ACTIVE

HOSE

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Financial year 2025 · closed on 31/12/2025
Net result
-39,8 k €
-395.0% YoY
Gross margin
24,1 k €
-86.4% YoY
Equity
-3,5 k €
-109.6% YoY

What does HOSE do?

HOSE is a Private limited company incorporated in 2017. Its main activity is: Market research and public opinion polling. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0676.531.448
Incorporation
02/06/2017
Legal form
Private limited company
Registered office
Rue Natalis 2
4020 Liège · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
73200Market research and public opinion polling· main73200Market research and public opinion polling41101Development of building projects68121Buying and selling of own real estate
Signals
Positive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin24,1 k €177,8 k €151,6 k €203,7 k €223,4 k €129,1 k €265,8 k €274,4 k €
EBITDA4,4 k €47,3 k €36,3 k €40,4 k €50,3 k €26,1 k €37,4 k €20 k €
Operating result-19,6 k €23,1 k €3 k €14,8 k €29,6 k €15,2 k €26,6 k €16,7 k €
Net result-39,8 k €13,5 k €1,1 k €9 k €23,2 k €14,2 k €13,5 k €6,6 k €
Balance sheet
Equity-3,5 k €36,3 k €22,8 k €21,7 k €20,7 k €17,5 k €13,3 k €7,8 k €
Total assets475,9 k €653,3 k €332,2 k €226,9 k €259,3 k €131,1 k €188,7 k €232,6 k €
Cash0 €0 €8,1 k €12,5 k €31,1 k €18,5 k €12,6 k €536,6 €
Debts471,7 k €613,9 k €309,4 k €204,8 k €224,5 k €113,6 k €175,4 k €197,4 k €
Other
Workforce–2,0 ETP2,0 ETP1,0 ETP3,0 ETP3,0 ETP3,0 ETP2,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 13 ended

Active mandates

Claude DI FRANCO

Administrator - manager

Active
HORIZON CONSTRUCT

Managing director · 0865.493.881

Represented by Laurent MINGUET

Active
Invest Minguet Gestion

Administrator - manager · 0472.499.470

Represented by Florent Minguet

Active
Jean-Claude GIERKENS

Administrator - manager

Active

Ended mandates

HORIZON CONSTRUCT

Administrator - manager · since 31 décembre 2021 · 0865.493.881

Represented by LAURENT MINGUET

Ended
Invest Minguet Gestion

Administrator - manager · since 31 décembre 2021 · 0472.499.470

Represented by FLORENT MINGUET

Ended
Invest Minguet Gestion

Manager · since 06 août 2018 · until 05 août 2024 · 0472.499.470

Ended
Invest Minguet Gestion

Administrator - manager · since 06 août 2018 · until 06 août 2024 · 0472.499.470

Ended
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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 date28/08/202629/08/202530/08/202405/09/202324/08/202226/08/2021
General meeting15/06/202619/06/202517/06/202419/06/202320/06/202221/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202628/08/2026FrenchPDF
Abridged model31/12/202419/06/202529/08/2025FrenchPDF
Abridged model31/12/202317/06/202430/08/2024FrenchPDF
Abridged model31/12/202219/06/202305/09/2023FrenchPDF
Abridged model31/12/202120/06/202224/08/2022FrenchPDF
Abridged model31/12/202021/06/202126/08/2021FrenchPDF
Abridged model31/12/201915/06/202030/09/2020FrenchPDF
Abridged model31/12/201817/06/201929/08/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 4 active · 13 ended

Active mandates

Claude DI FRANCO

Administrator - manager

Active
HORIZON CONSTRUCT

Managing director · 0865.493.881

Represented by Laurent MINGUET

Active
Invest Minguet Gestion

Administrator - manager · 0472.499.470

Represented by Florent Minguet

Active
Jean-Claude GIERKENS

Administrator - manager

Active

Ended mandates

HORIZON CONSTRUCT

Administrator - manager · since 31 décembre 2021 · 0865.493.881

Represented by LAURENT MINGUET

Ended
Invest Minguet Gestion

Administrator - manager · since 31 décembre 2021 · 0472.499.470

Represented by FLORENT MINGUET

Ended
Invest Minguet Gestion

Manager · since 06 août 2018 · until 05 août 2024 · 0472.499.470

Ended
Invest Minguet Gestion

Administrator - manager · since 06 août 2018 · until 06 août 2024 · 0472.499.470

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/09/2018
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/06/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/06/2017
    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 2025-39,8 k €↓
  2. 2024
    Annual accounts 202413,5 k €↑
  3. 2023
    Annual accounts 20231,1 k €↓
  4. 2022
    Annual accounts 20229 k €↓
  5. 2021
    Annual accounts 202123,2 k €↑
  6. 2020
    Annual accounts 202014,2 k €↑
  7. 2019
    Annual accounts 201913,5 k €↑
  8. 2018
    Annual accounts 20186,6 k €
  9. 02/06/2017
    IncorporationPrivate limited company