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HAYS

Active
Public limited companyfounded 199135 yrs activeBrugsesteenweg(Kor) 255, 8500 Kortrijk, BelgiumKBO/BCE: BE 0443.465.291
Summary

The annual accounts of HAYS for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €383,455 and a net result of -€1.0m. Equity is shrinking by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 220 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability9▲+2
Solvency29▼-7
Growth24▼-4
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.15 against 1.23 in 2024; short-term debt: 81% and cash: 7.2% of total assets), and 96.4% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€1.0m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 220 sector peers (2025).
NBB · sector comparison
Position among 220 sector peers
Solvency
better than 15%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-12-2025, 58 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
58 d early
2024
165 d late
2023
69 d early
2022
67 d early
2021
62 d early
2020
54 d early
2019
65 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 March 1991, HAYS was incorporated.1 In 2005 the company took the name Hays.2 A capital increase in 2006 brought the capital to EUR 871,973.3 Hays Personnel and I.O.S. SELECT were merged into the company in 2006.3 In 2016 the registered office moved to Kortrijk.4 Of the 4 current board members, Philippe Dullaert has served longest, since 2016.5 Revenue went from EUR 50 million in 2019 to EUR 31 million in 2025 and headcount from 651 to 388 full-time equivalents.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 22-08-2005
  3. 3Belgian State Gazette, 06-02-2006
  4. 4Belgian State Gazette, 16-06-2016
  5. 5Belgian State Gazette, 21-01-2025
  6. 6National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€31.4m▼ 23.5%
2024 · €41.0m
EBIT margin
-2.8%▼ 0.1pp
2024 · -2.7%
Net result
-€1.0m▲ 34.6%
2024 · -€1.6m
Working capital
€1.3m▼ 43.8%
2024 · €2.3m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€34.4m▼ 15.9%€38.1m▲ 10.8%€37.0m▼ 2.8%€41.0m▲ 10.7%€31.4m▼ 23.5%
Operating result€1.1m▼ 69.7%€503,917▼ 52.5%€921,749▲ 82.9%-€1.1m-€877,619▲ 20.9%
Net result€530,900above the sector's middle half▼ 75.4%€127,568within the sector's middle half▼ 76.0%€370,355within the sector's middle half▲ 190%-€1.6mbelow the sector's middle half-€1.0mbelow the sector's middle half▲ 34.6%
EBIT margin3.1%▼ 5.5pp1.3%▼ 1.8pp2.5%▲ 1.2pp-2.7%▼ 5.2pp-2.8%▼ 0.1pp
Equity€2.5mwithin the sector's middle half▼ 44.1%€2.6mwithin the sector's middle half▲ 5.1%€3.0mabove the sector's middle half▲ 14.1%€1.4mwithin the sector's middle half▼ 52.7%€383,455within the sector's middle half▼ 72.9%
Total assets€14.6mabove the sector's middle half▼ 24.4%€12.3mabove the sector's middle half▼ 15.7%€12.9mabove the sector's middle half▲ 5.0%€13.3mabove the sector's middle half▲ 3.2%€10.6mabove the sector's middle half▼ 20.4%
Debt€12.1m▼ 18.4%€9.7m▼ 20.0%€9.9m▲ 2.5%€10.5m▲ 5.6%€8.9m▼ 14.7%
Working capital€1.8mwithin the sector's middle half▼ 47.5%€1.9mwithin the sector's middle half▲ 9.0%€2.1mabove the sector's middle half▲ 11.7%€2.3mabove the sector's middle half▲ 8.6%€1.3mwithin the sector's middle half▼ 43.8%
Solvency17.1%within the sector's middle half▼ 6.1pp21.3%within the sector's middle half▲ 4.2pp23.2%within the sector's middle half▲ 1.9pp10.6%within the sector's middle half▼ 12.6pp3.6%below the sector's middle half▼ 7.0pp
Current ratio1.15within the sector's middle half▼ 0.081.21within the sector's middle half▲ 0.051.22within the sector's middle half▲ 0.021.23within the sector's middle half▲ 0.011.15within the sector's middle half▼ 0.08
Return on assets (ROA)3.6%within the sector's middle half▼ 7.6pp1.0%within the sector's middle half▼ 2.6pp2.9%within the sector's middle half▲ 1.8pp-11.8%below the sector's middle half▼ 14.7pp-9.7%below the sector's middle half▲ 2.1pp
Staff (FTE)476.2above the sector's middle half▼ 16.1%520.3above the sector's middle half▲ 9.3%481.7above the sector's middle half▼ 7.4%504.3above the sector's middle half▲ 4.7%388.4above the sector's middle half▼ 23.0%
above within below the middle half (P25 to P75) of NACE 78, Employment activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€2.0m-€1.0m€0€1.0mOperating result 2021: €1.1m€1.1mNet result 2021: €530,900€530,900Operating result 2022: €503,917€503,917Net result 2022: €127,568€127,568Operating result 2023: €921,749€921,749Net result 2023: €370,355€370,355Operating result 2024: -€1.1m-€1.1mNet result 2024: -€1.6m-€1.6mOperating result 2025: -€877,619-€877,619Net result 2025: -€1.0m-€1.0m20212022202320242025-€2m-€1m€0€1mOperating result 2023: €921,749€922,000Net result 2023: €370,355€370,000Operating result 2024: -€1.1m-€1.1mNet result 2024: -€1.6m-€1.6mOperating result 2025: -€877,619-€878,000Net result 2025: -€1.0m-€1m202320242025
