ACTIVE

HBB

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Financial year 2025 · closed on 31/12/2025

Net result

26 k €

-90.3% YoY

Revenue

340 k €

-66.3% YoY

Equity

21,6 M €

+7.6% YoY

Workforce

0,2 ETP

-90.0% YoY

What does HBB do?

HBB is a Private limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Liège. It employs on average 0,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.594.226

Incorporation

18/04/2011

Legal form

Private limited company

Registered office

Place Xavier-Neujean 31
4000 Liège · WallonieSee on map

Contributed capital

836 000,00 €

Latest accounts

31/12/2025

Average workforce

0,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling

Joint committees (2)

20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Revenue	340 k €	-66.3%	1 M €	+4.4%	966 k €	-0.0%	966,4 k €	+0.0%	966,2 k €	+0.3%	963,2 k €	+1.6%	948,2 k €	+0.0%	948 k €	+1.6%	933,1 k €	+18.8%	785,5 k €	+20.2%	653,6 k €		–		–		–		–
EBITDA	81,5 k €	-85.7%	569,9 k €	-40.8%	962,6 k €	-11.0%	1,1 M €	+119%	493,8 k €	-10.7%	553 k €	+4.1%	531,1 k €	+44.4%	367,8 k €	-16.7%	441,7 k €	+32.6%	333 k €	-12.3%	379,9 k €	-16.9%	457,1 k €	+1.8%	448,9 k €	+18.5%	379 k €	+71.2%	221,3 k €
Operating result	32,7 k €	-93.7%	518,9 k €	-43.1%	911,1 k €	-11.6%	1 M €	+128%	451,6 k €	-8.4%	493 k €	+0.3%	491,7 k €	+40.5%	349,9 k €	-20.4%	439,5 k €	+32.0%	333 k €	-12.3%	379,9 k €	-16.5%	455,1 k €	+1.4%	448,9 k €	+18.5%	379 k €	+73.4%	218,5 k €
Net result	26 k €	-90.3%	266,7 k €	-65.3%	768,6 k €	-9.8%	852,3 k €	+122%	383,7 k €	-12.1%	436,7 k €	-0.6%	439,4 k €	-46.2%	816 k €	+194%	277,3 k €	+54.0%	180,1 k €	-62.4%	478,6 k €	+79.0%	267,4 k €	+17.4%	227,9 k €	+19.3%	190,9 k €	+120%	86,8 k €
Balance sheet
Equity	21,6 M €	+7.6%	20,1 M €	+11.2%	18,1 M €	+7.0%	16,9 M €	+23.8%	13,6 M €	+19.4%	11,4 M €	+17.3%	9,7 M €	+13.6%	8,6 M €	+23.4%	6,9 M €	+59.3%	4,4 M €	+34.0%	3,3 M €	+45.2%	2,2 M €	+26.9%	1,8 M €	+14.8%	1,5 M €	+14.2%	1,3 M €
Total assets	22 M €	+4.9%	21 M €	+8.0%	19,4 M €	+3.4%	18,8 M €	+19.2%	15,8 M €	+17.1%	13,5 M €	+9.1%	12,3 M €	+7.2%	11,5 M €	+10.9%	10,4 M €	+53.5%	6,8 M €	+14.1%	5,9 M €	+9.4%	5,4 M €	+9.1%	5 M €	+2.5%	4,8 M €	+0.1%	4,8 M €
Cash	224,6 k €	-75.5%	915,2 k €	+611%	128,8 k €	+15.7%	111,3 k €	+1110%	9,2 k €	-86.5%	67,9 k €	+82.7%	37,2 k €	+391%	7,6 k €	-26.0%	10,2 k €		–		–		11,8 k €		–		15,7 k €	-24.0%	20,6 k €
Debts	410,9 k €	-55.0%	913,3 k €	-33.7%	1,4 M €	-28.0%	1,9 M €	-10.2%	2,1 M €	+4.3%	2 M €	-21.5%	2,6 M €	-11.3%	2,9 M €	-14.4%	3,4 M €	+43.0%	2,4 M €	-9.9%	2,7 M €	-16.1%	3,2 M €	-0.8%	3,2 M €	-3.2%	3,3 M €	-4.9%	3,5 M €
Other
Workforce	0,2 ETP	-90.0%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	-47.5%	4,0 ETP	0.0%	4,0 ETP	+33.3%	3,0 ETP	+7.1%	2,8 ETP	+55.6%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	-16.7%	2,4 ETP	-7.7%	2,6 ETP	+160%	1,0 ETP	+233%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Bernard BOVEROUX

