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

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 62030Computer facilities management activities 62090Other information technology and computer service activities+3

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 12 financial years

	2025		2024		2023		2023		2022
Income statement
Revenue	113,9 M €	+4.2%	109,2 M €	+41.5%	77,2 M €	-21.0%	97,7 M €	+81.6%	53,8 M €
EBITDA	11,2 M €	+5.6%	10,6 M €	+50.9%	7 M €	-13.8%	8,1 M €	+128%	3,6 M €
Operating result	4,8 M €	-16.1%	5,7 M €	+31.7%	4,3 M €	-23.5%	5,7 M €	+190%	2 M €
Net result	3,3 M €	-15.3%	3,9 M €	+166%	1,5 M €	-49.7%	2,9 M €	+110%	1,4 M €
Balance sheet
Equity	16,9 M €	-1.2%	17,1 M €	+29.5%	13,2 M €	+12.4%	11,7 M €	+32.8%	8,8 M €
Total assets	82,3 M €	+12.8%	73 M €	-0.0%	73 M €	-10.6%	81,6 M €	+24.9%	65,4 M €
Cash	5,3 M €	-2.7%	5,5 M €	-76.0%	22,9 M €	+30.8%	17,5 M €	+94.3%	9 M €
Debts	59,5 M €	+33.7%	44,5 M €	-19.6%	55,4 M €	-15.4%	65,5 M €	+23.9%	52,9 M €
Other
Workforce	179,3 ETP	-2.2%	183,4 ETP	+9.6%	167,4 ETP	+13.0%	148,2 ETP	+17.1%	126,6 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 · 11 ended

Active mandates

Director	Mandates in this company	Period
Steven Valvekens	Directorsince 31/05/2024
Goutam RUNGTA	Directorsince 20/01/2022
Shiv Walia	Directorsince 02/05/2016

Ended mandates

Director	Mandates in this company	Period
Raghu Lakshmanan	Director10/01/2019 → 2023 accounts
Raghu Raman LAKSHMANAN	Director10/01/2019 → 2020 accountsManager10/01/2019 → 2019 accounts

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Full financial information

Source · NBB

	2025	2024	2023	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	9 months	12 months	12 months	12 months
Filing date	27/08/2026	14/07/2025	29/07/2024	31/07/2023	13/07/2022	30/07/2021
General meeting	20/08/2026	30/06/2025	12/07/2024	14/07/2023	08/07/2022	09/07/2021
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, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	20/08/2026	27/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	14/07/2025	Dutch	PDF
Full model	31/12/2023	12/07/2024	29/07/2024	Dutch	PDF
Full model	31/03/2023	14/07/2023	31/07/2023	Dutch	PDF
Full model	31/03/2022	08/07/2022	13/07/2022	Dutch	PDF
Full model	31/03/2021	09/07/2021	30/07/2021	Dutch	PDF
Full model	31/03/2020	11/09/2020	08/10/2020	Dutch	PDF
Full model	31/03/2019	12/07/2019	14/08/2019	Dutch	PDF
Full model	31/03/2018	14/09/2018	25/09/2018	Dutch	PDF
Full model	31/03/2017	08/09/2017	09/10/2017	Dutch	PDF
Full model	31/03/2016	09/09/2016	27/10/2016	Dutch	PDF
Full model	30/06/2015	25/09/2015	09/12/2015	Dutch	PDF
Full model	30/06/2014	26/09/2014	08/12/2014	Dutch	PDF

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 · 11 ended

Active mandates

Director	Mandates in this company	Period
Steven Valvekens	Directorsince 31/05/2024
Goutam RUNGTA	Directorsince 20/01/2022
Shiv Walia	Directorsince 02/05/2016

Ended mandates

Director	Mandates in this company	Period
Raghu Lakshmanan	Director10/01/2019 → 2023 accounts
Raghu Raman LAKSHMANAN	Director10/01/2019 → 2020 accountsManager10/01/2019 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/07/2026
Ontslag bestuurder
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

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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

Filings12 filings

Mandates

Steven Valvekens

Goutam RUNGTA

Shiv Walia

Raghu LAKSHMANAN

Raghu Raman LAKSHMANAN

George BEJOY

Kumar Walia SHIV

Golpalakrishnan SUBRAMANIAN

Subramanian Gopalakrishnan

Joseph George BEJOY

Joseph George Bejoy

Bansal Prahlad Rai

Show the 2 other mandates

20132014201520162017201820192020202120222023202420252026

HCL Technologies Belgium

Lozenberg 18, 1932 Sint-Stevens-WoluweLozenberg 22 bte 3, 1932 Sint-Stevens-Woluwe

Director

DirectorManager

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Lozenberg 18, 1932 Sint-Stevens-WoluweCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00435575
Lozenberg 22 bte 3, 1932 Sint-Stevens-Woluwe	accounts 2022 → 2023	Accounts 2023 · 2024-00306237

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HCL Technologies BelgiumCurrent	accounts 2014 → 2025	Accounts 2025 · 2026-00435575

Events

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

HCL Technologies Belgium

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