ACTIVE

HUDEMA

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Financial year 2025 · closed on 31/12/2025

Net result

1 M €

-88.4% YoY

Revenue

882,7 k €

+5.3% YoY

Equity

26,4 M €

+4.1% YoY

Workforce

0,2 ETP

What does HUDEMA do?

HUDEMA is a Public limited company incorporated in 1987. Its main activity is: Development of building projects. Its registered office is in Namur. It employs on average 0,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.945.246

Incorporation

18/12/1987

Legal form

Public limited company

Registered office

Rue de Coquelet 134
5000 Namur · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,2 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008
Income statement
Revenue	882,7 k €	+5.3%	837,9 k €	+4.2%	804,3 k €	+9.3%	735,6 k €	+3.1%	713,4 k €	-5.1%	751,5 k €	+16.3%	646,2 k €	-49.9%	1,3 M €	+39.4%	924,9 k €	-49.9%	1,8 M €		–		425,3 k €	+1.3%	419,8 k €	+1.6%	413,3 k €	+3.5%	399,5 k €	-5.0%	420,6 k €	+1.1%	416,2 k €
EBITDA	635 k €	+5.7%	601 k €	+2.9%	584,2 k €	+11.5%	523,7 k €	-10.8%	586,9 k €	-16.3%	701,2 k €	+30.0%	539,2 k €	+30.6%	413 k €	-18.2%	504,9 k €	-32.9%	752,3 k €	+79.3%	419,5 k €	+14.6%	366 k €	+2.5%	356,9 k €	+5.6%	338,1 k €	+11.7%	302,7 k €	-15.3%	357,4 k €	+0.8%	354,4 k €
Operating result	566,2 k €	+9.3%	518,1 k €	+9.7%	472,3 k €	+14.7%	411,8 k €	-12.2%	469 k €	-17.6%	568,9 k €	+137%	240,1 k €	-26.8%	328,3 k €	-21.8%	419,6 k €	-36.9%	665,3 k €	+104%	325,9 k €	+225%	100,1 k €	-51.6%	207,1 k €	+12.0%	185 k €	+17.1%	158 k €	-12.7%	181 k €	+2.8%	176,1 k €
Net result	1 M €	-88.4%	8,9 M €	+875%	907,6 k €	-40.5%	1,5 M €	+2234%	65,4 k €	-83.3%	391,2 k €	+248%	112,4 k €	-36.7%	177,5 k €	-18.9%	218,9 k €	-45.2%	399,1 k €	+192%	136,6 k €	+411%	26,7 k €	-83.6%	163 k €	+52.7%	106,7 k €	-45.5%	195,8 k €	+154%	77,2 k €	+477%	13,4 k €
Balance sheet
Equity	26,4 M €	+4.1%	25,4 M €	+503%	4,2 M €	+27.5%	3,3 M €	+85.8%	1,8 M €	+3.8%	1,7 M €	+29.6%	1,3 M €	+9.3%	1,2 M €	+17.2%	1 M €	+26.9%	813,2 k €	+96.4%	414,1 k €	+49.2%	277,5 k €	+10.7%	250,8 k €	+186%	87,8 k €	+564%	-18,9 k €	+93.4%	-288,5 k €	+21.1%	-365,7 k €
Total assets	53,3 M €	-17.1%	64,3 M €	+93.5%	33,3 M €	+7.9%	30,8 M €	+3.1%	29,9 M €	+405%	5,9 M €	-2.5%	6,1 M €	+16.6%	5,2 M €	-7.5%	5,6 M €	-6.0%	6 M €	+46.0%	4,1 M €	+45.5%	2,8 M €	+43.8%	2 M €	+1.3%	1,9 M €	-7.6%	2,1 M €	-20.9%	2,6 M €	-6.7%	2,8 M €
Cash	1,2 M €	-62.2%	3,1 M €	+456%	560,6 k €	-30.2%	803,7 k €	+68.5%	477 k €	+22.0%	390,9 k €	+70.6%	229,1 k €	-59.9%	572 k €	+250%	163,5 k €	+48.8%	109,9 k €	-34.2%	167,1 k €	+190%	57,7 k €	-38.8%	94,4 k €	+804%	10,4 k €	+56.3%	6,7 k €	+4209%	155 €	-98.3%	9 k €
Debts	26,9 M €	-30.9%	38,9 M €	+34.2%	29 M €	+5.5%	27,5 M €	-2.3%	28,1 M €	+568%	4,2 M €	-10.9%	4,7 M €	+19.0%	4 M €	-13.1%	4,6 M €	-11.2%	5,1 M €	+40.8%	3,7 M €	+44.0%	2,5 M €	+48.7%	1,7 M €	-7.2%	1,8 M €	-12.8%	2,1 M €	-28.0%	2,9 M €	-8.3%	3,2 M €
Other
Workforce	0,2 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 · 8 active · 28 ended

