ACTIVE

HLM - INFORMATICS

Financial year 2025 · closed on 31/12/2025
Net result
13,7 k €
+200.8% YoY
Gross margin
42,3 k €
+24.6% YoY
Equity
124,9 k €
+10.9% YoY

What does HLM - INFORMATICS do?

HLM - INFORMATICS is a Cooperative company with limited liability incorporated in 1987. Its main activity is: Computer programming activities. Its registered office is in Welkenraedt.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0432.077.887
Incorporation
21/09/1987
Legal form
Cooperative company with limited liability
Registered office
Rue de l'Usine 2
4840 Welkenraedt · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Joint committees (7)
  • 100
  • 111
  • 149
  • 14904
  • 201
  • 209
  • 218
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin42,3 k €33,9 k €32 k €38,9 k €35,8 k €55,2 k €114,2 k €108 k €150,2 k €131,4 k €146,3 k €118,4 k €118,5 k €122,3 k €186,8 k €135,7 k €126,6 k €124 k €139,5 k €124,6 k €
EBITDA39 k €30,8 k €29,2 k €36,5 k €33,2 k €46,4 k €56,4 k €34,8 k €53,3 k €52,8 k €65,5 k €51,2 k €58,5 k €49,9 k €94,1 k €46,8 k €38 k €49,1 k €62,1 k €41,5 k €
Operating result15,6 k €10,4 k €10,1 k €19,4 k €25 k €39,9 k €47,1 k €26,6 k €45,5 k €46,3 k €51,9 k €23,4 k €43,3 k €34,3 k €82,3 k €26,3 k €18,9 k €26,1 k €37,7 k €22,9 k €
Net result13,7 k €4,5 k €2,8 k €9,9 k €16,1 k €29,2 k €27,8 k €14,7 k €24,5 k €26,1 k €26,6 k €126,6 k €10,8 k €14,6 k €44,4 k €4,2 k €7,4 k €-312 €13,4 k €1,3 k €
Balance sheet
Equity124,9 k €112,6 k €133 k €154,7 k €146,5 k €158,4 k €157,7 k €353,2 k €339 k €315 k €289,4 k €263,3 k €137,1 k €135,9 k €121,9 k €78,1 k €76,2 k €67,1 k €64,7 k €49,7 k €
Total assets216,9 k €339,8 k €318 k €323 k €340,7 k €227,3 k €405,7 k €429,4 k €386,7 k €405,1 k €405,3 k €414 k €413,5 k €465,8 k €522,5 k €442,6 k €476,6 k €448,6 k €474,8 k €467,7 k €
Cash26,5 k €151,4 k €136,2 k €134 k €146,1 k €147,2 k €125,1 k €204,6 k €130,9 k €177,4 k €52,9 k €125,1 k €46,6 k €18,5 k €64,3 k €33,2 k €8,3 k €14,9 k €12,8 k €505 €
Debts88,2 k €213,4 k €175,1 k €161,5 k €188,6 k €66,5 k €243 k €72 k €43,1 k €86,3 k €111,8 k €142 k €271,4 k €325,7 k €395,2 k €358,5 k €395,5 k €376,3 k €404 k €410,9 k €
Other
Workforce0,6 ETP3,0 ETP4,6 ETP5,1 ETP4,7 ETP5,0 ETP4,5 ETP4,6 ETP4,4 ETP3,7 ETP3,4 ETP3,6 ETP2,9 ETP3,2 ETP4,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Herbert MÜLLENDER

