ACTIVE

DEVELOPPEMENT HARMONISATION - RECHERCHE

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Financial year 2025 · closed on 31/12/2025

Net result

19 k €

+1398.6% YoY

Gross margin

39 k €

-23.6% YoY

Equity

212,4 k €

+9.9% YoY

What does DEVELOPPEMENT HARMONISATION - RECHERCHE do?

DEVELOPPEMENT HARMONISATION - RECHERCHE is a Private limited company incorporated in 1991. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Wavre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.844.482

Incorporation

15/04/1991

Legal form

Private limited company

Registered office

Avenue Racine 1
1300 Wavre · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities 69201Accounting, bookkeeping and auditing activities; tax consultancy 74124Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ 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	39 k €	-23.6%	51,1 k €	-6.5%	54,6 k €	+16.9%	46,7 k €	-9.6%	51,7 k €	+77.0%	29,2 k €	-30.1%	41,7 k €	-10.8%	46,8 k €	+25.0%	37,4 k €	+4.3%	35,9 k €	-1.8%	36,5 k €	-6.6%	39,1 k €	+14.0%	34,3 k €	+73.6%	19,8 k €	+197%	6,6 k €	-70.8%	22,7 k €	-34.8%	34,9 k €	+20.1%	29,1 k €	-4.1%	30,3 k €	+13.0%	26,8 k €
EBITDA	22,1 k €	-28.0%	30,6 k €	-17.6%	37,2 k €	-6.4%	39,7 k €	-19.0%	49 k €	+103%	24,2 k €	-38.4%	39,3 k €	-11.3%	44,3 k €	+25.4%	35,4 k €	+14.0%	31 k €	-10.5%	34,7 k €	-17.6%	42,1 k €	+65.6%	25,4 k €	+45.6%	17,5 k €	+1307%	1,2 k €	-88.9%	11,2 k €	-31.1%	16,2 k €	+10.7%	14,6 k €	-24.0%	19,2 k €	+40.9%	13,7 k €
Operating result	6,8 k €	+28.6%	5,3 k €	-55.3%	11,9 k €	-14.4%	13,9 k €	-27.9%	19,3 k €	+130%	8,4 k €	-49.6%	16,6 k €	-23.3%	21,7 k €	+40.6%	15,4 k €	+84.8%	8,3 k €	-22.7%	10,8 k €	-66.8%	32,6 k €	+35.0%	24,1 k €	+49.4%	16,2 k €	+260%	-10,1 k €	-3614%	-272,4 €	-105%	5,7 k €	-55.0%	12,6 k €	+71.0%	7,4 k €	+302%	1,8 k €
Net result	19 k €	+1399%	1,3 k €	-84.5%	8,2 k €	+4.2%	7,9 k €	-33.1%	11,8 k €	+2.7%	11,5 k €	+92.3%	6 k €	-51.3%	12,3 k €	+44.8%	8,5 k €	+282%	2,2 k €	+273%	-1,3 k €	-105%	23,3 k €	+137%	9,8 k €	+378%	2,1 k €	+125%	-8,3 k €	-235%	-2,5 k €	-308%	1,2 k €	-82.8%	6,9 k €	+40.1%	4,9 k €	+1974%	-263,8 €
Balance sheet
Equity	212,4 k €	+9.9%	193,4 k €	+0.7%	192,1 k €	+4.5%	183,9 k €	+4.5%	176 k €	+7.2%	164,2 k €	+7.5%	152,7 k €	+4.1%	146,7 k €	+9.1%	134,5 k €	+6.7%	126 k €	+1.8%	123,8 k €	-1.0%	125,1 k €	+22.8%	101,8 k €	+10.7%	92 k €	+2.3%	89,9 k €	-8.5%	98,2 k €	-2.5%	100,7 k €	+1.2%	99,5 k €	+7.5%	92,6 k €	+5.6%	87,7 k €
Total assets	260 k €	+6.4%	244,5 k €	-12.8%	280,4 k €	-4.9%	295 k €	-2.4%	302,3 k €	-4.6%	316,9 k €	+15.0%	275,5 k €	-3.4%	285,2 k €	+0.9%	282,6 k €	-6.7%	302,9 k €	-2.2%	309,7 k €	+95.4%	158,5 k €	+6.0%	149,5 k €	+20.7%	123,9 k €	-17.2%	149,6 k €	-1.7%	152,1 k €	-9.9%	168,8 k €	+26.5%	133,4 k €	+12.5%	118,6 k €	-5.3%	125,2 k €
Cash	5,9 k €	-38.4%	9,6 k €	-53.3%	20,5 k €	+31.4%	15,6 k €	+132%	6,7 k €	-16.7%	8,1 k €	-23.2%	10,5 k €	+19.3%	8,8 k €	+11.2%	7,9 k €	+1400%	527,7 €	-88.6%	4,6 k €	-33.1%	6,9 k €	-41.4%	11,8 k €	+42.7%	8,3 k €	-24.4%	11 k €	+107%	5,3 k €	-60.2%	13,3 k €	-44.8%	24,1 k €	+25.8%	19,2 k €	+70.4%	11,2 k €
Debts	47,6 k €	-6.8%	51,1 k €	-42.1%	88,2 k €	-20.6%	111,1 k €	-12.0%	126,3 k €	-17.3%	152,7 k €	+24.3%	122,8 k €	-11.2%	138,3 k €	-6.5%	147,9 k €	-16.4%	176,9 k €	-4.8%	185,9 k €	+457%	33,4 k €	-18.5%	41 k €	+28.4%	31,9 k €	-46.5%	59,6 k €	+11.0%	53,7 k €	-21.0%	68,1 k €	+101%	33,8 k €	+30.3%	26 k €	-30.8%	37,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	-16.7%	0,6 ETP	-14.3%	0,7 ETP	+16.7%	0,6 ETP	+20.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 2 ended

