diff --git a/esphome/components/version/text_sensor.py b/esphome/components/version/text_sensor.py
index cad239dc41..189d18256f 100644
--- a/esphome/components/version/text_sensor.py
+++ b/esphome/components/version/text_sensor.py
@@ -35,5 +35,8 @@ CONFIG_SCHEMA = (
 async def to_code(config: ConfigType) -> None:
     var = await text_sensor.new_text_sensor(config)
     await cg.register_component(var, config)
-    cg.add(var.set_hide_hash(config[CONF_HIDE_HASH]))
-    cg.add(var.set_hide_timestamp(config[CONF_HIDE_TIMESTAMP]))
+    # Both flags default to false in C++, so only true needs a setter.
+    if config[CONF_HIDE_HASH]:
+        cg.add(var.set_hide_hash(True))
+    if config[CONF_HIDE_TIMESTAMP]:
+        cg.add(var.set_hide_timestamp(True))
diff --git a/esphome/components/version/version_text_sensor.h b/esphome/components/version/version_text_sensor.h
index 7ff6ac4d35..8537435079 100644
--- a/esphome/components/version/version_text_sensor.h
+++ b/esphome/components/version/version_text_sensor.h
@@ -15,8 +15,8 @@ class VersionTextSensor final : public text_sensor::TextSensor, public Component
   void dump_config() override;
 
  protected:
-  bool hide_hash_{false};
-  bool hide_timestamp_{false};
+  bool hide_hash_{false};       // Must match the setter check in text_sensor.py
+  bool hide_timestamp_{false};  // Must match the setter check in text_sensor.py
 };
 
 }  // namespace esphome::version
diff --git a/tests/component_tests/version/__init__.py b/tests/component_tests/version/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/tests/component_tests/version/config/version.yaml b/tests/component_tests/version/config/version.yaml
new file mode 100644
index 0000000000..c602f88183
--- /dev/null
+++ b/tests/component_tests/version/config/version.yaml
@@ -0,0 +1,16 @@
+---
+esphome:
+  name: test
+
+esp8266:
+  board: d1_mini
+
+text_sensor:
+  - platform: version
+    id: default_version
+    name: Default Version
+  - platform: version
+    id: hidden_version
+    name: Hidden Version
+    hide_hash: true
+    hide_timestamp: true
diff --git a/tests/component_tests/version/test_version.py b/tests/component_tests/version/test_version.py
new file mode 100644
index 0000000000..14886264a2
--- /dev/null
+++ b/tests/component_tests/version/test_version.py
@@ -0,0 +1,17 @@
+"""Tests for the version text sensor codegen."""
+
+from collections.abc import Callable
+from pathlib import Path
+
+
+def test_default_hide_flags_are_not_emitted(
+    generate_main: Callable[[str | Path], str],
+    component_config_path: Callable[[str], Path],
+) -> None:
+    """Both flags are false in C++, so only true reaches the setters."""
+    main_cpp = generate_main(component_config_path("version.yaml"))
+
+    assert "default_version->set_hide_hash(" not in main_cpp
+    assert "default_version->set_hide_timestamp(" not in main_cpp
+    assert "hidden_version->set_hide_hash(true);" in main_cpp
+    assert "hidden_version->set_hide_timestamp(true);" in main_cpp