ACTIVE

HENCORP

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Financial year 2025 · closed on 31/12/2025

Net result

-96,8 k €

+66.6% YoY

Gross margin

1,1 M €

+42.1% YoY

Equity

556 k €

-14.8% YoY

Workforce

20,6 ETP

-5.1% YoY

What does HENCORP do?

HENCORP is a Public limited company incorporated in 1987. Its main activity is: Hotels and similar accommodation. Its registered office is in Houffalize. It employs on average 20,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.574.270

Incorporation

10/11/1987

Legal form

Public limited company

Registered office

Rue du Pont 10
6660 Houffalize · WallonieSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Average workforce

20,6 ETP

Activities (NACE)

55100Hotels and similar accommodation· main 55100Hotels and similar accommodation 55101Hotels and similar accommodation

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	+42.1%	742,9 k €	-7.4%	801,9 k €	-1.5%	813,9 k €	-15.2%	960,1 k €	+45.2%	661 k €	-1.0%	667,9 k €	-1.2%	675,8 k €	-0.3%	677,8 k €	+1.3%	669 k €	-14.7%	784 k €	+14.4%	685,6 k €	+12.6%	608,9 k €	+36.1%	447,3 k €	+76.1%	254 k €	-38.7%	414,2 k €	-17.1%	499,8 k €	-0.1%	500,1 k €	+16.9%	428 k €	-17.2%	517 k €
EBITDA	254 k €	+703%	-42,2 k €	-121%	201,8 k €	-24.8%	268,3 k €	-49.8%	534,8 k €	+76.8%	302,4 k €	+21.2%	249,6 k €	-3.6%	259 k €	-8.3%	282,3 k €	+42.2%	198,5 k €	-37.1%	315,7 k €	+18.4%	266,6 k €	+28.2%	207,9 k €	+139%	86,8 k €	+885%	-11,1 k €	-107%	153 k €	-22.7%	197,8 k €	+29.6%	152,6 k €	+69.3%	90,1 k €	-48.1%	173,5 k €
Operating result	-21,6 k €	+90.7%	-231,5 k €	-7346%	-3,1 k €	-104%	83,5 k €	-76.8%	360,2 k €	+253%	102,1 k €	+179%	36,6 k €	-37.3%	58,4 k €	-44.8%	105,7 k €	+250%	30,2 k €	-75.9%	125,5 k €	+22.7%	102,3 k €	+56.3%	65,4 k €	+215%	-56,9 k €	+65.0%	-162,5 k €	-344%	66,7 k €	-36.6%	105,2 k €	+71.2%	61,5 k €	+848%	-8,2 k €	-123%	35,6 k €
Net result	-96,8 k €	+66.6%	-289,6 k €	-1466%	-18,5 k €	-139%	47,1 k €	-82.7%	272,3 k €	+286%	70,5 k €	+390%	14,4 k €	-52.3%	30,2 k €	-62.4%	80,2 k €	+1378%	5,4 k €	-94.2%	94,2 k €	+37.8%	68,4 k €	+134%	29,3 k €	+127%	-109,3 k €	+46.6%	-204,7 k €	-1440%	15,3 k €	-75.1%	61,4 k €	+437%	11,4 k €	+115%	-78,7 k €	-683%	-10,1 k €
Balance sheet
Equity	556 k €	-14.8%	652,8 k €	-30.7%	942,4 k €	-1.9%	960,9 k €	+5.2%	913,8 k €	+42.4%	641,6 k €	+12.4%	571 k €	+56.5%	364,8 k €	+5.9%	344,6 k €	+25.6%	274,4 k €	+0.2%	274 k €	+48.3%	184,8 k €	+58.7%	116,4 k €	+176%	-152,8 k €	-251%	-43,5 k €	-127%	161,2 k €	+10.5%	145,9 k €	+72.7%	84,5 k €	+15.6%	73,1 k €	-51.9%	151,8 k €
Total assets	2,8 M €	+26.0%	2,2 M €	+62.8%	1,4 M €	-9.6%	1,5 M €	-0.7%	1,5 M €	+13.6%	1,3 M €	-9.0%	1,5 M €	+15.4%	1,3 M €	-0.9%	1,3 M €	+3.2%	1,2 M €	-7.2%	1,3 M €	-1.0%	1,3 M €	-3.7%	1,4 M €	+14.0%	1,2 M €	-11.3%	1,4 M €	+37.4%	1 M €	-4.8%	1,1 M €	+1.5%	1 M €	-11.8%	1,2 M €	-3.9%	1,2 M €
Cash	72,6 k €	-35.4%	112,4 k €	-74.8%	445,3 k €	-36.9%	705,9 k €	+12.1%	629,8 k €	+55.6%	404,8 k €	-15.3%	477,7 k €	+180%	170,4 k €	+16.8%	145,9 k €	+70.3%	85,7 k €	-27.3%	117,9 k €	-35.5%	182,9 k €	+102%	90,6 k €	+56.7%	57,8 k €	-28.9%	81,4 k €	-40.7%	137,3 k €	-2.9%	141,4 k €	+21.0%	116,8 k €	-38.0%	188,3 k €	+34.5%	140 k €
Debts	2,2 M €	+55.2%	1,4 M €	+481%	244,4 k €	-20.8%	308,5 k €	-21.1%	390,8 k €	-29.5%	554,3 k €	-25.8%	747 k €	-16.6%	895,6 k €	-2.9%	922,3 k €	-4.2%	962,3 k €	-7.7%	1 M €	-7.0%	1,1 M €	-12.2%	1,3 M €	-7.1%	1,4 M €	-2.5%	1,4 M €	+67.2%	843,5 k €	-7.2%	908,8 k €	-4.8%	954,4 k €	-13.4%	1,1 M €	+5.1%	1 M €
Other
Workforce	20,6 ETP	-5.1%	21,7 ETP	+28.4%	16,9 ETP	-4.5%	17,7 ETP	-2.7%	18,2 ETP	+17.4%	15,5 ETP	-9.9%	17,2 ETP	-4.4%	18,0 ETP	+5.9%	17,0 ETP	+6.3%	16,0 ETP	+1.3%	15,8 ETP	-4.2%	16,5 ETP	+31.0%	12,6 ETP	+2.4%	12,3 ETP	+48.2%	8,3 ETP	+6.4%	7,8 ETP	-7.1%	8,4 ETP	-18.4%	10,3 ETP	-29.0%	14,5 ETP	+22.9%	11,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

