ACTIVE

BELHYPERION

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Financial year 2025 · closed on 31/12/2025

Net result

166,1 M €

+186.2% YoY

Revenue

2,2 M €

+1.8% YoY

Equity

1,4 Md €

+13.2% YoY

Workforce

6,7 ETP

+31.4% YoY

What does BELHYPERION do?

BELHYPERION is a Public limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Uccle. It employs on average 6,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.369.874

Incorporation

01/12/2006

Legal form

Public limited company

Registered office

Chaussée de Ruisbroek 76
1180 Uccle · BruxellesSee on map

Contributed capital

621 307 972,65 €

Latest accounts

31/12/2025

Average workforce

6,7 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 64999Other financial service activities, except insurance and pension funding n.e.c.64999Other financial service activities, except insurance and pension funding n.e.c.65236Reinsurance

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2019		2018		2016		2015		2014		2013		2012		2011		2010		2008		2007		2006
Income statement
Revenue	2,2 M €	+1.8%	2,2 M €	+6.5%	2,0 M €	+68.2%	1,2 M €	+23.3%	976,6 k €	+401%	195,0 k €	-17.7%	237,0 k €	+26.3%	187,6 k €	+2.4%	183,2 k €	+1.7%	180,2 k €	-8.0%	195,8 k €	+1.9%	192,1 k €		–		–		–
EBITDA	-6,6 M €	-52.1%	-4,4 M €	-0.7%	-4,3 M €	-79.3%	-2,4 M €	-0.3%	-2,4 M €	-6.4%	-2,3 M €	-21.0%	-1,9 M €	+40.0%	-3,1 M €	-46.6%	-2,1 M €	-442%	-391,3 k €	-230%	302,1 k €	-32.6%	448,0 k €	+1272%	32,6 k €	-81.8%	179,3 k €		0,0 €
Operating result	-6,7 M €	-52.5%	-4,4 M €	-0.8%	-4,4 M €	-65.0%	-2,7 M €	+20.6%	-3,3 M €	-46.7%	-2,3 M €	-21.0%	-1,9 M €	+39.6%	-3,1 M €	-46.5%	-2,1 M €	-437%	-396,5 k €	-234%	296,6 k €	-32.8%	441,1 k €	+1251%	32,6 k €	-81.8%	179,3 k €	+12904%	-1,4 k €
Net result	166,1 M €	+186%	58,0 M €	-53.0%	123,5 M €	+25.5%	98,4 M €	+365%	-37,2 M €	-153%	70,2 M €	+12772%	545,6 k €	-99.2%	68,2 M €	+341%	15,5 M €	-60.8%	39,4 M €	+365%	-14,9 M €	-144%	33,8 M €	+136%	-94,8 M €	-569%	-14,2 M €	-1011987%	-1,4 k €
Balance sheet
Equity	1,4 Md €	+13.2%	1,3 Md €	+4.8%	1,2 Md €	+19.9%	1,0 Md €	+10.9%	905,8 M €	+17.4%	771,8 M €	+10.0%	701,6 M €	+0.1%	701,0 M €	+10.8%	632,8 M €	+2.5%	617,4 M €	+6.8%	577,9 M €	-2.5%	592,8 M €	+51.6%	391,0 M €	-19.5%	485,7 M €	+808093%	60,1 k €
Total assets	2,0 Md €	+14.4%	1,7 Md €	+9.8%	1,6 Md €	-3.1%	1,6 Md €	+7.6%	1,5 Md €	+10.5%	1,4 Md €	+14.0%	1,2 Md €	+0.1%	1,2 Md €	+16.9%	1,0 Md €	+3.0%	1,0 Md €	+7.1%	935,1 M €	+9.3%	855,4 M €	+50.0%	570,2 M €	+3.7%	549,6 M €	+893529%	61,5 k €
Cash	152,2 M €	+651%	20,3 M €	-84.3%	129,4 M €	+64.9%	78,5 M €	+102%	38,9 M €	-69.9%	129,1 M €	+102%	64,1 M €	+36.5%	46,9 M €	+313%	11,3 M €	+381%	2,4 M €	-78.4%	10,9 M €	+9.0%	10,0 M €	+1.8%	9,8 M €	+350%	2,2 M €	+3456%	61,5 k €
Debts	564,0 M €	+17.6%	479,6 M €	+25.4%	382,6 M €	-39.7%	634,1 M €	+2.9%	616,2 M €	+1.7%	606,1 M €	+19.6%	506,9 M €	+0.3%	505,6 M €	+26.7%	399,1 M €	+3.8%	384,5 M €	+7.6%	357,2 M €	+36.1%	262,5 M €	+46.5%	179,2 M €	+184%	63,2 M €	+4511013%	1,4 k €
Other
Workforce	6,7 ETP	+31.4%	5,1 ETP	+59.4%	3,2 ETP	+6.7%	3,0 ETP	0.0%	3,0 ETP	-26.8%	4,1 ETP	-18.0%	5,0 ETP	+2.0%	4,9 ETP	+2.1%	4,8 ETP	+9.1%	4,4 ETP	+22.2%	3,6 ETP	-21.7%	4,6 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

