ACTIVE

Hadep

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Financial year 2025 · closed on 31/12/2025

Net result

100,9 k €

-1.6% YoY

Revenue

3,1 M €

+0.5% YoY

Equity

1,0 M €

+11.1% YoY

Workforce

18,1 ETP

+9.7% YoY

What does Hadep do?

Hadep is a Public limited company incorporated in 1976. Its registered office is in Antwerpen. It employs on average 18,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.622.621

Incorporation

15/09/1976

Legal form

Public limited company

Registered office

Groenendaallaan 385
2030 Antwerpen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

18,1 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	3,1 M €	+0.5%	3,1 M €	+4.0%	3,0 M €	+5.5%	2,8 M €	+12.0%	2,5 M €	+5.6%	2,4 M €	-8.7%	2,6 M €	+4.6%	2,5 M €	+16.8%	2,1 M €	+7.3%	2,0 M €	+3.3%	1,9 M €	+3.8%	1,9 M €	-12.9%	2,1 M €	+1.4%	2,1 M €	+9.8%	1,9 M €	+3.9%	1,8 M €	-11.3%	2,1 M €	+0.0%	2,1 M €	-9.4%	2,3 M €	+16.5%	2,0 M €
EBITDA	172,6 k €	-1.3%	174,9 k €	+1.6%	172,2 k €	+6.5%	161,7 k €	+16.6%	138,7 k €	+36.0%	102,0 k €	+38.4%	73,7 k €	+959%	7,0 k €	-87.5%	55,9 k €	+44.5%	38,7 k €	+18.4%	32,6 k €	+15.9%	28,2 k €	-19.9%	35,2 k €	-59.7%	87,4 k €	+2.7%	85,2 k €	-5.4%	90,0 k €	-9.9%	100,0 k €	+49.2%	67,0 k €	-13.5%	77,4 k €	-7.3%	83,5 k €
Operating result	149,0 k €	-2.2%	152,3 k €	+3.5%	147,2 k €	+9.0%	135,1 k €	+12.6%	120,0 k €	+36.7%	87,8 k €	+48.4%	59,2 k €	+623%	-11,3 k €	-130%	37,8 k €	+85.9%	20,3 k €	+42.8%	14,2 k €	+15.4%	12,3 k €	-43.5%	21,8 k €	-70.4%	73,7 k €	+5.3%	70,0 k €	-3.0%	72,2 k €	-13.2%	83,1 k €	+57.2%	52,9 k €	-20.7%	66,7 k €	-5.7%	70,8 k €
Net result	100,9 k €	-1.6%	102,5 k €	+5.2%	97,5 k €	+1.4%	96,2 k €	+12.9%	85,1 k €	+39.9%	60,9 k €	+94.5%	31,3 k €	-1.2%	31,7 k €	+38.5%	22,9 k €	+32.4%	17,3 k €	+39.7%	12,4 k €	-0.9%	12,5 k €	+1559%	752,1 €	+149%	-1,5 k €	-281%	-401,5 €	-103%	12,5 k €	-54.8%	27,6 k €	+1267%	2,0 k €	-60.6%	5,1 k €	+114%	-36,5 k €
Balance sheet
Equity	1,0 M €	+11.1%	912,0 k €	+12.7%	809,5 k €	+13.7%	712,0 k €	+15.6%	615,8 k €	+16.0%	530,7 k €	+13.0%	469,8 k €	+7.1%	438,5 k €	+7.8%	406,9 k €	+6.0%	384,0 k €	+4.7%	366,7 k €	+3.5%	354,4 k €	+3.7%	341,9 k €	0.0%	341,9 k €	-0.4%	343,4 k €	-0.1%	343,8 k €	+3.8%	331,3 k €	+9.1%	303,7 k €	+0.7%	301,7 k €	+1.7%	296,5 k €
Total assets	1,6 M €	-6.2%	1,7 M €	+10.8%	1,6 M €	-10.0%	1,7 M €	+2.1%	1,7 M €	+33.4%	1,3 M €	-10.6%	1,4 M €	+7.6%	1,3 M €	-7.1%	1,4 M €	+8.6%	1,3 M €	+5.1%	1,2 M €	+15.8%	1,1 M €	-18.4%	1,3 M €	-16.5%	1,6 M €	-1.6%	1,6 M €	+33.7%	1,2 M €	-5.5%	1,3 M €	+15.1%	1,1 M €	-31.7%	1,6 M €	+12.2%	1,4 M €
Debts	595,7 k €	-24.8%	792,3 k €	+7.1%	740,0 k €	-26.4%	1,0 M €	-5.9%	1,1 M €	+45.7%	733,9 k €	-22.4%	945,9 k €	+7.8%	877,6 k €	-13.2%	1,0 M €	+9.7%	921,4 k €	+5.3%	875,3 k €	+21.8%	718,8 k €	-26.0%	971,8 k €	-21.2%	1,2 M €	-2.1%	1,3 M €	+47.0%	856,2 k €	-8.8%	939,0 k €	+17.6%	798,7 k €	-39.1%	1,3 M €	+15.6%	1,1 M €
Other
Workforce	18,1 ETP	+9.7%	16,5 ETP	-3.5%	17,1 ETP	+11.0%	15,4 ETP	-5.5%	16,3 ETP	-9.4%	18,0 ETP	+11.1%	16,2 ETP	+20.0%	13,5 ETP	+12.5%	12,0 ETP	+0.8%	11,9 ETP	-5.6%	12,6 ETP	-8.0%	13,7 ETP	+3.0%	13,3 ETP	-0.7%	13,4 ETP	-1.5%	13,6 ETP	-3.5%	14,1 ETP	-12.4%	16,1 ETP	+0.6%	16,0 ETP	-4.2%	16,7 ETP	+6.4%	15,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 20 ended

