Equity
€3.2m from €7.9m in 2007
Equity fell by 59% in 18 years.
Hudson Belgium
Lifetime
19 annual accounts with figures on one time axis, 29 filings since 1997Turnoverpeak €40.0m (2023)
€38.3m▼ 4.1%
Resultlowest -€1.9m (2009)
-€500,391▲ €1.0m
Equitypeak €7.9m (2007)
€3.2m▼ 13.4%
Debts
€10.0m▲ 6.8%
Staffpeak 258.4 FTE (2022)
-not published
Board53 names since 2004all names
2 directorsHerman NIJNS and 1 other
Owners5 names in the annual accounts
100%RANDSTAD GROUP BELGIUM
Documentsfilings and deeds
02-06-202659 days before the deadline
2025financial year
Loss of €500,391New statutory auditor 03-10Resignation: Jesus ECHEVARRIA MENDIGUREN (director) 11-04Resignation: Johan Christiaan (genoemd Chris) HEUTINK (director) 10-02Equity from €3.7m to €3.2mInvestments €1.0m
Key points
from the 2025 annual accountsLosses
-€2.0m in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€10.0m 76% of the balance sheet
Financial debts 29%Suppliers 61%Other 10%
€9.0m of the debts are secured on the company's own assets.
Investments
€1.1m 3.6 × depreciation
Green is investment, beige is depreciation.
At the same address
38 companies
Position in the sector
-€500,391
Lower net result than 94% of companies in employment activities. Sector median €40,969 · 316 companies.
Net result +68%: branch received
Checked score
81
Excellent
Financially stronger than 31% of medium-sized companies in employment activities (NACE 78)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 117 companies (NACE 78, medium-sized).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.4%● unchanged vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.4%● unchanged vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.20
Loss of €500,391, the second in a row (financial year 2025)
lowers risk
Founded in 1996
Size: turnover €38.3m, total assets €13.2m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, medium-sized). It does better than 48% of them on solvency, 30% on liquidity, 18% on profitability and 26% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 371 companies had the same profile as Hudson Belgium has now. Each dot is one company, two years later.
97.3%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
That fits the bankruptcy probability of Hudson Belgium itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 371 companies, not a prediction for Hudson Belgium. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (1.37 in 2024), below the usual 1.5. Short-term debt is 68.1% of total assets. 75.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€500,391
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 days early
2024
3 days early
2023
57 days early
2022
34 days early
2021
76 days early
2020
102 days early
2019
80 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 59 days before the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
ID
Ivan De Witte CommV
Managing director
BP
BV PwC Bedrijfsrevisoren
Auditor, Mieke Van Leeuwe
- RANDSTAD GROUP BELGIUM 100%equity €193.8m (2025) · 2025 annual accounts of RANDSTAD GROUP BELGIUM
- VALUE PLUS 100%equity €8.3m (2022) · annual accounts 2022
Recent changes
New statutory auditor
PwC Bedrijfsrevisoren BV appointed, Deloitte Bedrijfsrevisoren BV resigned · Permanent representative: Mieke Van Leeuwe · General meeting of 21-05-2025 · Gazette deed
Resignation: Jesus ECHEVARRIA MENDIGUREN (director)
Appointment: Herman NIJNS (director) · Director discharge: Jesus ECHEVARRIA MENDIGUREN · General meeting of 31-03-2025 · Gazette deed
Resignation: Johan Christiaan (genoemd Chris) HEUTINK (director)
Appointment: Jesus ECHEVARRIA MENDIGUREN (director) · Director discharge: Johan Christiaan (genoemd Chris) HEUTINK · General meeting of 22-01-2025 · Gazette deed
2 directors appointed, 3 resignations
Resignations: Dominique HERMANS, Walter REYNAERT and Marc VAN HARNEVELDT (managing director) · Appointments: Johan Christiaan (genoemd Chris) HEUTINK and Annic BOSMANS (managing director) · General meeting of 01-07-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| Hudson Belgium Brussels | €38.3m | -1.6% | 24.4% | - |
| ACERTA Consult Brussels | €39.3m | 1.6% | 33.1% | 270 |
| INNOVA SOLUTIONS (BELGIUM) Evere | €35.2m | 7.5% | 80.5% | 110.5 |
| EXPERIS BELGIUM Machelen (Brab.) | €30.6m | -0.1% | 61.8% | 210.8 |
| UNIQUE CAREER Antwerp | €24.2m | 28.4% | 83.0% | 282.3 |
| SBS Aalst | €25.1m | 8.1% | 69.7% | 225.9 |
| VLAAMS SELECTIECENTRUM VOOR HET OVERHEIDSPERSONEEL C.V.B.A."TEVENS GENAAMD 'JOBPUNT VLAANDEREN' EN/ OF 'POOLSTOK' Leuven | €35.5m | 0.8% | 50.8% | 32.4 |
Grey: the largest companies of the sector (employment activities (NACE 78)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Hudson Belgium: employment placement agencies (NACE 78100). They are comparable in size and age: total assets between €12m and €21m, founded between 1986 and 2000.
Official details
Source: KBO- Status
- Active since 07-11-1996Normal situation
- Registered office
- 39 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Employment placement agenciesNACE 78100and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment units
- 2.087.167.1139000 Ghent, since 28-05-2002
- 2.148.473.1902600 Antwerp, since 01-07-2003and 4 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Total assets
- €13.2m▲ 1.0%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on Hudson Belgium
Hudson Belgium has existed since 1996. Turnover grew from €27.8m in 2006 to €38.3m in 2025.
RANDSTAD GROUP BELGIUM holds all the shares. In October 2024, three directors stepped down. In October 2024, the Official Gazette published the appointment of Annic BOSMANS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Hudson Belgium
- What is the company number of Hudson Belgium?
- The company number of Hudson Belgium is 0459.165.435. The VAT number is the same number with BE in front: BE 0459.165.435.
- Where is Hudson Belgium based?
- The registered office is at Bourgetlaan 42, 1130 Brussels.Company details
- What does Hudson Belgium do?
- According to the KBO register, the main activity is employment placement agencies (NACE 78100).
- What is the legal form of Hudson Belgium?
- Hudson Belgium is a public limited company (NV).
- When was Hudson Belgium founded?
- Hudson Belgium was founded on 07-11-1996.
- Is Hudson Belgium still active?
- Yes, Hudson Belgium is an active enterprise in the KBO register.
- How many employees does Hudson Belgium have?
- Hudson Belgium had an average of 250.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does Hudson Belgium fall under?
- In its 2023 annual accounts, Hudson Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Hudson Belgium?
- The turnover of Hudson Belgium was €38.3m in financial year 2025, according to the filed annual accounts.
- Is Hudson Belgium profitable?
- In financial year 2025, Hudson Belgium made a loss of €500,391.
- Where can I find the annual accounts of Hudson Belgium?
- Hudson Belgium filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Hudson Belgium due?
- Hudson Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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