ACTIVE

HEMCE CONSULT

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Financial year 2025 · closed on 30/09/2025

Net result

2,3 M €

+51.5% YoY

Gross margin

138 k €

-63.4% YoY

Equity

5,1 M €

-2.9% YoY

What does HEMCE CONSULT do?

HEMCE CONSULT is a Private limited company incorporated in 2006. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.673.015

Incorporation

12/01/2006

Legal form

Private limited company

Registered office

Chaussée de Lille(OR) 504
7501 Tournai · WallonieSee on map

Contributed capital

1 067 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods 51190Passenger air transport 70200Management consultancy activities 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	138 k €	-63.4%	377,3 k €	+4.2%	362 k €	+31.6%	275 k €	+2.0%	269,6 k €	+35.4%	199,1 k €	+123%	89,2 k €	+31.4%	67,9 k €	+53.3%	44,3 k €	-56.0%	100,7 k €	-43.9%	179,6 k €	-15.4%	212,4 k €	+37.1%	154,9 k €	-8.3%	168,9 k €	-34.7%	258,8 k €	+3.0%	251,3 k €	+16.7%	215,3 k €	+4.9%	205,3 k €	+4.2%	197 k €
EBITDA	133,4 k €	-64.2%	373,1 k €	+6.9%	349,1 k €	+28.1%	272,6 k €	+2.4%	266,3 k €	+37.0%	194,4 k €	+134%	82,9 k €	+84.2%	45 k €	+385971%	-11,7 €	-100%	98,9 k €	-42.8%	173 k €	-17.3%	209,2 k €	+36.0%	153,8 k €	-4.8%	161,5 k €	-37.3%	257,7 k €	+3.6%	248,9 k €	+19.0%	209,2 k €	+2.3%	204,5 k €	+5.6%	193,7 k €
Operating result	128,3 k €	-65.1%	367,9 k €	+7.0%	343,9 k €	+31.8%	261 k €	+0.2%	260,5 k €	+41.4%	184,3 k €	+153%	72,9 k €	+108%	35 k €	+447%	-10,1 k €	-111%	94 k €	-44.9%	170,8 k €	-15.5%	202 k €	+37.9%	146,5 k €	-6.3%	156,3 k €	-38.5%	254 k €	+3.6%	245,2 k €	+17.3%	209 k €	+2.3%	204,4 k €	+5.5%	193,7 k €
Net result	2,3 M €	+51.5%	1,5 M €	-84.6%	10 M €	+5072%	194 k €	+17.1%	165,6 k €	-0.2%	165,9 k €	-88.7%	1,5 M €	+2322%	60,6 k €	+351%	-24,2 k €	-119%	129,8 k €	-16.2%	154,9 k €	+0.2%	154,7 k €	+32.4%	116,8 k €	-69.0%	376,3 k €	+112%	177,3 k €	+52.5%	116,2 k €	-29.1%	163,8 k €	+18.6%	138,2 k €	-28.8%	194 k €
Balance sheet
Equity	5,1 M €	-2.9%	5,3 M €	+41.8%	3,7 M €	+0.8%	3,7 M €	+5.6%	3,5 M €	+5.0%	3,3 M €	+5.3%	3,2 M €	+87.3%	1,7 M €	+3.7%	1,6 M €	-1.5%	1,6 M €	+8.6%	1,5 M €	+11.4%	1,4 M €	+3.4%	1,3 M €	+11.8%	1,2 M €	+46.9%	802 k €	+28.4%	624,7 k €	+22.9%	508,5 k €	+47.5%	344,6 k €	+66.9%	206,4 k €
Total assets	5,4 M €	-2.3%	5,5 M €	+9.6%	5 M €	-1.2%	5,1 M €	+2.8%	5 M €	+2.8%	4,8 M €	+2.1%	4,7 M €	+42.2%	3,3 M €	+32.9%	2,5 M €	-1.1%	2,5 M €	+5.9%	2,4 M €	+8.4%	2,2 M €	+9.2%	2 M €	+8.4%	1,9 M €	+103%	918,6 k €	+27.1%	723 k €	+22.1%	592,4 k €	+53.7%	385,4 k €	+59.6%	241,5 k €
Cash	203,2 k €	-41.3%	345,9 k €	+502%	57,5 k €	-67.8%	178,5 k €	+362%	38,6 k €	-87.9%	320,3 k €	+134%	137,1 k €	+0.4%	136,6 k €	-51.3%	280,7 k €	+49.1%	188,3 k €	+93.6%	97,2 k €	-71.0%	334,8 k €	+48.5%	225,5 k €	+212%	72,4 k €	-91.5%	855,8 k €	+30.7%	654,9 k €	+24.6%	525,7 k €	+44.8%	363,1 k €	+68.3%	215,8 k €
Debts	291,7 k €	+8.8%	268,2 k €	-79.9%	1,3 M €	-6.5%	1,4 M €	-3.8%	1,5 M €	-2.1%	1,5 M €	-4.1%	1,6 M €	-3.9%	1,6 M €	+86.4%	881,8 k €	-0.3%	884,6 k €	+1.3%	873,5 k €	+3.7%	842,4 k €	+20.1%	701,5 k €	+2.5%	684,2 k €	+487%	116,6 k €	+18.6%	98,3 k €	+17.2%	83,9 k €	+106%	40,8 k €	+16.3%	35,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2022 · 1 active

