ACTIVE

HBB

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Financial year 2025 · closed on 31/12/2025

Net result

-64,6 k €

-101.6% YoY

Equity

79 M €

-0.1% YoY

What does HBB do?

HBB is a Non-profit organization incorporated in 1991. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.807.545

Incorporation

21/10/1991

Legal form

Non-profit organization

Registered office

Diestsevest 40
3000 Leuven · FlandreSee on map

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidity

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		2009		2008		2007
Income statement
EBITDA	-28,9 M €	-8.5%	-26,6 M €	-6.6%	-25 M €	-9.7%	-22,7 M €	-8.6%	-20,9 M €	+5.1%	-22,1 M €	-3.5%	-21,3 M €	-8.5%	-19,7 M €	-10.3%	-17,8 M €	+0.6%	-17,9 M €	-49.4%	-12 M €	+30.4%	-17,2 M €	-1.1%	-17,1 M €	-9.6%	-15,6 M €	-19.8%	-13 M €	-194%	-4,4 M €	+69.5%	-14,5 M €	-3813%	-370,3 k €	-114%	2,6 M €
Operating result	-28,9 M €	-8.5%	-26,6 M €	-6.6%	-25 M €	-9.7%	-22,7 M €	-8.6%	-20,9 M €	+5.1%	-22,1 M €	-3.5%	-21,3 M €	-8.5%	-19,7 M €	-10.3%	-17,8 M €	+0.6%	-17,9 M €	-49.4%	-12 M €	+30.4%	-17,2 M €	-1.1%	-17,1 M €	-9.6%	-15,6 M €	-19.8%	-13 M €	-194%	-4,4 M €	+69.5%	-14,5 M €	-3813%	-370,3 k €	-114%	2,6 M €
Net result	-64,6 k €	-102%	4 M €	-43.3%	7 M €	+158%	-12,1 M €	-206%	11,4 M €	+3863%	-302,1 k €	-127%	1,1 M €	+97.4%	561,3 k €	-90.8%	6,1 M €	+52.4%	4 M €	-57.6%	9,4 M €	+3792%	241,8 k €	-96.5%	6,9 M €	+294%	-3,6 M €	+72.0%	-12,8 M €	-201%	-4,3 M €	+67.9%	-13,2 M €	-10481%	-125,1 k €	-104%	3,2 M €
Balance sheet
Equity	79 M €	-0.1%	79 M €	+5.3%	75,1 M €	+10.2%	68,1 M €	-15.1%	80,2 M €	+16.5%	68,8 M €	-0.4%	69,1 M €	+1.6%	68 M €	+0.8%	67,5 M €	+9.9%	61,4 M €	+7.0%	57,4 M €	+19.6%	48 M €	+0.5%	47,7 M €	+17.0%	40,8 M €	-8.1%	44,4 M €	-22.4%	57,2 M €	-6.9%	61,4 M €	-17.7%	74,7 M €	-0.2%	74,8 M €
Total assets	80,3 M €	+0.7%	79,7 M €	+5.8%	75,4 M €	+7.7%	70 M €	-13.1%	80,5 M €	+15.9%	69,5 M €	+0.4%	69,2 M €	+1.6%	68,1 M €	-0.0%	68,1 M €	+10.8%	61,4 M €	+6.6%	57,6 M €	+19.5%	48,2 M €	+0.1%	48,2 M €	+17.6%	40,9 M €	-8.0%	44,5 M €	-22.3%	57,3 M €	-7.2%	61,7 M €	-17.8%	75,1 M €	-13.5%	86,8 M €
Cash	711,1 k €	-5.9%	755,3 k €	+55.3%	486,4 k €	-90.1%	4,9 M €	-83.0%	28,8 M €	+6490%	437,8 k €	+30.7%	335 k €	-76.3%	1,4 M €	-2.9%	1,5 M €	-8.1%	1,6 M €	+260%	440,9 k €	-72.8%	1,6 M €	+48.8%	1,1 M €	-55.3%	2,4 M €	+113%	1,1 M €	+472%	199,7 k €	-81.9%	1,1 M €	+569%	164,7 k €	-33.8%	248,7 k €
Debts	1,3 M €	+88.1%	706,5 k €	+121%	320,3 k €	-83.0%	1,9 M €	+465%	332,8 k €	-48.1%	640,7 k €	+1562%	38,6 k €	-14.5%	45,1 k €	-92.7%	617,6 k €	+932%	59,8 k €	-73.0%	221,2 k €	-10.4%	247 k €	-42.4%	428,5 k €	+181%	152,7 k €	+5.9%	144,3 k €	+69.6%	85,1 k €	-65.9%	249,7 k €	-36.6%	394,1 k €	-96.7%	12 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 29 ended

