ACTIVE

HARTWOOD

Financial year 2024 · Closed on 31/12/2024

Net result513,2 k €-26,8 %over 1 year
Revenue3,6 M €+17,8 %over 1 year
Equity95,8 M €-45,1 %over 1 year
Workforce29,1 ETP-2,7 %over 1 year

Identity

Source · BCE/KBO

HARTWOOD is a Public limited company incorporated in 2010. Its main activity is: Activities of holding companies. Its registered office is in Ixelles. It employs on average 29,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0830.011.281
Incorporation
06/10/2010
Legal form
Public limited company
Registered office
Avenue Louise 367
1050 Ixelles · BruxellesSee on map
Contributed capital
160 000,00 €
Latest accounts
31/12/2024
Average workforce
29,1 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 15 filings

Trend over 14 financial years

20242023202220212020
Income statement
Revenue3,6 M €3 M €5 M €9,2 M €8,3 M €
EBITDA-2,3 M €-3,4 M €-2,5 M €4,1 M €3,7 M €
Operating result-2,5 M €-3,7 M €-2,8 M €3,9 M €3,5 M €
Net result513,2 k €701 k €277,7 M €4,7 M €3,3 M €
Balance sheet
Equity95,8 M €174,5 M €173,8 M €6,1 M €3,5 M €
Total assets98,6 M €176,1 M €181,8 M €20,8 M €19,7 M €
Cash568,9 k €13,3 M €1,9 M €1,8 M €459,2 k €
Debts2,8 M €1,6 M €8 M €14,7 M €16,2 M €
Other
Workforce29,1 ETP29,9 ETP30,4 ETP42,5 ETP39,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 7 ended

Active mandates

Francis Joyaud

Chairman of the board of directors · since 18 avril 2024

Active
Jean-Yves Le Mouillour

Director · since 31 mars 2022 · until 18 avril 2024

Active
Jérôme Picard

Director · since 31 mars 2022 · until 18 avril 2024

Active

Ended mandates

Francis Joyaud

Chairman of the board of directors · since 31 mars 2022 · until 30 mai 2028

Ended
Jean-Yves Le Mouillour

Director · since 31 mars 2022 · until 30 mai 2028

Ended
Jérôme Picard

Managing director · since 31 mars 2022 · until 30 mai 2028

Ended
Francis JOYAUD

Chairman of the board of directors · since 31 mai 2016 · until 31 mai 2022

Ended

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Avenue Louise 367 1050 Ixelles
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1042.611.626
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AEROMEIT● Active
1033.934.579
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AJP ADVISORY● Active
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AKATSA● Active
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Full financial information

Source · NBB
202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/09/202615/09/202615/09/202607/10/202222/07/202101/07/2020
General meeting20/10/202520/12/202403/10/202302/09/202228/06/202126/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202420/10/202515/09/2026FrenchPDF
Full model31/12/202320/12/202415/09/2026FrenchPDF
Full model31/12/202203/10/202315/09/2026FrenchPDF
Full model31/12/202102/09/202207/10/2022FrenchPDF
Full model31/12/202028/06/202122/07/2021FrenchPDF
Full model31/12/201926/05/202001/07/2020FrenchPDF
Full model31/12/201828/05/201926/06/2019FrenchPDF
Full model31/12/201729/05/201820/06/2018FrenchPDF
Full model31/12/201630/05/201712/06/2017FrenchPDF
Full model31/12/201521/06/201606/07/2016FrenchPDF
Full model31/12/201410/09/201523/09/2015FrenchPDF
Full model31/12/201317/06/201411/07/2014FrenchPDF
Full model31/12/201230/08/201309/09/2013FrenchPDF
Full model31/12/201131/08/201207/09/2012FrenchPDF
Full model31/12/201018/11/201109/01/2012FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2024

3 active · 7 ended

Active mandates

Francis Joyaud

Chairman of the board of directors · since 18 avril 2024

Active
Jean-Yves Le Mouillour

Director · since 31 mars 2022 · until 18 avril 2024

Active
Jérôme Picard

Director · since 31 mars 2022 · until 18 avril 2024

Active

Ended mandates

Francis Joyaud

Chairman of the board of directors · since 31 mars 2022 · until 30 mai 2028

Ended
Jean-Yves Le Mouillour

Director · since 31 mars 2022 · until 30 mai 2028

Ended
Jérôme Picard

Managing director · since 31 mars 2022 · until 30 mai 2028

Ended
Francis JOYAUD

Chairman of the board of directors · since 31 mai 2016 · until 31 mai 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares26/06/2024
    CAPITAL, ACTIONS
    PDF
  • Capital / shares08/05/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates26/04/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/04/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/04/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/04/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring01/04/2022
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2024
    Annual accounts 2024513,2 k €↓
  2. 2023
    Annual accounts 2023701 k €↓
  3. 2022
    Annual accounts 2022277,7 M €↑
  4. 2021
    Annual accounts 20214,7 M €↑
  5. 2020
    Annual accounts 20203,3 M €↓
  6. 2019
    Annual accounts 20193,9 M €↓
  7. 2018
    Annual accounts 20185,9 M €↑
  8. 2017
    Annual accounts 20172,1 M €↑
  9. 2016
    Annual accounts 20161,3 M €↑
  10. 2015
    Annual accounts 2015504,2 k €↑
  11. 2014
    Annual accounts 2014-61,6 k €↓
  12. 2013
    Annual accounts 2013390,9 k €↓
  13. 2012
    Annual accounts 20121,2 M €↓
  14. 2011
    Annual accounts 20111,2 M €
  15. 06/10/2010
    IncorporationPublic limited company