ACTIVE

HUNGRY MINDS

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Financial year 2025 · Closed on 31/12/2025

Net result214,6 k €-41,1 %over 1 year

Gross margin1,9 M €-7,0 %over 1 year

Equity420,9 k €-16,9 %over 1 year

Workforce21,2 ETP+4,4 %over 1 year

Identity

Source · BCE/KBO

HUNGRY MINDS is a Public limited company incorporated in 2002. Its main activity is: Public relations and communication activities. Its registered office is in Namur. It employs on average 21,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0476.615.339
Incorporation: 25/01/2002
Legal form: Public limited company
Registered office: Route de Louvain-la-Neuve(BL) 4
5001 Namur · WallonieSee on map
Contributed capital: 260 179,32 €
Latest accounts: 31/12/2025
Average workforce: 21,2 ETP

Activities (NACE)

70210Public relations and communication activities· main 73110Advertising agencies 73110Advertising agencies 73300Advertising and market research 74141Specialised design activities 70200Management consultancy activities+2

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,9 M €	-7.0%	2 M €	-10.2%	2,2 M €	+33.8%	1,7 M €	-6.7%	1,8 M €
EBITDA	345,6 k €	-36.9%	547,3 k €	-40.1%	913,4 k €	+147%	370,2 k €	-47.1%	699,8 k €
Operating result	320,5 k €	-38.3%	519,6 k €	-41.2%	883,8 k €	+159%	340,8 k €	-49.2%	671 k €
Net result	214,6 k €	-41.1%	364,3 k €	-41.3%	620,7 k €	+162%	236,7 k €	-51.1%	484,5 k €
Balance sheet
Equity	420,9 k €	-16.9%	506,4 k €	-32.9%	754,1 k €	+3.4%	729,2 k €	+48.1%	492,5 k €
Total assets	2,1 M €	-20.0%	2,6 M €	-15.0%	3,1 M €	+44.0%	2,1 M €	+4.0%	2 M €
Cash	476,2 k €	+11.2%	428,2 k €	-29.0%	603,2 k €	+12.8%	534,6 k €	-40.8%	902,5 k €
Debts	1,7 M €	-20.8%	2,1 M €	-9.1%	2,3 M €	+65.3%	1,4 M €	-10.0%	1,5 M €
Other
Workforce	21,2 ETP	+4.4%	20,3 ETP	+14.0%	17,8 ETP	-10.1%	19,8 ETP	+8.2%	18,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BRH HOLDING1011.253.704Represented by Emmanuel BRIARD	Director10/07/2024 → 10/07/2030
Damien Ronday	Director10/07/2024 → 10/07/2030
Stéphane Henry	Director02/02/2017 → 10/07/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Pasco	Director26/04/2023 → 2023 accounts
Yann Rambaud	Managing director26/04/2023 → 2024 accounts

Other companies at this address

Route de Louvain-la-Neuve(BL) 4 5001 Namur

Company	CBE no.
AIDANTS PROCHES● Active	0885.931.187
AUBAY.PROMOTIC● Active	0423.954.930
AVOLEX INVEST● Active	0712.726.207
BRH HOLDING● Active	1011.253.704
Bureau de Gestion Commerciale● Bankrupt	0419.761.263
COMMISSION WALLONNE POUR L'ENERGIE● Active	0850.260.131
CORENOVE● Active	0699.603.986
D.N.V.● Active	0877.265.525
Fédération francophone belge de Marches Populaires● Active	0414.009.262
HEGER Association d'avocats● Active	0463.855.780
NGR● Active	1031.762.076
Réseau Entreprendre Wallonie● Active	0870.748.016
SHARP SENSE● Active	1038.117.457

