NORMAL SITUATION

HOCE

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Financial year 2025 · closed on 31/12/2025

Net result

22,7 k €

+69.3% YoY

Gross margin

79,8 k €

+17.0% YoY

Equity

236,5 k €

+10.6% YoY

Company — Normal situation.

Strike-off: 09 septembre 2026

What does HOCE do?

HOCE is a Private limited company incorporated in 2007.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.185.538

Incorporation

26/04/2007

Legal form

Private limited company

Contributed capital

60 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	79,8 k €	+17.0%	68,2 k €	+11.6%	61,1 k €	+56.1%	39,2 k €	-12.7%	44,9 k €	+8.5%	41,3 k €	+11.0%	37,2 k €	-5.2%	39,3 k €	+8.3%	36,3 k €	+6.8%	33,9 k €	+14.0%	29,8 k €	-9.3%	32,8 k €	-5.3%	34,7 k €	+9.6%	31,6 k €	-3.6%	32,8 k €	-3.3%	33,9 k €	-4.2%	35,4 k €	-19.6%	44 k €
EBITDA	69,7 k €	+19.4%	58,4 k €	+14.5%	51 k €	+47.8%	34,5 k €	-14.4%	40,3 k €	+9.4%	36,8 k €	+8.5%	33,9 k €	-5.8%	36 k €	+19.0%	30,3 k €	-1.7%	30,8 k €	+8.8%	28,3 k €	-8.2%	30,8 k €	-6.0%	32,8 k €	+8.2%	30,3 k €	-4.4%	31,7 k €	-0.2%	31,8 k €	+0.1%	31,8 k €	-23.4%	41,5 k €
Operating result	49,2 k €	+28.5%	38,3 k €	+22.2%	31,3 k €	+165%	11,8 k €	-58.7%	28,5 k €	+13.5%	25,1 k €	+12.9%	22,3 k €	-11.6%	25,2 k €	+12.4%	22,4 k €	+7.1%	20,9 k €	+32.9%	15,7 k €	-24.8%	21 k €	-1.0%	21,2 k €	+21.1%	17,5 k €	-9.6%	19,3 k €	-12.3%	22,1 k €	+11.7%	19,7 k €	-2.9%	20,3 k €
Net result	22,7 k €	+69.3%	13,4 k €	+87.8%	7,1 k €	+244%	2,1 k €	-86.9%	15,9 k €	+20.0%	13,2 k €	+36.7%	9,7 k €	-26.1%	13,1 k €	+46.4%	8,9 k €	+1.8%	8,8 k €	+69.3%	5,2 k €	-29.4%	7,3 k €	-9.7%	8,1 k €	+24.5%	6,5 k €	-20.5%	8,2 k €	-14.6%	9,6 k €	-1.6%	9,8 k €	+43.1%	6,8 k €
Balance sheet
Equity	236,5 k €	+10.6%	213,8 k €	+6.7%	200,4 k €	+3.7%	193,2 k €	+1.1%	191,2 k €	+9.0%	175,3 k €	+8.2%	162,1 k €	+6.3%	152,4 k €	+9.4%	139,3 k €	+6.9%	130,4 k €	+7.2%	121,6 k €	+4.5%	116,4 k €	+6.7%	109,1 k €	+8.1%	101 k €	+6.9%	94,4 k €	+9.5%	86,2 k €	+12.6%	76,6 k €	+197%	25,8 k €
Total assets	681,6 k €	+0.5%	678,5 k €	-0.2%	680,1 k €	+0.5%	676,9 k €	+57.4%	430,2 k €	+1.2%	425,2 k €	+4.0%	408,8 k €	-1.2%	413,9 k €	-1.3%	419,3 k €	+34.8%	311 k €	+0.1%	310,8 k €	-2.5%	318,9 k €	-1.0%	322,3 k €	-1.8%	328 k €	+16.6%	281,2 k €	-2.6%	288,7 k €	-1.2%	292,2 k €	+29.6%	225,6 k €
Cash	62,9 k €	+24.0%	50,8 k €	+33.6%	38 k €	+211%	12,2 k €	-85.7%	85,3 k €	+19.8%	71,2 k €	+88.0%	37,8 k €	+5.3%	35,9 k €	-39.3%	59,2 k €	+19.1%	49,7 k €	-14.6%	58,2 k €	-30.1%	83,3 k €	+439%	15,4 k €	+61.3%	9,6 k €	-39.9%	15,9 k €	-14.1%	18,5 k €	+50.5%	12,3 k €	+46.5%	8,4 k €
Debts	432,4 k €	-1.5%	439,1 k €	-5.7%	465,6 k €	-2.3%	476,7 k €	+106%	231,7 k €	-1.9%	236,3 k €	-1.3%	239,4 k €	-5.9%	254,3 k €	-6.9%	273,1 k €	+57.2%	173,8 k €	-4.7%	182,3 k €	-7.0%	196 k €	-5.3%	206,9 k €	-6.9%	222,3 k €	+22.8%	181 k €	-8.1%	197 k €	-7.6%	213,1 k €	+7.9%	197,4 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 1 ended

Active mandates

CEDRIC HONOREZ

Director

Active

MARC HONOREZ

Director

Active

Ended mandates

CEDRIC HONOREZ

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged 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	14/07/2026	03/07/2025	30/08/2024	20/07/2023	16/06/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	01/06/2023	02/06/2022	03/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	14/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	03/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	01/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	08/09/2020	Dutch	PDF
Abridged model	31/12/2018	06/06/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/06/2016	08/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	10/07/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	15/06/2009	Dutch	PDF

Estimate

Indicative valuation

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 · 1 ended

Active mandates

CEDRIC HONOREZ

Director

Active

MARC HONOREZ

Director

Active

Ended mandates

CEDRIC HONOREZ

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring17/09/2026
fusie door overname
PDF
Restructuring12/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/07/2009
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other11/05/2007
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 202522,7 k €↑
2024
Annual accounts 202413,4 k €↑
2023
Annual accounts 20237,1 k €↑
2022
Annual accounts 20222,1 k €↓
2021
Annual accounts 202115,9 k €↑
2020
Annual accounts 202013,2 k €↑
2019
Annual accounts 20199,7 k €↓
2018
Annual accounts 201813,1 k €↑
2017
Annual accounts 20178,9 k €↑
2016
Annual accounts 20168,8 k €↑
2015
Annual accounts 20155,2 k €↓
2014
Annual accounts 20147,3 k €↓
2013
Annual accounts 20138,1 k €↑
2012
Annual accounts 20126,5 k €↓
2011
Annual accounts 20118,2 k €↓
2010
Annual accounts 20109,6 k €↓
2009
Annual accounts 20099,8 k €↑
2008
Annual accounts 20086,8 k €
26/04/2007
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

HOCE

Overview

What does HOCE do?

Trend over 18 financial years

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