Director · since 27 décembre 2013 · until 25 octobre 2025

Active
Daniel MÜLLENDER

Director · since 10 décembre 2013

Active
Josée KAULMANN

Director · since 01 août 2005 · until 25 octobre 2025

Active

Ended mandates

Herbert MÜLLENDER

Director · since 27 décembre 2013

Ended
Josée KAULMANN

Director · since 01 août 2005

Ended
Josée KAULMANN

Administrator - manager · since 01 août 2005

Ended
Werner MÜLLENDER

Director · since 01 août 2005 · until 10 décembre 2013

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/08/202618/07/202519/07/202422/06/202312/07/202213/07/2021
General meeting29/07/202620/06/202530/06/202423/05/202310/06/202211/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202529/07/202612/08/2026FrenchPDF
Micro model31/12/202420/06/202518/07/2025FrenchPDF
Micro model31/12/202330/06/202419/07/2024FrenchPDF
Micro model31/12/202223/05/202322/06/2023FrenchPDF
Abridged model31/12/202110/06/202212/07/2022FrenchPDF
Abridged model31/12/202011/05/202113/07/2021FrenchPDF
Abridged model31/12/201910/06/202016/06/2020FrenchPDF
Abridged model31/12/201814/05/201928/08/2019FrenchPDF
Abridged model31/12/201708/05/201831/08/2018FrenchPDF
Abridged model31/12/201609/05/201728/08/2017FrenchPDF
Abridged model31/12/201510/05/201612/08/2016FrenchPDF
Abridged model31/12/201412/05/201519/08/2015GermanPDF
Abridged model31/12/201313/05/201426/08/2014GermanPDF
Abridged model31/12/201214/05/201319/08/2013GermanPDF
Abridged model31/12/201108/05/201217/08/2012GermanPDF
Abridged model31/12/201010/05/201126/08/2011GermanPDF
Abridged model31/12/200911/05/201015/06/2010GermanPDF
Abridged model31/12/200805/05/200924/08/2009GermanPDF
Abridged model31/12/200715/05/200805/08/2008GermanPDF
Abridged model31/12/200608/05/200723/07/2007GermanPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 8 ended

Active mandates

Herbert MÜLLENDER

Director · since 27 décembre 2013 · until 25 octobre 2025

Active
Daniel MÜLLENDER

Director · since 10 décembre 2013

Active
Josée KAULMANN

Director · since 01 août 2005 · until 25 octobre 2025

Active

Ended mandates

Herbert MÜLLENDER

Director · since 27 décembre 2013

Ended
Josée KAULMANN

Director · since 01 août 2005

Ended
Josée KAULMANN

Administrator - manager · since 01 août 2005

Ended
Werner MÜLLENDER

Director · since 01 août 2005 · until 10 décembre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/12/2025
    Démission
    PDF
  • Other05/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Capital / shares20/05/2019
    CAPITAL, ACTIONS
    PDF
  • Registered office23/02/2017
    SIEGE SOCIAL
    PDF
  • Registered office09/05/2014
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
    PDF
  • Mandates16/01/2014
    KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG
    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

Timeline

  1. 2025
    Annual accounts 202513,7 k €
  2. 2024
    Annual accounts 20244,5 k €
  3. 2023
    Annual accounts 20232,8 k €
  4. 2022
    Annual accounts 20229,9 k €
  5. 2021
    Annual accounts 202116,1 k €
  6. 2020
    Annual accounts 202029,2 k €
  7. 2019
    Annual accounts 201927,8 k €
  8. 2018
    Annual accounts 201814,7 k €
  9. 2017
    Annual accounts 201724,5 k €
  10. 2016
    Annual accounts 201626,1 k €
  11. 2015
    Annual accounts 201526,6 k €
  12. 2014
    Annual accounts 2014126,6 k €
  13. 2013
    Annual accounts 201310,8 k €
  14. 2012
    Annual accounts 201214,6 k €
  15. 2011
    Annual accounts 201144,4 k €
  16. 2010
    Annual accounts 20104,2 k €
  17. 2009
    Annual accounts 20097,4 k €
  18. 2008
    Annual accounts 2008-312 €
  19. 2007
    Annual accounts 200713,4 k €
  20. 2006
    Annual accounts 20061,3 k €
  21. 21/09/1987
    IncorporationCooperative company with limited liability