ACTIVE

HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE

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Financial year 2025 · Closed on 31/12/2025

Net result5,2 M €+118,8 %over 1 year

Revenue285,5 M €+8,2 %over 1 year

Equity84,3 M €+6,6 %over 1 year

Workforce78,3 ETP-6,5 %over 1 year

Identity

Source · BCE/KBO

HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE is a Public limited company incorporated in 1995. Its main activity is: Wholesale of mining, construction and civil engineering machinery. Its registered office is in Tessenderlo-Ham. It employs on average 78,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0454.495.082
Incorporation: 07/02/1995
Legal form: Public limited company
Registered office: Hyundailaan 4
3980 Tessenderlo-Ham · FlandreSee on map
Contributed capital: 3 600 000,00 €
Latest accounts: 31/12/2025
Average workforce: 78,3 ETP

Activities (NACE)

46630Wholesale of mining, construction and civil engineering machinery· main 46630Wholesale of mining, construction and civil engineering machinery 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51820Air transport 51872Air transport

Joint committees (3)

14904
200
218

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	285,5 M €	+8.2%	263,8 M €	-19.9%	329,2 M €	+0.9%	326,3 M €	+10.7%	294,6 M €
EBITDA	11,9 M €	+31.7%	9 M €	-27.4%	12,4 M €	-9.1%	13,7 M €	+22.3%	11,2 M €
Operating result	9,5 M €	+26.5%	7,5 M €	-30.7%	10,8 M €	-9.3%	11,9 M €	+38.6%	8,6 M €
Net result	5,2 M €	+119%	2,4 M €	-54.9%	5,3 M €	-26.3%	7,1 M €	+16.2%	6,1 M €
Balance sheet
Equity	84,3 M €	+6.6%	79,1 M €	+3.1%	76,7 M €	+7.4%	71,5 M €	+11.1%	64,3 M €
Total assets	197,2 M €	+21.0%	162,9 M €	-19.0%	201,3 M €	+18.9%	169,3 M €	+36.3%	124,2 M €
Cash	5,8 M €	+209%	1,9 M €	+34.4%	1,4 M €	-67.5%	4,3 M €	-83.1%	25,6 M €
Debts	104,3 M €	+37.8%	75,6 M €	-34.6%	115,7 M €	+29.9%	89,1 M €	+73.4%	51,4 M €
Other
Workforce	78,3 ETP	-6.5%	83,7 ETP	+2.3%	81,8 ETP	-6.6%	87,6 ETP	+5.3%	83,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 55 ended

