ACTIVE

HVCO (SRL)

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Financial year 2025 · closed on 31/12/2025

Net result

39,6 k €

-16.0% YoY

Gross margin

642 k €

+2.7% YoY

Equity

406,4 k €

+10.8% YoY

Workforce

8,4 ETP

-4.5% YoY

What does HVCO do?

HVCO is a Private limited company incorporated in 2000. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Antwerpen. It employs on average 8,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.111.164

Incorporation

24/10/2000

Legal form

Private limited company

Registered office

Collegelaan 106
2100 Antwerpen · FlandreSee on map

Contributed capital

17 815,31 €

Latest accounts

31/12/2025

Average workforce

8,4 ETP

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities

Joint committees (3)

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	642 k €	+2.7%	625,2 k €	-5.2%	659,4 k €	+18.4%	556,9 k €	+5.0%	530,5 k €	+11.4%	476 k €	-10.7%	533,3 k €	+10.5%	482,8 k €	+7.2%	450,3 k €	-1.5%	457,4 k €	+0.7%	454,3 k €	+4.1%	436,2 k €	-2.0%	445,2 k €	+10.4%	403,1 k €	+7.7%	374,1 k €	+14.0%	328,3 k €	+9.4%	299,9 k €	+44.8%	207,2 k €	+15.1%	180 k €	+7.2%	167,9 k €
EBITDA	113 k €	+2.0%	110,7 k €	-35.5%	171,7 k €	+28.9%	133,1 k €	+10.8%	120,2 k €	+104%	59 k €	-53.0%	125,5 k €	+70.1%	73,8 k €	+30.4%	56,6 k €	-5.4%	59,8 k €	+24.2%	48,2 k €	+10.8%	43,5 k €	-42.2%	75,3 k €	+55.1%	48,6 k €	+245%	14,1 k €	-72.3%	50,9 k €	-13.0%	58,5 k €	+7.8%	54,2 k €	-11.3%	61,1 k €	-11.5%	69 k €
Operating result	61,1 k €	-25.0%	81,5 k €	-35.0%	125,4 k €	+42.0%	88,3 k €	+20.8%	73,1 k €	+148%	29,5 k €	-64.1%	82 k €	+157%	31,9 k €	+99.1%	16 k €	-4.4%	16,8 k €	-2.2%	17,2 k €	+19.5%	14,4 k €	-69.0%	46,3 k €	+146%	18,8 k €	+192%	-20,4 k €	-249%	13,7 k €	-52.1%	28,6 k €	+13.5%	25,2 k €	-31.3%	36,6 k €	-2.4%	37,5 k €
Net result	39,6 k €	-16.0%	47,2 k €	-28.0%	65,5 k €	+33.2%	49,2 k €	+56.0%	31,5 k €	+202%	10,4 k €	-72.4%	37,8 k €	+248%	10,9 k €	+1804%	570,9 €	-54.1%	1,2 k €	-57.7%	2,9 k €	+181%	-3,6 k €	-113%	28,1 k €	+3598%	759 €	+102%	-37,8 k €	-420%	-7,3 k €	-180%	9,1 k €	-12.5%	10,4 k €	-23.4%	13,6 k €	-20.3%	17 k €
Balance sheet
Equity	406,4 k €	+10.8%	366,8 k €	+14.5%	320,4 k €	+25.7%	254,9 k €	+23.9%	205,7 k €	+18.1%	174,2 k €	+5.9%	164,5 k €	+29.9%	126,7 k €	+9.4%	115,8 k €	+0.5%	115,3 k €	+1.1%	114 k €	+2.6%	111,1 k €	-3.2%	114,7 k €	+40.5%	81,7 k €	+9.9%	74,3 k €	-33.7%	112,1 k €	-6.1%	119,3 k €	+8.2%	110,3 k €	+10.4%	99,9 k €	+15.7%	86,3 k €
Total assets	784 k €	-12.5%	896 k €	+6.8%	838,6 k €	+6.1%	790,6 k €	+0.5%	786,5 k €	+1.3%	776,1 k €	+90.1%	408,3 k €	-7.3%	440,3 k €	+10.2%	399,6 k €	-5.0%	420,7 k €	-12.5%	480,6 k €	-8.9%	527,8 k €	+1.7%	519,1 k €	+5.8%	490,8 k €	-4.6%	514,7 k €	-8.8%	564,6 k €	+36.9%	412,5 k €	+11.3%	370,6 k €	-0.8%	373,5 k €	+5.8%	352,9 k €
Cash	102,1 k €	+31.7%	77,5 k €	-20.6%	97,6 k €	-22.8%	126,4 k €	-3.6%	131,1 k €	-14.0%	152,4 k €	+199%	50,9 k €	-35.6%	79,1 k €	+55.2%	51 k €	+34.5%	37,9 k €	-13.5%	43,8 k €	+16.5%	37,6 k €	-16.5%	45 k €	+22.0%	36,9 k €	+43.4%	25,7 k €	+34.4%	19,2 k €	-56.5%	44 k €	+36.7%	32,2 k €	-12.7%	36,9 k €	+47.6%	25 k €
Debts	349,4 k €	-31.3%	508,8 k €	+2.9%	494,4 k €	-5.3%	522,1 k €	-8.3%	569,2 k €	-3.1%	587,4 k €	+156%	229,2 k €	-23.3%	299,1 k €	+5.8%	282,7 k €	-4.6%	296,3 k €	-19.2%	366,6 k €	-11.5%	414,2 k €	+2.5%	404,1 k €	-1.2%	409,2 k €	-7.1%	440,4 k €	-2.7%	452,5 k €	+59.7%	283,4 k €	+8.8%	260,3 k €	-4.9%	273,6 k €	+2.6%	266,6 k €
Other
Workforce	8,4 ETP	-4.5%	8,8 ETP	+2.3%	8,6 ETP	+7.5%	8,0 ETP	+5.3%	7,6 ETP	-10.6%	8,5 ETP	+6.3%	8,0 ETP	0.0%	8,0 ETP	-4.8%	8,4 ETP	-5.6%	8,9 ETP	+4.7%	8,5 ETP	+16.4%	7,3 ETP	0.0%	7,3 ETP	+2.8%	7,1 ETP	-9.0%	7,8 ETP	+8.3%	7,2 ETP	+24.1%	5,8 ETP	+52.6%	3,8 ETP	+26.7%	3,0 ETP	+20.0%	2,5 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 31/12/2025 · 1 active · 1 ended

