ACTIVE

HAGER Modulec

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Financial year 2025 · closed on 31/12/2025

Net result

880 k €

-3.8% YoY

Revenue

24,3 M €

+3.4% YoY

Equity

5,3 M €

0.0% YoY

Workforce

22,8 ETP

-0.9% YoY

What does HAGER Modulec do?

HAGER Modulec is a Public limited company incorporated in 1980. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Dilbeek. It employs on average 22,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0421.067.003

Incorporation

23/12/1980

Legal form

Public limited company

Registered office

Noordkustlaan 16C
1702 Dilbeek · FlandreSee on map

Contributed capital

4 850 000,00 €

Latest accounts

31/12/2025

Average workforce

22,8 ETP

Activities (NACE)

46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46693Wholesale of other machinery and equipment 51871Air transport

Joint committees (4)

14901
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	24,3 M €	+3.4%	23,5 M €	-6.8%	25,2 M €	+16.3%	21,7 M €	+0.9%	21,5 M €	+28.1%	16,8 M €	+1.5%	16,5 M €	+3.8%	15,9 M €	+0.7%	15,8 M €	-1.9%	16,1 M €	+1.8%	15,8 M €	-12.9%	18,2 M €	+4.0%	17,5 M €	+5.3%	16,6 M €	+1.8%	16,3 M €	-6.7%	17,5 M €	+2.5%	17,1 M €
EBITDA	1,4 M €	+4.8%	1,4 M €	-14.4%	1,6 M €	+40.8%	1,1 M €	-30.7%	1,6 M €	+35.1%	1,2 M €	+26.7%	962,8 k €	+22.3%	787,1 k €	-37.9%	1,3 M €	-15.9%	1,5 M €	-11.1%	1,7 M €	-27.3%	2,3 M €	+43.6%	1,6 M €	-12.6%	1,9 M €	+7.2%	1,7 M €	-3.5%	1,8 M €	-4.5%	1,9 M €
Operating result	1,5 M €	+7.2%	1,4 M €	-12.0%	1,6 M €	+39.6%	1,1 M €	-30.7%	1,6 M €	+36.1%	1,2 M €	+27.3%	930,5 k €	+23.6%	753,1 k €	-38.0%	1,2 M €	-17.2%	1,5 M €	-11.6%	1,7 M €	-28.4%	2,3 M €	+55.1%	1,5 M €	-17.0%	1,8 M €	+11.1%	1,6 M €	-3.0%	1,7 M €	-2.9%	1,7 M €
Net result	880 k €	-3.8%	914,8 k €	-27.1%	1,3 M €	+139%	525,1 k €	-40.8%	886,3 k €	+49.6%	592,5 k €	+49.4%	396,5 k €	+48.2%	267,5 k €	-59.2%	655,9 k €	-17.8%	797,8 k €	-7.3%	861 k €	-50.7%	1,7 M €	+111%	829,1 k €	-16.7%	994,8 k €	+5.7%	940,8 k €	-6.9%	1 M €	+11.1%	909,6 k €
Balance sheet
Equity	5,3 M €	0.0%	5,3 M €	0.0%	5,3 M €	-72.3%	19,2 M €	+2.8%	18,7 M €	+15.9%	16,1 M €	+3.8%	15,5 M €	+2.6%	15,2 M €	+1.8%	14,9 M €	+4.6%	14,2 M €	+5.9%	13,4 M €	+6.9%	12,6 M €	+15.9%	10,8 M €	+8.3%	10 M €	+11.0%	9 M €	+11.6%	8,1 M €	+14.3%	7,1 M €
Total assets	11 M €	+13.2%	9,7 M €	-21.3%	12,3 M €	-49.2%	24,3 M €	+3.6%	23,4 M €	+21.7%	19,2 M €	+5.5%	18,2 M €	+2.4%	17,8 M €	+1.8%	17,5 M €	+4.7%	16,7 M €	+6.4%	15,7 M €	+2.2%	15,4 M €	+2.0%	15 M €	+10.3%	13,6 M €	+11.0%	12,3 M €	+1.8%	12,1 M €	+11.5%	10,8 M €
Cash	2,4 k €	+54.7%	1,6 k €	-2.6%	1,6 k €	+14.4%	1,4 k €	-70.1%	4,7 k €	+245%	1,4 k €	-24.7%	1,8 k €	-77.6%	8,1 k €	+98.9%	4,1 k €	+172%	1,5 k €	-14.2%	1,7 k €	-34.4%	2,7 k €	+86.4%	1,4 k €	-69.7%	4,7 k €	+54.2%	3 k €	-2.0%	3,1 k €	+121%	1,4 k €
Debts	5,6 M €	+30.5%	4,3 M €	-37.8%	6,9 M €	+38.2%	5 M €	+6.5%	4,7 M €	+51.6%	3,1 M €	+15.4%	2,7 M €	+1.4%	2,7 M €	+1.6%	2,6 M €	+5.7%	2,5 M €	+10.5%	2,2 M €	-16.8%	2,7 M €	-35.2%	4,2 M €	+16.4%	3,6 M €	+13.9%	3,1 M €	-19.5%	3,9 M €	+7.0%	3,6 M €
Other
Workforce	22,8 ETP	-0.9%	23,0 ETP	-3.4%	23,8 ETP	-3.6%	24,7 ETP	+2.9%	24,0 ETP	-1.2%	24,3 ETP	-11.3%	27,4 ETP	-0.7%	27,6 ETP	+0.7%	27,4 ETP	+2.2%	26,8 ETP	+8.5%	24,7 ETP	-6.8%	26,5 ETP	-8.9%	29,1 ETP	-7.9%	31,6 ETP	-9.2%	34,8 ETP	+3.9%	33,5 ETP	+8.4%	30,9 ETP

