ACTIVE

HIPPOGONE

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Financial year 2025 · closed on 31/12/2025

Net result

541,3 k €

+16.0% YoY

Revenue

4,1 M €

+4.2% YoY

Equity

14,4 M €

+3.9% YoY

What does HIPPOGONE do?

HIPPOGONE is a Public limited company incorporated in 2006. Its main activity is: Development of building projects. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.454.422

Incorporation

12/09/2006

Legal form

Public limited company

Registered office

Chaussée de La Hulpe 120-122
1000 Bruxelles · BruxellesSee on map

Contributed capital

9 262 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 41102Development of building projects 68122Buying and selling of own real estate 70112Activities of head offices+1

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	4,1 M €	+4.2%	4 M €	+4.7%	3,8 M €	+3.3%	3,7 M €	-2.4%	3,8 M €	+0.3%	3,8 M €	+8.2%	3,5 M €	+1.4%	3,4 M €	-0.8%	3,4 M €	-21.4%	4,4 M €	+34.1%	3,3 M €	+4.9%	3,1 M €	+6.5%	2,9 M €	-24.5%	3,9 M €	+92.2%	2 M €	-32.9%	3 M €	+46.7%	2,1 M €		–		–
EBITDA	2,2 M €	+4.7%	2,1 M €	+8.1%	1,9 M €	+0.7%	1,9 M €	-15.5%	2,3 M €	-7.0%	2,4 M €	+11.7%	2,2 M €	+168%	811,4 k €	-65.4%	2,3 M €	-25.7%	3,2 M €	+40.3%	2,3 M €	+1.9%	2,2 M €	+16.3%	1,9 M €	-24.3%	2,5 M €	+79.8%	1,4 M €	-47.9%	2,7 M €	+43.8%	1,9 M €	+5786%	-32,8 k €	-68.3%	-19,5 k €
Operating result	952,3 k €	+3.9%	916,2 k €	+19.3%	767,9 k €	+3.1%	744,7 k €	-31.0%	1,1 M €	-12.0%	1,2 M €	+26.6%	969,1 k €	+0.1%	968,4 k €	-15.3%	1,1 M €	-41.7%	2 M €	+85.5%	1,1 M €	+2.1%	1 M €	+27.4%	812,1 k €	+310%	198,1 k €	-57.1%	461,4 k €	-74.1%	1,8 M €	+44.2%	1,2 M €	+3452%	-36,8 k €	-54.0%	-23,9 k €
Net result	541,3 k €	+16.0%	466,5 k €	+55.1%	300,8 k €	+326%	70,6 k €	-85.7%	493,3 k €	-8.6%	539,8 k €	+41.9%	380,4 k €	-19.4%	471,8 k €	-23.4%	615,7 k €	-64.9%	1,8 M €	+419%	-550,1 k €	+10.3%	-613,1 k €	+20.6%	-772,2 k €	+47.0%	-1,5 M €	-21.7%	-1,2 M €	-1440%	89,2 k €	+1288%	-7,5 k €	+16.0%	-8,9 k €	+62.0%	-23,5 k €
Balance sheet
Equity	14,4 M €	+3.9%	13,9 M €	+3.4%	13,4 M €	+2.3%	13,1 M €	+0.5%	13,1 M €	+3.9%	12,6 M €	+4.4%	12 M €	+3.2%	11,7 M €	+4.2%	11,2 M €	+5.8%	10,6 M €	+19.8%	8,8 M €	-5.9%	9,4 M €	-6.2%	10 M €	-7.2%	10,8 M €	+26.9%	8,5 M €	-12.4%	9,7 M €	+2.3%	9,5 M €	-0.1%	9,5 M €	-0.1%	9,5 M €
Total assets	35,3 M €	-3.9%	36,8 M €	-0.0%	36,8 M €	+16.8%	31,5 M €	-25.1%	42 M €	+3.4%	40,6 M €	-9.1%	44,7 M €	+15.4%	38,7 M €	-3.6%	40,2 M €	-1.2%	40,6 M €	+1.0%	40,2 M €	-1.2%	40,7 M €	-2.0%	41,5 M €	+1.0%	41,2 M €	+9.5%	37,6 M €	-2.4%	38,5 M €	-1.0%	38,9 M €	+27.1%	30,6 M €	+69.1%	18,1 M €
Cash	701,7 k €	+28.4%	546,7 k €	-29.0%	769,6 k €	+1.6%	757,6 k €	+446%	138,7 k €	-84.5%	893,3 k €	+212%	286,1 k €	-35.5%	443,5 k €	-59.1%	1,1 M €	-59.2%	2,7 M €	+133%	1,1 M €	+841%	120,9 k €	-90.4%	1,3 M €	+225%	388,2 k €	+203%	128,3 k €	-76.6%	547,5 k €	+718%	66,9 k €	+341%	15,2 k €	+37.0%	11,1 k €
Debts	20,8 M €	-8.7%	22,8 M €	-2.0%	23,3 M €	+27.3%	18,3 M €	-35.7%	28,4 M €	+1.4%	28 M €	-14.1%	32,6 M €	+20.8%	27 M €	-6.6%	28,9 M €	-3.6%	30 M €	-3.9%	31,2 M €	-0.2%	31,3 M €	-0.7%	31,5 M €	+3.9%	30,3 M €	+4.4%	29 M €	+0.9%	28,8 M €	-1.6%	29,2 M €	+38.3%	21,1 M €	+146%	8,6 M €

