NORMAL SITUATION

HONESTY

Export PDF

Financial year 2022 · closed on 31/12/2022

Net result

419,5 k €

+694.0% YoY

Gross margin

2,2 M €

+110.3% YoY

Equity

1,1 M €

+110.7% YoY

Workforce

26,4 ETP

+252.0% YoY

Company — Normal situation.

What does HONESTY do?

HONESTY is a company registered in Belgium. It employs on average 26,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.208.164

Legal form

Private company with limited liability

Contributed capital

7 654,62 €

Latest accounts

31/12/2022

Average workforce

26,4 ETP

Joint committees (1)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,2 M €	+110%	1 M €	+5.6%	989,1 k €	+33.8%	739 k €	+19.7%	617,3 k €	+7.1%	576,5 k €	-7.3%	622,3 k €	+24.9%	498,2 k €	+4.7%	475,9 k €	-2.1%	486 k €	+13.9%	426,5 k €	+89.6%	224,9 k €	-35.9%	350,8 k €
EBITDA	694,8 k €	+138%	291,4 k €	+6.2%	274,5 k €	+50.5%	182,4 k €	+0.1%	182,2 k €	+10.7%	164,6 k €	-19.7%	204,8 k €	+28.5%	159,3 k €	-6.4%	170,2 k €	-20.5%	214,2 k €	+1.6%	210,9 k €	+3260%	-6,7 k €	-105%	132,3 k €
Operating result	568 k €	+413%	110,7 k €	-26.9%	151,3 k €	+136%	64 k €	-37.7%	102,9 k €	+34.2%	76,6 k €	-36.9%	121,4 k €	+56.6%	77,6 k €	-18.8%	95,5 k €	-32.0%	140,5 k €	-6.1%	149,7 k €	+300%	-74,8 k €	-218%	63,2 k €
Net result	419,5 k €	+694%	52,8 k €	-40.2%	88,3 k €	+189%	30,6 k €	+1.1%	30,2 k €	+29.9%	23,3 k €	-59.1%	56,9 k €	+90.4%	29,9 k €	-29.3%	42,3 k €	-37.9%	68,1 k €	-32.0%	100,1 k €	+201%	-99,3 k €	-508%	24,3 k €
Balance sheet
Equity	1,1 M €	+111%	516,7 k €	+10.2%	468,9 k €	+19.4%	392,6 k €	+6.7%	368 k €	+7.1%	343,8 k €	+5.3%	326,5 k €	+12.4%	290,3 k €	+5.4%	275,5 k €	+12.3%	245,2 k €	+24.4%	197,1 k €	+99.6%	98,8 k €	-50.1%	198,1 k €
Total assets	2,5 M €	+25.2%	2 M €	+15.1%	1,7 M €	+10.2%	1,6 M €	+23.6%	1,3 M €	-5.8%	1,3 M €	+23.7%	1,1 M €	+3.6%	1 M €	+10.3%	942,9 k €	-3.6%	978,3 k €	+9.2%	896,1 k €	+17.2%	764,5 k €	-10.9%	858,3 k €
Cash	1,7 M €	+166%	642,5 k €	+11.4%	576,6 k €	+58.0%	365 k €	+12.3%	325,1 k €	-21.0%	411,4 k €	+166%	154,9 k €	-16.3%	185,1 k €	-26.8%	252,7 k €	-17.6%	306,5 k €	+14.6%	267,4 k €	+91.8%	139,5 k €	+27.7%	109,2 k €
Debts	1,4 M €	-3.4%	1,4 M €	+16.7%	1,2 M €	+11.5%	1,1 M €	+28.3%	850,2 k €	-11.5%	961,1 k €	+28.0%	751 k €	+0.4%	748,2 k €	+12.1%	667,5 k €	-8.9%	733 k €	+5.0%	698 k €	+5.0%	664,7 k €	+0.7%	660,2 k €
Other
Workforce	26,4 ETP	+252%	7,5 ETP	-49.7%	14,9 ETP	+27.4%	11,7 ETP	+27.2%	9,2 ETP	-12.4%	10,5 ETP	+9.4%	9,6 ETP	+9.1%	8,8 ETP	+14.3%	7,7 ETP	+28.3%	6,0 ETP	+17.6%	5,1 ETP	-16.4%	6,1 ETP	+24.5%	4,9 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 1 active · 14 ended

Active mandates

Ludovic Guiot

Managing director · since 01 janvier 2020

Active

Ended mandates

Nicolas ARQUIN

Manager · since 09 décembre 2011 · until 01 octobre 2015

Ended

Nicolas ARQUIN

Manager · since 09 décembre 2011

Ended

Yves PIERARD

Manager · since 09 décembre 2011 · until 28 avril 2016

Ended

Yves PIERARD

Manager · since 09 décembre 2011

Ended

Annual accounts

Full financial information

	2022	2018	2017	2016	2015	2014
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014
Closing of the financial year	31/12/2022	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/09/2023	09/07/2019	30/08/2018	25/08/2017	30/08/2016	21/08/2015
General meeting	31/08/2023	27/06/2019	24/06/2018	24/06/2017	24/06/2016	24/06/2015
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	31/08/2023	15/09/2023	French	PDF
Abridged model	31/12/2018	27/06/2019	09/07/2019	French	PDF
Abridged model	31/12/2017	24/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	24/06/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	21/08/2015	French	PDF
Abridged model	31/12/2013	24/06/2014	05/08/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	26/05/2011	12/09/2011	French	PDF
Abridged model	31/12/2009	26/05/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	27/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	28/05/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	23/05/2007	29/08/2007	French	PDF
Abridged model	31/12/2005	24/05/2006	30/05/2006	French	PDF
Abridged model	31/12/2004	25/05/2005	29/07/2005	Dutch	PDF
Abridged model	31/12/2003	26/05/2004	05/07/2004	French	PDF
Abridged model	31/12/2002	28/05/2003	31/07/2003	French	PDF
Abridged model	31/12/2001	22/05/2002	16/08/2002	French	PDF

Estimate

Indicative valuation

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 31/12/2022 · 1 active · 14 ended

Active mandates

Ludovic Guiot

Managing director · since 01 janvier 2020

Active

Ended mandates

Nicolas ARQUIN

Manager · since 09 décembre 2011 · until 01 octobre 2015

Ended

Nicolas ARQUIN

Manager · since 09 décembre 2011

Ended

Yves PIERARD

Manager · since 09 décembre 2011 · until 28 avril 2016

Ended

Yves PIERARD

Manager · since 09 décembre 2011

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 2022419,5 k €↑
2018
Annual accounts 201852,8 k €↓
2017
Annual accounts 201788,3 k €↑
2016
Annual accounts 201630,6 k €↑
2015
Annual accounts 201530,2 k €↑
2014
Annual accounts 201423,3 k €↓
2013
Annual accounts 201356,9 k €↑
2012
Annual accounts 201229,9 k €↓
2011
Annual accounts 201142,3 k €↓
2010
Annual accounts 201068,1 k €↓
2009
Annual accounts 2009100,1 k €↑
2008
Annual accounts 2008-99,3 k €↓
2007
Annual accounts 200724,3 k €

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

HONESTY

Overview

What does HONESTY do?

Trend over 13 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline