ACTIVE

HP PHARMA

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Financial year 2025 · closed on 31/12/2025

Net result

21,2 k €

-19.2% YoY

Gross margin

78,4 k €

-24.6% YoY

Equity

391,9 k €

-11.0% YoY

What does HP PHARMA do?

HP PHARMA is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Esneux.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.578.231

Incorporation

20/02/2004

Legal form

Private limited company

Registered office

Rue de la Charrette 30
4130 Esneux · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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	78,4 k €	-24.6%	104,1 k €	-3.4%	107,7 k €	+12.6%	95,6 k €	+6.8%	89,6 k €	-20.1%	112,1 k €	+90.5%	58,8 k €	-27.5%	81,2 k €	+13.1%	71,8 k €	-4.6%	75,2 k €	+13.8%	66,1 k €	-15.5%	78,3 k €	-16.7%	94 k €	-11.5%	106,2 k €	+15.2%	92,1 k €	-2.9%	94,9 k €	+1.7%	93,3 k €	-2.4%	95,6 k €	+5.3%	90,8 k €	+64.7%	55,2 k €
EBITDA	58,1 k €	-5.6%	61,5 k €	-4.6%	64,5 k €	+18.7%	54,3 k €	-39.1%	89,2 k €	-20.0%	111,5 k €	+91.1%	58,4 k €	-27.4%	80,4 k €	+13.5%	70,8 k €	-5.4%	74,8 k €	+14.1%	65,6 k €	-15.6%	77,7 k €	-16.9%	93,5 k €	-11.5%	105,6 k €	+15.2%	91,7 k €	-2.8%	94,3 k €	+1.5%	93 k €	-1.9%	94,7 k €	+5.0%	90,2 k €	+65.4%	54,5 k €
Operating result	57,9 k €	-5.7%	61,4 k €	-4.1%	64 k €	+18.9%	53,8 k €	-39.3%	88,7 k €	-18.9%	109,5 k €	+94.4%	56,3 k €	-28.6%	78,8 k €	+11.3%	70,8 k €	-5.4%	74,8 k €	+14.1%	65,6 k €	-15.6%	77,7 k €	-16.9%	93,5 k €	-11.1%	105,2 k €	+15.3%	91,3 k €	-2.8%	94 k €	+8.0%	87 k €	-1.7%	88,5 k €	+5.4%	84 k €	+73.8%	48,3 k €
Net result	21,2 k €	-19.2%	26,3 k €	-59.2%	64,3 k €	-4.8%	67,6 k €	-16.1%	80,6 k €	+15.2%	69,9 k €	-14.3%	81,5 k €	+9.1%	74,7 k €	-6.9%	80,3 k €	+11.3%	72,2 k €	-4.0%	75,2 k €	-30.1%	107,5 k €	-6.4%	114,9 k €	+61.2%	71,3 k €	-21.4%	90,7 k €	+48.0%	61,3 k €	+24.1%	49,4 k €	+7.6%	45,9 k €	+8.9%	42,1 k €	+120%	19,1 k €
Balance sheet
Equity	391,9 k €	-11.0%	440,5 k €	-11.1%	495,8 k €	-2.1%	506,2 k €	-2.1%	516,8 k €	-17.0%	622,4 k €	-10.6%	696 k €	-22.5%	897,9 k €	+9.1%	823,2 k €	+10.5%	744,9 k €	+10.6%	673,7 k €	+12.6%	598,6 k €	+186%	209,5 k €	-48.8%	409,6 k €	+20.0%	341,3 k €	+34.6%	253,6 k €	+29.9%	195,2 k €	+31.2%	148,9 k €	+40.5%	106 k €	+47.1%	72 k €
Total assets	778,5 k €	-26.9%	1,1 M €	-2.9%	1,1 M €	-4.3%	1,1 M €	-1.5%	1,2 M €	+0.5%	1,2 M €	-0.8%	1,2 M €	+3.0%	1,1 M €	+8.2%	1 M €	-1.2%	1,1 M €	-1.1%	1,1 M €	-0.7%	1,1 M €	+0.9%	1,1 M €	+1.1%	1,1 M €	+0.1%	1,1 M €	-0.4%	1,1 M €	+0.1%	1,1 M €	-1.5%	1,1 M €	-0.6%	1,1 M €	+4.1%	1 M €
Cash	1,8 k €	+10948%	16,5 €	-99.9%	13,1 k €	-82.2%	73,4 k €	-22.4%	94,7 k €	+55.4%	60,9 k €	-23.2%	79,3 k €	+21.9%	65,1 k €	+4308%	1,5 k €	-13.8%	1,7 k €	-14.1%	2 k €	-48.3%	3,9 k €	-58.2%	9,2 k €	+1290%	662,9 €	-34.3%	1 k €	+1799%	53,1 €	-79.2%	255,2 €	-45.4%	467,1 €	+572%	69,5 €		–
Debts	366,3 k €	-39.4%	604 k €	+2.5%	589,2 k €	-5.6%	624 k €	-2.0%	636,9 k €	+20.4%	528,8 k €	+12.9%	468,4 k €	+107%	226,8 k €	+6.1%	213,8 k €	-29.5%	303,4 k €	-21.8%	387,8 k €	-17.3%	469 k €	-45.4%	858,9 k €	+32.8%	646,7 k €	-9.4%	713,7 k €	-11.4%	805,4 k €	-6.7%	863,2 k €	-6.7%	925,5 k €	-5.0%	974,7 k €	+0.9%	966,4 k €

