ACTIVE

HILMA

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Financial year 2025 · closed on 30/09/2025

Net result

153,8 k €

-18.5% YoY

Gross margin

1,2 M €

-1.7% YoY

Equity

1,7 M €

+9.6% YoY

Workforce

16,5 ETP

0.0% YoY

What does HILMA do?

HILMA is a Public limited company incorporated in 1975. Its registered office is in Moorslede. It employs on average 16,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0414.852.370

Incorporation

07/02/1975

Legal form

Public limited company

Registered office

Sparrestraat 8
8890 Moorslede · FlandreSee on map

Contributed capital

412 047,45 €

Latest accounts

30/09/2025

Average workforce

16,5 ETP

Joint committees (2)

1260
12624

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	1,2 M €	-1.7%	1,2 M €	+9.1%	1,1 M €	+0.6%	1,1 M €	+1.1%	1,1 M €	-22.8%	1,4 M €	+10.5%	1,3 M €	-16.5%	1,6 M €	+19.2%	1,3 M €	+9.2%	1,2 M €	+5.2%	1,1 M €	+9.2%	1 M €	-1.9%	1,1 M €	-13.8%	1,2 M €	+8.8%	1,1 M €	-0.3%	1,1 M €	+9.6%	1 M €	-39.3%	1,7 M €	+88.5%	904,8 k €
EBITDA	341,6 k €	+2.5%	333,3 k €	+6.4%	313,1 k €	+28.3%	244 k €	-17.9%	297 k €	-51.1%	607 k €	+26.6%	479,6 k €	-33.1%	716,9 k €	+48.3%	483,4 k €	+7.9%	447,9 k €	+8.2%	414,1 k €	+18.6%	349,3 k €	-7.3%	376,9 k €	-27.6%	520,6 k €	+23.5%	421,7 k €	-8.3%	460 k €	+38.0%	333,4 k €	-51.5%	687,4 k €	+91.1%	359,8 k €
Operating result	207 k €	-21.5%	263,8 k €	+5.7%	249,6 k €	+27.6%	195,6 k €	-18.1%	239 k €	-30.9%	346 k €	+89.6%	182,5 k €	-54.6%	402 k €	+75.0%	229,7 k €	-8.8%	252 k €	+7.9%	233,6 k €	+25.5%	186,1 k €	+6.5%	174,7 k €	-35.4%	270,5 k €	+5.4%	256,5 k €	-7.6%	277,7 k €	+41.6%	196,1 k €	-44.2%	351,2 k €	+66.4%	211,1 k €
Net result	153,8 k €	-18.5%	188,8 k €	-2.8%	194,3 k €	+42.8%	136,1 k €	-26.8%	185,9 k €	-17.6%	225,6 k €	+83.3%	123,1 k €	-60.9%	314,8 k €	+116%	145,6 k €	+15.6%	126 k €	-39.4%	208 k €	+42.5%	146 k €	-0.1%	146,1 k €	-30.3%	209,6 k €	+14.0%	183,9 k €	-11.1%	206,9 k €	+36.8%	151,2 k €	-37.1%	240,4 k €	+49.5%	160,7 k €
Balance sheet
Equity	1,7 M €	+9.6%	1,6 M €	+13.4%	1,4 M €	+7.9%	1,3 M €	+11.7%	1,2 M €	-66.2%	3,5 M €	+7.0%	3,2 M €	+3.7%	3,1 M €	+11.2%	2,8 M €	+4.6%	2,7 M €	+4.9%	2,6 M €	+8.8%	2,3 M €	+1.1%	2,3 M €	+6.7%	2,2 M €	+10.6%	2 M €	+10.3%	1,8 M €	+13.0%	1,6 M €	+10.4%	1,4 M €	+19.8%	1,2 M €
Total assets	2,1 M €	+4.3%	2 M €	+2.6%	1,9 M €	+15.2%	1,7 M €	+7.1%	1,6 M €	-59.9%	3,9 M €	-12.8%	4,5 M €	-2.5%	4,6 M €	+33.6%	3,5 M €	+4.4%	3,3 M €	+2.5%	3,2 M €	+5.4%	3,1 M €	-2.6%	3,2 M €	+11.3%	2,8 M €	+7.5%	2,6 M €	+1.8%	2,6 M €	+11.3%	2,3 M €	+4.9%	2,2 M €	+28.3%	1,7 M €
Cash	699,9 k €	+257%	195,8 k €	-47.1%	370 k €	-14.7%	433,8 k €	-19.0%	535,5 k €	-52.9%	1,1 M €	-19.6%	1,4 M €	+2.0%	1,4 M €	+7.3%	1,3 M €	-19.4%	1,6 M €	+39.6%	1,1 M €	+1.9%	1,1 M €	+8.0%	1 M €	+11.1%	940 k €	+10.3%	852 k €	+0.3%	849,7 k €	+0.9%	842 k €	+12.2%	750,3 k €	+34.7%	557,1 k €
Debts	324,7 k €	-16.2%	387,7 k €	-27.1%	532,1 k €	+39.4%	381,6 k €	-5.7%	404,6 k €	-14.1%	471,3 k €	-63.0%	1,3 M €	-15.3%	1,5 M €	+131%	651,5 k €	+3.7%	628,3 k €	-6.7%	673,7 k €	-6.1%	717,5 k €	-13.1%	825,2 k €	+27.0%	649,7 k €	-1.8%	661,6 k €	-17.1%	798,2 k €	+7.3%	744 k €	-5.1%	784,1 k €	+48.5%	528,1 k €
Other
Workforce	16,5 ETP	0.0%	16,5 ETP	0.0%	16,5 ETP	-7.3%	17,8 ETP	+2.9%	17,3 ETP	-2.8%	17,8 ETP	+5.3%	16,9 ETP	-8.2%	18,4 ETP	+4.0%	17,7 ETP	+2.3%	17,3 ETP	+8.1%	16,0 ETP	0.0%	16,0 ETP	+1.3%	15,8 ETP	-16.4%	18,9 ETP	+7.4%	17,6 ETP	+10.0%	16,0 ETP	-13.0%	18,4 ETP	+8.2%	17,0 ETP	+6.9%	15,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 25 ended