The operating result stays negative: a loss of €877,619 in 2025 against €1.1m in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.6m
Fixed assets €705,502 ▼ 16.8%
Current assets €9.9m ▼ 20.6%
Equity and liabilities €10.6m
Equity €383,455 ▼ 72.9%
Provisions €1.3m ▼ 10.0%
Debt €8.9m ▼ 14.7%
Debt's share of the balance-sheet total rises from 78.6% to 84.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€598,256▲
2024 · -€755,188
Cash flow
-€751,374▲
2024 · -€1.2m
Debt to equity
23.25▲
2024 · 7.39
ROE
-268.8%▼
2024 · -111.4%
Interest coverage
-3.21▲
2024 · -5.28
Debt ≤ 1 year
€8.6m▼
2024 · €10.1m
Income taxes
-€9,409▼
2024 · €347,320
Staff costs
€28.1m▼
2024 · €36.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Large
  • solvency under 10%
  • a small loss
  • without age
1.0% went bankrupt
1.0% stopped otherwise
97% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 105 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet Code20242025
Assets
Total assets20/58€13.3m€10.6m▼
Fixed assets21/28€847,816€705,502▼
Intangible fixed assets21€17,984€9,923▼
Tangible fixed assets22/27€827,595€692,952▼
Plant, machinery and equipment23€1,487€1,487=
Furniture and vehicles24€200,889€107,192▼
Other tangible fixed assets26€606,298€563,225▼
Assets under construction and advance payments27€18,920€21,048▲
Financial fixed assets28€2,238€2,628▲
Other financial fixed assets284/8€2,238€2,628▲
Amounts receivable and cash guarantees285/8€2,238€2,628▲
Current assets29/58€12.5m€9.9m▼
Amounts receivable within one year40/41€11.1m€8.7m▼
Trade receivables40€9.6m€7.3m▼
Other amounts receivable41€1.6m€1.4m▼
Cash at bank and in hand54/58€820,218€759,634▼
Deferred charges and accrued income490/1€491,134€453,033▼
Equity and liabilities
Total equity and liabilities10/49€13.3m€10.6m▼
Equity10/15€1.4m€383,455▼
Contributions10/11€871,973€871,973=
Capital10€871,973€871,973=
Issued capital100€871,973€871,973=
Reserves13€542,218€87,197▼
Non-distributable reserves130/1€87,197€87,197=
Legal reserve130€87,197€87,197=
Distributable reserves133€455,021-
Profit (loss) carried forward14--€575,715
Provisions and deferred taxes16€1.4m€1.3m▼
Provisions for liabilities and charges160/5€1.4m€1.3m▼
Major repairs and maintenance162€135,000€135,000=
Other liabilities and charges164/5€1.3m€1.2m▼
Amounts payable17/49€10.5m€8.9m▼
Amounts payable within one year42/48€10.1m€8.6m▼
Trade debts44€1.4m€1.2m▼
Suppliers440/4€1.4m€1.2m▼
Advances received on contracts in progress46€148,422€168,932▲
Taxes, remuneration and social security45€6.2m€4.5m▼
Taxes450/3€1.5m€1.3m▼
Remuneration and social security454/9€4.6m€3.2m▼
Other amounts payable47/48€2.4m€2.8m▲
Accrued charges and deferred income492/3€321,258€334,862▲
Income statement Code20242025
Operating income70/76A€44.8m€35.7m▼
Turnover70€41.0m€31.4m▼
Other operating income74€3.8m€4.3m▲
Non-recurring operating income76A-€1,886
Operating charges60/66A€45.9m€36.6m▼
Services and other goods61€7.9m€8.2m▲
Remuneration, social security and pensions62€36.0m€28.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€354,428€279,362▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€12,304€55,279▲
Provisions for liabilities and charges: additions (uses and reversals)635/8--€375,022
Other operating charges640/8€38,803€46,302▲
Non-recurring operating charges66A€1.6m€232,170▼
Operating profit (loss)9901-€1.1m-€877,619▲
Financial income75/76B€30,538€42,226▲
Recurring financial income75€30,538€42,226▲
Income from current assets751€30,464€38,152▲
Other financial income752/9€74€4,074▲
Financial charges65/66B€148,773€204,753▲
Recurring financial charges65€148,773€204,753▲
Debt charges650€143,081€186,612▲
Other financial charges652/9€5,692€18,141▲
Profit (loss) for the period before taxes9903-€1.2m-€1.0m▲
Income taxes67/77€347,320-€9,409▼
Taxes670/3€347,320€4,333▼
Tax adjustments and reversals of tax provisions77-€13,743
Profit (loss) for the period9904-€1.6m-€1.0m▲
Profit (loss) for the period to be appropriated9905-€1.6m-€1.0m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.6m-€1.0m▲
Transfer from equity791/2€1.6m€455,021▼
From reserves792€1.6m€455,021▼
Social balance
Average headcount (FTE)9087504.3388.4▼

