ACTIVE

HQ1

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result-81,7 M €-346,4 %over 1 year
Revenue112,4 M €+1,5 %over 1 year
Equity-98,8 M €-1 359,8 %over 1 year
Workforce354,7 ETP-6,1 %over 1 year

Identity

Source · BCE/KBO

HQ1 is a Public limited company incorporated in 2019. Its main activity is: Activities of head offices. Its registered office is in Liège. It employs on average 354,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0738.871.467
Incorporation
09/12/2019
Legal form
Public limited company
Registered office
Rue des Guillemins 129
4000 Liège · WallonieSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
354,7 ETP
Joint committees (1)
  • 200
Contacts
2 public details availableLog in to view
Signals
Good liquidityPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 6 filings

Trend over 5 financial years

20252024202220212020
Income statement
Revenue112,4 M €110,7 M €46,6 M €35,3 M €24,3 M €
EBITDA62,5 M €48,3 M €3,2 M €1,9 M €469,2 k €
Operating result60,5 M €46,4 M €2,1 M €1,2 M €254 k €
Net result-81,7 M €-18,3 M €749,5 k €272,6 k €-172,3 k €
Balance sheet
Equity-98,8 M €7,8 M €1,1 M €350,3 k €77,7 k €
Total assets481,7 M €430,7 M €14,5 M €14,1 M €8,4 M €
Cash34,3 k €49,6 k €9,1 k €3,9 k €2,1 k €
Debts580,5 M €422,8 M €13,4 M €13,8 M €8,3 M €
Other
Workforce354,7 ETP377,9 ETP381,3 ETP343,9 ETP270,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
EMMANUEL MEWISSEN
Président du Conseil de Surveillance07/07/2022 → 05/06/2028Chairman of the board of directors07/07/2022 → 2022 accountsended
JEAN-CHRISTOPHE CHOFFRAY
Director07/07/2022 → 05/06/2028
Nicolas LEONARD
Managing director07/07/2022 → 07/07/2028
Sylvain BONIVER
Managing director07/07/2022 → 07/07/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
CIRCUS SERVICES0864.036.507Represented by Roland MEWISSEN
Managing director09/12/2019 → 2021 accounts
Daniel Leonard
Director09/12/2019 → 2021 accounts
STARDUWEB HOLDING0834.223.655Represented by Sylvain Boniver
Director09/12/2019 → 2021 accounts

Other companies at this address

Rue des Guillemins 129 4000 Liège
CompanyCBE no.
ALLIN1● Active
1009.334.983
ARDENT BETTING● Active
0459.573.924
ARDENT CASINO INTERNATIONAL● Active
0700.809.954
BIGB GAMING● Active
0779.530.008
CIRCUS BELGIUM● Active
0451.000.609
CIRCUS SERVICES● Active
0864.036.507
CORTEX HOLDING● Active
0555.947.679
EURO 78● Active
0423.111.426
Fondation Privée FOUNDATION1● Active
0788.196.759
FOUNDATION ALLIN1● Active
1009.343.594
GAMBLING MANAGEMENT● Active
0859.984.677
GAMBLING REAL ESTATE● Active
0700.808.271
GAMES SERVICES● Active
0423.669.076
GAMING ARDENT● Active
0667.768.487
IP Trade● Active
0473.113.837
LUCKY BET● Active
0843.750.342
Meuse Bidco● Active
0778.683.336
Meuse Finco● Active
0778.734.311
Meuse Midco● Active
0778.513.684
NAMUR CASINO RESORT● Active
0654.871.150

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202109/12/2019
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 months13 months
Filing date15/06/202626/06/202501/07/202407/07/202326/08/202231/08/2021
General meeting08/06/202610/06/202528/06/202412/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/06/202615/06/2026FrenchPDF
Full model31/12/202410/06/202526/06/2025FrenchPDF
Full model31/12/202328/06/202401/07/2024FrenchPDF
Full model31/12/202212/06/202307/07/2023FrenchPDF
Full model31/12/202130/06/202226/08/2022FrenchPDF
Full model31/12/202030/06/202131/08/2021FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

