HBS
0443.480.337 · rovalta.com · 21/09/2026
ACTIVE
HBS
Financial year 2025 · closed on 31/12/2025
Net result
-90,8 k €
+96.9% YoY
Revenue
7,3 M €
-33.3% YoY
Equity
181,8 k €
-33.3% YoY
Workforce
21,5 ETP
-18.6% YoY
Overview
What does HBS do?
HBS is a Public limited company incorporated in 1991. Its main activity is: Construction of buildings. Its registered office is in Geel. It employs on average 21,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0443.480.337
Incorporation
06/03/1991
Legal form
Public limited company
Registered office
Lammerdries 12
2440 Geel · FlandreSee on map
2440 Geel · FlandreSee on map
Contributed capital
1 766 485,54 €
Latest accounts
31/12/2025
Average workforce
21,5 ETP
Activities (NACE)
Joint committees (3)
- 124
- 200
- 218
Signals
Positive cashflowPositive EBITDAHealthy social debtsHigh revenue
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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 | |||||||||||||||||||||||||||||||||||||||
| Revenue | 7,3 M € | -33.3% | 10,9 M € | -29.8% | 15,6 M € | +25.1% | 12,5 M € | +13.9% | 10,9 M € | -19.6% | 13,6 M € | -7.7% | 14,7 M € | -21.3% | 18,7 M € | +9.8% | 17 M € | -1.8% | 17,4 M € | +31.1% | 13,2 M € | -0.9% | 13,3 M € | -3.6% | 13,9 M € | -3.8% | 14,4 M € | +59.6% | 9 M € | +25.3% | 7,2 M € | -1.6% | 7,3 M € | -39.8% | 12,2 M € | +9.8% | 11,1 M € | +16.1% | 9,5 M € |
| EBITDA | 757,9 k € | +130% | -2,5 M € | -334% | -582,7 k € | -441% | 170,8 k € | -34.1% | 259,3 k € | -81.0% | 1,4 M € | -14.5% | 1,6 M € | -24.5% | 2,1 M € | -3.7% | 2,2 M € | +29.7% | 1,7 M € | -13.0% | 1,9 M € | +13.6% | 1,7 M € | +2.0% | 1,7 M € | +2.8% | 1,6 M € | +71.5% | 953,6 k € | +14.2% | 835 k € | -23.9% | 1,1 M € | -30.5% | 1,6 M € | +62.8% | 968,7 k € | +74.6% | 555 k € |
| Operating result | -62,6 k € | +97.7% | -2,8 M € | -282% | -724,4 k € | -1153% | -57,8 k € | -2566% | 2,3 k € | -99.8% | 1,2 M € | -16.3% | 1,5 M € | -28.8% | 2,1 M € | -1.1% | 2,1 M € | +31.6% | 1,6 M € | +4.4% | 1,5 M € | -2.7% | 1,6 M € | -2.4% | 1,6 M € | -0.1% | 1,6 M € | +70.4% | 954,5 k € | +25.7% | 759,5 k € | -17.1% | 916,3 k € | -14.3% | 1,1 M € | +27.8% | 837,1 k € | +105% | 408,8 k € |
| Net result | -90,8 k € | +96.9% | -2,9 M € | -265% | -792,6 k € | -689% | -100,5 k € | -34984% | 288,1 € | -100.0% | 923,6 k € | -10.2% | 1 M € | -30.0% | 1,5 M € | +6.8% | 1,4 M € | +27.1% | 1,1 M € | +16.9% | 926,2 k € | -16.1% | 1,1 M € | -12.2% | 1,3 M € | +12.0% | 1,1 M € | +76.4% | 637,2 k € | +24.9% | 510,1 k € | -19.1% | 630,4 k € | -24.7% | 837,5 k € | +37.2% | 610,5 k € | -66.5% | 1,8 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 181,8 k € | -33.3% | 272,6 k € | -83.7% | 1,7 M € | -32.2% | 2,5 M € | -3.9% | 2,6 M € | +0.0% | 2,6 M € | +0.1% | 2,6 M € | +1.1% | 2,5 M € | -1.2% | 2,6 M € | +3.1% | 2,5 M € | +3.4% | 2,4 M € | +13.0% | 2,1 M € | +13.6% | 1,9 M € | +16.0% | 1,6 M € | +8.3% | 1,5 M € | +2.6% | 1,5 M € | +0.7% | 1,4 M € | +2.2% | 1,4 M € | -6.8% | 1,5 M € | -37.0% | 2,4 M € |
| Total assets | 3,8 M € | -33.6% | 5,8 M € | -23.5% | 7,6 M € | +5.5% | 7,2 M € | +15.6% | 6,2 M € | +7.0% | 5,8 M € | -17.9% | 7,1 M € | -14.6% | 8,3 M € | +20.4% | 6,9 M € | +7.0% | 6,4 M € | -13.1% | 7,4 M € | +41.0% | 5,2 M € | -1.5% | 5,3 M € | +12.2% | 4,7 M € | +26.9% | 3,7 M € | +6.1% | 3,5 M € | -21.5% | 4,5 M € | -3.2% | 4,6 M € | -7.7% | 5 M € | +2.0% | 4,9 M € |
| Cash | 879,3 k € | -58.8% | 2,1 M € | +444% | 392,6 k € | +13.3% | 346,6 k € | -50.7% | 703,5 k € | +86.1% | 377,9 k € | -74.3% | 1,5 M € | +128% | 646,2 k € | -67.3% | 2 M € | +52.8% | 1,3 M € | +101% | 644,1 k € | -51.8% | 1,3 M € | -14.6% | 1,6 M € | -3.5% | 1,6 M € | +29.7% | 1,2 M € | +9.6% | 1,1 M € | -34.8% | 1,7 M € | +189% | 605 k € | +10.8% | 546,1 k € | +0.1% | 545,4 k € |
