ACTIVE

HASMA

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Financial year 2025 · closed on 30/09/2025

Net result

35,9 k €

-5.5% YoY

Gross margin

127,7 k €

-3.9% YoY

Equity

310 k €

-6.3% YoY

What does HASMA do?

HASMA is a Private limited company incorporated in 2000. Its main activity is: Pre-primary education. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.138.293

Incorporation

19/06/2000

Legal form

Private limited company

Registered office

Avenue Ferdauci 16
1020 Bruxelles · BruxellesSee on map

Contributed capital

18 592,01 €

Latest accounts

30/09/2025

Activities (NACE)

85120Pre-primary education· main 86220Specialist medical practice activities 86220Specialist medical practice activities

Joint committees (3)

200
30502
330

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	127,7 k €	-3.9%	132,8 k €	-14.7%	155,8 k €	-12.8%	178,7 k €	-11.4%	201,6 k €	+35.0%	149,3 k €	-6.4%	159,5 k €	+27.5%	125 k €	-5.7%	132,6 k €	-27.8%	183,6 k €	-6.3%	196,1 k €	+1.2%	193,7 k €	+4.3%	185,8 k €	-12.2%	211,6 k €	+20.5%	175,5 k €	-9.6%	194,1 k €	+17.8%	164,7 k €	+16.6%	141,2 k €	+21.9%	115,9 k €	+30.9%	88,5 k €
EBITDA	57,9 k €	-10.4%	64,6 k €	-29.3%	91,3 k €	-21.8%	116,8 k €	-18.2%	142,7 k €	+40.1%	101,8 k €	+1.7%	100,1 k €	+46.3%	68,4 k €	-9.3%	75,4 k €	-40.9%	127,6 k €	-9.4%	140,9 k €	+1.0%	139,5 k €	+6.8%	130,6 k €	-17.5%	158,3 k €	+28.5%	123,2 k €	-13.2%	141,9 k €	+29.0%	110 k €	+19.4%	92,1 k €	+61.9%	56,9 k €	+48.5%	38,3 k €
Operating result	48,5 k €	-7.7%	52,5 k €	-32.6%	77,9 k €	-25.1%	103,9 k €	-11.0%	116,7 k €	+47.6%	79,1 k €	+8.3%	73,1 k €	+75.7%	41,6 k €	-18.9%	51,3 k €	-49.4%	101,4 k €	-14.7%	118,8 k €	+2.2%	116,3 k €	+8.2%	107,4 k €	-20.5%	135,2 k €	+27.9%	105,7 k €	-9.0%	116,1 k €	+48.5%	78,2 k €	+29.1%	60,6 k €	+152%	24 k €	+76.9%	13,6 k €
Net result	35,9 k €	-5.5%	38 k €	-31.5%	55,4 k €	-24.8%	73,6 k €	-11.2%	82,9 k €	+48.8%	55,7 k €	+2.2%	54,6 k €	+107%	26,4 k €	-2.5%	27,1 k €	-59.1%	66,3 k €	-13.4%	76,5 k €	-3.1%	79 k €	+12.2%	70,4 k €	-20.7%	88,8 k €	+18.3%	75 k €	-10.8%	84,1 k €	+56.5%	53,7 k €	+32.9%	40,4 k €	+197%	13,6 k €	+1730%	743,1 €
Balance sheet
Equity	310 k €	-6.3%	330,7 k €	+3.1%	320,8 k €	+9.6%	292,6 k €	-7.1%	315 k €	+27.6%	246,8 k €	+20.0%	205,6 k €	-18.3%	251,6 k €	+11.7%	225,2 k €	+13.7%	198,1 k €	+6.1%	186,7 k €	+1.4%	184,1 k €	+426%	35 k €	-65.4%	101,2 k €	+212%	32,4 k €	-74.6%	127,4 k €	-22.0%	163,3 k €	+49.1%	109,5 k €	+58.6%	69,1 k €	+24.5%	55,5 k €
Total assets	388,8 k €	+4.9%	370,8 k €	+3.6%	357,9 k €	-11.2%	403,2 k €	+11.2%	362,5 k €	+18.4%	306,3 k €	+20.0%	255,1 k €	-6.1%	271,8 k €	-1.7%	276,5 k €	+4.4%	264,7 k €	+12.3%	235,8 k €	+7.5%	219,4 k €	-3.5%	227,4 k €	+4.7%	217,1 k €	-26.8%	296,7 k €	+4.0%	285,2 k €	+21.0%	235,7 k €	-10.6%	263,6 k €	-3.7%	273,7 k €	+8.7%	251,8 k €
Cash	14,6 k €	+249%	4,2 k €	-80.2%	21 k €	-51.9%	43,7 k €	-40.1%	73 k €	+148%	29,4 k €	+358%	6,4 k €	-35.5%	10 k €	+53.1%	6,5 k €	-14.1%	7,6 k €	-39.8%	12,6 k €	+94.4%	6,5 k €	-33.5%	9,7 k €	-4.8%	10,2 k €	-21.7%	13,1 k €	+24.5%	10,5 k €	+12.9%	9,3 k €	-29.4%	13,2 k €	+41.8%	9,3 k €	+20.3%	7,7 k €
Debts	78,8 k €	+98.0%	39,8 k €	+8.2%	36,8 k €	-66.7%	110,4 k €	+134%	47,2 k €	-20.6%	59,5 k €	+20.1%	49,5 k €	+145%	20,3 k €	-60.5%	51,3 k €	-19.1%	63,4 k €	+29.0%	49,2 k €	+39.5%	35,2 k €	-81.7%	192,4 k €	+66.0%	115,9 k €	-56.2%	264,3 k €	+67.4%	157,9 k €	+118%	72,4 k €	-53.0%	154,1 k €	-24.3%	203,4 k €	+3.6%	196,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-27.3%	1,1 ETP	+37.5%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 1 ended