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	20/05/2026	22/04/2025	19/07/2024	06/07/2023	22/04/2022	08/04/2021
General meeting	08/05/2026	10/04/2025	10/07/2024	09/06/2023	31/03/2022	31/03/2021
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	08/05/2026	20/05/2026	French	PDF
Abridged model	31/12/2024	10/04/2025	22/04/2025	French	PDF
Abridged model	31/12/2023	10/07/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	09/06/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	31/03/2022	22/04/2022	French	PDF
Abridged model	31/12/2020	31/03/2021	08/04/2021	French	PDF
Abridged model	31/12/2019	24/04/2020	12/05/2020	French	PDF
Abridged model	31/12/2018	26/04/2019	21/05/2019	French	PDF
Abridged model	31/12/2017	26/04/2018	22/05/2018	French	PDF
Abridged model	31/12/2016	11/05/2017	22/05/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	09/06/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	30/04/2014	30/05/2014	French	PDF
Abridged model	31/12/2012	26/04/2013	13/06/2013	French	PDF
Abridged model	31/12/2011	27/04/2012	23/05/2012	French	PDF
Abridged model	31/12/2010	29/04/2011	17/05/2011	French	PDF
Abridged model	31/12/2009	30/04/2010	07/05/2010	French	PDF
Abridged model	31/12/2008	24/04/2009	20/05/2009	French	PDF
Abridged model	31/12/2007	25/04/2008	22/05/2008	French	PDF
Abridged model	31/12/2006	27/04/2007	25/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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

3 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BRH HOLDING1011.253.704Represented by Emmanuel BRIARD	Director10/07/2024 → 10/07/2030
Damien Ronday	Director10/07/2024 → 10/07/2030
Stéphane Henry	Director02/02/2017 → 10/07/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe Pasco	Director26/04/2023 → 2023 accounts
Yann Rambaud	Managing director26/04/2023 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates06/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates31/05/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/10/2021
CAPITAL, ACTIONS
PDF
Mandates07/05/2021
DEMISSIONS, NOMINATIONS
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

Filings20 filings

Mandates

BRH HOLDING

Stéphane Henry

Damien Ronday

Yann Rambaud

Philippe Pasco

CIBLE COMMUNICATION

IMPULSIONS MARKETING & MANAGEMENT

AdLib Inc.

CANOPEE

OUT OF THE ROOM MARKETING & COMMUNICATION

COM & MANAGEMENT

Marc GILSON

Show the 5 other mandates

20022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

HUNGRY MINDS

Route de Louvain-la-Neuve, 4, 5001 Belgrade

Director

Managing director

Chairman of the board of directors

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Route de Louvain-la-Neuve(BL) 4, 5001 BelgradeCurrent		CBE
Route de Louvain-la-Neuve 4B19, 5001 Belgrade	accounts 2025	Accounts 2025 · 2026-00117257
Route de Louvain-la-Neuve, 4, 5001 Belgrade	accounts 2021 → 2024	Accounts 2024 · 2025-00076304

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HUNGRY MINDSCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00117257

Events

2025
Annual accounts 2025214,6 k €↓
2024
Annual accounts 2024364,3 k €↓
2023
Annual accounts 2023620,7 k €↑
2022
Annual accounts 2022236,7 k €↓
2021
Annual accounts 2021484,5 k €↑
2020
Annual accounts 2020358,8 k €↓
2019
Annual accounts 2019406 k €↑
2018
Annual accounts 2018358,9 k €↑
2017
Annual accounts 2017150,1 k €↑
2016
Annual accounts 2016147,7 k €↑
2015
Annual accounts 201537,7 k €↑
2014
Annual accounts 20141,8 k €↓
2013
Annual accounts 20136,5 k €↑
2012
Annual accounts 2012-63,8 k €↓
2011
Annual accounts 2011-11,3 k €↓
2010
Annual accounts 201013,3 k €↑
2009
Annual accounts 2009-10 k €↓
2008
Annual accounts 200811,7 k €↑
2007
Annual accounts 2007-11,6 k €↓
2006
Annual accounts 20067,4 k €
25/01/2002
IncorporationPublic limited company

HUNGRY MINDS

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