ACTIVE

HSBG

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Financial year 2024 · closed on 31/12/2024

Net result

-5,7 k €

-102.8% YoY

Gross margin

125,6 k €

-75.2% YoY

Equity

705,4 k €

-72.6% YoY

Workforce

1,4 ETP

0.0% YoY

What does HSBG do?

HSBG is a Public limited company incorporated in 1995. Its main activity is: Manufacture of concrete products for construction purposes. Its registered office is in Torhout. It employs on average 1,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.298.589

Incorporation

13/10/1995

Legal form

Public limited company

Registered office

Keibergstraat 107
8820 Torhout · FlandreSee on map

Contributed capital

401 225,97 €

Latest accounts

31/12/2024

Average workforce

1,4 ETP

Activities (NACE)

23610Manufacture of concrete products for construction purposes· main 23610Manufacture of concrete products for construction purposes 26610Manufacture of irradiation, electromedical and electrotherapeutic equipment 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52461Warehousing and support activities for transportation

Joint committees (1)

10602

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	125,6 k €	-75.2%	506 k €	+20.3%	420,7 k €	-18.6%	516,6 k €	-15.6%	612,3 k €	-11.8%	694,5 k €	+6.9%	649,5 k €	+0.4%	646,9 k €	+7.9%	599,6 k €	-15.4%	708,4 k €	-8.8%	776,9 k €	+14.3%	679,5 k €	-26.9%	929,9 k €	+1.2%	918,9 k €	-3.8%	954,9 k €	+11.0%	860 k €	+8.7%	791,3 k €	-10.6%	885,4 k €
EBITDA	72 k €	-82.6%	414,6 k €	+43.7%	288,5 k €	-19.0%	356,2 k €	-11.9%	404,4 k €	-13.2%	465,8 k €	+8.0%	431,4 k €	+6.3%	405,9 k €	+16.2%	349,2 k €	-24.8%	464,5 k €	-12.4%	530,1 k €	+21.7%	435,5 k €	-37.2%	693,1 k €	+1.3%	684,1 k €	-5.8%	726,4 k €	+13.0%	642,7 k €	+11.0%	579,2 k €	-7.4%	625,4 k €
Operating result	-21,1 k €	-109%	234,4 k €	+5.3%	222,6 k €	-3.6%	230,9 k €	-11.5%	261 k €	-7.7%	282,8 k €	+71.0%	165,3 k €	+81.2%	91,2 k €	+512%	-22,1 k €	-152%	42,7 k €	-61.6%	111,2 k €	+53.9%	72,2 k €	-81.5%	390,2 k €	-5.5%	412,8 k €	-17.7%	501,6 k €	+11.2%	451,1 k €	+12.9%	399,6 k €	-12.3%	455,4 k €
Net result	-5,7 k €	-103%	205 k €	+52.6%	134,3 k €	-14.5%	157 k €	+5.0%	149,5 k €	-6.4%	159,8 k €	+84.1%	86,8 k €	+102%	43 k €	+163%	-68,8 k €	-886%	8,8 k €	-87.3%	69 k €	-21.3%	87,7 k €	-65.6%	255,2 k €	+4.9%	243,2 k €	-25.9%	328 k €	-0.3%	328,9 k €	+33.1%	247,1 k €	-7.3%	266,5 k €
Balance sheet
Equity	705,4 k €	-72.6%	2,6 M €	+8.6%	2,4 M €	+6.0%	2,2 M €	-15.1%	2,6 M €	+6.0%	2,5 M €	+6.8%	2,3 M €	+3.8%	2,2 M €	+2.0%	2,2 M €	-3.0%	2,3 M €	+0.4%	2,3 M €	-5.1%	2,4 M €	+3.8%	2,3 M €	+12.5%	2 M €	+7.6%	1,9 M €	+21.7%	1,6 M €	+6.1%	1,5 M €	+20.2%	1,2 M €
Total assets	1,8 M €	-42.0%	3,1 M €	-0.8%	3,1 M €	+3.2%	3 M €	-0.5%	3 M €	+0.3%	3 M €	-0.8%	3 M €	+1.4%	3 M €	-7.2%	3,2 M €	+2.1%	3,2 M €	+18.7%	2,7 M €	-2.3%	2,7 M €	+11.8%	2,4 M €	+7.7%	2,3 M €	+4.8%	2,2 M €	+8.2%	2 M €	+7.8%	1,8 M €	-15.3%	2,2 M €
Cash	983,2 k €	+29.5%	758,9 k €	-12.4%	866 k €	-14.1%	1 M €	+17.8%	856 k €	+8.2%	791 k €	+18.0%	670,3 k €	+42.3%	471,1 k €	+129%	205,9 k €	+60.6%	128,2 k €	+159%	49,5 k €	-80.9%	259,5 k €	-32.6%	384,9 k €	+14.2%	336,9 k €	-33.2%	504 k €	+13.9%	442,4 k €	+367%	94,7 k €	+31.3%	72,2 k €
Debts	1,1 M €	+117%	496,4 k €	-31.6%	725,4 k €	-3.4%	751 k €	+107%	362,7 k €	-27.5%	500,4 k €	-26.7%	682,8 k €	-5.8%	725 k €	-27.5%	1 M €	+15.6%	865,4 k €	+128%	379,7 k €	+14.1%	332,9 k €	+156%	129,9 k €	-36.7%	205,3 k €	-14.3%	239,5 k €	-41.0%	405,9 k €	+24.8%	325,3 k €	-64.3%	911,2 k €
Other
Workforce	1,4 ETP	0.0%	1,4 ETP	-44.0%	2,5 ETP	-26.5%	3,4 ETP	-26.1%	4,6 ETP	-2.1%	4,7 ETP	-6.0%	5,0 ETP	-10.7%	5,6 ETP	+1.8%	5,5 ETP	-1.8%	5,6 ETP	+3.7%	5,4 ETP	+1.9%	5,3 ETP	+1.9%	5,2 ETP	0.0%	5,2 ETP	+4.0%	5,0 ETP	+16.3%	4,3 ETP	-15.7%	5,1 ETP	+2.0%	5,0 ETP