William BUROS

Managing director · since 16 décembre 2025 · until 30 avril 2031

Active

BTG INDUSTRIES & SANTE

Director · since 30 avril 2024 · until 30 avril 2030

Represented by Tristan LE LOUS

Active

Hervé LE LOUS

Director · since 30 avril 2024 · until 30 avril 2030

Active

Christian BAILLET

Director · since 12 mai 2023 · until 30 avril 2029

Active

Ended mandates

BTG INDUSTRIES & SANTE

Managing director · since 30 avril 2024 · until 30 avril 2030

Represented by Tristan LE LOUS

Ended

BTG INDUSTRIES & SANTE

Managing director · since 09 septembre 2019 · until 30 avril 2024

Represented by Tristan LE LOUS

Ended

Hervé LE LOUS

Director · since 09 septembre 2019 · until 30 avril 2024

Ended

Ronan Blanchard

Director · since 15 mai 2018 · until 30 avril 2024

Ended

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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	08/05/2026	21/05/2025	27/05/2024	27/07/2023	11/08/2022	12/07/2021
General meeting	30/04/2026	30/04/2025	30/04/2024	12/05/2023	17/05/2022	18/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	08/05/2026	French	PDF
Full model	31/12/2024	30/04/2025	21/05/2025	French	PDF
Full model	31/12/2023	30/04/2024	27/05/2024	French	PDF
Full modelCorrection	31/12/2022	12/05/2023	27/07/2023	French	PDF
Full model	31/12/2022	12/05/2023	30/06/2023	French	PDF
Full model	31/12/2021	17/05/2022	11/08/2022	French	PDF
Full model	31/12/2020	18/05/2021	12/07/2021	French	PDF
Full model	31/12/2019	14/05/2020	17/07/2020	French	PDF
Full model	31/12/2018	14/05/2019	09/07/2019	French	PDF
Full model	31/12/2017	15/05/2018	19/07/2018	French	PDF
Full model	31/12/2016	18/05/2017	05/07/2017	French	PDF
Full model	31/12/2015	18/05/2016	29/06/2016	French	PDF
Full model	31/12/2014	19/05/2015	10/06/2015	French	PDF
Full model	31/12/2013	21/05/2014	14/07/2014	French	PDF
Full model	31/12/2012	23/05/2013	26/06/2013	French	PDF
Full model	31/12/2011	24/05/2012	22/06/2012	French	PDF
Full model	31/12/2010	12/05/2011	30/06/2011	French	PDF
Full model	31/12/2009	05/05/2010	14/06/2010	French	PDF
Full model	31/12/2008	04/05/2009	31/08/2009	French	PDF
Full model	31/12/2007	27/05/2008	23/07/2008	French	PDF
Full model	31/12/2006	27/07/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 31/12/2025 · 4 active · 23 ended

Active mandates

William BUROS

Managing director · since 16 décembre 2025 · until 30 avril 2031

Active

BTG INDUSTRIES & SANTE

Director · since 30 avril 2024 · until 30 avril 2030

Represented by Tristan LE LOUS

Active

Hervé LE LOUS

Director · since 30 avril 2024 · until 30 avril 2030

Active

Christian BAILLET

Director · since 12 mai 2023 · until 30 avril 2029

Active

Ended mandates

BTG INDUSTRIES & SANTE

Managing director · since 30 avril 2024 · until 30 avril 2030

Represented by Tristan LE LOUS

Ended

BTG INDUSTRIES & SANTE

Managing director · since 09 septembre 2019 · until 30 avril 2024

Represented by Tristan LE LOUS

Ended

Hervé LE LOUS

Director · since 09 septembre 2019 · until 30 avril 2024

Ended

Ronan Blanchard

Director · since 15 mai 2018 · until 30 avril 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/05/2023
DEMISSIONS, NOMINATIONS
PDF
Other30/11/2022
ASSEMBLEE GENERALE
PDF
Mandates09/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates21/11/2019
DEMISSIONS, NOMINATIONS
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 2025166,1 M €↑
16/12/2025
nominationWilliam Buros — administrateur
2024
Annual accounts 202458,0 M €↓
30/04/2024
reconductionHervé Le Lous — administrateur
30/04/2024
reconductionRonan Blanchard — administrateur
30/04/2024
reconductionBTG INDUSTRIES ET SANTE — administrateur
30/04/2024
nominationMazars Réviseurs d'Entreprises SRL — commissaire
2023
Annual accounts 2023123,5 M €↑
12/05/2023
reconductionChristian Baillet — administrateur
2019
Annual accounts 201998,4 M €↑
2018
Annual accounts 2018-37,2 M €↓
2016
Annual accounts 201670,2 M €↑
2015
Annual accounts 2015545,6 k €↓
2014
Annual accounts 201468,2 M €↑
2013
Annual accounts 201315,5 M €↓
2012
Annual accounts 201239,4 M €↑
2011
Annual accounts 2011-14,9 M €↓
2010
Annual accounts 201033,8 M €↑
2008
Annual accounts 2008-94,8 M €↓
2007
Annual accounts 2007-14,2 M €↓
2006
Annual accounts 2006-1,4 k €
01/12/2006
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

BELHYPERION

Overview

What does BELHYPERION do?

Trend over 15 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