ACTIVE

HEXCEL COMPOSITES

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Financial year 2025 · closed on 31/12/2025

Net result

933 k €

-43.6% YoY

Revenue

36,3 M €

+33.6% YoY

Equity

27,6 M €

+3.5% YoY

Workforce

49,4 ETP

-59.6% YoY

What does HEXCEL COMPOSITES do?

HEXCEL COMPOSITES is a Private limited company incorporated in 1967. Its registered office is in Welkenraedt. It employs on average 49,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.459.235

Incorporation

19/06/1967

Legal form

Private limited company

Registered office

Rue Trois Bourdons 54
4840 Welkenraedt · WallonieSee on map

Contributed capital

25 980 996,00 €

Latest accounts

31/12/2025

Average workforce

49,4 ETP

Joint committees (3)

111
1110
209

Signals

ProfitableSolid equityLow riskGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	36,3 M €	+33.6%	27,2 M €	+16.1%	23,4 M €	+3.2%	22,7 M €	-37.8%	36,5 M €	+9.0%	33,5 M €	-3.5%	34,7 M €	-5.6%	36,7 M €	+4.5%	35,1 M €	+1.4%	34,7 M €	+24.2%	27,9 M €	+11.0%	25,1 M €	+13.6%	22,1 M €	+19.8%	18,5 M €	+7.1%	17,2 M €	-20.7%	21,8 M €	+2.9%	21,1 M €
EBITDA	-548,5 k €	-119%	2,9 M €	+74.6%	1,6 M €	-41.5%	2,8 M €	+6.6%	2,6 M €	+133%	-8,1 M €	-314%	-2 M €	+9.4%	-2,2 M €	-3428%	-61,3 k €	-105%	1,1 M €	+21.8%	926 k €	-61.2%	2,4 M €	-58.6%	5,8 M €	+33.3%	4,3 M €	+74.5%	2,5 M €	+8.8%	2,3 M €	+97.6%	1,2 M €
Operating result	681,5 k €	-47.6%	1,3 M €	+5.9%	1,2 M €	-38.1%	2 M €	-12.1%	2,3 M €	+124%	-9,5 M €	-327%	-2,2 M €	+33.4%	-3,3 M €	-301%	-832 k €	-321%	376,9 k €	+37.6%	274 k €	-84.5%	1,8 M €	-51.3%	3,6 M €	+71.2%	2,1 M €	+16976%	12,4 k €	-84.2%	78,7 k €	+107%	-1,1 M €
Net result	933 k €	-43.6%	1,7 M €	+31.0%	1,3 M €	-5.3%	1,3 M €	-20.8%	1,7 M €	+117%	-9,7 M €	-334%	-2,2 M €	+37.1%	-3,6 M €	-178%	-1,3 M €	-333%	549,5 k €	+20.5%	455,9 k €	-95.3%	9,6 M €	+146%	3,9 M €	+86.0%	2,1 M €	+3403%	60,1 k €	+122%	-271,7 k €	+85.3%	-1,8 M €
Balance sheet
Equity	27,6 M €	+3.5%	26,7 M €	+6.6%	25 M €	+5.3%	23,7 M €	-4.9%	25 M €	+7.2%	23,3 M €	-29.5%	33 M €	-6.4%	35,3 M €	-9.2%	38,9 M €	-3.2%	40,1 M €	+1.4%	39,6 M €	+1.2%	39,1 M €	+32.6%	29,5 M €	+15.3%	25,6 M €	+8.9%	23,5 M €	+0.2%	23,5 M €	-1.2%	23,7 M €
Total assets	37,2 M €	+15.9%	32,1 M €	+3.6%	31 M €	+2.2%	30,3 M €	-13.9%	35,2 M €	+0.1%	35,2 M €	-9.8%	39 M €	-8.3%	42,5 M €	-6.1%	45,3 M €	-3.1%	46,8 M €	+2.7%	45,6 M €	+2.8%	44,3 M €	+28.6%	34,5 M €	+12.9%	30,5 M €	+9.2%	27,9 M €	-5.1%	29,5 M €	-5.1%	31 M €
Cash	64,5 k €	+223%	20 k €	+242%	5,8 k €	-46.2%	10,8 k €		–		165,1 k €		–		477,8 k €		–		194,1 €	-99.8%	129,4 k €	+17827%	721,8 €	+496%	121,1 €	-99.9%	130,5 k €	+2001%	6,2 k €	-40.3%	10,4 k €	-90.0%	103,6 k €
Debts	4,9 M €	+23.0%	4 M €	+1.8%	3,9 M €	-2.6%	4 M €	-24.2%	5,3 M €	+9.5%	4,8 M €	-15.3%	5,7 M €	-13.4%	6,6 M €	+7.0%	6,1 M €	-1.3%	6,2 M €	+17.1%	5,3 M €	+19.0%	4,5 M €	+5.7%	4,2 M €	+5.8%	4 M €	+20.2%	3,3 M €	-27.0%	4,5 M €	-22.9%	5,9 M €
Other
Workforce	49,4 ETP	-59.6%	122,4 ETP	+2.0%	120,0 ETP	+7.7%	111,4 ETP	-43.3%	196,3 ETP	-11.3%	221,2 ETP	-6.8%	237,4 ETP	-2.3%	243,1 ETP	-1.3%	246,3 ETP	+9.9%	224,2 ETP	+19.6%	187,5 ETP	+8.2%	173,3 ETP	+2.5%	169,1 ETP	-3.1%	174,5 ETP	-3.8%	181,4 ETP	-3.2%	187,3 ETP	-0.1%	187,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 24 ended

