ACTIVE

HARTMANN-THIRY

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Financial year 2025 · closed on 31/12/2025

Net result

42 k €

+82.3% YoY

Revenue

89 k €

-53.8% YoY

Equity

150,6 k €

+38.7% YoY

What does HARTMANN-THIRY do?

HARTMANN-THIRY is a Private limited company incorporated in 1993. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.326.557

Incorporation

11/06/1993

Legal form

Private limited company

Contributed capital

8 676,27 €

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69201Accounting, bookkeeping and auditing activities; tax consultancy 74122Specialised design activities

Joint committees (4)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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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
Revenue	89 k €	-53.8%	192,7 k €	+70.8%	112,8 k €	-35.0%	173,5 k €	-47.0%	327,4 k €	-6.3%	349,6 k €	-21.9%	447,5 k €	+4.3%	428,9 k €	-9.1%	472 k €	+5.4%	447,7 k €	+11.2%	402,5 k €	+6.6%	377,6 k €	-8.3%	411,9 k €	-2.7%	423,2 k €		–		367,7 k €	+9.1%	337 k €	+11.1%	303,2 k €	+13.5%	267,2 k €	-2.5%	274 k €
EBITDA	87,6 k €	+25.5%	69,8 k €	+412%	-22,3 k €	-155%	40,7 k €	-12.6%	46,6 k €	+87.6%	24,8 k €	-19.0%	30,7 k €	-22.7%	39,7 k €	+44.5%	27,4 k €	-45.3%	50,2 k €	+147%	20,3 k €	-34.6%	31,1 k €	-30.9%	44,9 k €	+4.1%	43,2 k €	-34.1%	65,5 k €	+5.9%	61,9 k €	+5.2%	58,8 k €	+80.3%	32,6 k €	+105%	15,9 k €	-60.7%	40,5 k €
Operating result	56 k €	+41.2%	39,6 k €	+187%	-45,4 k €	-371%	16,7 k €	-31.1%	24,3 k €	+1443%	1,6 k €	+133%	-4,7 k €	-133%	14,5 k €	+344%	3,3 k €	-88.1%	27,5 k €	+2006%	-1,4 k €	-114%	10 k €	-61.2%	25,7 k €	+58.7%	16,2 k €	-46.7%	30,4 k €	-6.0%	32,4 k €	+13.9%	28,4 k €	+933%	2,8 k €	+2290%	115,1 €	-99.4%	18,7 k €
Net result	42 k €	+82.3%	23 k €	+141%	-56,6 k €	-1087%	5,7 k €	-61.3%	14,8 k €	+363%	-5,6 k €	+38.9%	-9,2 k €	-218%	7,8 k €	+3004%	-270,1 €	-101%	20 k €	+554%	-4,4 k €	-169%	6,4 k €	-64.6%	18,1 k €	+87.8%	9,6 k €	-53.6%	20,8 k €	-9.1%	22,9 k €	+29.9%	17,6 k €	+540%	-4 k €	-18.1%	-3,4 k €	-132%	10,6 k €
Balance sheet
Equity	150,6 k €	+38.7%	108,6 k €	+26.9%	85,5 k €	-39.8%	142,1 k €	+4.2%	136,4 k €	+12.2%	121,5 k €	-4.4%	127,2 k €	-6.8%	136,4 k €	+6.1%	128,6 k €	-0.2%	128,8 k €	+18.4%	108,8 k €	-3.9%	113,2 k €	+6.0%	106,8 k €	+20.4%	88,7 k €	+12.2%	79 k €	+35.8%	58,2 k €	+64.8%	35,3 k €	+99.6%	17,7 k €	-18.4%	21,7 k €	-13.5%	25,1 k €
Total assets	683,6 k €	+0.6%	679,3 k €	+10.5%	614,5 k €	+13.3%	542,5 k €	+13.2%	479,1 k €	+13.2%	423,3 k €	+54.1%	274,8 k €	+1.3%	271,3 k €	+4.8%	259 k €	-2.7%	266,1 k €	+3.0%	258,4 k €	+6.8%	242 k €	-25.3%	324 k €	+11.6%	290,3 k €	+2.2%	284 k €	+22.0%	232,8 k €	+18.6%	196,3 k €	-6.0%	208,8 k €	+64.1%	127,2 k €	-3.3%	131,6 k €
Cash	9,2 k €	+2062%	423,8 €	-92.1%	5,3 k €	+26.2%	4,2 k €	-53.2%	9 k €	-72.9%	33,3 k €	+264%	9,2 k €	-70.0%	30,5 k €	+260%	8,5 k €	-64.5%	23,8 k €	+10.0%	21,7 k €	+36.9%	15,8 k €	+1005%	1,4 k €	+262%	394,7 €	-98.4%	24,1 k €	+304%	6 k €	+95.6%	3,1 k €	+850%	321,6 €	-39.2%	529,2 €	-62.8%	1,4 k €
Debts	533 k €	-6.6%	570,8 k €	+7.9%	529 k €	+32.1%	400,5 k €	+16.8%	342,7 k €	+13.6%	301,8 k €	+104%	147,6 k €	+10.2%	134 k €	+2.9%	130,1 k €	-4.9%	136,9 k €	-8.4%	149,4 k €	+16.2%	128,6 k €	-40.8%	217,1 k €	+7.9%	201,2 k €	-1.4%	204 k €	+16.9%	174,5 k €	+10.3%	158,2 k €	-15.9%	188,2 k €	+89.6%	99,3 k €	-6.4%	106,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		2,9 ETP	0.0%	2,9 ETP	+3.6%	2,8 ETP	-15.2%	3,3 ETP	+10.0%	3,0 ETP	+25.0%	2,4 ETP	+33.3%	1,8 ETP	-45.5%	3,3 ETP	-8.3%	3,6 ETP	+56.5%	2,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 11 ended