The notes to these accounts (50 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A-€40.7m€40.6m€44.8m€35.7m▼ 20.3%
Turnover70€34.4m€38.1m€37.0m€41.0m€31.4m▼ 23.5%
Other operating income74-€2.6m€3.5m€3.8m€4.3m▲ 13.8%
Non-recurring operating income76A--€17,228-€1,886-
Operating charges60/66A-€40.2m€39.7m€45.9m€36.6m▼ 20.4%
Services and other goods61-€6.9m€7.5m€7.9m€8.2m▲ 3.4%
Remuneration, social security and pensions62-€32.9m€31.7m€36.0m€28.1m▼ 21.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€404,518€347,815€343,191€354,428€279,362▼ 21.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€22,000€12,304-€12,304€55,279▲ 549%
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€375,022-
Other operating charges640/8-€45,115€56,634€38,803€46,302▲ 19.3%
Non-recurring operating charges66A---€1.6m€232,170▼ 85.6%
Operating profit (loss)9901€1.1m€503,917€921,749-€1.1m-€877,619▲ 20.9%
Financial income75/76B-€2,018€13,270€30,538€42,226▲ 38.3%
Recurring financial income75€7€2,018€13,270€30,538€42,226▲ 38.3%
Income from current assets751--€13,254€30,464€38,152▲ 25.2%
Other financial income752/9-€2,018€16€74€4,074▲ 5,404%
Financial charges65/66B-€96,399€130,804€148,773€204,753▲ 37.6%
Recurring financial charges65€109,348€96,399€130,804€148,773€204,753▲ 37.6%
Debt charges650€101,612€86,056€124,500€143,081€186,612▲ 30.4%
Other financial charges652/9-€10,343€6,304€5,692€18,141▲ 219%
Profit (loss) for the period before taxes9903€950,440€409,536€804,215-€1.2m-€1.0m▲ 15.3%
Income taxes67/77€419,540€281,968€433,860€347,320-€9,409▼ 103%
Taxes670/3-€295,000€433,860€347,320€4,333▼ 98.8%
Tax adjustments and reversals of tax provisions77-€13,032--€13,743-
Profit (loss) for the period9904€530,900€127,568€370,355-€1.6m-€1.0m▲ 34.6%
Profit (loss) for the period to be appropriated9905€530,900€127,568€370,355-€1.6m-€1.0m▲ 34.6%
Line20212022202320242025Change
Assets
Total assets20/58€14.6m€12.3m€12.9m€13.3m€10.6m▼ 20.4%
Fixed assets21/28€1.1m€1.0m€1.2m€847,816€705,502▼ 16.8%
Intangible fixed assets21€31,005€28,527€29,453€17,984€9,923▼ 44.8%
Tangible fixed assets22/27€1.1m€1.0m€1.2m€827,595€692,952▼ 16.3%
Plant, machinery and equipment23-€1,487€1,487€1,487€1,487=
Furniture and vehicles24-€218,862€214,852€200,889€107,192▼ 46.6%
Other tangible fixed assets26-€780,064€965,270€606,298€563,225▼ 7.1%
Assets under construction and advance payments27---€18,920€21,048▲ 11.2%
Financial fixed assets28€1,590€1,590€2,238€2,238€2,628▲ 17.4%
Other financial fixed assets284/8-€1,590€2,238€2,238€2,628▲ 17.4%
Amounts receivable and cash guarantees285/8-€1,590€2,238€2,238€2,628▲ 17.4%
Current assets29/58€13.4m€11.2m€11.7m€12.5m€9.9m▼ 20.6%
Amounts receivable within one year40/41€12.7m€10.0m€10.4m€11.1m€8.7m▼ 22.2%
Trade receivables40-€6.8m€8.4m€9.6m€7.3m▼ 24.2%
Other amounts receivable41-€3.3m€2.0m€1.6m€1.4m▼ 9.8%
Cash at bank and in hand54/58€484,609€843,848€819,950€820,218€759,634▼ 7.4%
Deferred charges and accrued income490/1-€353,829€421,740€491,134€453,033▼ 7.8%
Equity and liabilities
Total equity and liabilities10/49€14.6m€12.3m€12.9m€13.3m€10.6m▼ 20.4%
Equity10/15€2.5m€2.6m€3.0m€1.4m€383,455▼ 72.9%
Contributions10/11€871,973€871,973€871,973€871,973€871,973=
Capital10-€871,973€871,973€871,973€871,973=
Issued capital100-€871,973€871,973€871,973€871,973=
Reserves13€1.6m€1.7m€2.1m€542,218€87,197▼ 83.9%
Non-distributable reserves130/1-€87,197€87,197€87,197€87,197=
Legal reserve130-€87,197€87,197€87,197€87,197=
Distributable reserves133-€1.7m€2.0m€455,021--
Profit (loss) carried forward14€3.4m----€575,715-
Provisions and deferred taxes16---€1.4m€1.3m▼ 10.0%
Provisions for liabilities and charges160/5---€1.4m€1.3m▼ 10.0%
Major repairs and maintenance162---€135,000€135,000=
Other liabilities and charges164/5---€1.3m€1.2m▼ 11.0%
Amounts payable17/49€12.1m€9.7m€9.9m€10.5m€8.9m▼ 14.7%
Amounts payable within one year42/48€11.7m€9.3m€9.5m€10.1m€8.6m▼ 15.3%
Trade debts44€885,506€1.1m€1.0m€1.4m€1.2m▼ 15.4%
Suppliers440/4-€1.1m€1.0m€1.4m€1.2m▼ 15.4%
Advances received on contracts in progress46-€280,416€140,820€148,422€168,932▲ 13.8%
Taxes, remuneration and social security45-€5.6m€6.1m€6.2m€4.5m▼ 27.6%
Taxes450/3-€1.3m€1.8m€1.5m€1.3m▼ 18.5%
