ACTIVE

Immo Hulsmans

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Financial year 2025 · closed on 31/12/2025

Net result

-6,8 k €

-130.8% YoY

Gross margin

-1,8 k €

+47.0% YoY

Equity

66,9 k €

-9.2% YoY

Workforce

0,0 ETP

What does Immo Hulsmans do?

Immo Hulsmans is a Private company with limited liability incorporated in 1976. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.078.629

Incorporation

01/01/1976

Legal form

Private company with limited liability

Registered office

Guffenslaan 108 box 0.01
3500 Hasselt · FlandreSee on map

Contributed capital

57 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (2)

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-1,8 k €	+47.0%	-3,4 k €	+82.4%	-19,2 k €	-339%	8 k €	+108%	3,9 k €	-35.0%	5,9 k €	-5.6%	6,3 k €	+197%	2,1 k €	+157%	-3,8 k €	+36.0%	-5,9 k €	+34.2%	-8,9 k €	-107%	134,5 k €	-67.8%	418,3 k €	+81.5%	230,5 k €	+14.4%	201,5 k €	+31.1%	153,7 k €	+26.1%	121,9 k €	-38.4%	197,9 k €	-1.2%	200,4 k €	-16.6%	240,4 k €
EBITDA	-2,3 k €	+57.0%	-5,3 k €	+91.5%	-61,6 k €	+46.7%	-115,5 k €	-33104%	-347,8 €	-109%	3,8 k €	-9.4%	4,2 k €	+158%	-7,3 k €	+55.0%	-16,1 k €	+34.0%	-24,4 k €	+32.5%	-36,2 k €	-193%	39 k €	-83.2%	231,6 k €	+561%	35 k €	-29.0%	49,3 k €	+276%	-28 k €	-3.6%	-27,1 k €	-4103%	676 €	-95.9%	16,3 k €	-83.9%	101,6 k €
Operating result	-2,3 k €	+57.0%	-5,3 k €	+91.5%	-61,6 k €	+48.5%	-119,7 k €	-2541%	-4,5 k €	-1148%	-362,9 €	+88.6%	-3,2 k €	+78.3%	-14,7 k €	+38.3%	-23,8 k €	+25.0%	-31,7 k €	+27.1%	-43,4 k €	-231%	33,1 k €	-85.3%	225,1 k €	+3935%	5,6 k €	-82.8%	32,5 k €	+149%	-66,7 k €	-3.0%	-64,8 k €	-35.3%	-47,9 k €	-59.5%	-30 k €	-155%	54,8 k €
Net result	-6,8 k €	-131%	22 k €	+135%	-62,4 k €	+48.2%	-120,5 k €	-4867%	-2,4 k €	+76.4%	-10,3 k €	-256%	-2,9 k €	+81.7%	-15,8 k €	+35.7%	-24,5 k €	+23.7%	-32,1 k €	+23.0%	-41,6 k €	-211%	37,6 k €	-84.3%	239,8 k €	+5088%	4,6 k €	-84.3%	29,4 k €	+141%	-71,5 k €	-8.9%	-65,7 k €	-17.3%	-56 k €	-37.8%	-40,6 k €	-184%	48,5 k €
Balance sheet
Equity	66,9 k €	-9.2%	73,7 k €	-69.9%	244,7 k €	-57.6%	577,5 k €	-17.3%	698 k €	-0.3%	700,4 k €	-1.4%	710,7 k €	-0.4%	713,6 k €	-2.2%	729,3 k €	-3.2%	753,8 k €	-4.1%	785,9 k €	-5.0%	827,5 k €	+59.3%	519,5 k €	-12.5%	594 k €	+0.8%	589,3 k €	+5.3%	559,9 k €	-11.3%	631,4 k €	-9.4%	697,1 k €	-7.4%	753,1 k €	-5.1%	793,7 k €
Total assets	2 M €	+69.9%	1,2 M €	+386%	247,1 k €	-57.3%	578,8 k €	-20.2%	725,4 k €	-0.3%	727,9 k €	-1.4%	738,5 k €	-0.3%	740,8 k €	-1.7%	753,9 k €	-3.6%	781,8 k €	-3.9%	813,6 k €	-5.2%	858,5 k €	-9.8%	951,5 k €	+7.8%	882,6 k €	-13.8%	1 M €	+11.0%	921,8 k €	-6.1%	981,3 k €	-11.4%	1,1 M €	-9.8%	1,2 M €	-1.3%	1,2 M €
Cash	72,5 €	-93.2%	1,1 k €	-97.4%	41,1 k €	+630%	5,6 k €	-82.1%	31,5 k €	-35.2%	48,6 k €	+22.7%	39,6 k €	-67.3%	121,2 k €	-45.6%	222,9 k €	-27.7%	308,3 k €	+44.8%	212,9 k €	+10.7%	192,3 k €	-15.5%	227,5 k €	+131%	98,6 k €	-12.3%	112,5 k €	+6.6%	105,5 k €	-0.6%	106,1 k €	-37.6%	170,1 k €	+3.0%	165,2 k €	+64.7%	100,3 k €
Debts	2 M €	+75.1%	1,1 M €	+47040%	2,4 k €	+85.8%	1,3 k €	-95.3%	27,4 k €	0.0%	27,4 k €	-1.3%	27,8 k €	+2.1%	27,2 k €	+11.1%	24,5 k €	-12.3%	28 k €	+1.1%	27,7 k €	-10.7%	31 k €	-92.8%	432 k €	+50.2%	287,7 k €	-33.7%	433,9 k €	+19.9%	361,8 k €	+3.5%	349,5 k €	-14.8%	410,2 k €	-13.5%	474,1 k €	+5.5%	449,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		1,0 ETP	-70.6%	3,4 ETP	-15.0%	4,0 ETP	+11.1%	3,6 ETP	+20.0%	3,0 ETP	+7.1%	2,8 ETP	+3.7%	2,7 ETP	-15.6%	3,2 ETP	0.0%	3,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Group GM

