ACTIVE

HBF INVEST

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Financial year 2026 · closed on 30/06/2026

Net result

1,3 M €

+249.5% YoY

Gross margin

1,3 M €

+379.5% YoY

Equity

3,4 M €

+50.0% YoY

What does HBF INVEST do?

HBF INVEST is a Private limited company incorporated in 2007. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Ittre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.905.012

Incorporation

12/07/2007

Legal form

Private limited company

Registered office

Boulevard Piron 25
1461 Ittre · WallonieSee on map

Contributed capital

242 000,00 €

Latest accounts

30/06/2026

Activities (NACE)

74879Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.64200Activities of holding companies 64210Activities of holding companies 65231Reinsurance+7

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
Gross margin	1,3 M €	+380%	273 k €	-7.8%	296,2 k €	+2.4%	289,2 k €	+99.9%	144,7 k €	-2.3%	148,1 k €	-3.2%	153 k €	+2.3%	149,5 k €	-19.7%	186,2 k €	+15.6%	161,1 k €	-9.0%	177 k €	+3.5%	171,1 k €	+65.7%	103,3 k €	+257%	28,9 k €	+126%	12,8 k €	-28.0%	17,7 k €	+33.4%	13,3 k €	-62.3%	35,3 k €
EBITDA	1,3 M €	+410%	251,7 k €	-7.6%	272,4 k €	-2.5%	279,4 k €	+108%	134,3 k €	-2.5%	137,7 k €	-3.2%	142,2 k €	+1.1%	140,6 k €	-20.0%	175,8 k €	+19.6%	146,9 k €	-12.8%	168,4 k €	+2.0%	165,2 k €	+149%	66,4 k €	+284%	17,3 k €	+45.2%	11,9 k €	-28.5%	16,7 k €	+42.5%	11,7 k €	-66.2%	34,6 k €
Operating result	1,2 M €	+747%	136,6 k €	+1.8%	134,2 k €	-11.3%	151,3 k €	+1491%	9,5 k €	-65.0%	27,2 k €	-21.0%	34,4 k €	+4.9%	32,8 k €	-51.7%	67,9 k €	+27.0%	53,5 k €	-28.7%	75,1 k €	+4.5%	71,8 k €	+366%	-27 k €	-780%	4 k €	-66.7%	11,9 k €	-28.5%	16,7 k €	+112%	7,9 k €	-77.3%	34,6 k €
Net result	1,3 M €	+250%	382,5 k €	-21.6%	488,1 k €	-22.7%	631,6 k €	+23.9%	509,8 k €	+16.1%	438,9 k €	+23.5%	355,5 k €	+65.3%	215,1 k €	-0.9%	217,1 k €	+10.2%	197,1 k €	+25.3%	157,3 k €	+128%	69,1 k €	+143%	28,5 k €	-81.6%	155 k €	+62.2%	95,5 k €	-2.5%	98 k €	+176%	35,5 k €	-89.9%	353,6 k €
Balance sheet
Equity	3,4 M €	+50.0%	2,3 M €	-22.0%	2,9 M €	+12.3%	2,6 M €	+9.1%	2,4 M €	+17.0%	2 M €	+7.5%	1,9 M €	+18.1%	1,6 M €	+12.3%	1,4 M €	+8.8%	1,3 M €	+14.8%	1,1 M €	+12.9%	999,9 k €	+7.4%	930,8 k €	+3.2%	902,3 k €	+20.7%	747,3 k €	+9.6%	681,7 k €	+16.8%	583,8 k €	+34.6%	433,6 k €
Total assets	4,6 M €	+10.2%	4,1 M €	-0.5%	4,2 M €	-4.0%	4,3 M €	+0.9%	4,3 M €	+3.5%	4,2 M €	+10.4%	3,8 M €	+3.8%	3,6 M €	-0.6%	3,6 M €	+22.5%	3 M €	+1.9%	2,9 M €	-1.0%	2,9 M €	-2.1%	3 M €	+3.2%	2,9 M €	+204%	960,4 k €	+4.4%	919,7 k €	+3.5%	888,4 k €	+11.6%	796 k €
Cash	339,9 k €	+138%	142,9 k €	-52.3%	299,8 k €	-74.1%	1,2 M €	+9.3%	1,1 M €	+7.1%	987,4 k €	+46.5%	674,1 k €	+57.6%	427,7 k €	+24.6%	343,1 k €	+1.8%	337,2 k €	+80.5%	186,9 k €	+241%	54,7 k €	+176%	19,9 k €	-68.8%	63,6 k €	-37.1%	101,1 k €	+66.4%	60,8 k €	+152%	24,1 k €	-3.5%	24,9 k €
Debts	1,2 M €	-37.1%	1,9 M €	+49.1%	1,3 M €	-28.3%	1,8 M €	-8.6%	1,9 M €	-9.7%	2,1 M €	+13.2%	1,9 M €	-7.2%	2 M €	-8.7%	2,2 M €	+33.1%	1,7 M €	-6.1%	1,8 M €	-8.1%	1,9 M €	-6.3%	2,1 M €	+3.5%	2 M €	+844%	213,1 k €	-10.4%	237,9 k €	-21.9%	304,6 k €	-15.9%	362,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2026 · 2 active · 4 ended

