ACTIVE

H.M.K.

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Financial year 2025 · closed on 31/12/2025

Net result

510,5 k €

+46.5% YoY

Gross margin

1 M €

+7.3% YoY

Equity

2,4 M €

+0.1% YoY

Workforce

3,0 ETP

+7.1% YoY

What does H.M.K. do?

H.M.K. is a Public limited company incorporated in 1988. Its registered office is in Sankt Vith. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.441.996

Incorporation

29/12/1988

Legal form

Public limited company

Registered office

John-Cockerill-Straße 4
4780 Sankt Vith · WallonieSee on map

Contributed capital

601 000,00 €

Latest accounts

31/12/2025

Average workforce

3,0 ETP

Joint committees (5)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1 M €	+7.3%	957 k €	+19.9%	798,3 k €	-2.6%	819,3 k €	+2.8%	797,1 k €	+11.5%	714,6 k €	+31.4%	544 k €	-8.6%	595,2 k €	+28.1%	464,6 k €	-9.1%	511,3 k €	+53.8%	332,4 k €	-12.8%	381,3 k €	+8.5%	351,5 k €	+16.2%	302,4 k €	+4.1%	290,4 k €	+73.2%	167,7 k €	-42.7%	292,7 k €	-7.0%	314,7 k €	-32.7%	467,5 k €
EBITDA	824,6 k €	+6.3%	775,9 k €	+18.4%	655,2 k €	-4.8%	688,3 k €	+1.2%	680,1 k €	+1.0%	673,5 k €	+35.4%	497,6 k €	+0.3%	495,8 k €	+35.1%	367,1 k €	-20.3%	460,4 k €	+59.0%	289,6 k €	-19.3%	358,9 k €	+18.2%	303,7 k €	+21.3%	250,4 k €	+22.5%	204,5 k €	+59.4%	128,3 k €	-47.9%	246,1 k €	+6.5%	231 k €	-32.7%	343,2 k €
Operating result	560,3 k €	+41.1%	397 k €	+94.2%	204,4 k €	-25.9%	275,9 k €	+77.2%	155,7 k €	-21.0%	197,1 k €	+2967%	-6,9 k €	-111%	62 k €	+1358%	4,3 k €	-96.7%	127,5 k €	+330%	-55,5 k €	-876%	7,2 k €	+113%	-53,5 k €	-273%	30,9 k €	+461%	-8,6 k €	+83.9%	-53,2 k €	-937%	6,4 k €	+161%	-10,5 k €	+81.9%	-58,1 k €
Net result	510,5 k €	+46.5%	348,4 k €	+54.4%	225,7 k €	+5.4%	214,2 k €	+32.8%	161,3 k €	-4.2%	168,3 k €	+117%	77,6 k €	-19.4%	96,3 k €	-73.7%	367 k €	+177%	132,4 k €	+67.0%	79,3 k €	+131%	34,3 k €	-48.2%	66,2 k €	+36.0%	48,7 k €	+51.4%	32,2 k €	+15192%	-213,2 €	-101%	30,3 k €	-42.2%	52,4 k €	+6539%	789 €
Balance sheet
Equity	2,4 M €	+0.1%	2,4 M €	+16.8%	2 M €	+12.6%	1,8 M €	+12.8%	1,6 M €	+15.9%	1,4 M €	-15.4%	1,6 M €	+5.2%	1,5 M €	+5.7%	1,5 M €	+35.7%	1,1 M €	+13.7%	948,6 k €	+7.9%	879,1 k €	+1.1%	869,6 k €	+4.8%	829,7 k €	+4.6%	793,3 k €	+9.3%	726 k €	+4.2%	697 k €	+3.8%	671,5 k €	+4.8%	641 k €
Total assets	2,9 M €	+15.8%	2,5 M €	+21.0%	2,1 M €	-34.3%	3,2 M €	-1.5%	3,2 M €	+6.4%	3 M €	+5.4%	2,9 M €	+22.9%	2,3 M €	+34.5%	1,7 M €	+11.9%	1,6 M €	-1.3%	1,6 M €	-0.6%	1,6 M €	+17.3%	1,4 M €	+7.6%	1,3 M €	-22.2%	1,6 M €	+25.8%	1,3 M €	+6.7%	1,2 M €	+3.4%	1,2 M €	-15.5%	1,4 M €
Cash	759,7 k €	+32.9%	571,7 k €	+267182%	213,9 €	-99.9%	156,3 k €	+232%	47,1 k €	-67.2%	143,5 k €	+255%	40,4 k €	+137%	17,1 k €	+50.0%	11,4 k €	-36.1%	17,8 k €	-35.0%	27,4 k €	+147%	11,1 k €	-38.9%	18,2 k €	-90.9%	200,2 k €	+1068%	17,1 k €	+115%	8 k €	-89.4%	75 k €	+1495%	4,7 k €	-95.5%	103,8 k €
Debts	551,9 k €	+254%	156,1 k €	+162%	59,7 k €	-95.6%	1,4 M €	-10.8%	1,5 M €	-4.2%	1,6 M €	+41.3%	1,1 M €	+84.9%	609,5 k €	+555%	93 k €	-68.2%	292,9 k €	-33.9%	443 k €	-15.1%	522,1 k €	+75.6%	297,3 k €	+23.5%	240,9 k €	-61.8%	630,8 k €	+69.3%	372,5 k €	+19.6%	311,4 k €	+2.1%	305 k €	-44.0%	544,4 k €
Other
Workforce	3,0 ETP	+7.1%	2,8 ETP	+40.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	+5.6%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+25.0%	1,6 ETP	-30.4%	2,3 ETP	+27.8%	1,8 ETP	+20.0%	1,5 ETP	+50.0%	1,0 ETP	-47.4%	1,9 ETP	+58.3%	1,2 ETP	-33.3%	1,8 ETP	-45.5%	3,3 ETP	-8.3%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 27 ended

