ACTIVE

HD Square Engineering

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Financial year 2025 · closed on 31/03/2025

Net result

53,1 k €

+729.7% YoY

Gross margin

508 k €

+36.5% YoY

Equity

265,8 k €

+4.3% YoY

Workforce

4,6 ETP

+9.5% YoY

What does HD Square Engineering do?

HD Square Engineering is a Private limited company incorporated in 2003. Its registered office is in Lessines. It employs on average 4,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0480.295.203

Incorporation

23/05/2003

Legal form

Private limited company

Registered office

Chemin de Mons à Gand(DA) 251
7864 Lessines · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/03/2025

Average workforce

4,6 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	508 k €	+36.5%	372,2 k €	+14.6%	324,8 k €	-13.0%	373,1 k €	+27.4%	292,9 k €	-14.4%	342,2 k €	-35.5%	530,2 k €	+20.9%	438,5 k €	+27.6%	343,7 k €	+0.2%	343 k €	-12.4%	391,6 k €	+56.0%	251 k €	+12.6%	222,9 k €	+11.1%	200,5 k €	-12.8%	230 k €	-9.8%	255 k €	+12.0%	227,8 k €	+84.0%	123,8 k €	+62.5%	76,2 k €
EBITDA	112,5 k €	+384%	23,2 k €	+4.9%	22,2 k €	-34.5%	33,8 k €	-6.8%	36,3 k €	-49.2%	71,4 k €	-70.4%	241 k €	+37.5%	175,3 k €	+90.2%	92,1 k €	-24.8%	122,5 k €	-35.1%	188,8 k €	+118%	86,7 k €	+99.4%	43,5 k €	-20.3%	54,5 k €	-1.3%	55,2 k €	-50.7%	112,1 k €	+5.0%	106,8 k €	+102%	52,8 k €	+261%	14,6 k €
Operating result	86,9 k €	+2265%	-4 k €	+18.7%	-4,9 k €	-900%	617,8 €	-20.3%	774,9 €	-97.5%	30,8 k €	-84.5%	198,5 k €	+51.5%	131 k €	+174%	47,9 k €	-39.0%	78,5 k €	-47.2%	148,7 k €	+204%	48,8 k €	+225%	15 k €	-43.1%	26,4 k €	+3.1%	25,7 k €	-72.6%	93,6 k €	+12.1%	83,5 k €	+85.9%	44,9 k €	+517%	7,3 k €
Net result	53,1 k €	+730%	-8,4 k €	+13.3%	-9,7 k €	-27.0%	-7,7 k €	-837%	-816,6 €	-107%	11,3 k €	-90.3%	117,1 k €	+75.0%	66,9 k €	+258%	18,7 k €	-56.8%	43,2 k €	-56.0%	98,4 k €	+375%	20,7 k €	+806%	-2,9 k €	-165%	4,5 k €	+17.9%	3,8 k €	-92.3%	49,8 k €	+91.7%	26 k €	-8.7%	28,5 k €	+532%	4,5 k €
Balance sheet
Equity	265,8 k €	+4.3%	254,9 k €	-3.2%	263,3 k €	-3.6%	273 k €	-2.7%	280,7 k €	-0.3%	281,5 k €	-23.6%	368,6 k €	+46.6%	251,4 k €	+36.3%	184,5 k €	+11.3%	165,8 k €	+35.3%	122,6 k €	+58.1%	77,5 k €	+36.5%	56,8 k €	-4.9%	59,7 k €	-41.6%	102,3 k €	+3.9%	98,5 k €	+17.7%	83,6 k €	-9.7%	92,6 k €	+22.0%	75,9 k €
Total assets	667,3 k €	+41.0%	473,3 k €	-3.7%	491,7 k €	-9.4%	542,5 k €	-0.1%	543,1 k €	-16.5%	650,2 k €	-19.9%	812,2 k €	+30.8%	621,1 k €	-6.6%	665 k €	-1.8%	677 k €	+4.3%	649,3 k €	+6.1%	612 k €	+16.7%	524,6 k €	-24.5%	694,6 k €	+22.5%	567,2 k €	-17.4%	686,7 k €	-3.6%	712,4 k €	+230%	215,6 k €	+23.8%	174,2 k €
Cash	346,9 k €	+306%	85,4 k €	-22.7%	110,4 k €	-46.9%	208 k €	+8.3%	192,1 k €	-16.2%	229,1 k €	-32.7%	340,3 k €	+60.4%	212,2 k €	+58.4%	134 k €	+29.0%	103,9 k €	-9.8%	115,1 k €	+154%	45,4 k €	-32.8%	67,5 k €	-70.3%	226,8 k €	+369%	48,4 k €	-70.2%	162,3 k €	+6.2%	152,8 k €	+80.9%	84,5 k €	+104%	41,4 k €
Debts	399,4 k €	+84.6%	216,4 k €	-4.5%	226,6 k €	-15.9%	269,4 k €	+2.7%	262,4 k €	-28.8%	368,7 k €	-16.5%	441,4 k €	+19.4%	369,7 k €	-23.1%	480,5 k €	-1.3%	486,8 k €	-7.5%	526,1 k €	-1.6%	534,5 k €	+14.2%	467,9 k €	-26.3%	634,9 k €	+36.6%	464,9 k €	-21.0%	588,2 k €	-6.4%	628,7 k €	+412%	122,8 k €	+25.1%	98,1 k €
Other
Workforce	4,6 ETP	+9.5%	4,2 ETP	-28.8%	5,9 ETP	+18.0%	5,0 ETP	0.0%	5,0 ETP	-28.6%	7,0 ETP	+16.7%	6,0 ETP	0.0%	6,0 ETP	+30.4%	4,6 ETP	0.0%	4,6 ETP	-16.4%	5,5 ETP	+37.5%	4,0 ETP	+33.3%	3,0 ETP	0.0%	3,0 ETP	-11.8%	3,4 ETP	+21.4%	2,8 ETP	+40.0%	2,0 ETP	+81.8%	1,1 ETP	+10.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 2 ended

