ACTIVE

KARL HUGO DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+49.5% YoY

Revenue

42 k €

0.0% YoY

Equity

4,3 M €

-22.7% YoY

What does KARL HUGO DEVELOPMENT do?

KARL HUGO DEVELOPMENT is a Public limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.210.988

Incorporation

26/08/2002

Legal form

Public limited company

Registered office

Avenue Château de Walzin 3 box 21
1180 Uccle · BruxellesSee on map

Contributed capital

1 150 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 74203Photographic activities

Signals

ProfitableSolid equityLow riskPositive cashflow

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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
Revenue	42 k €	0.0%	42 k €	0.0%	42 k €	0.0%	42 k €	0.0%	42 k €		–		–		–		–		–		60 k €	0.0%	60 k €	0.0%	60 k €	-18.9%	74 k €	-4.5%	77,5 k €	-15.0%	91,1 k €	-9.7%	100,9 k €	+9.6%	92,1 k €	+53.5%	60 k €	-30.8%	86,7 k €
EBITDA	-6,1 k €	+16.6%	-7,3 k €	+51.4%	-15 k €	-2295%	681,4 €	-40.2%	1,1 k €	+9.4%	1 k €	-91.2%	11,8 k €	-16.1%	14,1 k €	+56.9%	9 k €	-36.0%	14 k €	-49.5%	27,8 k €	+8.7%	25,5 k €	-5.2%	27 k €	-32.6%	40 k €	-6.5%	42,8 k €	-25.5%	57,4 k €	-14.7%	67,3 k €	+17.3%	57,3 k €	+144%	23,5 k €	-53.1%	50,2 k €
Operating result	-6,1 k €	+16.6%	-7,3 k €	+51.4%	-15 k €	-2295%	681,4 €	-40.2%	1,1 k €	+9.4%	1 k €	-91.2%	11,8 k €	-16.1%	14,1 k €	+56.9%	9 k €	-36.0%	14 k €	-49.5%	27,8 k €	+15.2%	24,1 k €	-10.6%	27 k €	-32.6%	40 k €	-6.5%	42,8 k €	-25.5%	57,4 k €	-14.7%	67,3 k €	+25.1%	53,8 k €	+128%	23,5 k €	-53.1%	50,2 k €
Net result	1,5 M €	+49.5%	1 M €	+146%	408,7 k €	+1.1%	404,4 k €	+34.6%	300,4 k €	+9.8%	273,7 k €	+1.5%	269,7 k €	+19.1%	226,4 k €	+2.9%	220,1 k €	-0.5%	221,2 k €	-18.2%	270,4 k €	-6.9%	290,4 k €	+1.1%	287,1 k €	-2.7%	295 k €	-2.2%	301,5 k €	-29.0%	424,4 k €	+0.4%	422,5 k €	+80.1%	234,6 k €	-42.0%	404,2 k €	+164%	152,9 k €
Balance sheet
Equity	4,3 M €	-22.7%	5,6 M €	-3.1%	5,8 M €	-14.0%	6,7 M €	+6.4%	6,3 M €	+5.0%	6 M €	+4.8%	5,7 M €	+4.8%	5,5 M €	+0.1%	5,5 M €	+4.2%	5,3 M €	+1.4%	5,2 M €	+5.5%	4,9 M €	+45.6%	3,4 M €	-26.4%	4,6 M €	+6.9%	4,3 M €	+4.9%	4,1 M €	+10.6%	3,7 M €	+10.8%	3,3 M €	-32.0%	4,9 M €	+5.5%	4,7 M €
Total assets	6,1 M €	+4.0%	5,9 M €	+1.4%	5,8 M €	-13.9%	6,7 M €	+6.4%	6,3 M €	+4.6%	6 M €	+4.6%	5,8 M €	+0.3%	5,8 M €	-1.1%	5,8 M €	-0.6%	5,9 M €	+0.4%	5,8 M €	-0.7%	5,9 M €	-1.3%	6 M €	+1.1%	5,9 M €	+1.4%	5,8 M €	-1.5%	5,9 M €	-3.4%	6,1 M €	+5.4%	5,8 M €	-1.1%	5,9 M €	+0.9%	5,8 M €
Cash	60,6 k €	+97.3%	30,7 k €	-31.9%	45,1 k €	+45.5%	31 k €	-90.7%	334,8 k €	+8.6%	308,3 k €	+638%	41,8 k €	+74.9%	23,9 k €	-72.8%	87,8 k €	-29.4%	124,4 k €	+23.3%	100,8 k €	-30.1%	144,3 k €	+575%	21,4 k €	-86.2%	155,5 k €	+107%	75 k €	+184%	26,4 k €	-41.2%	44,9 k €	+11.9%	40,2 k €	-24.6%	53,3 k €	+345%	12 k €
Debts	1,8 M €	+555%	271 k €	+3733%	7,1 k €	+181%	2,5 k €	-50.1%	5 k €	-82.6%	29 k €	-19.9%	36,2 k €	-87.1%	281,4 k €	-18.8%	346,6 k €	-42.7%	604,9 k €	-7.6%	654,4 k €	-32.4%	968,1 k €	-62.5%	2,6 M €	+98.4%	1,3 M €	-14.3%	1,5 M €	-16.2%	1,8 M €	-24.9%	2,4 M €	-1.9%	2,5 M €	+159%	950,9 k €	-17.1%	1,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 34 ended

