ACTIVE

HVSE Services

Financial year 2025 · Closed on 30/06/2025

Net result116,2 k €-43,3 %over 1 year

Gross margin185,7 k €-38,5 %over 1 year

Equity380,9 k €+43,9 %over 1 year

Identity

Source · BCE/KBO

HVSE Services is a Private limited company incorporated in 2008. Its main activity is: Construction of buildings. Its registered office is in Genk.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0899.411.615
Incorporation: 22/07/2008
Legal form: Private limited company
Registered office: Snoekweyerstraat 2 box 2
3600 Genk · FlandreSee on map
Contributed capital: 20 000,00 €
Latest accounts: 30/06/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 43211Electrical installation 43211Electrical installation 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation+2

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 17 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	185,7 k €	-38.5%	302,2 k €	+295%	-155,3 k €	-148%	326,6 k €	+3110%	-10,9 k €
EBITDA	159,8 k €	+348%	35,7 k €	+122%	-162,4 k €	-156%	290,1 k €	+1415%	-22,1 k €
Operating result	184,3 k €	-28.4%	257,5 k €	+253%	-168,2 k €	-1092%	-14,1 k €	+62.9%	-38,1 k €
Net result	116,2 k €	-43.3%	204,9 k €	+215%	-178,2 k €	-705%	-22,1 k €	+52.5%	-46,7 k €
Balance sheet
Equity	380,9 k €	+43.9%	264,7 k €	+150%	106 k €	-62.7%	284,2 k €	-7.2%	306,4 k €
Total assets	710,5 k €	+6.0%	670,2 k €	+128%	293,6 k €	-26.0%	396,5 k €	-5.5%	419,4 k €
Cash	152,6 k €	-45.8%	281,4 k €	+555%	42,9 k €	+823%	4,7 k €	+120%	2,1 k €
Debts	329,5 k €	-18.7%	405,4 k €	+116%	187,6 k €	+67.1%	112,3 k €	+0.5%	111,7 k €

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

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period
Ulvi Badurlu	DirectorManager20/06/2016 → 2016 accountsended
Ramazan Badurlu	Director
Recep Karabacak	DirectorMandate2011 accountsendedManager2019 accountsended
Yeliz Akkiran	Director

Ended mandates

Director	Mandates in this company	Period
Bob Joustra	Mandate2009 accountsManager2010 accounts
Laurens Mirani	Mandate2009 accountsManager2010 accounts

Other companies at this address

Snoekweyerstraat 2 3600 Genk

Company	CBE no.
E&F LOGISTICS● Bankrupt	1004.564.167
E.G. Projecten● Active	0827.477.801
ELMOTECH● Bankrupt	0511.978.272
Groep Ayba● Bankrupt	0658.722.941
H&A TECH● Active	0779.640.963

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged 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	19/12/2025	23/01/2025	11/12/2023	23/01/2023	28/01/2022	06/01/2021
General meeting	12/12/2025	13/12/2024	08/12/2023	09/12/2022	10/12/2021	11/12/2020
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, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	12/12/2025	19/12/2025	Dutch	PDF
Micro model	30/06/2024	13/12/2024	23/01/2025	Dutch	PDF
Micro model	30/06/2023	08/12/2023	11/12/2023	Dutch	PDF
Micro model	30/06/2022	09/12/2022	23/01/2023	Dutch	PDF
Micro model	30/06/2021	10/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	11/12/2020	06/01/2021	Dutch	PDF
Micro model	30/06/2019	13/12/2019	31/12/2019	Dutch	PDF
Abridged model	30/06/2018	13/12/2018	30/01/2019	Dutch	PDF
Abridged model	30/06/2017	08/12/2017	26/01/2018	Dutch	PDF
Abridged model	30/06/2016	09/12/2016	27/01/2017	Dutch	PDF
Abridged model	30/06/2015	11/12/2015	28/12/2015	Dutch	PDF
Abridged model	30/06/2014	12/12/2014	29/12/2014	Dutch	PDF
Abridged model	30/06/2013	13/12/2013	29/01/2014	Dutch	PDF
Abridged model	30/06/2012	14/12/2012	30/04/2013	Dutch	PDF
Abridged model	30/06/2011	09/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	10/12/2010	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	08/06/2010	10/06/2010	Dutch	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

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period
Ulvi Badurlu	DirectorManager20/06/2016 → 2016 accountsended
Ramazan Badurlu	Director
Recep Karabacak	DirectorMandate2011 accountsendedManager2019 accountsended
Yeliz Akkiran	Director

Ended mandates

Director	Mandates in this company	Period
Bob Joustra	Mandate2009 accountsManager2010 accounts
Laurens Mirani	Mandate2009 accountsManager2010 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/04/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Registered office07/06/2018
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL
PDF
Mandates19/07/2016
Benoeming Zaakvoerder !
PDF
Mandates31/10/2011
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other16/12/2009
Balen”.
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

Filings17 filings

Mandates

Ulvi Badurlu

Recep Karabacak

Yeliz Akkiran

Ramazan Badurlu

Laurens Mirani

Ricky Ho

YASIN KARABACAK

Bob Joustra

2008200920102011201220132014201520162017201820192020202120222023202420252026

HVSE Services

Snoekweyerstraat 2 bte 2, 3600 Genk

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Snoekweyerstraat 2 bte 2, 3600 GenkCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00585479

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HVSE ServicesCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00585479

Events

2025
Annual accounts 2025116,2 k €↓
2024
Annual accounts 2024204,9 k €↑
2023
Annual accounts 2023-178,2 k €↓
2022
Annual accounts 2022-22,1 k €↑
2021
Annual accounts 2021-46,7 k €↓
2020
Annual accounts 2020731 €↓
2019
Annual accounts 2019105,5 k €↑
2018
Annual accounts 201894,5 k €↑
2017
Annual accounts 201783,9 k €↑
2016
Annual accounts 20169 k €↑
2015
Annual accounts 2015-193 €↓
2014
Annual accounts 201419,4 k €↑
2013
Annual accounts 201313,9 k €↓
2012
Annual accounts 201222 k €↑
2011
Annual accounts 2011-11,4 k €↓
2010
Annual accounts 2010385 €↑
2009
Annual accounts 2009-4,6 k €
22/07/2008
IncorporationPrivate limited company

HVSE Services

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