Director · since 05 mai 2026 · 0721.651.096

Represented by MULLENS DAAN

Active

Ended mandates

PB INVEST

Director · since 18 mars 2024 · 0777.389.573

Represented by BOONEN PETER

Ended

Freddy Hulsmans

Director

Ended

Freddy Hulsmans

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
B&M Vastgoedontwikkeling● Active	1036.237.835
GM Investment Group● Active	0742.735.235
GM INVESTMENTS● Active	0721.927.349
GM PROPERTIES● Active	0721.927.250
GM WONINGEN● Active	0705.961.644
IMMO TOP INVEST● Active	0806.089.596
JOPATS● Active	1012.090.278
PB INVEST● Active	0777.389.573
Renaissance Tréfonds● Liquidation	1007.721.221
TRIUM DEVELOPMENT● Active	1036.237.439

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	29/08/2025	19/02/2024	04/07/2023	28/10/2022	06/09/2021
General meeting	09/06/2026	30/06/2025	07/02/2024	16/06/2023	17/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	09/06/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	07/02/2024	19/02/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	04/07/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	28/10/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	06/09/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	05/11/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	28/08/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	08/10/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	31/10/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	22/10/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	03/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	23/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 3 ended

Active mandates

Group GM

Director · since 05 mai 2026 · 0721.651.096

Represented by MULLENS DAAN

Active

Ended mandates

PB INVEST

Director · since 18 mars 2024 · 0777.389.573

Represented by BOONEN PETER

Ended

Freddy Hulsmans

Director

Ended

Freddy Hulsmans

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/11/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/05/2024
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares21/12/2004
BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-6,8 k €↓
2024
Annual accounts 202422 k €↑
2023
Annual accounts 2023-62,4 k €↑
2022
Annual accounts 2022-120,5 k €↓
2022
Name changeIMMO HULSMANS
2021
Annual accounts 2021-2,4 k €↑
2021
Name changeHulsmans
2020
Annual accounts 2020-10,3 k €↓
2019
Annual accounts 2019-2,9 k €↑
2018
Annual accounts 2018-15,8 k €↑
2017
Annual accounts 2017-24,5 k €↑
2016
Annual accounts 2016-32,1 k €↑
2015
Annual accounts 2015-41,6 k €↓
2014
Annual accounts 201437,6 k €↓
2013
Annual accounts 2013239,8 k €↑
2012
Annual accounts 20124,6 k €↓
2011
Annual accounts 201129,4 k €↑
2010
Annual accounts 2010-71,5 k €↓
2009
Annual accounts 2009-65,7 k €↓
2008
Annual accounts 2008-56 k €↓
2007
Annual accounts 2007-40,6 k €↓
2006
Annual accounts 200648,5 k €
01/01/1976
IncorporationPrivate company with limited liability

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

Immo Hulsmans

Overview

What does Immo Hulsmans do?

Trend over 20 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