ACTIVE

Hagelstein et Co

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Financial year 2025 · Closed on 31/12/2025

Net result8,3 k €-84,9 %over 1 year

Gross margin226 k €-24,2 %over 1 year

Equity300,6 k €+2,8 %over 1 year

Workforce4,6 ETP+17,9 %over 1 year

Identity

Source · BCE/KBO

Hagelstein et Co is a Public limited company incorporated in 1983. Its main activity is: Information service activities. Its registered office is in Aywaille. It employs on average 4,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0424.299.576
Incorporation: 07/04/1983
Legal form: Public limited company
Registered office: Rue Alphonse Gilles 6
4920 Aywaille · WallonieSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 4,6 ETP

Activities (NACE)

63301Information service activities· main 79110Travel agency activities 79110Travel agency activities

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableLow 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	226 k €	-24.2%	298 k €	-22.8%	386 k €	+67.7%	230,2 k €	+99.7%	115,3 k €
EBITDA	42,8 k €	-53.1%	91,3 k €	-27.9%	126,5 k €	+155%	49,7 k €	+145%	20,2 k €
Operating result	39,4 k €	-53.6%	84,8 k €	-28.7%	119 k €	+166%	44,7 k €	+324%	10,5 k €
Net result	8,3 k €	-84.9%	54,7 k €	-40.7%	92,3 k €	+248%	26,6 k €	+664%	-4,7 k €
Balance sheet
Equity	300,6 k €	+2.8%	292,4 k €	+23.0%	237,6 k €	+63.5%	145,3 k €	+22.4%	118,7 k €
Total assets	1,2 M €	+14.5%	1 M €	-37.3%	1,7 M €	-5.0%	1,8 M €	+110%	834,8 k €
Cash	338,8 k €	+6.6%	317,8 k €	+26.2%	251,8 k €	+50.4%	167,4 k €	-2.4%	171,6 k €
Debts	893,7 k €	+19.1%	750,3 k €	-47.4%	1,4 M €	-11.3%	1,6 M €	+124%	716,1 k €
Other
Workforce	4,6 ETP	+17.9%	3,9 ETP	-22.0%	5,0 ETP	+13.6%	4,4 ETP	+37.5%	3,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Catherine BELOT	Director31/05/2006 → 18/12/2029Mandate31/05/2012 → 2013 accountsended
Philippe HAGELSTEIN	Managing director31/05/2006 → 18/12/2029
Stephan RUIMI	Director18/12/2023 → 18/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stéphane RUIMI	Autre fonction31/05/2018 → 2021 accountsDirector30/05/2018 → 2024 accountsMandate30/05/2018 → 2019 accounts

Other companies at this address

Rue Alphonse Gilles 6 4920 Aywaille

Company	CBE no.
GATE - Golf Ski & Travel Club● Active	0416.937.078
GIGATOP ou GIGATOUR ou GIGATOUR VOYAGES ou GIGATOUR TRAVEL● Active	0456.104.787
HELIOS IMMOBILIERE● Active	0403.276.609
VOYAGES AVIA● Active	0414.880.579

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	29/08/2026	31/07/2025	23/07/2024	31/07/2023	31/08/2022	13/07/2021
General meeting	15/06/2026	23/06/2025	06/06/2024	31/05/2023	25/05/2022	26/05/2021
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

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	15/06/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	23/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	06/06/2024	23/07/2024	French	PDF
Abridged model	31/12/2022	31/05/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	25/05/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	26/05/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	27/05/2020	09/10/2020	French	PDF
Abridged model	31/12/2018	29/05/2019	25/06/2019	French	PDF
Abridged model	31/12/2017	30/05/2018	28/06/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	06/07/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	07/06/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	09/06/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	19/06/2014	French	PDF
Abridged model	31/12/2012	29/05/2013	18/06/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	04/06/2012	French	PDF
Abridged model	31/12/2010	25/05/2011	08/06/2011	French	PDF
Abridged model	31/12/2009	26/05/2010	28/05/2010	French	PDF
Abridged model	31/12/2008	27/05/2009	09/07/2009	French	PDF
Abridged model	31/12/2007	28/05/2008	05/08/2008	French	PDF
Abridged model	31/12/2006	30/05/2007	20/06/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Catherine BELOT	Director31/05/2006 → 18/12/2029Mandate31/05/2012 → 2013 accountsended
Philippe HAGELSTEIN	Managing director31/05/2006 → 18/12/2029
Stephan RUIMI	Director18/12/2023 → 18/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stéphane RUIMI	Autre fonction31/05/2018 → 2021 accountsDirector30/05/2018 → 2024 accountsMandate30/05/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office31/05/2024
SIEGE SOCIAL
PDF
Mandates03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2012
DEMISSIONS, NOMINATIONS
PDF
Restructuring20/04/2009
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring24/02/2009
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates03/07/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates03/07/2006
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Philippe HAGELSTEIN

Catherine BELOT

Stephan RUIMI

Stéphane RUIMI

19831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

HAGELSTEIN & COHAGELSTEIN ET CO

Rue Alphonse Gilles 6, 4920 AywailleChaussée de Boondael 422, 1050 Ixelles

Managing director

Director

Autre fonctionDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Alphonse Gilles 6, 4920 AywailleCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00451805
Chaussée de Boondael 422, 1050 Ixelles	accounts 2021 → 2022	Accounts 2022 · 2023-00303935

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Hagelstein et CoCurrent		CBE
HAGELSTEIN & CO	accounts 2024 → 2025	Accounts 2025 · 2026-00451805
HAGELSTEIN ET CO	accounts 2021 → 2023	Accounts 2023 · 2024-00299498

Events

2025
Annual accounts 20258,3 k €↓
2024
Annual accounts 202454,7 k €↓
2024
Name changeHAGELSTEIN & CO
2023
Annual accounts 202392,3 k €↑
2022
Annual accounts 202226,6 k €↑
2021
Annual accounts 2021-4,7 k €↑
2020
Annual accounts 2020-134,5 k €↓
2019
Annual accounts 201911,9 k €↑
2018
Annual accounts 20187,5 k €↑
2017
Annual accounts 20172,7 k €↓
2016
Annual accounts 20163,6 k €↓
2015
Annual accounts 20154,7 k €↓
2014
Annual accounts 20146,4 k €↓
2013
Annual accounts 201310,2 k €↓
2012
Annual accounts 201210,2 k €↑
2011
Annual accounts 2011-6,6 k €↓
2010
Annual accounts 20104,3 k €↑
2009
Annual accounts 2009-13,1 k €↓
2008
Annual accounts 20087,3 k €↓
2007
Annual accounts 200736,5 k €↑
2006
Annual accounts 200624,1 k €
07/04/1983
IncorporationPublic limited company

Hagelstein et Co

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events