ACTIVE

HZN

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
128,9 k €
-12.6% YoY
Gross margin
628 k €
-4.0% YoY
Equity
149,4 k €
-14.4% YoY
Workforce
8,3 ETP

What does HZN do?

HZN is a Private limited company incorporated in 2015. Its main activity is: Retail sale in non-specialised stores with food, beverages or tobacco predominating. Its registered office is in Ixelles. It employs on average 8,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0632.631.921
Incorporation
22/06/2015
Legal form
Private limited company
Registered office
Avenue Louise 289
1050 Ixelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
8,3 ETP
Activities (NACE)
47110Retail sale in non-specialised stores with food, beverages or tobacco predominating· main47114Retail sale in non-specialised stores with food, beverages or tobacco predominating
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin628 k €654,2 k €697,1 k €567,8 k €410,8 k €446,2 k €473 k €406,2 k €418,1 k €452,2 k €
EBITDA271,8 k €313,2 k €370,3 k €273,1 k €152,1 k €156 k €141,4 k €196,2 k €194,8 k €258 k €
Operating result193 k €215,1 k €272,6 k €177,4 k €86,3 k €95,3 k €80,4 k €135,9 k €135,1 k €181,6 k €
Net result128,9 k €147,5 k €200,4 k €122,5 k €56,2 k €62,4 k €51,2 k €94,1 k €81,9 k €104,7 k €
Balance sheet
Equity149,4 k €174,5 k €227 k €148,6 k €195,2 k €138,9 k €76,5 k €206,9 k €192,8 k €110,9 k €
Total assets454,5 k €464,1 k €568,5 k €497,8 k €493,4 k €434,5 k €494,3 k €580,8 k €776,6 k €696,9 k €
Cash76,7 k €101,5 k €139,3 k €81,5 k €127,1 k €89,4 k €59,4 k €61,8 k €283,2 k €207,2 k €
Debts305,1 k €289,6 k €340,2 k €349,1 k €298,3 k €295,6 k €413,9 k €373,6 k €583,8 k €586 k €
Other
Workforce8,3 ETP–––––8,3 ETP7,9 ETP6,8 ETP6,7 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

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

Active mandates

David Hazan

Director · since 22 juin 2023

Active
Tania Hazan

Director · since 22 juin 2023

Active

Ended mandates

DAVID HAZAN

Manager

Ended
TANIA HAZAN

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202630/06/202523/06/202429/06/202322/07/202220/08/2021
General meeting08/05/202609/05/202510/05/202412/05/202313/05/202214/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/05/202630/06/2026FrenchPDF
Abridged model31/12/202409/05/202530/06/2025FrenchPDF
Abridged model31/12/202310/05/202423/06/2024FrenchPDF
Abridged model31/12/202212/05/202329/06/2023FrenchPDF
Abridged model31/12/202113/05/202222/07/2022FrenchPDF
Abridged model31/12/202014/05/202120/08/2021FrenchPDF
Abridged model31/12/201908/05/202023/07/2020FrenchPDF
Abridged model31/12/201810/05/201925/07/2019FrenchPDF
Abridged model31/12/201711/05/201828/08/2018FrenchPDF
Abridged model31/12/201612/05/201725/08/2017FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 ended

Active mandates

David Hazan

Director · since 22 juin 2023

Active
Tania Hazan

Director · since 22 juin 2023

Active

Ended mandates

DAVID HAZAN

Manager

Ended
TANIA HAZAN

Manager

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/06/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other24/06/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025128,9 k €↓
  2. 2024
    Annual accounts 2024147,5 k €↓
  3. 2023
    Annual accounts 2023200,4 k €↑
  4. 2022
    Annual accounts 2022122,5 k €↑
  5. 2021
    Annual accounts 202156,2 k €↓
  6. 2020
    Annual accounts 202062,4 k €↑
  7. 2019
    Annual accounts 201951,2 k €↓
  8. 2018
    Annual accounts 201894,1 k €↑
  9. 2017
    Annual accounts 201781,9 k €↓
  10. 2016
    Annual accounts 2016104,7 k €
  11. 22/06/2015
    IncorporationPrivate limited company