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IHLAS

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Financial year 2025 · closed on 31/12/2025

Net result

-495,1 €

+98.1% YoY

Gross margin

33,3 k €

+549.2% YoY

Equity

159 k €

-0.3% YoY

What does IHLAS do?

IHLAS is a Private limited company incorporated in 2000. Its main activity is: Agents involved in the sale of timber and building materials. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.716.740

Incorporation

18/04/2000

Legal form

Private limited company

Registered office

Brugsesteenweg 265c
9030 Gent · FlandreSee on map

Contributed capital

518 634,37 €

Latest accounts

31/12/2025

Activities (NACE)

46130Agents involved in the sale of timber and building materials· main 46130Agents involved in the sale of timber and building materials 51130Passenger air transport

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	33,3 k €	+549%	5,1 k €	-70.2%	17,3 k €	-44.3%	31 k €	-37.5%	49,5 k €	+31.3%	37,7 k €	+113%	-299,5 k €	-635%	56 k €	-20.8%	70,7 k €	-24.2%	93,3 k €	+77.0%	52,7 k €	-18.6%	64,8 k €	+17.8%	55 k €	+220%	17,2 k €	+301%	-8,5 k €	-2.3%	-8,3 k €	-122%	38,2 k €	+4.5%	36,6 k €	-10.0%	40,6 k €
EBITDA	11,6 k €	+183%	-13,9 k €	+2.6%	-14,3 k €	-150%	28,6 k €	-17.7%	34,7 k €	+49.1%	23,3 k €	+107%	-314,1 k €	-924%	38,1 k €	-27.4%	52,5 k €	-30.0%	75 k €	+59.5%	47 k €	-23.2%	61,2 k €	+17.8%	52 k €	+214%	16,5 k €	+208%	-15,3 k €	-49.5%	-10,2 k €	-129%	34,8 k €	-1.5%	35,3 k €	+5.8%	33,4 k €
Operating result	1,9 k €	+108%	-23,6 k €	+2.0%	-24,1 k €	-228%	18,8 k €	+18.9%	15,8 k €	+263%	4,3 k €	+101%	-337 k €	-4059%	8,5 k €	-62.0%	22,4 k €	-50.1%	44,9 k €	+445%	8,2 k €	-26.8%	11,3 k €	+29.7%	8,7 k €	+147%	-18,5 k €	+63.3%	-50,3 k €	-0.4%	-50,1 k €	-698%	-6,3 k €	-10.9%	-5,7 k €	+74.0%	-21,7 k €
Net result	-495,1 €	+98.1%	-25,8 k €	+6.2%	-27,5 k €	-271%	16,1 k €	+12.8%	14,3 k €	+314%	3,5 k €	+101%	-342,3 k €	-28821%	1,2 k €	-93.1%	17,2 k €	-55.3%	38,5 k €	+1986%	1,8 k €	-58.7%	4,5 k €	+25.2%	3,6 k €	+109%	-40 k €	-252%	26,4 k €	+150%	-53 k €	-409%	-10,4 k €	-52.3%	-6,8 k €	-108%	82,1 k €
Balance sheet
Equity	159 k €	-0.3%	159,5 k €	-13.9%	185,3 k €	-12.9%	212,8 k €	+8.2%	196,7 k €	+7.8%	182,4 k €	+1.9%	179 k €	-65.7%	521,2 k €	+0.2%	520 k €	+3.4%	502,8 k €	+8.3%	464,3 k €	+0.4%	462,5 k €	+1.0%	458 k €	+0.8%	454,4 k €	+1.4%	448,2 k €	+673%	-78,3 k €	-210%	-25,3 k €	-70.1%	-14,9 k €	-85.2%	-8 k €
Total assets	245,6 k €	-0.4%	246,5 k €	-4.6%	258,3 k €	+4.6%	246,9 k €	+2.6%	240,5 k €	+25.3%	191,9 k €	-4.8%	201,6 k €	-70.7%	688,7 k €	+0.9%	682,6 k €	-1.6%	693,7 k €	+0.4%	690,7 k €	-1.8%	703,1 k €	+1.5%	692,6 k €	+22.3%	566,4 k €	-15.6%	671,2 k €	+18.6%	566 k €	+5.9%	534,6 k €	-8.5%	584,4 k €	-12.3%	666 k €
Cash	210,2 €	-37.6%	336,9 €	+269%	91,2 €		–		–		553,3 €	-38.7%	902,2 €	+259%	251,1 €	+0.0%	251,1 €	+0.1%	251 €	-83.6%	1,5 k €	-86.2%	11 k €	+5653%	191,7 €	-26.3%	260,2 €	-95.8%	6,2 k €	+96.4%	3,2 k €	-31.9%	4,6 k €	+1.2%	4,6 k €	+28.5%	3,6 k €
Debts	86,6 k €	-0.5%	87 k €	+21.0%	71,9 k €	+113%	33,8 k €	-22.8%	43,8 k €	+361%	9,5 k €	-58.1%	22,7 k €	-86.5%	167,5 k €	+3.0%	162,6 k €	-14.9%	190,9 k €	-15.7%	226,4 k €	-5.9%	240,6 k €	+2.5%	234,6 k €	+109%	112 k €	-49.8%	223,1 k €	-65.4%	644,2 k €	+16.0%	555,5 k €	-5.3%	586,7 k €	-12.9%	674 k €

