ACTIVE

HRFLEX

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Financial year 2025 · closed on 31/12/2025

Net result

30,3 k €

-6.0% YoY

Gross margin

46,3 k €

-5.9% YoY

Equity

12 k €

-30.6% YoY

What does HRFLEX do?

HRFLEX is a Private limited company incorporated in 2007. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Gingelom.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.506.835

Incorporation

29/03/2007

Legal form

Private limited company

Registered office

Drie Tombenstraat 3
3890 Gingelom · FlandreSee on map

Contributed capital

10 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

63100Data processing, hosting and related activities; web portals· main 63110Data processing, hosting and related activities 72300Scientific research and development 18140Binding and related services 18140Binding and related services 22230Manufacture of builders’ ware of plastic

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableLow riskPositive cashflowPositive EBITDA

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
Gross margin	46,3 k €	-5.9%	49,2 k €	+64.9%	29,8 k €	-50.5%	60,3 k €	-52.9%	128,1 k €	-68.4%	405,2 k €	-15.6%	480,1 k €	+29.2%	371,6 k €	+53.3%	242,4 k €	+159%	93,6 k €	+194%	31,8 k €	+484%	5,5 k €	-83.3%	32,7 k €	+123%	14,6 k €	-63.9%	40,6 k €	+17.9%	34,4 k €	-22.3%	44,3 k €	+50.8%	29,4 k €	+33.9%	21,9 k €
EBITDA	45,8 k €	-5.1%	48,3 k €	+70.2%	28,4 k €	-51.3%	58,2 k €	+290%	14,9 k €	+173%	-20,4 k €	+62.0%	-53,8 k €	-235%	39,7 k €	-5.0%	41,8 k €	+124%	18,6 k €	+3.4%	18 k €	+596%	2,6 k €	-91.6%	30,7 k €	+153%	12,1 k €	-69.0%	39,2 k €	+19.9%	32,7 k €	-15.1%	38,5 k €	+33.0%	28,9 k €	+44.1%	20,1 k €
Operating result	43,3 k €	-6.7%	46,4 k €	+73.3%	26,8 k €	-51.9%	55,6 k €	+372%	11,8 k €	+147%	-25,2 k €	+64.5%	-71 k €	-302%	35,1 k €	-9.4%	38,8 k €	+138%	16,3 k €	+3.6%	15,7 k €	+3443%	443,3 €	-98.4%	27,2 k €	+191%	9,3 k €	-74.1%	36 k €	+135%	15,4 k €	-29.2%	21,7 k €	+13.5%	19,1 k €	+89.8%	10,1 k €
Net result	30,3 k €	-6.0%	32,3 k €	+51.5%	21,3 k €	-50.2%	42,8 k €	+324%	10,1 k €	+131%	-32,3 k €	+59.9%	-80,7 k €	-1051%	8,5 k €	-37.4%	13,6 k €	+173%	5 k €	-9.2%	5,5 k €	+160%	-9,2 k €	-159%	15,6 k €	+516%	2,5 k €	-78.3%	11,7 k €	+55.3%	7,5 k €	-3.9%	7,8 k €	-35.5%	12,1 k €	+125%	5,4 k €
Balance sheet
Equity	12 k €	-30.6%	17,3 k €	-42.4%	30,1 k €	+242%	8,8 k €	+126%	-34 k €	+22.9%	-44,1 k €	-276%	-11,7 k €	-117%	69 k €	+14.0%	60,5 k €	+28.9%	46,9 k €	+11.8%	42 k €	+15.0%	36,5 k €	-20.1%	45,7 k €	+52.0%	30,1 k €	+9.2%	27,5 k €	-35.8%	42,9 k €	+21.3%	35,3 k €	+28.4%	27,5 k €	+78.8%	15,4 k €
Total assets	78,7 k €	-2.5%	80,8 k €	+38.6%	58,3 k €	+1.5%	57,4 k €	+156%	22,4 k €	-68.0%	70,1 k €	-58.7%	169,9 k €	+15.7%	146,8 k €	+48.7%	98,7 k €	+32.2%	74,7 k €	+29.2%	57,8 k €	+47.7%	39,1 k €	-48.0%	75,3 k €	+32.0%	57 k €	+3.6%	55 k €	-43.9%	98,1 k €	-8.6%	107,3 k €	+61.0%	66,6 k €	+15.8%	57,5 k €
Cash	56,9 k €	+23.3%	46,1 k €	+41.9%	32,5 k €	-31.0%	47,1 k €	+276%	12,5 k €	-59.8%	31,1 k €	-6.1%	33,1 k €	+280212%	11,8 €	-99.9%	20,2 k €	+213376%	9,4 €	-99.9%	16,3 k €	+21.6%	13,4 k €	-75.6%	54,7 k €	+85.6%	29,5 k €	-3.5%	30,5 k €	+85.5%	16,5 k €	-53.3%	35,2 k €	+201%	11,7 k €	+200%	3,9 k €
Debts	66,6 k €	+5.1%	63,4 k €	+129%	27,6 k €	-43.1%	48,6 k €	-13.8%	56,4 k €	-50.6%	114,2 k €	-37.1%	181,6 k €	+133%	77,9 k €	+104%	38,2 k €	+37.9%	27,7 k €	+75.0%	15,8 k €	+497%	2,7 k €	-91.0%	29,6 k €	+9.8%	26,9 k €	-2.0%	27,5 k €	-50.2%	55,2 k €	-23.2%	71,9 k €	+83.9%	39,1 k €	-7.2%	42,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,3 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Emilie TILMONT

