ACTIVE

HS&P

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

10 k €

-91.3% YoY

Gross margin

563,5 k €

-13.8% YoY

Equity

231,3 k €

+4.5% YoY

Workforce

8,0 ETP

-2.4% YoY

What does HS&P do?

HS&P is a Private limited company incorporated in 1989. Its registered office is in Hasselt. It employs on average 8,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.261.917

Incorporation

01/12/1989

Legal form

Private limited company

Registered office

Ilgatlaan 3
3500 Hasselt · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

8,0 ETP

Joint committees (4)

200
218
336
3360

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	563,5 k €	-13.8%	654 k €	-4.5%	685 k €	-6.2%	730,4 k €	-15.3%	862,8 k €	+33.1%	648 k €	+19.6%	541,7 k €	-6.4%	578,7 k €	+4.7%	552,8 k €	-2.0%	564,3 k €	+3.3%	546,2 k €	+3.6%	527 k €	-7.3%	568,4 k €	+18.4%	480,1 k €	-1.6%	487,8 k €	-16.2%	581,9 k €	-7.4%	628,7 k €	+41.8%	443,5 k €	+16.6%	380,3 k €	+11.3%	341,6 k €
EBITDA	75 k €	-60.8%	191,5 k €	-6.5%	204,9 k €	-29.6%	290,8 k €	-32.7%	432,1 k €	+66.8%	259 k €	+59.2%	162,7 k €	+3.6%	157 k €	-10.1%	174,6 k €	-19.0%	215,6 k €	-2.4%	220,9 k €	+8.8%	203 k €	-12.5%	232 k €	-9.1%	255,2 k €	+13.1%	225,7 k €	-26.6%	307,4 k €	-8.4%	335,7 k €	+94.8%	172,3 k €	+9.3%	157,6 k €	+50.6%	104,6 k €
Operating result	29,7 k €	-79.7%	146,2 k €	-7.4%	157,9 k €	-37.1%	251,2 k €	-35.4%	388,6 k €	+80.1%	215,8 k €	+87.7%	115 k €	+3.6%	111 k €	-13.1%	127,7 k €	-36.6%	201,6 k €	-0.8%	203,2 k €	+11.0%	183,1 k €	-15.9%	217,5 k €	-9.5%	240,3 k €	+15.7%	207,6 k €	-28.8%	291,4 k €	-7.0%	313,3 k €	+109%	150,1 k €	+11.4%	134,7 k €	+57.3%	85,6 k €
Net result	10 k €	-91.3%	114 k €	+9.8%	103,8 k €	-44.9%	188,4 k €	-34.3%	287 k €	+78.5%	160,7 k €	+82.7%	88 k €	+20.6%	73 k €	-10.6%	81,6 k €	-56.5%	187,7 k €	-0.6%	188,8 k €	+7.9%	175 k €	-15.0%	205,8 k €	-11.5%	232,6 k €	+14.7%	202,7 k €	-29.6%	287,9 k €	-6.3%	307,1 k €	+113%	143,9 k €	+13.1%	127,2 k €	+70.9%	74,4 k €
Balance sheet
Equity	231,3 k €	+4.5%	221,3 k €	+28.4%	172,3 k €	+0.5%	171,4 k €	+0.2%	171 k €	+0.6%	170 k €	+0.4%	169,3 k €	+0.6%	168,3 k €	+0.0%	168,3 k €	+0.0%	168,3 k €	+0.4%	167,5 k €	+1.1%	165,7 k €	+0.2%	165,3 k €	+0.5%	164,5 k €	+0.3%	163,9 k €	+0.4%	163,2 k €	+1.2%	161,3 k €	+0.1%	161,2 k €	+2.5%	157,3 k €	+1.4%	155,2 k €
Total assets	705,9 k €	-8.2%	769 k €	-24.1%	1 M €	-3.2%	1 M €	-10.1%	1,2 M €	+2.2%	1,1 M €	-4.3%	1,2 M €	+2.8%	1,2 M €	+7.1%	1,1 M €	+95.9%	551,5 k €	-12.6%	631 k €	+24.4%	507,3 k €	-9.6%	561 k €	+11.3%	504,3 k €	+7.3%	469,8 k €	-16.1%	560,2 k €	-8.1%	609,7 k €	+45.6%	418,6 k €	+1.6%	412,1 k €	+7.5%	383,2 k €
Cash	64,2 k €	-58.8%	155,7 k €	+281%	40,9 k €	-13.3%	47,2 k €	-64.2%	131,9 k €	+84.6%	71,5 k €	-14.1%	83,2 k €	-19.5%	103,4 k €	-18.3%	126,5 k €	+105%	61,6 k €	-15.4%	72,8 k €	+39.9%	52 k €	-52.2%	108,7 k €	+22.7%	88,6 k €	+0.6%	88,1 k €	-51.0%	179,8 k €	-21.8%	230,1 k €	+89.9%	121,2 k €	-8.7%	132,8 k €	-16.8%	159,6 k €
Debts	394,9 k €	-15.6%	468 k €	-36.2%	733,5 k €	-8.1%	797,9 k €	-13.4%	921,8 k €	+1.0%	912,3 k €	-7.8%	989,1 k €	+2.0%	969,4 k €	+7.0%	906,2 k €	+137%	381,8 k €	-17.6%	463,1 k €	+36.0%	340,6 k €	-5.5%	360,3 k €	+6.1%	339,6 k €	+11.7%	303,9 k €	-23.5%	397 k €	-11.1%	446,8 k €	+74.1%	256,6 k €	+0.9%	254,2 k €	+13.7%	223,6 k €
Other
Workforce	8,0 ETP	-2.4%	8,2 ETP	+1.2%	8,1 ETP	+2.5%	7,9 ETP	-8.1%	8,6 ETP	+4.9%	8,2 ETP	+9.3%	7,5 ETP	-8.5%	8,2 ETP	+7.9%	7,6 ETP	+5.6%	7,2 ETP	+5.9%	6,8 ETP	-6.8%	7,3 ETP	-2.7%	7,5 ETP	+27.1%	5,9 ETP	-7.8%	6,4 ETP	-11.1%	7,2 ETP	-2.7%	7,4 ETP	+4.2%	7,1 ETP	+2.9%	6,9 ETP	+4.5%	6,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 18 ended

