NORMAL SITUATION

HONESTY EXPLOITATION

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Financial year 2024 · closed on 31/12/2024
Net result
-245 k €
-162.4% YoY
Gross margin
1,2 M €
-40.8% YoY
Equity
1,2 M €
-16.5% YoY
Workforce
22,7 ETP
+0.4% YoY

Company — Normal situation.

What does HONESTY EXPLOITATION do?

HONESTY EXPLOITATION is a company registered in Belgium. It employs on average 22,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0730.800.473
Legal form
Private limited company
Contributed capital
7 654,62 €
Latest accounts
31/12/2024
Average workforce
22,7 ETP
Joint committees (1)
  • 323
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20242023202220212020
Income statement
Gross margin1,2 M €2 M €2,2 M €1,7 M €1,3 M €
EBITDA-165,9 k €695,9 k €694,8 k €482,9 k €413,2 k €
Operating result-272,7 k €532,4 k €568 k €388 k €315,1 k €
Net result-245 k €392,5 k €419,5 k €288,8 k €234,6 k €
Balance sheet
Equity1,2 M €1,5 M €1,1 M €669,1 k €440,3 k €
Total assets2,5 M €2,5 M €2,5 M €2,2 M €1,9 M €
Cash278 k €1,8 M €1,7 M €1,4 M €1,5 M €
Debts1,2 M €999 k €1,4 M €1,5 M €1,5 M €
Other
Workforce22,7 ETP22,6 ETP26,4 ETP23,0 ETP18,2 ETP
Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 2 ended

Active mandates

BE TYCOON REAL ESTATE & FINANCE

Director · since 01 janvier 2024 · 0543.510.497

Represented by Raphaël De Plaen

Active
Emeria Benelux

Director · since 01 janvier 2024 · 0758.908.204

Represented by Antoine Grenier

Active
Ludovic Guiot

Director · since 17 juillet 2019

Active

Ended mandates

Ludovic Guiot

Managing director · since 26 décembre 2023

Ended
Ludovic Guiot

Managing director · since 01 janvier 2020

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/12/202529/07/202431/10/202329/08/202222/09/202124/09/2020
General meeting31/10/202528/06/202431/08/202325/08/202231/08/202114/09/2020
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202431/10/202505/12/2025FrenchPDF
Abridged model31/12/202328/06/202429/07/2024FrenchPDF
Abridged model31/12/202231/08/202331/10/2023FrenchPDF
Abridged model31/12/202125/08/202229/08/2022FrenchPDF
Abridged model31/12/202031/08/202122/09/2021FrenchPDF
Abridged model31/12/201914/09/202024/09/2020FrenchPDF
Estimate

Indicative valuation

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 31/12/2024 · 3 active · 2 ended

Active mandates

BE TYCOON REAL ESTATE & FINANCE

Director · since 01 janvier 2024 · 0543.510.497

Represented by Raphaël De Plaen

Active
Emeria Benelux

Director · since 01 janvier 2024 · 0758.908.204

Represented by Antoine Grenier

Active
Ludovic Guiot

Director · since 17 juillet 2019

Active

Ended mandates

Ludovic Guiot

Managing director · since 26 décembre 2023

Ended
Ludovic Guiot

Managing director · since 01 janvier 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution13/01/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates06/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring18/11/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Capital / shares16/01/2025
    CAPITAL, ACTIONS
    PDF
  • Restructuring20/11/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Other15/07/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates18/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other28/12/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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. 2024
    Annual accounts 2024-245 k €↓
  2. 2024
    Name changeHONESTY EXPLOITATION
  3. 2023
    Annual accounts 2023392,5 k €↓
  4. 2022
    Annual accounts 2022419,5 k €↑
  5. 2021
    Annual accounts 2021288,8 k €↑
  6. 2021
    Name changeHONESTY 4 EXPLOITATION
  7. 2020
    Annual accounts 2020234,6 k €