ACTIVE

HYDROWAL

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

+0.3% YoY

Revenue

1,8 M €

+0.3% YoY

Equity

3,7 M €

+0.3% YoY

What does HYDROWAL do?

HYDROWAL is a Public limited company incorporated in 1980. Its main activity is: Distribution of gaseous fuels through mains. Its registered office is in Zaventem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.552.210

Incorporation

29/04/1980

Legal form

Public limited company

Registered office

Hermeslaan 11
1932 Zaventem · FlandreSee on map

Contributed capital

2 354 988,49 €

Latest accounts

31/12/2025

Activities (NACE)

35220Distribution of gaseous fuels through mains· main 35220Distribution of gaseous fuels through mains 40220Distribution et commerce de combustibles gazeux

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	1,8 M €	+0.3%	1,8 M €	+0.5%	1,7 M €	+2.8%	1,7 M €	+7.2%	1,6 M €	+3.7%	1,5 M €	+2.5%	1,5 M €	+2.3%	1,5 M €	+3.0%	1,4 M €		–		–		–		–		–		1,2 M €	-5.3%	1,3 M €
EBITDA	1,7 M €	+0.3%	1,7 M €	+0.5%	1,7 M €	+3.0%	1,7 M €	+7.2%	1,6 M €	+3.9%	1,5 M €	+1.8%	1,5 M €	+2.2%	1,5 M €	+2.9%	1,4 M €	+1.8%	1,4 M €	+0.9%	1,4 M €	+2.4%	1,3 M €	-1.8%	1,4 M €	+2.9%	1,3 M €	+11.6%	1,2 M €	-5.2%	1,3 M €
Operating result	1,7 M €	+0.3%	1,7 M €	+0.5%	1,7 M €	+3.0%	1,7 M €	+7.2%	1,6 M €	+3.9%	1,5 M €	+1.8%	1,5 M €	+2.2%	1,5 M €	+2.9%	1,4 M €	+1.8%	1,4 M €	+0.9%	1,4 M €	+2.4%	1,3 M €	-1.8%	1,4 M €	+2.9%	1,3 M €	+11.6%	1,2 M €	-5.2%	1,3 M €
Net result	1,3 M €	+0.3%	1,3 M €	+0.2%	1,3 M €	+3.2%	1,3 M €	+7.5%	1,2 M €	+2.8%	1,1 M €	+9.3%	1 M €	+3.0%	1 M €	+7.5%	943,1 k €	-3.8%	980,5 k €	-3.3%	1 M €	-2.4%	1 M €	+1.7%	1 M €	+2.1%	1 M €	+0.0%	1 M €	-3.7%	1 M €
Balance sheet
Equity	3,7 M €	+0.3%	3,6 M €	+0.2%	3,6 M €	+0.1%	3,6 M €	-1.0%	3,7 M €	-24.7%	4,9 M €	+30.6%	3,7 M €	-81.0%	19,7 M €	+5.4%	18,7 M €	+5.3%	17,7 M €	+5.9%	16,7 M €	+6.4%	15,7 M €	+7.1%	14,7 M €	+7.5%	13,7 M €	+7.9%	12,7 M €	+8.6%	11,7 M €
Total assets	5 M €	-1.0%	5 M €	-0.9%	5,1 M €	-1.0%	5,1 M €	-17.8%	6,3 M €	+24.5%	5 M €	+29.7%	3,9 M €	-80.7%	20,1 M €	+4.4%	19,3 M €	+5.4%	18,3 M €	+6.4%	17,2 M €	+6.5%	16,1 M €	+8.0%	14,9 M €	+4.4%	14,3 M €	+5.2%	13,6 M €	+12.4%	12,1 M €
Cash	–		–		–		–		–		–		–		–		289,6 €		–		–		–		–		–		–		39,2 €
Debts	1,3 M €	-4.4%	1,4 M €	-3.6%	1,5 M €	-3.7%	1,5 M €	-41.5%	2,6 M €	+1566%	155,3 k €	+7.0%	145,1 k €	-65.7%	423,4 k €	-28.0%	588,3 k €	+6.4%	552,8 k €	+29.8%	426 k €	+7.3%	397,1 k €	+66.1%	239,1 k €	-61.9%	628,2 k €	-31.6%	918,6 k €	+121%	416,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 80 ended

