ACTIVE

ENTREPRISES HYDROGAZ

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Financial year 2025 · Closed on 30/09/2025

Net result16,7 M €+1 846,9 %over 1 year
Revenue84,6 M €+65,0 %over 1 year
Equity25,9 M €+180,8 %over 1 year
Workforce228,6 ETP-3,2 %over 1 year

Identity

Source · BCE/KBO

ENTREPRISES HYDROGAZ is a Public limited company incorporated in 1952. Its main activity is: Construction of utility projects for fluids. Its registered office is in Grâce-Hollogne. It employs on average 228,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0404.257.990
Incorporation
21/01/1952
Legal form
Public limited company
Registered office
Rue de l'Informatique 3
4460 Grâce-Hollogne · WallonieSee on map
Contributed capital
714 000,00 €
Latest accounts
30/09/2025
Average workforce
228,6 ETP
Joint committees (1)
  • 124
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue84,6 M €51,3 M €47,7 M €38,2 M €30,8 M €
EBITDA23 M €1,7 M €4,1 M €2,5 M €1,7 M €
Operating result21,7 M €727,2 k €3,2 M €1,5 M €1 M €
Net result16,7 M €855,8 k €2,6 M €1,5 M €792,3 k €
Balance sheet
Equity25,9 M €9,2 M €8,4 M €5,8 M €6,7 M €
Total assets58,5 M €51,8 M €41,5 M €35 M €28,8 M €
Cash3,3 M €9,9 M €6,3 M €7,4 M €3,7 M €
Debts32,5 M €42,4 M €32,9 M €29,1 M €22 M €
Other
Workforce228,6 ETP236,1 ETP236,3 ETP224,7 ETP225,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

6 active · 8 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Benoît Aerts
Managing director16/12/2019 → 31/03/2028
Christophe Heinen
Director16/12/2019 → 31/03/2028
Fabian Labrozzo
Director16/12/2019 → 31/03/2028
Steven Forthomme
Director28/03/2025 → 31/03/2028
TEDIS0837.537.788Represented by Bertrand Jardinet
Director21/12/2011 → 31/03/2028
ALTERNUM0862.565.570Represented by Jean-Christophe Rihoux
Director04/06/2012 → 28/03/2025

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
C&A Associates SPRL0844.337.488Represented by Christophe Heinen
Director24/05/2017 → 2018 accounts
Canalfin Infra Group0841.690.378Represented by Benoît Aerts
Director24/05/2017 → 2018 accounts
CANALFIN SA0842.251.295Represented by Benoît Aerts
Managing director24/05/2017 → 2018 accounts
Euro-Technic-Consulting SPRL0811.990.067Represented by Fabian Labrozzo
Director24/05/2017 → 2018 accounts

Other companies at this address

Rue de l'Informatique 3 4460 Grâce-Hollogne
CompanyCBE no.
AM HYDROGAZ - COLAS● Active
0691.565.062
AM HYDROGAZ - TEGEC● Active
0691.787.964
GEFOR● Active
0465.949.693
MEGABEL● Active
0453.890.813
René DERULLIEUX et fils● Active
0427.732.188
SM HYDROGAZ - AQUAFLUX● Active
0739.647.269
SM HYDROGAZ ROUSSEAUX● Active
0759.845.837
SM HYDROGAZ SA - FODETRA SA● Active
0834.869.003
SM HYDROGAZ - SODRAEP● Active
0739.642.222
SM HYDROGAZ TEGEC (HERON)● Active
0803.059.733
SM HYDROGAZ VERBRAEKEN INFRA● Active
0765.699.687
SM HYDROGAZ WILKIN GEHLEN● Active
0765.939.417

