ACTIVE

HIVRON

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Financial year 2025 · closed on 31/12/2025
Net result
45,2 k €
+354.6% YoY
Gross margin
828,6 k €
-7.2% YoY
Equity
30,2 k €
+302.4% YoY

What does HIVRON do?

HIVRON is a Public limited company incorporated in 1993. Its main activity is: Motion picture, video and television programme production activities. Its registered office is in Etterbeek.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.339.236
Incorporation
08/02/1993
Legal form
Public limited company
Registered office
Boulevard Louis Schmidt 119 box 2
1040 Etterbeek · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
59114Motion picture, video and television programme production activities· main59114Motion picture, video and television programme production activities59111Motion picture, video and television programme production activities59111Motion picture, video and television programme production activities59112Motion picture, video and television programme production activities59112Motion picture, video and television programme production activities+2
Joint committees (2)
  • 100
  • 227
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920072006
Income statement
Gross margin828,6 k €893,4 k €916,1 k €935,9 k €892,6 k €894,5 k €784,6 k €915,6 k €499,4 k €566,2 k €890 k €793,5 k €431,4 k €230,5 k €1,7 k €–––-1,3 k €
EBITDA62,7 k €32 k €60,7 k €72,8 k €42,9 k €36,2 k €66,3 k €127,5 k €57,4 k €219,1 €40,3 k €25,7 k €11,2 k €11,5 k €1,7 k €-183 €––-1,4 k €
Operating result18,5 k €-12,4 k €15,4 k €13,2 k €-15,1 k €-12,1 k €22,8 k €74,5 k €25,1 k €-26,9 k €12,8 k €-5,5 k €-10,8 k €-2,6 k €1,7 k €-183 €––-1,4 k €
Net result45,2 k €-17,7 k €1,6 k €933,9 €-7,1 k €-26,5 k €-37 k €26 k €15,4 k €-29,5 k €10,4 k €-2,1 k €-6 k €-2,7 k €1,7 k €-107 €-3 €-15 €349 €
Balance sheet
Equity30,2 k €-14,9 k €2,8 k €1,2 k €301 €7,4 k €33,9 k €70,8 k €44,8 k €29,4 k €58,9 k €48,5 k €50,7 k €56,6 k €59,3 k €27,1 k €27,2 k €27 k €27 k €
Total assets795,6 k €656,7 k €720,6 k €528,2 k €347,6 k €595,1 k €495 k €365,2 k €188,3 k €407,9 k €203,3 k €202,7 k €121,2 k €198,8 k €59,3 k €27,3 k €27,4 k €34,4 k €34,4 k €
Cash152,6 k €108 k €46,7 k €47 k €9,8 k €245,4 k €44,6 k €159,4 k €9,2 k €44,9 k €97,4 k €60,1 k €26,6 k €54,9 k €–404 €328 €2,1 k €2,1 k €
Debts765,4 k €671,6 k €717,8 k €526,9 k €347,3 k €587,7 k €461,2 k €294,4 k €143,5 k €297,1 k €144,4 k €154,2 k €42,9 k €64,2 k €–148 €148 €7,3 k €7,3 k €
Other
Workforce––26,5 ETP29,6 ETP30,5 ETP29,1 ETP25,1 ETP25,8 ETP21,9 ETP25,1 ETP30,8 ETP29,6 ETP17,6 ETP7,4 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Serif CANKAYA

Managing director

Active

Ended mandates

Serif CANKAYA

Managing director · since 01 janvier 2019

Ended
Sherif CANKAYA

Managing director · since 01 janvier 2019

Ended
Ali Gul CAKAL

Director · since 26 janvier 2012 · until 26 janvier 2018

Ended
Nimetullah KILIçASLAN

Managing director · since 26 janvier 2012 · until 26 janvier 2018

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/07/202617/07/202519/07/202427/07/202301/08/202231/08/2021
General meeting24/06/202624/06/202524/06/202424/06/202324/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202524/06/202622/07/2026DutchPDF
Micro model31/12/202424/06/202517/07/2025DutchPDF
Abridged model31/12/202324/06/202419/07/2024DutchPDF
Abridged model31/12/202224/06/202327/07/2023DutchPDF
Abridged model31/12/202124/06/202201/08/2022DutchPDF
Abridged model31/12/202024/06/202131/08/2021DutchPDF
Abridged model31/12/201924/06/202025/11/2020DutchPDF
Abridged model31/12/201824/06/201930/08/2019DutchPDF
Abridged model31/12/201725/06/201817/09/2018DutchPDF
Abridged model31/12/201624/06/201731/07/2017DutchPDF
Abridged model31/12/201524/06/201620/07/2016DutchPDF
Abridged model31/12/201424/06/201531/08/2015DutchPDF
Abridged model31/12/201324/06/201429/08/2014DutchPDF
Abridged model31/12/201224/06/201330/08/2013DutchPDF
Abridged model31/12/201124/06/201230/08/2012DutchPDF
Abridged model31/12/201024/06/201131/08/2011DutchPDF
Abridged model31/12/200930/06/201031/12/2010DutchPDF
Abridged model31/12/200730/06/200829/08/2008DutchPDF
Abridged model31/12/200630/06/200717/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 9 ended

Active mandates

Serif CANKAYA

Managing director

Active

Ended mandates

Serif CANKAYA

Managing director · since 01 janvier 2019

Ended
Sherif CANKAYA

Managing director · since 01 janvier 2019

Ended
Ali Gul CAKAL

Director · since 26 janvier 2012 · until 26 janvier 2018

Ended
Nimetullah KILIçASLAN

Managing director · since 26 janvier 2012 · until 26 janvier 2018

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/02/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/07/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office19/06/2012
    MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates27/02/2012
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates13/01/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/12/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares26/08/2011
    KAPITAAL - AANDELEN
    PDF
  • Mandates30/05/2011
    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

Timeline

  1. 2025
    Annual accounts 202545,2 k €↑
  2. 2024
    Annual accounts 2024-17,7 k €↓
  3. 2023
    Annual accounts 20231,6 k €↑
  4. 2022
    Annual accounts 2022933,9 €↑
  5. 2021
    Annual accounts 2021-7,1 k €↑
  6. 2020
    Annual accounts 2020-26,5 k €↑
  7. 2019
    Annual accounts 2019-37 k €↓
  8. 2018
    Annual accounts 201826 k €↑
  9. 2017
    Annual accounts 201715,4 k €↑
  10. 2016
    Annual accounts 2016-29,5 k €↓
  11. 2015
    Annual accounts 201510,4 k €↑
  12. 2014
    Annual accounts 2014-2,1 k €↑
  13. 2013
    Annual accounts 2013-6 k €↓
  14. 2012
    Annual accounts 2012-2,7 k €↓
  15. 2011
    Annual accounts 20111,7 k €↑
  16. 2011
    Name changeHivron
  17. 2010
    Annual accounts 2010-107 €↓
  18. 2009
    Annual accounts 2009-3 €↑
  19. 2007
    Annual accounts 2007-15 €↓
  20. 2006
    Annual accounts 2006349 €
  21. 2006
    Name changeST. TROP
  22. 08/02/1993
    IncorporationPublic limited company