ACTIVE

ENTREPRISES HYDROGAZ

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

10 active · 22 ended

Active mandates

Benoît Aerts

Managing director · since 28 mars 2025 · until 31 mars 2028

Active
Christophe Heinen

Director · since 28 mars 2025 · until 31 mars 2028

Active
Fabian Labrozzo

Director · since 28 mars 2025 · until 31 mars 2028

Active
Steven Forthomme

Director · since 28 mars 2025 · until 31 mars 2028

Active
TEDIS

Director · since 28 mars 2025 · until 31 mars 2028 · 0837.537.788

Represented by Bertrand Jardinet

Active
ALTERNUM

Director · since 16 décembre 2019 · until 28 mars 2025 · 0862.565.570

Represented by Jean-Christophe Rihoux

Active
Benoît Aerts

Managing director · since 16 décembre 2019 · until 28 mars 2025

Active
Christophe Heinen

Director · since 16 décembre 2019 · until 28 mars 2025

Active
Fabian Labrozzo

Director · since 16 décembre 2019 · until 28 mars 2025

Active
TEDIS

Director · since 16 décembre 2019 · until 28 mars 2025 · 0837.537.788

Represented by Bertrand Jardinet

Active

Ended mandates

ALTERNUM

Director · since 24 mai 2017 · until 22 mai 2022 · 0862.565.570

Represented by Jean-Christophe Rihoux

Ended
C&A Associates SPRL

Director · since 24 mai 2017 · until 22 mai 2022 · 0844.337.488

Represented by Christophe Heinen

Ended
Canalfin Infra Group

Director · since 24 mai 2017 · until 22 mai 2022 · 0841.690.378

Represented by Benoît Aerts

Ended
CANALFIN SA

Managing director · since 24 mai 2017 · until 22 mai 2022 · 0842.251.295

Represented by Benoît Aerts

Ended

Other companies at this address

Rue de l'Informatique 3 4460 Grâce-Hollogne
CompanyCBE no.
0691.565.062
0691.787.964
GEFOR● Active
0465.949.693
MEGABEL● Active
0453.890.813
0427.732.188
0739.647.269
0759.845.837
0834.869.003
0739.642.222
0803.059.733
0765.699.687
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

10 active · 22 ended

Active mandates

Benoît Aerts

Managing director · since 28 mars 2025 · until 31 mars 2028

Active
Christophe Heinen

Director · since 28 mars 2025 · until 31 mars 2028

Active
Fabian Labrozzo

Director · since 28 mars 2025 · until 31 mars 2028

Active
Steven Forthomme

Director · since 28 mars 2025 · until 31 mars 2028

Active
TEDIS

Director · since 28 mars 2025 · until 31 mars 2028 · 0837.537.788

Represented by Bertrand Jardinet

Active
ALTERNUM

Director · since 16 décembre 2019 · until 28 mars 2025 · 0862.565.570

Represented by Jean-Christophe Rihoux

Active
Benoît Aerts

Managing director · since 16 décembre 2019 · until 28 mars 2025

Active
Christophe Heinen

Director · since 16 décembre 2019 · until 28 mars 2025

Active
Fabian Labrozzo

Director · since 16 décembre 2019 · until 28 mars 2025

Active
TEDIS

Director · since 16 décembre 2019 · until 28 mars 2025 · 0837.537.788

Represented by Bertrand Jardinet

Active

Ended mandates

ALTERNUM

Director · since 24 mai 2017 · until 22 mai 2022 · 0862.565.570

Represented by Jean-Christophe Rihoux

Ended
C&A Associates SPRL

Director · since 24 mai 2017 · until 22 mai 2022 · 0844.337.488

Represented by Christophe Heinen

Ended
Canalfin Infra Group

Director · since 24 mai 2017 · until 22 mai 2022 · 0841.690.378

Represented by Benoît Aerts

Ended
CANALFIN SA

Managing director · since 24 mai 2017 · until 22 mai 2022 · 0842.251.295

Represented by Benoît Aerts

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • 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
  • Mandates24/10/2019
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  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