ACTIVE

NUHMA AC

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Financial year 2025 · closed on 31/12/2025

Net result

8,8 M €

-61.8% YoY

Equity

607,1 M €

-7.7% YoY

What does NUHMA AC do?

NUHMA AC is a Public limited company incorporated in 2018. Its main activity is: Activities of holding companies. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0697.972.507

Incorporation

15/06/2018

Legal form

Public limited company

Registered office

Herkenrodesingel 14
3500 Hasselt · FlandreSee on map

Contributed capital

470 197 930,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Revenue	–		–		–		138,1 k €	-77.8%	621,3 k €	+126%	275 k €		–		–
EBITDA	-158,9 k €	-667%	-20,7 k €	-4.5%	-19,8 k €	-101%	1,5 M €	+1250%	-130,5 k €	+93.4%	-2 M €	+2.9%	-2 M €	-47600%	-4,3 k €
Operating result	-163,3 k €	-651%	-21,7 k €	+8.7%	-23,8 k €	-102%	1,5 M €	+1211%	-134,7 k €	+93.2%	-2 M €	+2.9%	-2 M €	-45403%	-4,5 k €
Net result	8,8 M €	-61.8%	23 M €	+83.4%	12,5 M €	-30.9%	18,1 M €	+19.3%	15,2 M €	+149%	6,1 M €	-46.7%	11,4 M €	+139603%	8,2 k €
Balance sheet
Equity	607,1 M €	-7.7%	657,5 M €	+48.6%	442,4 M €	+21.5%	364,1 M €	+4.3%	349 M €	+2.0%	342,1 M €	+0.1%	341,7 M €	+12.1%	304,9 M €
Total assets	630,6 M €	-7.2%	679,3 M €	+49.5%	454,3 M €	+19.2%	381,3 M €	+3.5%	368,5 M €	+5.5%	349,1 M €	-1.6%	354,9 M €	+16.4%	304,9 M €
Cash	3,1 M €	-54.7%	6,8 M €	+115%	3,2 M €	-83.6%	19,3 M €	-51.8%	40,1 M €	+63.1%	24,6 M €	-6.5%	26,3 M €	+63963%	41 k €
Debts	23,5 M €	+7.6%	21,9 M €	+84.0%	11,9 M €	-31.0%	17,2 M €	-11.3%	19,4 M €	+176%	7 M €	-46.8%	13,2 M €	+102062%	12,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 41 ended

