ACTIVE

GOLF D'HULENCOURT

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Financial year 2025 · Closed on 31/12/2025

Net result-5,1 M €-34,6 %over 1 year

Gross margin-2 M €-260,0 %over 1 year

Equity8,9 M €+22,7 %over 1 year

Workforce28,0 ETP+25,0 %over 1 year

Identity

Source · BCE/KBO

GOLF D'HULENCOURT is a Public limited company incorporated in 1988. Its registered office is in Genappe. It employs on average 28,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0434.893.956
Incorporation: 22/07/1988
Legal form: Public limited company
Registered office: Trou du Bois-Bruyère Hulencourt 15
1472 Genappe · Wallonie
Contributed capital: 48 570 222,58 €
Latest accounts: 31/12/2025
Average workforce: 28,0 ETP

Joint committees (2)

Signals

Solid equityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-2 M €	-260%	-555,6 k €	+23.4%	-725 k €	+2.3%	-741,7 k €	-217%	-233,7 k €
EBITDA	-4,2 M €	-77.5%	-2,4 M €	-23.2%	-1,9 M €	-2.2%	-1,9 M €	-33.9%	-1,4 M €
Operating result	-5,2 M €	-59.8%	-3,2 M €	-14.0%	-2,8 M €	-0.4%	-2,8 M €	-22.1%	-2,3 M €
Net result	-5,1 M €	-34.6%	-3,8 M €	-37.8%	-2,8 M €	-0.1%	-2,8 M €	-22.5%	-2,3 M €
Balance sheet
Equity	8,9 M €	+22.7%	7,2 M €	-34.5%	11 M €	+8.6%	10,2 M €	+153%	-19,1 M €
Total assets	12 M €	+7.8%	11,1 M €	-10.5%	12,4 M €	-4.8%	13,1 M €	-1.9%	13,3 M €
Cash	88,7 k €	-66.8%	267,2 k €	+4.3%	256,1 k €	-36.8%	405,2 k €	+151%	161,8 k €
Debts	3,1 M €	-20.1%	3,9 M €	+179%	1,4 M €	-51.7%	2,9 M €	-91.1%	32,4 M €
Other
Workforce	28,0 ETP	+25.0%	22,4 ETP	+19.8%	18,7 ETP	-10.1%	20,8 ETP	-14.0%	24,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 29 ended

Active mandates

Patrick SOLVAY

Director · since 30 juin 2024 · until 30 juin 2030

Active

Ended mandates

Jean-Jacques DELORI

Director · since 30 juin 2024 · until 30 juin 2030

Ended

Claude Penneman

Director · since 05 juin 2018 · until 22 juin 2023

Ended

Claude Penneman

Director · since 05 juin 2018 · until 30 juin 2024

Ended

Claude Penneman

Director · since 05 juin 2018

Ended

Other companies at this address

Trou du Bois-Bruyère Hulencourt 15 1472 Genappe

Company	CBE no.
Golf Club d'Hulencourt● Active	0439.256.679
Unité TVA GOLF D'HULENCOURT● Active	0731.829.168

Full financial information

Source · NBB

	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	03/06/2026	19/07/2025	07/06/2024	22/06/2023	28/03/2022	09/04/2021
General meeting	02/06/2026	17/07/2025	06/06/2024	22/06/2023	28/03/2022	25/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	03/06/2026	French	PDF
Abridged model	31/12/2024	17/07/2025	19/07/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	07/06/2024	French	PDF
Abridged model	31/12/2022	22/06/2023	22/06/2023	French	PDF
Abridged model	31/12/2021	28/03/2022	28/03/2022	French	PDF
Abridged model	31/12/2020	25/03/2021	09/04/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	19/06/2020	French	PDF
Abridged model	31/12/2018	20/06/2019	21/06/2019	French	PDF
Abridged model	31/12/2017	19/09/2018	10/10/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	06/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	28/09/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	07/10/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	31/10/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	20/06/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	24/06/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	17/08/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	06/06/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	30/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 29 ended

Active mandates

Patrick SOLVAY

Director · since 30 juin 2024 · until 30 juin 2030

Active

Ended mandates

Jean-Jacques DELORI

Director · since 30 juin 2024 · until 30 juin 2030

Ended

Claude Penneman

Director · since 05 juin 2018 · until 22 juin 2023

Ended

Claude Penneman

Director · since 05 juin 2018 · until 30 juin 2024

Ended

Claude Penneman

Director · since 05 juin 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other12/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates09/12/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates20/07/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/03/2022
CAPITAL, ACTIONS
PDF
Mandates24/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/05/2017
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-5,1 M €↓
2024
Annual accounts 2024-3,8 M €↓
2023
Annual accounts 2023-2,8 M €↓
2022
Annual accounts 2022-2,8 M €↓
2021
Annual accounts 2021-2,3 M €↓
2020
Annual accounts 2020-1,6 M €↑
2019
Annual accounts 2019-2 M €↓
2018
Annual accounts 2018-1,4 M €↓
2015
Annual accounts 2015-642,7 k €↓
2014
Annual accounts 2014-605,9 k €↑
2013
Annual accounts 2013-750,9 k €↑
2012
Annual accounts 2012-784,2 k €↓
2011
Annual accounts 2011-463,4 k €↑
2010
Annual accounts 2010-558,9 k €↑
2009
Annual accounts 2009-644,2 k €↓
2008
Annual accounts 2008-436,6 k €↓
2007
Annual accounts 2007-419 k €↑
2006
Annual accounts 2006-549,7 k €
22/07/1988
IncorporationPublic limited company

GOLF D'HULENCOURT

Overview

Identity

Financials

Valuation

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

Timeline