ACTIVE

HILLCREST

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

166,9 k €

+369.2% YoY

Gross margin

307,4 k €

+236.7% YoY

Equity

763,9 k €

+28.0% YoY

What does HILLCREST do?

HILLCREST is a Private limited company incorporated in 1995. Its main activity is: Management consultancy activities. Its registered office is in Marchin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.176.260

Incorporation

10/05/1995

Legal form

Private limited company

Registered office

Grand-Marchin 8
4570 Marchin · WallonieSee on map

Contributed capital

20 900,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	307,4 k €	+237%	91,3 k €	-30.6%	131,6 k €	+57.2%	83,7 k €	-45.5%	153,5 k €	-27.9%	213,1 k €	+56.7%	136 k €	+122%	61,1 k €	+48.6%	41,1 k €	-87.1%	319,1 k €	+4.4%	305,6 k €	+351%	67,7 k €	-61.9%	177,5 k €	+423%	33,9 k €	-54.4%	74,4 k €	-68.7%	237,5 k €	+136%	100,6 k €	+35.4%	74,3 k €	-30.2%	106,5 k €
EBITDA	305,7 k €	+262%	84,5 k €	-11.2%	95,2 k €	+17.8%	80,8 k €	-45.7%	148,8 k €	-28.9%	209,4 k €	+58.2%	132,4 k €	+141%	54,9 k €	+52.3%	36 k €	-88.6%	314,7 k €	+4.0%	302,4 k €	+371%	64,2 k €	-62.4%	170,6 k €	+471%	29,9 k €	-57.3%	70 k €	-70.0%	233 k €	+136%	98,6 k €	+39.5%	70,7 k €	-25.0%	94,2 k €
Operating result	261,3 k €	+324%	61,7 k €	+54.9%	39,8 k €	+163%	15,1 k €	-85.3%	102,6 k €	-33.8%	155 k €	+74.1%	89 k €	+510%	14,6 k €	+303%	-7,2 k €	-103%	278,9 k €	+33.8%	208,5 k €	+1299%	14,9 k €	-86.9%	113,5 k €	+866%	-14,8 k €	-161%	24,4 k €	-86.4%	179,5 k €	+339%	40,9 k €	+5066%	792 €	-97.2%	28,2 k €
Net result	166,9 k €	+369%	35,6 k €	+37.9%	25,8 k €	-35.5%	40 k €	-53.0%	85,1 k €	-77.8%	383,9 k €	+578%	56,6 k €	+281%	-31,2 k €	-149%	63,5 k €	-58.2%	152,1 k €	+31.0%	116,1 k €	+894%	11,7 k €	-80.0%	58,4 k €	+482%	-15,3 k €	-246%	10,4 k €	-90.4%	108,6 k €	+500%	18,1 k €	+187%	-20,7 k €	-175%	27,5 k €
Balance sheet
Equity	763,9 k €	+28.0%	597 k €	+6.3%	561,4 k €	-6.3%	599,1 k €	-15.8%	711,2 k €	+13.6%	626,1 k €	+74.7%	358,3 k €	+9.7%	326,7 k €	-8.7%	357,9 k €	+21.6%	294,4 k €	+107%	142,2 k €	-46.5%	266,1 k €	+0.6%	264,4 k €	-7.5%	286 k €	-5.1%	301,3 k €	-13.1%	346,9 k €	+20.3%	288,3 k €	+6.7%	270,2 k €	-7.1%	290,9 k €
Total assets	889,1 k €	+37.1%	648,4 k €	-17.4%	785 k €	+0.9%	777,8 k €	-9.1%	855,6 k €	+0.2%	853,5 k €	+27.6%	668,8 k €	+2.0%	655,5 k €	-4.1%	683,8 k €	+88.2%	363,4 k €	+17.5%	309,2 k €	-2.7%	317,9 k €	+4.6%	303,9 k €	-14.2%	354,1 k €	-9.0%	389,3 k €	-10.5%	434,9 k €	-7.2%	468,5 k €	-15.2%	552,6 k €	-13.3%	637,4 k €
Cash	25,8 k €	-94.0%	433,3 k €	+103%	213,5 k €	+189%	74 k €	+197%	24,9 k €	-95.3%	525,8 k €	+793%	58,8 k €	+81.4%	32,4 k €	+591%	4,7 k €	-96.9%	153,7 k €	+676%	19,8 k €	+53.8%	12,9 k €	-69.7%	42,5 k €	+354%	9,4 k €	+167%	3,5 k €	-77.2%	15,4 k €	+508%	2,5 k €	-46.0%	4,7 k €	+330%	1,1 k €
Debts	125,2 k €	+143%	51,5 k €	-76.1%	214,9 k €	+26.4%	169,9 k €	+23.7%	137,4 k €	-38.2%	222,2 k €	-27.6%	307 k €	-5.9%	326,3 k €	+0.6%	324,4 k €	+370%	69 k €	-58.7%	166,9 k €	+222%	51,8 k €	+31.3%	39,4 k €	-42.1%	68,1 k €	-20.1%	85,3 k €	-3.1%	88 k €	-51.2%	180,2 k €	-21.9%	230,6 k €	-20.5%	290,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Didier Vercruysse

