ACTIVE

H.NCD

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Financial year 2025 · closed on 31/03/2025

Net result

84,8 k €

+12.0% YoY

Revenue

502,5 k €

+81.0% YoY

Equity

3,3 M €

+2.7% YoY

Workforce

3,0 ETP

+30.4% YoY

What does H.NCD do?

H.NCD is a Private limited company incorporated in 2003. Its registered office is in Brugge. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.582.821

Incorporation

11/07/2003

Legal form

Private limited company

Registered office

Boomkorstraat 8
8380 Brugge · FlandreSee on map

Contributed capital

164 000,00 €

Latest accounts

31/03/2025

Average workforce

3,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	502,5 k €	+81.0%	277,7 k €	+24.4%	223,2 k €	+2.5%	217,7 k €	+8.3%	201,0 k €	+47.6%	136,2 k €	0.0%	136,2 k €	+12.4%	121,2 k €	+9.0%	111,2 k €	-55.2%	248,0 k €	-44.1%	443,3 k €	-5.9%	471,3 k €	+6.8%	441,3 k €	+11.4%	396,3 k €		–		–		–		–
EBITDA	67,9 k €	+455%	-19,1 k €	+20.8%	-24,2 k €	-163%	38,4 k €	+59.3%	24,1 k €	+12.2%	21,5 k €	-35.9%	33,5 k €	+120%	15,3 k €	-44.7%	27,6 k €	-68.6%	87,9 k €	-62.3%	232,9 k €	-3.3%	240,8 k €	+52.0%	158,4 k €	+70.9%	92,7 k €	-28.2%	129,2 k €	+14.5%	112,8 k €	+95.1%	57,8 k €	-18.4%	70,9 k €
Operating result	29,5 k €	+170%	-42,4 k €	+8.3%	-46,2 k €	-374%	16,9 k €	+641%	2,3 k €	+841%	-308,3 €	-104%	7,2 k €	+405%	-2,4 k €	-134%	7,0 k €	-90.9%	77,0 k €	-64.6%	217,3 k €	-1.7%	221,0 k €	+58.9%	139,1 k €	+102%	68,9 k €	-37.1%	109,5 k €	+8.9%	100,5 k €	+128%	44,0 k €	-29.8%	62,8 k €
Net result	84,8 k €	+12.0%	75,6 k €	-90.5%	793,7 k €	+611%	111,6 k €	-44.8%	202,4 k €	+84.3%	109,8 k €	-8.4%	119,9 k €	+271%	32,3 k €	-79.9%	160,9 k €	-52.5%	338,8 k €	+5.6%	320,8 k €	+575%	47,5 k €	-55.4%	106,5 k €	-1.3%	107,8 k €	-11.5%	121,9 k €	+10.6%	110,2 k €	+19.4%	92,3 k €	+3.0%	89,7 k €
Balance sheet
Equity	3,3 M €	+2.7%	3,2 M €	+2.4%	3,1 M €	+17.3%	2,6 M €	+7.2%	2,5 M €	+8.9%	2,3 M €	+5.1%	2,2 M €	+5.9%	2,0 M €	+1.6%	2,0 M €	+8.7%	1,8 M €	+22.6%	1,5 M €	+23.3%	1,2 M €	+4.1%	1,2 M €	+10.0%	1,1 M €	+11.3%	955,6 k €	+14.6%	833,7 k €	+15.2%	723,5 k €	+31.7%	549,1 k €
Total assets	5,6 M €	+3.5%	5,5 M €	+21.8%	4,5 M €	+31.7%	3,4 M €	-1.3%	3,4 M €	-12.1%	3,9 M €	-1.0%	4,0 M €	-0.1%	4,0 M €	+3.7%	3,8 M €	+36.5%	2,8 M €	+10.5%	2,5 M €	-2.5%	2,6 M €	-4.2%	2,7 M €	+4.4%	2,6 M €	+1.6%	2,6 M €	+0.6%	2,5 M €	+18.9%	2,1 M €	+67.0%	1,3 M €
Cash	29,4 k €	+91.4%	15,4 k €	+124%	6,9 k €	-91.3%	79,0 k €	+103%	39,0 k €	+987%	3,6 k €	+0.8%	3,6 k €	+247%	1,0 k €	-30.4%	1,5 k €	-32.5%	2,2 k €	-96.4%	61,2 k €	-37.5%	97,9 k €	+1434%	6,4 k €	+121%	2,9 k €	-40.4%	4,8 k €	+9429%	50,8 €	-40.4%	85,2 €	-11.9%	96,8 €
Debts	2,4 M €	+4.8%	2,3 M €	+65.6%	1,4 M €	+81.9%	756,0 k €	-22.8%	978,7 k €	-40.5%	1,6 M €	-7.9%	1,8 M €	-6.5%	1,9 M €	+5.7%	1,8 M €	+88.4%	959,4 k €	-7.2%	1,0 M €	+5.9%	975,9 k €	-14.5%	1,1 M €	-6.9%	1,2 M €	-13.1%	1,4 M €	-11.0%	1,6 M €	+12.5%	1,4 M €	+94.2%	725,8 k €
Other
Workforce	3,0 ETP	+30.4%	2,3 ETP	+15.0%	2,0 ETP	0.0%	2,0 ETP	+53.8%	1,3 ETP	+62.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+14.3%	0,7 ETP	+16.7%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 3 ended