Director · since 10 mai 2023

Active

Ended mandates

Bernard Boveroux

Director · since 18 novembre 2011

Ended

Bernard Boveroux

Manager · since 18 novembre 2011

Ended

Bernard Boveroux

Manager · since 18 avril 2011

Ended

BERNARD BOVEROUX

Manager · since 08 avril 2011

Ended

At this address

Other companies at this address

Company	CBE no.
CONSULAT GENERAL D'ITALIE● Active	0855.669.662
HFB-Holding Familial Boveroux● Active	1017.589.980
LE CONSULAT● Active	0545.934.113
Manoir de la Tour● Active	0843.436.576
Tijen TASKIN● Active	0739.534.631

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/07/2026	01/07/2025	03/07/2024	04/07/2023	13/07/2022	23/06/2021
General meeting	30/06/2026	13/06/2025	14/06/2024	26/06/2023	10/06/2022	11/06/2021
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
Full model	31/12/2025	30/06/2026	15/07/2026	French	PDF
Full model	31/12/2024	13/06/2025	01/07/2025	French	PDF
Full model	31/12/2023	14/06/2024	03/07/2024	French	PDF
Full model	31/12/2022	26/06/2023	04/07/2023	French	PDF
Full model	31/12/2021	10/06/2022	13/07/2022	French	PDF
Full model	31/12/2020	11/06/2021	23/06/2021	French	PDF
Full model	31/12/2019	12/06/2020	29/06/2020	French	PDF
Full model	31/12/2018	14/06/2019	08/07/2019	French	PDF
Full model	31/12/2017	02/05/2018	13/06/2018	French	PDF
Full model	31/12/2016	09/06/2017	23/06/2017	French	PDF
Full model	31/12/2015	10/06/2016	21/06/2016	French	PDF
Abridged model	31/12/2014	12/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	13/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	28/08/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 ended

Active mandates

Bernard BOVEROUX

Director · since 10 mai 2023

Active

Ended mandates

Bernard Boveroux

Director · since 18 novembre 2011

Ended

Bernard Boveroux

Manager · since 18 novembre 2011

Ended

Bernard Boveroux

Manager · since 18 avril 2011

Ended

BERNARD BOVEROUX

Manager · since 08 avril 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/05/2023
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares18/01/2018
CAPITAL, ACTIONS
PDF
Mandates28/06/2017
DEMISSIONS, NOMINATIONS
PDF
Restructuring24/11/2014
SIEGE SOCIAL - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring05/09/2014
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other29/04/2011
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 202526 k €↓
2024
Annual accounts 2024266,7 k €↓
2023
Annual accounts 2023768,6 k €↓
2022
Annual accounts 2022852,3 k €↑
2021
Annual accounts 2021383,7 k €↓
2020
Annual accounts 2020436,7 k €↓
2019
Annual accounts 2019439,4 k €↓
2018
Annual accounts 2018816 k €↑
2017
Annual accounts 2017277,3 k €↑
2016
Annual accounts 2016180,1 k €↓
2015
Annual accounts 2015478,6 k €↑
2014
Annual accounts 2014267,4 k €↑
2013
Annual accounts 2013227,9 k €↑
2012
Annual accounts 2012190,9 k €↑
2011
Annual accounts 201186,8 k €
18/04/2011
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

HBB

Overview

What does HBB do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

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