ACTIVE

Harbel

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

49,2 k €

+21.2% YoY

Gross margin

128 k €

-20.6% YoY

Equity

2 M €

+2.5% YoY

What does Harbel do?

Harbel is a Public limited company incorporated in 1979. Its registered office is in Wemmel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.836.388

Incorporation

01/10/1979

Legal form

Public limited company

Registered office

Zijp 160
1780 Wemmel · FlandreSee on map

Contributed capital

545 365,75 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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
Gross margin	128 k €	-20.6%	161,3 k €	+55.7%	103,5 k €	-4.9%	108,9 k €	+17.4%	92,8 k €	-2.5%	95,1 k €	-77.6%	424,6 k €	+261%	117,8 k €	+2.2%	115,3 k €	+4.0%	110,9 k €	+1.1%	109,6 k €	+1.9%	107,6 k €	+0.8%	106,8 k €	+0.4%	106,4 k €	-5.6%	112,6 k €	+23.4%	91,3 k €	+107%	44,1 k €	+7527%	578,1 €	-93.9%	9,5 k €	+1489%	598,4 €
EBITDA	109,4 k €	+7.9%	101,4 k €	-1.2%	102,6 k €	-4.8%	107,7 k €	+37.2%	78,5 k €	-14.0%	91,3 k €	-77.7%	408,6 k €	+571%	-86,7 k €	-187%	99,4 k €	+3.7%	95,8 k €	-0.4%	96,2 k €	+2.7%	93,7 k €	-0.2%	93,9 k €	+23.2%	76,2 k €	-23.5%	99,6 k €	+21.7%	81,8 k €	+99.9%	40,9 k €	+1498%	-2,9 k €	-165%	4,5 k €	+187%	-5,2 k €
Operating result	64,9 k €	+14.0%	56,9 k €	-72.3%	205,8 k €	+179%	73,7 k €	+66.1%	44,4 k €	-22.3%	57,2 k €	-84.7%	374,6 k €	+408%	-121,6 k €	-291%	63,6 k €	+4.6%	60,8 k €	-0.2%	60,9 k €	+3.0%	59,1 k €	-0.3%	59,3 k €	+42.4%	41,6 k €	-36.0%	65 k €	+38.5%	46,9 k €	+130%	-156,5 k €	-1488%	-9,9 k €	-174%	-3,6 k €	+74.8%	-14,3 k €
Net result	49,2 k €	+21.2%	40,6 k €	-78.6%	190,1 k €	+245%	55,1 k €	+141%	22,8 k €	-41.4%	38,9 k €	-86.1%	279,1 k €	+290%	-147 k €	-488%	37,9 k €	-4.4%	39,6 k €	-0.6%	39,8 k €	-27.1%	54,7 k €	+128%	24 k €	-55.6%	54 k €	-45.6%	99,2 k €	+18.9%	83,4 k €	+178%	-106,5 k €	-307%	51,6 k €	+0.6%	51,2 k €	-82.9%	300,2 k €
Balance sheet
Equity	2 M €	+2.5%	1,9 M €	+2.1%	1,9 M €	+11.2%	1,7 M €	+3.3%	1,6 M €	-0.1%	1,7 M €	+2.4%	1,6 M €	+20.9%	1,3 M €	-7.6%	1,4 M €	+2.7%	1,4 M €	+2.9%	1,4 M €	+3.0%	1,3 M €	+4.3%	1,3 M €	+1.9%	1,2 M €	+4.5%	1,2 M €	+9.1%	1,1 M €	+8.3%	1 M €	-9.5%	1,1 M €	+4.8%	1,1 M €	+5.1%	1 M €
Total assets	2,5 M €	-0.9%	2,5 M €	-12.4%	2,9 M €	+12.3%	2,6 M €	-2.4%	2,6 M €	-1.7%	2,7 M €	-0.9%	2,7 M €	+12.3%	2,4 M €	+0.0%	2,4 M €	-1.1%	2,4 M €	-1.6%	2,5 M €	-1.3%	2,5 M €	+0.1%	2,5 M €	-1.7%	2,6 M €	-1.6%	2,6 M €	+1.3%	2,6 M €	+1.3%	2,5 M €	+82.6%	1,4 M €	+4.5%	1,3 M €	+5.8%	1,3 M €
Cash	58,8 k €	+13.7%	51,7 k €	-86.6%	384,6 k €	-2.5%	394,6 k €	-10.0%	438,2 k €	-5.5%	463,8 k €	+30.1%	356,5 k €	+929%	34,6 k €	+152%	13,7 k €	+369%	2,9 k €	-88.2%	24,8 k €	-39.1%	40,7 k €	+5.1%	38,7 k €	+6.1%	36,5 k €	+17.1%	31,2 k €	+44.0%	21,7 k €	+126%	9,6 k €	+330%	2,2 k €	-60.1%	5,6 k €	-74.5%	21,9 k €
Debts	302,3 k €	-17.9%	368 k €	-51.6%	761 k €	+54.6%	492,3 k €	-18.8%	606,2 k €	-4.3%	633,3 k €	-8.5%	691,9 k €	-8.9%	759,5 k €	-4.3%	794 k €	-6.8%	851,5 k €	-7.7%	922,9 k €	-6.7%	988,7 k €	-4.5%	1 M €	-5.5%	1,1 M €	-8.7%	1,2 M €	-4.7%	1,3 M €	-3.3%	1,3 M €	+2793%	45 k €	+28.6%	35 k €	+132%	15,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 32 ended