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 · 15 ended

Active mandates

Özlem Kahya

Director

Active

Ended mandates

ÖZLEM KAHYA

Manager · since 01 avril 2021

Ended

Cevdet KAHYA

Manager · since 01 juillet 2019 · until 31 mars 2021

Ended

Cevdet KAHYA

Manager · since 01 juillet 2019

Ended

MUHAMMED KAHYA

Manager · since 01 avril 2018 · until 30 juin 2019

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	31/08/2026	16/11/2025	30/06/2024	30/07/2023	29/06/2022	04/06/2021
General meeting	25/08/2026	30/06/2025	31/05/2024	30/06/2023	27/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/08/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	16/11/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	30/06/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	30/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	04/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	09/06/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	17/06/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	27/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	19/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	06/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	06/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	27/06/2012	Dutch	PDF
Abridged model	30/09/2010	28/02/2011	30/03/2011	Dutch	PDF
Abridged model	30/09/2009	28/02/2010	16/03/2010	Dutch	PDF
Abridged model	30/09/2008	28/02/2009	03/03/2009	Dutch	PDF
Abridged model	30/09/2007	28/02/2008	04/03/2008	Dutch	PDF
Abridged model	30/09/2006	28/02/2007	08/03/2007	Dutch	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 · 15 ended

Active mandates

Özlem Kahya

Director

Active

Ended mandates

ÖZLEM KAHYA

Manager · since 01 avril 2021

Ended

Cevdet KAHYA

Manager · since 01 juillet 2019 · until 31 mars 2021

Ended

Cevdet KAHYA

Manager · since 01 juillet 2019

Ended

MUHAMMED KAHYA

Manager · since 01 avril 2018 · until 30 juin 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/08/2022
KAPITAAL - AANDELEN
PDF
Mandates13/04/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2017
ONTSLAGEN - BENOEMINGEN
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 2025-495,1 €↑
2024
Annual accounts 2024-25,8 k €↑
2023
Annual accounts 2023-27,5 k €↓
2022
Annual accounts 202216,1 k €↑
2021
Annual accounts 202114,3 k €↑
2020
Annual accounts 20203,5 k €↑
2019
Annual accounts 2019-342,3 k €↓
2018
Annual accounts 20181,2 k €↓
2017
Annual accounts 201717,2 k €↓
2016
Annual accounts 201638,5 k €↑
2015
Annual accounts 20151,8 k €↓
2014
Annual accounts 20144,5 k €↑
2013
Annual accounts 20133,6 k €↑
2012
Annual accounts 2012-40 k €↓
2011
Annual accounts 201126,4 k €↑
2010
Annual accounts 2010-53 k €↓
2009
Annual accounts 2009-10,4 k €↓
2008
Annual accounts 2008-6,8 k €↓
2007
Annual accounts 200782,1 k €
18/04/2000
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

IHLAS

Overview

What does IHLAS do?

Trend over 19 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