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 · 3 active · 13 ended

Active mandates

Greetje Mulier

Director

Active

Hans Kerckhove

Director

Active

Stijn Kerckhove

Director

Active

Ended mandates

Greetje Mulier

Director · since 23 décembre 2021 · until 23 décembre 2027

Ended

Hans Kerckhove

Director · since 23 décembre 2021 · until 23 décembre 2027

Ended

Stijn Kerckhove

Director · since 23 décembre 2021 · until 23 décembre 2017

Ended

Greet Mulier

Director · since 04 avril 2019 · until 03 avril 2025

Ended

At this address

Other companies at this address

Company	CBE no.
BETONBEDRIJF KERCKHOVE● Active	1018.866.917
KERCKHOVE INVESTMENT AND MANAGEMENT COMPANY● Liquidation	0473.774.130

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/10/2025	30/09/2024	12/07/2023	30/09/2022	28/10/2021	19/08/2020
General meeting	09/10/2025	30/08/2024	16/06/2023	31/08/2022	30/09/2021	30/05/2020
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
Abridged model	31/12/2024	09/10/2025	30/10/2025	Dutch	PDF
Abridged model	31/12/2023	30/08/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	31/08/2022	30/09/2022	Dutch	PDF
Abridged model	31/12/2020	30/09/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	19/08/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	22/08/2018	Dutch	PDF
Abridged model	31/12/2016	25/08/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/08/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	29/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	04/04/2013	10/04/2013	Dutch	PDF
Abridged model	31/12/2011	27/09/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/09/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/09/2009	29/09/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/07/2007	27/07/2007	Dutch	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 · 3 active · 13 ended

Active mandates

Greetje Mulier

Director

Active

Hans Kerckhove

Director

Active

Stijn Kerckhove

Director

Active

Ended mandates

Greetje Mulier

Director · since 23 décembre 2021 · until 23 décembre 2027

Ended

Hans Kerckhove

Director · since 23 décembre 2021 · until 23 décembre 2027

Ended

Stijn Kerckhove

Director · since 23 décembre 2021 · until 23 décembre 2017

Ended

Greet Mulier

Director · since 04 avril 2019 · until 03 avril 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring27/01/2025
BENAMING - DOEL - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/01/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/10/2007
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

2024
Annual accounts 2024-5,7 k €↓
2024
Name changeHSBG
2023
Annual accounts 2023205 k €↑
2022
Annual accounts 2022134,3 k €↓
2021
Annual accounts 2021157 k €↑
2021
Name changeBetonbedrijf Kerckhove
2019
Annual accounts 2019149,5 k €↓
2018
Annual accounts 2018159,8 k €↑
2017
Annual accounts 201786,8 k €↑
2016
Annual accounts 201643 k €↑
2015
Annual accounts 2015-68,8 k €↓
2014
Annual accounts 20148,8 k €↓
2013
Annual accounts 201369 k €↓
2012
Annual accounts 201287,7 k €↓
2011
Annual accounts 2011255,2 k €↑
2010
Annual accounts 2010243,2 k €↓
2009
Annual accounts 2009328 k €↓
2008
Annual accounts 2008328,9 k €↑
2007
Annual accounts 2007247,1 k €↓
2006
Annual accounts 2006266,5 k €
13/10/1995
IncorporationPublic 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

HSBG

Overview

What does HSBG do?

Trend over 18 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