Remuneration and social security454/9-€4.3m€4.3m€4.6m€3.2m▼ 30.6%
Other amounts payable47/48-€2.3m€2.3m€2.4m€2.8m▲ 13.8%
Accrued charges and deferred income492/3-€325,932€362,231€321,258€334,862▲ 4.2%
Line20212022202320242025Change
Profit (loss) for the period9904€530,900€127,568€370,355-€1.6m-€1.0m▲ 34.6%
+ Depreciation and write-downs630€404,518€347,815€343,191€354,428€279,362▼ 21.2%
Operating cash flow (approximation)€935,418€475,383€713,546-€1.2m-€751,374▲ 38.4%
Investment in fixed assets (approximation)--€230,221-€525,961€11,056-€137,048▼ 1,340%
Change in cash-€359,239-€23,898€268-€60,585▼ 22,696%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
23-02
State Gazette act Permanent representatives: Mathias Berten and Wouter Coppens
Reappointment: PwC Bedrijfsrevisoren (statutory auditor) · Auditor representative change5 facts ▸
  • General meeting, 12-11-2025
  • Permanent representative, Mathias Berten
  • Permanent representative, Wouter Coppens
  • Auditor reappointment, PwC Bedrijfsrevisoren
  • Auditor representative change, boekjaar eindigend op 30/06/2025
2025
04-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
05-11
State Gazette act Resignation: Rob Vanuxem (day-to-day manager)
Power of attorney3 facts ▸
  • Board meeting, 13-10-2025
  • Director resignation, Rob Vanuxem (day-to-day manager)
  • Power of attorney, Rob Vanuxem
04-11
State Gazette act Resignation: Michel Grigner (director)
Appointment: Felipe Carabetti (director) · Mandate compensation · Power of attorney11 facts ▸
  • General meeting, 11-09-2025
  • Director resignation, Michel Grigner (director)
  • Director appointment, Felipe Carabetti (director)
  • Mandate compensation, Felipe Carabetti
  • Board meeting, 12-09-2025
  • Power of attorney, Philippe Dullaert
  • Power of attorney, Hamid Hajjab
  • Power of attorney, Philippe Dullaert
  • Power of attorney, Rob Vanuxem
  • Power of attorney, Elien Verdegem
  • Mandate compensation, Philippe Dullaert
15-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 165 days late
05-02
State Gazette act Resignation: Tina Ling (director)
Appointment: Christoph Niewerth (director) · Mandate compensation4 facts ▸
  • General meeting, 12-11-2024
  • Director resignation, Tina Ling (director)
  • Director appointment, Christoph Niewerth (director)
  • Mandate compensation, Christoph Niewerth
21-01
State Gazette act Appointments: Philippe Dullaert (day-to-day manager) and Robby Vanuxem (day-to-day manager)
Mandate compensation · Power of attorney · Power-of-attorney revocation14 facts ▸
  • Board meeting, 06-12-2023
  • Director appointment, Philippe Dullaert (day-to-day manager)
  • Director appointment, Robby Vanuxem (day-to-day manager)
  • Mandate compensation, Philippe Dullaert
  • Mandate compensation, Robby Vanuxem
  • Power of attorney, Philippe Dullaert
  • Mandate compensation, Philippe Dullaert
  • Power of attorney, Elien Verdegem
  • Mandate compensation, Elien Verdegem
  • Power of attorney, Ilse Bogaert
  • Mandate compensation, Ilse Bogaert
  • Power-of-attorney revocation, Hays
  • +2 further facts in this act
2024
30-06
Financial Weakest financial yearnet -€1.6m
Net result drops to -€1.6m, the lowest in the series; recovery starts the following year.
2023
22-12
State Gazette act Statutes amendment
Capital · Power of attorney4 facts ▸
  • General meeting, 05-12-2023
  • Statutes amendment
  • Capital, €871.973,38
  • Power of attorney, HAYS
23-11
NBB filing Annual accounts filed
fiscal year 2023 · full schema
28-06
State Gazette act Resignations & appointments
Power of attorney · Mandate compensation9 facts ▸
  • Board meeting, 25-04-2023
  • Power of attorney, Philippe Dullaert
  • Power of attorney, Philippe Dullaert
  • Mandate compensation, Philippe Dullaert
  • Power of attorney, Philippe Dullaert
  • Power of attorney, Robby Vanuxem
  • Power of attorney, Elien Verdegem
  • Power of attorney, Philippe Dullaert
  • Mandate compensation, Philippe Dullaert
28-04
State Gazette act Appointments: Michel Grigner (director) and PwC Bedrijfsrevisoren (statutory auditor)
Resignation: James Musgrave (director) · Permanent representative: Wouter Coppens · Mandate compensation7 facts ▸