Active mandates

Hans Demeestere

Director

Active

Hans Depreitere

Director

Active

Ended mandates

HANS DEMEESTERE

Manager · since 09 mai 2003

Ended

HANS DEPREITERE

Manager · since 09 mai 2003

Ended

At this address

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be.tec● Active	0708.898.863
SISY● Active	0808.844.002

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	15 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	31/10/2024	31/08/2023	05/07/2022	24/07/2021	30/09/2020
General meeting	04/09/2025	05/09/2024	29/05/2023	30/05/2022	31/05/2021	25/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	04/09/2025	30/10/2025	French	PDF
Abridged model	31/03/2024	05/09/2024	31/10/2024	French	PDF
Abridged model	31/12/2022	29/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	30/05/2022	05/07/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	24/07/2021	French	PDF
Abridged model	31/12/2019	25/05/2020	30/09/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	27/06/2018	French	PDF
Abridged model	31/12/2016	29/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	30/05/2016	23/06/2016	French	PDF
Abridged model	31/12/2014	25/05/2015	14/08/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	28/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	25/05/2009	13/08/2009	French	PDF
Abridged model	31/12/2007	05/05/2008	20/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	04/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/03/2025 · 2 active · 2 ended

Active mandates

Hans Demeestere

Director

Active

Hans Depreitere

Director

Active

Ended mandates

HANS DEMEESTERE

Manager · since 09 mai 2003

Ended

HANS DEPREITERE

Manager · since 09 mai 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office16/12/2008
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING
PDF
Other04/06/2003
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 202553,1 k €↑
2024
Annual accounts 2024-8,4 k €↑
2022
Annual accounts 2022-9,7 k €↓
2021
Annual accounts 2021-7,7 k €↓
2020
Annual accounts 2020-816,6 €↓
2019
Annual accounts 201911,3 k €↓
2018
Annual accounts 2018117,1 k €↑
2017
Annual accounts 201766,9 k €↑
2016
Annual accounts 201618,7 k €↓
2015
Annual accounts 201543,2 k €↓
2014
Annual accounts 201498,4 k €↑
2013
Annual accounts 201320,7 k €↑
2012
Annual accounts 2012-2,9 k €↓
2011
Annual accounts 20114,5 k €↑
2010
Annual accounts 20103,8 k €↓
2009
Annual accounts 200949,8 k €↑
2008
Annual accounts 200826 k €↓
2007
Annual accounts 200728,5 k €↑
2006
Annual accounts 20064,5 k €
23/05/2003
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

HD Square Engineering

Overview

What does HD Square Engineering do?

Trend over 19 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