Active mandates

Bruno DUGARDIN

Director · since 18 mars 2013

Active

Frank ONSEA

Director · since 18 mars 2013

Active

Ended mandates

Bruno DUGARDIN

Manager · since 18 mars 2013

Ended

Frank ONSEA

Manager · since 18 mars 2013

Ended

Bruno DUGARDIN

Managing director · since 17 juillet 2007 · until 09 septembre 2014

Ended

Frank Onsea

Director · since 17 juillet 2007 · until 09 septembre 2014

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2025	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020
Closing of the financial year	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/09/2026	22/09/2025	13/09/2024	18/09/2023	27/09/2022	18/10/2021
General meeting	08/09/2026	16/09/2025	10/09/2024	15/09/2023	16/09/2022	14/09/2021
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	30/06/2026	08/09/2026	16/09/2026	French	PDF
Abridged model	30/06/2025	16/09/2025	22/09/2025	French	PDF
Abridged model	30/06/2024	10/09/2024	13/09/2024	French	PDF
Abridged model	30/06/2023	15/09/2023	18/09/2023	French	PDF
Abridged model	30/06/2022	16/09/2022	27/09/2022	French	PDF
Abridged model	30/06/2021	14/09/2021	18/10/2021	French	PDF
Abridged model	30/06/2020	23/09/2020	24/09/2020	French	PDF
Abridged model	30/06/2019	12/09/2019	13/09/2019	French	PDF
Abridged model	30/06/2018	10/09/2018	02/10/2018	French	PDF
Abridged model	30/06/2017	22/09/2017	25/09/2017	French	PDF
Abridged model	30/06/2016	23/09/2016	27/09/2016	French	PDF
Abridged model	30/06/2015	23/09/2015	25/09/2015	French	PDF
Abridged model	30/06/2014	29/10/2014	30/10/2014	French	PDF
Abridged model	30/06/2013	20/09/2013	23/09/2013	French	PDF
Abridged model	30/06/2012	11/09/2012	30/10/2012	French	PDF
Abridged model	30/06/2011	13/09/2011	20/09/2011	French	PDF
Abridged model	30/06/2010	14/09/2010	31/01/2011	French	PDF
Abridged model	30/06/2009	15/09/2009	28/01/2011	French	PDF
Abridged model	30/06/2008	09/09/2008	06/12/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/06/2026 · 2 active · 4 ended

Active mandates

Bruno DUGARDIN

Director · since 18 mars 2013

Active

Frank ONSEA

Director · since 18 mars 2013

Active

Ended mandates

Bruno DUGARDIN

Manager · since 18 mars 2013

Ended

Frank ONSEA

Manager · since 18 mars 2013

Ended

Bruno DUGARDIN

Managing director · since 17 juillet 2007 · until 09 septembre 2014

Ended

Frank Onsea

Director · since 17 juillet 2007 · until 09 septembre 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/07/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Mandates12/01/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/11/2017
CAPITAL, ACTIONS
PDF
Registered office18/03/2014
SIEGE SOCIAL
PDF
Mandates11/04/2013
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other25/07/2007
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

2026
Annual accounts 20261,3 M €↑
2025
Annual accounts 2025382,5 k €↓
2024
Annual accounts 2024488,1 k €↓
2023
Annual accounts 2023631,6 k €↑
2022
Annual accounts 2022509,8 k €↑
2021
Annual accounts 2021438,9 k €↑
2020
Annual accounts 2020355,5 k €↑
2019
Annual accounts 2019215,1 k €↓
2018
Annual accounts 2018217,1 k €↑
2017
Annual accounts 2017197,1 k €↑
2016
Annual accounts 2016157,3 k €↑
2015
Annual accounts 201569,1 k €↑
2014
Annual accounts 201428,5 k €↓
2013
Annual accounts 2013155 k €↑
2012
Annual accounts 201295,5 k €↓
2011
Annual accounts 201198 k €↑
2010
Annual accounts 201035,5 k €↓
2008
Annual accounts 2008353,6 k €
12/07/2007
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

HBF INVEST

Overview

What does HBF INVEST do?

Trend over 18 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