ACTIVE

HD17 HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

9,2 k €

-99.5% YoY

Gross margin

104,9 k €

-90.3% YoY

Equity

916,8 k €

+1.0% YoY

What does HD17 HOLDING do?

HD17 HOLDING is a Public limited company incorporated in 1991. Its registered office is in Waterloo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.876.750

Incorporation

09/04/1991

Legal form

Public limited company

Registered office

Drève Richelle 161d box 19
1410 Waterloo · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflow

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		2008		2007		2006
Income statement
Gross margin	104,9 k €	-90.3%	1,1 M €	+1272%	78,9 k €	-87.4%	628,8 k €	-21.2%	798,3 k €	+12.2%	711,6 k €	+248%	204,4 k €	-25.6%	274,9 k €	+44.6%	190,2 k €	-32.4%	281,5 k €	+5.5%	266,9 k €	+2.6%	260 k €	+1.5%	256,1 k €	+2.9%	248,8 k €	+29.0%	193 k €	-75.9%	800,5 k €	+21895%	-3,7 k €	+54.2%	-8 k €	-105%	-3,9 k €
EBITDA	-12,1 k €	-102%	643,3 k €	+856%	-85,1 k €	-118%	482,8 k €	-26.2%	654,2 k €	+20.4%	543,5 k €	+716%	66,6 k €	-3.4%	68,9 k €	-24.4%	91,2 k €	-67.4%	279,6 k €	+6.5%	262,5 k €	+2.6%	256 k €	+0.7%	254,1 k €	+2.9%	246,9 k €	+29.7%	190,3 k €	-71.9%	677,3 k €	+14610%	-4,7 k €	+44.8%	-8,5 k €	-87.7%	-4,5 k €
Operating result	-12,1 k €	-102%	643,3 k €	+380%	-229,4 k €	-168%	338,6 k €	-33.6%	509,9 k €	+18.0%	432,1 k €	+549%	66,6 k €	-3.4%	68,9 k €	-24.4%	91,2 k €	-67.4%	279,6 k €	+6.5%	262,5 k €	+2.6%	256 k €	+0.7%	254,1 k €	+2.9%	246,9 k €	+29.7%	190,3 k €	-71.9%	677,3 k €	+14610%	-4,7 k €	+44.8%	-8,5 k €	-87.7%	-4,5 k €
Net result	9,2 k €	-99.5%	1,8 M €	+885%	-229,4 k €	-199%	232,7 k €	-34.4%	354,7 k €	+30.2%	272,5 k €	+1078%	23,1 k €	+55.1%	14,9 k €	-75.0%	59,6 k €	-67.4%	183 k €	+9.3%	167,5 k €	+9.4%	153,1 k €	+4.6%	146,4 k €	+6.1%	138 k €	+46.8%	94 k €	-86.0%	670,1 k €	+1167%	-62,8 k €	-3.5%	-60,7 k €	-1235%	-4,5 k €
Balance sheet
Equity	916,8 k €	+1.0%	907,5 k €	-46.2%	1,7 M €	-12.0%	1,9 M €	+13.8%	1,7 M €	+26.7%	1,3 M €	+25.8%	1,1 M €	+2.2%	1 M €	+1.5%	1 M €	+6.2%	957,8 k €	+23.6%	774,7 k €	+27.6%	607,2 k €	+33.7%	454,1 k €	+47.6%	307,7 k €	+81.3%	169,7 k €	-3.4%	175,7 k €	+265%	-106,6 k €	-143%	-43,8 k €	-361%	16,8 k €
Total assets	1,6 M €	-1.0%	1,6 M €	-25.8%	2,1 M €	-10.4%	2,4 M €	+0.2%	2,4 M €	-11.2%	2,7 M €	+108%	1,3 M €	-1.6%	1,3 M €	+23.1%	1,1 M €	-4.0%	1,1 M €	+2.5%	1,1 M €	-9.1%	1,2 M €	-5.0%	1,2 M €	+5.4%	1,2 M €	-14.7%	1,4 M €	+8.3%	1,3 M €	+18.9%	1,1 M €	+0.8%	1,1 M €	+7.3%	990,5 k €
Cash	507,3 k €	-11.9%	575,9 k €	+473%	100,6 k €	+410%	19,7 k €	-59.3%	48,4 k €	-35.9%	75,5 k €	+43.2%	52,8 k €	-38.8%	86,3 k €	+115%	40,1 k €	-48.7%	78,2 k €	+70.7%	45,8 k €	-13.6%	53 k €	-74.6%	208,6 k €	+185%	73,2 k €	-77.4%	323,4 k €	+105%	157,5 k €	+1079%	13,4 k €	+138%	5,6 k €	-82.6%	32,3 k €
Debts	639,5 k €	-3.7%	663,9 k €	+74.6%	380,2 k €	+18.9%	319,8 k €	-43.8%	568,5 k €	-53.4%	1,2 M €	+2956%	39,9 k €	-54.3%	87,4 k €	+175%	31,8 k €	-64.4%	89,4 k €	-63.6%	245,4 k €	-36.9%	388,7 k €	-31.9%	570,5 k €	-19.6%	709,5 k €	-25.4%	950,9 k €	+1.6%	935,8 k €	-20.5%	1,2 M €	+8.8%	1,1 M €	+11.2%	973,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

