ACTIVE

HC PROJECT

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Financial year 2025 · closed on 30/09/2025

Net result

-36,2 k €

-1285.3% YoY

Gross margin

294,9 k €

+11.5% YoY

Equity

161,9 k €

-20.4% YoY

What does HC PROJECT do?

HC PROJECT is a Private limited company incorporated in 2009. Its main activity is: Joinery installation. Its registered office is in Pajottegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0820.518.644

Incorporation

13/11/2009

Legal form

Private limited company

Registered office

Herhout 59
1570 Pajottegem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	294,9 k €	+11.5%	264,4 k €	-12.3%	301,7 k €	+38.9%	217,1 k €	+72.0%	126,2 k €	+52.7%	82,7 k €	+1.3%	81,6 k €	-26.4%	110,9 k €	+57.8%	70,3 k €	+26.1%	55,7 k €	-17.3%	67,4 k €	-16.8%	81 k €	-40.1%	135,3 k €	+20.1%	112,7 k €	+77.7%	63,4 k €	+83.8%	34,5 k €
EBITDA	41,7 k €	-47.7%	79,7 k €	-24.2%	105,2 k €	+31.6%	80 k €	+17.9%	67,9 k €	+20.1%	56,5 k €	+10.6%	51,1 k €	-20.8%	64,5 k €	+9.9%	58,7 k €	+8.1%	54,3 k €	-17.5%	65,8 k €	-15.1%	77,5 k €	-41.0%	131,2 k €	+19.6%	109,7 k €	+74.1%	63 k €	+84.5%	34,1 k €
Operating result	-18,8 k €	-180%	23,4 k €	-63.9%	64,9 k €	+68.1%	38,6 k €	+30.1%	29,7 k €	+115%	13,8 k €	-21.5%	17,6 k €	-55.8%	39,7 k €	+8.7%	36,5 k €	+253%	10,3 k €	-20.5%	13 k €	-57.7%	30,8 k €	-62.1%	81,2 k €	+88.4%	43,1 k €	+1.1%	42,6 k €	+58.5%	26,9 k €
Net result	-36,2 k €	-1285%	3,1 k €	-93.0%	43,6 k €	+124%	19,4 k €	+51.1%	12,8 k €	+586%	-2,6 k €	-149%	5,4 k €	-75.6%	22,1 k €	+15.6%	19,1 k €	+497%	3,2 k €	-25.8%	4,3 k €	-83.6%	26,3 k €	+194%	8,9 k €	-69.9%	29,7 k €	+0.9%	29,5 k €	+76.6%	16,7 k €
Balance sheet
Equity	161,9 k €	-20.4%	203,5 k €	+1.5%	200,4 k €	+27.8%	156,9 k €	+14.1%	137,5 k €	+10.3%	124,6 k €	-2.1%	127,3 k €	+4.4%	121,9 k €	+22.2%	99,8 k €	+23.7%	80,6 k €	+4.1%	77,4 k €	-16.8%	93,1 k €	+39.4%	66,8 k €	-9.6%	73,8 k €	+67.4%	44,1 k €	+201%	14,6 k €
Total assets	922,1 k €	-0.8%	929,3 k €	+6.4%	873,8 k €	-5.3%	922,8 k €	+11.6%	826,7 k €	+1.0%	818,2 k €	-2.3%	837,1 k €	+108%	401,5 k €	+3.7%	387,1 k €	+11.5%	347,2 k €	-1.3%	351,8 k €	-7.0%	378,3 k €	+47.3%	256,9 k €	-21.0%	325,2 k €	+119%	148,7 k €	+86.2%	79,9 k €
Cash	81,8 k €	+42.4%	57,4 k €	-21.6%	73,2 k €	+0.8%	72,6 k €	+106%	35,2 k €	-29.0%	49,6 k €	-2.3%	50,8 k €	-4.4%	53,1 k €	+0.2%	53 k €	+11.9%	47,4 k €	-28.9%	66,6 k €	+18.4%	56,3 k €	-27.3%	77,4 k €	-15.2%	91,3 k €		–		–
Debts	760,2 k €	+4.7%	725,8 k €	+7.8%	673,3 k €	-10.2%	749,7 k €	+9.9%	682,4 k €	-1.6%	693,5 k €	-2.3%	709,9 k €	+154%	279,7 k €	-2.7%	287,3 k €	+7.8%	266,6 k €	-2.8%	274,4 k €	-3.8%	285,2 k €	+50.0%	190,1 k €	-24.4%	251,4 k €	+140%	104,6 k €	+60.4%	65,2 k €
Other
Workforce	–		3,1 ETP		–		2,2 ETP		–		–		1,0 ETP	0.0%	1,0 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 30/09/2025 · 1 active · 1 ended

Active mandates

CHRISTOPHE HERREGODS

Administrator - manager

Active

Ended mandates

CHRISTOPHE HERREGODS

Manager · since 06 novembre 2009

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	30/04/2026	29/04/2025	30/04/2024	26/04/2023	29/04/2022	30/04/2021
General meeting	20/02/2026	21/02/2025	16/02/2024	17/02/2023	18/02/2022	19/02/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	20/02/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	21/02/2025	29/04/2025	Dutch	PDF
Abridged model	30/09/2023	16/02/2024	30/04/2024	Dutch	PDF
Abridged model	30/09/2022	17/02/2023	26/04/2023	Dutch	PDF
Abridged model	30/09/2021	18/02/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	19/02/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	21/03/2020	11/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/02/2019	26/03/2019	Dutch	PDF
Abridged model	30/09/2017	16/02/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	19/02/2016	21/03/2016	Dutch	PDF
Abridged model	30/09/2014	20/02/2015	20/03/2015	Dutch	PDF
Abridged model	30/09/2013	14/04/2014	12/05/2014	Dutch	PDF
Abridged model	30/09/2012	15/02/2013	22/03/2013	Dutch	PDF
Abridged model	30/09/2011	17/02/2012	14/03/2012	Dutch	PDF
Abridged model	30/09/2010	11/02/2011	28/02/2011	Dutch	PDF

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 30/09/2025 · 1 active · 1 ended

Active mandates

CHRISTOPHE HERREGODS

Administrator - manager

Active

Ended mandates

CHRISTOPHE HERREGODS

Manager · since 06 novembre 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/09/2025
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other10/10/2014
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office28/03/2011
SIEGE SOCIAL
PDF
Other24/11/2009
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

2025
Annual accounts 2025-36,2 k €↓
2024
Annual accounts 20243,1 k €↓
2023
Annual accounts 202343,6 k €↑
2022
Annual accounts 202219,4 k €↑
2021
Annual accounts 202112,8 k €↑
2020
Annual accounts 2020-2,6 k €↓
2019
Annual accounts 20195,4 k €↓
2018
Annual accounts 201822,1 k €↑
2017
Annual accounts 201719,1 k €↑
2016
Annual accounts 20163,2 k €↓
2015
Annual accounts 20154,3 k €↓
2014
Annual accounts 201426,3 k €↑
2013
Annual accounts 20138,9 k €↓
2012
Annual accounts 201229,7 k €↑
2011
Annual accounts 201129,5 k €↑
2010
Annual accounts 201016,7 k €
13/11/2009
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

HC PROJECT

Overview

What does HC PROJECT 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