Active mandates

ERIC HASAERTS

Manager · since 14 juin 2006 · until 14 juin 2049

Active

Ended mandates

ERIC HASAERTS

Manager · since 14 juin 2000 · until 14 juin 2006

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/03/2026	13/03/2025	29/04/2024	28/04/2023	24/02/2022	24/03/2021
General meeting	15/02/2026	15/02/2025	15/02/2024	15/02/2023	15/02/2022	15/02/2021
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	30/09/2025	15/02/2026	20/03/2026	French	PDF
Micro model	30/09/2024	15/02/2025	13/03/2025	French	PDF
Micro model	30/09/2023	15/02/2024	29/04/2024	French	PDF
Micro model	30/09/2022	15/02/2023	28/04/2023	French	PDF
Micro model	30/09/2021	15/02/2022	24/02/2022	French	PDF
Micro model	30/09/2020	15/02/2021	24/03/2021	French	PDF
Micro model	30/09/2019	15/02/2020	27/03/2020	French	PDF
Micro model	30/09/2018	15/02/2019	28/03/2019	French	PDF
Micro model	30/09/2017	15/02/2018	30/03/2018	French	PDF
Abridged model	30/09/2016	31/12/2016	31/01/2017	French	PDF
Abridged model	30/09/2015	31/12/2015	13/01/2016	French	PDF
Abridged model	30/09/2014	15/02/2015	25/03/2015	French	PDF
Abridged model	30/09/2013	15/02/2014	31/03/2014	French	PDF
Abridged model	30/09/2012	20/12/2012	01/02/2013	French	PDF
Abridged model	30/09/2011	15/12/2011	31/05/2012	French	PDF
Abridged model	30/09/2010	15/02/2011	31/03/2011	French	PDF
Abridged model	30/09/2009	15/02/2010	23/03/2010	French	PDF
Abridged model	30/09/2008	15/02/2009	27/03/2009	French	PDF
Abridged model	30/09/2007	15/02/2008	25/04/2008	French	PDF
Abridged model	30/09/2006	30/03/2007	27/04/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 1 ended

Active mandates

ERIC HASAERTS

Manager · since 14 juin 2006 · until 14 juin 2049

Active

Ended mandates

ERIC HASAERTS

Manager · since 14 juin 2000 · until 14 juin 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/05/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares22/07/2014
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202535,9 k €↓
2024
Annual accounts 202438 k €↓
2023
Annual accounts 202355,4 k €↓
2022
Annual accounts 202273,6 k €↓
2021
Annual accounts 202182,9 k €↑
2020
Annual accounts 202055,7 k €↑
2019
Annual accounts 201954,6 k €↑
2018
Annual accounts 201826,4 k €↓
2017
Annual accounts 201727,1 k €↓
2016
Annual accounts 201666,3 k €↓
2015
Annual accounts 201576,5 k €↓
2014
Annual accounts 201479 k €↑
2013
Annual accounts 201370,4 k €↓
2012
Annual accounts 201288,8 k €↑
2011
Annual accounts 201175 k €↓
2010
Annual accounts 201084,1 k €↑
2009
Annual accounts 200953,7 k €↑
2008
Annual accounts 200840,4 k €↑
2007
Annual accounts 200713,6 k €↑
2006
Annual accounts 2006743,1 €
19/06/2000
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

HASMA

Overview

What does HASMA do?

Trend over 20 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