ACTIVE

HPHOLD

Financial year 2025 · Closed on 31/12/2025

Net result43 k €+22,6 %over 1 year

Gross margin163,9 k €-34,1 %over 1 year

Equity2 M €+2,2 %over 1 year

Identity

Source · BCE/KBO

HPHOLD is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Welkenraedt.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0476.406.689
Incorporation: 16/01/2002
Legal form: Private limited company
Registered office: Rue Prince Albert 1
4840 Welkenraedt · WallonieSee on map
Contributed capital: 189 500,00 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	163,9 k €	-34.1%	248,9 k €	-6.3%	265,7 k €	+54.6%	171,9 k €	-80.3%	872,8 k €
EBITDA	154,8 k €	-35.5%	240 k €	-6.6%	257 k €	+58.7%	161,9 k €	-78.4%	750,2 k €
Operating result	70,2 k €	-54.8%	155,4 k €	-9.5%	171,7 k €	+716%	-27,9 k €	-105%	561,3 k €
Net result	43 k €	+22.6%	35 k €	+131%	-112,4 k €	-55.2%	-72,4 k €	-120%	365,4 k €
Balance sheet
Equity	2 M €	+2.2%	2 M €	+1.8%	1,9 M €	-5.5%	2 M €	-3.4%	2,1 M €
Total assets	3,8 M €	+0.7%	3,8 M €	-3.9%	3,9 M €	-3.5%	4 M €	-7.7%	4,4 M €
Cash	11,1 k €	-83.4%	67,1 k €	-25.8%	90,4 k €	-12.9%	103,8 k €	-28.1%	144,3 k €
Debts	1,2 M €	+0.4%	1,2 M €	-12.0%	1,4 M €	-0.7%	1,4 M €	-14.9%	1,6 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GESOTRA PARTNERS0463.900.223Represented by Thomas BONG	Directorsince 05/06/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adrien PIRNAY	Manager01/01/2018 → 05/06/2020
Etienne HANSON	Manager28/12/2001 → 05/06/2020

Other companies at this address

Rue Prince Albert 1 4840 Welkenraedt

Company	CBE no.
Fabrice Hinck Comptabilité● Active	0460.071.592
FAGNES EMOTIONS● Active	0896.554.370
FGP-HPHold● Active	0750.642.022
FIDUCIAIRE H.P.H. & PARTNERS● Active	0713.606.135
FRANCORCHAMPS GROUPE PARTNERS● Active	0464.989.987
GESCO FININVEST PARTNERS● Active	0430.698.608
GESOTRA PARTNERS● Active	0463.900.223
HARDY Robert et PIRNAY Marc Partners● Active	0435.679.953
H.M.M.● Active	0881.231.835
H.P.B. Gestion Sociale● Active	0760.640.445
HPHEC & PARTNERS● Active	0402.324.524
IMMO GROUPE PARTNERS● Active	0446.615.318
ROHONVAL PARTNERS● Active	0434.188.430

Full financial information

Source · NBB

	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	09/06/2026	06/06/2025	31/05/2024	26/05/2023	09/06/2022	11/05/2021
General meeting	26/05/2026	03/06/2025	17/05/2024	16/05/2023	31/05/2022	05/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	09/06/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	17/05/2024	31/05/2024	French	PDF
Abridged model	31/12/2022	16/05/2023	26/05/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	09/06/2022	French	PDF
Abridged model	31/12/2020	05/05/2021	11/05/2021	French	PDF
Abridged model	31/12/2019	14/03/2020	30/03/2020	French	PDF
Abridged model	31/12/2018	30/04/2019	10/05/2019	French	PDF
Abridged model	31/12/2017	09/04/2018	27/04/2018	French	PDF
Abridged model	31/12/2016	04/04/2017	24/04/2017	French	PDF
Abridged model	31/12/2015	27/04/2016	02/05/2016	French	PDF
Abridged model	31/12/2014	21/04/2015	04/05/2015	French	PDF
Abridged model	31/12/2013	12/04/2014	06/05/2014	French	PDF
Abridged model	31/12/2012	22/04/2013	30/04/2013	French	PDF
Abridged model	31/12/2011	07/04/2012	19/04/2012	French	PDF
Abridged model	31/12/2010	06/04/2011	12/04/2011	French	PDF
Abridged model	31/12/2009	01/04/2010	12/04/2010	French	PDF
Abridged model	31/12/2008	02/04/2009	07/04/2009	French	PDF
Abridged model	31/12/2007	01/04/2008	03/04/2008	French	PDF
Abridged model	31/12/2006	03/03/2007	13/03/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GESOTRA PARTNERS0463.900.223Represented by Thomas BONG	Directorsince 05/06/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adrien PIRNAY	Manager01/01/2018 → 05/06/2020
Etienne HANSON	Manager28/12/2001 → 05/06/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring23/07/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring21/05/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates10/07/2020
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2018
DEMISSIONS, NOMINATIONS
PDF
Capital / shares21/01/2014
AUGMENTATION DE CAPITAL - ADAPTATION DES STATUTS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

GESOTRA PARTNERS

Adrien PIRNAY

Marc PIRNAY

Etienne HANSON

20012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

HPHOLD

Rue Prince Albert 1, 4840 Welkenraedt

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Prince Albert 1, 4840 WelkenraedtCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00151399

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HPHOLDCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00151399

Events

2025
Annual accounts 202543 k €↑
2024
Annual accounts 202435 k €↑
2023
Annual accounts 2023-112,4 k €↓
2022
Annual accounts 2022-72,4 k €↓
2021
Annual accounts 2021365,4 k €↑
2020
Annual accounts 2020-3,9 k €↓
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 20181,8 k €↓
2017
Annual accounts 20173,3 k €↓
2016
Annual accounts 20163,6 k €↑
2015
Annual accounts 2015252 €↓
2014
Annual accounts 201424,6 k €↑
2013
Annual accounts 201318,6 k €↑
2012
Annual accounts 201213,9 k €↓
2011
Annual accounts 201184,5 k €↑
2010
Annual accounts 201083,7 k €↓
2009
Annual accounts 200993,3 k €↑
2008
Annual accounts 200863,1 k €↓
2007
Annual accounts 200779,3 k €
16/01/2002
IncorporationPrivate limited company

HPHOLD

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events