  • General meeting, 08-11-2022
  • Director appointment, Michel Grigner (director)
  • Mandate compensation, Michel Grigner
  • Director resignation, James Musgrave (director)
  • Director discharge, James Musgrave
  • Auditor appointment, PwC Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Wouter Coppens
Show earlier events
2022
25-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
03-12
State Gazette act Reappointments: Tina Ling (director) and James Musgrave (director)
Mandate compensation5 facts ▸
  • General meeting, 09-11-2021
  • Director reappointment, Tina Ling (director)
  • Mandate compensation, Tina Ling
  • Director reappointment, James Musgrave (director)
  • Mandate compensation, James Musgrave
30-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema
13-08
State Gazette act Permanent representative: Wouter Coppens
1 fact ▸
  • Permanent representative, Wouter Coppens
2020
08-12
NBB filing Annual accounts filed
fiscal year 2020 · full schema
25-06
State Gazette act Reappointment: CVBA PwC Bedrijfsrevisoren (statutory auditor)
Permanent representative: Ilse De Baets3 facts ▸
  • General meeting, 12-11-2019
  • Auditor reappointment, CVBA PwC Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Ilse De Baets
2019
16-12
State Gazette act Resignation: James Hilton (director)
2 facts ▸
  • General meeting, 13-11-2018
  • Director resignation, James Hilton (director)
27-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2018
10-12
State Gazette act Reappointment: Tina Ling (director)
Appointment: James Musgrave (director) · Mandate compensation5 facts ▸
  • General meeting, 13-11-2018
  • Director reappointment, Tina Ling (director)
  • Mandate compensation, Tina Ling
  • Director appointment, James Musgrave (director)
  • Mandate compensation, James Musgrave
05-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema
29-06
State Gazette act Resignation: Nicholas Raymond Cox (director)
Director discharge3 facts ▸
  • General meeting, 14-11-2017
  • Director resignation, Nicholas Raymond Cox (director)
  • Director discharge, Nicholas Raymond Cox
2017
22-11
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
02-12
State Gazette act Reappointment: Nicholas Cox (director)
Resignation: Deloitte bedrijfsrevisoren CVBA (statutory auditor) · Permanent representatives: Mario Dekeyser and Ilse De Baets · Appointment: BCVBA PwC Bedrijfsrevisoren (statutory auditor)8 facts ▸
  • General meeting, 08-11-2016
  • Director reappointment, Nicholas Cox (director)
  • Mandate compensation, Nicholas Cox
  • Director resignation, Deloitte bedrijfsrevisoren CVBA (statutory auditor)
  • Permanent representative, Mario Dekeyser
  • Auditor appointment, BCVBA PwC Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Ilse De Baets
  • Mandate compensation, BCVBA PwC Bedrijfsrevisoren
23-11
NBB filing Annual accounts filed
fiscal year 2016 · full schema
16-06
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 07-04-2016
  • Registered-office move, Brugsesteenweg 255 te 8500 Kortrijk
09-05
State Gazette act Appointments: Robby Vanuxem (member of the executive committee) and Philippe Dullaert (member of the executive committee)
Management agreement6 facts ▸
  • Board meeting, 04-01-2016
  • Director appointment, Robby Vanuxem (member of the executive committee)
  • Director appointment, Philippe Dullaert (member of the executive committee)
  • Board resolution, Oprichting van een directiecomité overeenkomstig artikel 524bis WVV en artikel 17 van de statuten
  • Management agreement, Goedkeuring managementovereenkomst
  • Management agreement, Goedkeuring managementovereenkomst
21-03
State Gazette act Statutes amendment
3 facts ▸
  • General meeting, 21-01-2016
  • Statutes amendment
  • Statutes amendment
03-02
State Gazette act Resignations: Mark Brunning (director) and WDB Consult GCV (director)
Appointments: Tina Elizabeth Susie Phil Ling (director) and James Hilton (director) · Reappointment: Deloitte Bedrijfsrevisoren CVBA (statutory auditor) · Director discharge10 facts ▸
  • General meeting, 10-11-2015
  • Director resignation, Mark Brunning (director)
