NORMAL SITUATION

HEBUSA

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Financial year 2025 · closed on 31/12/2025

Net result

2,3 k €

-74.9% YoY

Gross margin

20,4 k €

-11.9% YoY

Equity

84,7 k €

+2.8% YoY

Company — Normal situation.

What does HEBUSA do?

HEBUSA is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.007.337

Legal form

Private limited company

Contributed capital

69 410,19 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	20,4 k €	-11.9%	23,1 k €	-23.0%	30 k €	+22.4%	24,5 k €	-3.1%	25,3 k €	-7.7%	27,4 k €	-13.1%	31,6 k €	+18.8%	26,6 k €	+1.1%	26,3 k €	+39.4%	18,9 k €	+9.6%	17,2 k €	-2.6%	17,7 k €	-3.1%	18,2 k €	+19.0%	15,3 k €	+121%	6,9 k €	-5.2%	7,3 k €	-29.7%	10,4 k €	-31.0%	15,1 k €	+68.9%	8,9 k €
EBITDA	18,8 k €	-14.6%	22,1 k €	-22.7%	28,5 k €	+21.1%	23,6 k €	-2.7%	24,2 k €	-8.3%	26,4 k €	-13.5%	30,5 k €	+20.1%	25,4 k €	+1.3%	25,1 k €	+41.4%	17,8 k €	+10.3%	16,1 k €	-2.9%	16,6 k €	-3.6%	17,2 k €	+34.1%	12,8 k €	+99.5%	6,4 k €	-5.6%	6,8 k €	-31.3%	9,9 k €	-32.2%	14,6 k €	+73.6%	8,4 k €
Operating result	5 k €	-64.9%	14,2 k €	-49.8%	28,3 k €	+20.2%	23,6 k €	-2.7%	24,2 k €	-8.3%	26,4 k €	+3.7%	25,5 k €	+25.1%	20,4 k €	+1.6%	20 k €	+59.7%	12,5 k €	+17.7%	10,7 k €	-2.7%	10,9 k €	-5.3%	11,6 k €	+61.5%	7,2 k €	+22.5%	5,8 k €	+5.4%	5,5 k €	-39.2%	9,1 k €	-29.3%	12,9 k €	+59.1%	8,1 k €
Net result	2,3 k €	-74.9%	9,2 k €	-54.4%	20,2 k €	+11.7%	18 k €	+3.9%	17,4 k €	+4.2%	16,7 k €	+6.0%	15,7 k €	+47.0%	10,7 k €	-0.2%	10,7 k €	+125%	4,8 k €	+848%	-636,8 €	-121%	3 k €	-6.8%	3,2 k €	+661%	426,6 €	-13.3%	492 €	+35.8%	362,3 €	-88.2%	3,1 k €	-48.8%	6 k €	+122%	2,7 k €
Balance sheet
Equity	84,7 k €	+2.8%	82,4 k €	+12.6%	73,2 k €	+38.0%	53,1 k €	+51.5%	35 k €	+1914%	-1,9 k €	+89.6%	-18,6 k €	+45.8%	-34,3 k €	+23.8%	-45 k €	+19.2%	-55,7 k €	+7.9%	-60,5 k €	-1.1%	-59,9 k €	+4.8%	-62,9 k €	+4.9%	-66,1 k €	+0.6%	-66,6 k €	+0.7%	-67,1 k €	+0.5%	-67,4 k €	+4.4%	-70,5 k €	+7.8%	-76,5 k €
Total assets	92,9 k €	+10.1%	84,4 k €	+11.6%	75,6 k €	+27.3%	59,4 k €	+47.4%	40,3 k €	-44.4%	72,6 k €	+28.8%	56,3 k €	+42.5%	39,5 k €	+38.4%	28,6 k €	+15.5%	24,7 k €	-17.5%	30 k €	-23.3%	39,1 k €	-6.7%	41,9 k €	-13.7%	48,6 k €	+259%	13,5 k €	-15.1%	15,9 k €	+6.3%	15 k €	+8.9%	13,8 k €	-2.2%	14,1 k €
Cash	35,5 k €	+146%	14,4 k €	-73.6%	54,5 k €	+30.1%	41,9 k €	+38.3%	30,3 k €	-52.3%	63,5 k €	+34.2%	47,3 k €	+73.9%	27,2 k €	+189%	9,4 k €	+976%	875,8 €	-42.3%	1,5 k €	-66.0%	4,5 k €	+287%	1,2 k €	-29.1%	1,6 k €	+1.8%	1,6 k €	-50.2%	3,2 k €	-16.6%	3,8 k €	+37.3%	2,8 k €	-45.3%	5,1 k €
Debts	8,2 k €	+309%	2 k €	-16.8%	2,4 k €	-62.1%	6,3 k €	+19.9%	5,3 k €	-92.4%	70 k €	-0.6%	70,4 k €	+1.6%	69,3 k €	-5.8%	73,6 k €	-3.1%	76 k €	-11.6%	86 k €	-9.0%	94,5 k €	-9.9%	104,8 k €	-8.7%	114,8 k €	+56.3%	73,4 k €	-4.0%	76,5 k €	-5.8%	81,2 k €	+1.1%	80,4 k €	-9.4%	88,7 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Herman Smet

