ACTIVE

HIVAG

Financial year 2025 · Closed on 30/06/2025

Net result1,3 M €+6 227,1 %over 1 year

Gross margin45,4 k €-68,0 %over 1 year

Equity2,4 M €+119,6 %over 1 year

Identity

Source · BCE/KBO

HIVAG is a Public limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Bernissart.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0892.121.668
Incorporation: 18/09/2007
Legal form: Public limited company
Registered office: Rue Buissonnet(HAR) 63
7321 Bernissart · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 30/06/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 18 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	45,4 k €	-68.0%	142,2 k €	-35.4%	220 k €	+48.2%	148,5 k €	-19.0%	183,4 k €
EBITDA	13,3 k €	-76.7%	57 k €	-41.2%	97 k €	+270%	26,2 k €	-75.4%	106,8 k €
Operating result	-8,2 k €	-121%	40 k €	-54.3%	87,5 k €	+466%	15,5 k €	-84.2%	98 k €
Net result	1,3 M €	+6227%	21,1 k €	-72.1%	75,5 k €	-82.5%	431,8 k €	+79.7%	240,3 k €
Balance sheet
Equity	2,4 M €	+120%	1,1 M €	-0.8%	1,1 M €	+2.4%	1,1 M €	+54.7%	697,9 k €
Total assets	2,5 M €	+104%	1,2 M €	-2.8%	1,2 M €	-0.9%	1,3 M €	+31.6%	957,1 k €
Cash	46,7 k €	-59.2%	114,4 k €	+121%	51,7 k €	-46.3%	96,3 k €	-10.2%	107,2 k €
Debts	62,5 k €	-45.6%	115 k €	-18.9%	141,8 k €	-20.7%	178,7 k €	-30.8%	258,4 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nathalie VAN CEUNEBROECKE	Director12/09/2007 → 02/10/2031
Pascal FORNER	Managing director12/09/2007 → 02/10/2031

Other companies at this address

Rue Buissonnet(HAR) 63 7321 Bernissart

Company	CBE no.
ETECH● Active	0466.922.465
Hainaut Technologies● Active	1017.037.476
IMMOGANP● Active	0760.810.590
NEW TUBE● Active	0455.545.652

Full financial information

Source · NBB

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/12/2025	28/11/2024	30/11/2023	06/12/2022	24/11/2021	08/12/2020
General meeting	03/10/2025	04/10/2024	06/10/2023	07/10/2022	01/10/2021	02/10/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	03/10/2025	24/12/2025	French	PDF
Micro model	30/06/2024	04/10/2024	28/11/2024	French	PDF
Micro model	30/06/2023	06/10/2023	30/11/2023	French	PDF
Micro model	30/06/2022	07/10/2022	06/12/2022	French	PDF
Micro model	30/06/2021	01/10/2021	24/11/2021	French	PDF
Micro model	30/06/2020	02/10/2020	08/12/2020	French	PDF
Micro model	30/06/2019	04/10/2019	20/11/2019	French	PDF
Micro model	30/06/2018	05/10/2018	03/12/2018	French	PDF
Micro model	30/06/2017	06/10/2017	27/11/2017	French	PDF
Abridged model	30/06/2016	07/10/2016	26/11/2016	French	PDF
Abridged model	30/06/2015	02/10/2015	02/11/2015	French	PDF
Abridged model	30/06/2014	03/10/2014	03/12/2014	French	PDF
Abridged model	30/06/2013	04/10/2013	29/11/2013	French	PDF
Abridged model	30/06/2012	05/10/2012	26/12/2012	French	PDF
Abridged model	30/06/2011	07/10/2011	28/01/2012	French	PDF
Abridged model	30/06/2010	01/10/2010	05/01/2011	French	PDF
Abridged model	30/06/2009	02/10/2009	30/12/2009	French	PDF
Abridged model	30/06/2008	03/10/2008	09/12/2008	French	PDF

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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nathalie VAN CEUNEBROECKE	Director12/09/2007 → 02/10/2031
Pascal FORNER	Managing director12/09/2007 → 02/10/2031

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates29/11/2012
DEMISSIONS, NOMINATIONS
PDF
Other23/11/2007
DIVERS
PDF
Other20/09/2007
Constitution
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Pascal FORNER

Nathalie VAN CEUNEBROECKE

200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

HIVAG

Rue Buissonnet(HAR) 63, 7321 Blaton

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Buissonnet(HAR) 63, 7321 BlatonCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00591624

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HIVAGCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00591624

Events

2025
Annual accounts 20251,3 M €↑
2024
Annual accounts 202421,1 k €↓
2023
Annual accounts 202375,5 k €↓
2022
Annual accounts 2022431,8 k €↑
2021
Annual accounts 2021240,3 k €↑
2020
Annual accounts 202090,3 k €↑
2019
Annual accounts 201955,9 k €↑
2018
Annual accounts 201819,5 k €↑
2017
Annual accounts 2017415,8 €↑
2016
Annual accounts 2016-5,6 k €↓
2015
Annual accounts 20151,3 k €↓
2014
Annual accounts 201411,4 k €↑
2013
Annual accounts 2013-878,8 €↓
2012
Annual accounts 20126,4 k €↓
2011
Annual accounts 201146,9 k €↓
2010
Annual accounts 2010204,9 k €↑
2009
Annual accounts 200978,9 k €↑
2008
Annual accounts 2008-13,9 k €
18/09/2007
IncorporationPublic limited company

HIVAG

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events