ACTIVE

HVDST

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Financial year 2025 · closed on 31/12/2025

Net result

307,9 k €

-19.5% YoY

Gross margin

439,7 k €

-6.1% YoY

Equity

1,6 M €

+3.3% YoY

What does HVDST do?

HVDST is a Private limited company incorporated in 2003. Its registered office is in Turnhout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.260.271

Incorporation

08/01/2003

Legal form

Private limited company

Registered office

Laguitstraat 1
2300 Turnhout · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	439,7 k €	-6.1%	468,1 k €	+3.7%	451,3 k €	+11.5%	404,6 k €	-1.1%	409,3 k €	+12.9%	362,4 k €	+0.7%	359,8 k €	+9.0%	330 k €	+14.1%	289,2 k €	-13.4%	334 k €	+27.7%	261,5 k €	+18.4%	220,9 k €	-8.2%	240,5 k €	+22.8%	195,9 k €	-8.1%	213,3 k €	+21.4%	175,7 k €	+7.5%	163,5 k €	+32.0%	123,9 k €
EBITDA	438,3 k €	-6.0%	466,4 k €	+3.9%	448,8 k €	+11.5%	402,4 k €	-1.3%	407,7 k €	+13.1%	360,6 k €	+1.2%	356,4 k €	+8.5%	328,6 k €	+14.5%	286,9 k €	-13.5%	331,7 k €	+28.0%	259 k €	+18.6%	218,4 k €	-8.3%	238,3 k €	+24.7%	191,1 k €	-9.8%	211,9 k €	+23.3%	171,9 k €	+5.5%	162,9 k €	+32.2%	123,3 k €
Operating result	422,5 k €	-4.9%	444,5 k €	+2.7%	432,8 k €	+11.5%	388,3 k €	-0.0%	388,3 k €	+13.0%	343,6 k €	+2.7%	334,6 k €	+9.3%	306,1 k €	+16.9%	261,9 k €	-11.3%	295,2 k €	+34.6%	219,3 k €	+24.9%	175,6 k €	-9.0%	192,9 k €	+30.2%	148,2 k €	-14.1%	172,5 k €	+29.6%	133 k €	+7.2%	124,1 k €	+30.9%	94,8 k €
Net result	307,9 k €	-19.5%	382,4 k €	+8.6%	352 k €	+53.9%	228,7 k €	-18.8%	281,7 k €	+25.5%	224,5 k €	+10.8%	202,7 k €	+17.0%	173,2 k €	+7.0%	161,9 k €	-9.5%	178,9 k €	-0.1%	179,1 k €	+55.8%	114,9 k €	-3.9%	119,6 k €	+15.1%	103,9 k €	-8.4%	113,5 k €	+19.4%	95 k €	+7.9%	88,1 k €	+32.2%	66,6 k €
Balance sheet
Equity	1,6 M €	+3.3%	1,5 M €	+6.8%	1,4 M €	+9.8%	1,3 M €	+2.0%	1,3 M €	+36.1%	939,1 k €	+9.4%	858,3 k €	+4.7%	819,6 k €	+26.8%	646,4 k €	+33.4%	484,5 k €	+172%	178,3 k €	-34.1%	270,7 k €	+73.8%	155,7 k €	+331%	36,1 k €	-90.5%	382,2 k €	-22.6%	493,8 k €	+23.8%	398,7 k €	+28.3%	310,7 k €
Total assets	1,9 M €	-1.9%	1,9 M €	+10.6%	1,8 M €	+11.6%	1,6 M €	+10.5%	1,4 M €	+32.5%	1,1 M €	-0.7%	1,1 M €	+20.6%	897 k €	-7.2%	966,7 k €	+17.9%	819,7 k €	+3.8%	789,9 k €	+7.1%	737,4 k €	-1.8%	751,3 k €	+6.1%	707,8 k €	+6.6%	664 k €	+20.5%	550,9 k €	+18.9%	463,4 k €	+18.9%	389,7 k €
Cash	106,5 k €	+1.0%	105,5 k €	-44.1%	188,5 k €	-47.8%	361,1 k €	+28.2%	281,7 k €	-26.2%	381,8 k €	+17.4%	325,2 k €	+69.5%	191,9 k €	+61.0%	119,2 k €	-12.9%	136,9 k €	+76.9%	77,4 k €	+31.2%	59 k €	+31.5%	44,9 k €	+19.8%	37,4 k €	-70.6%	127,5 k €	+447%	23,3 k €	-53.3%	49,9 k €	+0.4%	49,7 k €
Debts	227,9 k €	-31.0%	330,2 k €	+11.4%	296,4 k €	+11.4%	266 k €	+82.2%	145,9 k €	+7.4%	136 k €	-39.3%	223,9 k €	+189%	77,4 k €	-75.8%	320,3 k €	-4.5%	335,2 k €	-45.2%	611,6 k €	+31.0%	466,7 k €	-21.6%	595,5 k €	-11.3%	671,7 k €	+145%	273,8 k €	+409%	53,7 k €	-11.9%	61 k €	-18.5%	74,8 k €

