HNC
Annual accounts 2025
micro format, filed on 04-06-2026, 57 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €200,000 and €460,000.
Balance sheet
balance sheet total €188,453 on 31-12-2025in euro
in euro
Position in the sector
53.4%
Higher than 57% of 37,177 companies in 2025.
1.91
Higher than 52% of 36,472 companies in 2025.
9.8%
Higher than 58% of 36,707 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
188,453 | 195,584 | 184,950 | 262,147 | 201,325 | 173,252 | 132,068 | 140,258 | 124,543 | 151,529 | 180,138 | 155,251 | 140,143 | 138,582 | 162,936 | 125,864 | 120,827 | |
21/28 |
20,755 | 38,013 | 58,637 | 75,319 | 64,105 | 63,651 | 8,758 | 18,454 | 26,509 | 36,108 | 45,571 | 11,532 | 18,232 | 35,013 | 28,304 | 42,736 | 50,615 | |
22/27 |
20,120 | 37,378 | 58,002 | 74,684 | 63,470 | 63,016 | 8,123 | 17,819 | 25,624 | 35,223 | 44,821 | 10,782 | 17,482 | 34,263 | 27,554 | 41,986 | 50,615 | |
23 |
15,710 | 24,486 | 33,262 | 12,766 | 12,759 | 756 | 1,135 | 1,513 | - | - | - | - | 1,167 | 3,347 | 5,730 | 8,112 | 4,661 | |
24 |
706 | 8,438 | 19,535 | 31,771 | 44,007 | 54,805 | 6,988 | 16,306 | 25,624 | 35,223 | 44,821 | 10,782 | 16,315 | 30,916 | 21,824 | 33,874 | 45,954 | |
26 |
3,704 | 4,454 | 5,204 | 5,954 | 6,705 | 7,455 | - | - | - | - | - | - | - | - | - | - | - | |
27 |
- | - | - | 24,192 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
635 | 635 | 635 | 635 | 635 | 635 | 635 | 635 | 885 | 885 | 750 | 750 | 750 | 750 | 750 | 750 | - | |
29/58 |
167,699 | 157,571 | 126,313 | 186,828 | 137,219 | 109,601 | 123,310 | 121,805 | 98,035 | 115,422 | 134,566 | 143,719 | 121,911 | 103,569 | 134,633 | 83,127 | 70,212 | |
3 |
1,994 | - | - | - | - | 4,922 | - | - | 6,100 | 13,750 | 9,419 | - | - | - | - | - | - | |
37 |
1,994 | - | - | - | - | 4,922 | - | - | 6,100 | 13,750 | 9,419 | - | - | - | - | - | - | |
40/41 |
10,253 | 33,102 | 31,683 | 11,754 | 20,253 | 20,427 | 8,903 | 25,824 | 38,353 | 20,342 | 42,044 | 6,372 | 9,372 | 6,207 | 10,723 | 14,859 | 15,423 | |
40 |
1,598 | 25,048 | 12,522 | 4,212 | 4,593 | 2,516 | 3,239 | 19,133 | 30,678 | 5,916 | 18,111 | 5,230 | 1,372 | 3,990 | 7,685 | 8,458 | 14,060 | |
41 |
8,655 | 8,055 | 19,161 | 7,542 | 15,660 | 17,910 | 5,664 | 6,691 | 7,675 | 14,426 | 23,933 | 1,142 | 8,000 | 2,217 | 3,038 | 6,401 | 1,364 | |
54/58 |
153,473 | 122,047 | 91,330 | 172,881 | 113,945 | 81,568 | 113,808 | 95,381 | 53,332 | 81,329 | 83,103 | 137,347 | 112,540 | 97,362 | 123,910 | 68,268 | 54,789 | |
490/1 |
1,978 | 2,422 | 3,300 | 2,194 | 3,021 | 2,685 | 600 | 600 | 250 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
188,453 | 195,584 | 184,950 | 262,147 | 201,325 | 173,252 | 132,068 | 140,258 | 124,543 | 151,529 | 180,138 | 155,251 | 140,143 | 138,582 | 162,936 | 125,864 | 120,827 | |
10/15 |
100,696 | 161,543 | 157,984 | 153,908 | 145,308 | 134,858 | 124,447 | 116,806 | 101,963 | 98,470 | 95,985 | 89,143 | 68,013 | 59,245 | 52,169 | 39,509 | 27,174 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
50,387 | 111,235 | 107,675 | 103,599 | 94,999 | 84,549 | 74,138 | 66,497 | 51,654 | 48,161 | 45,676 | 22,990 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
50,387 | 111,235 | 107,675 | 103,599 | 93,139 | 82,689 | 72,278 | 64,637 | 49,794 | 46,301 | 43,816 | 21,130 | - | - | - | - | - | |
14 |
31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 31,709 | 47,553 | 47,553 | 38,785 | 31,709 | 19,049 | 6,714 | |
17/49 |