Active mandates

Gilles LE VAN

Director · since 25 août 2025 · until 26 juin 2026

Active

Alain LE BORGNE

Director · since 16 juin 2025 · until 26 juin 2026

Active

Pierre COSTA DE BEAUREGARD

Director · since 16 juin 2025 · until 26 juin 2026

Active

Xavier PONTONE

Director · since 16 juin 2025 · until 26 juin 2026

Active

Christophe CHALIER

Chairman of the board of directors · since 01 septembre 2024 · until 01 septembre 2025

Active

Ended mandates

Christophe CHALIER

Chairman of the board of directors · since 01 septembre 2024 · until 16 juin 2025

Ended

Pierre COSTA DE BEAUREGARD

Director · since 01 septembre 2024 · until 16 juin 2025

Ended

Alain LE BORGNE

Director · since 10 juin 2024 · until 16 juin 2025

Ended

Alexander ARKHIPOV

Director · since 10 juin 2024 · until 01 septembre 2024

Ended

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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	14/07/2026	01/07/2025	19/06/2024	28/06/2023	13/06/2022	16/06/2021
General meeting	14/07/2026	16/06/2025	10/06/2024	16/06/2023	27/05/2022	27/05/2021
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	14/07/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	16/06/2025	01/07/2025	French	PDF
Full model	31/12/2023	10/06/2024	19/06/2024	French	PDF
Full model	31/12/2022	16/06/2023	28/06/2023	French	PDF
Full model	31/12/2021	27/05/2022	13/06/2022	French	PDF
Full model	31/12/2020	27/05/2021	16/06/2021	French	PDF
Full model	31/12/2019	26/05/2020	08/07/2020	French	PDF
Full model	31/12/2018	27/05/2019	31/05/2019	French	PDF
Full model	31/12/2017	28/05/2018	12/06/2018	French	PDF
Full model	31/12/2016	09/05/2017	12/06/2017	French	PDF
Full model	31/12/2015	10/05/2016	29/06/2016	French	PDF
Full model	31/12/2014	26/05/2015	27/07/2015	French	PDF
Full model	31/12/2013	13/05/2014	29/10/2014	French	PDF
Full model	31/12/2012	14/05/2013	29/07/2013	French	PDF
Full model	31/12/2011	08/05/2012	24/07/2012	French	PDF
Full model	31/12/2010	29/06/2011	05/09/2011	French	PDF
Full model	31/12/2009	11/05/2010	12/07/2010	French	PDF
Full model	31/12/2008	12/05/2009	16/07/2009	French	PDF
Full model	31/12/2007	13/05/2008	02/07/2008	French	PDF
Full model	31/12/2006	08/05/2007	12/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 5 active · 80 ended

Active mandates

Gilles LE VAN

Director · since 25 août 2025 · until 26 juin 2026

Active

Alain LE BORGNE

Director · since 16 juin 2025 · until 26 juin 2026

Active

Pierre COSTA DE BEAUREGARD

Director · since 16 juin 2025 · until 26 juin 2026

Active

Xavier PONTONE

Director · since 16 juin 2025 · until 26 juin 2026

Active

Christophe CHALIER

Chairman of the board of directors · since 01 septembre 2024 · until 01 septembre 2025

Active

Ended mandates

Christophe CHALIER

Chairman of the board of directors · since 01 septembre 2024 · until 16 juin 2025

Ended

Pierre COSTA DE BEAUREGARD

Director · since 01 septembre 2024 · until 16 juin 2025

Ended

Alain LE BORGNE

Director · since 10 juin 2024 · until 16 juin 2025

Ended

Alexander ARKHIPOV

Director · since 10 juin 2024 · until 01 septembre 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/08/2026
Benoeming van een nieuwe vertegenwoordiger van de commissaris -
PDF
Registered office03/10/2025
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates16/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates03/08/2023
DEMISSIONS, NOMINATIONS
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 20251,3 M €↑
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 20221,3 M €↑
2021
Annual accounts 20211,2 M €↑
2020
Annual accounts 20201,1 M €↑
2019
Annual accounts 20191 M €↑
2018
Annual accounts 20181 M €↑
2017
Annual accounts 2017943,1 k €↓
2016
Annual accounts 2016980,5 k €↓
2015
Annual accounts 20151 M €↓
2014
Annual accounts 20141 M €↑
2013
Annual accounts 20131 M €↑
2012
Annual accounts 20121 M €↑
2011
Annual accounts 20111 M €↓
2010
Annual accounts 20101 M €
29/04/1980
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

HYDROWAL

Overview

What does HYDROWAL do?

Trend over 16 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