HAYS
ActiveSummary
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 €383k and a net result of €-1.03M. Equity is shrinking by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 15% of 219 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).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
The notes to these accounts (50 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €40.71M | €40.58M | €44.79M | €35.68M | ▼ 20.3% |
| Turnover70 | €34.38M | €38.09M | €37.03M | €41.00M | €31.36M | ▼ 23.5% |
| Other operating income74 | - | €2.62M | €3.54M | €3.79M | €4.31M | ▲ 13.8% |
| Non-recurring operating income76A | - | - | €17k | - | €2k | - |
| Operating charges60/66A | - | €40.20M | €39.66M | €45.90M | €36.55M | ▼ 20.4% |
| Services and other goods61 | - | €6.95M | €7.51M | €7.95M | €8.22M | ▲ 3.4% |
| Remuneration, social security and pensions62 | - | €32.89M | €31.74M | €35.95M | €28.10M | ▼ 21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €405k | €348k | €343k | €354k | €279k | ▼ 21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-22k | €12k | €-12k | €55k | ▲ 549% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €-375k | - |
| Other operating charges640/8 | - | €45k | €57k | €39k | €46k | ▲ 19.3% |
| Non-recurring operating charges66A | - | - | - | €1.61M | €232k | ▼ 85.6% |
| Operating profit (loss)9901 | €1.06M | €504k | €922k | €-1.11M | €-878k | ▲ 20.9% |
| Financial income75/76B | - | €2k | €13k | €31k | €42k | ▲ 38.3% |
| Recurring financial income75 | €7 | €2k | €13k | €31k | €42k | ▲ 38.3% |
| Income from current assets751 | - | - | €13k | €30k | €38k | ▲ 25.2% |
| Other financial income752/9 | - | €2k | €16 | €74 | €4k | ▲ 5,404% |
| Financial charges65/66B | - | €96k | €131k | €149k | €205k | ▲ 37.6% |
| Recurring financial charges65 | €109k | €96k | €131k | €149k | €205k | ▲ 37.6% |
| Debt charges650 | €102k | €86k | €124k | €143k | €187k | ▲ 30.4% |
| Other financial charges652/9 | - | €10k | €6k | €6k | €18k | ▲ 219% |
| Profit (loss) for the period before taxes9903 | €950k | €410k | €804k | €-1.23M | €-1.04M | ▲ 15.3% |
| Income taxes67/77 | €420k | €282k | €434k | €347k | €-9k | ▼ 103% |
| Taxes670/3 | - | €295k | €434k | €347k | €4k | ▼ 98.8% |
| Tax adjustments and reversals of tax provisions77 | - | €13k | - | - | €14k | - |
| Profit (loss) for the period9904 | €531k | €128k | €370k | €-1.58M | €-1.03M | ▲ 34.6% |
| Profit (loss) for the period to be appropriated9905 | €531k | €128k | €370k | €-1.58M | €-1.03M | ▲ 34.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.57M | €12.28M | €12.89M | €13.30M | €10.59M | ▼ 20.4% |
| Fixed assets21/28 | €1.15M | €1.03M | €1.21M | €848k | €706k | ▼ 16.8% |
| Intangible fixed assets21 | €31k | €29k | €29k | €18k | €10k | ▼ 44.8% |
| Tangible fixed assets22/27 | €1.12M | €1.00M | €1.18M | €828k | €693k | ▼ 16.3% |
| Plant, machinery and equipment23 | - | €1k | €1k | €1k | €1k | = |
| Furniture and vehicles24 | - | €219k | €215k | €201k | €107k | ▼ 46.6% |
| Other tangible fixed assets26 | - | €780k | €965k | €606k | €563k | ▼ 7.1% |
| Assets under construction and advance payments27 | - | - | - | €19k | €21k | ▲ 11.2% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €3k | ▲ 17.4% |
| Other financial fixed assets284/8 | - | €2k | €2k | €2k | €3k | ▲ 17.4% |
| Amounts receivable and cash guarantees285/8 | - | €2k | €2k | €2k | €3k | ▲ 17.4% |
| Current assets29/58 | €13.42M | €11.25M | €11.68M | €12.45M | €9.88M | ▼ 20.6% |
| Amounts receivable within one year40/41 | €12.65M | €10.05M | €10.43M | €11.14M | €8.67M | ▼ 22.2% |
| Trade receivables40 | - | €6.76M | €8.41M | €9.58M | €7.26M | ▼ 24.2% |
| Other amounts receivable41 | - | €3.29M | €2.02M | €1.56M | €1.41M | ▼ 9.8% |
| Cash at bank and in hand54/58 | €485k | €844k | €820k | €820k | €760k | ▼ 7.4% |
| Deferred charges and accrued income490/1 | - | €354k | €422k | €491k | €453k | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.57M | €12.28M | €12.89M | €13.30M | €10.59M | ▼ 20.4% |
| Equity10/15 | €2.49M | €2.62M | €2.99M | €1.41M | €383k | ▼ 72.9% |
| Contributions10/11 | €872k | €872k | €872k | €872k | €872k | = |
| Capital10 | - | €872k | €872k | €872k | €872k | = |
| Issued capital100 | - | €872k | €872k | €872k | €872k | = |
| Reserves13 | €1.62M | €1.75M | €2.12M | €542k | €87k | ▼ 83.9% |
| Non-distributable reserves130/1 | - | €87k | €87k | €87k | €87k | = |
| Legal reserve130 | - | €87k | €87k | €87k | €87k | = |
| Distributable reserves133 | - | €1.66M | €2.03M | €455k | - | - |
| Profit (loss) carried forward14 | €3.42M | - | - | - | €-576k | - |
