Hiel Associates
0428.414.356 · rovalta.com · 25/09/2026
NORMAL SITUATION
Hiel Associates
Company — Normal situation.
Financial year 2022 · Closed on 31/12/2022
Net result32,6 k €-9,0 %over 1 year
Gross margin68,1 k €+1,5 %over 1 year
Equity378,2 k €+9,2 %over 1 year
Overview
Identity
Source · BCE/KBOHiel Associates is a company registered in Belgium.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0428.414.356
- Legal form
- Private company with limited liability
- Contributed capital
- 20 000,00 €
- Latest accounts
- 31/12/2022
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Financials
Source · NBB, 36 filingsTrend over 16 financial years
| 2022 | 2021 | 2020 | 2019 | 2017 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 68,1 k € | +1.5% | 67,1 k € | +4.3% | 64,3 k € | -17.3% | 77,8 k € | +12.7% | 69 k € |
| EBITDA | 67,9 k € | +1.9% | 66,6 k € | +4.5% | 63,8 k € | -17.6% | 77,3 k € | +14.2% | 67,7 k € |
| Operating result | 65,6 k € | -0.3% | 65,8 k € | +4.7% | 62,8 k € | -16.9% | 75,5 k € | +27.5% | 59,2 k € |
| Net result | 32,6 k € | -9.0% | 35,9 k € | +26.0% | 28,5 k € | -4.7% | 29,9 k € | +36.7% | 21,8 k € |
| Balance sheet | |||||||||
| Equity | 378,2 k € | +9.2% | 346,3 k € | +11.3% | 311,3 k € | +9.8% | 283,6 k € | +19.4% | 237,5 k € |
| Total assets | 686,6 k € | +6.3% | 646,2 k € | +5.1% | 614,7 k € | +5.6% | 582,3 k € | +12.6% | 517,1 k € |
| Cash | 449,3 k € | +8.0% | 416,1 k € | +9.5% | 380 k € | -1.1% | 384,2 k € | +31.4% | 292,5 k € |
| Debts | 308,4 k € | +2.8% | 299,9 k € | -1.2% | 303,4 k € | +1.6% | 298,8 k € | +6.9% | 279,6 k € |
| Other | |||||||||
| Workforce | – | – | – | – | – | ||||
Board of directors
Source · NBB, accounts to 31/12/20221 active · 3 ended
Active mandates
Herman Hiel
ActiveEnded mandates
Herman Hiel
EndedHerman Hiel
EndedHerman Hiel
EndedFinancials
Full financial information
Source · NBB| 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 | 01/01/2017 | 01/01/2016 |
| Closing of the financial year | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2017 | 31/12/2016 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 14/06/2023 | 11/07/2022 | 20/08/2021 | 24/08/2020 | 24/07/2018 | 20/06/2017 |
| General meeting | 01/06/2023 | 01/06/2022 | 01/06/2021 | 01/06/2020 | 01/06/2018 | 01/06/2017 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 36 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2022 | 01/06/2023 | 14/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 01/06/2022 | 11/07/2022 | Dutch | |
| Micro model | 31/12/2020 | 01/06/2021 | 20/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 01/06/2020 | 24/08/2020 | Dutch | |
| Micro model | 31/12/2017 | 01/06/2018 | 24/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 01/06/2017 | 20/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 01/06/2016 | 28/06/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 24/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 02/06/2014 | 17/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 03/06/2013 | 10/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 30/06/2012 | 29/08/2012 | Dutch | |
| Abridged model | 31/12/2010 | 01/06/2011 | 06/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 01/06/2010 | 18/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/06/2009 | 23/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/06/2008 | 25/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 01/06/2007 | 19/06/2007 | Dutch | |
| Abridged model | 31/12/2005 | 01/06/2006 | 19/06/2006 | Dutch | |
| Abridged model | 31/12/2004 | 01/06/2005 | 17/06/2005 | Dutch | |
| Abridged model | 31/12/2003 | 01/06/2004 | 29/06/2004 | Dutch | |
| Abridged model | 31/12/2002 | 30/06/2003 | 29/09/2003 | Dutch | |
| Abridged model | 31/12/2001 | 30/06/2002 | 28/08/2002 | Dutch | |
| Abridged model | 31/12/2000 | 30/06/2001 | 22/08/2001 | Dutch | |
| Abridged model | 31/12/1999 | 30/06/2000 | 31/07/2000 | Dutch | |
| Abridged model | 31/12/1998 | 22/06/1999 | 20/07/1999 | Dutch |
Valuation
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20221 active · 3 ended
Active mandates
Herman Hiel
ActiveEnded mandates
Herman Hiel
EndedHerman Hiel
EndedHerman Hiel
EndedOwnership and network
Looking for more information about this company?
Try for freePublications
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A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2022Annual accounts 202232,6 k €↓
- 2021Annual accounts 202135,9 k €↑
- 2020Annual accounts 202028,5 k €↓
- 2019Annual accounts 201929,9 k €↑
- 2017Annual accounts 201721,8 k €↑
- 2016Annual accounts 20162 k €↓
- 2015Annual accounts 20159,7 k €↓
- 2014Annual accounts 201414,2 k €↑
- 2013Annual accounts 20136 k €↑
- 2012Annual accounts 2012-3,3 k €↓
- 2011Annual accounts 201125,9 k €↑
- 2010Annual accounts 20105,3 k €↓
- 2009Annual accounts 200917,1 k €↑
- 2008Annual accounts 200814,7 k €↓
- 2007Annual accounts 200716,9 k €↑
- 2006Annual accounts 200613,8 k €