ACTIVE

HS MODE

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Financial year 2025 · closed on 31/12/2025

Net result

29,6 k €

+156.9% YoY

Gross margin

351,1 k €

+7.9% YoY

Equity

428 k €

+7.4% YoY

Workforce

7,4 ETP

-19.6% YoY

What does HS MODE do?

HS MODE is a Private company with limited liability incorporated in 2003. Its main activity is: Wholesale of textiles. Its registered office is in Sankt Vith. It employs on average 7,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.889.855

Incorporation

07/07/2003

Legal form

Private company with limited liability

Registered office

Luxemburger Strasse 50
4780 Sankt Vith · WallonieSee on map

Contributed capital

80 000,00 €

Latest accounts

31/12/2025

Average workforce

7,4 ETP

Activities (NACE)

46412Wholesale of textiles· main 46412Wholesale of textiles 47716Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores 51410Air transport 52421Warehousing and support activities for transportation+3

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	351,1 k €	+7.9%	325,4 k €	+10.8%	293,7 k €	-10.4%	328 k €	+28.2%	255,8 k €	+87.9%	136,1 k €	-42.6%	237,1 k €	-4.5%	248,2 k €	+8.9%	228 k €	-5.4%	241,1 k €	-8.2%	262,7 k €	+6.3%	247 k €	+0.1%	246,8 k €	+16.5%	211,8 k €	+1.8%	208,1 k €	+0.7%	206,5 k €	-8.5%	225,7 k €	+17.2%	192,6 k €	+10.2%	174,7 k €	-11.8%	198 k €
EBITDA	74,4 k €	+29.3%	57,5 k €	+55.7%	37 k €	-39.2%	60,7 k €	+12.0%	54,2 k €	+568%	-11,6 k €	-148%	24,4 k €	-38.2%	39,4 k €	-14.0%	45,9 k €	+24.5%	36,8 k €	-58.1%	88 k €	+38.6%	63,5 k €	-12.1%	72,2 k €	+25.2%	57,7 k €	-0.9%	58,2 k €	-18.1%	71,1 k €	-13.2%	82 k €	+52.1%	53,9 k €	-3.0%	55,6 k €	-21.0%	70,3 k €
Operating result	12,5 k €	+190%	-13,9 k €	+56.5%	-32 k €	-247%	-9,2 k €	-136%	25,7 k €	+193%	-27,7 k €	-292%	14,4 k €	-51.8%	29,9 k €	-18.1%	36,5 k €	+38.3%	26,4 k €	-49.8%	52,6 k €	+423%	10,1 k €	-39.4%	16,6 k €	+22.0%	13,6 k €	-3.6%	14,1 k €	-54.4%	31 k €	-10.8%	34,7 k €	+410%	-11,2 k €	-22.6%	-9,1 k €	-263%	5,6 k €
Net result	29,6 k €	+157%	11,5 k €	+794%	-1,7 k €	-106%	26,3 k €	-57.1%	61,4 k €	+582%	-12,7 k €	-163%	20,3 k €	-57.7%	47,9 k €	+29.3%	37,1 k €	+25.8%	29,4 k €	-30.0%	42,1 k €	+219%	13,2 k €	-5.0%	13,9 k €	+59.2%	8,7 k €	+357%	1,9 k €	-76.6%	8,1 k €	-61.7%	21,2 k €	+256%	-13,6 k €	-350%	5,4 k €	-61.4%	14,1 k €
Balance sheet
Equity	428 k €	+7.4%	398,4 k €	+3.0%	386,9 k €	-0.4%	388,6 k €	+7.3%	362,2 k €	+20.4%	300,8 k €	-4.1%	313,6 k €	+6.9%	293,3 k €	+8.5%	270,4 k €	+15.9%	233,3 k €	+14.4%	203,9 k €	+26.0%	161,8 k €	+8.9%	148,6 k €	+10.3%	134,7 k €	+6.9%	126 k €	+1.5%	124,1 k €	+7.0%	116 k €	+22.4%	94,8 k €	-12.5%	108,4 k €	+5.3%	102,9 k €
Total assets	698,4 k €	+8.8%	642 k €	-10.8%	719,9 k €	-5.3%	760 k €	-0.5%	764,1 k €	+84.4%	414,4 k €	-5.7%	439,6 k €	-8.8%	481,9 k €	+12.8%	427 k €	-12.3%	486,7 k €	-1.0%	491,5 k €	-9.3%	542,2 k €	-11.8%	614,9 k €	+9.7%	560,4 k €	-11.1%	630,6 k €	+13.1%	557,4 k €	+6.2%	524,8 k €	-11.8%	595,3 k €	+3.7%	574,1 k €	+11.4%	515,1 k €
Cash	107,1 k €	+43.3%	74,7 k €	-10.8%	83,7 k €	+349%	18,6 k €	-39.4%	30,8 k €	+1140%	2,5 k €	-94.6%	45,5 k €	+1360%	3,1 k €		–		–		51,1 k €	+112%	24,1 k €	-52.8%	51,1 k €	+1163%	4 k €	-10.1%	4,5 k €		–		1,7 k €	-89.3%	16,2 k €	-40.3%	27,2 k €	-14.6%	31,9 k €
Debts	269,8 k €	+11.0%	243,2 k €	-26.7%	331,6 k €	-10.6%	370,9 k €	-7.4%	400,4 k €	+253%	113,6 k €	-9.3%	125,2 k €	-33.6%	188,6 k €	+20.4%	156,7 k €	-37.8%	252 k €	-12.2%	287,2 k €	-24.3%	379,2 k €	-18.4%	464,5 k €	+9.5%	424 k €	-15.4%	501,4 k €	+16.6%	430 k €	+5.4%	408,2 k €	-18.3%	499,9 k €	+7.5%	465 k €	+14.5%	406,1 k €
Other
Workforce	7,4 ETP	-19.6%	9,2 ETP	+5.7%	8,7 ETP	-26.9%	11,9 ETP	+0.8%	11,8 ETP	+25.5%	9,4 ETP	+10.6%	8,5 ETP	-1.2%	8,6 ETP	-6.5%	9,2 ETP	-12.4%	10,5 ETP	-3.7%	10,9 ETP	+3.8%	10,5 ETP	0.0%	10,5 ETP	+5.0%	10,0 ETP	+19.0%	8,4 ETP	+6.3%	7,9 ETP	-2.5%	8,1 ETP	+8.0%	7,5 ETP	-5.1%	7,9 ETP	-1.2%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Anuschka Haep