| Provisions and deferred taxes16 | - | - | - | €1.43M | €1.29M | ▼ 10.0% |
| Provisions for liabilities and charges160/5 | - | - | - | €1.43M | €1.29M | ▼ 10.0% |
| Major repairs and maintenance162 | - | - | - | €135k | €135k | = |
| Other liabilities and charges164/5 | - | - | - | €1.30M | €1.16M | ▼ 11.0% |
| Amounts payable17/49 | €12.07M | €9.66M | €9.90M | €10.45M | €8.91M | ▼ 14.7% |
| Amounts payable within one year42/48 | €11.66M | €9.33M | €9.54M | €10.13M | €8.58M | ▼ 15.3% |
| Trade debts44 | €886k | €1.14M | €1.04M | €1.38M | €1.17M | ▼ 15.4% |
| Suppliers440/4 | - | €1.14M | €1.04M | €1.38M | €1.17M | ▼ 15.4% |
| Advances received on contracts in progress46 | - | €280k | €141k | €148k | €169k | ▲ 13.8% |
| Taxes, remuneration and social security45 | - | €5.62M | €6.10M | €6.15M | €4.46M | ▼ 27.6% |
| Taxes450/3 | - | €1.31M | €1.80M | €1.55M | €1.26M | ▼ 18.5% |
| Remuneration and social security454/9 | - | €4.31M | €4.30M | €4.61M | €3.20M | ▼ 30.6% |
| Other amounts payable47/48 | - | €2.30M | €2.25M | €2.45M | €2.79M | ▲ 13.8% |
| Accrued charges and deferred income492/3 | - | €326k | €362k | €321k | €335k | ▲ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €531k | €128k | €370k | €-1.58M | €-1.03M | ▲ 34.6% |
| + Depreciation and write-downs630 | €405k | €348k | €343k | €354k | €279k | ▼ 21.2% |
| Operating cash flow (approximation) | €935k | €475k | €714k | €-1.22M | €-751k | ▲ 38.4% |
| Investment in fixed assets (approximation) | - | €-230k | €-526k | €11k | €-137k | ▼ 1,340% |
| Change in cash | - | €359k | €-24k | €268 | €-61k | ▼ 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.
Timeline · acts, filings and financial milestones
23-02
State Gazette act
Permanent representatives: Mathias Berten and Wouter CoppensReappointment: 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
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
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
22-12
State Gazette act
Statutes amendmentCapital · Power of attorney4 facts ▸
- General meeting, 05-12-2023
- Statutes amendment
- Capital, €871.973,38
- Power of attorney, HAYS
28-06
State Gazette act
Resignations & appointmentsPower 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
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
13-08
State Gazette act
Permanent representative: Wouter Coppens1 fact ▸
- Permanent representative, Wouter Coppens
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
16-12
State Gazette act
Resignation: James Hilton (director)2 facts ▸
- General meeting, 13-11-2018
- Director resignation, James Hilton (director)
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
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
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
16-06
State Gazette act
Registered officeRegistered-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 amendment3 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
15-02
State Gazette act
Reappointment: Deloitte Bedrijfsrevisoren CVBA (statutory auditor)2 facts ▸
- General meeting, 13-11-2012
- Auditor reappointment, Deloitte Bedrijfsrevisoren CVBA
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 BerryReappointments: 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
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
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
06-02
State Gazette act
Capital & shares · RestructuringMerger · 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
22-08
State Gazette act
Capital & shares · Statutes amendmentName 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 othersPermanent 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
Directors · office · real estate
6 other directors
6 establishment units
5 parcels
| 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
Statutory auditor
1 auditor| PricewaterhouseCoopers Reviseurs d'EntreprisesCurrent Auditor | 08-11-2016 → present |
Show 1 earlier auditors
| Deloitte Bedrijfsrevisoren Auditor succeeded by PricewaterhouseCoopers Reviseurs d'Entreprises in 2016 | 10-11-2009 → 08-11-2016 |
Articles of association
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
Acquisitions and mergers
2 transactionsCapital and shareholders
- 22-12-2023 Capital stated in the act · 871,973.38 EUR · 5,372 shares
- 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 | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -2,835 EUR | 498 EUR |
| 2024 | 1 | 5,160 EUR | 1,827 EUR |
| 2023 | 2 | 8,237 EUR | 8,237 EUR |
| 2022 | 1 | 3,225 EUR | 3,225 EUR |
Similar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.