Active mandates

Boekhoudkantoor Meersman Consulting & Partners

Director · 0599.840.278

Represented by Kurt Meersman

Active

Hoko

Director · 0699.531.138

Represented by Koen Kortleven

Active

IBA Group

Director · 1009.875.710

Represented by Olivier Nicolas

Active

KWL JACOBS

Director · 0466.839.620

Represented by Jacobs Koen

Active

SINICO

Director · 0472.701.388

Represented by Corthouts Philip

Active

Ended mandates

H.M. & C.

Director · 0472.724.352

Represented by Eric Haenen

Ended

H.M. & C.

Director · 0472.724.352

Represented by Eric Haenen

Ended

H.M. & C.

Director · 0472.724.352

Represented by Eric Haenen

Ended

KPP

Director · 0822.018.679

Represented by Peter Gielen

Ended

At this address

Other companies at this address

Company	CBE no.
B.C.D.● Active	0472.632.203
HASSELTSE ADVIESMAATSCHAPPIJ VOOR DE REALISATIE VAN PROJECTEN● Active	0443.886.450
HET MAGAZIJN● Active	0422.333.545
Holdup● Active	0667.968.229
KERUDENT +● Active	0836.147.720
PESUS● Active	0478.911.368
Telematica Ventures● Active	0458.473.468
Vereniging van Mede-eigenaars Kantoorgebouw Ilgat-Lot 5, Ilgatlaan 3 te Hasselt● Active	0874.423.425

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	29/07/2026	17/10/2025	22/05/2024	08/12/2023	31/05/2022	14/06/2021
General meeting	30/06/2026	30/06/2025	05/04/2024	07/04/2023	01/04/2022	03/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	17/10/2025	Dutch	PDF
Abridged model	31/12/2023	05/04/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	07/04/2023	08/12/2023	Dutch	PDF
Abridged model	31/12/2021	01/04/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	03/04/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	05/04/2019	05/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/04/2018	30/06/2018	Dutch	PDF
Abridged model	31/12/2016	07/04/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	01/04/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	03/04/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	04/04/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	05/04/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	06/04/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	01/04/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	02/04/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	03/04/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/04/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	06/04/2007	22/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 18 ended

Active mandates

Boekhoudkantoor Meersman Consulting & Partners

Director · 0599.840.278

Represented by Kurt Meersman

Active

Hoko

Director · 0699.531.138

Represented by Koen Kortleven

Active

IBA Group

Director · 1009.875.710

Represented by Olivier Nicolas

Active

KWL JACOBS

Director · 0466.839.620

Represented by Jacobs Koen

Active

SINICO

Director · 0472.701.388

Represented by Corthouts Philip

Active

Ended mandates

H.M. & C.

Director · 0472.724.352

Represented by Eric Haenen

Ended

H.M. & C.

Director · 0472.724.352

Represented by Eric Haenen

Ended

H.M. & C.

Director · 0472.724.352

Represented by Eric Haenen

Ended

KPP

Director · 0822.018.679

Represented by Peter Gielen

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/10/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN
PDF
Mandates08/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/08/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2011
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring28/04/2005
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
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 202510 k €↓
2024
Annual accounts 2024114 k €↑
2023
Annual accounts 2023103,8 k €↓
2022
Annual accounts 2022188,4 k €↓
2021
Annual accounts 2021287 k €↑
2020
Annual accounts 2020160,7 k €↑
2019
Annual accounts 201988 k €↑
2018
Annual accounts 201873 k €↓
2017
Annual accounts 201781,6 k €↓
2016
Annual accounts 2016187,7 k €↓
2015
Annual accounts 2015188,8 k €↑
2014
Annual accounts 2014175 k €↓
2013
Annual accounts 2013205,8 k €↓
2012
Annual accounts 2012232,6 k €↑
2011
Annual accounts 2011202,7 k €↓
2010
Annual accounts 2010287,9 k €↓
2009
Annual accounts 2009307,1 k €↑
2008
Annual accounts 2008143,9 k €↑
2007
Annual accounts 2007127,2 k €↑
2006
Annual accounts 200674,4 k €
01/12/1989
IncorporationPrivate 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

HS&P

Overview

What does HS&P 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