Active mandates

An Vrancken

Director · since 30 septembre 2025

Active

Anneloes Lysens

Director · since 30 septembre 2025

Active

Frans De Wachter

Director · until 16 juin 2025

Active

Lode Ceyssens

Chairman of the board of directors

Active

Luc Florus

Director

Active

Lutgarde D'Hondt

Director

Active

Monique De Dobbeleer

Director · until 30 septembre 2025

Active

Pieter Verhelst

Director

Active

Ended mandates

Lutgarde D'Hondt

Director · since 28 mars 2023

Ended

Pieter Verhelst

Director · since 09 septembre 2022

Ended

Lode Ceyssens

Chairman of the board of directors · since 31 août 2022

Ended

Lode Ceyssens

Director · since 01 septembre 2021

Ended

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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	01/07/2026	01/07/2025	02/07/2024	30/06/2023	26/07/2022	06/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	23/06/2023	28/06/2022	28/06/2021
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
Full model	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	30/06/2023	Dutch	PDF
Full model	31/12/2021	28/06/2022	26/07/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	06/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	02/07/2018	Dutch	PDF
Full model	31/12/2016	27/06/2017	04/07/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	29/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	23/06/2014	26/06/2014	Dutch	PDF
Full model	31/12/2012	14/05/2013	10/06/2013	Dutch	PDF
Full model	31/12/2011	26/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	28/06/2011	04/07/2011	Dutch	PDF
Full model	31/12/2009	21/06/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	23/06/2009	24/06/2009	Dutch	PDF
Full model	31/12/2007	07/03/2008	02/04/2008	Dutch	PDF
Full model	31/12/2006	14/05/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 8 active · 29 ended

Active mandates

An Vrancken

Director · since 30 septembre 2025

Active

Anneloes Lysens

Director · since 30 septembre 2025

Active

Frans De Wachter

Director · until 16 juin 2025

Active

Lode Ceyssens

Chairman of the board of directors

Active

Luc Florus

Director

Active

Lutgarde D'Hondt

Director

Active

Monique De Dobbeleer

Director · until 30 septembre 2025

Active

Pieter Verhelst

Director

Active

Ended mandates

Lutgarde D'Hondt

Director · since 28 mars 2023

Ended

Pieter Verhelst

Director · since 09 septembre 2022

Ended

Lode Ceyssens

Chairman of the board of directors · since 31 août 2022

Ended

Lode Ceyssens

Director · since 01 septembre 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/09/2026
Herbenoeming voorzitter
PDF
Mandates05/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/10/2022
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 2025-64,6 k €↓
30/09/2025
nominationAnneloes Lysens — bestuurder
30/09/2025
nominationAn Vrancken — bestuurder
30/06/2025
nominationWim Van Gasse — commissaris
2024
Annual accounts 20244 M €↓
2023
Annual accounts 20237 M €↑
28/03/2023
nominationLutgarde D'Hondt — bestuurder
2022
Annual accounts 2022-12,1 M €↓
09/09/2022
nominationPieter Verhelst — bestuurder
31/08/2022
nominationLode Ceyssens — voorzitter
31/08/2022
nominationFrans De Wachter — secretaris
28/06/2022
reconductionMonique De Dobbeleer — bestuurder
28/06/2022
reconductionFrans De Wachter — bestuurder
28/06/2022
reconductionWim Van Gasse — commissaris
2021
Annual accounts 202111,4 M €↑
2020
Annual accounts 2020-302,1 k €↓
2019
Annual accounts 20191,1 M €↑
2018
Annual accounts 2018561,3 k €↓
2017
Annual accounts 20176,1 M €↑
2016
Annual accounts 20164 M €↓
2015
Annual accounts 20159,4 M €↑
2014
Annual accounts 2014241,8 k €↓
2013
Annual accounts 20136,9 M €↑
2012
Annual accounts 2012-3,6 M €↑
2011
Annual accounts 2011-12,8 M €↓
2010
Annual accounts 2010-4,3 M €↑
2009
Annual accounts 2009-13,2 M €↓
2008
Annual accounts 2008-125,1 k €↓
2007
Annual accounts 20073,2 M €
21/10/1991
IncorporationNon-profit organization

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

HBB

Overview

What does HBB do?

Trend over 19 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