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/01/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months21 months
Filing date09/04/202617/04/202504/04/202421/04/202325/04/202229/03/2021
General meeting27/03/202628/03/202529/03/202431/03/202325/03/202226/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model30/09/202527/03/202609/04/2026FrenchPDF
Full model30/09/202428/03/202517/04/2025FrenchPDF
Full model30/09/202329/03/202404/04/2024FrenchPDF
Full model30/09/202231/03/202321/04/2023FrenchPDF
Full model30/09/202125/03/202225/04/2022FrenchPDF
Full model30/09/202026/03/202129/03/2021FrenchPDF
Full model31/12/201808/05/201923/05/2019FrenchPDF
Full model31/12/201726/06/201827/07/2018FrenchPDF
Full model31/12/201624/05/201722/06/2017FrenchPDF
Full model31/12/201511/05/201606/06/2016FrenchPDF
Full model31/12/201413/05/201519/06/2015FrenchPDF
Full model31/12/201314/05/201411/06/2014FrenchPDF
Full model31/12/201208/05/201313/06/2013FrenchPDF
Full model31/12/201130/05/201218/06/2012FrenchPDF
Full model31/12/201015/06/201112/07/2011FrenchPDF
Full model31/12/200912/05/201008/06/2010FrenchPDF
Full model31/12/200813/05/200908/06/2009FrenchPDF
Full model31/12/200714/05/200827/05/2008FrenchPDF
Full model31/12/200609/05/200706/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 30/09/2025

6 active · 8 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Benoît Aerts
Managing director16/12/2019 → 31/03/2028
Christophe Heinen
Director16/12/2019 → 31/03/2028
Fabian Labrozzo
Director16/12/2019 → 31/03/2028
Steven Forthomme
Director28/03/2025 → 31/03/2028
TEDIS0837.537.788Represented by Bertrand Jardinet
Director21/12/2011 → 31/03/2028
ALTERNUM0862.565.570Represented by Jean-Christophe Rihoux
Director04/06/2012 → 28/03/2025

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
C&A Associates SPRL0844.337.488Represented by Christophe Heinen
Director24/05/2017 → 2018 accounts
Canalfin Infra Group0841.690.378Represented by Benoît Aerts
Director24/05/2017 → 2018 accounts
CANALFIN SA0842.251.295Represented by Benoît Aerts
Managing director24/05/2017 → 2018 accounts
Euro-Technic-Consulting SPRL0811.990.067Represented by Fabian Labrozzo
Director24/05/2017 → 2018 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates04/11/2026
    Démission et nomination d'administrateur
    PDF
  • Mandates16/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/02/2020
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other15/01/2020
    DIVERS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation1952
Name
Registered office
Annual accounts
Filings19 filings
Mandates
TEDIS
Benoît Aerts
Steven Forthomme
Fabian Labrozzo
Christophe Heinen
ALTERNUM
Euro-Technic-Consulting SPRL
Canalfin Infra Group
CANALFIN SA
C&A Associates SPRL
MAESTRA SA
Bertrand Jardinet
196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028
ENTREPRISES HYDROGAZ
Rue de l'Informatique 3, 4460 Grâce-Hollogne
Director
Managing director
Director
Director
Director
Director
Director
Director
Managing director
Director
Managing director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue de l'Informatique 3, 4460 Grâce-HollogneCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00075966

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
ENTREPRISES HYDROGAZCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00075966

Events

  1. 2025
    Annual accounts 202516,7 M €↑
  2. 2024
    Annual accounts 2024855,8 k €↓
  3. 29/03/2024
    nominationMoore Audit SRL · commissaire
  4. 29/03/2024
    nominationJohan Van Mieghem · représentant permanent
  5. 29/03/2024
    nominationBart Dauwen · représentant permanent
  6. 2023
    Annual accounts 20232,6 M €↑
  7. 2022
    Annual accounts 20221,5 M €↑
  8. 2021
    Annual accounts 2021792,3 k €↓
  9. 2020
    Annual accounts 20201,3 M €↓
  10. 2018
    Annual accounts 20181,7 M €↓
  11. 2017
    Annual accounts 20172,5 M €↑
  12. 2016
    Annual accounts 20161,6 M €↑
  13. 2015
    Annual accounts 2015876,4 k €↓
  14. 2014
    Annual accounts 20141,3 M €↑
  15. 2013
    Annual accounts 2013842,3 k €↓
  16. 2012
    Annual accounts 20121,5 M €↑
  17. 2011
    Annual accounts 2011520,2 k €↓
  18. 2010
    Annual accounts 20101,1 M €↑
  19. 2009
    Annual accounts 2009723,4 k €↓
  20. 2008
    Annual accounts 20081,2 M €↓
  21. 2007
    Annual accounts 20071,7 M €↑
  22. 2006
    Annual accounts 2006641,7 k €
  23. 21/01/1952
    IncorporationPublic limited company