ACTIVE

HCL Technologies Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result3,3 M €-15,3 %over 1 year
Revenue113,9 M €+4,2 %over 1 year
Equity16,9 M €-1,2 %over 1 year
Workforce179,3 ETP-2,2 %over 1 year

Identity

Source · BCE/KBO

HCL Technologies Belgium is a Private limited company incorporated in 2013. Its main activity is: Computer programming activities. Its registered office is in Zaventem. It employs on average 179,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0542.547.130
Incorporation
28/11/2013
Legal form
Private limited company
Registered office
Lozenberg 18
1932 Zaventem · FlandreSee on map
Contributed capital
3 668 171,00 €
Latest accounts
31/12/2025
Average workforce
179,3 ETP
Joint committees (1)
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 12 financial years

20252024202320232022
Income statement
Revenue113,9 M €109,2 M €77,2 M €97,7 M €53,8 M €
EBITDA11,2 M €10,6 M €7 M €8,1 M €3,6 M €
Operating result4,8 M €5,7 M €4,3 M €5,7 M €2 M €
Net result3,3 M €3,9 M €1,5 M €2,9 M €1,4 M €
Balance sheet
Equity16,9 M €17,1 M €13,2 M €11,7 M €8,8 M €
Total assets82,3 M €73 M €73 M €81,6 M €65,4 M €
Cash5,3 M €5,5 M €22,9 M €17,5 M €9 M €
Debts59,5 M €44,5 M €55,4 M €65,5 M €52,9 M €
Other
Workforce179,3 ETP183,4 ETP167,4 ETP148,2 ETP126,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 20 ended

Active mandates

Steven Valvekens

Director · since 31 mai 2024

Active
Goutam RUNGTA

Director · since 20 janvier 2022

Active
Shiv Walia

Director · since 02 mai 2016

Active

Ended mandates

Raghu Lakshmanan

Director · since 10 janvier 2019

Ended
Raghu LAKSHMANAN

Director · since 10 janvier 2019 · until 31 mai 2024

Ended
Raghu Raman LAKSHMANAN

Director · since 10 janvier 2019 · until 11 juillet 2025

Ended
Raghu Raman LAKSHMANAN

Manager · since 10 janvier 2019

Ended

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Full financial information

Source · NBB
202520242023202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/12/202431/12/202331/03/202331/03/202231/03/2021
Length of the financial year12 months12 months9 months12 months12 months12 months
Filing date27/08/202614/07/202529/07/202431/07/202313/07/202230/07/2021
General meeting20/08/202630/06/202512/07/202414/07/202308/07/202209/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/08/202627/08/2026DutchPDF
Full model31/12/202430/06/202514/07/2025DutchPDF
Full model31/12/202312/07/202429/07/2024DutchPDF
Full model31/03/202314/07/202331/07/2023DutchPDF
Full model31/03/202208/07/202213/07/2022DutchPDF
Full model31/03/202109/07/202130/07/2021DutchPDF
Full model31/03/202011/09/202008/10/2020DutchPDF
Full model31/03/201912/07/201914/08/2019DutchPDF
Full model31/03/201814/09/201825/09/2018DutchPDF
Full model31/03/201708/09/201709/10/2017DutchPDF
Full model31/03/201609/09/201627/10/2016DutchPDF
Full model30/06/201525/09/201509/12/2015DutchPDF
Full model30/06/201426/09/201408/12/2014DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 20 ended

Active mandates

Steven Valvekens

Director · since 31 mai 2024

Active
Goutam RUNGTA

Director · since 20 janvier 2022

Active
Shiv Walia

Director · since 02 mai 2016

Active

Ended mandates

Raghu Lakshmanan

Director · since 10 janvier 2019

Ended
Raghu LAKSHMANAN

Director · since 10 janvier 2019 · until 31 mai 2024

Ended
Raghu Raman LAKSHMANAN

Director · since 10 janvier 2019 · until 11 juillet 2025

Ended
Raghu Raman LAKSHMANAN

Manager · since 10 janvier 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/01/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates02/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates10/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/02/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring05/11/2020
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20253,3 M €↓
  2. 10/12/2025
    reconductionKPMG BEDRIJFSREVISOREN — commissaris
  3. 2024
    Annual accounts 20243,9 M €↑
  4. 31/05/2024
    nominationSteven Valvekens — bestuurder
  5. 2023
    Annual accounts 20231,5 M €↓
  6. 2023
    Annual accounts 20232,9 M €↑
  7. 08/07/2022
    reconductionKPMG Bedrijfsrevisoren BV / Réviseurs d'Enterprises SRL — commissaris
  8. 2022
    Annual accounts 20221,4 M €↑
  9. 2020
    Annual accounts 2020491,1 k €↑
  10. 2019
    Annual accounts 2019-67,9 k €↓
  11. 2018
    Annual accounts 2018234,2 k €↑
  12. 2017
    Annual accounts 20171,2 k €↑
  13. 2016
    Annual accounts 2016-301 k €↓
  14. 2015
    Annual accounts 2015-3,4 k €↑
  15. 2014
    Annual accounts 2014-11,9 k €
  16. 28/11/2013
    IncorporationPrivate limited company