ACTIVE

HCServices Belgium

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Financial year 2025 · closed on 31/12/2025
Net result
13,9 k €
+122.7% YoY
Gross margin
239 k €
+52.9% YoY
Equity
458,4 k €
+3.1% YoY

What does HCServices Belgium do?

HCServices Belgium is a Public limited company incorporated in 2005. Its main activity is: Scientific research and development. Its registered office is in Namur.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0877.794.768
Incorporation
08/12/2005
Legal form
Public limited company
Registered office
Rue René Copette(VD) 14
5020 Namur · WallonieSee on map
Contributed capital
325 908,44 €
Latest accounts
31/12/2025
Activities (NACE)
72500Scientific research and development· main95100Repair of computers and communication equipment95110Repair of computers and peripheral equipment
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152009200820072006
Income statement
Gross margin239 k €156,3 k €160,2 k €110,6 k €229,9 k €75,5 k €82,9 k €24,9 k €4,3 k €14,8 k €15 k €31,5 k €21,5 k €23,2 k €-15,3 k €
EBITDA239,6 k €143,4 k €159,9 k €109,5 k €228,9 k €74,6 k €82,5 k €24,9 k €-14,1 k €12,4 k €5,6 k €27,8 k €20,5 k €1,3 k €-15,7 k €
Operating result202,5 k €133,7 k €147,8 k €98,8 k €223,9 k €72,4 k €80,7 k €23,1 k €-14,9 k €1,1 k €2,5 k €24,1 k €19,8 k €852 €-15,9 k €
Net result13,9 k €-61,3 k €-6,9 k €538 €128,1 k €29,3 k €46,4 k €8,2 k €-15,5 k €853,3 €5,5 k €15,5 k €18,4 k €-886,9 €-17,5 k €
Balance sheet
Equity458,4 k €444,5 k €505,8 k €512,7 k €512,1 k €384,1 k €354,8 k €308,4 k €300,2 k €315,8 k €314,9 k €10 k €992,5 €-17,4 k €-16,5 k €
Total assets6,3 M €6,7 M €6,2 M €6,7 M €3,8 M €2,4 M €1,6 M €1,1 M €658,3 k €684,6 k €668,3 k €43,8 k €61,9 k €19,5 k €15,9 k €
Cash–407,7 k €3,3 k €454,9 k €1 M €776 k €18,6 k €1,3 k €28,9 k €3,8 k €1,6 k €322,2 €322,2 €322,2 €2,4 k €
Debts5,8 M €6,3 M €5,7 M €6,1 M €3,2 M €2 M €1,3 M €803,5 k €358 k €368,9 k €353,3 k €26,3 k €56,5 k €35 k €32,4 k €
Other
Workforce––––––––––0,3 ETP––9,2 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 31/12/2025 · 2 active · 28 ended

Active mandates

GAMH

Director · since 16 décembre 2024 · until 26 juin 2031 · 1016.649.278

Represented by Nathalie HAMTIAUX

Active
Juan DEL ESTAD

Director · since 16 décembre 2024 · until 26 juin 2031

Active

Ended mandates

GAMH

Director · since 16 décembre 2024 · until 02 juin 2031 · 1016.649.278

Represented by Nathalie HAMTIAUX

Ended
MAGALI HANKARD - TRODOUX

Director · since 05 mai 2017

Ended
Magali Hankard-Trodoux

Director · since 05 mai 2017

Ended
MAGALI HANKARD-TRODOUX

Director · since 05 mai 2017 · until 13 janvier 2022

Ended
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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 date27/07/202623/07/202527/06/202415/07/202315/07/202213/07/2021
General meeting25/06/202602/06/202502/06/202413/06/202314/06/202208/06/2021
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 model31/12/202525/06/202627/07/2026FrenchPDF
Abridged model31/12/202402/06/202523/07/2025FrenchPDF
Abridged model31/12/202302/06/202427/06/2024FrenchPDF
Abridged model31/12/202213/06/202315/07/2023FrenchPDF
Abridged model31/12/202114/06/202215/07/2022FrenchPDF
Abridged model31/12/202008/06/202113/07/2021FrenchPDF
Abridged model31/12/201909/06/202017/07/2020FrenchPDF
Abridged model31/12/201811/06/201917/07/2019FrenchPDF
Abridged model31/12/201711/06/201830/07/2018FrenchPDF
Abridged model31/12/201613/06/201721/08/2017FrenchPDF
Abridged model31/12/201514/06/201609/08/2016FrenchPDF
Abridged model31/12/201409/06/201525/08/2015FrenchPDF
Abridged model31/12/200909/06/201026/07/2011FrenchPDF
Abridged model31/12/200809/06/200930/08/2009FrenchPDF
Abridged model31/12/200710/06/200816/07/2008FrenchPDF
Abridged model01/12/200612/06/200713/06/2007FrenchPDF
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 · 2 active · 28 ended

Active mandates

GAMH

Director · since 16 décembre 2024 · until 26 juin 2031 · 1016.649.278

Represented by Nathalie HAMTIAUX

Active
Juan DEL ESTAD

Director · since 16 décembre 2024 · until 26 juin 2031

Active

Ended mandates

GAMH

Director · since 16 décembre 2024 · until 02 juin 2031 · 1016.649.278

Represented by Nathalie HAMTIAUX

Ended
MAGALI HANKARD - TRODOUX

Director · since 05 mai 2017

Ended
Magali Hankard-Trodoux

Director · since 05 mai 2017

Ended
MAGALI HANKARD-TRODOUX

Director · since 05 mai 2017 · until 13 janvier 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/08/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - CAPITAL, ACTIONS
    PDF
  • Mandates06/02/2025
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/09/2022
    DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office30/01/2020
    SIEGE SOCIAL
    PDF
  • Mandates08/11/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/05/2017
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates02/02/2016
    DENOMINATION - SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Registered office16/10/2014
    SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    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 202513,9 k €↑
  2. 2025
    Name changeHCServices Belgium
  3. 2024
    Annual accounts 2024-61,3 k €↓
  4. 2023
    Annual accounts 2023-6,9 k €↓
  5. 2022
    Annual accounts 2022538 €↓
  6. 2022
    Name changeAzaé Belgium
  7. 2021
    Annual accounts 2021128,1 k €↑
  8. 2020
    Annual accounts 202029,3 k €↓
  9. 2019
    Annual accounts 201946,4 k €↑
  10. 2018
    Annual accounts 20188,2 k €↑
  11. 2017
    Annual accounts 2017-15,5 k €↓
  12. 2016
    Annual accounts 2016853,3 €↓
  13. 2015
    Annual accounts 20155,5 k €↓
  14. 2015
    Name changePROXY GROUP
  15. 2009
    Annual accounts 200915,5 k €↓
  16. 2008
    Annual accounts 200818,4 k €↑
  17. 2007
    Annual accounts 2007-886,9 €↑
  18. 2006
    Annual accounts 2006-17,5 k €
  19. 2006
    Name changeAXE UP
  20. 08/12/2005
    IncorporationPublic limited company