Active mandates

Koen Huygebaert

Director

Active

Ended mandates

Koen Huygebaert

Manager

Ended

At this address

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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	30/07/2026	25/06/2025	24/06/2024	27/07/2023	29/07/2022	28/07/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	07/06/2023	01/06/2022	02/06/2021
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	03/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	07/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	02/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	03/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	05/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	07/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	06/06/2012	31/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	11/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	13/06/2007	10/07/2007	Dutch	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 31/12/2025 · 1 active · 1 ended

Active mandates

Koen Huygebaert

Director

Active

Ended mandates

Koen Huygebaert

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/06/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates02/01/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/09/2005
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares02/01/2003
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
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 202539,6 k €↓
2024
Annual accounts 202447,2 k €↓
2023
Annual accounts 202365,5 k €↑
2022
Annual accounts 202249,2 k €↑
2021
Annual accounts 202131,5 k €↑
2020
Annual accounts 202010,4 k €↓
2019
Annual accounts 201937,8 k €↑
2018
Annual accounts 201810,9 k €↑
2017
Annual accounts 2017570,9 €↓
2016
Annual accounts 20161,2 k €↓
2015
Annual accounts 20152,9 k €↑
2014
Annual accounts 2014-3,6 k €↓
2013
Annual accounts 201328,1 k €↑
2012
Annual accounts 2012759 €↑
2011
Annual accounts 2011-37,8 k €↓
2010
Annual accounts 2010-7,3 k €↓
2009
Annual accounts 20099,1 k €↓
2008
Annual accounts 200810,4 k €↓
2007
Annual accounts 200713,6 k €↓
2006
Annual accounts 200617 k €
24/10/2000
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

HVCO (SRL)

Overview

What does HVCO 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