  • Director discharge, Mark Brunning
  • Director resignation, WDB Consult GCV (director)
  • Director discharge, WDB Consult GCV
  • Director appointment, Tina Elizabeth Susie Phil Ling (director)
  • Mandate compensation, Tina Elizabeth Susie Phil Ling
  • Director appointment, James Hilton (director)
  • Mandate compensation, James Hilton
  • Auditor reappointment, Deloitte Bedrijfsrevisoren CVBA
2013
15-02
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren CVBA (statutory auditor)
2 facts ▸
  • General meeting, 13-11-2012
  • Auditor reappointment, Deloitte Bedrijfsrevisoren CVBA
2011
19-07
State Gazette act Resignation: Mark lan James Berry (director)
2 facts ▸
  • Board meeting, 05-05-2011
  • Director resignation, Mark lan James Berry (director)
22-04
State Gazette act Resignations: Comm V WDB CONSULT, Nicholas Raymond Cox and Mark James Berry
Reappointments: Comm V WDB CONSULT, Mark James Berry and Nicholas Raymond Cox · Permanent representative: Wilfrid De Brouwer10 facts ▸
  • General meeting, 24-12-2010
  • Director resignation, Comm V WDB CONSULT (director)
  • Director resignation, Nicholas Raymond Cox (director)
  • Director resignation, Mark James Berry (director)
  • Director reappointment, Comm V WDB CONSULT (director)
  • Director reappointment, Mark James Berry (director)
  • Director reappointment, Nicholas Raymond Cox (director)
  • Permanent representative, Wilfrid De Brouwer
  • Board meeting, 24-12-2010
  • Director reappointment, Comm V WDB CONSULT (managing director and chair of the board)
23-03
State Gazette act Reappointment: DELOITTE BEDRIJFSREVISOREN (statutory auditor)
2 facts ▸
  • General meeting, 10-11-2009
  • Auditor reappointment, DELOITTE BEDRIJFSREVISOREN
2009
31-08
State Gazette act Resignation: RST NV (director)
Appointment: Mark Clive Brunning (director) · Permanent representative: Michael Johannes Joseph Roozen6 facts ▸
  • General meeting, 15-01-2009
  • Director resignation, RST NV (director)
  • Director appointment, Mark Clive Brunning (director)
  • Board composition, Mark Clive Brunning (director)
  • Board composition, Mark Ian James Berry (director)
  • Permanent representative, Michael Johannes Joseph Roozen
2007
29-01
State Gazette act Resignations: BVBA CALCOR (director and managing director) and Michael Roozen (director)
Permanent representatives: Patrick Cornette and Michael Roozen · Appointment: NV RST (director and managing director)6 facts ▸
  • General meeting, 22-08-2006
  • Director resignation, BVBA CALCOR (director and managing director)
  • Permanent representative, Patrick Cornette
  • Director resignation, Michael Roozen (director)
  • Director appointment, NV RST (director and managing director)
  • Permanent representative, Michael Roozen
2006
06-02
State Gazette act Capital & shares · Restructuring
Merger · Share issue · Accounting effect10 facts ▸
  • General meeting, 19-01-2006
  • Merger, 19-01-2006
  • Merger, 19-01-2006
  • Share issue, 76, 26700
  • Share issue, 3884, 200
  • Accounting effect, 01-07-2005
  • Capital increase, €681.973,38
  • Capital, €871.973,38
  • Statutes amendment
  • Power of attorney, ROOZEN Michiel Johannes Joseph
2005
22-08
State Gazette act Capital & shares · Statutes amendment
Name change · Power of attorney6 facts ▸
  • General meeting, 28-06-2005
  • Name change, Hays
  • Statutes amendment
  • Statutes amendment
  • Power of attorney, Philip Van Nevel
  • Power of attorney, Els De Troyer
18-07
State Gazette act Reappointments: C.P.C. CONSULTING, Denis WAXMAN and 3 others
Permanent representatives: Patrick CORNETTE and Wilfrid DE BROUWER9 facts ▸
  • General meeting, 09-11-2004
  • Board meeting, 09-11-2004
  • Director reappointment, C.P.C. CONSULTING (director)
  • Permanent representative, Patrick CORNETTE
  • Director reappointment, Denis WAXMAN (director)
  • Director reappointment, Mark BRUNNING (director)
  • Director reappointment, Michael ROOZEN (director)
  • Director reappointment, WDB CONSULT (director and managing director)
  • Permanent representative, Wilfrid DE BROUWER
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
28 of 28 acts read