Director · since 18 décembre 2023

Active

Ended mandates

Herman Smet

Director · since 01 janvier 2000

Ended

HERMAN SMET

Manager · since 01 janvier 2000

Ended

Herman Smet

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	24/03/2026	10/06/2025	28/06/2024	23/06/2023	28/07/2022	21/06/2021
General meeting	28/02/2026	04/06/2025	05/06/2024	07/06/2023	29/06/2022	02/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/02/2026	24/03/2026	Dutch	PDF
Micro model	31/12/2024	04/06/2025	10/06/2025	Dutch	PDF
Micro model	31/12/2023	05/06/2024	28/06/2024	Dutch	PDF
Micro model	31/12/2022	07/06/2023	23/06/2023	Dutch	PDF
Micro model	31/12/2021	29/06/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	02/06/2021	21/06/2021	Dutch	PDF
Micro model	31/12/2019	03/06/2020	03/07/2020	Dutch	PDF
Micro model	31/12/2018	05/06/2019	06/06/2019	Dutch	PDF
Micro model	31/12/2017	06/06/2018	06/07/2018	Dutch	PDF
Micro model	31/12/2016	07/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	09/06/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	17/06/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	03/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	07/07/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	18/07/2007	Dutch	PDF
Abridged model	31/12/2005	28/06/2006	07/08/2006	Dutch	PDF
Abridged model	31/12/2004	22/06/2005	15/07/2005	Dutch	PDF
Abridged model	31/12/2003	30/06/2004	30/09/2004	Dutch	PDF
Abridged modelCorrection	31/12/2002	04/06/2003	09/06/2004	Dutch	PDF

View all 29 filings

Estimate

Indicative valuation

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 · 3 ended

Active mandates

Herman Smet

Director · since 18 décembre 2023

Active

Ended mandates

Herman Smet

Director · since 01 janvier 2000

Ended

HERMAN SMET

Manager · since 01 janvier 2000

Ended

Herman Smet

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20252,3 k €↓
2024
Annual accounts 20249,2 k €↓
2023
Annual accounts 202320,2 k €↑
2022
Annual accounts 202218 k €↑
2021
Annual accounts 202117,4 k €↑
2019
Annual accounts 201916,7 k €↑
2018
Annual accounts 201815,7 k €↑
2017
Annual accounts 201710,7 k €↓
2016
Annual accounts 201610,7 k €↑
2015
Annual accounts 20154,8 k €↑
2014
Annual accounts 2014-636,8 €↓
2013
Annual accounts 20133 k €↓
2012
Annual accounts 20123,2 k €↑
2011
Annual accounts 2011426,6 €↓
2010
Annual accounts 2010492 €↑
2009
Annual accounts 2009362,3 €↓
2008
Annual accounts 20083,1 k €↓
2007
Annual accounts 20076 k €↑
2006
Annual accounts 20062,7 k €

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

HEBUSA

Overview

What does HEBUSA do?

Trend over 19 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline