ACTIVE

HULPIAU

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Financial year 2024 · closed on 31/12/2024

Net result

99,1 k €

+525.4% YoY

Gross margin

275 k €

+218.5% YoY

Equity

3,4 M €

+3.0% YoY

What does HULPIAU do?

HULPIAU is a Private limited company incorporated in 1986. Its main activity is: Tanning and dressing of leather; dressing and dyeing of fur. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.082.864

Incorporation

02/07/1986

Legal form

Private limited company

Registered office

Briel (BAA) 19
9200 Dendermonde · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Activities (NACE)

15110Tanning and dressing of leather; dressing and dyeing of fur· main 15110Tanning and dressing of leather; dressing and dyeing of fur 19100Manufacture of coke oven products

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	275 k €	+219%	86,3 k €	-96.2%	2,3 M €	+95.2%	1,2 M €	+174%	426,9 k €	-69.8%	1,4 M €	+182%	501 k €	-2.3%	512,9 k €	+68.2%	304,9 k €	+25.7%	242,6 k €	-6.0%	258,2 k €	-31.7%	378,2 k €	-14.1%	440,1 k €	-3.9%	457,8 k €	-20.8%	578 k €	+9.6%	527,2 k €	+27.8%	412,7 k €
EBITDA	262,4 k €	+237%	77,9 k €	-96.5%	2,2 M €	+161%	860,1 k €	+573%	127,8 k €	-86.9%	976,9 k €	+166%	367,8 k €	-8.5%	401,8 k €	+128%	176,4 k €	+38.1%	127,8 k €	-10.9%	143,4 k €	-44.0%	256,1 k €	-16.4%	306,3 k €	-15.5%	362,5 k €	+0.9%	359,3 k €	-19.1%	444,1 k €	+58.8%	279,7 k €
Operating result	124,8 k €	+1515%	-8,8 k €	-100%	2,2 M €	+195%	752,8 k €	+5672%	-13,5 k €	-102%	723,3 k €	+192%	248 k €	-18.0%	302,3 k €	+271%	81,5 k €	+55.8%	52,3 k €	+17.8%	44,4 k €	-72.2%	159,5 k €	-23.1%	207,5 k €	+6.1%	195,5 k €	-7.9%	212,3 k €	-32.3%	313,6 k €	+109%	150,1 k €
Net result	99,1 k €	+525%	15,9 k €	-99.1%	1,7 M €	+208%	551,3 k €	+4948%	-11,4 k €	-102%	459,7 k €	+276%	122,3 k €	-42.8%	213,8 k €	+169%	79,6 k €	+104%	39,1 k €	+147%	15,8 k €	-89.1%	144,7 k €	+12.5%	128,6 k €	-18.5%	157,9 k €	-1.3%	160 k €	-20.9%	202,2 k €	+112%	95,6 k €
Balance sheet
Equity	3,4 M €	+3.0%	3,3 M €	+0.5%	3,3 M €	+105%	1,6 M €	+51.3%	1,1 M €	-1.1%	1,1 M €	-8.7%	1,2 M €	+11.6%	1,1 M €	+25.4%	842,3 k €	+10.4%	762,7 k €	+5.4%	723,7 k €	-12.9%	831,2 k €	+20.9%	687,3 k €	-24.4%	909,5 k €	+13.2%	803,4 k €	+24.7%	644,2 k €	+45.6%	442,4 k €
Total assets	4 M €	+3.4%	3,9 M €	-7.2%	4,2 M €	+101%	2,1 M €	+14.3%	1,8 M €	-5.5%	1,9 M €	+1.2%	1,9 M €	+3.0%	1,8 M €	+20.0%	1,5 M €	+31.1%	1,2 M €	-20.8%	1,5 M €	+14.0%	1,3 M €	-19.3%	1,6 M €	-10.1%	1,8 M €	+18.5%	1,5 M €	-5.1%	1,6 M €	+2.2%	1,5 M €
Cash	69,4 k €	-64.2%	193,9 k €	-92.5%	2,6 M €	+200%	859,4 k €	+47.2%	583,9 k €	-11.3%	658,5 k €	+7.8%	610,8 k €	+41.8%	430,9 k €	+4.8%	411 k €	+31.6%	312,3 k €	-29.2%	441,1 k €	+9.8%	401,7 k €	+131%	174,3 k €	+134%	74,5 k €	-9.4%	82,3 k €	+48.9%	55,3 k €	-59.7%	137,2 k €
Debts	13,5 k €	-23.4%	17,6 k €	-94.6%	327,5 k €	-27.6%	452,4 k €	-38.9%	740,5 k €	-11.1%	833,4 k €	+17.6%	708,5 k €	-8.8%	776,5 k €	+13.4%	684,7 k €	+70.5%	401,4 k €	-46.2%	746,1 k €	+62.9%	457,9 k €	-49.6%	908,8 k €	+5.1%	864,8 k €	+24.6%	694,3 k €	-25.5%	932,2 k €	-14.6%	1,1 M €
Other
Workforce	–		–		0,1 ETP	-98.8%	8,5 ETP	+6.3%	8,0 ETP	+29.0%	6,2 ETP	+100%	3,1 ETP	+10.7%	2,8 ETP	-3.4%	2,9 ETP	+3.6%	2,8 ETP	+3.7%	2,7 ETP	-12.9%	3,1 ETP	0.0%	3,1 ETP	+19.2%	2,6 ETP	-18.8%	3,2 ETP	+18.5%	2,7 ETP	-44.9%	4,9 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 31/12/2024 · 1 active · 3 ended