Active mandates

Alexandre HURBAIN

Director · since 01 janvier 2026 · until 27 avril 2029

Active

Marguerite DEFOURT

Director · since 01 janvier 2026 · until 27 avril 2029

Active

Pauline DEFOURT

Director · since 01 janvier 2026 · until 27 avril 2029

Active

Bernard MARCHANT

Director · since 30 août 2022 · until 06 novembre 2025

Active

Eric MALRAIN

Director · since 30 août 2022 · until 06 novembre 2025

Active

Manon MARCHANT

Director · since 30 août 2022 · until 27 avril 2029

Active

Maximilien DEFOURT

Director · since 30 août 2022 · until 01 janvier 2026

Active

Victor HURBAIN

Director · since 30 août 2022 · until 27 avril 2029

Active

Ended mandates

Bernard MARCHANT

Director · since 30 août 2022 · until 27 avril 2029

Ended

Eric MALRAIN

Director · since 30 août 2022 · until 27 avril 2029

Ended

Maximilien DEFOURT

Director · since 30 août 2022 · until 27 avril 2029

Ended

Bernard MARCHANT

Director · since 21 décembre 2020 · until 26 avril 2024

Ended

At this address

Other companies at this address

Company	CBE no.
AFFICHAGE URBAIN● Active	0862.461.939
CODATA SERVICES● Active	0505.976.645
CONTRASTE DIGITAL● Active	0446.689.057
DIRECT PRESSE● Active	1010.873.721
ENTREPRENEURS INSPIRANTS● Active	1027.821.995
GROUPE SUDMEDIA● Active	0464.786.980
INTERFONE BELGIUM● Active	0848.093.665
MAGIC PAY● Active	1008.260.758
MEDIA INSIDE● Active	0784.921.426
MOOVIZZ● Active	0461.819.968
MOTORCYCLE INVESTMENT GROUP● Active	0678.982.578
SOCIETE DES JOURNALISTES PROFESSIONNELS DE SUD PRESSE● Active	0869.880.756
SPORT INVESTMENT GROUP● Active	0784.920.337
SPORTS & MEDIA SALESHOUSE● Active	0697.888.769
ZELOS● Active	0695.625.206
ZELOS EVENTS● Active	0600.822.552

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	20/08/2026	04/06/2025	27/05/2024	27/06/2023	08/06/2022	12/07/2021
General meeting	24/04/2026	31/01/2025	26/04/2024	28/04/2023	29/04/2022	30/04/2021
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	24/04/2026	20/08/2026	French	PDF
Abridged model	31/12/2024	31/01/2025	04/06/2025	French	PDF
Abridged model	31/12/2023	26/04/2024	27/05/2024	French	PDF
Abridged model	31/12/2022	28/04/2023	27/06/2023	French	PDF
Abridged model	31/12/2021	29/04/2022	08/06/2022	French	PDF
Abridged model	31/12/2020	30/04/2021	12/07/2021	French	PDF
Abridged model	31/12/2019	24/04/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	26/04/2019	08/07/2019	French	PDF
Abridged model	31/12/2017	27/04/2018	05/07/2018	French	PDF
Abridged model	31/12/2016	28/04/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	29/04/2016	26/08/2016	French	PDF
Full model	31/12/2014	24/04/2015	31/08/2015	French	PDF
Full model	31/12/2013	25/04/2014	12/08/2014	French	PDF
Full model	31/12/2012	21/06/2013	05/08/2013	French	PDF
Full model	31/12/2011	22/06/2012	06/08/2012	French	PDF
Full model	31/12/2010	27/06/2011	27/09/2011	French	PDF
Full model	31/12/2009	25/06/2010	29/07/2010	French	PDF
Full model	31/12/2008	29/05/2009	12/08/2009	French	PDF
Full model	31/12/2007	16/05/2008	01/07/2008	French	PDF
Full model	31/12/2006	15/06/2007	19/07/2007	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 · 8 active · 28 ended

Active mandates

Alexandre HURBAIN

Director · since 01 janvier 2026 · until 27 avril 2029

Active

Marguerite DEFOURT

Director · since 01 janvier 2026 · until 27 avril 2029

Active

Pauline DEFOURT

Director · since 01 janvier 2026 · until 27 avril 2029

Active

Bernard MARCHANT

Director · since 30 août 2022 · until 06 novembre 2025

Active

Eric MALRAIN

Director · since 30 août 2022 · until 06 novembre 2025

Active

Manon MARCHANT

Director · since 30 août 2022 · until 27 avril 2029

Active

Maximilien DEFOURT

Director · since 30 août 2022 · until 01 janvier 2026

Active

Victor HURBAIN

Director · since 30 août 2022 · until 27 avril 2029

Active

Ended mandates

Bernard MARCHANT

Director · since 30 août 2022 · until 27 avril 2029

Ended

Eric MALRAIN

Director · since 30 août 2022 · until 27 avril 2029

Ended

Maximilien DEFOURT

Director · since 30 août 2022 · until 27 avril 2029

Ended

Bernard MARCHANT

Director · since 21 décembre 2020 · until 26 avril 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/09/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates23/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates04/02/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/09/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/09/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates02/09/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates24/11/2008
DENOMINATION
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 20251 M €↓
2024
Annual accounts 20248,9 M €↑
2023
Annual accounts 2023907,6 k €↓
2022
Annual accounts 20221,5 M €↑
2022
Name changeHUDEMA
2021
Annual accounts 202165,4 k €↓
2020
Annual accounts 2020391,2 k €↑
2019
Annual accounts 2019112,4 k €↓
2018
Annual accounts 2018177,5 k €↓
2017
Annual accounts 2017218,9 k €↓
2016
Annual accounts 2016399,1 k €↑
2015
Annual accounts 2015136,6 k €↑
2014
Annual accounts 201426,7 k €↓
2013
Annual accounts 2013163 k €↑
2012
Annual accounts 2012106,7 k €↓
2011
Annual accounts 2011195,8 k €↑
2009
Annual accounts 200977,2 k €↑
2008
Annual accounts 200813,4 k €
2008
Name changeIMMOBILIERE DE BOUGE
18/12/1987
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

HUDEMA

Overview

What does HUDEMA 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