Director

Active

Ended mandates

EMILIE TILMONT

Zaakvoerder · since 14 février 2020

Ended

EMILIE TILMONT

Director · since 14 février 2020

Ended

GUNTHER THIERIE

Mandate · since 02 avril 2007 · until 16 septembre 2019

Ended

Gunter Thierie

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
M Sport● Active	0674.802.373

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	22/07/2026	25/07/2025	01/07/2024	05/06/2023	12/04/2022	10/05/2021
General meeting	29/06/2026	24/06/2025	21/06/2024	28/04/2023	31/03/2022	01/04/2021
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
Micro model	31/12/2025	29/06/2026	22/07/2026	Dutch	PDF
Micro model	31/12/2024	24/06/2025	25/07/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	28/04/2023	05/06/2023	Dutch	PDF
Micro model	31/12/2021	31/03/2022	12/04/2022	Dutch	PDF
Micro model	31/12/2020	01/04/2021	10/05/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	15/07/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	19/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	27/08/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	27/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	27/06/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 5 ended

Active mandates

Emilie TILMONT

Director

Active

Ended mandates

EMILIE TILMONT

Zaakvoerder · since 14 février 2020

Ended

EMILIE TILMONT

Director · since 14 février 2020

Ended

GUNTHER THIERIE

Mandate · since 02 avril 2007 · until 16 septembre 2019

Ended

Gunter Thierie

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other06/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL
PDF
Capital / shares05/11/2021
KAPITAAL - AANDELEN
PDF
Mandates25/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/02/2016
MAATSCHAPPELIJKE ZETEL
PDF
Other12/04/2007
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

2025
Annual accounts 202530,3 k €↓
2024
Annual accounts 202432,3 k €↑
2023
Annual accounts 202321,3 k €↓
2023
Name changeHRFLEX
2022
Annual accounts 202242,8 k €↑
2021
Annual accounts 202110,1 k €↑
2020
Annual accounts 2020-32,3 k €↑
2019
Annual accounts 2019-80,7 k €↓
2018
Annual accounts 20188,5 k €↓
2017
Annual accounts 201713,6 k €↑
2016
Annual accounts 20165 k €↓
2015
Annual accounts 20155,5 k €↑
2014
Annual accounts 2014-9,2 k €↓
2013
Annual accounts 201315,6 k €↑
2012
Annual accounts 20122,5 k €↓
2011
Annual accounts 201111,7 k €↑
2010
Annual accounts 20107,5 k €↓
2009
Annual accounts 20097,8 k €↓
2008
Annual accounts 200812,1 k €↑
2007
Annual accounts 20075,4 k €
29/03/2007
IncorporationPrivate limited company
2007
Name changeT PROJECTS

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

HRFLEX

Overview

What does HRFLEX 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