ACTIVE

HVM CONSULTING

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Financial year 2025 · closed on 31/12/2025

Net result

80 k €

+252.8% YoY

Gross margin

127,1 k €

+208.4% YoY

Equity

593,1 k €

+15.6% YoY

What does HVM CONSULTING do?

HVM CONSULTING is a Private limited company incorporated in 1991. Its main activity is: Travel agency activities. Its registered office is in Keerbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.747.761

Incorporation

13/11/1991

Legal form

Private limited company

Registered office

Mereldreef 101
3140 Keerbergen · FlandreSee on map

Contributed capital

123 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

79110Travel agency activities· main 79110Travel agency activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	127,1 k €	+208%	41,2 k €	+45.7%	28,3 k €	-11.7%	32,1 k €	-76.9%	139 k €	+185%	48,8 k €	+107%	23,5 k €	-47.6%	44,9 k €	+159%	17,4 k €	-64.8%	49,3 k €	-31.4%	71,9 k €	+32.5%	54,3 k €	-15.1%	63,9 k €	-54.9%	141,8 k €	+18.8%	119,4 k €	-9.1%	131,4 k €	+26.8%	103,6 k €	-22.5%	133,8 k €	-8.7%	146,5 k €	+8.6%	134,9 k €
EBITDA	125,6 k €	+216%	39,7 k €	+47.7%	26,9 k €	+31.0%	20,5 k €	-84.7%	134,2 k €	+181%	47,8 k €	+107%	23,1 k €	-48.0%	44,4 k €	+163%	16,9 k €	-64.8%	47,9 k €	-32.3%	70,8 k €	+35.7%	52,2 k €	-11.9%	59,2 k €	-55.9%	134,4 k €	+17.6%	114,2 k €	+71.1%	66,8 k €	+534%	10,5 k €	-76.4%	44,5 k €	-42.8%	77,9 k €	+21.2%	64,2 k €
Operating result	113,8 k €	+302%	28,3 k €	+53.7%	18,4 k €	-6.0%	19,6 k €	-85.3%	133 k €	+187%	46,3 k €	+136%	19,6 k €	-51.2%	40,2 k €	+207%	13,1 k €	-58.1%	31,3 k €	-43.1%	55 k €	+51.1%	36,4 k €	+99.4%	18,3 k €	-79.6%	89,4 k €	+4.4%	85,6 k €	+125%	38 k €	+230%	-29,2 k €	-851%	3,9 k €	-89.9%	38,4 k €	+48.1%	25,9 k €
Net result	80 k €	+253%	22,7 k €	+89.6%	12 k €	-7.1%	12,9 k €	-86.4%	94,6 k €	+187%	33 k €	+138%	13,9 k €	-54.5%	30,5 k €	+66.7%	18,3 k €	-7.7%	19,8 k €	-34.7%	30,4 k €	+39.8%	21,7 k €	+107%	10,5 k €	-81.6%	56,8 k €	+7.4%	52,9 k €	+89.4%	27,9 k €	+171%	-39,3 k €	-20.9%	-32,5 k €	-287%	17,4 k €	+13.0%	15,4 k €
Balance sheet
Equity	593,1 k €	+15.6%	513,1 k €	+4.6%	490,4 k €	+2.5%	478,5 k €	+2.8%	465,6 k €	+25.5%	371 k €	+9.8%	338 k €	+4.3%	324,1 k €	+10.4%	293,6 k €	+6.6%	275,3 k €	+7.8%	255,5 k €	+13.5%	225,1 k €	+10.7%	203,4 k €	+0.2%	202,9 k €	+38.9%	146,1 k €	+56.7%	93,3 k €	+42.7%	65,3 k €	-37.6%	104,7 k €	-23.7%	137,2 k €	+14.5%	119,8 k €
Total assets	699,1 k €	-22.9%	906,9 k €	+66.6%	544,5 k €	-10.3%	606,7 k €	+5.0%	577,8 k €	+46.0%	395,8 k €	-0.9%	399,3 k €	+3.0%	387,8 k €	+3.1%	376,1 k €	-3.6%	390,1 k €	-0.7%	392,9 k €	-32.9%	585,9 k €	-0.9%	591,3 k €	+34.4%	440,1 k €	+12.8%	390,1 k €	+11.1%	351,1 k €	+9.1%	321,8 k €	-32.0%	473,1 k €	-37.6%	758,3 k €	+42.1%	533,5 k €
Cash	542,4 k €	+14.2%	474,9 k €	+3.0%	461,2 k €	-8.1%	501,7 k €	+2.2%	491 k €	+33.8%	367,1 k €	+12.3%	327 k €	+1.5%	322,3 k €	+13.1%	284,9 k €	+17.2%	243,1 k €	+2.7%	236,6 k €	-21.9%	302,8 k €	+47.7%	205 k €	+31.4%	156,1 k €	-36.6%	246,3 k €	+55.6%	158,3 k €	+31.4%	120,4 k €	-14.8%	141,3 k €	-24.5%	187,3 k €	-14.9%	220 k €
Debts	96,8 k €	+2896%	3,2 k €	-75.0%	12,9 k €	-76.3%	54,5 k €	+36.9%	39,8 k €	+855%	4,2 k €	-47.5%	7,9 k €	-75.8%	32,8 k €	+59.8%	20,5 k €	-11.1%	23,1 k €	+3.6%	22,3 k €	-28.1%	31 k €	-3.8%	32,3 k €	-55.2%	72 k €	+59.7%	45,1 k €	-48.1%	86,8 k €	+30.6%	66,5 k €	-36.5%	104,7 k €	-37.8%	168,3 k €	-2.9%	173,3 k €
Other
Workforce	–		–		–		0,3 ETP	+50.0%	0,2 ETP		–		–		–		–		–		–		0,3 ETP	0.0%	0,3 ETP	+50.0%	0,2 ETP	0.0%	0,2 ETP	-77.8%	0,9 ETP	-25.0%	1,2 ETP	-7.7%	1,3 ETP	-13.3%	1,5 ETP	-25.0%	2,0 ETP

