ACTIVE

HHD NV

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Financial year 2025 · closed on 31/12/2025

Net result

49,1 k €

-19.5% YoY

Gross margin

1 M €

+23.3% YoY

Equity

287,9 k €

-83.9% YoY

Workforce

12,4 ETP

+1.6% YoY

What does HHD NV do?

HHD NV is a Public limited company incorporated in 1971. Its main activity is: Real estate agencies. Its registered office is in Blankenberge. It employs on average 12,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0408.414.243

Incorporation

04/06/1971

Legal form

Public limited company

Registered office

Albertstraat 1 box GLV
8370 Blankenberge · FlandreSee on map

Contributed capital

126 000,00 €

Latest accounts

31/12/2025

Average workforce

12,4 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Joint committees (5)

100
12100
200
20000
218

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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	+23.3%	828,9 k €	-10.2%	923,2 k €	+46.2%	631,3 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	143,1 k €	+36.0%	105,2 k €	+38.4%	76,1 k €	+17.7%	64,6 k €	+6.3%	60,7 k €	-1.5%	61,7 k €	-17.3%	74,6 k €	+72.7%	43,2 k €	+52.5%	28,3 k €	-54.8%	62,7 k €	+21.2%	51,7 k €	-39.0%	84,8 k €	+368%	18,1 k €	-86.1%	130,3 k €	+478%	-34,5 k €	-122%	157,1 k €	+69.7%	92,6 k €	-43.0%	162,4 k €
Operating result	72,1 k €	+38.9%	51,9 k €	+64.8%	31,5 k €	-33.3%	47,2 k €	+11.4%	42,4 k €	-5.6%	44,9 k €	-24.8%	59,7 k €	+137%	25,2 k €	+115%	11,8 k €	-79.2%	56,4 k €	+28.8%	43,8 k €	-45.5%	80,4 k €	+1431%	5,2 k €	-95.7%	121,6 k €	+357%	-47,4 k €	-137%	128,8 k €	+134%	55,1 k €	-59.7%	136,7 k €
Net result	49,1 k €	-19.5%	61 k €	-0.6%	61,3 k €	+67.0%	36,7 k €	+38.4%	26,5 k €	-9.9%	29,4 k €	-33.1%	44 k €	+82.2%	24,2 k €	+51.4%	16 k €	-61.8%	41,8 k €	-51.1%	85,5 k €	+0.3%	85,3 k €	+1698%	4,7 k €	-96.1%	120,5 k €	+397%	-40,5 k €	-151%	79,1 k €	+10.0%	71,9 k €	-37.3%	114,7 k €
Balance sheet
Equity	287,9 k €	-83.9%	1,8 M €	+3.5%	1,7 M €	+3.7%	1,7 M €	+3.3%	1,6 M €	+1.7%	1,6 M €	+1.9%	1,6 M €	+2.9%	1,5 M €	+1.6%	1,5 M €	+1.1%	1,5 M €	+2.9%	1,4 M €	+6.4%	1,3 M €	+6.8%	1,3 M €	+0.4%	1,3 M €	+10.6%	1,1 M €	-3.4%	1,2 M €	+7.2%	1,1 M €	+7.0%	1 M €
Total assets	450,2 k €	-77.3%	2 M €	+1.4%	2 M €	+2.0%	1,9 M €	-4.1%	2 M €	+2.3%	2 M €	+0.0%	2 M €	+3.8%	1,9 M €	+2.3%	1,8 M €	-2.9%	1,9 M €	+5.1%	1,8 M €	+3.6%	1,7 M €	+6.8%	1,6 M €	-2.3%	1,7 M €	+1.1%	1,6 M €	+0.8%	1,6 M €	+14.0%	1,4 M €	-28.4%	2 M €
Cash	27,3 k €	-6.3%	29,2 k €	+51.9%	19,2 k €	+106%	9,3 k €	-99.5%	1,9 M €	+1.2%	1,9 M €	+0.5%	1,8 M €	+4.0%	1,8 M €	+2.2%	1,7 M €	-1.7%	1,8 M €	+5.3%	1,7 M €	+3.9%	1,6 M €	+6.8%	1,5 M €	-0.7%	1,5 M €	-1.7%	1,5 M €	+6.6%	1,4 M €	+16.8%	1,2 M €	-32.3%	1,8 M €
Debts	162,4 k €	-15.8%	192,8 k €	-14.5%	225,5 k €	-8.9%	247,6 k €	-35.4%	383,1 k €	+5.2%	364,1 k €	-7.5%	393,5 k €	+7.4%	366,4 k €	+7.5%	340,9 k €	-17.3%	412,3 k €	+13.7%	362,7 k €	-6.9%	389,5 k €	+7.6%	362 k €	-10.6%	404,9 k €	-20.3%	508 k €	+12.4%	452 k €	+36.5%	331,2 k €	-65.2%	952,8 k €
Other
Workforce	12,4 ETP	+1.6%	12,2 ETP	-9.6%	13,5 ETP	+21.6%	11,1 ETP	+98.2%	5,6 ETP	+12.0%	5,0 ETP	+78.6%	2,8 ETP	+3.7%	2,7 ETP	0.0%	2,7 ETP	+28.6%	2,1 ETP	+5.0%	2,0 ETP	-13.0%	2,3 ETP	+15.0%	2,0 ETP	-31.0%	2,9 ETP	+11.5%	2,6 ETP	+30.0%	2,0 ETP	-45.9%	3,7 ETP	-5.1%	3,9 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 · 19 ended