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 · 31 ended

Active mandates

Laetitia Etienne

Director · since 29 mars 2021 · until 22 avril 2027

Active

Louis de Halleux

Director · since 29 mars 2021 · until 22 avril 2027 · 0690.602.782

Represented by Louis de Halleux

Active

Ended mandates

Geoffroy Mertens

Director · since 29 mars 2021 · until 27 avril 2023 · 0835.496.533

Represented by Geoffroy Mertens de Wilmars

Ended

Geoffroy Mertens

Director · since 29 mars 2021 · until 22 avril 2027 · 0835.496.533

Represented by Geoffroy Mertens de Wilmars

Ended

Geoffroy Mertens

Director · since 29 mars 2021 · until 22 avril 2027 · 0835.496.533

Represented by Geoffroy Mertens de Wilmars

Ended

Louis de Halleux

Director · since 29 mars 2021 · until 22 avril 2027 · 0690.602.782

Represented by Louis de Halleux

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/07/2026	18/06/2025	02/05/2024	14/06/2023	17/05/2022	17/05/2021
General meeting	26/05/2026	24/04/2025	25/04/2024	27/04/2023	28/04/2022	29/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	15/07/2026	French	PDF
Full model	31/12/2024	24/04/2025	18/06/2025	French	PDF
Full model	31/12/2023	25/04/2024	02/05/2024	French	PDF
Full model	31/12/2022	27/04/2023	14/06/2023	French	PDF
Full model	31/12/2021	28/04/2022	17/05/2022	French	PDF
Full model	31/12/2020	29/03/2021	17/05/2021	French	PDF
Full model	31/12/2019	23/04/2020	25/05/2020	French	PDF
Full model	31/12/2018	25/04/2019	13/05/2019	French	PDF
Full model	31/12/2017	26/04/2018	22/05/2018	French	PDF
Full model	31/12/2016	06/06/2017	03/07/2017	French	PDF
Full model	31/12/2015	28/04/2016	18/05/2016	French	PDF
Full modelCorrection	31/12/2014	23/04/2015	10/08/2015	French	PDF
Full model	31/12/2014	23/04/2015	11/06/2015	French	PDF
Full model	31/12/2013	24/04/2014	14/05/2014	French	PDF
Full model	31/12/2012	25/04/2013	27/05/2013	French	PDF
Full model	31/12/2011	26/04/2012	30/05/2012	French	PDF
Full model	31/12/2010	28/04/2011	10/05/2011	French	PDF
Full model	31/12/2009	22/04/2010	19/05/2010	French	PDF
Full model	31/12/2008	23/04/2009	28/05/2009	French	PDF
Full model	31/12/2007	24/04/2008	21/05/2008	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 · 2 active · 31 ended

Active mandates

Laetitia Etienne

Director · since 29 mars 2021 · until 22 avril 2027

Active

Louis de Halleux

Director · since 29 mars 2021 · until 22 avril 2027 · 0690.602.782

Represented by Louis de Halleux

Active

Ended mandates

Geoffroy Mertens

Director · since 29 mars 2021 · until 27 avril 2023 · 0835.496.533

Represented by Geoffroy Mertens de Wilmars

Ended

Geoffroy Mertens

Director · since 29 mars 2021 · until 22 avril 2027 · 0835.496.533

Represented by Geoffroy Mertens de Wilmars

Ended

Geoffroy Mertens

Director · since 29 mars 2021 · until 22 avril 2027 · 0835.496.533

Represented by Geoffroy Mertens de Wilmars

Ended

Louis de Halleux

Director · since 29 mars 2021 · until 22 avril 2027 · 0690.602.782

Represented by Louis de Halleux

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/09/2024
DEMISSIONS, NOMINATIONS
PDF
Other25/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates13/08/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares22/01/2015
CAPITAL, ACTIONS
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 2025541,3 k €↑
2024
Annual accounts 2024466,5 k €↑
2023
Annual accounts 2023300,8 k €↑
2022
Annual accounts 202270,6 k €↓
2021
Annual accounts 2021493,3 k €↓
2020
Annual accounts 2020539,8 k €↑
2019
Annual accounts 2019380,4 k €↓
2018
Annual accounts 2018471,8 k €↓
2017
Annual accounts 2017615,7 k €↓
2016
Annual accounts 20161,8 M €↑
2015
Annual accounts 2015-550,1 k €↑
2014
Annual accounts 2014-613,1 k €↑
2013
Annual accounts 2013-772,2 k €↑
2012
Annual accounts 2012-1,5 M €↓
2011
Annual accounts 2011-1,2 M €↓
2010
Annual accounts 201089,2 k €↑
2009
Annual accounts 2009-7,5 k €↑
2008
Annual accounts 2008-8,9 k €↑
2007
Annual accounts 2007-23,5 k €
12/09/2006
IncorporationPublic 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

HIPPOGONE

Overview

What does HIPPOGONE do?

Trend over 19 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