87,757 | 34,040 | 26,966 | 108,239 | 56,017 | 38,395 | 7,621 | 23,452 | 22,580 | 53,060 | 84,152 | 66,108 | 72,130 | 79,337 | 110,767 | 86,354 | 93,653 | |
17 |
- | - | - | 4,400 | 10,950 | 17,439 | - | - | - | - | 35,000 | 35,000 | 35,000 | 37,223 | 45,867 | 54,127 | 62,020 | |
170/4 |
- | - | - | 4,400 | 10,950 | 17,439 | - | - | - | - | 35,000 | 35,000 | 35,000 | 37,223 | 45,867 | 54,127 | 62,020 | |
42/48 |
87,757 | 34,040 | 24,846 | 103,839 | 44,865 | 20,490 | 7,621 | 23,452 | 22,580 | 53,060 | 49,152 | 31,108 | 36,670 | 41,864 | 49,669 | 32,227 | 31,633 | |
42 |
- | - | 4,400 | 6,550 | 6,490 | 6,430 | - | - | - | - | - | - | 2,223 | 8,644 | 8,260 | 7,893 | 7,543 | |
44 |
1,425 | - | 9,796 | 34,578 | 27,905 | 5,604 | - | - | - | 4,504 | 25,245 | - | 3,688 | 5,901 | 16,777 | 1,874 | 5,159 | |
440/4 |
1,425 | - | 9,796 | 34,578 | 27,905 | 5,604 | - | - | - | 4,504 | 25,245 | - | 3,688 | 5,901 | 16,777 | 1,874 | 5,159 | |
45 |
7,546 | 4,874 | 3,750 | 8,240 | 3,750 | 1,250 | - | - | - | 1,250 | 1,250 | 3,000 | 2,926 | 1,364 | 1,000 | 1,455 | 2,350 | |
450/3 |
7,546 | 4,874 | 3,750 | 8,240 | 3,750 | 1,250 | - | - | - | 1,250 | 1,250 | 3,000 | 2,926 | 1,364 | 1,000 | 1,455 | 2,350 | |
47/48 |
78,786 | 29,166 | 6,899 | 54,471 | 6,719 | 7,206 | 7,621 | 23,452 | 22,580 | 47,306 | 22,657 | 28,108 | 27,833 | 25,955 | 23,632 | 21,005 | 16,581 | |
492/3 |
- | - | 2,120 | - | 202 | 465 | - | - | - | - | - | - | 460 | 250 | 15,232 | - | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 2 | - | - | - | - | - | - | |
9900 |
44,935 | 58,944 | 27,285 | 97,048 | 28,157 | 21,411 | 22,225 | 29,931 | 16,695 | 16,977 | 13,793 | 44,199 | 25,346 | 36,137 | 37,441 | 30,317 | 36,706 | |
630 |
17,258 | 21,918 | 20,844 | 16,022 | 13,108 | 5,001 | 9,696 | 9,696 | 9,599 | 9,599 | 2,894 | 6,700 | 17,633 | 19,536 | 14,433 | 14,462 | 16,336 | |
640/8 |
588 | 1,002 | 529 | 835 | 587 | 458 | 923 | 915 | 906 | 947 | 1,510 | 1,117 | 1,211 | 1,771 | 671 | 374 | 276 | |
66A |
- | - | - | - | - | 653 | - | - | - | - | - | - | - | - | - | - | 750 | |
9901 |
27,088 | 36,025 | 5,912 | 80,191 | 14,461 | 15,299 | 11,606 | 19,320 | 6,190 | 6,431 | 9,389 | 36,382 | 6,502 | 14,830 | 22,337 | 15,481 | 20,093 | |
75/76B |
407 | 374 | 501 | 40 | 210 | 108 | 354 | 269 | 303 | 102 | 347 | 797 | 1,399 | 706 | 618 | 304 | 60 | |
75 |
407 | 374 | 501 | 40 | 210 | 108 | 354 | 269 | 303 | 102 | 347 | 797 | 1,399 | 706 | 618 | 304 | 60 | |
65/66B |
621 | 261 | 319 | 372 | 396 | 530 | 176 | 29 | 103 | 1,452 | 1,492 | 1,524 | 1,829 | 3,660 | 2,648 | 4,326 | 2,820 | |
65 |
621 | 261 | 319 | 372 | 396 | 530 | 176 | 29 | 103 | 1,452 | 1,492 | 1,524 | 1,829 | 3,660 | 2,648 | 4,326 | 2,820 | |
9903 |
26,874 | 36,138 | 6,095 | 79,860 | 14,275 | 14,877 | 11,784 | 19,560 | 6,390 | 5,082 | 8,246 | 35,655 | 6,072 | 11,877 | 20,307 | 11,460 | 16,583 | |
67/77 |
8,466 | 10,095 | 2,019 | 21,465 | 3,825 | 4,466 | 4,143 | 4,717 | 2,896 | 2,598 | 1,404 | 14,525 | -2,696 | 4,801 | 7,647 | -876 | 8,009 | |
9904 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 6,842 | 21,130 | 8,768 | 7,076 | 12,660 | 12,336 | 8,574 | |
9905 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 6,842 | 21,130 | 8,768 | 7,076 | 12,660 | 12,336 | 8,574 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
50,117 | 57,752 | 35,785 | 90,104 | 42,159 | 42,120 | 39,350 | 46,552 | 35,203 | 34,193 | 54,395 | 68,683 | 47,553 | 38,785 | 31,709 | 19,049 | 8,574 | |
14P |
31,709 | 31,709 | 31,709 | 31,709 | 31,709 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
