ACTIVE

HAY TRADE

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Financial year 2025 · closed on 31/12/2025

Net result

4 k €

-37.6% YoY

Gross margin

10,3 k €

-18.8% YoY

Equity

-18,6 k €

+17.7% YoY

What does HAY TRADE do?

HAY TRADE is a Private limited company incorporated in 1999. Its main activity is: Wholesale of clothing and footwear. Its registered office is in Jette.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0468.942.639

Incorporation

29/12/1999

Legal form

Private limited company

Registered office

Rue Léopold I 478
1090 Jette · BruxellesSee on map

Contributed capital

18 592,00 €

Latest accounts

31/12/2025

Activities (NACE)

46425Wholesale of clothing and footwear· main 46425Wholesale of clothing and footwear 47721Retail sale of footwear and leather goods in specialised stores 47721Retail sale of footwear and leather goods in specialised stores 51422Air transport 52431Warehousing and support activities for transportation+9

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	10,3 k €	-18.8%	12,6 k €	-0.9%	12,7 k €	-8.5%	13,9 k €	-55.6%	31,4 k €	+10.9%	28,3 k €	+0.4%	28,2 k €	-20.2%	35,3 k €	+33.1%	26,5 k €	+51.8%	17,5 k €	-13.5%	20,2 k €	-51.7%	41,8 k €	+64.2%	25,5 k €	-36.6%	40,2 k €	+11.5%	36,1 k €	-0.8%	36,3 k €	+55.9%	23,3 k €	+86.3%	12,5 k €
EBITDA	9,9 k €	-7.3%	10,6 k €	+15.2%	9,2 k €	+356%	-3,6 k €	-156%	6,4 k €	+13.5%	5,7 k €	+219%	1,8 k €	-76.7%	7,6 k €	+127%	-27,9 k €	+42.2%	-48,3 k €	-80.0%	-26,8 k €	-161%	-10,3 k €	-306%	-2,5 k €	-151%	5 k €	+150%	-10 k €	-643%	1,8 k €	-85.1%	12,4 k €	+14.0%	10,8 k €
Operating result	5,9 k €	-11.7%	6,6 k €	+26.9%	5,2 k €	+245%	-3,6 k €	-264%	2,2 k €	+53.5%	1,4 k €	-19.6%	1,8 k €	-76.7%	7,6 k €	+124%	-32,3 k €	+39.3%	-53,2 k €	-67.0%	-31,9 k €	-210%	-10,3 k €	-109%	-4,9 k €	-302%	2,4 k €	+120%	-12,4 k €	-692763%	-1,8 €	-100%	10,6 k €	-0.5%	10,7 k €
Net result	4 k €	-37.6%	6,4 k €	+34.4%	4,8 k €	+212%	-4,3 k €	-7545%	57,5 €	+1816%	-3,4 €	-101%	497,9 €	-91.6%	5,9 k €	+15105%	38,8 €	+102%	-2,4 k €	-249%	1,6 k €	+169%	-2,4 k €	+57.6%	-5,6 k €	-411%	1,8 k €	+111%	-16,7 k €	-2530%	-636,4 €	-107%	9,5 k €	-7.4%	10,3 k €
Balance sheet
Equity	-18,6 k €	+17.7%	-22,6 k €	+22.1%	-29,1 k €	-539%	6,6 k €	-39.3%	10,9 k €	+0.5%	10,8 k €	-0.0%	10,8 k €	+4.8%	10,3 k €	+133%	4,4 k €	+0.9%	4,4 k €	-35.6%	6,8 k €	+31.3%	5,2 k €	-31.2%	7,6 k €	-42.4%	13,2 k €	+15.8%	11,4 k €	-59.5%	28,1 k €	-2.2%	28,7 k €	+49.7%	19,2 k €
Total assets	122,7 k €	-2.8%	126,2 k €	-4.2%	131,8 k €	-10.8%	147,6 k €	+21.0%	122 k €	+12.1%	108,9 k €	+11.1%	98 k €	+35.6%	72,2 k €	-3.0%	74,5 k €	-9.5%	82,3 k €	+6.5%	77,3 k €	-12.3%	88,2 k €	+45.6%	60,5 k €	-3.4%	62,7 k €	+8.6%	57,7 k €	-3.3%	59,7 k €	+3.3%	57,8 k €	+38.9%	41,6 k €
Cash	3,2 k €	+34.7%	2,4 k €	+46.9%	1,6 k €	+27.9%	1,3 k €		–		538,5 €	-15.2%	635,4 €	-67.2%	1,9 k €	+15.6%	1,7 k €	+247%	483,3 €	-53.0%	1 k €	-75.1%	4,1 k €	+32.8%	3,1 k €	+52.9%	2 k €	-23.6%	2,7 k €	+68.5%	1,6 k €	+178%	568,4 €	-44.2%	1 k €
Debts	141,4 k €	-5.0%	148,9 k €	-7.4%	160,8 k €	+14.1%	141 k €	+26.9%	111,1 k €	+13.4%	98 k €	+12.5%	87,1 k €	+40.8%	61,9 k €	-11.6%	70 k €	-10.1%	77,9 k €	+10.5%	70,4 k €	-15.1%	82,9 k €	+56.6%	53 k €	+7.0%	49,5 k €	+6.8%	46,3 k €	+46.8%	31,6 k €	+8.7%	29 k €	+29.7%	22,4 k €
Other
Workforce	–		–		–		–		1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	+20.0%	1,5 ETP	0.0%	1,5 ETP	-25.0%	2,0 ETP	-4.8%	2,1 ETP	+61.5%	1,3 ETP	-13.3%	1,5 ETP	-25.0%	2,0 ETP	+5.3%	1,9 ETP	+217%	0,6 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

