ACTIVE

HDM Studiebureau

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Financial year 2024 · closed on 31/12/2024

Net result

204,3 k €

+275.2% YoY

Gross margin

508,8 k €

+40.0% YoY

Equity

609,8 k €

+50.4% YoY

Workforce

3,3 ETP

+32.0% YoY

What does HDM Studiebureau do?

HDM Studiebureau is a Private limited company incorporated in 2005. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Moorslede. It employs on average 3,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.028.495

Incorporation

25/05/2005

Legal form

Private limited company

Registered office

Heulestraat 8
8890 Moorslede · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Average workforce

3,3 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 33120Repair of machinery 33120Repair of machinery 33200Installation of industrial machinery and equipment+4

Joint committees (2)

200
20000

Signals

ProfitableSolid equityLow 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 17 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	508,8 k €	+40.0%	363,4 k €	+3.0%	352,7 k €	+59.7%	220,8 k €	+3.2%	213,9 k €	+14.0%	187,6 k €	+80.1%	104,2 k €	+53.6%	67,8 k €	-8.6%	74,2 k €	+26.7%	58,5 k €	-8.5%	63,9 k €	+18.5%	54 k €	-46.4%	100,6 k €	+15.8%	86,9 k €	+67.1%	52 k €	+61.6%	32,2 k €	-69.9%	107 k €
EBITDA	267,2 k €	+87.5%	142,5 k €	-39.0%	233,8 k €	+112%	110,5 k €	+46.2%	75,6 k €	-14.2%	88 k €	+28.8%	68,3 k €	+2.6%	66,6 k €	-8.7%	73 k €	+27.9%	57,1 k €	-7.0%	61,4 k €	+21.6%	50,5 k €	-47.6%	96,4 k €	+12.5%	85,7 k €	+82.1%	47 k €	+59.9%	29,4 k €	-71.8%	104,5 k €
Operating result	219,1 k €	+169%	81,4 k €	-58.1%	194 k €	+188%	67,3 k €	+73.9%	38,7 k €	-25.5%	52 k €	+100%	26 k €	+7.6%	24,1 k €	-38.3%	39,1 k €	+61.2%	24,3 k €	-12.2%	27,6 k €	+172%	10,1 k €	-84.2%	64,1 k €	+13.5%	56,4 k €	+284%	14,7 k €	+31.4%	11,2 k €	-84.0%	69,8 k €
Net result	204,3 k €	+275%	54,5 k €	-59.5%	134,6 k €	+263%	37 k €	+109%	17,7 k €	-26.0%	23,9 k €	+85.6%	12,9 k €	+299%	3,2 k €	-85.9%	22,8 k €	+178%	8,2 k €	+154%	3,2 k €	+127%	-12,1 k €	-128%	43,5 k €	+18.0%	36,8 k €	+2000%	1,8 k €	+101%	-127,4 k €	-539%	29 k €
Balance sheet
Equity	609,8 k €	+50.4%	405,5 k €	+15.5%	351 k €	+62.2%	216,5 k €	+163%	82,2 k €	+27.4%	64,5 k €	+58.9%	40,6 k €	+46.5%	27,7 k €	+13.2%	24,5 k €	+1391%	1,6 k €	+125%	-6,6 k €	+33.0%	-9,8 k €	-524%	2,3 k €	+106%	-41,2 k €	+47.2%	-78 k €	+2.2%	-79,7 k €	-267%	47,6 k €
Total assets	1 M €	+2.3%	1 M €	-1.8%	1 M €	+55.4%	655,8 k €	+26.0%	520,4 k €	+11.2%	467,9 k €	-3.0%	482,2 k €	+0.9%	477,9 k €	+21.2%	394,4 k €	-1.3%	399,5 k €	-25.1%	533,2 k €	+20.7%	441,6 k €	-24.9%	587,8 k €	+26.4%	464,9 k €	+17.7%	395 k €	+246%	114,2 k €	-49.6%	226,7 k €
Cash	281,7 k €	+18.3%	238,2 k €	+88.0%	126,7 k €	-1.6%	128,7 k €	+3320%	3,8 k €	-75.0%	15,1 k €	-39.8%	25,1 k €	+252%	7,1 k €	+116%	3,3 k €		–		74,5 k €	+930%	7,2 k €	-67.7%	22,4 k €	-21.3%	28,5 k €	+102%	14,1 k €	-25.0%	18,8 k €	+8.4%	17,4 k €
Debts	412,7 k €	-30.6%	594,4 k €	-11.0%	667,9 k €	+52.2%	438,8 k €	+0.1%	438,2 k €	+8.6%	403,4 k €	-8.7%	441,6 k €	-1.9%	450,3 k €	+21.7%	369,9 k €	-7.0%	397,8 k €	-26.3%	539,8 k €	+19.6%	451,4 k €	-22.9%	585,5 k €	+15.7%	506 k €	+7.0%	473 k €	+144%	194 k €	+8.3%	179,1 k €
Other
Workforce	3,3 ETP	+32.0%	2,5 ETP	+13.6%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	+33.3%	1,5 ETP	+114%	0,7 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 6 ended

Active mandates

Hannelore Foré

Director

Active

Hans Demeulenaere

Director

Active

Ended mandates

Hannelore Foré

Director · since 02 janvier 2009

Ended

Hans Demeulenaere

Director · since 18 mai 2005

Ended

Hannelore FORE

Manager

Ended

HANNELORE FORE

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
VICOPARTS● Active	0847.329.642

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/07/2025	24/07/2024	17/07/2023	12/07/2022	16/07/2021	17/06/2020
General meeting	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021	29/05/2020
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
Abridged model	31/12/2024	30/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	17/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	05/06/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	20/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	04/04/2014	07/04/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	09/09/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	31/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 2 active · 6 ended

Active mandates

Hannelore Foré

Director

Active

Hans Demeulenaere

Director

Active

Ended mandates

Hannelore Foré

Director · since 02 janvier 2009

Ended

Hans Demeulenaere

Director · since 18 mai 2005

Ended

Hannelore FORE

Manager

Ended

HANNELORE FORE

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other17/04/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/02/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other15/07/2005
DIVERSEN
PDF
Other02/06/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2024
Annual accounts 2024204,3 k €↑
2023
Annual accounts 202354,5 k €↓
2022
Annual accounts 2022134,6 k €↑
2021
Annual accounts 202137 k €↑
2018
Annual accounts 201817,7 k €↓
2017
Annual accounts 201723,9 k €↑
2016
Annual accounts 201612,9 k €↑
2015
Annual accounts 20153,2 k €↓
2014
Annual accounts 201422,8 k €↑
2013
Annual accounts 20138,2 k €↑
2012
Annual accounts 20123,2 k €↑
2011
Annual accounts 2011-12,1 k €↓
2010
Annual accounts 201043,5 k €↑
2009
Annual accounts 200936,8 k €↑
2008
Annual accounts 20081,8 k €↑
2007
Annual accounts 2007-127,4 k €↓
2006
Annual accounts 200629 k €
25/05/2005
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

HDM Studiebureau

Overview

What does HDM Studiebureau do?

Trend over 17 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