ACTIVE

HUMAN CAPITAL INVESTMENTS

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Financial year 2025 · closed on 31/12/2025

Net result

-159,5 k €

+4.4% YoY

Gross margin

62,8 k €

+18.0% YoY

Equity

3,3 M €

-4.6% YoY

Workforce

1,0 ETP

0.0% YoY

What does HUMAN CAPITAL INVESTMENTS do?

HUMAN CAPITAL INVESTMENTS is a Public limited company incorporated in 1999. Its registered office is in Antwerpen. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.975.735

Incorporation

19/01/1999

Legal form

Public limited company

Registered office

Sint-Pietersvliet 3
2000 Antwerpen · FlandreSee on map

Contributed capital

5 156 817,38 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	62,8 k €	+18.0%	53,2 k €	+241%	-37,7 k €	-106%	600 k €	+807%	66,1 k €	+193%	-71,4 k €	-2145%	-3,2 k €	-101%	438,5 k €	+122%	197,8 k €	+32.0%	149,8 k €		–		–		–		–		–		488,8 k €	+2.3%	477,8 k €	+71.2%	279,1 k €	+65.4%	168,8 k €	-40.1%	281,9 k €
EBITDA	-104,5 k €	+2.8%	-107,5 k €	+44.5%	-193,6 k €	-143%	450,9 k €	+675%	-78,4 k €	+63.3%	-213,5 k €	-89.0%	-112,9 k €	-129%	385,4 k €	+583%	56,5 k €	+137%	-151,2 k €	-169%	217,6 k €	-15.1%	256,4 k €	+26.0%	203,4 k €	-8.9%	223,3 k €	+3.8%	215,2 k €	+84.3%	116,8 k €	-51.3%	239,8 k €	+397%	48,3 k €	+11.4%	43,3 k €	-70.9%	149 k €
Operating result	-206,5 k €	+1.6%	-210 k €	+29.0%	-295,9 k €	-373%	108,4 k €	+125%	-429,8 k €	+22.4%	-553,5 k €	-25.5%	-441,1 k €	-955%	51,6 k €	+316%	-23,9 k €	+89.6%	-230,7 k €	-274%	132,5 k €	-24.2%	174,8 k €	+64.8%	106,1 k €	-22.4%	136,7 k €	+7.1%	127,6 k €	+371%	27,1 k €	-74.3%	105,3 k €	+195%	35,7 k €	+7.7%	33,2 k €	-74.3%	129,2 k €
Net result	-159,5 k €	+4.4%	-166,8 k €	+38.7%	-272,1 k €	-256%	174 k €	+138%	-455,5 k €	+14.6%	-533,6 k €	-44.5%	-369,2 k €	-3823%	9,9 k €	+123%	-42,2 k €	+81.7%	-230,7 k €	-419%	72,3 k €	-19.6%	89,9 k €	+88.1%	47,8 k €	-17.4%	57,9 k €	+83.9%	31,5 k €	+189%	-35,4 k €	-256%	22,7 k €	+336%	5,2 k €	-57.3%	12,2 k €	-78.4%	56,3 k €
Balance sheet
Equity	3,3 M €	-4.6%	3,4 M €	-4.6%	3,6 M €	-7.0%	3,9 M €	+4.7%	3,7 M €	-11.0%	4,2 M €	-11.4%	4,7 M €	-7.3%	5,1 M €	+357%	1,1 M €	+47.8%	748,6 k €	-23.6%	979,3 k €	+93.2%	506,9 k €	+21.6%	417 k €	+5.5%	395,2 k €	+17.2%	337,3 k €	+10.3%	305,9 k €	+235%	91,2 k €	-15.2%	107,5 k €	+5.1%	102,3 k €	+13.5%	90,2 k €
Total assets	3,4 M €	-5.0%	3,6 M €	-4.3%	3,7 M €	-21.9%	4,8 M €	+5.8%	4,5 M €	+1.4%	4,5 M €	-11.2%	5 M €	-9.6%	5,6 M €	+8.6%	5,1 M €	+336%	1,2 M €	-15.6%	1,4 M €	+6.8%	1,3 M €	-16.8%	1,6 M €	+11.9%	1,4 M €	+5.8%	1,3 M €	+8.4%	1,2 M €	+11.1%	1,1 M €	+262%	302,7 k €	-31.7%	443,3 k €	-33.9%	670,3 k €
Cash	176,2 k €	-60.7%	448,3 k €	+62.8%	275,3 k €	-89.9%	2,7 M €	+2199%	118,1 k €	-54.8%	261,5 k €	-80.4%	1,3 M €	-27.2%	1,8 M €	+429%	346,8 k €	-18.2%	423,8 k €	+6622%	6,3 k €	-95.1%	129 k €	+1537%	7,9 k €	-98.1%	409,3 k €	+21.8%	336,1 k €	+100%	168 k €	+14.1%	147,3 k €	+963%	13,9 k €	-73.6%	52,4 k €	+197%	17,7 k €
Debts	67,3 k €	-4.8%	70,7 k €	+49.2%	47,4 k €	-94.1%	801,8 k €	+34.1%	598 k €	+897%	60 k €	-12.9%	68,8 k €	-68.1%	216 k €	-94.6%	4 M €	+845%	423,7 k €	+5.1%	403,1 k €	-49.2%	793 k €	-30.8%	1,1 M €	+14.4%	1 M €	+1.9%	983,2 k €	+7.7%	912,9 k €	-6.7%	977,9 k €	+407%	192,8 k €	-43.3%	340 k €	-41.3%	578,8 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	+20.0%	1,0 ETP	+233%	0,3 ETP		–		2,3 ETP	-47.7%	4,4 ETP	-2.2%	4,5 ETP	-15.1%	5,3 ETP	+3.9%	5,1 ETP	+6.2%	4,8 ETP	+6.7%	4,5 ETP	+28.6%	3,5 ETP	-20.5%	4,4 ETP	+51.7%	2,9 ETP	-3.3%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 20 ended