Active mandates

Jörg Herrmann

Director · since 20 février 2023 · until 13 juin 2030

Active

Thomas Buschta

Director · since 20 février 2023 · until 13 juin 2030

Active

Ended mandates

Jörg Herrmann

Director · since 20 février 2023 · until 11 avril 2030

Ended

Thomas Buschta

Director · since 20 février 2023 · until 11 avril 2030

Ended

Jörg Herrmann

Director · since 01 décembre 2018 · until 30 novembre 2023

Ended

Jörg Herrmann

Director · since 30 novembre 2018 · until 30 novembre 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full model
Start of the financial year	01/11/2024	01/11/2023	01/11/2022	01/11/2021	01/11/2020	01/11/2019
Closing of the financial year	31/12/2025	31/10/2024	31/10/2023	31/10/2022	31/10/2021	31/10/2020
Length of the financial year	14 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	03/03/2025	04/04/2024	21/02/2023	02/03/2022	17/02/2021
General meeting	11/06/2026	12/02/2025	07/03/2024	20/02/2023	11/02/2022	21/01/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/10/2024	12/02/2025	03/03/2025	Dutch	PDF
Abridged model	31/10/2023	07/03/2024	04/04/2024	Dutch	PDF
Abridged model	31/10/2022	20/02/2023	21/02/2023	Dutch	PDF
Full model	31/10/2021	11/02/2022	02/03/2022	Dutch	PDF
Full model	31/10/2020	21/01/2021	17/02/2021	Dutch	PDF
Full model	31/10/2019	05/03/2020	31/03/2020	Dutch	PDF
Full model	31/10/2018	11/04/2019	08/05/2019	Dutch	PDF
Full model	31/10/2017	12/04/2018	25/04/2018	Dutch	PDF
Full modelCorrection	31/10/2016	13/04/2017	15/09/2017	Dutch	PDF
Full model	31/10/2016	13/04/2017	08/05/2017	Dutch	PDF
Full model	31/10/2015	14/04/2016	03/05/2016	Dutch	PDF
Full model	31/10/2014	09/04/2015	10/04/2015	Dutch	PDF
Full model	31/10/2013	10/04/2014	21/05/2014	Dutch	PDF
Full model	31/10/2012	11/04/2013	26/04/2013	Dutch	PDF
Full model	31/10/2011	12/04/2012	25/04/2012	Dutch	PDF
Full model	31/10/2010	14/04/2011	28/04/2011	Dutch	PDF
Full model	31/10/2009	30/04/2010	01/06/2010	French	PDF
Full model	31/10/2008	09/04/2009	14/04/2009	French	PDF
Full model	31/10/2007	10/04/2008	22/04/2008	French	PDF
Full model	30/09/2006	08/03/2007	19/04/2007	French	PDF

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 · 19 ended

Active mandates

Jörg Herrmann

Director · since 20 février 2023 · until 13 juin 2030

Active

Thomas Buschta

Director · since 20 février 2023 · until 13 juin 2030

Active

Ended mandates

Jörg Herrmann

Director · since 20 février 2023 · until 11 avril 2030

Ended

Thomas Buschta

Director · since 20 février 2023 · until 11 avril 2030

Ended

Jörg Herrmann

Director · since 01 décembre 2018 · until 30 novembre 2023

Ended

Jörg Herrmann

Director · since 30 novembre 2018 · until 30 novembre 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other04/11/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates26/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/11/2024
MAATSCHAPPELIJKE ZETEL
PDF
Other09/08/2024
DIVERSEN
PDF
Mandates24/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/11/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2022
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

2025
Annual accounts 202549,1 k €↓
2024
Annual accounts 202461 k €↓
2023
Annual accounts 202361,3 k €↑
2022
Annual accounts 202236,7 k €↑
2019
Annual accounts 201926,5 k €↓
2018
Annual accounts 201829,4 k €↓
2018
Name changeHHD
2017
Annual accounts 201744 k €↑
2016
Annual accounts 201624,2 k €↑
2015
Annual accounts 201516 k €↓
2014
Annual accounts 201441,8 k €↓
2013
Annual accounts 201385,5 k €↑
2012
Annual accounts 201285,3 k €↑
2011
Annual accounts 20114,7 k €↓
2010
Annual accounts 2010120,5 k €↑
2009
Annual accounts 2009-40,5 k €↓
2008
Annual accounts 200879,1 k €↑
2007
Annual accounts 200771,9 k €↓
2006
Annual accounts 2006114,7 k €
2006
Name changeInterhome
04/06/1971
IncorporationPublic 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

HHD NV

Overview

What does HHD NV 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