ACTIVE

HNK2

Financial year 2025 · closed on 31/12/2025
Net result
-139,1 k €
-118.5% YoY
Gross margin
34,9 k €
-97.1% YoY
Equity
1,2 M €
-10.1% YoY
Workforce
0,0 ETP

What does HNK2 do?

HNK2 is a Public limited company incorporated in 1968. Its main activity is: Activities of holding companies. Its registered office is in Watermael-Boitsfort.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0404.707.457
Incorporation
01/01/1968
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 150
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
66 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Solid equityLow riskGood liquidityPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin34,9 k €1,2 M €206,3 k €318,2 k €200,7 k €437,9 k €76,4 k €612,5 k €99,1 k €77,7 k €53,1 k €71,2 k €66 k €80,4 k €71,1 k €51,7 k €93,1 k €102,5 k €
EBITDA12,3 k €1,2 M €187,6 k €275 k €196,4 k €109,7 k €67,8 k €604,3 k €88,6 k €2,3 k €45,8 k €63,7 k €58,6 k €73,4 k €63,8 k €33,8 k €86,2 k €101,2 k €
Operating result-121,2 k €1 M €47,2 k €141,8 k €51,5 k €46,6 k €25,7 k €593,1 k €76,4 k €-17,3 k €39,6 k €57,2 k €51,7 k €55,4 k €42,3 k €10,3 k €63,2 k €79,6 k €
Net result-139,1 k €753 k €-30,9 k €62,3 k €18,5 k €2,1 k €3,8 k €411,1 k €50,1 k €-27,8 k €30 k €56,9 k €-11,3 k €8,8 k €43,2 k €-117,3 k €21,2 k €19 k €
Balance sheet
Equity1,2 M €1,4 M €1,8 M €1,8 M €1,8 M €1,8 M €1,7 M €564,2 k €152,3 k €102,2 k €230 k €486 k €429,1 k €440,4 k €431,5 k €388,3 k €505,7 k €484,5 k €
Total assets2,5 M €2,8 M €3,3 M €3,6 M €4,9 M €4,3 M €2,9 M €1,1 M €820,4 k €818,6 k €513,3 k €516,7 k €462,9 k €753,3 k €764,7 k €615,3 k €1,4 M €1,5 M €
Cash165,3 €165 k €1,6 k €175,3 k €53,4 k €29 k €94,8 k €126,7 k €4,3 k €2,2 k €254,5 k €280,3 k €2,5 k €2,7 k €22,5 k €4,8 k €6,2 k €6,4 k €
Debts857,8 k €959,8 k €1,3 M €1,6 M €3 M €2,4 M €964,9 k €393,7 k €663,1 k €716,3 k €283,3 k €30,7 k €33,8 k €313 k €333,2 k €226,5 k €862,7 k €1 M €
Other
Workforce0,0 ETP0,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

EAGLE

Director · since 01 juillet 2025 · 0454.738.572

Represented by Michel GUSTOT

Active
Jean-Pierre Brusseleers

Director · since 14 octobre 2019

Active

Ended mandates

EAGLE

Director · since 25 septembre 2019 · until 25 septembre 2025 · 0454.738.572

Represented by Isabel Olavarria

Ended
EAGLE

Director · since 25 septembre 2019 · until 25 septembre 2025 · 0454.738.572

Represented by ISABELLE OLAVARRIA

Ended
Jean-Pierre Brusseleers

Director · since 25 septembre 2019 · until 25 septembre 2025

Ended
Jean-Pierre Brusseleers

Director · since 07 juin 2018 · until 07 juin 2024

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro 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 date31/08/202607/10/202502/07/202429/08/202329/06/202207/07/2021
General meeting28/08/202630/08/202506/05/202429/04/202302/05/202203/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/08/202631/08/2026FrenchPDF
Abridged model31/12/202430/08/202507/10/2025FrenchPDF
Micro model31/12/202306/05/202402/07/2024FrenchPDF
Micro model31/12/202229/04/202329/08/2023FrenchPDF
Micro model31/12/202102/05/202229/06/2022FrenchPDF
Micro model31/12/202003/05/202107/07/2021FrenchPDF
Micro model31/12/201928/08/202018/09/2020FrenchPDF
Micro model31/12/201806/05/201930/09/2019DutchPDF
Micro model31/12/201707/06/201817/07/2018DutchPDF
Micro model31/12/201630/06/201721/11/2017DutchPDF
Abridged model31/12/201530/06/201628/07/2016DutchPDF
Abridged model31/12/201425/08/201525/08/2015DutchPDF
Abridged model31/12/201305/05/201430/07/2014DutchPDF
Abridged model31/12/201206/05/201313/09/2013DutchPDF
Abridged model31/12/201129/06/201231/07/2012DutchPDF
Abridged model31/12/201030/06/201126/07/2011DutchPDF
Abridged model31/12/200930/06/201029/09/2010DutchPDF
Abridged model31/12/200830/06/200929/07/2009DutchPDF
Abridged model31/12/200719/06/200831/07/2008DutchPDF
Abridged model31/12/200607/05/200710/10/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 2 active · 23 ended

Active mandates

EAGLE

Director · since 01 juillet 2025 · 0454.738.572

Represented by Michel GUSTOT

Active
Jean-Pierre Brusseleers

Director · since 14 octobre 2019

Active

Ended mandates

EAGLE

Director · since 25 septembre 2019 · until 25 septembre 2025 · 0454.738.572

Represented by Isabel Olavarria

Ended
EAGLE

Director · since 25 septembre 2019 · until 25 septembre 2025 · 0454.738.572

Represented by ISABELLE OLAVARRIA

Ended
Jean-Pierre Brusseleers

Director · since 25 septembre 2019 · until 25 septembre 2025

Ended
Jean-Pierre Brusseleers

Director · since 07 juin 2018 · until 07 juin 2024

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office06/10/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares23/10/2019
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/10/2019
    BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates05/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office15/12/2015
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Mandates01/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/10/2015
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025-139,1 k €
  2. 2024
    Annual accounts 2024753 k €
  3. 2023
    Annual accounts 2023-30,9 k €
  4. 2022
    Annual accounts 202262,3 k €
  5. 2021
    Annual accounts 202118,5 k €
  6. 2020
    Annual accounts 20202,1 k €
  7. 2019
    Annual accounts 20193,8 k €
  8. 2018
    Annual accounts 2018411,1 k €
  9. 2017
    Annual accounts 201750,1 k €
  10. 2016
    Annual accounts 2016-27,8 k €
  11. 2015
    Annual accounts 201530 k €
  12. 2014
    Annual accounts 201456,9 k €
  13. 2013
    Annual accounts 2013-11,3 k €
  14. 2012
    Annual accounts 20128,8 k €
  15. 2011
    Annual accounts 201143,2 k €
  16. 2010
    Annual accounts 2010-117,3 k €
  17. 2009
    Annual accounts 200921,2 k €
  18. 2008
    Annual accounts 200819 k €
  19. 01/01/1968
    IncorporationPublic limited company