NORMAL SITUATION

HLC

Financial year 2025 · closed on 30/11/2025
Net result
59,9 k €
-57.1% YoY
Gross margin
71,9 k €
+36.3% YoY
Equity
1,6 M €
+3.8% YoY

Company — Normal situation.

What does HLC do?

HLC is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0824.077.455
Legal form
Private limited company
Contributed capital
6 200,00 €
Latest accounts
30/11/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin71,9 k €52,8 k €42,1 k €104,5 k €158,2 k €186,6 k €30,9 k €247,5 k €254,9 k €257,4 k €335,6 k €207,2 k €294,7 k €117,4 k €87,5 k €157,1 k €
EBITDA70,4 k €51,6 k €37,8 k €103,4 k €156,9 k €185,5 k €29,9 k €245,9 k €253,6 k €256 k €333 k €206,4 k €293,4 k €117,3 k €86,6 k €156,6 k €
Operating result70,4 k €51,6 k €19,9 k €84 k €139 k €167,6 k €11,6 k €245,3 k €252,6 k €254,4 k €330,5 k €199,9 k €285,9 k €111,4 k €80,9 k €152,8 k €
Net result59,9 k €139,6 k €10,5 k €81,9 k €98,2 k €175,4 k €-11 k €154,9 k €145,6 k €158,5 k €197,6 k €134 k €193,9 k €78,2 k €58,1 k €103,4 k €
Balance sheet
Equity1,6 M €1,6 M €1,4 M €1,4 M €1,3 M €1,2 M €1,1 M €1,1 M €1,1 M €914 k €755,5 k €557,9 k €423,8 k €245,9 k €167,7 k €109,6 k €
Total assets1,7 M €1,8 M €1,6 M €1,9 M €1,7 M €1,8 M €1,6 M €1,5 M €1,4 M €1,2 M €976,3 k €708,9 k €521 k €405,9 k €299,6 k €258,5 k €
Cash1,5 M €1,2 M €112,5 k €1,3 M €277,2 k €436,2 k €319,8 k €303,3 k €242,2 k €126,7 k €360,6 k €189,1 k €21,9 k €202,9 k €93 k €64,1 k €
Debts62,2 k €182,8 k €106,7 k €476 k €378,2 k €559,3 k €468,1 k €376,9 k €304,6 k €254,8 k €211,1 k €143,1 k €95,4 k €151 k €123 k €148,4 k €
Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 2 ended

Active mandates

Dirk Hardy

Director · since 18 mars 2010

Active

Ended mandates

Dirk Hardy

Manager · since 18 mars 2010

Ended
Dirk Hardy

Manager · since 10 mars 2010

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/11/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year11 months12 months12 months12 months12 months12 months
Filing date31/12/202523/07/202524/06/202429/06/202325/03/202222/03/2021
General meeting17/12/202530/06/202510/06/202430/03/202303/03/202212/03/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/11/202517/12/202531/12/2025DutchPDF
Micro model31/12/202430/06/202523/07/2025DutchPDF
Micro model31/12/202310/06/202424/06/2024DutchPDF
Micro model31/12/202230/03/202329/06/2023DutchPDF
Micro model31/12/202103/03/202225/03/2022DutchPDF
Micro model31/12/202012/03/202122/03/2021DutchPDF
Micro model31/12/201902/03/202004/03/2020DutchPDF
Micro model31/12/201811/06/201914/06/2019DutchPDF
Micro model31/12/201711/06/201830/08/2018DutchPDF
Micro model31/12/201612/06/201720/07/2017DutchPDF
Abridged model31/12/201513/06/201617/06/2016DutchPDF
Abridged model31/12/201408/06/201509/06/2015DutchPDF
Abridged model31/12/201309/06/201410/06/2014DutchPDF
Abridged model31/12/201210/06/201303/07/2013DutchPDF
Abridged model31/12/201111/06/201228/06/2012DutchPDF
Abridged model31/12/201013/06/201123/06/2011DutchPDF
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 30/11/2025 · 1 active · 2 ended

Active mandates

Dirk Hardy

Director · since 18 mars 2010

Active

Ended mandates

Dirk Hardy

Manager · since 18 mars 2010

Ended
Dirk Hardy

Manager · since 10 mars 2010

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202559,9 k €
  2. 2024
    Annual accounts 2024139,6 k €
  3. 2023
    Annual accounts 202310,5 k €
  4. 2022
    Annual accounts 202281,9 k €
  5. 2021
    Annual accounts 202198,2 k €
  6. 2020
    Annual accounts 2020175,4 k €
  7. 2019
    Annual accounts 2019-11 k €
  8. 2018
    Annual accounts 2018154,9 k €
  9. 2017
    Annual accounts 2017145,6 k €
  10. 2016
    Annual accounts 2016158,5 k €
  11. 2015
    Annual accounts 2015197,6 k €
  12. 2014
    Annual accounts 2014134 k €
  13. 2013
    Annual accounts 2013193,9 k €
  14. 2012
    Annual accounts 201278,2 k €
  15. 2011
    Annual accounts 201158,1 k €
  16. 2010
    Annual accounts 2010103,4 k €