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 · 1 active · 4 ended

Active mandates

Herman VAN DER STIGHELEN

Director

Active

Ended mandates

Herman VAN DER STIGHELEN

Director · since 06 mars 2023

Ended

Herman Van der Stighelen

Manager · since 07 janvier 2013 · until 07 janvier 2023

Ended

Herman VAN DER STIGHELEN

Director · since 07 janvier 2013

Ended

Herman Van Der Stighelen

Manager · since 07 janvier 2003 · until 07 janvier 2013

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	23/07/2026	11/07/2025	13/07/2024	08/08/2023	31/08/2022	30/08/2021
General meeting	26/06/2026	30/06/2025	28/06/2024	12/06/2023	13/06/2022	14/06/2021
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
Micro model	31/12/2025	26/06/2026	23/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	11/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	13/07/2024	Dutch	PDF
Micro model	31/12/2022	12/06/2023	08/08/2023	Dutch	PDF
Micro model	31/12/2021	13/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	14/06/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	24/08/2020	14/10/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	15/07/2019	Dutch	PDF
Micro model	31/12/2017	09/06/2018	05/07/2018	Dutch	PDF
Micro model	31/12/2016	10/06/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	06/10/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	06/12/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	07/12/2010	Dutch	PDF
Abridged model	31/12/2008	05/11/2009	30/11/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	30/12/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	29/08/2007	Dutch	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 · 1 active · 4 ended

Active mandates

Herman VAN DER STIGHELEN

Director

Active

Ended mandates

Herman VAN DER STIGHELEN

Director · since 06 mars 2023

Ended

Herman Van der Stighelen

Manager · since 07 janvier 2013 · until 07 janvier 2023

Ended

Herman VAN DER STIGHELEN

Director · since 07 janvier 2013

Ended

Herman Van Der Stighelen

Manager · since 07 janvier 2003 · until 07 janvier 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates24/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/06/2018
KAPITAAL - AANDELEN
PDF
Mandates01/04/2014
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares09/09/2004
DIVERSEN - KAPITAAL - AANDELEN
PDF
Other16/01/2003
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025307,9 k €↓
2024
Annual accounts 2024382,4 k €↑
2023
Annual accounts 2023352 k €↑
2022
Annual accounts 2022228,7 k €↓
2022
Name changeHVDST
2021
Annual accounts 2021281,7 k €↑
2018
Annual accounts 2018224,5 k €↑
2017
Annual accounts 2017202,7 k €↑
2016
Annual accounts 2016173,2 k €↑
2015
Annual accounts 2015161,9 k €↓
2014
Annual accounts 2014178,9 k €↓
2013
Annual accounts 2013179,1 k €↑
2012
Annual accounts 2012114,9 k €↓
2011
Annual accounts 2011119,6 k €↑
2010
Annual accounts 2010103,9 k €↓
2009
Annual accounts 2009113,5 k €↑
2008
Annual accounts 200895 k €↑
2007
Annual accounts 200788,1 k €↑
2006
Annual accounts 200666,6 k €
2006
Name changeDR. HERMAN VAN DER STIGHELEN
08/01/2003
IncorporationPrivate 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

HVDST

Overview

What does HVDST do?

Trend over 18 financial years

Indicative valuation

Board of directors

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