ACTIVE

HBB MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

23,5 k €

+235.3% YoY

Gross margin

199,7 k €

+16.4% YoY

Equity

234,7 k €

+11.1% YoY

Workforce

1,1 ETP

-15.4% YoY

What does HBB MANAGEMENT do?

HBB MANAGEMENT is a Private limited company incorporated in 2008. Its main activity is: Activities of head offices. Its registered office is in Jette. It employs on average 1,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.902.778

Incorporation

27/03/2008

Legal form

Private limited company

Registered office

Rue Herrewege 24
1090 Jette · BruxellesSee on map

Contributed capital

178 600,00 €

Latest accounts

31/12/2025

Average workforce

1,1 ETP

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	199,7 k €	+16.4%	171,6 k €	+8.6%	158 k €	+3.5%	152,7 k €	-22.9%	198,2 k €	-17.2%	239,4 k €	+3.4%	231,5 k €	+0.2%	230,9 k €	+4.9%	220,1 k €	+0.2%	219,7 k €	+40.5%	156,3 k €	+21.0%	129,3 k €	-16.2%	154,3 k €	+8.3%	142,5 k €	+12.6%	126,6 k €	+37.1%	92,3 k €	-20.8%	116,6 k €
EBITDA	73,4 k €	+123%	33 k €	-34.6%	50,4 k €	-6.8%	54,1 k €	-5.9%	57,4 k €	-33.8%	86,8 k €	+9.2%	79,5 k €	-5.4%	84 k €	+5.4%	79,6 k €	+4.2%	76,4 k €	+136%	32,4 k €	+3.5%	31,3 k €	+29.9%	24,1 k €	-35.0%	37,1 k €	-44.1%	66,4 k €	+94.5%	34,1 k €	-49.7%	67,9 k €
Operating result	39,3 k €	+1363%	-3,1 k €	-118%	17,7 k €	-21.4%	22,5 k €	-13.1%	25,9 k €	-52.5%	54,5 k €	+20.0%	45,4 k €	-6.3%	48,5 k €	+13.5%	42,7 k €	+7.0%	39,9 k €	+144%	-89,7 k €	-565%	19,3 k €	+59.8%	12,1 k €	-51.9%	25,1 k €	-53.9%	54,4 k €	+138%	22,8 k €	+206%	7,4 k €
Net result	23,5 k €	+235%	-17,4 k €	-909%	2,2 k €	-52.7%	4,5 k €	+10.9%	4,1 k €	-87.0%	31,5 k €	+40.9%	22,4 k €	-4.5%	23,4 k €	+70.6%	13,7 k €	+15.4%	11,9 k €	+111%	-107,6 k €	-1881%	6 k €	+1537%	369 €	-96.0%	9,2 k €	-65.8%	27 k €	+192%	9,2 k €	+215%	-8,1 k €
Balance sheet
Equity	234,7 k €	+11.1%	211,2 k €	-7.6%	228,6 k €	+0.9%	226,4 k €	+2.0%	221,9 k €	+1.9%	217,8 k €	+16.9%	186,3 k €	+13.6%	163,9 k €	+16.7%	140,5 k €	+10.8%	126,8 k €	+10.3%	114,9 k €	+83.9%	62,5 k €	+10.7%	56,4 k €	+0.7%	56,1 k €	+19.8%	46,8 k €	+137%	19,8 k €	+87.7%	10,5 k €
Total assets	767,1 k €	-3.1%	792 k €	-3.0%	816,9 k €	+3.7%	788 k €	-3.9%	819,7 k €	-4.8%	861,2 k €	-2.9%	887,3 k €	-4.4%	928,1 k €	-2.3%	949,8 k €	-1.9%	968,4 k €	-4.4%	1 M €	+261%	280,3 k €	-6.4%	299,6 k €	-6.0%	318,6 k €	-8.9%	349,7 k €	+7.3%	325,8 k €	-6.7%	349,1 k €
Cash	9,8 k €	-37.6%	15,7 k €	+226%	4,8 k €	+71.7%	2,8 k €	-25.7%	3,8 k €	-39.0%	6,2 k €		–		7,7 k €	+163%	2,9 k €	+36415%	8 €		–		10,1 k €	+398%	2 k €	-2.3%	2,1 k €	+16.1%	1,8 k €	-60.7%	4,6 k €	-62.4%	12,1 k €
Debts	524,7 k €	-8.7%	575 k €	-1.9%	586,3 k €	+4.8%	559,5 k €	-6.4%	597,8 k €	-7.1%	643,3 k €	-7.3%	694,3 k €	-8.9%	762,2 k €	-5.4%	805,6 k €	-4.3%	841,5 k €	-5.8%	893,4 k €	+314%	215,6 k €	-10.1%	239,8 k €	-7.8%	260,1 k €	-13.9%	301,9 k €	-1.3%	306 k €	-9.6%	338,6 k €
Other
Workforce	1,1 ETP	-15.4%	1,3 ETP	+18.2%	1,1 ETP	-42.1%	1,9 ETP	0.0%	1,9 ETP	-5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	0.0%	1,9 ETP	-17.4%	2,3 ETP	+15.0%	2,0 ETP	+53.8%	1,3 ETP	0.0%	1,3 ETP	+8.3%	1,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Cem Budak

