ACTIVE

HICEWA

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

615 k €

+577.7% YoY

Gross margin

1,3 M €

+150.2% YoY

Equity

7,1 M €

-28.8% YoY

Workforce

5,0 ETP

-47.4% YoY

What does HICEWA do?

HICEWA is a Public limited company incorporated in 1981. Its main activity is: Operation of sports facilities. Its registered office is in Temse. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.652.367

Incorporation

09/06/1981

Legal form

Public limited company

Registered office

Kapelanielaan 17
9140 Temse · FlandreSee on map

Contributed capital

6 500 000,00 €

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Activities (NACE)

93110Operation of sports facilities· main 93110Operation of sports facilities 56220Event catering and other food service activities 56290Other food service activities 92613Gambling and betting activities

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,3 M €	+150%	522,4 k €	+24.4%	419,8 k €	-27.3%	577,8 k €	+3.2%	560 k €	+12.0%	499,9 k €	-37.7%	801,9 k €	+15.4%	694,9 k €		–		–		–		–		408,4 k €	+35.3%	301,9 k €	+97.5%	152,9 k €	+388%	-53 k €	-273%	-14,2 k €	-699%	2,4 k €
EBITDA	765,6 k €	+477%	132,6 k €	+492%	22,4 k €	-88.3%	192,1 k €	+25.7%	152,9 k €	+71.8%	89 k €	-82.6%	511,3 k €	+20.8%	423,1 k €	+85.3%	228,3 k €	-58.3%	547,1 k €	+403%	108,7 k €	-59.5%	268,1 k €	+131%	116,2 k €	+51.2%	76,9 k €	+366%	-28,9 k €	+76.1%	-121,3 k €	-183%	-42,9 k €	-907%	-4,3 k €
Operating result	629,3 k €	+642%	-116,2 k €	+49.6%	-230,7 k €	-270%	-62,3 k €	+30.0%	-89 k €	-63.7%	-54,4 k €	-114%	383,8 k €	+16.6%	329,1 k €	+134%	140,7 k €	-69.5%	462,1 k €	+2482%	17,9 k €	-89.8%	176,1 k €	+484%	30,2 k €	+952%	-3,5 k €	+96.6%	-102,8 k €	+32.4%	-152 k €	-187%	-52,9 k €	-301%	-13,2 k €
Net result	615 k €	+578%	-128,7 k €	+46.9%	-242,4 k €	-214%	-77,3 k €	+18.5%	-94,8 k €	-30.8%	-72,5 k €	-123%	310,5 k €	-1.0%	313,7 k €	+132%	135,5 k €	-70.4%	457,5 k €	+3090%	14,3 k €	-91.5%	168,6 k €	+651%	22,4 k €	+637%	-4,2 k €	+96.8%	-129,8 k €	-8.0%	-120,2 k €	-62.6%	-73,9 k €	-904%	-7,4 k €
Balance sheet
Equity	7,1 M €	-28.8%	10 M €	-1.3%	10,2 M €	-1.1%	10,3 M €	-0.7%	10,3 M €	+83.3%	5,6 M €	-1.3%	5,7 M €	+5.7%	5,4 M €	+6.2%	5,1 M €	+2.7%	5 M €	+10.2%	4,5 M €	+0.3%	4,5 M €	+3.9%	4,3 M €	+0.5%	4,3 M €	-0.1%	4,3 M €	+53.4%	2,8 M €	+164%	1,1 M €	+3.3%	1 M €
Total assets	7,3 M €	-36.0%	11,4 M €	-1.7%	11,6 M €	+0.3%	11,5 M €	-3.9%	12 M €	+59.2%	7,5 M €	+11.1%	6,8 M €	+3.8%	6,5 M €	+6.5%	6,1 M €	+7.9%	5,7 M €	-0.4%	5,7 M €	+17.7%	4,9 M €	+4.9%	4,6 M €	+2.5%	4,5 M €	+4.0%	4,3 M €	+1.6%	4,3 M €	+283%	1,1 M €	+8.1%	1 M €
Cash	161,4 k €	-9.0%	177,4 k €	+9.2%	162,4 k €	-55.1%	361,3 k €	+60.2%	225,5 k €	+451%	40,9 k €	-80.1%	205,5 k €	-7.9%	223,1 k €	+115%	103,6 k €	-64.3%	290,5 k €	+428%	55 k €	+15.3%	47,7 k €	+22.8%	38,8 k €	+138%	16,3 k €	-73.0%	60,3 k €	-5.8%	64,1 k €	+208%	20,8 k €	+3193%	632,5 €
Debts	139,1 k €	-89.7%	1,4 M €	-4.6%	1,4 M €	+11.7%	1,3 M €	-23.3%	1,7 M €	-12.6%	1,9 M €	+77.3%	1,1 M €	-5.5%	1,1 M €	+8.2%	1 M €	+50.5%	692,7 k €	-42.8%	1,2 M €	+229%	367,7 k €	+18.1%	311,4 k €	+75.3%	177,6 k €	+297%	44,8 k €	-97.0%	1,5 M €	+2642%	53,7 k €	+1339%	3,7 k €
Other
Workforce	5,0 ETP	-47.4%	9,5 ETP	-7.8%	10,3 ETP	+2.0%	10,1 ETP	-12.2%	11,5 ETP	+5.5%	10,9 ETP	+22.5%	8,9 ETP	+9.9%	8,1 ETP	+6.6%	7,6 ETP	-8.4%	8,3 ETP	0.0%	8,3 ETP	-2.4%	8,5 ETP	-3.4%	8,8 ETP	+29.4%	6,8 ETP	+11.5%	6,1 ETP	+64.9%	3,7 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 31/12/2025 · 3 active · 19 ended

