ACTIVE

HADECOUP

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Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €-22,2 %over 1 year

Gross margin1,8 M €-5,7 %over 1 year

Equity7,4 M €-11,1 %over 1 year

Workforce6,2 ETP+17,0 %over 1 year

Identity

Source · BCE/KBO

HADECOUP is a Private limited company incorporated in 1976. Its registered office is in Houthalen-Helchteren. It employs on average 6,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0416.313.211
Incorporation: 27/04/1976
Legal form: Private limited company
Registered office: Centrum-Zuid 59
3530 Houthalen-Helchteren · FlandreSee on map
Contributed capital: 55 776,04 €
Latest accounts: 31/12/2025
Average workforce: 6,2 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,8 M €	-5.7%	2 M €	-5.0%	2,1 M €	+7.6%	1,9 M €	+15.7%	1,7 M €
EBITDA	1,4 M €	-10.7%	1,6 M €	-8.6%	1,8 M €	+7.6%	1,6 M €	+22.5%	1,3 M €
Operating result	1,4 M €	-12.7%	1,6 M €	-8.9%	1,7 M €	+7.2%	1,6 M €	+23.0%	1,3 M €
Net result	1,1 M €	-22.2%	1,4 M €	-4.0%	1,4 M €	+16.7%	1,2 M €	+23.3%	1 M €
Balance sheet
Equity	7,4 M €	-11.1%	8,3 M €	+20.0%	6,9 M €	+26.2%	5,5 M €	+29.0%	4,3 M €
Total assets	11,5 M €	+34.6%	8,6 M €	+19.6%	7,2 M €	+26.8%	5,7 M €	+28.4%	4,4 M €
Cash	20,2 k €	+8.6%	18,6 k €	+10.0%	17 k €	-87.3%	133,6 k €	-96.0%	3,4 M €
Debts	4,1 M €	+1737%	225,3 k €	-5.8%	239,2 k €	+56.0%	153,3 k €	+10.1%	139,2 k €
Other
Workforce	6,2 ETP	+17.0%	5,3 ETP	+15.2%	4,6 ETP	+2.2%	4,5 ETP	-6.2%	4,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 10 ended

Active mandates

Erik Ekelund

Director · since 23 mai 2026

Active

Gregorius Hesselink

Managing director · since 23 mai 2026

Active

Carl Diepenbroek

Director · since 01 avril 2022

Active

Martijn Stellaard

Director · since 01 avril 2022 · until 22 mai 2026

Active

Steve Follon

Managing director · since 01 avril 2022 · until 22 mai 2026

Active

Ended mandates

Martijn Stellaard

Director · since 01 avril 2022

Ended

Steve Follon

Managing director · since 01 avril 2022

Ended

Eddy Gilissen

Director · since 05 décembre 2013

Ended

Eddy Gilissen

Managing director · since 05 décembre 2013 · until 01 avril 2022

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	17/07/2025	24/06/2024	26/06/2023	24/06/2022	28/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	26/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	24/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	02/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	20/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/03/2013	03/06/2013	Dutch	PDF
Abridged model	31/12/2011	06/04/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/01/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	02/04/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	03/04/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	04/04/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	06/04/2007	28/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 10 ended

Active mandates

Erik Ekelund

Director · since 23 mai 2026

Active

Gregorius Hesselink

Managing director · since 23 mai 2026

Active

Carl Diepenbroek

Director · since 01 avril 2022

Active

Martijn Stellaard

Director · since 01 avril 2022 · until 22 mai 2026

Active

Steve Follon

Managing director · since 01 avril 2022 · until 22 mai 2026

Active

Ended mandates

Martijn Stellaard

Director · since 01 avril 2022

Ended

Steve Follon

Managing director · since 01 avril 2022

Ended

Eddy Gilissen

Director · since 05 décembre 2013

Ended

Eddy Gilissen

Managing director · since 05 décembre 2013 · until 01 avril 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/08/2026
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/02/2020
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares08/05/2018
KAPITAAL - AANDELEN
PDF
Capital / shares17/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/03/2010
ONTSLAGEN - BENOEMINGEN
PDF

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

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Timeline

2025
Annual accounts 20251,1 M €↓
2024
Annual accounts 20241,4 M €↓
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020711 k €↑
2019
Annual accounts 2019435,5 k €↓
2018
Annual accounts 2018516,4 k €↑
2017
Annual accounts 2017349,7 k €↑
2016
Annual accounts 2016312,9 k €↑
2015
Annual accounts 2015228 k €↓
2014
Annual accounts 2014264,8 k €↑
2013
Annual accounts 2013207,4 k €↑
2012
Annual accounts 2012133,2 k €↑
2011
Annual accounts 2011128,4 k €↑
2010
Annual accounts 201088,3 k €↓
2009
Annual accounts 2009101,4 k €↑
2008
Annual accounts 200850,4 k €↑
2007
Annual accounts 200750,1 k €↑
2006
Annual accounts 200628,5 k €
27/04/1976
IncorporationPrivate limited company

HADECOUP

Overview

Identity

Financials

Valuation

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

Timeline