ACTIVE

L'HOURGNETTE

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Financial year 2025 · closed on 31/12/2025
Net result
616,8 k €
+6.4% YoY
Revenue
6,6 M €
+4.4% YoY
Equity
3 M €
+4.1% YoY

What does L'HOURGNETTE do?

L'HOURGNETTE is a Public limited company incorporated in 2011. Its main activity is: Construction of buildings. Its registered office is in Auderghem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0835.960.054
Incorporation
03/05/2011
Legal form
Public limited company
Registered office
Avenue Gustave Demey 66
1160 Auderghem · BruxellesSee on map
Contributed capital
2 435 750,00 €
Latest accounts
31/12/2025
Activities (NACE)
41003Construction of buildings· main41203Construction of residential and non-residential buildings
Signals
ProfitableLow riskGood liquidityPositive cashflowHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Revenue6,6 M €6,3 M €6 M €5,7 M €5 M €4,9 M €4,9 M €5,1 M €5,1 M €6,8 M €5 M €4,8 M €2,7 M €–
EBITDA-66,6 k €-81,8 k €-89,3 k €131,1 k €-58,1 k €-26,7 k €-37 k €147,2 k €267,7 k €323,5 k €316,7 k €294,4 k €1,9 M €3,9 M €
Operating result-66,6 k €-81,8 k €-89,3 k €131,1 k €-58,1 k €-26,7 k €-37 k €-110 k €-75,2 k €-19,5 k €-26,3 k €-48,5 k €1,8 M €3,9 M €
Net result616,8 k €579,7 k €590,5 k €737,5 k €591,1 k €578 k €520,7 k €430,6 k €440,2 k €410 k €339,4 k €317,3 k €423,2 k €–
Balance sheet
Equity3 M €2,9 M €2,8 M €2,7 M €2,6 M €2,6 M €2,6 M €2,6 M €3,2 M €2,8 M €2,7 M €2,5 M €2,6 M €61,5 k €
Total assets58,3 M €61 M €63,5 M €66,4 M €68,9 M €71,2 M €72,7 M €75,4 M €77,3 M €79,2 M €80,1 M €82,3 M €85,2 M €48,2 M €
Cash2,8 M €3 M €3,1 M €3,3 M €3,5 M €3,6 M €3,8 M €4,4 M €4,1 M €3,9 M €3,3 M €3,6 M €4,6 M €88,8 k €
Debts55,3 M €58,1 M €60,6 M €63,7 M €66,3 M €68,5 M €70,1 M €72,9 M €74,1 M €76,4 M €77,4 M €79,8 M €82,6 M €48,1 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

TINC

Director · since 30 mai 2023 · until 29 mai 2029 · 0894.555.972

Represented by Hanne AKKERMANS

Active
EIFFAGE SA

Director · since 02 mai 2023 · until 29 mai 2029

Represented by Fabienne MARHEM

Active
Karoy HORNYAK

Président - Administrateur Délégué · since 28 octobre 2021 · until 25 mai 2027

Active

Ended mandates

EIFFAGE SA

Director · since 30 mai 2017 · until 02 mai 2023

Represented by Loïc DORBEC

Ended
Stéphanie DOBBELAERE

Mandate · since 30 mai 2017 · until 02 mai 2023

Ended
TINC

Director · since 30 mai 2017 · until 02 mai 2023 · 0894.555.972

Represented by Manuel VANDENBULCKE

Ended
TINC

Director · since 30 mai 2017 · until 02 mai 2023 · 0894.555.972

Represented by Manuel VANDENBULCKE

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/06/202617/06/202505/06/202407/06/202321/06/202211/05/2021
General meeting26/05/202627/05/202528/05/202430/05/202331/05/202230/04/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202616/06/2026FrenchPDF
Full model31/12/202427/05/202517/06/2025FrenchPDF
Full model31/12/202328/05/202405/06/2024FrenchPDF
Full model31/12/202230/05/202307/06/2023FrenchPDF
Full model31/12/202131/05/202221/06/2022FrenchPDF
Full model31/12/202030/04/202111/05/2021FrenchPDF
Full model31/12/201930/04/202008/05/2020FrenchPDF
Full model31/12/201830/04/201928/05/2019FrenchPDF
Full model31/12/201725/04/201829/05/2018FrenchPDF
Full model31/12/201630/05/201730/06/2017FrenchPDF
Full model31/12/201502/05/201619/05/2016FrenchPDF
Full model31/12/201430/04/201522/05/2015FrenchPDF
Full model31/12/201319/06/201407/07/2014FrenchPDF
Full model31/12/201230/04/201330/05/2013FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 3 active · 16 ended

Active mandates

TINC

Director · since 30 mai 2023 · until 29 mai 2029 · 0894.555.972

Represented by Hanne AKKERMANS

Active
EIFFAGE SA

Director · since 02 mai 2023 · until 29 mai 2029

Represented by Fabienne MARHEM

Active
Karoy HORNYAK

Président - Administrateur Délégué · since 28 octobre 2021 · until 25 mai 2027

Active

Ended mandates

EIFFAGE SA

Director · since 30 mai 2017 · until 02 mai 2023

Represented by Loïc DORBEC

Ended
Stéphanie DOBBELAERE

Mandate · since 30 mai 2017 · until 02 mai 2023

Ended
TINC

Director · since 30 mai 2017 · until 02 mai 2023 · 0894.555.972

Represented by Manuel VANDENBULCKE

Ended
TINC

Director · since 30 mai 2017 · until 02 mai 2023 · 0894.555.972

Represented by Manuel VANDENBULCKE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office05/03/2026
    SIEGE SOCIAL
    PDF
  • Mandates16/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/02/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/02/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/06/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/05/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    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

Timeline

  1. 2025
    Annual accounts 2025616,8 k €↑
  2. 2024
    Annual accounts 2024579,7 k €↓
  3. 28/05/2024
    reconductionBDO REVISEURS D'ENTREPRISES SCRL — Commissaire
  4. 2023
    Annual accounts 2023590,5 k €↓
  5. 28/11/2023
    nominationHanne AKKERMANS — représentant permanent d'un Administrateur
  6. 01/09/2023
    nominationSébastien JASPAR — représentant permanent du commissaire
  7. 17/06/2023
    nominationFabienne MARHEM — représentant permanent
  8. 30/05/2023
    reconductionTINC NV — administrateur
  9. 30/05/2023
    reconductionEIFFAGE SA — administrateur
  10. 2022
    Annual accounts 2022737,5 k €↑
  11. 20/07/2022
    nominationMarc-André GENNART — représentant permanent d'un administrateur
  12. 2021
    Annual accounts 2021591,1 k €↑
  13. 2020
    Annual accounts 2020578 k €↑
  14. 2019
    Annual accounts 2019520,7 k €↑
  15. 2018
    Annual accounts 2018430,6 k €↓
  16. 2017
    Annual accounts 2017440,2 k €↑
  17. 2016
    Annual accounts 2016410 k €↑
  18. 2015
    Annual accounts 2015339,4 k €↑
  19. 2014
    Annual accounts 2014317,3 k €↓
  20. 2013
    Annual accounts 2013423,2 k €
  21. 2012
    Annual accounts 2012
  22. 03/05/2011
    IncorporationPublic limited company