Director

Active

Isabelle Bruyere

Director

Active

Saadet Atar

Director

Active

Sedat Budak

Director

Active

Ended mandates

CEM BUDAK

Manager

Ended

ISABELLE BRUYERE

Manager

Ended

SAADET ATAR

Manager

Ended

SEDAT BUDAK

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	01/01/2020
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	13/05/2026	20/06/2025	28/06/2024	30/06/2023	30/06/2022	25/06/2021
General meeting	13/05/2026	05/06/2025	31/05/2024	13/06/2023	27/06/2022	20/05/2021
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
Abridged model	31/12/2025	13/05/2026	13/05/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	20/06/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	13/06/2023	30/06/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	30/06/2022	French	PDF
Abridged model	31/12/2020	20/05/2021	25/06/2021	French	PDF
Abridged model	31/12/2019	05/03/2020	26/06/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	07/06/2019	French	PDF
Abridged model	31/12/2017	18/06/2018	22/06/2018	French	PDF
Abridged model	31/12/2016	08/06/2017	09/06/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	16/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	16/07/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	26/06/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	13/07/2012	French	PDF
Abridged model	31/12/2010	08/06/2011	22/06/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	27/07/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 7 ended

Active mandates

Cem Budak

Director

Active

Isabelle Bruyere

Director

Active

Saadet Atar

Director

Active

Sedat Budak

Director

Active

Ended mandates

CEM BUDAK

Manager

Ended

ISABELLE BRUYERE

Manager

Ended

SAADET ATAR

Manager

Ended

SEDAT BUDAK

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/10/2025
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/01/2016
CAPITAL, ACTIONS
PDF
Registered office18/12/2015
SIEGE SOCIAL
PDF
Mandates16/10/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates07/05/2008
DEMISSIONS, NOMINATIONS
PDF
Other11/04/2008
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

2025
Annual accounts 202523,5 k €↑
2024
Annual accounts 2024-17,4 k €↓
2023
Annual accounts 20232,2 k €↓
2022
Annual accounts 20224,5 k €↑
2021
Annual accounts 20214,1 k €↓
2020
Annual accounts 202031,5 k €↑
2019
Annual accounts 201922,4 k €↓
2018
Annual accounts 201823,4 k €↑
2017
Annual accounts 201713,7 k €↑
2016
Annual accounts 201611,9 k €↑
2015
Annual accounts 2015-107,6 k €↓
2014
Annual accounts 20146 k €↑
2013
Annual accounts 2013369 €↓
2012
Annual accounts 20129,2 k €↓
2011
Annual accounts 201127 k €↑
2010
Annual accounts 20109,2 k €↑
2009
Annual accounts 2009-8,1 k €
27/03/2008
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

HBB MANAGEMENT

Overview

What does HBB MANAGEMENT do?

Trend over 17 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