ACTIVE

HD4 Services

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Financial year 2025 · closed on 31/12/2025

Net result

44,6 k €

+10.3% YoY

Gross margin

65,6 k €

+16.2% YoY

Equity

206,6 k €

+6.0% YoY

What does HD4 Services do?

HD4 Services is a Private limited company incorporated in 2010. Its main activity is: Computer consultancy activities. Its registered office is in Le Roeulx.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0828.967.839

Incorporation

02/09/2010

Legal form

Private limited company

Registered office

Drève du Petit Château(R) 47
7070 Le Roeulx · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	65,6 k €	+16.2%	56,4 k €	+48.0%	38,1 k €	-9.5%	42,1 k €	+1.5%	41,5 k €	-32.9%	61,8 k €	+12.8%	54,8 k €	+17.6%	46,5 k €	+51.7%	30,7 k €	-42.8%	53,6 k €	+9.1%	49,1 k €	-26.8%	67,1 k €	-0.3%	67,3 k €	-14.4%	78,7 k €	+4.8%	75,1 k €
EBITDA	64,4 k €	+17.3%	54,9 k €	+48.5%	37 k €	-8.8%	40,5 k €	+1.3%	40 k €	-34.1%	60,7 k €	+27.5%	47,6 k €	+5.8%	45 k €	+51.8%	29,7 k €	-36.1%	46,4 k €	-1.3%	47 k €	-28.5%	65,7 k €	+0.6%	65,4 k €	-16.4%	78,2 k €	+4.9%	74,5 k €
Operating result	62,2 k €	+19.2%	52,2 k €	+106%	25,4 k €	-12.1%	28,9 k €	+5.0%	27,5 k €	-44.5%	49,6 k €	+34.7%	36,8 k €	+1.8%	36,2 k €	+76.0%	20,5 k €	-48.0%	39,5 k €	+68.5%	23,4 k €	-52.2%	49 k €	+2.9%	47,6 k €	-31.4%	69,4 k €	+4.9%	66,1 k €
Net result	44,6 k €	+10.3%	40,5 k €	+99.0%	20,3 k €	-0.5%	20,5 k €	-9.8%	22,7 k €	-31.0%	32,9 k €	+25.6%	26,2 k €	+10.1%	23,8 k €	+80.7%	13,2 k €	-42.3%	22,8 k €	+262%	6,3 k €	-78.1%	28,8 k €	-9.6%	31,9 k €	-32.2%	47 k €	+5.4%	44,6 k €
Balance sheet
Equity	206,6 k €	+6.0%	194,9 k €	+7.9%	180,6 k €	-1.9%	184 k €	+8.5%	169,6 k €	-0.1%	169,7 k €	-22.4%	218,7 k €	-2.5%	224,4 k €	+11.9%	200,6 k €	+7.0%	187,4 k €	+13.7%	164,8 k €	+4.0%	158,5 k €	+22.2%	129,7 k €	+32.6%	97,8 k €	+92.6%	50,8 k €
Total assets	254,6 k €	+7.2%	237,4 k €	+0.6%	235,9 k €	+3.0%	229 k €	-8.0%	248,9 k €	-13.9%	289,2 k €	+8.4%	266,9 k €	+9.9%	242,9 k €	+5.6%	230 k €	-36.0%	359,6 k €	+38.2%	260,3 k €	-2.2%	266,2 k €	-1.3%	269,7 k €	+85.7%	145,3 k €	+33.2%	109,1 k €
Cash	151,3 k €	+10.4%	137,1 k €	+2.9%	133,2 k €	-3.8%	138,5 k €	-2.7%	142,3 k €	+10.1%	129,3 k €	-14.8%	151,7 k €	+5.4%	143,8 k €	+34.9%	106,6 k €	+8.8%	98 k €	+483%	16,8 k €	-64.0%	46,7 k €	-40.5%	78,5 k €	-29.1%	110,6 k €	+89.5%	58,4 k €
Debts	48 k €	+12.8%	42,6 k €	-23.1%	55,3 k €	+23.1%	44,9 k €	-43.4%	79,4 k €	-33.6%	119,6 k €	+149%	48 k €	+159%	18,5 k €	-37.1%	29,5 k €	-82.9%	172,2 k €	+80.4%	95,4 k €	-11.3%	107,6 k €	-23.1%	140 k €	+195%	47,4 k €	-18.6%	58,3 k €

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 31/12/2025 · 1 active · 2 ended

Active mandates

Hugues DELSTANCHE

Mandate

Active

Ended mandates

Hugues DELSTANCHE

Director · since 26 août 2010

Ended

Hugues DELSTANCHE

Manager · since 26 août 2010

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	19/06/2025	19/06/2024	01/06/2023	04/07/2022	31/08/2021
General meeting	28/05/2026	29/05/2025	30/05/2024	25/05/2023	26/05/2022	27/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/05/2026	24/06/2026	French	PDF
Micro model	31/12/2024	29/05/2025	19/06/2025	French	PDF
Micro model	31/12/2023	30/05/2024	19/06/2024	French	PDF
Micro model	31/12/2022	25/05/2023	01/06/2023	French	PDF
Micro model	31/12/2021	26/05/2022	04/07/2022	French	PDF
Micro model	31/12/2020	27/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	06/08/2020	16/10/2020	French	PDF
Micro model	31/12/2018	30/05/2019	31/08/2019	French	PDF
Micro model	31/12/2017	24/05/2018	30/08/2018	French	PDF
Micro model	31/12/2016	25/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	28/05/2015	02/06/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	30/07/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	26/06/2012	French	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 31/12/2025 · 1 active · 2 ended

Active mandates

Hugues DELSTANCHE

Mandate

Active

Ended mandates

Hugues DELSTANCHE

Director · since 26 août 2010

Ended

Hugues DELSTANCHE

Manager · since 26 août 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other17/02/2017
DIVERS
PDF
Registered office04/11/2013
SIEGE SOCIAL
PDF
Other06/09/2010
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 202544,6 k €↑
2024
Annual accounts 202440,5 k €↑
2023
Annual accounts 202320,3 k €↓
2022
Annual accounts 202220,5 k €↓
2021
Annual accounts 202122,7 k €↓
2020
Annual accounts 202032,9 k €↑
2019
Annual accounts 201926,2 k €↑
2018
Annual accounts 201823,8 k €↑
2017
Annual accounts 201713,2 k €↓
2016
Annual accounts 201622,8 k €↑
2015
Annual accounts 20156,3 k €↓
2014
Annual accounts 201428,8 k €↓
2013
Annual accounts 201331,9 k €↓
2012
Annual accounts 201247 k €↑
2011
Annual accounts 201144,6 k €
02/09/2010
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

HD4 Services

Overview

What does HD4 Services do?

Trend over 15 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