Director · since 30 avril 1996

Active

Ended mandates

Didier VERCRUYSSE

Director

Ended

Didier VERCRUYSSE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020
Closing of the financial year	31/12/2025	31/12/2024	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Length of the financial year	12 months	6 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	23/07/2025	31/01/2025	11/02/2024	31/01/2023	28/01/2022
General meeting	29/07/2026	27/06/2025	31/12/2024	19/12/2023	22/12/2022	21/12/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/07/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	23/07/2025	Dutch	PDF
Micro model	30/06/2024	31/12/2024	31/01/2025	Dutch	PDF
Micro model	30/06/2023	19/12/2023	11/02/2024	Dutch	PDF
Micro model	30/06/2022	22/12/2022	31/01/2023	Dutch	PDF
Micro model	30/06/2021	21/12/2021	28/01/2022	Dutch	PDF
Micro model	30/06/2020	03/12/2020	30/04/2021	Dutch	PDF
Micro model	30/06/2019	17/12/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	18/12/2018	27/02/2019	Dutch	PDF
Micro model	30/06/2017	15/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	20/12/2016	31/01/2017	Dutch	PDF
Abridged model	30/09/2014	17/02/2015	29/05/2015	Dutch	PDF
Abridged model	30/09/2013	18/02/2014	28/05/2014	Dutch	PDF
Abridged model	31/12/2011	17/04/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	19/04/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	20/04/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	21/04/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	15/04/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	17/04/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 ended

Active mandates

Didier Vercruysse

Director · since 30 avril 1996

Active

Ended mandates

Didier VERCRUYSSE

Director

Ended

Didier VERCRUYSSE

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other03/12/2024
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office06/10/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/03/2017
MAATSCHAPPELIJKE ZETEL
PDF
Other10/09/2015
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other31/12/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/09/2012
MAATSCHAPPELIJKE ZETEL - 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

2025
Annual accounts 2025166,9 k €↑
2024
Annual accounts 202435,6 k €↑
2024
Annual accounts 202425,8 k €↓
2024
Name changeHILLCREST
2023
Annual accounts 202340 k €↓
2022
Annual accounts 202285,1 k €↓
2021
Annual accounts 2021383,9 k €↑
2020
Annual accounts 202056,6 k €↑
2019
Annual accounts 2019-31,2 k €↓
2018
Annual accounts 201863,5 k €↓
2017
Annual accounts 2017152,1 k €↑
2016
Annual accounts 2016116,1 k €↑
2014
Annual accounts 201411,7 k €↓
2013
Annual accounts 201358,4 k €↑
2013
Name changeHet Beluik
2011
Annual accounts 2011-15,3 k €↓
2010
Annual accounts 201010,4 k €↓
2009
Annual accounts 2009108,6 k €↑
2008
Annual accounts 200818,1 k €↑
2007
Annual accounts 2007-20,7 k €↓
2006
Annual accounts 200627,5 k €
2006
Name changeICARE - AD
10/05/1995
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

HILLCREST

Overview

What does HILLCREST do?

Trend over 19 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