Active mandates

Dieter D'hoedt

Director

Active

Ellen D'hoedt

Director

Active

Hugo D'hoedt

Director

Active

Jocami

Director · 0449.040.912

Represented by Joost CARRON

Active

Ended mandates

Jocami

Director · since 23 avril 2019 · 0449.040.912

Represented by Joost Carron

Ended

Jocami

Manager · since 23 avril 2019 · 0449.040.912

Represented by Joost Carron

Ended

Hugo D'hoedt

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GARDEC-V.J.● Active	0428.239.558
H.NCD BEHEER● Active	0555.666.973

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/10/2025	25/10/2024	22/12/2023	14/10/2022	29/10/2021	30/10/2020
General meeting	30/09/2025	30/09/2024	24/10/2023	29/09/2022	29/09/2021	29/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	30/09/2025	27/10/2025	Dutch	PDF
Full model	31/03/2024	30/09/2024	25/10/2024	Dutch	PDF
Full model	31/03/2023	24/10/2023	22/12/2023	Dutch	PDF
Full model	31/03/2022	29/09/2022	14/10/2022	Dutch	PDF
Full model	31/03/2021	29/09/2021	29/10/2021	Dutch	PDF
Full model	31/03/2020	29/09/2020	30/10/2020	Dutch	PDF
Full model	31/03/2019	30/09/2019	24/10/2019	Dutch	PDF
Full model	31/03/2018	25/09/2018	25/10/2018	Dutch	PDF
Full model	31/03/2017	28/09/2017	19/10/2017	Dutch	PDF
Full model	31/03/2016	29/09/2016	24/10/2016	Dutch	PDF
Full model	31/03/2015	12/09/2015	09/10/2015	Dutch	PDF
Full model	31/03/2014	13/09/2014	25/09/2014	Dutch	PDF
Full model	31/03/2013	30/09/2013	25/10/2013	Dutch	PDF
Full model	31/03/2012	30/08/2012	27/09/2012	Dutch	PDF
Full model	31/03/2011	29/09/2011	26/10/2011	Dutch	PDF
Abridged model	31/03/2010	29/09/2010	26/10/2010	Dutch	PDF
Abridged model	31/03/2009	21/09/2009	15/10/2009	Dutch	PDF
Abridged model	31/03/2008	13/09/2008	30/09/2008	Dutch	PDF
Abridged model	31/03/2007	08/09/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/03/2025 · 4 active · 3 ended

Active mandates

Dieter D'hoedt

Director

Active

Ellen D'hoedt

Director

Active

Hugo D'hoedt

Director

Active

Jocami

Director · 0449.040.912

Represented by Joost CARRON

Active

Ended mandates

Jocami

Director · since 23 avril 2019 · 0449.040.912

Represented by Joost Carron

Ended

Jocami

Manager · since 23 avril 2019 · 0449.040.912

Represented by Joost Carron

Ended

Hugo D'hoedt

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other17/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates12/03/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates16/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/05/2014
KAPITAAL - AANDELEN
PDF
Restructuring05/05/2010
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/02/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares02/10/2007
KAPITAAL - AANDELEN
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 202584,8 k €↑
2024
Annual accounts 202475,6 k €↓
2023
Annual accounts 2023793,7 k €↑
2022
Annual accounts 2022111,6 k €↓
2020
Annual accounts 2020202,4 k €↑
2019
Annual accounts 2019109,8 k €↓
2018
Annual accounts 2018119,9 k €↑
2017
Annual accounts 201732,3 k €↓
2016
Annual accounts 2016160,9 k €↓
2015
Annual accounts 2015338,8 k €↑
2014
Annual accounts 2014320,8 k €↑
2013
Annual accounts 201347,5 k €↓
2012
Annual accounts 2012106,5 k €↓
2011
Annual accounts 2011107,8 k €↓
2010
Annual accounts 2010121,9 k €↑
2009
Annual accounts 2009110,2 k €↑
2008
Annual accounts 200892,3 k €↑
2007
Annual accounts 200789,7 k €
11/07/2003
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

H.NCD

Overview

What does H.NCD do?

Trend over 18 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