Active mandates

FABIEN HEBETTE

Director · since 12 août 2020

Active

Ended mandates

FABIEN HEBETTE

Managing director · since 15 avril 1990

Ended

FABIEN HEBETTE

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
AMICALE DES COMPTABLES DE WAVRE● Active	0866.734.095
IMMOMESSIDOR● Active	0438.468.011
QUESTIONS ET DEVELOPPEMENTS● Active	0810.416.489
VALEURS DE VIE● Active	0463.974.358

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	10/09/2026	21/09/2025	14/09/2024	10/10/2023	24/10/2022	12/10/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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
Micro model	31/12/2025	30/06/2026	10/09/2026	French	PDF
Micro model	31/12/2024	30/06/2025	21/09/2025	French	PDF
Micro model	31/12/2023	30/06/2024	14/09/2024	French	PDF
Micro model	31/12/2022	30/06/2023	10/10/2023	French	PDF
Micro model	31/12/2021	30/06/2022	24/10/2022	French	PDF
Micro model	31/12/2020	30/06/2021	12/10/2021	French	PDF
Micro model	31/12/2019	30/06/2020	13/10/2020	French	PDF
Micro model	31/12/2018	25/04/2019	07/10/2019	French	PDF
Abridged model	31/12/2017	25/04/2018	23/09/2018	French	PDF
Abridged model	31/12/2016	25/04/2017	28/09/2017	French	PDF
Abridged model	31/12/2015	25/04/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	27/04/2015	02/12/2015	French	PDF
Abridged model	31/12/2013	25/04/2014	11/05/2015	French	PDF
Abridged model	31/12/2012	25/04/2013	13/01/2014	French	PDF
Abridged model	31/12/2011	25/04/2012	25/06/2013	French	PDF
Abridged model	31/12/2010	25/04/2011	12/07/2012	French	PDF
Abridged model	31/12/2009	25/04/2010	20/12/2010	French	PDF
Abridged model	31/12/2008	25/04/2009	13/12/2009	French	PDF
Abridged model	31/12/2007	25/04/2008	28/12/2008	French	PDF
Abridged model	31/12/2006	25/04/2007	10/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2023 · 1 active · 2 ended

Active mandates

FABIEN HEBETTE

Director · since 12 août 2020

Active

Ended mandates

FABIEN HEBETTE

Managing director · since 15 avril 1990

Ended

FABIEN HEBETTE

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2020
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202519 k €↑
2024
Annual accounts 20241,3 k €↓
2024
Name changeDEVELOPPEMENT HARMONISATION - RECHERCHE
2023
Annual accounts 20238,2 k €↑
2022
Annual accounts 20227,9 k €↓
2021
Annual accounts 202111,8 k €↑
2021
Name changeD.H.R. CONSULTANT
2020
Annual accounts 202011,5 k €↑
2019
Annual accounts 20196 k €↓
2018
Annual accounts 201812,3 k €↑
2017
Annual accounts 20178,5 k €↑
2016
Annual accounts 20162,2 k €↑
2015
Annual accounts 2015-1,3 k €↓
2014
Annual accounts 201423,3 k €↑
2013
Annual accounts 20139,8 k €↑
2012
Annual accounts 20122,1 k €↑
2011
Annual accounts 2011-8,3 k €↓
2010
Annual accounts 2010-2,5 k €↓
2009
Annual accounts 20091,2 k €↓
2008
Annual accounts 20086,9 k €↑
2007
Annual accounts 20074,9 k €↑
2006
Annual accounts 2006-263,8 €
15/04/1991
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

DEVELOPPEMENT HARMONISATION - RECHERCHE

Overview

What does DEVELOPPEMENT HARMONISATION - RECHERCHE 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