual accounts 2013329 k €↑
  14. 2012
    Annual accounts 201218,2 k €↑
  15. 2011
    Annual accounts 20119,6 k €↓
  16. 2010
    Annual accounts 201027 k €↑
  17. 2009
    Annual accounts 2009-4,9 k €↓
  18. 2008
    Annual accounts 200831,1 k €↑
  19. 2007
    Annual accounts 20074,1 k €↑
  20. 2006
    Annual accounts 2006-6,3 k €
  21. 01/01/1941
    IncorporationPublic limited company