ACTIVE

HF HOLDING

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Financial year 2025 · Closed on 31/12/2025

Net result9,7 M €+78,7 %over 1 year

Revenue6,6 M €+2,0 %over 1 year

Equity29,7 M €-7,4 %over 1 year

Workforce18,6 ETP-0,5 %over 1 year

Identity

Source · BCE/KBO

HF HOLDING is a Public limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Nivelles. It employs on average 18,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0464.928.126
Incorporation: 21/12/1998
Legal form: Public limited company
Registered office: Rue du Commerce 19
1400 Nivelles · WallonieSee on map
Contributed capital: 1 739 634,59 €
Latest accounts: 31/12/2025
Average workforce: 18,6 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65231Reinsurance

Joint committees (1)

Contacts

4 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 34 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	6,6 M €	+2.0%	6,5 M €	+2.5%	6,3 M €	+17.8%	5,4 M €	+29.7%	4,1 M €
EBITDA	2,3 M €	+45.1%	1,6 M €	-37.9%	2,5 M €	+122%	1,1 M €	-26.1%	1,6 M €
Operating result	1,6 M €	+153%	621,9 k €	-62.5%	1,7 M €	+439%	307,9 k €	-60.5%	780,2 k €
Net result	9,7 M €	+78.7%	5,4 M €	+28.6%	4,2 M €	+27.6%	3,3 M €	+222%	1 M €
Balance sheet
Equity	29,7 M €	-7.4%	32,1 M €	+21.4%	26,5 M €	+18.9%	22,2 M €	+17.4%	18,9 M €
Total assets	38,1 M €	-5.1%	40,1 M €	+4.8%	38,2 M €	+4.3%	36,7 M €	+1.2%	36,2 M €
Cash	785,7 k €	+64.1%	478,8 k €	-39.6%	792,4 k €	+40.7%	563,1 k €	-20.2%	705,9 k €
Debts	8,2 M €	+4.9%	7,8 M €	-32.7%	11,7 M €	-19.0%	14,4 M €	-14.9%	16,9 M €
Other
Workforce	18,6 ETP	-0.5%	18,7 ETP	-4.6%	19,6 ETP	-8.4%	21,4 ETP	+8.6%	19,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
9K Capital1003.236.356Represented by Maarten Impens	Managing director01/01/2024 → 31/05/2030
Carmela1003.187.460Represented by Richard Reis	Director01/01/2024 → 31/05/2030
InvesTuring0747.729.052Represented by Maarten Meijssen	Director01/01/2024 → 31/05/2030
ITERAR0788.815.480Represented by Louwagie Arne	Director01/01/2024 → 31/05/2030
XAVIER Deedene	Director13/09/2019 → 02/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ARNE LOUWAGIE	Director03/05/2022 → 2022 accounts
MAARTEN MEIJSSEN	Director31/05/2021 → 2022 accounts
MI MANAGAMENT FZERepresented by MAARTEN IMPENS	Managing director31/05/2021 → 2023 accounts

Other companies at this address

Rue du Commerce 19 1400 Nivelles

Company	CBE no.
GANTREX● Active	0817.646.553
GANTREX GROUP HOLDING● Active	1009.622.718
LOUISE RAIL MIV● Active	0639.795.667