Directors · office · real estate

Directors
2 directors, 2 in day-to-day management, no change since 2025

Board 2

Christoph Niewerth
Director · since 13-11-2024
Current
Felipe Carabetti
Director · since 11-09-2025
Current
8 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
C.P.C. CONSULTING
Director · since 09-11-2004 · Legal entity · perm. rep.: Patrick CORNETTE
Not recently confirmed
WAXMAN Denis
Director · since 09-11-2004
Not recently confirmed
WDB CONSULT
Director and managing director · since 09-11-2004 · Legal entity · perm. rep.: Wilfrid DE BROUWER
Not recently confirmed
Mark Clive Brunning
Director · since 10-07-2009
Not recently confirmed
Mark James Berry
Director · since 24-12-2010
Not recently confirmed
WDB CONSULT COMM V
Director · since 24-12-2010 · Legal entity · perm. rep.: Wilfrid De Brouwer
Not recently confirmed
Tina Elizabeth Susie Phil Ling
Director · since 10-11-2015
Not recently confirmed
Nicholas Cox
Director · since 08-11-2016
Not recently confirmed

Day-to-day management 2

Philippe Dullaert
Day-to-day manager · since 04-01-2016
Current
Robby Vanuxem
Day-to-day manager · since 04-01-2016
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
WDB CONSULT COMM V
Managing director and chair of the board · since 24-12-2010 · Legal entity · perm. rep.: Wilfrid De Brouwer
Not recently confirmed
WDB CONSULT
Director and managing director · since 09-11-2004 · Legal entity · perm. rep.: Wilfrid DE BROUWER
Not recently confirmed

Permanent representatives 2

Patrick CORNETTE
Permanent representative · since 09-11-2004 · for C.P.C. CONSULTING
Not recently confirmed
Wilfrid De Brouwer
Permanent representative · since 24-12-2010 · for WDB CONSULT COMM V
Not recently confirmed

Statutory auditor 1

Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 6 establishment units since 1997
seat establishment approximate All 6 establishment units on the map
Ground area
12.6 ha
Building footprint
4,063 m²
Volume, LiDAR
58,488 m³
5 parcels, Flanders, Wallonia · tallest building 22.6 m, ±6 floors. Linked by address, not a title deed.
6 establishment units
HAYS
Kortrijksesteenweg 1084, 9000 GentNACE 74501
since 19972.052.159.021
HAYS
Dampoortstraat 265, 8310 BruggeNACE 74501
since 19972.052.158.922
HAYS
Culliganlaan 2A, 1831 Machelen (Brab.)NACE 74501
since 19982.052.158.724
HAYS
Noordersingel 23, 2140 AntwerpenNACE 74501
since 20012.142.964.481
Hays NV
Rue Granbonpré 11, 1435 Mont-Saint-GuibertNACE 74501
since 20062.153.654.772
HAYS
Brugsesteenweg(Kor) 255, 8500 KortrijkEmployment placement agencies
since 20082.172.281.940
5 parcels
Flanders 4 (80%) Wallonia 1 (20%)
Parcel (capakey) Region Area Buildings Height / fl.
25020B0074/00B002 Wallonia 6.2 ha 1 · 17 m² 7.8 m · 2 fl.
23015B0090/00L000 Flanders 3.4 ha 1 · 876 m² 21.9 m · 5 fl.
11312A0056/00B010 Flanders 1.6 ha 1 · 2,150 m² 22.6 m · 6 fl.
31029C0506/00E003 Flanders 7,487 m² 1 · 377 m² -
34352B0961/04A000 Flanders 6,675 m² 1 · 642 m² 16.9 m · 4 fl.
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