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 31/12/2025 · 1 active

Active mandates

HUBERT PIRENNE

Manager

Active

At this address

Other companies at this address

Company	CBE no.
Galerie de Boncelles● Liquidation	0446.326.791
PIRENNE - HP● Active	0770.838.115

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	06/07/2026	10/07/2025	09/07/2024	11/07/2023	13/07/2022	06/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	06/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	10/07/2025	French	PDF
Micro model	31/12/2023	28/06/2024	09/07/2024	French	PDF
Micro model	31/12/2022	30/06/2023	11/07/2023	French	PDF
Micro model	31/12/2021	24/06/2022	13/07/2022	French	PDF
Micro model	31/12/2020	25/06/2021	06/07/2021	French	PDF
Micro model	31/12/2019	26/06/2020	03/08/2020	French	PDF
Micro model	31/12/2018	28/06/2019	31/07/2019	French	PDF
Micro model	31/12/2017	29/06/2018	22/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	23/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	09/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	12/09/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	13/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	10/07/2007	French	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 31/12/2025 · 1 active

Active mandates

HUBERT PIRENNE

Manager

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/01/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/05/2018
CAPITAL, ACTIONS
PDF
Capital / shares17/04/2014
CAPITAL, ACTIONS
PDF
Mandates23/03/2005
DEMISSIONS, NOMINATIONS
PDF
Other02/03/2004
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 202521,2 k €↓
2024
Annual accounts 202426,3 k €↓
2023
Annual accounts 202364,3 k €↓
2022
Annual accounts 202267,6 k €↓
2021
Annual accounts 202180,6 k €↑
2020
Annual accounts 202069,9 k €↓
2019
Annual accounts 201981,5 k €↑
2018
Annual accounts 201874,7 k €↓
2017
Annual accounts 201780,3 k €↑
2016
Annual accounts 201672,2 k €↓
2015
Annual accounts 201575,2 k €↓
2014
Annual accounts 2014107,5 k €↓
2013
Annual accounts 2013114,9 k €↑
2012
Annual accounts 201271,3 k €↓
2011
Annual accounts 201190,7 k €↑
2010
Annual accounts 201061,3 k €↑
2009
Annual accounts 200949,4 k €↑
2008
Annual accounts 200845,9 k €↑
2007
Annual accounts 200742,1 k €↑
2006
Annual accounts 200619,1 k €
20/02/2004
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

HP PHARMA

Overview

What does HP PHARMA 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