Active mandates

HEIDI DEMOEN

Managing director · since 31 mars 2025 · until 01 mai 2031

Active

HILDA VANDER STICHELE

Director · since 31 mars 2025 · until 01 mai 2031

Active

KATHLEEN DEMOEN

Managing director · since 31 mars 2025 · until 01 mai 2031

Active

KOENRAAD DEMOEN

Managing director · since 31 mars 2025 · until 01 mai 2031

Active

WILFRIED DEMOEN

Director · since 31 mars 2025 · until 01 mai 2031

Active

Ended mandates

HEIDI DEMOEN

Director · since 01 mai 2019 · until 01 mai 2025

Ended

HEIDI DEMOEN

Managing director · since 01 mai 2019 · until 01 mai 2031

Ended

HILDA VANDER STICHELE

Director · since 01 mai 2019 · until 01 août 2025

Ended

HILDA VANDER STICHELE

Director · since 01 mai 2019 · until 01 mai 2031

Ended

At this address

Other companies at this address

Company	CBE no.
Hilma Groep● Active	0766.402.740
HILMA INVEST● Active	0764.336.937

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	30/04/2026	08/05/2025	30/04/2024	24/04/2023	29/04/2022	22/03/2021
General meeting	31/03/2026	31/03/2025	31/03/2024	24/03/2023	12/03/2022	13/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	08/05/2025	Dutch	PDF
Abridged model	30/09/2023	31/03/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	24/03/2023	24/04/2023	Dutch	PDF
Abridged model	30/09/2021	12/03/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	13/03/2021	22/03/2021	Dutch	PDF
Abridged model	30/09/2019	30/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	30/03/2019	03/05/2019	Dutch	PDF
Abridged model	30/09/2017	31/03/2018	04/05/2018	Dutch	PDF
Abridged model	30/09/2016	31/03/2017	03/05/2017	Dutch	PDF
Abridged model	30/09/2015	23/03/2016	21/04/2016	Dutch	PDF
Abridged model	30/09/2014	30/03/2015	04/05/2015	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	31/05/2013	Dutch	PDF
Abridged model	30/09/2011	10/03/2012	25/05/2012	Dutch	PDF
Abridged model	30/09/2010	28/03/2011	28/04/2011	Dutch	PDF
Abridged model	30/09/2009	24/03/2010	23/04/2010	Dutch	PDF
Abridged model	30/09/2008	14/03/2009	30/03/2009	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	26/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 5 active · 25 ended

Active mandates

HEIDI DEMOEN

Managing director · since 31 mars 2025 · until 01 mai 2031

Active

HILDA VANDER STICHELE

Director · since 31 mars 2025 · until 01 mai 2031

Active

KATHLEEN DEMOEN

Managing director · since 31 mars 2025 · until 01 mai 2031

Active

KOENRAAD DEMOEN

Managing director · since 31 mars 2025 · until 01 mai 2031

Active

WILFRIED DEMOEN

Director · since 31 mars 2025 · until 01 mai 2031

Active

Ended mandates

HEIDI DEMOEN

Director · since 01 mai 2019 · until 01 mai 2025

Ended

HEIDI DEMOEN

Managing director · since 01 mai 2019 · until 01 mai 2031

Ended

HILDA VANDER STICHELE

Director · since 01 mai 2019 · until 01 août 2025

Ended

HILDA VANDER STICHELE

Director · since 01 mai 2019 · until 01 mai 2031

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring02/06/2021
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/03/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates24/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/09/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2008
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates09/08/2007
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 2025153,8 k €↓
2024
Annual accounts 2024188,8 k €↓
2023
Annual accounts 2023194,3 k €↑
2022
Annual accounts 2022136,1 k €↓
2021
Annual accounts 2021185,9 k €↓
2020
Annual accounts 2020225,6 k €↑
2019
Annual accounts 2019123,1 k €↓
2018
Annual accounts 2018314,8 k €↑
2017
Annual accounts 2017145,6 k €↑
2016
Annual accounts 2016126 k €↓
2015
Annual accounts 2015208 k €↑
2014
Annual accounts 2014146 k €↓
2013
Annual accounts 2013146,1 k €↓
2012
Annual accounts 2012209,6 k €↑
2011
Annual accounts 2011183,9 k €↓
2010
Annual accounts 2010206,9 k €↑
2009
Annual accounts 2009151,2 k €↓
2008
Annual accounts 2008240,4 k €↑
2006
Annual accounts 2006160,7 k €
07/02/1975
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

HILMA

Overview

What does HILMA do?

Trend over 19 financial years

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