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	02/06/2026	12/06/2025	19/06/2024	05/06/2023	28/06/2022	22/06/2021
General meeting	01/06/2026	02/06/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
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, 34 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	01/06/2026	02/06/2026	French	PDF
Full model	31/12/2024	02/06/2025	12/06/2025	French	PDF
Full model	31/12/2023	31/05/2024	19/06/2024	French	PDF
Consolidated accounts	31/12/2023	31/05/2024	25/06/2024	French	PDF
Full model	31/12/2022	31/05/2023	05/06/2023	French	PDF
Consolidated accounts	31/12/2022	31/05/2023	05/06/2023	French	PDF
Full model	31/12/2021	31/05/2022	28/06/2022	French	PDF
Consolidated accounts	31/12/2021	31/05/2022	28/06/2022	French	PDF
Full model	31/12/2020	31/05/2021	21/06/2021	French	PDF
Consolidated accounts	31/12/2020	31/05/2021	22/06/2021	French	PDF
Full model	31/12/2019	02/06/2020	06/08/2020	French	PDF
Consolidated accounts	31/12/2019	02/06/2020	06/08/2020	French	PDF
Full modelCorrection	31/12/2018	31/05/2019	07/08/2019	French	PDF
Full model	31/12/2018	31/05/2019	01/07/2019	French	PDF
Consolidated accounts	31/12/2018	31/05/2019	01/07/2019	French	PDF
Full model	31/12/2017	31/05/2018	29/06/2018	French	PDF
Consolidated accounts	31/12/2017	31/05/2018	28/06/2018	French	PDF
Full model	31/12/2016	31/05/2017	30/06/2017	French	PDF
Consolidated accounts	31/12/2016	31/05/2017	07/11/2017	French	PDF
Full model	31/12/2015	14/06/2016	04/07/2016	French	PDF
Consolidated accounts	31/12/2015	14/06/2016	21/10/2016	French	PDF
Full model	31/12/2014	01/06/2015	29/06/2015	French	PDF
Full model	31/12/2013	02/06/2014	01/08/2014	French	PDF
Full model	31/12/2012	31/05/2013	24/06/2013	French	PDF

View all 34 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
9K Capital1003.236.356Represented by Maarten Impens	Managing director01/01/2024 → 31/05/2030
Carmela1003.187.460Represented by Richard Reis	Director01/01/2024 → 31/05/2030
InvesTuring0747.729.052Represented by Maarten Meijssen	Director01/01/2024 → 31/05/2030
ITERAR0788.815.480Represented by Louwagie Arne	Director01/01/2024 → 31/05/2030
XAVIER Deedene	Director13/09/2019 → 02/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ARNE LOUWAGIE	Director03/05/2022 → 2022 accounts
MAARTEN MEIJSSEN	Director31/05/2021 → 2022 accounts
MI MANAGAMENT FZERepresented by MAARTEN IMPENS	Managing director31/05/2021 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/06/2026
DEMISSIONS, NOMINATIONS
PDF
Other09/07/2024
DIVERS
PDF
Other30/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2021
DEMISSIONS, NOMINATIONS
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

InvesTuring

ITERAR

Carmela

9K Capital

XAVIER Deedene

ARNE LOUWAGIE

MI MANAGAMENT FZE

MAARTEN MEIJSSEN

RICHARD REIS

MI Management FZE

Gilles Mougenot

KD Management

Show the 7 other mandates

199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

HF HOLDING

Rue du Commerce 19, 1400 Nivelles

Director

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue du Commerce 19, 1400 NivellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00132772

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HF HOLDINGCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00132772

Events

01/06/2026
reconductionXavier Deedene · administrateur
01/06/2026
nominationGaëtan Roy · commissaire
2025
Annual accounts 20259,7 M €↑
2024
Annual accounts 20245,4 M €↑
01/01/2024
nomination9K Capital SRL · administrateur
01/01/2024
nominationInvesTuring SRL · administrateur
01/01/2024
nominationCarmela SRL · administrateur
01/01/2024
nominationIterar SRL · administrateur
2023
Annual accounts 20234,2 M €↑
22/12/2023
nominationMaarten Impens · administrateur-délégué
31/05/2023
reconductionPwC Réviseur d'entreprise srl · Commissaire
2022
Annual accounts 20223,3 M €↑
03/05/2022
nominationArne Louwagie · administrateur
03/05/2022
nominationMaarten Meijssen · président du conseil d'administration
2021
Annual accounts 20211 M €↓
2020
Annual accounts 20202,2 M €↑
2019
Annual accounts 201999 k €↓
2018
Annual accounts 2018705,3 k €↓
2017
Annual accounts 20173,3 M €↑
2016
Annual accounts 20161,5 M €↓
2015
Annual accounts 201522,8 M €↑
2014
Annual accounts 2014-3,2 M €↓
2013
Annual accounts 20137,3 M €↑
2012
Annual accounts 20123,1 M €↓
2011
Annual accounts 20113,2 M €↑
2010
Annual accounts 2010-2,9 M €↓
2009
Annual accounts 20097,4 M €↓
2008
Annual accounts 200813,8 M €↓
2007
Annual accounts 200724,2 M €↑
2006
Annual accounts 2006-6,7 M €
21/12/1998
IncorporationPublic limited company

HF HOLDING

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