79,256 | 22,484 | - | 49,794 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 22,686 | 21,130 | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
18,408 | 26,043 | 4,076 | 58,395 | 10,450 | 10,411 | 7,641 | 14,843 | 3,494 | 2,484 | 22,686 | 21,130 | - | - | - | - | - | |
694/7 |
79,256 | 22,484 | - | 49,794 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
79,256 | 22,484 | - | 49,794 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00140514 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00121419 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00111525 | |
| 31-12-2022 | micro format | 07-06-2023 | 2023-00114369 | |
| 31-12-2021 | micro format | 09-06-2022 | 2022-20056616 | |
| 31-12-2020 | micro format | 01-06-2021 | 2021-16400058 | |
| 31-12-2019 | micro format | 02-06-2020 | 2020-13900513 | |
| 31-12-2018 | micro format | 04-06-2019 | 2019-15700246 | |
| 31-12-2017 | micro format | 05-06-2018 | 2018-15800257 | |
| 31-12-2016 | micro format | 06-06-2017 | 2017-14800471 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-15700147 | |
| 31-12-2014 | abbreviated format | 02-06-2015 | 2015-14100421 | |
| 31-12-2013 | abbreviated format | 03-06-2014 | 2014-14700550 | |
| 31-12-2012 | abbreviated format | 04-06-2013 | 2013-15100416 | |
| 31-12-2011 | abbreviated format | 07-06-2012 | 2012-15600161 | |
| 31-12-2010 | abbreviated format | 07-06-2011 | 2011-15200262 | |
| 31-12-2009 | abbreviated format | 01-06-2010 | 2010-14000002 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44,347 | 57,943 | 26,755 | 96,213 | 27,569 | 20,300 | 21,302 | 29,016 | 15,789 | 16,030 | 12,283 | 43,082 | 24,135 | 34,366 | 36,769 | 29,943 | 36,429 | ||
| 35,667 | 47,961 | 24,920 | 74,417 | 23,558 | 15,411 | 17,337 | 24,539 | 13,092 | 12,083 | 9,736 | 27,830 | 26,401 | 26,611 | 27,092 | 26,798 | 24,910 | ||
| 0 | 1,294 | 4,162 | 27,236 | 13,562 | 66,882 | 0 | 1,891 | 0 | 135 | 47,432 | 0 | 852 | 26,245 | 0 | 6,584 | 78,876 | ||
| 31,426 | 30,716 | -81,550 | 58,936 | 32,377 | -32,240 | 18,427 | 42,049 | -27,998 | -1,774 | -54,244 | 24,807 | 15,178 | -26,548 | 55,642 | 13,479 | - | ||
| 79,941 | 123,530 | 101,467 | 82,989 | 92,355 | 89,111 | 115,689 | 98,352 | 75,455 | 62,362 | 85,414 | 112,611 | 85,241 | 61,705 | 84,964 | 50,900 | 38,580 | ||
| 53.4% | 82.6% | 85.4% | 58.7% | 72.2% | 77.8% | 94.2% | 83.3% | 81.9% | 65.0% | 53.3% | 57.4% | 48.5% | 42.8% | 32.0% | 31.4% | 22.5% | ||
| 1.91 | 4.63 | 5.08 | 1.80 | 3.06 | 5.35 | 16.18 | 5.19 | 4.34 | 2.18 | 2.74 | 4.62 | 3.32 | 2.47 | 2.71 | 2.58 | 2.22 | ||
| 1.89 | 4.63 | 5.08 | 1.80 | 3.06 | 5.11 | 16.18 | 5.19 | 4.07 | 1.92 | 2.55 | 4.62 | 3.32 | 2.47 | 2.71 | 2.58 | 2.22 | ||
| 0.87 | 0.21 | 0.17 | 0.70 | 0.39 | 0.28 | 0.06 | 0.20 | 0.22 | 0.54 | 0.88 | 0.74 | 1.06 | 1.34 | 2.12 | 2.19 | 3.45 | ||
| 18.3% | 16.1% | 2.6% | 37.9% | 7.2% | 7.7% | 6.1% | 12.7% | 3.4% | 2.5% | 7.1% | 23.7% | 12.9% | 11.9% | 24.3% | 31.2% | 31.6% | ||
| 9.8% | 13.3% | 2.2% | 22.3% | 5.2% | 6.0% | 5.8% | 10.6% | 2.8% | 1.6% | 3.8% | 13.6% | 6.3% | 5.1% | 7.8% | 9.8% | 7.1% | ||
| 71.36 | over 100 | 83.98 | over 100 | 69.58 | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,294 | €4,162 | €27,236 | €13,562 |
| €17,258 | €21,918 | €20,844 | €16,022 | €13,108 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on HNC
The operating result for 2025 is 25% lower than in 2024.
Debt's share of the balance-sheet total rises from 17.4% to 46.6%. Equity is lower and debt is higher.