Active mandates

Bernd HUGO

Chairman of the board of directors · since 07 juin 2023 · until 03 juin 2026

Active

Stephan HUGO

Managing director · since 07 juin 2023 · until 03 juin 2026

Active

Ended mandates

Andrea HUGO

Director · since 03 juin 2020 · until 07 juin 2023

Ended

Bernd HUGO

Chairman of the board of directors · since 03 juin 2020 · until 07 juin 2023

Ended

Stephan HUGO

Managing director · since 03 juin 2020 · until 07 juin 2023

Ended

Andrea HUGO

Director · since 07 juin 2017 · until 03 juin 2020

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full 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	03/07/2026	24/06/2025	11/06/2024	09/06/2023	05/08/2022	25/06/2021
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
Full model	31/12/2025	03/06/2026	03/07/2026	French	PDF
Full model	31/12/2024	04/06/2025	24/06/2025	French	PDF
Full model	31/12/2023	05/06/2024	11/06/2024	French	PDF
Full model	31/12/2022	07/06/2023	09/06/2023	French	PDF
Full model	31/12/2021	01/06/2022	05/08/2022	French	PDF
Abridged model	31/12/2020	02/06/2021	25/06/2021	French	PDF
Abridged model	31/12/2019	03/06/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	05/06/2019	26/06/2019	French	PDF
Abridged model	31/12/2017	06/06/2018	26/06/2018	French	PDF
Abridged model	31/12/2016	07/06/2017	08/06/2017	French	PDF
Full model	31/12/2015	01/06/2016	01/06/2016	French	PDF
Full model	31/12/2014	03/06/2015	04/06/2015	French	PDF
Full model	31/12/2013	04/06/2014	12/06/2014	French	PDF
Abridged model	31/12/2012	05/06/2013	10/06/2013	French	PDF
Abridged model	31/12/2011	06/06/2012	23/07/2012	French	PDF
Abridged model	31/12/2010	01/06/2011	04/07/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	14/06/2010	French	PDF
Abridged model	31/12/2008	03/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	04/06/2008	10/06/2008	French	PDF
Abridged model	31/12/2006	06/06/2007	27/06/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 34 ended

Active mandates

Bernd HUGO

Chairman of the board of directors · since 07 juin 2023 · until 03 juin 2026

Active

Stephan HUGO

Managing director · since 07 juin 2023 · until 03 juin 2026

Active

Ended mandates

Andrea HUGO

Director · since 03 juin 2020 · until 07 juin 2023

Ended

Bernd HUGO

Chairman of the board of directors · since 03 juin 2020 · until 07 juin 2023

Ended

Stephan HUGO

Managing director · since 03 juin 2020 · until 07 juin 2023

Ended

Andrea HUGO

Director · since 07 juin 2017 · until 03 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/09/2026
Nomination/Réélection de l'administrateur
PDF
Capital / shares09/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates08/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2017
DEMISSIONS, NOMINATIONS
PDF
Other19/05/2016
DIVERS
PDF
Other14/08/2014
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/07/2014
DEMISSIONS, NOMINATIONS
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 20251,5 M €↑
2024
Annual accounts 20241 M €↑
2023
Annual accounts 2023408,7 k €↑
2022
Annual accounts 2022404,4 k €↑
2021
Annual accounts 2021300,4 k €↑
2020
Annual accounts 2020273,7 k €↑
2019
Annual accounts 2019269,7 k €↑
2018
Annual accounts 2018226,4 k €↑
2017
Annual accounts 2017220,1 k €↓
2016
Annual accounts 2016221,2 k €↓
2015
Annual accounts 2015270,4 k €↓
2014
Annual accounts 2014290,4 k €↑
2013
Annual accounts 2013287,1 k €↓
2012
Annual accounts 2012295 k €↓
2011
Annual accounts 2011301,5 k €↓
2010
Annual accounts 2010424,4 k €↑
2009
Annual accounts 2009422,5 k €↑
2008
Annual accounts 2008234,6 k €↓
2007
Annual accounts 2007404,2 k €↑
2006
Annual accounts 2006152,9 k €
26/08/2002
IncorporationPublic 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

KARL HUGO DEVELOPMENT

Overview

What does KARL HUGO DEVELOPMENT 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