Active mandates

Bert Moyaers

Director · since 27 mai 2025 · until 27 mai 2031

Active

Danny Deneuker

Director · since 27 mai 2025 · until 27 mai 2031

Active

Dave Hendriks

Director · since 27 mai 2025 · until 27 mai 2031

Active

Jan Valgaeren

Director · since 27 mai 2025 · until 27 mai 2031

Active

Jessie De Weyer

Director · since 27 mai 2025 · until 27 mai 2031

Active

Mark Vanleeuw

Director · since 27 mai 2025 · until 27 mai 2031

Active

NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ

Managing director · since 27 mai 2025 · until 27 mai 2031 · 0472.325.068

Represented by Ludo Kelchtermans

Active

Raf Drieskens

Director · since 27 mai 2025 · until 27 mai 2031

Active

Thierry de Grunne

Director · since 27 mai 2025 · until 27 mai 2031

Active

Willy Claes

Director · since 27 mai 2025 · until 27 mai 2031

Active

Ended mandates

NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ

Managing director · since 28 mai 2024 · until 27 mai 2025 · 0472.325.068

Represented by Ludo Kelchtermans

Ended

Patrick Dewael

Director · since 18 mai 2022 · until 26 mai 2025

Ended

Patrick Dewael

Director · since 18 mai 2022 · until 27 mai 2025

Ended

Jan Valgaeren

Director · since 23 février 2022 · until 24 mai 2022

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
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	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/05/2026	02/06/2025	29/05/2024	25/05/2023	25/05/2022	02/06/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	23/05/2023	24/05/2022	25/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	27/05/2026	Dutch	PDF
m120-f-p	31/12/2025	26/05/2026	27/05/2026	Dutch	PDF
Full model	31/12/2024	27/05/2025	02/06/2025	Dutch	PDF
m120-f-p	31/12/2024	27/05/2025	02/06/2025	Dutch	PDF
Full model	31/12/2023	28/05/2024	29/05/2024	Dutch	PDF
m120-f-p	31/12/2023	28/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2022	23/05/2023	25/05/2023	Dutch	PDF
m120-f-p	31/12/2022	23/05/2023	25/05/2023	Dutch	PDF
Full model	31/12/2021	24/05/2022	25/05/2022	Dutch	PDF
m120-f-p	31/12/2021	24/05/2022	25/05/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	02/06/2021	Dutch	PDF
m120-f-p	31/12/2020	25/05/2021	02/06/2021	Dutch	PDF
Full model	31/12/2019	26/05/2020	03/06/2020	Dutch	PDF
m120-f-p	31/12/2019	26/05/2020	03/06/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	05/06/2019	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 · 10 active · 41 ended

Active mandates

Bert Moyaers

Director · since 27 mai 2025 · until 27 mai 2031

Active

Danny Deneuker

Director · since 27 mai 2025 · until 27 mai 2031

Active

Dave Hendriks

Director · since 27 mai 2025 · until 27 mai 2031

Active

Jan Valgaeren

Director · since 27 mai 2025 · until 27 mai 2031

Active

Jessie De Weyer

Director · since 27 mai 2025 · until 27 mai 2031

Active

Mark Vanleeuw

Director · since 27 mai 2025 · until 27 mai 2031

Active

NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ

Managing director · since 27 mai 2025 · until 27 mai 2031 · 0472.325.068

Represented by Ludo Kelchtermans

Active

Raf Drieskens

Director · since 27 mai 2025 · until 27 mai 2031

Active

Thierry de Grunne

Director · since 27 mai 2025 · until 27 mai 2031

Active

Willy Claes

Director · since 27 mai 2025 · until 27 mai 2031

Active

Ended mandates

NUTSBEDRIJVEN HOUDSTERMAATSCHAPPIJ

Managing director · since 28 mai 2024 · until 27 mai 2025 · 0472.325.068

Represented by Ludo Kelchtermans

Ended

Patrick Dewael

Director · since 18 mai 2022 · until 26 mai 2025

Ended

Patrick Dewael

Director · since 18 mai 2022 · until 27 mai 2025

Ended

Jan Valgaeren

Director · since 23 février 2022 · until 24 mai 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates24/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other04/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Registered office26/06/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/06/2022
ONTSLAGEN - BENOEMINGEN
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 20258,8 M €↓
26/11/2025
reconductionNuhma cv — gedelegeerd bestuurder
27/05/2025
nominationWilly Claes — bestuurder
27/05/2025
nominationThierry de Grunne — bestuurder
27/05/2025
nominationDanny Deneuker — bestuurder
27/05/2025
nominationJessie De Weyer — bestuurder
27/05/2025
nominationRaf Drieskens — bestuurder
27/05/2025
nominationDave Hendriks — bestuurder
27/05/2025
nominationBert Moyaers — bestuurder
27/05/2025
nominationJan Valgaeren — bestuurder
27/05/2025
nominationMark Vanleeuw — bestuurder
27/05/2025
nominationLudo Kelchtermans — vaste vertegenwoordiger
2024
Annual accounts 202423 M €↑
08/10/2024
augmentation_capital
08/10/2024
apport
28/05/2024
nominationNuhma cv — gedelegeerd bestuurder
28/05/2024
nominationMoore Audit BV — commissaris
2023
Annual accounts 202312,5 M €↓
2022
Annual accounts 202218,1 M €↑
18/05/2022
nominationPatrick Dewael — bestuurder
23/02/2022
nominationJan Valgaeren — bestuurder
2021
Annual accounts 202115,2 M €↑
07/07/2021
nominationMarc Schepers — bestuurder
2020
Annual accounts 20206,1 M €↓
2019
Annual accounts 201911,4 M €↑
2018
Annual accounts 20188,2 k €
15/06/2018
IncorporationPublic 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

NUHMA AC

Overview

What does NUHMA AC do?

Trend over 8 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