Active mandates

Daniel HILGERS

Director · since 05 juin 2026 · until 04 juin 2032

Active

Emil Hilgers

Managing director · since 05 juin 2026 · until 04 juin 2032

Active

Martin Hilgers

Managing director · since 05 juin 2026 · until 04 juin 2032

Active

Oswald Hilgers

Managing director · since 05 juin 2026 · until 04 juin 2032

Active

Renate Thannen

Director · since 05 juin 2026 · until 04 juin 2032

Active

Ended mandates

Daniel Hilgers

Director · since 07 juin 2019 · until 07 juin 2025

Ended

Daniel HILGERS

Director · since 07 juin 2019 · until 05 juin 2026

Ended

Emil Hilgers

Director · since 07 juin 2019 · until 07 juin 2025

Ended

Emil Hilgers

Managing director · since 07 juin 2019 · until 05 juin 2026

Ended

At this address

Other companies at this address

Company	CBE no.
HILGERS● Active	0668.604.469
HITRA● Active	0428.784.639

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	19/08/2026	25/08/2025	27/08/2024	29/08/2023	24/08/2022	26/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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	05/06/2026	19/08/2026	German	PDF
Abridged model	31/12/2024	06/06/2025	25/08/2025	German	PDF
Abridged model	31/12/2023	07/06/2024	27/08/2024	German	PDF
Abridged model	31/12/2022	02/06/2023	29/08/2023	German	PDF
Abridged model	31/12/2021	03/06/2022	24/08/2022	German	PDF
Abridged model	31/12/2020	04/06/2021	26/08/2021	German	PDF
Abridged model	31/12/2019	05/06/2020	28/08/2020	German	PDF
Abridged model	31/12/2018	07/06/2019	27/08/2019	German	PDF
Abridged model	31/12/2017	01/06/2018	30/08/2018	German	PDF
Abridged model	31/12/2016	02/06/2017	23/08/2017	German	PDF
Abridged model	31/12/2015	03/06/2016	30/08/2016	German	PDF
Abridged model	31/12/2014	05/06/2015	24/08/2015	German	PDF
Abridged model	31/12/2013	06/06/2014	28/08/2014	German	PDF
Abridged model	31/12/2012	07/06/2013	30/08/2013	German	PDF
Abridged model	31/12/2011	01/06/2012	30/08/2012	German	PDF
Abridged model	31/12/2010	03/06/2011	29/11/2011	German	PDF
Abridged model	31/12/2009	25/06/2010	13/08/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	03/07/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 27 ended

Active mandates

Daniel HILGERS

Director · since 05 juin 2026 · until 04 juin 2032

Active

Emil Hilgers

Managing director · since 05 juin 2026 · until 04 juin 2032

Active

Martin Hilgers

Managing director · since 05 juin 2026 · until 04 juin 2032

Active

Oswald Hilgers

Managing director · since 05 juin 2026 · until 04 juin 2032

Active

Renate Thannen

Director · since 05 juin 2026 · until 04 juin 2032

Active

Ended mandates

Daniel Hilgers

Director · since 07 juin 2019 · until 07 juin 2025

Ended

Daniel HILGERS

Director · since 07 juin 2019 · until 05 juin 2026

Ended

Emil Hilgers

Director · since 07 juin 2019 · until 07 juin 2025

Ended

Emil Hilgers

Managing director · since 07 juin 2019 · until 05 juin 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/10/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/09/2019
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares24/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/12/2013
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares14/02/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office30/12/2008
GESELLSCHAFTSSITZ
PDF
Mandates08/07/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2007
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 2025510,5 k €↑
2024
Annual accounts 2024348,4 k €↑
2023
Annual accounts 2023225,7 k €↑
2022
Annual accounts 2022214,2 k €↑
2021
Annual accounts 2021161,3 k €↓
2020
Annual accounts 2020168,3 k €↑
2019
Annual accounts 201977,6 k €↓
2018
Annual accounts 201896,3 k €↓
2017
Annual accounts 2017367 k €↑
2016
Annual accounts 2016132,4 k €↑
2015
Annual accounts 201579,3 k €↑
2014
Annual accounts 201434,3 k €↓
2013
Annual accounts 201366,2 k €↑
2012
Annual accounts 201248,7 k €↑
2011
Annual accounts 201132,2 k €↑
2010
Annual accounts 2010-213,2 €↓
2009
Annual accounts 200930,3 k €↓
2008
Annual accounts 200852,4 k €↑
2007
Annual accounts 2007789 €
29/12/1988
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

H.M.K.

Overview

What does H.M.K. do?

Trend over 19 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