AZNIF SARICAN

Mandate

Active

Ended mandates

AZNIF SARICAN

Manager · since 01 août 2010

Ended

ELISABETH SARICAN

Manager · since 20 décembre 1999

Ended

Aznif SARICAN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/08/2026	29/08/2025	26/08/2024	16/12/2021	26/06/2020	18/06/2019
General meeting	25/05/2026	26/05/2025	27/05/2024	24/05/2021	25/05/2020	27/05/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/05/2026	13/08/2026	French	PDF
Micro model	31/12/2024	26/05/2025	29/08/2025	French	PDF
Micro model	31/12/2023	27/05/2024	26/08/2024	French	PDF
Micro model	31/12/2020	24/05/2021	16/12/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	26/06/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	18/06/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	14/06/2018	French	PDF
Abridged model	31/12/2016	22/05/2017	09/06/2017	French	PDF
Abridged model	31/12/2015	23/05/2016	18/07/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	02/07/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	06/06/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	16/08/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	08/06/2012	French	PDF
Abridged model	31/12/2010	23/05/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	31/05/2010	French	PDF
Abridged model	31/12/2008	27/05/2009	29/05/2009	French	PDF
Abridged model	31/12/2007	26/05/2008	29/05/2008	French	PDF
Abridged model	31/12/2006	28/05/2007	13/06/2007	French	PDF

Estimate

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.

Governance

Board of directors

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

Active mandates

AZNIF SARICAN

Mandate

Active

Ended mandates

AZNIF SARICAN

Manager · since 01 août 2010

Ended

ELISABETH SARICAN

Manager · since 20 décembre 1999

Ended

Aznif SARICAN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office26/02/2014
SIEGE SOCIAL
PDF
Mandates07/09/2010
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
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 20254 k €↓
2024
Annual accounts 20246,4 k €↑
2023
Annual accounts 20234,8 k €↑
2020
Annual accounts 2020-4,3 k €↓
2019
Annual accounts 201957,5 €↑
2018
Annual accounts 2018-3,4 €↓
2017
Annual accounts 2017497,9 €↓
2016
Annual accounts 20165,9 k €↑
2015
Annual accounts 201538,8 €↑
2014
Annual accounts 2014-2,4 k €↓
2013
Annual accounts 20131,6 k €↑
2012
Annual accounts 2012-2,4 k €↑
2011
Annual accounts 2011-5,6 k €↓
2010
Annual accounts 20101,8 k €↑
2009
Annual accounts 2009-16,7 k €↓
2008
Annual accounts 2008-636,4 €↓
2007
Annual accounts 20079,5 k €↓
2006
Annual accounts 200610,3 k €
29/12/1999
IncorporationPrivate 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

HAY TRADE

Overview

What does HAY TRADE do?

Trend over 18 financial years

Indicative valuation

Board of directors

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