ACTIVE

Hillewaere Insurance

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Financial year 2025 · closed on 31/12/2025

Net result

7 M €

+276.8% YoY

Revenue

32 M €

+42.8% YoY

Equity

12,6 M €

+108.3% YoY

Workforce

156,6 ETP

+42.4% YoY

What does Hillewaere Insurance do?

Hillewaere Insurance is a Public limited company incorporated in 2007. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Turnhout. It employs on average 156,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.695.561

Incorporation

29/08/2007

Legal form

Public limited company

Registered office

Parklaan 46
2300 Turnhout · FlandreSee on map

Contributed capital

1 145 374,63 €

Latest accounts

31/12/2025

Average workforce

156,6 ETP

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers 67201Agents et courtiers d'assurances

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	32 M €	+42.8%	22,4 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	5,2 M €	+50.5%	3,5 M €	+1080%	294,7 k €	-55.4%	660,9 k €	+24.2%	532,2 k €	-40.7%	897 k €	+28.5%	698,1 k €	-26.9%	954,9 k €	+79.5%	531,9 k €	+95.5%	272,1 k €	+52.6%	178,3 k €	-22.3%	229,6 k €	+3.5%	221,9 k €	+65.7%	133,9 k €	-29.2%	189,3 k €	+68.4%	112,4 k €	-23.4%	146,8 k €
Operating result	3,8 M €	+34.1%	2,8 M €	+943%	270,4 k €	+197%	-277,7 k €	-161%	456,2 k €	-37.8%	733,4 k €	+86.9%	392,3 k €	-36.7%	620,3 k €	+123%	277,7 k €	+1016%	24,9 k €	-48.3%	48,1 k €	-56.8%	111,4 k €	-0.6%	112,1 k €	+327%	26,2 k €	-67.9%	81,6 k €	+1624%	4,7 k €	+49.4%	3,2 k €
Net result	7 M €	+277%	1,9 M €	+710%	230,7 k €	+176%	-302,3 k €	-212%	271,1 k €	-44.3%	486,6 k €	+142%	201,2 k €	-46.8%	378,1 k €	+146%	153,5 k €	+656%	20,3 k €	-9.8%	22,5 k €	-64.8%	63,9 k €	+6.9%	59,8 k €	+4286%	1,4 k €	-96.1%	34,6 k €	+1695%	1,9 k €	+915%	190 €
Balance sheet
Equity	12,6 M €	+108%	6 M €	+1651%	344,2 k €	-69.1%	1,1 M €	-21.4%	1,4 M €	+23.7%	1,1 M €	+37.6%	831,8 k €	+15.8%	718,2 k €	+111%	340,1 k €	+61.3%	210,8 k €	+10.7%	190,5 k €	+13.4%	168 k €	+61.4%	104,1 k €	+135%	44,3 k €	+3.2%	42,9 k €	+416%	8,3 k €	+30.2%	6,4 k €
Total assets	47,7 M €	+222%	14,8 M €	+193%	5 M €	-7.7%	5,5 M €	+15.9%	4,7 M €	+0.5%	4,7 M €	+4.9%	4,5 M €	+16.5%	3,8 M €	+12.5%	3,4 M €	+23.5%	2,8 M €	+3.4%	2,7 M €	+68.8%	1,6 M €	+5.5%	1,5 M €	-19.7%	1,9 M €	-1.2%	1,9 M €	+49.2%	1,3 M €	+12.3%	1,1 M €
Cash	49,8 k €	+37.2%	36,3 k €	+100%	18,1 k €	-96.5%	520,1 k €	+36.0%	382,3 k €	-76.8%	1,7 M €	+125%	734,8 k €	+304%	182,1 k €	-9.9%	202,1 k €	+125%	90 k €	+167%	33,7 k €	+1.4%	33,3 k €	+35.3%	24,6 k €	-80.5%	126,1 k €	-33.2%	188,7 k €	-41.6%	322,9 k €	+892%	32,5 k €
Debts	34,9 M €	+344%	7,9 M €	+137%	3,3 M €	+21.6%	2,7 M €	+8.2%	2,5 M €	-8.8%	2,8 M €	-24.5%	3,6 M €	+16.7%	3,1 M €	+1.6%	3,1 M €	+20.4%	2,6 M €	+3.5%	2,5 M €	+75.5%	1,4 M €	+1.7%	1,4 M €	-23.9%	1,8 M €	+0.1%	1,8 M €	+44.2%	1,3 M €	+12.1%	1,1 M €
Other
Workforce	156,6 ETP	+42.4%	110,0 ETP	+461%	19,6 ETP	+0.5%	19,5 ETP	-6.7%	20,9 ETP	+5.6%	19,8 ETP	-1.0%	20,0 ETP	-7.0%	21,5 ETP	+39.6%	15,4 ETP	+58.8%	9,7 ETP	+54.0%	6,3 ETP	+16.7%	5,4 ETP	+12.5%	4,8 ETP	+6.7%	4,5 ETP	-2.2%	4,6 ETP	+12.2%	4,1 ETP	+10.8%	3,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 28 ended