Active mandates

Philip Steeland

Managing director

Active

Stéphanie Steeland

Mandate

Active

Ended mandates

RE4M

Director · since 19 novembre 2021 · 0819.802.428

Represented by Bert Berlon

Ended

VASTIA

Director · since 19 novembre 2021 · 0837.953.108

Represented by Stéphanie Steeland

Ended

SUNPOLIS

Director · since 29 avril 2019 · 0480.025.779

Represented by Philip Steeland

Ended

SUNPOLIS

Director · since 29 avril 2019 · 0480.025.779

Represented by Philip Steeland

Ended

At this address

Other companies at this address

Company	CBE no.
Garbat● Active	0427.934.504
VASTIA● Active	0837.953.108
Vastia Groep● Active	0802.111.509
VASTIA LAND● Active	0716.926.802
VASTIA RISKLESS FUND● Active	0544.990.045
vereniging van mede-eigenaars Zijp 160 te 1780 Wemmel● Active	0533.776.449

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	10/07/2026	29/08/2025	10/09/2024	14/03/2024	30/06/2022	28/10/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	08/03/2024	28/06/2022	21/10/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	29/08/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	03/06/2024	10/09/2024	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	08/03/2024	14/03/2024	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/10/2021	28/10/2021	Dutch	PDF
Abridged model	31/12/2019	19/10/2020	23/10/2020	Dutch	PDF
Abridged model	31/12/2018	16/07/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	29/04/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2016	21/02/2019	17/04/2019	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	18/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	29/09/2015	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	29/10/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/12/2010	30/12/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	16/09/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	27/11/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	26/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 32 ended

Active mandates

Philip Steeland

Managing director

Active

Stéphanie Steeland

Mandate

Active

Ended mandates

RE4M

Director · since 19 novembre 2021 · 0819.802.428

Represented by Bert Berlon

Ended

VASTIA

Director · since 19 novembre 2021 · 0837.953.108

Represented by Stéphanie Steeland

Ended

SUNPOLIS

Director · since 29 avril 2019 · 0480.025.779

Represented by Philip Steeland

Ended

SUNPOLIS

Director · since 29 avril 2019 · 0480.025.779

Represented by Philip Steeland

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other20/09/2022
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2006
ONTSLAGEN - BENOEMINGEN
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 202549,2 k €↑
2024
Annual accounts 202440,6 k €↓
2023
Annual accounts 2023190,1 k €↑
2022
Annual accounts 202255,1 k €↑
2021
Annual accounts 202122,8 k €↓
2020
Annual accounts 202038,9 k €↓
2019
Annual accounts 2019279,1 k €↑
2018
Annual accounts 2018-147 k €↓
2017
Annual accounts 201737,9 k €↓
2016
Annual accounts 201639,6 k €↓
2015
Annual accounts 201539,8 k €↓
2014
Annual accounts 201454,7 k €↑
2013
Annual accounts 201324 k €↓
2012
Annual accounts 201254 k €↓
2011
Annual accounts 201199,2 k €↑
2010
Annual accounts 201083,4 k €↑
2009
Annual accounts 2009-106,5 k €↓
2008
Annual accounts 200851,6 k €↑
2007
Annual accounts 200751,2 k €↓
2006
Annual accounts 2006300,2 k €
01/10/1979
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

Harbel

Overview

What does Harbel 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