ACTIVE

Hvnv

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Financial year 2025 · closed on 31/12/2025

Net result

79,7 k €

-23.3% YoY

Gross margin

202,4 k €

-6.4% YoY

Equity

472,1 k €

+11.5% YoY

What does Hvnv do?

Hvnv is a Private limited company incorporated in 2008. Its main activity is: Wired telecommunications activities. Its registered office is in Duffel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.187.552

Incorporation

04/03/2008

Legal form

Private limited company

Registered office

Hoogstraat 16 box 2
2570 Duffel · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

61100Wired telecommunications activities· main 61200Wireless telecommunications activities 43211Electrical installation 43211Electrical installation 62010Computer programming activities 62020Computer consultancy activities+4

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	202,4 k €	-6.4%	216,2 k €	+1.1%	213,8 k €	-0.8%	215,6 k €	+26.9%	170 k €	+77.4%	95,8 k €	-22.8%	124,2 k €	-22.0%	159,2 k €	+185%	55,8 k €	-46.0%	103,4 k €	+76.3%	58,6 k €	+8188%	707,4 €	-93.7%	11,3 k €	+13.4%	10 k €	+119%	4,6 k €	-35.1%	7 k €	+8.8%	6,4 k €
EBITDA	199,4 k €	-6.5%	213,3 k €	+4.0%	205,2 k €	+17.6%	174,5 k €	+32.5%	131,7 k €	+52.6%	86,3 k €	-24.3%	114 k €	-24.2%	150,4 k €	+182%	53,4 k €	-47.8%	102,3 k €	+81.1%	56,5 k €	+10153%	-562 €	-106%	10 k €	+21.5%	8,2 k €	+148%	3,3 k €	-44.0%	5,9 k €	+26.7%	4,7 k €
Operating result	187,7 k €	-5.9%	199,6 k €	+4.2%	191,6 k €	+17.8%	162,6 k €	+35.0%	120,4 k €	+78.8%	67,3 k €	+8.4%	62,1 k €	-55.8%	140,6 k €	+177%	50,8 k €	-48.9%	99,4 k €	+80.1%	55,2 k €	+9927%	-562 €	-111%	5,2 k €	+67.7%	3,1 k €	+330%	-1,3 k €	+44.8%	-2,4 k €	-267%	1,5 k €
Net result	79,7 k €	-23.3%	103,8 k €	+8.3%	95,8 k €	+17.7%	81,4 k €	+27.9%	63,7 k €	+105%	31,1 k €	+67.5%	18,6 k €	-80.1%	93,3 k €	+194%	31,7 k €	-48.4%	61,4 k €	+82.2%	33,7 k €	+3049%	-1,1 k €	-148%	2,4 k €	+561%	362,9 €	+113%	-2,8 k €	+8.5%	-3,1 k €	-182%	-1,1 k €
Balance sheet
Equity	472,1 k €	+11.5%	423,5 k €	+25.2%	338,2 k €	-21.0%	428,3 k €	+23.5%	346,8 k €	+22.5%	283,1 k €	+12.3%	252 k €	+8.0%	233,5 k €	+66.6%	140,1 k €	+29.2%	108,4 k €	+131%	47 k €	+254%	13,3 k €	-7.9%	14,4 k €	+20.0%	12 k €	+3.1%	11,6 k €	-19.4%	14,5 k €	-17.5%	17,5 k €
Total assets	996,5 k €	+11.2%	896,4 k €	+3.0%	870,2 k €	+14.4%	760,5 k €	+19.9%	634,5 k €	+12.9%	561,8 k €	+3.6%	542,1 k €	+85.5%	292,3 k €	+26.1%	231,8 k €	+29.9%	178,5 k €	+33.3%	133,9 k €	+889%	13,5 k €	-52.9%	28,7 k €	-19.3%	35,6 k €	+33.1%	26,7 k €	+25.3%	21,3 k €	-14.4%	24,9 k €
Cash	45,3 k €	-3.8%	47,1 k €	+30.5%	36,1 k €	+44.4%	25 k €	-89.6%	240,9 k €	+48.2%	162,5 k €	+13.0%	143,8 k €	+348%	32,1 k €	-70.2%	107,6 k €	+79.8%	59,8 k €	-4.8%	62,8 k €	+22514%	277,8 €	-92.3%	3,6 k €	+25.0%	2,9 k €	+37.3%	2,1 k €	-24.2%	2,8 k €	-61.4%	7,2 k €
Debts	508,3 k €	+10.0%	462,1 k €	-13.1%	531,9 k €	+60.1%	332,3 k €	+15.5%	287,6 k €	+3.2%	278,7 k €	-3.9%	290,1 k €	+393%	58,8 k €	-35.9%	91,7 k €	+30.9%	70,1 k €	-19.4%	86,9 k €	+32115%	269,8 €	-98.1%	14,2 k €	-39.9%	23,6 k €	+58.4%	14,9 k €	+140%	6,2 k €	-16.3%	7,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Hugo Vermeulen

Bestuurder · since 21 janvier 2015

Active

Ended mandates

Hugo Vermeulen

Manager · since 01 janvier 2015

Ended

Hugo Vermeulen

Director

Ended

Hugo Vermeulen

Manager

Ended

Wouter Catherin

Manager · until 31 décembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
Echo Solutions● Active	0547.675.460
Vereniging van mede-eigenaars Residentie Zonneschijn 16-A● Active	0691.837.454

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	24/07/2026	13/08/2025	18/07/2024	21/08/2023	30/08/2022	28/10/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	20/06/2023	21/06/2022	15/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	24/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	13/08/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	21/08/2023	Dutch	PDF
Micro model	31/12/2021	21/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	28/10/2021	Dutch	PDF
Micro model	31/12/2019	16/06/2020	14/08/2020	Dutch	PDF
Micro model	31/12/2018	18/06/2019	19/06/2019	Dutch	PDF
Micro model	30/09/2017	20/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	21/03/2017	29/03/2017	Dutch	PDF
Abridged model	30/09/2015	15/03/2016	25/03/2016	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	04/02/2016	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	02/07/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	28/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 5 ended

Active mandates

Hugo Vermeulen

Bestuurder · since 21 janvier 2015

Active

Ended mandates

Hugo Vermeulen

Manager · since 01 janvier 2015

Ended

Hugo Vermeulen

Director

Ended

Hugo Vermeulen

Manager

Ended

Wouter Catherin

Manager · until 31 décembre 2014

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2019
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other12/10/2018
ALGEMENE VERGADERING - BOEKJAAR
PDF
Other23/07/2018
DOEL
PDF
Registered office10/02/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Registered office25/09/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other13/03/2008
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 202579,7 k €↓
2024
Annual accounts 2024103,8 k €↑
2023
Annual accounts 202395,8 k €↑
2022
Annual accounts 202281,4 k €↑
2021
Annual accounts 202163,7 k €↑
2020
Annual accounts 202031,1 k €↑
2019
Annual accounts 201918,6 k €↓
2018
Annual accounts 201893,3 k €↑
2017
Annual accounts 201731,7 k €↓
2016
Annual accounts 201661,4 k €↑
2015
Annual accounts 201533,7 k €↑
2013
Annual accounts 2013-1,1 k €↓
2012
Annual accounts 20122,4 k €↑
2011
Annual accounts 2011362,9 €↑
2010
Annual accounts 2010-2,8 k €↑
2009
Annual accounts 2009-3,1 k €↓
2008
Annual accounts 2008-1,1 k €
04/03/2008
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

Hvnv

Overview

What does Hvnv 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