ACTIVE

H.S.M.

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Financial year 2025 · Closed on 31/12/2025

Net result37,4 k €-60,1 %over 1 year

Gross margin330 k €+8,5 %over 1 year

Equity1,5 M €+2,6 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

H.S.M. is a Public limited company incorporated in 1998. Its main activity is: Retail sale in non-specialised stores. Its registered office is in Berlaar. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.903.587
Incorporation: 28/07/1998
Legal form: Public limited company
Registered office: Broekweg 14
2590 Berlaar · FlandreSee on map
Contributed capital: 150 000,00 €
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Activities (NACE)

47120Retail sale in non-specialised stores· main 47910Retail sale via mail order houses or via Internet 20420Manufacture of perfumes and toilet preparations 20420Manufacture of perfumes and toilet preparations 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery 46150Agents involved in the sale of furniture, household goods, hardware and ironmongery+12

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	330 k €	+8.5%	304,2 k €	+52.8%	199 k €	-61.7%	520,3 k €	-7.5%	562,5 k €
EBITDA	264,1 k €	+11.4%	237,1 k €	+73.6%	136,6 k €	-69.3%	444,8 k €	+10.5%	402,7 k €
Operating result	152,4 k €	+12.9%	135 k €	+214%	43 k €	-87.8%	353,1 k €	+11.2%	317,6 k €
Net result	37,4 k €	-60.1%	93,8 k €	+20.5%	77,9 k €	-46.1%	144,5 k €	+22.9%	117,6 k €
Balance sheet
Equity	1,5 M €	+2.6%	1,4 M €	+6.9%	1,4 M €	+6.1%	1,3 M €	+12.8%	1,1 M €
Total assets	4,6 M €	-2.6%	4,7 M €	-0.3%	4,8 M €	-16.6%	5,7 M €	-1.9%	5,8 M €
Cash	187 k €	+0.1%	186,7 k €	-57.2%	436,3 k €	-57.0%	1 M €	-17.3%	1,2 M €
Debts	3,1 M €	-5.9%	3,3 M €	-3.3%	3,4 M €	-21.5%	4,3 M €	-6.1%	4,6 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	-23.1%	1,3 ETP		–		1,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Astrid Hellings	Director
Heleen Hellings	Director
Hendrik Hellings	Director
LIEVE SWIJZEN	Managing directorDirector2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BART HELLINGS	Managing director2018 accounts
PETER HELLINGS	Director2018 accounts

Other companies at this address

Broekweg 14 2590 Berlaar

Company	CBE no.
M.J Beheersmaatschappij● Active	0451.644.668

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/08/2026	09/10/2025	05/10/2024	09/08/2023	31/08/2022	24/08/2021
General meeting	10/08/2026	08/10/2025	19/09/2024	10/07/2023	18/08/2022	22/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/08/2026	10/08/2026	Dutch	PDF
Abridged model	31/12/2024	08/10/2025	09/10/2025	Dutch	PDF
Abridged model	31/12/2023	19/09/2024	05/10/2024	Dutch	PDF
Abridged model	31/12/2022	10/07/2023	09/08/2023	Dutch	PDF
Abridged model	31/12/2021	18/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	22/06/2021	24/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/08/2020	21/09/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	10/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	10/07/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	23/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	04/07/2009	Dutch	PDF
Abridged model	31/12/2007	15/06/2008	09/07/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	10/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Astrid Hellings	Director
Heleen Hellings	Director
Hendrik Hellings	Director
LIEVE SWIJZEN	Managing directorDirector2018 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BART HELLINGS	Managing director2018 accounts
PETER HELLINGS	Director2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/11/2023
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other26/03/2013
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2003
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Heleen Hellings

Hendrik Hellings

Astrid Hellings

LIEVE SWIJZEN

PETER HELLINGS

BART HELLINGS

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

H.S.M.

Broekweg 14, 2590 Berlaar

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Broekweg 14, 2590 BerlaarCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00397549

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
H.S.M.Current	accounts 2021 → 2025	Accounts 2025 · 2026-00397549

Events

2025
Annual accounts 202537,4 k €↓
2024
Annual accounts 202493,8 k €↑
2023
Annual accounts 202377,9 k €↓
2022
Annual accounts 2022144,5 k €↑
2021
Annual accounts 2021117,6 k €↓
2020
Annual accounts 2020282,7 k €↑
2019
Annual accounts 2019148,1 k €↑
2018
Annual accounts 2018117,8 k €↑
2017
Annual accounts 201761 k €↑
2016
Annual accounts 201634,1 k €↑
2015
Annual accounts 2015452 €↓
2014
Annual accounts 201419,3 k €↓
2013
Annual accounts 201329 k €↓
2012
Annual accounts 201251,3 k €↑
2011
Annual accounts 2011-25,3 k €↓
2010
Annual accounts 2010-23,1 k €↓
2009
Annual accounts 2009-11,6 k €↓
2008
Annual accounts 200838 k €↑
2007
Annual accounts 200723,7 k €↑
2006
Annual accounts 2006-19,4 k €
28/07/1998
IncorporationPublic limited company

H.S.M.

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events