ACTIVE

HLF

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Financial year 2025 · closed on 30/06/2025

Net result

189,1 k €

-61.7% YoY

Gross margin

-48,5 k €

+68.6% YoY

Equity

24,3 M €

+0.8% YoY

Workforce

2,0 ETP

0.0% YoY

What does HLF do?

HLF is a Private limited company incorporated in 1979. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Etterbeek. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.902.805

Incorporation

31/10/1979

Legal form

Private limited company

Registered office

Boulevard Louis Schmidt 97
1040 Etterbeek · BruxellesSee on map

Contributed capital

6 043 570,00 €

Latest accounts

30/06/2025

Average workforce

2,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 69201Accounting, bookkeeping and auditing activities; tax consultancy 69209Accounting, bookkeeping and auditing activities; tax consultancy

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2010
Income statement
Gross margin	-48,5 k €	+68.6%	-154,5 k €	+21.4%	-196,6 k €	-46.4%	-134,3 k €	-129%	466,2 k €	+2525%	-19,2 k €	+19.9%	-24 k €	-226%	19,1 k €	+139%	-48,5 k €	+44.3%	-87,1 k €	+80.8%	-454,8 k €	-1584%	-27 k €	-118%	147,9 k €
EBITDA	-396,8 k €	+20.4%	-498,5 k €	+4.8%	-523,5 k €	-18.6%	-441,6 k €	-310%	210,2 k €	+177%	-272,9 k €	-4.3%	-261,7 k €	-39.8%	-187,3 k €	+19.2%	-231,7 k €	-99.2%	-116,3 k €	+74.9%	-463,2 k €	-1262%	-34 k €	-128%	119,8 k €
Operating result	-672,7 k €	+11.7%	-761,4 k €	+3.2%	-787 k €	-13.1%	-696 k €	-1720%	-38,2 k €	+92.6%	-517,4 k €	-8.1%	-478,5 k €	-20.8%	-396,1 k €	+9.2%	-436,5 k €	-41.2%	-309,2 k €	+51.3%	-634,7 k €	-254%	-179,1 k €	-85.4%	-96,6 k €
Net result	189,1 k €	-61.7%	493,6 k €	+4.6%	472 k €	-25.2%	630,9 k €	-98.8%	51,5 M €	+14154%	-366,3 k €	+30.8%	-529,3 k €	+4.7%	-555,5 k €	-106%	9,7 M €	+2102%	441 k €	+235%	-326 k €	-105%	6,7 M €	-59.0%	16,2 M €
Balance sheet
Equity	24,3 M €	+0.8%	24,1 M €	-74.1%	93,1 M €	-0.0%	93,2 M €	+0.4%	92,8 M €	+125%	41,3 M €	-0.9%	41,6 M €	-1.3%	42,2 M €	-3.6%	43,7 M €	+47.4%	29,7 M €	+1.5%	29,2 M €	+0.5%	29,1 M €	+37.7%	21,1 M €
Total assets	30,6 M €	-69.4%	100 M €	-1.0%	101 M €	+0.3%	100,7 M €	+1.0%	99,7 M €	+72.1%	57,9 M €	+19.5%	48,5 M €	-15.5%	57,4 M €	+9.0%	52,6 M €	+18.6%	44,4 M €	+1.3%	43,8 M €	-4.0%	45,7 M €	-22.2%	58,7 M €
Cash	524,7 k €	+114%	244,6 k €	-40.8%	413,5 k €	-82.4%	2,3 M €	-43.3%	4,1 M €	+48.2%	2,8 M €	-76.9%	12,1 M €	+683%	1,5 M €	+35.2%	1,1 M €	-28.6%	1,6 M €	+671%	207,5 k €	-95.6%	4,7 M €	+212%	1,5 M €
Debts	1,3 M €	-98.2%	70,8 M €	+2444%	2,8 M €	+13.5%	2,5 M €	+38.2%	1,8 M €	-84.5%	11,5 M €	+613%	1,6 M €	-83.9%	10 M €	+176%	3,6 M €	-64.5%	10,2 M €	+1.4%	10 M €	-16.5%	12 M €	-63.6%	33 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 6 ended