Hospitality Belgium

Director · since 16 octobre 2023 · until 01 juin 2029 · 0836.786.435

Represented by VERMEIREN THIERRY

Active

HYGEIA PROJECTS

Director · since 16 octobre 2023 · until 01 juin 2029 · 0541.894.260

Represented by VANSTALLEN MICHEL

Active

Ended mandates

Hospitality Belgium

Director · since 16 octobre 2023 · until 01 juin 2029 · 0836.786.435

Represented by Vermeiren THIERRY

Ended

HYGEIA PROJECTS

Director · since 16 octobre 2023 · until 01 juin 2029 · 0541.894.260

Represented by Vanstallen MICHEL

Ended

COEN VAN ENSCHOT

Director · since 07 octobre 2020 · until 04 juin 2029

Ended

Coen Van Enschot

Director · since 01 octobre 2020

Ended

At this address

Other companies at this address

Company	CBE no.
B.A.A.A.T. CORPORATION● Active	1000.428.603

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	24/07/2026	30/07/2025	28/06/2024	03/07/2023	20/07/2022	27/08/2021
General meeting	25/06/2026	30/06/2025	03/06/2024	05/06/2023	30/06/2022	30/07/2021
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	25/06/2026	24/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	03/06/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	05/06/2023	03/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	20/07/2022	French	PDF
Abridged model	31/12/2020	30/07/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	30/07/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	02/07/2013	French	PDF
Abridged model	31/12/2011	26/06/2012	24/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	09/06/2010	06/07/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	01/07/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	12/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 21 ended

Active mandates

Hospitality Belgium

Director · since 16 octobre 2023 · until 01 juin 2029 · 0836.786.435

Represented by VERMEIREN THIERRY

Active

HYGEIA PROJECTS

Director · since 16 octobre 2023 · until 01 juin 2029 · 0541.894.260

Represented by VANSTALLEN MICHEL

Active

Ended mandates

Hospitality Belgium

Director · since 16 octobre 2023 · until 01 juin 2029 · 0836.786.435

Represented by Vermeiren THIERRY

Ended

HYGEIA PROJECTS

Director · since 16 octobre 2023 · until 01 juin 2029 · 0541.894.260

Represented by Vanstallen MICHEL

Ended

COEN VAN ENSCHOT

Director · since 07 octobre 2020 · until 04 juin 2029

Ended

Coen Van Enschot

Director · since 01 octobre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates05/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates27/01/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/07/2006
DEMISSIONS, NOMINATIONS
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 2025-96,8 k €↑
2024
Annual accounts 2024-289,6 k €↓
2023
Annual accounts 2023-18,5 k €↓
2022
Annual accounts 202247,1 k €↓
2021
Annual accounts 2021272,3 k €↑
2020
Annual accounts 202070,5 k €↑
2019
Annual accounts 201914,4 k €↓
2018
Annual accounts 201830,2 k €↓
2017
Annual accounts 201780,2 k €↑
2016
Annual accounts 20165,4 k €↓
2015
Annual accounts 201594,2 k €↑
2014
Annual accounts 201468,4 k €↑
2013
Annual accounts 201329,3 k €↑
2012
Annual accounts 2012-109,3 k €↑
2011
Annual accounts 2011-204,7 k €↓
2010
Annual accounts 201015,3 k €↓
2009
Annual accounts 200961,4 k €↑
2008
Annual accounts 200811,4 k €↑
2007
Annual accounts 2007-78,7 k €↓
2006
Annual accounts 2006-10,1 k €
10/11/1987
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

HENCORP

Overview

What does HENCORP do?

Trend over 20 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