ACTIVE

HULCHI BELLUNI

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Financial year 2025 · Closed on 31/12/2025

Net result488,6 k €+1 972,5 %over 1 year
Gross margin569,5 k €+2 348,7 %over 1 year
Equity152,3 k €+145,3 %over 1 year

Identity

Source · BCE/KBO

HULCHI BELLUNI is a Public limited company incorporated in 2001. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0475.969.595
Incorporation
30/10/2001
Legal form
Public limited company
Registered office
Esplanade Oscar Van de Voorde 1 box 28
9000 Gent · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin569,5 k €-25,3 k €-23,3 k €-49,1 k €-29,2 k €
EBITDA568,3 k €-26 k €-28 k €-55,6 k €-47,5 k €
Operating result564,3 k €-26 k €-28 k €-55,6 k €-47,5 k €
Net result488,6 k €-26,1 k €-28,4 k €-53,7 k €-241,5 k €
Balance sheet
Equity152,3 k €-336,3 k €-310,2 k €-281,7 k €312 k €
Total assets163,2 k €737,7 k €751,3 k €802,1 k €1,5 M €
Cash2,5 k €833,6 €3,8 k €31,9 k €330,5 k €
Debts10,8 k €1,1 M €1,1 M €1,1 M €1,1 M €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 13 ended

Active mandates

HUL MANAGEMENT

Director · since 19 mai 2022 · until 19 mai 2028 · 0669.722.147

Active

Ended mandates

HUL MANAGEMENT

Director · since 19 mai 2022 · until 19 mai 2028 · 0669.722.147

Ended
HUL MANAGEMENT

Director · since 19 mai 2022 · until 02 juin 2028 · 0669.722.147

Represented by Martine HUL

Ended
HUL MANAGEMENT

Director · since 02 juin 2017 · until 02 juin 2023 · 0669.722.147

Represented by Martine Hul

Ended
HUL MANAGEMENT

Managing director · since 02 juin 2017 · until 02 juin 2023 · 0669.722.147

Represented by Martine Hul

Ended

Other companies at this address

Esplanade Oscar Van de Voorde 1 9000 Gent
CompanyCBE no.
6 AM● Active
0790.474.972
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ABIES ONE● Active
0556.733.181
Acer Campestre● Active
1016.138.544
Acer Opalus● Active
0837.759.997
AUCUBA● Active
0533.955.702
Autumn Flame● Active
1028.968.179
BELLUCCI● Active
0695.456.445
Beton Brut● Active
0664.603.814
Betula Pendula● Active
1011.167.392
Brilliantissimum● Active
1028.999.259
CAPTIC● Active
0870.696.744
CEDRUS● Active
0556.734.567
Celtis Julianae● Active
0473.652.384
Columnare● Active
1028.969.268
CRYOSTORAGE● Active
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Datacenter Zaventem● Active
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Drummondii● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/06/202616/07/202525/07/202419/07/202322/12/202223/08/2021
General meeting05/06/202627/06/202527/06/202430/06/202330/09/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202624/06/2026DutchPDF
Micro model31/12/202427/06/202516/07/2025DutchPDF
Micro model31/12/202327/06/202425/07/2024DutchPDF
Micro model31/12/202230/06/202319/07/2023DutchPDF
Micro model31/12/202130/09/202222/12/2022DutchPDF
Abridged model31/12/202004/06/202123/08/2021DutchPDF
Abridged model31/12/201905/06/202011/06/2020DutchPDF
Abridged model31/12/201807/06/201930/08/2019DutchPDF
Abridged model31/12/201701/06/201830/08/2018DutchPDF
Full model31/12/201602/06/201730/08/2017DutchPDF
Full model30/06/201524/09/201523/11/2015DutchPDF
Abridged model30/06/201425/09/201431/10/2014DutchPDF
Abridged model30/06/201326/09/201329/11/2013DutchPDF
Abridged model30/06/201227/09/201220/12/2012DutchPDF
Abridged model30/06/201129/09/201101/12/2011DutchPDF
Abridged model30/06/201030/09/201025/11/2010DutchPDF
Abridged model30/06/200926/09/200921/12/2009DutchPDF
Abridged model30/06/200827/09/200828/10/2008DutchPDF
Abridged model30/06/200729/09/200730/11/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 13 ended

Active mandates

HUL MANAGEMENT

Director · since 19 mai 2022 · until 19 mai 2028 · 0669.722.147

Active

Ended mandates

HUL MANAGEMENT

Director · since 19 mai 2022 · until 19 mai 2028 · 0669.722.147

Ended
HUL MANAGEMENT

Director · since 19 mai 2022 · until 02 juin 2028 · 0669.722.147

Represented by Martine HUL

Ended
HUL MANAGEMENT

Director · since 02 juin 2017 · until 02 juin 2023 · 0669.722.147

Represented by Martine Hul

Ended
HUL MANAGEMENT

Managing director · since 02 juin 2017 · until 02 juin 2023 · 0669.722.147

Represented by Martine Hul

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares23/05/2022
    KAPITAAL - AANDELEN
    PDF
  • Registered office31/05/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2016
    ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares11/07/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates07/03/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/12/2007
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025488,6 k €↑
  2. 2024
    Annual accounts 2024-26,1 k €↑
  3. 2023
    Annual accounts 2023-28,4 k €↑
  4. 2022
    Annual accounts 2022-53,7 k €↑
  5. 2021
    Annual accounts 2021-241,5 k €↓
  6. 2020
    Annual accounts 2020-29,8 k €↑
  7. 2019
    Annual accounts 2019-126,3 k €↓
  8. 2018
    Annual accounts 20188,6 k €↓
  9. 2017
    Annual accounts 2017595,4 k €↑
  10. 2016
    Annual accounts 201649,2 k €↓
  11. 2015
    Annual accounts 2015149,1 k €↓
  12. 2014
    Annual accounts 2014215,3 k €↑
  13. 2013
    Annual accounts 201373,7 k €↑
  14. 2012
    Annual accounts 201237,1 k €↓
  15. 2011
    Annual accounts 201187,1 k €↑
  16. 2010
    Annual accounts 201056,5 k €↑
  17. 2009
    Annual accounts 200954,3 k €↓
  18. 2008
    Annual accounts 2008135 k €↓
  19. 2007
    Annual accounts 2007135,6 k €
  20. 30/10/2001
    IncorporationPublic limited company