ACTIVE

HAZELHEARTWOOD

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Financial year 2025 · closed on 31/12/2025
Net result
2 M €
+77.4% YoY
Gross margin
5,8 M €
+7.9% YoY
Equity
1,5 M €
+187.2% YoY
Workforce
27,3 ETP
-11.7% YoY

What does HAZELHEARTWOOD do?

HAZELHEARTWOOD is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Kortenberg. It employs on average 27,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0836.783.168
Incorporation
01/06/2011
Legal form
Private limited company
Registered office
Abdijdreef 14
3070 Kortenberg · FlandreSee on map
Contributed capital
520 000,00 €
Latest accounts
31/12/2025
Average workforce
27,3 ETP
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Joint committees (3)
  • 200
  • 20000
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201920192018201720162015201420132012
Income statement
Gross margin5,8 M €5,4 M €4,4 M €3,6 M €3 M €705,5 k €1,2 M €966,1 k €840,2 k €476,9 k €362,8 k €150,5 k €119 k €-218,4 k €
EBITDA2,7 M €1,7 M €1,1 M €869,9 k €871 k €232,6 k €285,1 k €288,4 k €284,9 k €150,2 k €156 k €14,7 k €49,7 k €-224,8 k €
Operating result2,5 M €1,6 M €1 M €849,2 k €860,3 k €229,4 k €277,2 k €282,3 k €291,5 k €131 k €150,4 k €9,3 k €46,2 k €-235,1 k €
Net result2 M €1,1 M €726,9 k €593,5 k €617,6 k €157,2 k €180,9 k €173,4 k €185,4 k €99,1 k €149,2 k €9,2 k €47 k €-233,9 k €
Balance sheet
Equity1,5 M €520,5 k €1,1 M €834,5 k €774,3 k €581,7 k €937,3 k €807,4 k €808 k €760,6 k €661,5 k €458,4 k €446,1 k €396,1 k €
Total assets5,2 M €5,4 M €5,3 M €4,7 M €3,4 M €2,3 M €2,8 M €1,9 M €1,7 M €1,3 M €1 M €1,1 M €793,1 k €856,2 k €
Cash2,3 M €1,8 M €1,2 M €1,1 M €770 k €395,5 k €484,5 k €633,2 k €570,3 k €585,2 k €474,4 k €281 k €365,5 k €377 k €
Debts3,5 M €4,6 M €4 M €3,6 M €2,6 M €1,7 M €1,8 M €1 M €782,1 k €505,4 k €344,7 k €685,4 k €347 k €460,1 k €
Other
Workforce27,3 ETP30,9 ETP29,7 ETP28,0 ETP18,1 ETP10,7 ETP9,5 ETP7,6 ETP6,0 ETP3,7 ETP2,7 ETP2,0 ETP1,0 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 44 ended

