ACTIVE

H.D.S.

Financial year 2025 · closed on 31/12/2025
Net result
992 k €
+10802.3% YoY
Gross margin
1,4 M €
+16786.7% YoY
Equity
995,7 k €
+26862.1% YoY

What does H.D.S. do?

H.D.S. is a Private limited company incorporated in 1995. Its registered office is in Aubel.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0454.989.287
Incorporation
07/04/1995
Legal form
Private limited company
Registered office
Impasse Larondelle 5
4880 Aubel · WallonieSee on map
Contributed capital
6 197,33 €
Latest accounts
31/12/2025
Joint committees (1)
  • 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin1,4 M €-8,1 k €20,6 k €-562,7 €-556,6 €1,6 k €3,2 k €2,7 k €15,4 k €14,9 k €-4,2 k €7,4 k €8,3 k €11,8 k €-3,4 k €6,1 k €2,8 k €4,9 k €10,1 k €
EBITDA1,4 M €-10,2 k €20,6 k €-617,6 €-2 k €1,1 k €2,6 k €1,3 k €6,7 k €12,8 k €-8,6 k €2,2 k €2,8 k €6,8 k €-6,3 k €5 k €1,5 k €3,4 k €4,8 k €
Operating result1,4 M €-10,2 k €20,6 k €-617,6 €-2 k €1,1 k €-339,4 €-1,7 k €-103,8 €5 k €-14,9 k €-881,9 €-2,6 k €1,4 k €-12,4 k €274,2 €-3,2 k €-1 k €-585,1 €
Net result992 k €-9,3 k €19,1 k €-818,2 €-2,2 k €-632,8 €-831,1 €-3 k €-3,4 k €1,7 k €-14,9 k €-1,6 k €-3,4 k €2,3 k €-13,5 k €-346,4 €1,5 k €-1,8 k €4,5 k €
Balance sheet
Equity995,7 k €3,7 k €-15,8 k €-34,9 k €-34,1 k €-31,9 k €-31,2 k €-30,4 k €-27,4 k €-24 k €-25,7 k €-10,8 k €-9,3 k €-5,8 k €-8,1 k €-4,6 k €-4,2 k €-5,8 k €-3,9 k €
Total assets1,4 M €60,6 k €401,9 €1,8 k €3 k €5,2 k €7,9 k €13 k €37,3 k €28,9 k €40,1 k €18,7 k €28,1 k €28,2 k €19,2 k €16,8 k €21,2 k €11,9 k €26,3 k €
Cash816,6 €8 €264,3 €1,5 k €2,3 k €3,7 k €5,5 k €18,4 k €1,4 k €2,6 k €427,3 €2,8 k €397,8 €1,6 k €6,1 k €6,1 k €7,2 k €15,5 k €
Debts395 k €54,8 k €16,2 k €36,7 k €37,1 k €37,1 k €39,1 k €43,4 k €64,7 k €52,9 k €65,8 k €29,5 k €37,3 k €34 k €27,3 k €21,3 k €25,4 k €17,6 k €30,2 k €
Other
Workforce0,1 ETP0,1 ETP0,6 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Pascal NAA

Director

Active

Ended mandates

Pascal NAA

Director · since 01 juillet 2023

Ended
Akissi MIEZAN

Manager · since 08 novembre 2022

Ended
Véronique HENRI

Manager · since 18 janvier 2013

Ended
Stéphane DESMECHT

Mandate

Ended
Annual accounts

Full financial information

202520242022202120202019
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202531/12/202431/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202628/08/202525/07/202306/04/202226/07/202109/07/2020
General meeting04/05/202605/05/202530/06/202325/03/202207/06/202129/06/2020
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
Abridged model31/12/202504/05/202631/08/2026FrenchPDF
Micro model31/12/202405/05/202528/08/2025FrenchPDF
Micro model31/12/202230/06/202325/07/2023FrenchPDF
Micro model31/12/202125/03/202206/04/2022FrenchPDF
Micro model31/12/202007/06/202126/07/2021FrenchPDF
Micro model31/12/201929/06/202009/07/2020FrenchPDF
Micro model31/12/201803/06/201920/06/2019FrenchPDF
Abridged model31/12/201704/06/201819/09/2018FrenchPDF
Abridged model31/12/201625/09/201727/09/2017FrenchPDF
Abridged model31/12/201506/06/201630/08/2016FrenchPDF
Abridged model31/12/201401/06/201518/08/2015FrenchPDF
Abridged model31/12/201302/06/201431/07/2014FrenchPDF
Abridged model31/12/201203/06/201315/08/2013FrenchPDF
Abridged model31/12/201104/06/201222/08/2012FrenchPDF
Abridged model31/12/201006/06/201112/08/2011FrenchPDF
Abridged model31/12/200907/06/201012/08/2010FrenchPDF
Abridged model31/12/200801/06/200905/08/2009FrenchPDF
Abridged model31/12/200702/06/200805/08/2008FrenchPDF
Abridged model31/12/200604/06/200727/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 1 active · 6 ended

Active mandates

Pascal NAA

Director

Active

Ended mandates

Pascal NAA

Director · since 01 juillet 2023

Ended
Akissi MIEZAN

Manager · since 08 novembre 2022

Ended
Véronique HENRI

Manager · since 18 janvier 2013

Ended
Stéphane DESMECHT

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/07/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates18/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/01/2023
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    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 2025992 k €
  2. 2024
    Annual accounts 2024-9,3 k €
  3. 2024
    Name changeHDS
  4. 2022
    Annual accounts 202219,1 k €
  5. 2021
    Annual accounts 2021-818,2 €
  6. 2021
    Name changeH.D.S.
  7. 2020
    Annual accounts 2020-2,2 k €
  8. 2019
    Annual accounts 2019-632,8 €
  9. 2018
    Annual accounts 2018-831,1 €
  10. 2017
    Annual accounts 2017-3 k €
  11. 2016
    Annual accounts 2016-3,4 k €
  12. 2015
    Annual accounts 20151,7 k €
  13. 2014
    Annual accounts 2014-14,9 k €
  14. 2013
    Annual accounts 2013-1,6 k €
  15. 2012
    Annual accounts 2012-3,4 k €
  16. 2011
    Annual accounts 20112,3 k €
  17. 2010
    Annual accounts 2010-13,5 k €
  18. 2009
    Annual accounts 2009-346,4 €
  19. 2008
    Annual accounts 20081,5 k €
  20. 2007
    Annual accounts 2007-1,8 k €
  21. 2006
    Annual accounts 20064,5 k €
  22. 07/04/1995
    IncorporationPrivate limited company