Active mandates

Christophe HARTMANN

Director · since 19 février 2020

Active

Françoise THIRY

Director · since 19 février 2020

Active

Jeanine CORNELY

Director · since 19 février 2020

Active

René HARTMANN

Director · since 19 février 2020

Active

Ended mandates

Christophe HARTMANN

Manager · since 02 janvier 2019

Ended

Jeanine CORNELY

Manager · since 02 janvier 2019

Ended

FRANCOISE THIRY

Manager · since 25 janvier 1995

Ended

RENE HARTMANN

Manager · since 24 juin 1993

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	26/08/2025	13/09/2024	31/08/2023	14/09/2022	16/09/2021
General meeting	11/06/2026	11/06/2025	11/06/2024	12/06/2023	11/06/2022	11/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	31/08/2026	German	PDF
Micro model	31/12/2024	11/06/2025	26/08/2025	German	PDF
Micro model	31/12/2023	11/06/2024	13/09/2024	German	PDF
Micro model	31/12/2022	12/06/2023	31/08/2023	German	PDF
Micro model	31/12/2021	11/06/2022	14/09/2022	French	PDF
Micro modelCorrection	31/12/2020	11/06/2021	16/09/2021	French	PDF
Micro model	31/12/2020	11/06/2021	27/08/2021	French	PDF
Micro model	31/12/2019	20/08/2020	27/10/2020	French	PDF
Micro model	31/12/2018	11/06/2019	26/09/2019	French	PDF
Micro model	31/12/2017	11/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	12/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	11/06/2016	26/09/2016	French	PDF
Abridged model	31/12/2014	11/06/2015	30/09/2015	French	PDF
Abridged model	31/12/2013	11/06/2014	29/09/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	13/09/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	11/06/2011	30/09/2011	French	PDF
Abridged model	31/12/2009	11/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	11/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	11/06/2008	25/09/2008	French	PDF
Abridged model	31/12/2006	11/06/2007	01/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 4 active · 11 ended

Active mandates

Christophe HARTMANN

Director · since 19 février 2020

Active

Françoise THIRY

Director · since 19 février 2020

Active

Jeanine CORNELY

Director · since 19 février 2020

Active

René HARTMANN

Director · since 19 février 2020

Active

Ended mandates

Christophe HARTMANN

Manager · since 02 janvier 2019

Ended

Jeanine CORNELY

Manager · since 02 janvier 2019

Ended

FRANCOISE THIRY

Manager · since 25 janvier 1995

Ended

RENE HARTMANN

Manager · since 24 juin 1993

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/03/2020
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates04/02/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/04/2008
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202542 k €↑
2024
Annual accounts 202423 k €↑
2023
Annual accounts 2023-56,6 k €↓
2023
Name changeHARTMANN-THIRY
2022
Annual accounts 20225,7 k €↓
2021
Annual accounts 202114,8 k €↑
2021
Name changeFIDUCIAIRE HARTMANN-THIRY
2020
Annual accounts 2020-5,6 k €↑
2019
Annual accounts 2019-9,2 k €↓
2018
Annual accounts 20187,8 k €↑
2017
Annual accounts 2017-270,1 €↓
2016
Annual accounts 201620 k €↑
2015
Annual accounts 2015-4,4 k €↓
2014
Annual accounts 20146,4 k €↓
2013
Annual accounts 201318,1 k €↑
2012
Annual accounts 20129,6 k €↓
2011
Annual accounts 201120,8 k €↓
2010
Annual accounts 201022,9 k €↑
2009
Annual accounts 200917,6 k €↑
2008
Annual accounts 2008-4 k €↓
2007
Annual accounts 2007-3,4 k €↓
2006
Annual accounts 200610,6 k €
11/06/1993
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

HARTMANN-THIRY

Overview

What does HARTMANN-THIRY 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