ACTIVE

HVP

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Financial year 2025 · closed on 30/09/2025

Net result

67,4 k €

-88.5% YoY

Gross margin

102,7 k €

+54.5% YoY

Equity

4,3 M €

+1.6% YoY

What does HVP do?

HVP is a Private limited company incorporated in 2009. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0817.135.126

Incorporation

15/07/2009

Legal form

Private limited company

Registered office

Kragendijk 115 A
8300 Knokke-Heist · FlandreSee on map

Contributed capital

1 745 100,00 €

Latest accounts

30/09/2025

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	102,7 k €	+54.5%	66,5 k €	-84.7%	435,4 k €	+16.8%	372,8 k €	-3.6%	386,8 k €	+25.5%	308,2 k €	+7.7%	286,1 k €	+12965%	2,2 k €	-98.5%	141,9 k €	-69.0%	457,9 k €	+211%	147,2 k €	+1476%	9,3 k €	-93.4%	140,7 k €	+90.1%	74 k €	+42.0%	52,1 k €	+148%	21 k €
EBITDA	93,3 k €	+53.9%	60,6 k €	-80.4%	308,7 k €	-16.2%	368,5 k €	+0.1%	368,1 k €	+22.6%	300,3 k €	+6.4%	282,2 k €	+139138%	-203 €	-100%	132 k €	-70.9%	453,8 k €	+216%	143,8 k €	+6173%	2,3 k €	-98.2%	128,9 k €	+141%	53,5 k €	+397%	10,8 k €	+26.0%	8,5 k €
Operating result	69,5 k €	+244%	20,2 k €	-93.2%	295 k €	-18.7%	362,7 k €	+1.3%	358 k €	+25.4%	285,5 k €	+9.4%	260,9 k €	+1311%	-21,6 k €	-123%	95,1 k €	-77.2%	418,1 k €	+262%	115,5 k €	+583%	-23,9 k €	-121%	113,1 k €	+160%	43,5 k €	+941%	4,2 k €	0.0%	4,2 k €
Net result	67,4 k €	-88.5%	585,7 k €	+100%	292,8 k €	-17.3%	354,2 k €	+14.7%	308,7 k €	+45.0%	212,9 k €	+9.5%	194,5 k €	+813%	21,3 k €	-76.6%	91,2 k €	+106%	-1,5 M €	-1112%	145 k €	-91.6%	1,7 M €	+2481%	66,9 k €	+686%	8,5 k €	+313%	-4 k €	-942%	475 €
Balance sheet
Equity	4,3 M €	+1.6%	4,2 M €	+16.2%	3,6 M €	+6.1%	3,4 M €	+11.6%	3 M €	+11.3%	2,7 M €	+8.4%	2,5 M €	+8.3%	2,3 M €	+0.9%	2,3 M €	+4.1%	2,2 M €	-45.7%	4,1 M €	+3.7%	3,9 M €	+77.8%	2,2 M €	+3.1%	2,2 M €	+0.4%	2,1 M €	-0.2%	2,1 M €
Total assets	4,4 M €	-13.2%	5 M €	+11.3%	4,5 M €	+26.3%	3,6 M €	+3.8%	3,4 M €	-0.8%	3,5 M €	+3.2%	3,4 M €	+2.5%	3,3 M €	+0.1%	3,3 M €	+6.1%	3,1 M €	-33.2%	4,6 M €	+2.4%	4,5 M €	+44.6%	3,1 M €	-0.8%	3,2 M €	+4.2%	3 M €	+16.9%	2,6 M €
Cash	184,8 k €	-30.9%	267,4 k €	-78.5%	1,2 M €	+5.7%	1,2 M €	-10.7%	1,3 M €	+28.0%	1 M €	-8.0%	1,1 M €	+3.1%	1,1 M €	+815%	118,2 k €	-61.8%	309,4 k €	-57.6%	728,9 k €	+277%	193,1 k €	+393%	39,1 k €	-79.1%	187,1 k €	+163%	71,2 k €	+873%	7,3 k €
Debts	104,8 k €	-87.5%	837,2 k €	-8.1%	911,1 k €	+427%	172,7 k €	-55.0%	384,3 k €	-46.0%	711,2 k €	-13.4%	821,5 k €	-11.8%	930,9 k €	-0.7%	937,3 k €	+10.2%	850,5 k €	+56.0%	545,2 k €	-2.7%	560,7 k €	-38.4%	910,4 k €	-9.0%	1 M €	+13.4%	882,8 k €	+99.8%	441,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		1,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 15 ended