Active mandates

Patrick D'Eer

Managing director · since 03 septembre 2025 · until 09 mai 2031

Active

Sarah D'Eer

Director · since 03 septembre 2025 · until 09 mai 2031

Active

Vandooren Marc

Director · since 03 septembre 2025 · until 09 mai 2031

Active

Ended mandates

Sarah D'Eer

Director · since 06 juillet 2022 · until 31 mars 2026

Ended

Patrick D'Eer

Managing director · since 31 mars 2020 · until 31 mars 2026

Ended

Suzy Cornelis

Director · since 31 mars 2020 · until 06 juillet 2022

Ended

Suzy Cornelis

Director · since 31 mars 2020 · until 31 mars 2026

Ended

At this address

Other companies at this address

Company	CBE no.
KAPELANIE● Active	1033.787.297
MODEMAKERS FASHION● Active	0476.590.989

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	03/07/2026	16/06/2025	23/06/2024	19/06/2023	06/07/2022	05/07/2021
General meeting	12/06/2026	27/05/2025	14/06/2024	15/06/2023	05/07/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/05/2025	16/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	23/06/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	05/07/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	14/05/2018	24/05/2018	Dutch	PDF
Abridged model	31/12/2016	12/05/2017	23/05/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	10/06/2015	19/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	12/06/2014	Dutch	PDF
Full model	31/12/2012	23/05/2013	14/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	08/04/2011	08/04/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	26/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	15/05/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	11/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	12/06/2007	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 31/12/2025 · 3 active · 19 ended

Active mandates

Patrick D'Eer

Managing director · since 03 septembre 2025 · until 09 mai 2031

Active

Sarah D'Eer

Director · since 03 septembre 2025 · until 09 mai 2031

Active

Vandooren Marc

Director · since 03 septembre 2025 · until 09 mai 2031

Active

Ended mandates

Sarah D'Eer

Director · since 06 juillet 2022 · until 31 mars 2026

Ended

Patrick D'Eer

Managing director · since 31 mars 2020 · until 31 mars 2026

Ended

Suzy Cornelis

Director · since 31 mars 2020 · until 06 juillet 2022

Ended

Suzy Cornelis

Director · since 31 mars 2020 · until 31 mars 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/09/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2020
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other28/02/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office16/07/2010
wijziging maatschappelijke zetel
PDF
Mandates30/04/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/12/2009
DOEL - 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 2025615 k €↑
2024
Annual accounts 2024-128,7 k €↑
2023
Annual accounts 2023-242,4 k €↓
2022
Annual accounts 2022-77,3 k €↑
2021
Annual accounts 2021-94,8 k €↓
2018
Annual accounts 2018-72,5 k €↓
2017
Annual accounts 2017310,5 k €↓
2016
Annual accounts 2016313,7 k €↑
2015
Annual accounts 2015135,5 k €↓
2014
Annual accounts 2014457,5 k €↑
2013
Annual accounts 201314,3 k €↓
2012
Annual accounts 2012168,6 k €↑
2011
Annual accounts 201122,4 k €↑
2010
Annual accounts 2010-4,2 k €↑
2009
Annual accounts 2009-129,8 k €↓
2008
Annual accounts 2008-120,2 k €↓
2007
Annual accounts 2007-73,9 k €↓
2006
Annual accounts 2006-7,4 k €
09/06/1981
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

HICEWA

Overview

What does HICEWA do?

Trend over 18 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