| Debts | 2,9 M € | -47.0% | 5,5 M € | -6.5% | 5,9 M € | +25.2% | 4,7 M € | +73.4% | 2,7 M € | -16.0% | 3,2 M € | -27.4% | 4,4 M € | -12.5% | 5,1 M € | +36.6% | 3,7 M € | -3.6% | 3,9 M € | -21.8% | 4,9 M € | +60.4% | 3,1 M € | -10.3% | 3,4 M € | +11.1% | 3,1 M € | +40.6% | 2,2 M € | +8.6% | 2 M € | -32.8% | 3 M € | +12.4% | 2,7 M € | -6.4% | 2,9 M € | +46.2% | 2 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 21,5 ETP | -18.6% | 26,4 ETP | -11.7% | 29,9 ETP | +7.9% | 27,7 ETP | +13.5% | 24,4 ETP | -11.6% | 27,6 ETP | +2.2% | 27,0 ETP | +5.1% | 25,7 ETP | +0.8% | 25,5 ETP | -10.2% | 28,4 ETP | +0.4% | 28,3 ETP | -3.1% | 29,2 ETP | -7.3% | 31,5 ETP | -2.2% | 32,2 ETP | -0.6% | 32,4 ETP | +1.9% | 31,8 ETP | -9.4% | 35,1 ETP | -4.4% | 36,7 ETP | -1.6% | 37,3 ETP | +9.1% | 34,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 51 ended
At this address
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J&W WOONPROJECTEN● Active | 0788.563.874 |
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Maatschap MWHW● Active | 0803.297.679 |
| 0734.666.023 | |
Masterplan Edegem● Active | 0828.590.034 |
Molenweidehoek● Active | 0666.522.731 |
NAC Herent● Active | 0817.254.791 |
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 30/06/2026 | 03/12/2025 | 27/11/2024 | 26/06/2023 | 15/09/2022 | 30/08/2021 |
| General meeting | 29/05/2026 | 30/05/2025 | 31/05/2024 | 26/05/2023 | 27/05/2022 | 28/05/2021 |
| 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 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 29/05/2026 | 30/06/2026 | Dutch | |
| Full model | 31/12/2024 | 30/05/2025 | 03/12/2025 | Dutch | |
| Full model | 31/12/2023 | 31/05/2024 | 27/11/2024 | Dutch | |
| Full model | 31/12/2022 | 26/05/2023 | 26/06/2023 | Dutch | |
| Full model | 31/12/2021 | 27/05/2022 | 15/09/2022 | Dutch | |
| Full model | 31/12/2020 | 28/05/2021 | 30/08/2021 | Dutch | |
| Full model | 31/12/2019 | 12/06/2020 | 31/08/2020 | Dutch | |
| Full model | 31/12/2018 | 31/05/2019 | 28/06/2019 | Dutch | |
| Full modelCorrection | 31/12/2017 | 25/05/2018 | 21/12/2018 | Dutch | |
| Full model | 31/12/2017 | 25/05/2018 | 25/06/2018 | Dutch | |
| Full model | 31/12/2016 | 26/05/2017 | 23/06/2017 | Dutch | |
| Full model | 31/12/2015 | 27/05/2016 | 23/06/2016 | Dutch | |
| Full model | 31/12/2014 | 29/05/2015 | 03/07/2015 | Dutch | |
| Full model | 31/12/2013 | 26/05/2014 | 26/06/2014 | Dutch | |
| Full model | 31/12/2012 | 27/05/2013 | 17/06/2013 | Dutch | |
| Full model | 31/12/2011 | 29/05/2012 | 27/06/2012 | Dutch | |
| Full model | 31/12/2010 | 30/05/2011 | 22/06/2011 | Dutch | |
| Full model | 31/12/2009 | 31/05/2010 | 28/06/2010 | Dutch | |
| Full model | 31/12/2008 | 25/05/2009 | 18/06/2009 | Dutch | |
| Full model | 31/12/2007 | 30/05/2008 | 02/07/2008 | Dutch | |
| Full model | 31/12/2006 | 28/05/2007 | 19/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Publications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates24/03/2025ONTSLAGEN - BENOEMINGEN
- Mandates02/01/2025ONTSLAGEN - BENOEMINGEN
- Capital / shares30/12/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
- Other25/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
- Mandates19/12/2022ONTSLAGEN - BENOEMINGEN
- Mandates15/10/2021ONTSLAGEN - BENOEMINGEN
- Mandates06/01/2021ONTSLAGEN - BENOEMINGEN
- Mandates20/02/2020ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-90,8 k €↑
- 2024Annual accounts 2024-2,9 M €↓
- 2023Annual accounts 2023-792,6 k €↓
- 2022Annual accounts 2022-100,5 k €↓
- 2021Annual accounts 2021288,1 €↓
- 2020Annual accounts 2020923,6 k €↓
- 2019Annual accounts 20191 M €↓
- 2018Annual accounts 20181,5 M €↑
- 2017Annual accounts 20171,4 M €↑
- 2016Annual accounts 20161,1 M €↑
- 2015Annual accounts 2015926,2 k €↓
- 2014Annual accounts 20141,1 M €↓
- 2013Annual accounts 20131,3 M €↑
- 2012Annual accounts 20121,1 M €↑
- 2011Annual accounts 2011637,2 k €↑
- 2010Annual accounts 2010510,1 k €↓
- 2009Annual accounts 2009630,4 k €↓
- 2008Annual accounts 2008837,5 k €↑
- 2007Annual accounts 2007610,5 k €↓
- 2006Annual accounts 20061,8 M €
- 06/03/1991IncorporationPublic limited company