Active mandates

Pierre-Jean Wallon

Director · since 16 novembre 2023

Active

Christine Rasseneur

Director · since 26 octobre 2012

Active

Ended mandates

François-Xavier de Mevius

Director · since 01 avril 2019 · until 16 novembre 2023

Ended

François-Xavier de Mevius

Director · since 01 avril 2019

Ended

François-Xavier de Mevius

Manager · since 01 avril 2019

Ended

Christine Rasseneur

Manager · since 26 octobre 2012

Ended

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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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/12/2025	07/01/2025	18/12/2023	16/12/2022	07/03/2022	26/01/2021
General meeting	27/10/2025	27/12/2024	27/10/2023	28/10/2022	28/02/2022	30/10/2020
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	30/06/2025	27/10/2025	15/12/2025	French	PDF
Abridged model	30/06/2024	27/12/2024	07/01/2025	French	PDF
Abridged model	30/06/2023	27/10/2023	18/12/2023	French	PDF
Abridged model	30/06/2022	28/10/2022	16/12/2022	French	PDF
Abridged model	30/06/2021	28/02/2022	07/03/2022	French	PDF
Abridged model	30/06/2020	30/10/2020	26/01/2021	French	PDF
Abridged model	30/06/2019	25/10/2019	26/11/2019	French	PDF
Abridged model	30/06/2018	26/10/2018	27/11/2018	French	PDF
Abridged model	30/06/2017	27/10/2017	24/11/2017	French	PDF
Abridged model	30/06/2016	28/10/2016	08/11/2016	French	PDF
Abridged model	30/06/2015	30/10/2015	04/12/2015	French	PDF
Abridged model	30/06/2014	24/10/2014	30/01/2015	French	PDF
Abridged model	30/06/2013	25/10/2013	30/12/2013	French	PDF
Abridged model	30/06/2012	26/10/2012	10/12/2012	French	PDF
Abridged model	30/06/2011	28/10/2011	22/12/2011	French	PDF
Abridged model	30/06/2010	25/10/2010	03/12/2010	French	PDF
Abridged model	30/06/2009	23/10/2009	26/11/2009	French	PDF
Abridged model	30/06/2008	24/10/2008	24/11/2008	French	PDF
Abridged model	30/06/2007	16/11/2007	17/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/06/2025 · 2 active · 6 ended

Active mandates

Pierre-Jean Wallon

Director · since 16 novembre 2023

Active

Christine Rasseneur

Director · since 26 octobre 2012

Active

Ended mandates

François-Xavier de Mevius

Director · since 01 avril 2019 · until 16 novembre 2023

Ended

François-Xavier de Mevius

Director · since 01 avril 2019

Ended

François-Xavier de Mevius

Manager · since 01 avril 2019

Ended

Christine Rasseneur

Manager · since 26 octobre 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates23/04/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates09/03/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/01/2017
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares18/01/2017
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office05/04/2016
SIEGE SOCIAL
PDF
Mandates28/12/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2009
DEMISSIONS, NOMINATIONS
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 2025189,1 k €↓
2024
Annual accounts 2024493,6 k €↑
2023
Annual accounts 2023472 k €↓
2022
Annual accounts 2022630,9 k €↓
2021
Annual accounts 202151,5 M €↑
2020
Annual accounts 2020-366,3 k €↑
2019
Annual accounts 2019-529,3 k €↑
2018
Annual accounts 2018-555,5 k €↓
2017
Annual accounts 20179,7 M €↑
2016
Annual accounts 2016441 k €↑
2015
Annual accounts 2015-326 k €↓
2013
Annual accounts 20136,7 M €↓
2010
Annual accounts 201016,2 M €
31/10/1979
IncorporationPrivate 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

HLF

Overview

What does HLF do?

Trend over 13 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