Active mandates

Peter Hulpiau

Director · since 08 décembre 1997

Active

Ended mandates

Peter Hulpiau

Manager · since 08 décembre 1997

Ended

Raimond Hulpiau

Manager · until 30 septembre 2013

Ended

Raimond Hulpiau

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Hulpiau Hides● Active	0777.875.662

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/12/2022	01/12/2021	01/12/2020	01/12/2019	01/01/2018
Closing of the financial year	31/12/2024	31/12/2023	30/11/2022	30/11/2021	30/11/2020	30/11/2019
Length of the financial year	12 months	13 months	12 months	12 months	12 months	23 months
Filing date	08/10/2025	07/10/2024	30/06/2023	30/06/2022	30/06/2021	10/08/2020
General meeting	30/05/2025	29/06/2024	30/05/2023	31/05/2022	31/05/2021	24/07/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/05/2025	08/10/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	07/10/2024	Dutch	PDF
Abridged model	30/11/2022	30/05/2023	30/06/2023	Dutch	PDF
Abridged model	30/11/2021	31/05/2022	30/06/2022	Dutch	PDF
Abridged model	30/11/2020	31/05/2021	30/06/2021	Dutch	PDF
Abridged model	30/11/2019	24/07/2020	10/08/2020	Dutch	PDF
Abridged modelCorrection	31/12/2017	15/06/2018	19/10/2018	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	23/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	09/09/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	16/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/03/2008	30/09/2008	28/11/2008	Dutch	PDF
Abridged model	31/03/2007	11/09/2007	29/10/2007	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 31/12/2024 · 1 active · 3 ended

Active mandates

Peter Hulpiau

Director · since 08 décembre 1997

Active

Ended mandates

Peter Hulpiau

Manager · since 08 décembre 1997

Ended

Raimond Hulpiau

Manager · until 30 septembre 2013

Ended

Raimond Hulpiau

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/06/2023
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other03/05/2019
BOEKJAAR
PDF
Registered office30/04/2018
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares30/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other14/04/2009
BOEKJAAR - 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

2024
Annual accounts 202499,1 k €↑
2023
Annual accounts 202315,9 k €↓
2022
Annual accounts 20221,7 M €↑
2021
Annual accounts 2021551,3 k €↑
2020
Annual accounts 2020-11,4 k €↓
2019
Annual accounts 2019459,7 k €↑
2017
Annual accounts 2017122,3 k €↓
2016
Annual accounts 2016213,8 k €↑
2015
Annual accounts 201579,6 k €↑
2014
Annual accounts 201439,1 k €↑
2013
Annual accounts 201315,8 k €↓
2012
Annual accounts 2012144,7 k €↑
2011
Annual accounts 2011128,6 k €↓
2010
Annual accounts 2010157,9 k €↓
2009
Annual accounts 2009160 k €↓
2008
Annual accounts 2008202,2 k €↑
2007
Annual accounts 200795,6 k €
02/07/1986
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

HULPIAU

Overview

What does HULPIAU do?

Trend over 17 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