ACTIVE

DHR PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

-59,5 k €

+56.3% YoY

Gross margin

-84,6 k €

+47.6% YoY

Equity

2,4 M €

-2.4% YoY

Workforce

0,5 ETP

0.0% YoY

What does DHR PROJECTS do?

DHR PROJECTS is a Public limited company incorporated in 1980. Its main activity is: Development of building projects. Its registered office is in Knokke-Heist. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.734.332

Incorporation

04/06/1980

Legal form

Public limited company

Registered office

Kalfstraat 43
8300 Knokke-Heist · FlandreSee on map

Contributed capital

574 368,06 €

Latest accounts

31/12/2025

Average workforce

0,5 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Joint committees (3)

100
20000
218

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	-84,6 k €	+47.6%	-161,2 k €	-243%	112,5 k €	-93.4%	1,7 M €	+184%	597,6 k €	+1260%	-51,5 k €	-171%	72,9 k €	-61.0%	187,1 k €	+70.0%	110 k €	-30.7%	158,9 k €	+29685%	-537 €
EBITDA	-110,8 k €	+40.4%	-186 k €	-493%	-31,3 k €	-102%	1,4 M €	+205%	454,4 k €	+194%	-482,3 k €	-360%	-104,9 k €	-670%	18,4 k €	+155%	-33,3 k €	-159%	56,2 k €	+156%	-100,2 k €
Operating result	-126,1 k €	+33.1%	-188,6 k €	-458%	-33,8 k €	-102%	1,4 M €	+207%	449,7 k €	+193%	-485,4 k €	-350%	-108 k €	-959%	12,6 k €	+130%	-41,3 k €	-177%	53,7 k €	+150%	-107,9 k €
Net result	-59,5 k €	+56.3%	-136 k €	-1201%	12,3 k €	-99.2%	1,5 M €	+311%	360,4 k €	+178%	-462,5 k €	-387%	-95,1 k €	-876%	12,3 k €	+402%	-4,1 k €	-104%	93,8 k €	+135%	-268,1 k €
Balance sheet
Equity	2,4 M €	-2.4%	2,5 M €	-5.2%	2,6 M €	+0.5%	2,6 M €	+113%	1,2 M €	+3387%	35 k €	+1493%	-2,5 k €	-103%	92,5 k €	+15.3%	80,3 k €	-4.8%	84,4 k €	+366%	-31,7 k €
Total assets	2,5 M €	-1.8%	2,5 M €	-5.5%	2,6 M €	-4.1%	2,8 M €	-65.8%	8,1 M €	+4.1%	7,7 M €	+6.8%	7,2 M €	+30.6%	5,5 M €	-5.5%	5,9 M €	-5.9%	6,2 M €	+70.3%	3,7 M €
Cash	743,7 k €	-18.3%	910,7 k €	+476%	158,2 k €	-91.9%	2 M €	-37.8%	3,2 M €	+1102%	262,6 k €	+947%	25,1 k €	-48.0%	48,3 k €	-88.0%	401,2 k €	-0.2%	402 k €	+942%	38,6 k €
Debts	35,7 k €	+77.2%	20,1 k €	-31.6%	29,4 k €	-81.0%	154,8 k €	-97.7%	6,8 M €	-2.6%	7 M €	-2.7%	7,2 M €	+36.2%	5,3 M €	+12.2%	4,7 M €	-21.2%	6 M €	+68.6%	3,6 M €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	-64.3%	1,4 ETP	-6.7%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+50.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

IMMO HILL

Managing director · since 10 octobre 2022 · until 13 juin 2028 · 0427.066.749

Represented by David Hillewaere

Active

Nathalie Vanden Eynde

Managing director · since 10 octobre 2022 · until 13 juin 2028

Active

Ended mandates

IMMO HILL

Director · since 10 octobre 2022 · until 13 juin 2028 · 0427.066.749

Represented by David HILLEWAERE

Ended

IMMO HILL

Managing director · since 10 octobre 2022 · until 13 juin 2028 · 0427.066.749

Represented by David HILLEWAERE

Ended

Nathalie Vanden Eynde

Director · since 10 octobre 2022 · until 13 juin 2028

Ended

IMMO HILL

Managing director · since 23 décembre 2019 · until 10 juin 2025 · 0427.066.749

Represented by David Hillewaere

Ended

At this address

Other companies at this address

Company	CBE no.
DHR-Latérale● Active	0895.223.787
DHR-Ten Bosch● Active	0893.575.381
HAAGWINDE● Active	0466.731.435
IMMO HILL● Active	0427.066.749
Investeringsmaatschappij van Knokke● Active	0432.322.367
VERABOUW● Active	0431.209.837

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	01/01/2025	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	23/03/2026	07/03/2025	03/04/2024	05/05/2023	25/05/2022	20/05/2021
General meeting	11/03/2026	28/02/2025	18/03/2024	20/04/2023	12/05/2022	04/05/2021
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	11/03/2026	23/03/2026	Dutch	PDF
Abridged model	31/12/2024	28/02/2025	07/03/2025	Dutch	PDF
Abridged model	31/12/2023	18/03/2024	03/04/2024	Dutch	PDF
Abridged model	31/12/2022	20/04/2023	05/05/2023	Dutch	PDF
Abridged model	31/12/2021	12/05/2022	25/05/2022	Dutch	PDF
Abridged model	31/12/2020	04/05/2021	20/05/2021	Dutch	PDF
Abridged model	31/12/2019	26/05/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	13/05/2019	Dutch	PDF
Abridged model	31/12/2017	27/04/2018	07/05/2018	Dutch	PDF
Abridged model	31/12/2016	30/05/2017	14/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	22/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	10/06/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	11/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 17 ended

Active mandates

IMMO HILL

Managing director · since 10 octobre 2022 · until 13 juin 2028 · 0427.066.749

Represented by David Hillewaere

Active

Nathalie Vanden Eynde

Managing director · since 10 octobre 2022 · until 13 juin 2028

Active

Ended mandates

IMMO HILL

Director · since 10 octobre 2022 · until 13 juin 2028 · 0427.066.749

Represented by David HILLEWAERE

Ended

IMMO HILL

Managing director · since 10 octobre 2022 · until 13 juin 2028 · 0427.066.749

Represented by David HILLEWAERE

Ended

Nathalie Vanden Eynde

Director · since 10 octobre 2022 · until 13 juin 2028

Ended

IMMO HILL

Managing director · since 23 décembre 2019 · until 10 juin 2025 · 0427.066.749

Represented by David Hillewaere

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/01/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/11/2011
BENAMING - KAPITAAL - AANDELEN
PDF
Mandates02/12/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2009
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 2025-59,5 k €↑
2024
Annual accounts 2024-136 k €↓
2023
Annual accounts 202312,3 k €↓
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 2021360,4 k €↑
2012
Annual accounts 2012-462,5 k €↓
2011
Annual accounts 2011-95,1 k €↓
2010
Annual accounts 201012,3 k €↑
2009
Annual accounts 2009-4,1 k €↓
2008
Annual accounts 200893,8 k €↑
2006
Annual accounts 2006-268,1 k €
04/06/1980
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

DHR PROJECTS

Overview

What does DHR PROJECTS do?

Trend over 11 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