Active mandates

InfraMobility

Director · since 16 juin 2025 · until 16 juin 2031 · 0731.655.657

Represented by Joris Larosse

Active

Ended mandates

InfraMobility

Director · since 01 juillet 2023 · until 16 juin 2025 · 0731.655.657

Represented by Joris Larosse

Ended

Gerda Verbelen

Director · since 28 juin 2019 · until 30 juin 2025

Ended

HANSEA

Managing director · since 28 juin 2019 · until 15 juin 2025 · 0454.982.260

Represented by Joris Larosse

Ended

HANSEA

Managing director · since 28 juin 2019 · until 30 juin 2025 · 0454.982.260

Represented by Joris Larosse

Ended

At this address

Other companies at this address

Company	CBE no.
Autocars De Polder● Active	0404.790.896

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	30/06/2026	09/07/2025	10/07/2024	27/06/2023	17/06/2022	09/06/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	15/06/2023	15/06/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	16/06/2025	09/07/2025	Dutch	PDF
Full model	31/12/2023	17/06/2024	10/07/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	15/06/2022	17/06/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	09/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	07/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	25/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	14/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	16/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	11/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	08/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	14/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	08/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	10/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	16/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 20 ended

Active mandates

InfraMobility

Director · since 16 juin 2025 · until 16 juin 2031 · 0731.655.657

Represented by Joris Larosse

Active

Ended mandates

InfraMobility

Director · since 01 juillet 2023 · until 16 juin 2025 · 0731.655.657

Represented by Joris Larosse

Ended

Gerda Verbelen

Director · since 28 juin 2019 · until 30 juin 2025

Ended

HANSEA

Managing director · since 28 juin 2019 · until 15 juin 2025 · 0454.982.260

Represented by Joris Larosse

Ended

HANSEA

Managing director · since 28 juin 2019 · until 30 juin 2025 · 0454.982.260

Represented by Joris Larosse

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2026
Hernieuwing mandaat bestuurder - Kennisname benoeming
PDF
Mandates21/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates16/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other15/01/2019
DIVERSEN
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 2025100,9 k €↓
2024
Annual accounts 2024102,5 k €↑
2023
Annual accounts 202397,5 k €↑
2022
Annual accounts 202296,2 k €↑
2021
Annual accounts 202185,1 k €↑
2020
Annual accounts 202060,9 k €↑
2019
Annual accounts 201931,3 k €↓
2018
Annual accounts 201831,7 k €↑
2017
Annual accounts 201722,9 k €↑
2016
Annual accounts 201617,3 k €↑
2015
Annual accounts 201512,4 k €↓
2014
Annual accounts 201412,5 k €↑
2013
Annual accounts 2013752,1 €↑
2012
Annual accounts 2012-1,5 k €↓
2011
Annual accounts 2011-401,5 €↓
2010
Annual accounts 201012,5 k €↓
2009
Annual accounts 200927,6 k €↑
2008
Annual accounts 20082,0 k €↓
2007
Annual accounts 20075,1 k €↑
2006
Annual accounts 2006-36,5 k €
15/09/1976
IncorporationPublic 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

Hadep

Overview

What does Hadep do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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