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 · 1 active · 1 ended

Active mandates

HANS VANMAELE

Mandate

Active

Ended mandates

Hans VANMAELE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro 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	11/05/2026	15/05/2025	15/05/2024	15/05/2023	20/05/2022	31/05/2021
General meeting	09/05/2026	10/05/2025	11/05/2024	13/05/2023	14/05/2022	08/05/2021
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

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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	09/05/2026	11/05/2026	Dutch	PDF
Micro model	31/12/2024	10/05/2025	15/05/2025	Dutch	PDF
Micro model	31/12/2023	11/05/2024	15/05/2024	Dutch	PDF
Abridged model	31/12/2022	13/05/2023	15/05/2023	Dutch	PDF
Abridged model	31/12/2021	14/05/2022	20/05/2022	Dutch	PDF
Abridged model	31/12/2020	08/05/2021	31/05/2021	Dutch	PDF
Abridged model	31/12/2019	09/05/2020	04/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/05/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/05/2018	22/05/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	16/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/05/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	18/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/05/2012	19/05/2012	Dutch	PDF
Abridged model	31/12/2010	14/05/2011	18/05/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	26/06/2007	Dutch	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 · 1 active · 1 ended

Active mandates

HANS VANMAELE

Mandate

Active

Ended mandates

Hans VANMAELE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/06/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office15/07/2015
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares21/01/2014
KAPITAAL - AANDELEN
PDF
Mandates23/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/12/2002
KAPITAAL - AANDELEN
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 202580 k €↑
2024
Annual accounts 202422,7 k €↑
2023
Annual accounts 202312 k €↓
2022
Annual accounts 202212,9 k €↓
2021
Annual accounts 202194,6 k €↑
2020
Annual accounts 202033 k €↑
2019
Annual accounts 201913,9 k €↓
2018
Annual accounts 201830,5 k €↑
2017
Annual accounts 201718,3 k €↓
2016
Annual accounts 201619,8 k €↓
2015
Annual accounts 201530,4 k €↑
2014
Annual accounts 201421,7 k €↑
2013
Annual accounts 201310,5 k €↓
2012
Annual accounts 201256,8 k €↑
2011
Annual accounts 201152,9 k €↑
2010
Annual accounts 201027,9 k €↑
2009
Annual accounts 2009-39,3 k €↓
2008
Annual accounts 2008-32,5 k €↓
2007
Annual accounts 200717,4 k €↑
2006
Annual accounts 200615,4 k €
13/11/1991
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

HVM CONSULTING

Overview

What does HVM CONSULTING do?

Trend over 20 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