26 people since 2004, 13 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Christoph Niewerth
  • Director, from 13-11-2024 to date
Felipe Carabetti
  • Director, from 11-09-2025 to date
Philippe Dullaert
  • Member of the executive committee, from 04-01-2016 to date
Robby Vanuxem
  • Member of the executive committee, from 04-01-2016 to date
PricewaterhouseCoopers Reviseurs d'Entreprises
  • Auditor, from 08-11-2016 to date
C.P.C. CONSULTING
  • Director, already before 09-11-2004 not ended, last confirmed 18-07-2005
WAXMAN Denis
  • Director, already before 09-11-2004 not ended, last confirmed 18-07-2005
WDB CONSULT
  • Director and managing director, already before 09-11-2004 not ended, last confirmed 18-07-2005
  • Director and managing director, already before 09-11-2004 not ended, last confirmed 18-07-2005
Mark Clive Brunning
  • Director, from 10-07-2009 not ended, last confirmed 31-08-2009
Mark James Berry
  • Director, already before 24-12-2010 not ended, last confirmed 22-04-2011
WDB CONSULT COMM V
  • Director, already before 24-12-2010 not ended, last confirmed 22-04-2011
  • Managing director and chair of the board, already before 24-12-2010 not ended, last confirmed 22-04-2011
Tina Elizabeth Susie Phil Ling
  • Director, from 10-11-2015 not ended, last confirmed 03-02-2016
Nicholas Cox
  • Director, already before 08-11-2016 not ended, last confirmed 02-12-2016
Rob Vanuxem
  • Day-to-day manager, until 14-10-2025
Michel Grigner
  • Director, from 08-11-2022 to 09-04-2025
Tina Ling
  • Director, already before 13-11-2018 to 12-11-2024
James Musgrave
  • Director, from 13-11-2018 to 08-11-2022
James Hilton
  • Director, from 10-11-2015 to 13-11-2018
Nicholas Raymond Cox
  • Director, already before 24-12-2010 to 14-11-2017
Deloitte Bedrijfsrevisoren
  • Auditor, from 10-11-2009 to 08-11-2016
Mark Brunning
  • Director, already before 09-11-2004 to 19-11-2015
WDB Consult GCV
  • Director, until 10-11-2015
Mark lan James Berry
  • Director, until 01-07-2011
NV RST
  • Director and managing director, from 01-09-2006 to 10-07-2009
  • Director and managing director, from 01-09-2006 ended, last mentioned 29-01-2007
ROOZEN Michael
  • Director, already before 09-11-2004 to 01-09-2006
Calcor BVBA
  • Director and managing director, until 22-08-2006
  • Director and managing director, until 22-08-2006
See the board, name and seat on a given date →

Articles of association

Purpose
De vennootschap heeft uitzendarbeid tot enig voorwerp. Nochtans, in Vlaanderen en indien aan de voorwaarden voldaan is in het buitenland, kan de vennootschap elke tak van…
Full purpose

De vennootschap heeft uitzendarbeid tot enig voorwerp. Nochtans, in Vlaanderen en indien aan de voorwaarden voldaan is in het buitenland, kan de vennootschap elke tak van arbeidsbemiddeling beoefenen, alsmede andere activiteiten zoals opleiding, onderaannemingsactiviteiten, projectbureau, consulting, het verstrekken van bedrijfsadvies op het vlak van management, financieel beheer, informaticatechnologie in de ruimste zin (alsmede het verlenen van elke vorm van bijstand op dit domein), het organiseren van seminaries en bijeenkomsten in het kader van voorschreven activiteiten (alsmede het ter beschikking stellen van alle bijhorende uitrusting en faciliteiten) etc... In Brussel en Wallonië behoudt de vennootschap uitzendarbeid als exclusief doel. De activiteiten zoals beschreven hierboven zullen ook in Brussel en Wallonië kunnen worden uitgeoefend vanaf het ogenblik dat de wetgeving in deze gewesten wordt aangepast aan de IAO-Conventie 181. Zij mag alle handels-, nijverheids-, financiële, roerende of onroerende handelingen verrichten die rechtstreeks of onrechtstreeks betrekking hebben op haar voorwerp. De vennootschap mag op welke wijze ook betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk, een gelijkaardig of samenhangend voorwerp hebben of die de ontwikkeling van haar doel kunnen bevorderen.

Structure & network

Connections & network

4 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Acquisitions and mergers

2 transactions
Took over:Hays Personnel
merger by absorption · State Gazette act of 06-02-2006 · effective 19-01-2006
Took over:I.O.S. SELECT
merger by absorption · State Gazette act of 06-02-2006 · effective 19-01-2006

Capital and shareholders

Capital over the years
  1. 22-12-2023 Capital stated in the act · 871,973.38 EUR · 5,372 shares
  2. 06-02-2006 Capital increase of 681,973.38 EUR · to 871,973.38 EUR · 3,960 new shares

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 13,787 EUR awarded · 13,787 EUR paid
Year Entries awardedpaid
2025 2 -2,835 EUR498 EUR
2024 1 5,160 EUR1,827 EUR
2023 2 8,237 EUR8,237 EUR
2022 1 3,225 EUR3,225 EUR
Schemes
3 entries · 9,504 EUR · 9,504 EUR paid · Departement Werk en Sociale Economie
1 entry · 2,456 EUR · 2,456 EUR paid · Departement Werk en Sociale Economie
2 entries · 1,827 EUR · 1,827 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Of 1,014 companies in sector 78200 we hold annual accounts for 645. 428 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded07-03-1991
Fiscal year end30-06
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
Contact
E-mail wavre@hays.comMont-Saint-Guibert
Phone 010/233700Mont-Saint-Guibert
Fax 010/233705Mont-Saint-Guibert
E-invoicing
Reachable via Peppol
Peppol ID 0208:0443465291
Also 9925:BE0443465291

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Register as of 28 September 2026 · Peppol Directory

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