Active mandates

Marc Rummens

Bestuurder · since 10 octobre 2020 · until 30 juin 2026

Active

Ended mandates

Marc Rummens

Managing director · since 20 octobre 2020 · until 30 juin 2026

Ended

NEMO NETWORK MODELLING

Director · since 30 octobre 2017 · 0473.251.815

Represented by Jan Rummens

Ended

Marc Rummens

Managing director · since 30 août 2016

Ended

Anita Maes

Director · since 16 août 2016 · until 16 août 2022

Ended

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Annual accounts

Full financial information

	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	16/06/2026	04/07/2025	08/07/2024	26/07/2023	05/08/2022	02/08/2021
General meeting	02/06/2026	19/06/2025	20/06/2024	20/06/2023	22/06/2022	17/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	16/06/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	22/06/2022	05/08/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	02/08/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	22/07/2020	Dutch	PDF
Abridged model	31/12/2018	17/06/2019	18/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	30/08/2017	Dutch	PDF
Full model	31/12/2015	12/06/2016	26/07/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	31/07/2015	Dutch	PDF
Full model	31/12/2013	23/06/2014	25/07/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	22/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/04/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	28/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 1 active · 20 ended

Active mandates

Marc Rummens

Bestuurder · since 10 octobre 2020 · until 30 juin 2026

Active

Ended mandates

Marc Rummens

Managing director · since 20 octobre 2020 · until 30 juin 2026

Ended

NEMO NETWORK MODELLING

Director · since 30 octobre 2017 · 0473.251.815

Represented by Jan Rummens

Ended

Marc Rummens

Managing director · since 30 août 2016

Ended

Anita Maes

Director · since 16 août 2016 · until 16 août 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/04/2019
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares29/11/2018
BENAMING - KAPITAAL - AANDELEN
PDF
Restructuring25/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/04/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/02/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/12/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2025
Annual accounts 2025-159,5 k €↑
2024
Annual accounts 2024-166,8 k €↑
2023
Annual accounts 2023-272,1 k €↓
2022
Annual accounts 2022174 k €↑
2021
Annual accounts 2021-455,5 k €↑
2020
Annual accounts 2020-533,6 k €↓
2019
Annual accounts 2019-369,2 k €↓
2018
Annual accounts 20189,9 k €↑
2018
Name changeHuman Capital Investments
2017
Annual accounts 2017-42,2 k €↑
2016
Annual accounts 2016-230,7 k €↓
2015
Annual accounts 201572,3 k €↓
2014
Annual accounts 201489,9 k €↑
2013
Annual accounts 201347,8 k €↓
2012
Annual accounts 201257,9 k €↑
2011
Annual accounts 201131,5 k €↑
2010
Annual accounts 2010-35,4 k €↓
2009
Annual accounts 200922,7 k €↑
2008
Annual accounts 20085,2 k €↓
2007
Annual accounts 200712,2 k €↓
2006
Annual accounts 200656,3 k €
2006
Name changeHUMAN CAPITAL MANAGEMENT
19/01/1999
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

HUMAN CAPITAL INVESTMENTS

Overview

What does HUMAN CAPITAL INVESTMENTS do?

Trend over 20 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