ACTIVE

HPG BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-118,5 k €-146,1 %over 1 year
Gross margin-136,2 k €+9,9 %over 1 year
Equity16,5 M €-0,7 %over 1 year
Workforce0,5 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

HPG BELGIUM is a Public limited company incorporated in 1993. Its main activity is: Development of building projects. Its registered office is in Maasmechelen. It employs on average 0,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0449.753.663
Incorporation
01/04/1993
Legal form
Public limited company
Registered office
Geloeslaan(M) 27
3630 Maasmechelen · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
0,5 ETP
Joint committees (2)
  • 200
  • 2000
Signals
Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin-136,2 k €-151,2 k €-195,6 k €-180,7 k €-22,9 k €
EBITDA-564 k €-193,2 k €-228,9 k €-224,4 k €-53,6 k €
Operating result-644,1 k €-236,8 k €-274,5 k €-267,6 k €-125,4 k €
Net result-118,5 k €257,2 k €-129,4 k €67,1 k €13,2 k €
Balance sheet
Equity16,5 M €16,6 M €16,5 M €16,7 M €16,8 M €
Total assets16,5 M €16,8 M €16,6 M €16,9 M €16,9 M €
Cash308,7 k €1,7 M €6,1 M €11,2 M €2,2 M €
Debts40,7 k €261,1 k €36,2 k €258,2 k €10,6 k €
Other
Workforce0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 27 ended

Active mandates

Johannes Hugenholtz

Director · since 27 novembre 2025

Active
Cécile Hugenholtz

Managing director · since 22 décembre 2022

Active

Ended mandates

HPG Villas

Managing director · since 14 décembre 2023 · until 17 mai 2029 · 0873.508.358

Represented by Hugenholtz JOHANNES

Ended
HPG Villas

Managing director · since 14 décembre 2023 · until 17 mai 2029 · 0873.508.358

Represented by Hugenholtz JOHANNES

Ended
Cécile Hugenholtz

Managing director · since 22 décembre 2022 · until 17 mai 2028

Ended
Cécile Hugenholtz

Managing director · since 22 décembre 2022 · until 22 décembre 2028

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged 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 date29/04/202604/06/202527/08/202409/05/202326/07/202227/08/2021
General meeting31/03/202603/06/202517/05/202411/04/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/03/202629/04/2026DutchPDF
Abridged model31/12/202403/06/202504/06/2025DutchPDF
Abridged model31/12/202317/05/202427/08/2024DutchPDF
Abridged model31/12/202211/04/202309/05/2023DutchPDF
Abridged model31/12/202130/06/202226/07/2022DutchPDF
Abridged model31/12/202030/06/202127/08/2021DutchPDF
Abridged model31/12/201904/09/202006/10/2020DutchPDF
Abridged model31/12/201817/05/201920/05/2019DutchPDF
Abridged model31/12/201717/05/201811/06/2018DutchPDF
Abridged model31/12/201619/06/201728/06/2017DutchPDF
Abridged model31/12/201525/08/201631/08/2016DutchPDF
Abridged model31/12/201418/05/201517/06/2015DutchPDF
Abridged model31/12/201317/05/201423/05/2014DutchPDF
Abridged model31/12/201217/05/201307/06/2013DutchPDF
Abridged model31/12/201129/05/201226/06/2012DutchPDF
Abridged model31/12/201017/05/201118/05/2011DutchPDF
Abridged model31/12/200917/05/201002/06/2010DutchPDF
Abridged model31/12/200818/05/200925/05/2009DutchPDF
Abridged model31/12/200717/05/200810/06/2008DutchPDF
Abridged model31/12/200618/05/200714/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 27 ended

Active mandates

Johannes Hugenholtz

Director · since 27 novembre 2025

Active
Cécile Hugenholtz

Managing director · since 22 décembre 2022

Active

Ended mandates

HPG Villas

Managing director · since 14 décembre 2023 · until 17 mai 2029 · 0873.508.358

Represented by Hugenholtz JOHANNES

Ended
HPG Villas

Managing director · since 14 décembre 2023 · until 17 mai 2029 · 0873.508.358

Represented by Hugenholtz JOHANNES

Ended
Cécile Hugenholtz

Managing director · since 22 décembre 2022 · until 17 mai 2028

Ended
Cécile Hugenholtz

Managing director · since 22 décembre 2022 · until 22 décembre 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/10/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/06/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring05/09/2014
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring26/05/2014
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates18/06/2013
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025-118,5 k €↓
  2. 2024
    Annual accounts 2024257,2 k €↑
  3. 2023
    Annual accounts 2023-129,4 k €↓
  4. 2022
    Annual accounts 202267,1 k €↑
  5. 2021
    Annual accounts 202113,2 k €↑
  6. 2020
    Annual accounts 2020-22,3 k €↓
  7. 2019
    Annual accounts 20192,3 M €↑
  8. 2018
    Annual accounts 2018179,8 k €↑
  9. 2017
    Annual accounts 2017-2,1 M €↓
  10. 2016
    Annual accounts 2016250,8 k €↓
  11. 2015
    Annual accounts 2015467,2 k €↓
  12. 2013
    Annual accounts 2013723,3 k €↓
  13. 2012
    Annual accounts 20121,1 M €↑
  14. 2011
    Annual accounts 2011533,3 k €↑
  15. 2010
    Annual accounts 2010374,3 k €↓
  16. 2009
    Annual accounts 2009387,8 k €↓
  17. 2008
    Annual accounts 20087,9 M €↑
  18. 2007
    Annual accounts 2007-224,2 k €↓
  19. 2006
    Annual accounts 20067,8 M €
  20. 01/04/1993
    IncorporationPublic limited company