Active mandates

Johan Thiels

Director · since 01 décembre 2025 · until 28 février 2029

Active

Sanho Shin

Director · since 01 décembre 2025 · until 28 février 2029

Active

Chang Young Shim

Managing director · since 01 décembre 2023 · until 30 novembre 2025

Active

Hee Joon Song

Director · since 01 décembre 2023 · until 30 novembre 2025

Active

Seok Kyu Lee

Director · since 01 mars 2023 · until 31 mars 2026

Active

Ended mandates

Chang Young Shim

Managing director · since 01 décembre 2023 · until 28 février 2026

Ended

Chang Young Shim

Managing director · since 01 décembre 2023 · until 01 décembre 2026

Ended

Hee Joon Song

Director · since 01 décembre 2023 · until 28 février 2026

Ended

Hee Joon Song

Director · since 01 décembre 2023 · until 01 décembre 2026

Ended

Full financial information

Source · NBB

	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	27/05/2026	03/06/2025	25/06/2024	06/07/2023	25/10/2022	29/06/2021
General meeting	19/05/2026	02/06/2025	14/06/2024	23/06/2023	23/06/2022	25/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	27/05/2026	Dutch	PDF
Full model	31/12/2024	02/06/2025	03/06/2025	Dutch	PDF
Full model	31/12/2023	14/06/2024	25/06/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	06/07/2023	Dutch	PDF
Full modelCorrection	31/12/2021	23/06/2022	25/10/2022	Dutch	PDF
Full model	31/12/2021	23/06/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	01/07/2020	Dutch	PDF
Full modelCorrection	31/12/2018	21/06/2019	23/12/2019	Dutch	PDF
Full model	31/12/2018	21/06/2019	01/08/2019	Dutch	PDF
Full model	31/12/2017	20/06/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	15/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	22/06/2016	Dutch	PDF
Full model	31/12/2014	29/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	23/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	28/06/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	03/07/2012	Dutch	PDF
Full model	31/12/2010	20/06/2011	29/06/2011	Dutch	PDF
Full modelCorrection	31/12/2009	15/06/2010	29/04/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	22/06/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	22/06/2009	Dutch	PDF
Full model	31/12/2007	27/06/2008	23/10/2008	Dutch	PDF
Full model	31/12/2006	22/06/2007	27/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 55 ended

Active mandates

Johan Thiels

Director · since 01 décembre 2025 · until 28 février 2029

Active

Sanho Shin

Director · since 01 décembre 2025 · until 28 février 2029

Active

Chang Young Shim

Managing director · since 01 décembre 2023 · until 30 novembre 2025

Active

Hee Joon Song

Director · since 01 décembre 2023 · until 30 novembre 2025

Active

Seok Kyu Lee

Director · since 01 mars 2023 · until 31 mars 2026

Active

Ended mandates

Chang Young Shim

Managing director · since 01 décembre 2023 · until 28 février 2026

Ended

Chang Young Shim

Managing director · since 01 décembre 2023 · until 01 décembre 2026

Ended

Hee Joon Song

Director · since 01 décembre 2023 · until 28 février 2026

Ended

Hee Joon Song

Director · since 01 décembre 2023 · until 01 décembre 2026

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other17/03/2026
BENAMING
PDF
Mandates06/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other28/06/2023
BENAMING
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20255,2 M €↑
01/12/2025
nominationSanho SHIN — bestuurder
01/12/2025
nominationJohan THIELS — bestuurder
02/06/2025
nominationEY Bedrijfsrevisoren BV — commissaris
2025
Name changeHD Construction Equipment Hyundai Europe
2024
Annual accounts 20242,4 M €↓
2023
Annual accounts 20235,3 M €↓
01/12/2023
nominationHee Joon SONG — bestuurder
01/12/2023
nominationChang Young SHIM — bestuurder
23/06/2023
reconductionJae Young Moon — bestuurder
23/05/2023
reconductionSungwoo Lee — (gedelegeerd) bestuurder
01/03/2023
nominationSeok Kyu Lee — bestuurder
2023
Name changeHD Hyundai Construction Equipment Europe
2022
Annual accounts 20227,1 M €↑
23/06/2022
reconductionPeter Van der Eynde — commissaris
2021
Annual accounts 20216,1 M €↑
2021
Name changeHyundai Construction Equipment Europe
2020
Annual accounts 2020870,1 k €↑
2019
Annual accounts 2019-261,8 k €↓
2018
Annual accounts 20182,1 M €↓
2017
Annual accounts 20173 M €↓
2016
Annual accounts 20164,1 M €↑
2015
Annual accounts 20154 M €↓
2014
Annual accounts 20144,6 M €↑
2013
Annual accounts 20133,1 M €↓
2012
Annual accounts 20126 M €↓
2011
Annual accounts 201112 M €↑
2010
Annual accounts 20101,2 M €↑
2009
Annual accounts 2009-6,4 M €↓
2008
Annual accounts 2008-3,3 M €↓
2007
Annual accounts 20074,7 M €↑
2006
Annual accounts 20064,2 M €
07/02/1995
IncorporationPublic limited company

HD CONSTRUCTION EQUIPMENT HYUNDAI EUROPE

Overview

Identity

Financials

Valuation

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

Timeline