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 · 3 active · 23 ended

Active mandates

Adrien Richter

Director · since 12 mars 2025 · until 06 juin 2031

Active

Dominique Weber

Director · since 07 novembre 2022 · until 02 juin 2028

Active

Arnaud Lambert

Managing director · since 01 novembre 2022 · until 02 juin 2028

Active

Ended mandates

Jennifer Udanch

Director · since 11 décembre 2023 · until 01 juin 2029

Ended

Patrice Wind

Director · since 04 juin 2021 · until 04 juin 2027

Ended

Daphna Goldstein

Director · since 08 décembre 2020 · until 07 juin 2024

Ended

Stephan Kreutzer

Director · since 07 juin 2019 · until 26 juin 2020

Ended

At this address

Other companies at this address

Company	CBE no.
ECOLAB● Active	0403.091.121
NALCO BELGIUM● Active	0402.940.968
Papyrus Belgium Papier● Active	0426.246.407

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	01/07/2026	24/06/2025	18/06/2024	17/07/2023	18/07/2022	09/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	23/06/2023	03/06/2022	25/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	24/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	18/06/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	18/07/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	09/08/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	02/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	20/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	02/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	25/06/2012	French	PDF
Full model	31/12/2010	10/06/2011	22/06/2011	French	PDF
Full model	31/12/2009	04/06/2010	02/07/2010	French	PDF
Full model	31/12/2008	05/06/2009	30/06/2009	French	PDF
Full model	31/12/2007	06/06/2008	23/06/2008	French	PDF
Full modelCorrection	31/12/2006	01/06/2007	14/08/2007	French	PDF
Full model	31/12/2006	01/06/2007	26/06/2007	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 · 3 active · 23 ended

Active mandates

Adrien Richter

Director · since 12 mars 2025 · until 06 juin 2031

Active

Dominique Weber

Director · since 07 novembre 2022 · until 02 juin 2028

Active

Arnaud Lambert

Managing director · since 01 novembre 2022 · until 02 juin 2028

Active

Ended mandates

Jennifer Udanch

Director · since 11 décembre 2023 · until 01 juin 2029

Ended

Patrice Wind

Director · since 04 juin 2021 · until 04 juin 2027

Ended

Daphna Goldstein

Director · since 08 décembre 2020 · until 07 juin 2024

Ended

Stephan Kreutzer

Director · since 07 juin 2019 · until 26 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2025
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates08/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2021
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 2025880 k €↓
2024
Annual accounts 2024914,8 k €↓
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 2022525,1 k €↓
2021
Annual accounts 2021886,3 k €↑
2018
Annual accounts 2018592,5 k €↑
2017
Annual accounts 2017396,5 k €↑
2016
Annual accounts 2016267,5 k €↓
2015
Annual accounts 2015655,9 k €↓
2014
Annual accounts 2014797,8 k €↓
2013
Annual accounts 2013861 k €↓
2012
Annual accounts 20121,7 M €↑
2011
Annual accounts 2011829,1 k €↓
2010
Annual accounts 2010994,8 k €↑
2009
Annual accounts 2009940,8 k €↓
2008
Annual accounts 20081 M €↑
2007
Annual accounts 2007909,6 k €
23/12/1980
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

HAGER Modulec

Overview

What does HAGER Modulec do?

Trend over 17 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