Director · since 03 mai 2016

Active

Elmar Haep

Director · since 27 juin 2003

Active

Karin Schaus

Director · since 27 juin 2003

Active

Ended mandates

ANUSCHKA HAEP

Manager · since 03 mai 2010 · until 03 mai 2016

Ended

ANUSCHKA HAEP

Manager · since 03 mai 2010

Ended

Anuschka HAEP

Manager · since 01 juillet 2009 · until 03 mai 2016

Ended

Elmar HAEP

Manager · since 27 juin 2003

Ended

At this address

Other companies at this address

Company	CBE no.
Biermuseum● Active	1032.314.580
Delvith● Active	0447.711.517
Kölle Zoo Belgien● Active	0755.872.104

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	27/08/2026	30/08/2025	19/08/2024	24/08/2023	25/08/2022	30/07/2021
General meeting	04/05/2026	03/05/2025	03/05/2024	03/05/2023	03/05/2022	03/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	27/08/2026	German	PDF
Abridged model	31/12/2024	03/05/2025	30/08/2025	German	PDF
Abridged model	31/12/2023	03/05/2024	19/08/2024	German	PDF
Abridged model	31/12/2022	03/05/2023	24/08/2023	German	PDF
Abridged model	31/12/2021	03/05/2022	25/08/2022	German	PDF
Abridged model	31/12/2020	03/05/2021	30/07/2021	German	PDF
Abridged model	31/12/2019	04/05/2020	21/09/2020	German	PDF
Abridged model	31/12/2018	03/05/2019	23/08/2019	German	PDF
Abridged model	31/12/2017	03/05/2018	23/07/2018	German	PDF
Abridged model	31/12/2016	03/05/2017	27/07/2017	German	PDF
Abridged model	31/12/2015	03/05/2016	21/07/2016	German	PDF
Abridged model	31/12/2014	04/05/2015	30/07/2015	German	PDF
Abridged model	31/12/2013	03/05/2014	22/08/2014	German	PDF
Abridged model	31/12/2012	03/05/2013	27/08/2013	German	PDF
Abridged model	31/12/2011	03/05/2012	26/07/2012	German	PDF
Abridged model	31/12/2010	03/05/2011	27/07/2011	German	PDF
Abridged model	31/12/2009	03/05/2010	11/08/2010	German	PDF
Abridged model	31/12/2008	04/05/2009	15/06/2009	German	PDF
Abridged model	31/12/2007	03/05/2008	17/09/2008	German	PDF
Abridged model	31/12/2006	31/03/2007	30/08/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 3 active · 8 ended

Active mandates

Anuschka Haep

Director · since 03 mai 2016

Active

Elmar Haep

Director · since 27 juin 2003

Active

Karin Schaus

Director · since 27 juin 2003

Active

Ended mandates

ANUSCHKA HAEP

Manager · since 03 mai 2010 · until 03 mai 2016

Ended

ANUSCHKA HAEP

Manager · since 03 mai 2010

Ended

Anuschka HAEP

Manager · since 01 juillet 2009 · until 03 mai 2016

Ended

Elmar HAEP

Manager · since 27 juin 2003

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/01/2022
GESELLSCHAFTSSITZ
PDF
Mandates26/09/2016
ENTLASSUNG - ERNENNUNG
PDF
Mandates28/06/2010
ENTLASSUNG - ERNENNUNG
PDF
Mandates15/09/2009
ENTLASSUNG - ERNENNUNG
PDF
Mandates28/09/2005
GESCHAEFTSJAHR - ENTLASSUNG - ERNENNUNG
PDF
Other08/08/2003
RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
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 202529,6 k €↑
2024
Annual accounts 202411,5 k €↑
2023
Annual accounts 2023-1,7 k €↓
2022
Annual accounts 202226,3 k €↓
2021
Annual accounts 202161,4 k €↑
2020
Annual accounts 2020-12,7 k €↓
2019
Annual accounts 201920,3 k €↓
2018
Annual accounts 201847,9 k €↑
2017
Annual accounts 201737,1 k €↑
2016
Annual accounts 201629,4 k €↓
2015
Annual accounts 201542,1 k €↑
2014
Annual accounts 201413,2 k €↓
2013
Annual accounts 201313,9 k €↑
2012
Annual accounts 20128,7 k €↑
2011
Annual accounts 20111,9 k €↓
2010
Annual accounts 20108,1 k €↓
2009
Annual accounts 200921,2 k €↑
2008
Annual accounts 2008-13,6 k €↓
2007
Annual accounts 20075,4 k €↓
2006
Annual accounts 200614,1 k €
07/07/2003
IncorporationPrivate company with limited liability

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

HS MODE

Overview

What does HS MODE do?

Trend over 20 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