Active mandates

KLART CONSULT

Director · since 04 mars 2025 · until 18 juin 2032 · 0794.159.685

Represented by Maarten DOM

Active

Hillewaere Group Belgium

Director · since 10 juin 2021 · until 26 juin 2026 · 0764.344.459

Represented by Roel Druyts

Active

L&W Invest

Director · since 10 juin 2021 · until 26 juin 2026 · 0764.383.952

Represented by Leen Verheyen

Active

Ended mandates

Hillewaere Group Belgium

Managing director · since 10 juin 2021 · until 10 juin 2026 · 0764.344.459

Represented by Roel DRUYTS

Ended

Hillewaere Group Belgium

Director · since 10 juin 2021 · until 10 juin 2026 · 0764.344.459

Represented by Druyts Roel

Ended

Hillewaere Group Belgium

Managing director · since 10 juin 2021 · until 10 juin 2026 · 0764.344.459

Represented by Druyts Roel

Ended

L&W Invest

Director · since 10 juin 2021 · until 10 juin 2026 · 0764.383.952

Represented by Leen VERHEYEN

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged 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	01/10/2019
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	15 months
Filing date	01/07/2026	30/06/2025	16/09/2024	29/09/2023	18/11/2022	12/10/2022
General meeting	26/06/2026	30/06/2025	25/06/2024	21/09/2023	30/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	30/06/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	25/06/2024	16/09/2024	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	21/09/2023	29/09/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	30/06/2022	18/11/2022	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	18/06/2021	12/10/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	29/06/2021	Dutch	PDF
Abridged model	30/09/2019	31/03/2020	11/05/2020	Dutch	PDF
Abridged model	30/09/2018	29/03/2019	29/04/2019	Dutch	PDF
Abridged model	31/12/2016	05/12/2017	22/12/2017	Dutch	PDF
Abridged model	31/12/2015	20/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	10/06/2011	11/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	31/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 3 active · 28 ended

Active mandates

KLART CONSULT

Director · since 04 mars 2025 · until 18 juin 2032 · 0794.159.685

Represented by Maarten DOM

Active

Hillewaere Group Belgium

Director · since 10 juin 2021 · until 26 juin 2026 · 0764.344.459

Represented by Roel Druyts

Active

L&W Invest

Director · since 10 juin 2021 · until 26 juin 2026 · 0764.383.952

Represented by Leen Verheyen

Active

Ended mandates

Hillewaere Group Belgium

Managing director · since 10 juin 2021 · until 10 juin 2026 · 0764.344.459

Represented by Roel DRUYTS

Ended

Hillewaere Group Belgium

Director · since 10 juin 2021 · until 10 juin 2026 · 0764.344.459

Represented by Druyts Roel

Ended

Hillewaere Group Belgium

Managing director · since 10 juin 2021 · until 10 juin 2026 · 0764.344.459

Represented by Druyts Roel

Ended

L&W Invest

Director · since 10 juin 2021 · until 10 juin 2026 · 0764.383.952

Represented by Leen VERHEYEN

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring27/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/02/2026
DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates03/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring31/07/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DOEL - KAPITAAL - AANDELEN
PDF
Mandates24/07/2025
ONTSLAGEN - BENOEMINGEN
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 20257 M €↑
2024
Annual accounts 20241,9 M €↑
2024
Name changeHILLEWAERE INSURANCE
2023
Annual accounts 2023230,7 k €↑
2022
Annual accounts 2022-302,3 k €↓
2021
Annual accounts 2021271,1 k €↓
2020
Annual accounts 2020486,6 k €↑
2019
Annual accounts 2019201,2 k €↓
2018
Annual accounts 2018378,1 k €↑
2016
Annual accounts 2016153,5 k €↑
2015
Annual accounts 201520,3 k €↓
2014
Annual accounts 201422,5 k €↓
2014
Name changeHILLEWAERE VERZEKERINGEN
2013
Annual accounts 201363,9 k €↑
2012
Annual accounts 201259,8 k €↑
2011
Annual accounts 20111,4 k €↓
2010
Annual accounts 201034,6 k €↑
2009
Annual accounts 20091,9 k €↑
2008
Annual accounts 2008190 €
2008
Name changeHeeren & Hillewaere Verzekeringen
29/08/2007
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

Hillewaere Insurance

Overview

What does Hillewaere Insurance do?

Trend over 17 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