Active mandates

MICHEL CUVELIER

Manager

Active

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/05/2026	29/04/2025	28/03/2024	28/03/2023	22/03/2022	24/03/2021
General meeting	02/03/2026	03/03/2025	04/03/2024	06/03/2023	07/03/2022	01/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	02/03/2026	29/05/2026	French	PDF
Abridged model	30/09/2024	03/03/2025	29/04/2025	French	PDF
Abridged model	30/09/2023	04/03/2024	28/03/2024	French	PDF
Abridged model	30/09/2022	06/03/2023	28/03/2023	French	PDF
Abridged model	30/09/2021	07/03/2022	22/03/2022	French	PDF
Abridged model	30/09/2020	01/03/2021	24/03/2021	French	PDF
Abridged model	30/09/2019	02/03/2020	20/03/2020	French	PDF
Abridged model	30/09/2018	04/03/2019	12/04/2019	French	PDF
Abridged model	30/09/2017	05/03/2018	20/04/2018	French	PDF
Abridged model	30/09/2016	06/03/2017	22/03/2017	French	PDF
Abridged model	30/09/2015	07/03/2016	07/03/2016	French	PDF
Abridged model	30/09/2014	02/03/2015	02/03/2015	French	PDF
Abridged model	30/09/2013	03/03/2014	06/03/2014	French	PDF
Abridged model	30/09/2012	04/03/2013	12/03/2013	French	PDF
Abridged model	30/09/2011	05/03/2012	21/03/2012	French	PDF
Abridged model	30/09/2010	07/03/2011	15/03/2011	French	PDF
Abridged model	30/09/2009	01/03/2010	10/03/2010	French	PDF
Abridged model	30/09/2008	02/03/2009	29/04/2009	French	PDF
Abridged model	30/09/2007	03/03/2008	22/04/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/09/2022 · 1 active

Active mandates

MICHEL CUVELIER

Manager

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office19/08/2014
SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other26/01/2006
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 20252,3 M €↑
2024
Annual accounts 20241,5 M €↓
2023
Annual accounts 202310 M €↑
2022
Annual accounts 2022194 k €↑
2021
Annual accounts 2021165,6 k €↓
2020
Annual accounts 2020165,9 k €↓
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 201860,6 k €↑
2017
Annual accounts 2017-24,2 k €↓
2016
Annual accounts 2016129,8 k €↓
2015
Annual accounts 2015154,9 k €↑
2014
Annual accounts 2014154,7 k €↑
2013
Annual accounts 2013116,8 k €↓
2012
Annual accounts 2012376,3 k €↑
2011
Annual accounts 2011177,3 k €↑
2010
Annual accounts 2010116,2 k €↓
2009
Annual accounts 2009163,8 k €↑
2008
Annual accounts 2008138,2 k €↓
2007
Annual accounts 2007194 k €
12/01/2006
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

HEMCE CONSULT

Overview

What does HEMCE CONSULT do?

Trend over 19 financial years

Indicative valuation

Board of directors

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