Active mandates

Heartwood Holding

Associate · since 18 août 2025 · 1018.346.382

Represented by Chaïm Barbier

Active
PROCEEDING

Director · since 01 janvier 2022 · until 25 février 2025 · 0887.252.070

Represented by Marc Binnemans

Active
GINKGO Associates

Director · since 29 mars 2021 · until 25 février 2025 · 0831.313.061

Represented by Filip DIERCKX

Active
LOGIKA

Director · since 29 mars 2021 · until 25 février 2025 · 0500.490.009

Represented by Patrick De Vos

Active
GUIDO DE GREFTE

Director · since 21 novembre 2019 · until 18 août 2025 · 0474.269.721

Represented by Guido De Grefte

Active
JAMAS consulting

Director · since 21 novembre 2019 · until 18 août 2025 · 0837.383.281

Represented by Frank Grauls

Active

Ended mandates

PROCEEDING

Director · since 01 janvier 2022 · 0887.252.070

Represented by Binnemans MARC

Ended
PROCEEDING

Director · since 01 janvier 2022 · 0887.252.070

Represented by Marc BINNEMANS

Ended
PROCEEDING

Director · since 01 janvier 2022 · 0887.252.070

Represented by Marc BINNEMANS

Ended
DCM Seagull

Director · since 29 mars 2021 · until 01 janvier 2022 · 0642.931.440

Represented by Dirk COLLIER

Ended
At this address

Other companies at this address

CompanyCBE no.
EXPERIENCE@WORK● Active
0627.819.632
Heartwood Holding● Active
1018.346.382
Vrienden van het Veehof● Active
0805.861.449
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date09/06/202626/05/202504/06/202429/06/202302/06/202207/06/2021
General meeting21/05/202615/05/202515/05/202425/05/202319/05/202220/05/2021
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
Abridged model31/12/202521/05/202609/06/2026DutchPDF
Abridged model31/12/202415/05/202526/05/2025DutchPDF
Abridged model31/12/202315/05/202404/06/2024DutchPDF
Abridged model31/12/202225/05/202329/06/2023DutchPDF
Abridged model31/12/202119/05/202202/06/2022DutchPDF
Abridged model31/12/202020/05/202107/06/2021DutchPDF
Abridged model31/12/201925/05/202025/06/2020DutchPDF
Abridged model30/06/201921/11/201929/11/2019DutchPDF
Abridged model30/06/201829/11/201813/12/2018DutchPDF
Abridged modelCorrection30/06/201727/11/201725/01/2018DutchPDF
Abridged model30/06/201727/11/201722/12/2017DutchPDF
Abridged model30/06/201617/11/201609/01/2017DutchPDF
Abridged model30/06/201516/12/201521/12/2015DutchPDF
Abridged model30/06/201420/11/201405/12/2014DutchPDF
Abridged model30/06/201316/12/201319/12/2013DutchPDF
Abridged model30/06/201215/11/201223/11/2012DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 6 active · 44 ended

Active mandates

Heartwood Holding

Associate · since 18 août 2025 · 1018.346.382

Represented by Chaïm Barbier

Active
PROCEEDING

Director · since 01 janvier 2022 · until 25 février 2025 · 0887.252.070

Represented by Marc Binnemans

Active
GINKGO Associates

Director · since 29 mars 2021 · until 25 février 2025 · 0831.313.061

Represented by Filip DIERCKX

Active
LOGIKA

Director · since 29 mars 2021 · until 25 février 2025 · 0500.490.009

Represented by Patrick De Vos

Active
GUIDO DE GREFTE

Director · since 21 novembre 2019 · until 18 août 2025 · 0474.269.721

Represented by Guido De Grefte

Active
JAMAS consulting

Director · since 21 novembre 2019 · until 18 août 2025 · 0837.383.281

Represented by Frank Grauls

Active

Ended mandates

PROCEEDING

Director · since 01 janvier 2022 · 0887.252.070

Represented by Binnemans MARC

Ended
PROCEEDING

Director · since 01 janvier 2022 · 0887.252.070

Represented by Marc BINNEMANS

Ended
PROCEEDING

Director · since 01 janvier 2022 · 0887.252.070

Represented by Marc BINNEMANS

Ended
DCM Seagull

Director · since 29 mars 2021 · until 01 janvier 2022 · 0642.931.440

Represented by Dirk COLLIER

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office26/11/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares04/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates27/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares21/01/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates01/07/2021
    ONTSLAGEN - BENOEMINGEN
    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 20252 M €↑
  2. 2024
    Annual accounts 20241,1 M €↑
  3. 2023
    Annual accounts 2023726,9 k €↑
  4. 2022
    Annual accounts 2022593,5 k €↓
  5. 2022
    Name changeHazelHeartwood
  6. 2021
    Annual accounts 2021617,6 k €↑
  7. 2021
    Name changeHazel Heartwood
  8. 2019
    Annual accounts 2019157,2 k €↓
  9. 2019
    Annual accounts 2019180,9 k €↑
  10. 2018
    Annual accounts 2018173,4 k €↓
  11. 2017
    Annual accounts 2017185,4 k €↑
  12. 2016
    Annual accounts 201699,1 k €↓
  13. 2015
    Annual accounts 2015149,2 k €↑
  14. 2014
    Annual accounts 20149,2 k €↓
  15. 2013
    Annual accounts 201347 k €↑
  16. 2012
    Annual accounts 2012-233,9 k €
  17. 01/06/2011
    IncorporationPrivate limited company