XAVIER PIERLET

Director · since 22 décembre 2025 · until 27 juin 2031 · 0816.570.843

Represented by Xavier Pierlet

Active

HEWIMA

Director · since 22 janvier 2025 · until 27 juin 2031 · 0686.884.120

Represented by Guillaume Beuscart

Active

ABSOlute Consulting

Director · since 25 septembre 2023 · until 22 décembre 2025 · 0895.690.971

Represented by Olivier Beguin

Active

Céline SARRAF

Director · since 25 septembre 2023 · until 24 juin 2030

Active

Clapeyto SARLU

Director · since 25 septembre 2023 · until 24 juin 2030

Represented by Patrice Descamps

Active

Ended mandates

ABSOlute Consulting

Director · since 25 septembre 2023 · until 24 juin 2030 · 0895.690.971

Represented by Olivier Beguin

Ended

Meeùs & Parmentier Properties

Managing director · since 25 septembre 2023 · until 11 décembre 2024 · 0887.715.195

Represented by Luc Parmentier

Ended

Meeùs & Parmentier Properties

Managing director · since 25 septembre 2023 · until 24 juin 2030 · 0887.715.195

Represented by Luc Parmentier

Ended

Chantal SCHUSTER

Director · since 26 mars 2022 · until 31 mars 2028

Ended

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	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	31/12/2025	31/12/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	15 months	12 months	12 months	12 months	12 months
Filing date	15/07/2026	07/07/2025	25/07/2024	01/06/2023	21/04/2022	31/03/2021
General meeting	26/06/2026	27/06/2025	29/03/2024	24/03/2023	25/03/2022	26/03/2021
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

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	26/06/2026	15/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	07/07/2025	French	PDF
Abridged model	30/09/2023	29/03/2024	25/07/2024	French	PDF
Abridged model	30/09/2022	24/03/2023	01/06/2023	French	PDF
Abridged model	30/09/2021	25/03/2022	21/04/2022	French	PDF
Abridged model	30/09/2020	26/03/2021	31/03/2021	French	PDF
Abridged model	30/09/2019	27/03/2020	02/06/2020	French	PDF
Abridged model	30/09/2018	29/03/2019	29/04/2019	French	PDF
Abridged model	30/09/2017	30/03/2018	04/07/2018	French	PDF
Abridged model	30/09/2016	31/03/2017	13/04/2017	French	PDF
Abridged model	30/09/2015	25/03/2016	30/03/2016	French	PDF
Abridged model	30/09/2014	27/03/2015	30/03/2015	French	PDF
Abridged model	30/09/2013	28/03/2014	23/04/2014	French	PDF
Abridged model	30/09/2012	29/03/2013	22/04/2013	French	PDF
Abridged model	30/09/2011	30/03/2012	23/04/2012	French	PDF
Abridged model	30/09/2010	25/03/2011	26/04/2011	French	PDF
Abridged model	31/12/2008	11/05/2009	20/08/2009	French	PDF
Abridged model	31/12/2007	12/05/2008	10/06/2008	French	PDF
Abridged modelCorrection	31/12/2006	14/05/2007	27/08/2007	French	PDF
Abridged model	31/12/2006	14/05/2007	16/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

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 · 31 ended

Active mandates

XAVIER PIERLET

Director · since 22 décembre 2025 · until 27 juin 2031 · 0816.570.843

Represented by Xavier Pierlet

Active

HEWIMA

Director · since 22 janvier 2025 · until 27 juin 2031 · 0686.884.120

Represented by Guillaume Beuscart

Active

ABSOlute Consulting

Director · since 25 septembre 2023 · until 22 décembre 2025 · 0895.690.971

Represented by Olivier Beguin

Active

Céline SARRAF

Director · since 25 septembre 2023 · until 24 juin 2030

Active

Clapeyto SARLU

Director · since 25 septembre 2023 · until 24 juin 2030

Represented by Patrice Descamps

Active

Ended mandates

ABSOlute Consulting

Director · since 25 septembre 2023 · until 24 juin 2030 · 0895.690.971

Represented by Olivier Beguin

Ended

Meeùs & Parmentier Properties

Managing director · since 25 septembre 2023 · until 11 décembre 2024 · 0887.715.195

Represented by Luc Parmentier

Ended

Meeùs & Parmentier Properties

Managing director · since 25 septembre 2023 · until 24 juin 2030 · 0887.715.195

Represented by Luc Parmentier

Ended

Chantal SCHUSTER

Director · since 26 mars 2022 · until 31 mars 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates01/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates15/10/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates09/10/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2016
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates08/01/2016
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 20259,2 k €↓
2024
Annual accounts 20241,8 M €↑
2024
Name changeHD17 Holding
2023
Annual accounts 2023-229,4 k €↓
2022
Annual accounts 2022232,7 k €↓
2021
Annual accounts 2021354,7 k €↑
2020
Annual accounts 2020272,5 k €↑
2019
Annual accounts 201923,1 k €↑
2018
Annual accounts 201814,9 k €↓
2017
Annual accounts 201759,6 k €↓
2016
Annual accounts 2016183 k €↑
2015
Annual accounts 2015167,5 k €↑
2014
Annual accounts 2014153,1 k €↑
2013
Annual accounts 2013146,4 k €↑
2012
Annual accounts 2012138 k €↑
2011
Annual accounts 201194 k €↓
2010
Annual accounts 2010670,1 k €↑
2008
Annual accounts 2008-62,8 k €↓
2007
Annual accounts 2007-60,7 k €↓
2006
Annual accounts 2006-4,5 k €
2006
Name changeNordgrund Of Benelux
09/04/1991
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

HD17 HOLDING

Overview

What does HD17 HOLDING do?

Trend over 19 financial years

Indicative valuation

Board of directors

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