4 active · 4 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
EMMANUEL MEWISSEN
Président du Conseil de Surveillance07/07/2022 → 05/06/2028Chairman of the board of directors07/07/2022 → 2022 accountsended
JEAN-CHRISTOPHE CHOFFRAY
Director07/07/2022 → 05/06/2028
Nicolas LEONARD
Managing director07/07/2022 → 07/07/2028
Sylvain BONIVER
Managing director07/07/2022 → 07/07/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
CIRCUS SERVICES0864.036.507Represented by Roland MEWISSEN
Managing director09/12/2019 → 2021 accounts
Daniel Leonard
Director09/12/2019 → 2021 accounts
STARDUWEB HOLDING0834.223.655Represented by Sylvain Boniver
Director09/12/2019 → 2021 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates10/07/2026
    Renouvellement du mandat du commissaire
    PDF
  • Mandates13/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/05/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other21/05/2024
    OBJET
    PDF
  • Mandates02/04/2024
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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
Filings5 filings
Mandates
Sylvain BONIVER
JEAN-CHRISTOPHE CHOFFRAY
Nicolas LEONARD
EMMANUEL MEWISSEN
STARDUWEB HOLDING
CIRCUS SERVICES
Victor-Léopold BOSQUIN
Daniel Leonard
2019202020212022202320242025202620272028
HQ1
Rue des Guillemins 129, 4000 Liège
Managing director
Director
Managing director
Président du Conseil de Surveillance
Director
Managing director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue des Guillemins 129, 4000 LiègeCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00178073

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
HQ1Current
accounts 2020 → 2025
Accounts 2025 · 2026-00178073

Events

  1. 02/04/2026
    nominationMarlène BERTRAND · mandataire spécial
  2. 05/01/2026
    nominationJulie OOMS · mandataire spécial
  3. 2025
    Annual accounts 2025-81,7 M €↓
  4. 17/03/2025
    nominationSteven SCHEERS · membre du conseil de direction (Chief People & Culture Officer)
  5. 20/01/2025
    nominationYannik Bellefroid · membre du conseil de direction (Chief Public Affairs Officer)
  6. 2024
    Annual accounts 2024-18,3 M €↓
  7. 17/07/2024
    nominationCatheline DUVIVIER · mandataire spécial (ressources humaines)
  8. 17/07/2024
    nominationAnne LAMBERT · mandataire spécial (ressources humaines)
  9. 17/07/2024
    nominationJulien PETITNIOT · mandataire spécial (ressources humaines)
  10. 17/07/2024
    nominationDorian VERFAILLE · mandataire spécial (ressources humaines)
  11. 13/11/2023
    nominationMarc Verstraete · membre du conseil de direction (Chief Financial Officer)
  12. 12/10/2023
    reconductionBDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES · commissaire
  13. 15/03/2023
    nominationDidier Perez · membre du conseil de direction (Chief People Officer)
  14. 01/01/2023
    nominationJuan Pablo Covacevich · membre du conseil de direction (Chief Marketing Officer)
  15. 2022
    Annual accounts 2022749,5 k €↑
  16. 14/10/2022
    nominationBenoît Aguila · membre du conseil de direction (Chief Financial Officer)
  17. 01/09/2022
    nominationThibaut Collard · membre du conseil de direction (Chief Compliance Officer)
  18. 07/07/2022
    nominationSonia AREZKI · mandataire spécial aux fins d'accomplir, au nom et pour le compte de la société les pouvoirs spéciaux limitativement énumérés (ressources humaines)
  19. 07/07/2022
    nominationSylvain Boniver · administrateur
  20. 07/07/2022
    nominationNicolas Léonard · administrateur
  21. 07/07/2022
    nominationEmmanuel Mewissen · administrateur
  22. 07/07/2022
    nominationJean-Christophe Choffray · administrateur
  23. 2021
    Annual accounts 2021272,6 k €↑
  24. 2020
    Annual accounts 2020-172,3 k €
  25. 09/12/2019
    IncorporationPublic limited company