Active mandates

Paul Vancouillie

Director · since 27 mars 2023

Active

Ended mandates

Paul Vancouillie

Chairman of the board of directors · since 01 octobre 2023

Ended

Paul Vancouillie

Chairman of the board of directors · since 01 octobre 2022

Ended

Paul Vancouillie

Chairman of the board of directors · since 01 octobre 2021

Ended

Paul Vancouillie

Director · since 01 octobre 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/12/2025	16/01/2025	04/01/2024	22/12/2022	15/12/2021	15/12/2020
General meeting	19/11/2025	16/12/2024	19/12/2023	19/12/2022	01/12/2021	02/12/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	19/11/2025	31/12/2025	Dutch	PDF
Abridged model	30/09/2024	16/12/2024	16/01/2025	Dutch	PDF
Abridged model	30/09/2023	19/12/2023	04/01/2024	Dutch	PDF
Abridged model	30/09/2022	19/12/2022	22/12/2022	Dutch	PDF
Abridged model	30/09/2021	01/12/2021	15/12/2021	Dutch	PDF
Abridged model	30/09/2020	02/12/2020	15/12/2020	Dutch	PDF
Abridged model	30/09/2019	27/11/2019	17/12/2019	Dutch	PDF
Abridged model	30/09/2018	20/11/2018	05/12/2018	Dutch	PDF
Abridged model	30/09/2017	01/12/2017	18/12/2017	Dutch	PDF
Abridged model	30/09/2016	09/12/2016	27/12/2016	Dutch	PDF
Abridged model	30/09/2015	16/12/2015	31/12/2015	Dutch	PDF
Abridged model	30/09/2014	27/03/2015	13/04/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	01/04/2014	Dutch	PDF
Abridged model	30/09/2012	13/11/2012	05/12/2012	Dutch	PDF
Abridged model	30/09/2011	29/11/2011	10/01/2012	Dutch	PDF
Abridged model	30/09/2010	25/03/2011	28/03/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 15 ended

Active mandates

Paul Vancouillie

Director · since 27 mars 2023

Active

Ended mandates

Paul Vancouillie

Chairman of the board of directors · since 01 octobre 2023

Ended

Paul Vancouillie

Chairman of the board of directors · since 01 octobre 2022

Ended

Paul Vancouillie

Chairman of the board of directors · since 01 octobre 2021

Ended

Paul Vancouillie

Director · since 01 octobre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/06/2017
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares03/06/2016
KAPITAAL - AANDELEN
PDF
Registered office01/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other27/03/2013
ALGEMENE VERGADERING
PDF
Restructuring04/01/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office21/02/2012
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/10/2009
KAPITAAL - AANDELEN
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 202567,4 k €↓
2024
Annual accounts 2024585,7 k €↑
2023
Annual accounts 2023292,8 k €↓
2022
Annual accounts 2022354,2 k €↑
2021
Annual accounts 2021308,7 k €↑
2020
Annual accounts 2020212,9 k €↑
2019
Annual accounts 2019194,5 k €↑
2018
Annual accounts 201821,3 k €↓
2017
Annual accounts 201791,2 k €↑
2016
Annual accounts 2016-1,5 M €↓
2015
Annual accounts 2015145 k €↓
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 201366,9 k €↑
2012
Annual accounts 20128,5 k €↑
2011
Annual accounts 2011-4 k €↓
2010
Annual accounts 2010475 €
15/07/2009
IncorporationPrivate 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

HVP

Overview

What does HVP do?

Trend over 16 financial years

Indicative valuation

Board of directors

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