Active mandates

Paul Moreau

Director · since 30 novembre 2023

Active

Yannick Parent

Director · since 12 octobre 2021

Active

Gail Lehman

Director · since 24 février 2017

Active

Ended mandates

Patrick Winterlich

Director · since 06 mars 2021

Ended

Gail E. LEHMAN

Manager · since 24 février 2017

Ended

Vincent Beynier

Director · since 19 mai 2016

Ended

Vincent Beynier

Manager · since 19 mai 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2026	21/08/2025	08/05/2024	03/05/2023	30/05/2022	28/05/2021
General meeting	30/06/2026	30/04/2025	30/04/2024	25/04/2023	26/04/2022	27/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	02/07/2026	French	PDF
Full modelCorrection	31/12/2024	30/04/2025	21/08/2025	French	PDF
Full model	31/12/2024	30/04/2025	15/05/2025	French	PDF
Full model	31/12/2023	30/04/2024	08/05/2024	French	PDF
Full model	31/12/2022	25/04/2023	03/05/2023	French	PDF
Full model	31/12/2021	26/04/2022	30/05/2022	French	PDF
Full model	31/12/2020	27/04/2021	28/05/2021	French	PDF
Full model	31/12/2019	28/04/2020	16/07/2020	French	PDF
Full model	31/12/2018	23/04/2019	09/07/2019	French	PDF
Full model	31/12/2017	24/04/2018	18/07/2018	French	PDF
Full model	31/12/2016	27/04/2017	28/06/2017	French	PDF
Full model	31/12/2015	10/05/2016	28/06/2016	French	PDF
Full model	31/12/2014	28/04/2015	27/05/2015	French	PDF
Full model	31/12/2013	29/04/2014	19/05/2014	French	PDF
Full model	31/12/2012	30/04/2013	31/05/2013	French	PDF
Full model	31/12/2011	24/04/2012	14/06/2012	French	PDF
Full model	31/12/2010	26/04/2011	02/08/2011	French	PDF
Full modelCorrection	31/12/2009	27/04/2010	03/02/2011	French	PDF
Full model	31/12/2009	27/04/2010	16/06/2010	French	PDF
Full model	31/12/2008	28/04/2009	13/07/2009	French	PDF
Full model	31/12/2007	29/04/2008	08/08/2008	French	PDF
Full model	31/12/2006	24/04/2007	29/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 24 ended

Active mandates

Paul Moreau

Director · since 30 novembre 2023

Active

Yannick Parent

Director · since 12 octobre 2021

Active

Gail Lehman

Director · since 24 février 2017

Active

Ended mandates

Patrick Winterlich

Director · since 06 mars 2021

Ended

Gail E. LEHMAN

Manager · since 24 février 2017

Ended

Vincent Beynier

Director · since 19 mai 2016

Ended

Vincent Beynier

Manager · since 19 mai 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates27/06/2023
DEMISSIONS, NOMINATIONS
PDF
Other03/05/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates25/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates01/06/2021
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025933 k €↓
2024
Annual accounts 20241,7 M €↑
2023
Annual accounts 20231,3 M €↓
2022
Annual accounts 20221,3 M €↓
2019
Annual accounts 20191,7 M €↑
2018
Annual accounts 2018-9,7 M €↓
2017
Annual accounts 2017-2,2 M €↑
2016
Annual accounts 2016-3,6 M €↓
2015
Annual accounts 2015-1,3 M €↓
2014
Annual accounts 2014549,5 k €↑
2013
Annual accounts 2013455,9 k €↓
2012
Annual accounts 20129,6 M €↑
2011
Annual accounts 20113,9 M €↑
2010
Annual accounts 20102,1 M €↑
2009
Annual accounts 200960,1 k €↑
2008
Annual accounts 2008-271,7 k €↑
2007
Annual accounts 2007-1,8 M €
19/06/1967
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HEXCEL COMPOSITES

Overview

What does HEXCEL COMPOSITES do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline