ACTIVE

HIDDEN HORIZONS

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Financial year 2024 · closed on 31/12/2024

Net result

54,8 k €

+109.3% YoY

Gross margin

52,6 k €

+894.4% YoY

Equity

1,1 M €

-4.9% YoY

What does HIDDEN HORIZONS do?

HIDDEN HORIZONS is a Private limited company incorporated in 1995. Its main activity is: Market research and public opinion polling. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.803.691

Incorporation

09/08/1995

Legal form

Private limited company

Registered office

Boulevard Louis Schmidt 48
1040 Etterbeek · BruxellesSee on map

Contributed capital

314 900,00 €

Latest accounts

31/12/2024

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	52,6 k €	+894%	5,3 k €	-84.6%	34,3 k €	-62.3%	90,9 k €	+0.9%	90,1 k €	-43.4%	159,3 k €	-46.1%	295,5 k €	+63.6%	180,6 k €	+24.8%	144,7 k €	-22.4%	186,6 k €	+349%	41,5 k €	-54.5%	91,4 k €	+75.1%	52,2 k €	-33.5%	78,5 k €	+69.9%	46,2 k €	-60.5%	117 k €	+8.2%	108,1 k €	+1.4%	106,6 k €		–
EBITDA	49,8 k €	+940%	4,8 k €	-85.1%	32,2 k €	-63.3%	87,7 k €	-0.7%	88,3 k €	-43.2%	155,6 k €	-46.5%	291 k €	+63.5%	177,9 k €	+25.8%	141,4 k €	-23.4%	184,6 k €	+372%	39,1 k €	-56.1%	89,1 k €	+87.9%	47,4 k €	-32.7%	70,5 k €	+58.3%	44,5 k €	-61.4%	115,2 k €	+13.1%	101,9 k €	-2.0%	104 k €		–
Operating result	49,8 k €	+940%	4,8 k €	-85.1%	32,2 k €	-56.2%	73,5 k €	-0.8%	74,1 k €	-42.0%	127,7 k €	-51.4%	263,1 k €	+60.2%	164,2 k €	+29.5%	126,8 k €	-25.4%	170 k €	+560%	25,8 k €	-66.3%	76,5 k €	+120%	34,8 k €	-50.0%	69,6 k €	+194%	23,7 k €	-74.9%	94,4 k €	+18.8%	79,5 k €	-14.5%	93 k €		–
Net result	54,8 k €	+109%	26,2 k €	+80.4%	14,5 k €	-73.0%	53,8 k €	-2.8%	55,4 k €	-27.5%	76,4 k €	-56.9%	177,5 k €	+25.1%	141,9 k €	+137%	60 k €	-38.7%	97,8 k €	+342%	22,1 k €	-58.3%	53 k €	+76.1%	30,1 k €	-44.1%	53,9 k €	+57.2%	34,3 k €	-44.3%	61,7 k €	+13.5%	54,3 k €	-15.2%	64 k €		–
Balance sheet
Equity	1,1 M €	-4.9%	1,1 M €	+2.4%	1,1 M €	+1.3%	1,1 M €	+5.1%	1 M €	+5.6%	975,8 k €	+8.5%	899,4 k €	+24.6%	721,9 k €	+24.5%	580 k €	+11.5%	520 k €	+23.2%	422,2 k €	+5.5%	400,1 k €	+4.9%	381,3 k €	+8.6%	351,2 k €	+18.1%	297,3 k €	+13.1%	262,9 k €	+30.6%	201,3 k €	+12.7%	178,7 k €	+91.9%	93,1 k €
Total assets	1,1 M €	-3.8%	1,1 M €	+2.0%	1,1 M €	+1.7%	1,1 M €	+4.8%	1,1 M €	+6.2%	988,7 k €	+5.7%	935,5 k €	+25.2%	747,3 k €	+19.5%	625,5 k €	+0.6%	621,6 k €	+19.0%	522,2 k €	-2.1%	533,7 k €	+31.9%	404,5 k €	+5.6%	383 k €	+28.8%	297,3 k €	+3.2%	288 k €	+17.2%	245,8 k €	+20.7%	203,6 k €	+76.2%	115,5 k €
Cash	752,8 k €	+143%	310,1 k €	-53.3%	664,1 k €	+5.4%	630,2 k €	+12.0%	562,7 k €	+25.4%	448,7 k €	+16.2%	386,1 k €	+46.3%	264 k €	+110%	125,8 k €	-62.6%	336,4 k €	-1.5%	341,6 k €	-7.6%	369,7 k €	+57.2%	235,1 k €	+25.3%	187,6 k €	+18.2%	158,7 k €	+29.1%	122,9 k €	+42.6%	86,2 k €	+9.2%	78,9 k €	+362%	17,1 k €
Debts	30,2 k €	+67.8%	18 k €	-18.6%	22,2 k €	+25.9%	17,6 k €	-10.4%	19,7 k €	+52.9%	12,9 k €	-64.3%	36,1 k €	+41.9%	25,4 k €	-44.1%	45,5 k €	-55.3%	101,6 k €	+6.6%	95,3 k €	-27.3%	131,2 k €	+532%	20,8 k €	-34.8%	31,8 k €		–		22,8 k €	-45.9%	42,2 k €	+86.8%	22,6 k €	+38.4%	16,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 2 ended

Active mandates

Willy Vochten

Administrator - manager

Active

Ended mandates

Willy Vochten

Manager

Ended

WILLY VOCHTEN

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
A.C.P. BD L.SCHMIDT 48 ETTERBEEK● Active	0850.044.751
Association des copropriétaires de la Résidence Tervaete à Etterbeek , Boulevard Louis Schmidt 48 et rue de Tervaete● Active	0838.127.411
Guillaume Predictive Evaluation Consulting● Active	1038.830.705
VANHERMANCE● Active	0719.337.350

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2025	31/10/2024	30/11/2023	30/08/2022	31/08/2021	31/10/2020
General meeting	31/07/2025	31/08/2024	31/07/2023	01/08/2022	30/06/2021	30/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	31/07/2025	31/08/2025	French	PDF
Micro model	31/12/2023	31/08/2024	31/10/2024	French	PDF
Micro model	31/12/2022	31/07/2023	30/11/2023	French	PDF
Micro model	31/12/2021	01/08/2022	30/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Micro model	31/12/2019	30/09/2020	31/10/2020	French	PDF
Micro model	31/12/2018	31/07/2019	29/08/2019	French	PDF
Micro model	31/12/2017	31/07/2018	31/08/2018	French	PDF
Micro model	31/12/2016	31/07/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	01/08/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	31/07/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	31/07/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	31/08/2013	French	PDF
Abridged model	31/12/2011	31/07/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	31/07/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	28/08/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	30/09/2009	31/12/2009	French	PDF
Abridged model	31/12/2007	28/08/2008	31/08/2008	French	PDF
Abridged model	31/12/2006	31/08/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 2 ended

Active mandates

Willy Vochten

Administrator - manager

Active

Ended mandates

Willy Vochten

Manager

Ended

WILLY VOCHTEN

Managing director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office20/04/2010
SIEGE SOCIAL
PDF
Mandates28/11/2007
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

2024
Annual accounts 202454,8 k €↑
2024
Name changehidden
2023
Annual accounts 202326,2 k €↑
2023
Name changeHidden Horizons
2022
Annual accounts 202214,5 k €↓
2021
Annual accounts 202153,8 k €↓
2021
Name changePeople in Progress
2020
Annual accounts 202055,4 k €↓
2019
Annual accounts 201976,4 k €↓
2018
Annual accounts 2018177,5 k €↑
2017
Annual accounts 2017141,9 k €↑
2016
Annual accounts 201660 k €↓
2015
Annual accounts 201597,8 k €↑
2014
Annual accounts 201422,1 k €↓
2013
Annual accounts 201353 k €↑
2012
Annual accounts 201230,1 k €↓
2011
Annual accounts 201153,9 k €↑
2010
Annual accounts 201034,3 k €↓
2009
Annual accounts 200961,7 k €↑
2008
Annual accounts 200854,3 k €↓
2007
Annual accounts 200764 k €
2006
Annual accounts 2006
09/08/1995
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

HIDDEN HORIZONS

Overview

What does HIDDEN HORIZONS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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