HEMAG
0426.085.267 · rovalta.com · 23/09/2026
ACTIVE
HEMAG
Financial year 2025 · closed on 30/09/2025
Net result
-727,2 k €
-53.2% YoY
Gross margin
781,8 k €
+56.9% YoY
Equity
2,6 M €
-21.6% YoY
Workforce
2,0 ETP
0.0% YoY
Overview
What does HEMAG do?
HEMAG is a Public limited company incorporated in 1984. Its registered office is in Mouscron. It employs on average 2,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0426.085.267
Incorporation
29/06/1984
Legal form
Public limited company
Registered office
Rue de l'Abattoir 53 -59
7700 Mouscron · WallonieSee on map
7700 Mouscron · WallonieSee on map
Contributed capital
1 276 651,65 €
Latest accounts
30/09/2025
Average workforce
2,0 ETP
Joint committees (5)
- 111
- 11101
- 209
- 20900
- 20911
Signals
Solid equityHealthy social debts
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Financials
Trend over 14 financial years
| 2025 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||
| Gross margin | 781,8 k € | +56.9% | 498,2 k € | -29.8% | 709,9 k € | +483% | 121,8 k € | -22.3% | 156,8 k € | -19.2% | 194 k € | – | – | – | – | – | – | – | – | ||||||||
| EBITDA | -245 k € | -400% | 81,6 k € | -16.6% | 97,8 k € | +135% | -282,3 k € | -444% | -51,9 k € | -143% | 121 k € | +736% | 14,5 k € | -90.4% | 150,4 k € | +36.4% | 110,3 k € | +10.1% | 100,2 k € | +69.1% | 59,2 k € | -63.1% | 160,5 k € | +276% | -91 k € | -129% | 309,4 k € |
| Operating result | -624 k € | -58.7% | -393,1 k € | -116% | -181,6 k € | +77.7% | -814,7 k € | -342% | -184,5 k € | -2360% | 8,2 k € | +109% | -94 k € | -1327% | -6,6 k € | +90.1% | -66,6 k € | -17.3% | -56,8 k € | +41.8% | -97,6 k € | -71.2% | -57 k € | +82.5% | -325,8 k € | -2016% | -15,4 k € |
| Net result | -727,2 k € | -53.2% | -474,7 k € | -118% | -217,7 k € | +66.1% | -642,2 k € | -3645% | 18,1 k € | +26.1% | 14,4 k € | +117% | -86,7 k € | -331% | 37,5 k € | +382% | -13,3 k € | +85.4% | -91,2 k € | -212% | 81,4 k € | +300% | 20,3 k € | +105% | -395,1 k € | -338% | 166,1 k € |
| Balance sheet | |||||||||||||||||||||||||||
| Equity | 2,6 M € | -21.6% | 3,4 M € | -12.4% | 3,8 M € | +2.9% | 3,7 M € | -20.4% | 4,7 M € | +0.4% | 4,7 M € | +0.3% | 4,6 M € | -3.1% | 4,8 M € | +0.8% | 4,8 M € | -0.3% | 4,8 M € | -1.9% | 4,9 M € | +1.7% | 4,8 M € | +0.4% | 4,8 M € | -7.7% | 5,2 M € |
| Total assets | 6,6 M € | -14.9% | 7,8 M € | +0.4% | 7,8 M € | -0.1% | 7,8 M € | -2.3% | 8 M € | +9.2% | 7,3 M € | -11.1% | 8,2 M € | +13.3% | 7,2 M € | +2.6% | 7,1 M € | -8.4% | 7,7 M € | +3.0% | 7,5 M € | +4.3% | 7,2 M € | -7.8% | 7,8 M € | -14.5% | 9,1 M € |
| Cash | 29,2 k € | +74.9% | 16,7 k € | -33.7% | 25,2 k € | -33.1% | 37,6 k € | – | 6,9 k € | +137% | 2,9 k € | -94.0% | 48,2 k € | +418% | 9,3 k € | -85.3% | 63,3 k € | +551% | 9,7 k € | -74.7% | 38,5 k € | +7.6% | 35,8 k € | +535% | 5,6 k € | ||
| Debts | 4 M € | -9.8% | 4,4 M € | +12.8% | 3,9 M € | -3.1% | 4,1 M € | +29.2% | 3,1 M € | +26.6% | 2,5 M € | -27.3% | 3,4 M € | +48.5% | 2,3 M € | +7.0% | 2,1 M € | -22.0% | 2,8 M € | +15.5% | 2,4 M € | +12.8% | 2,1 M € | -13.0% | 2,4 M € | -27.7% | 3,4 M € |
| Other | |||||||||||||||||||||||||||
| Workforce | 2,0 ETP | 0.0% | 2,0 ETP | -23.1% | 2,6 ETP | -52.7% | 5,5 ETP | +44.7% | 3,8 ETP | – | – | – | – | – | – | – | 0,7 ETP | -89.1% | 6,4 ETP | ||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 18 ended
Active mandates
Francky Havegeer
ActiveMario Havegeer
ActiveEnded mandates
Francky Havegeer
EndedKurt Havegeer
EndedMario Havegeer
EndedFrancky Havegeer
EndedFinancials
Annual accounts
Full financial information
| 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 | 01/10/2024 | 01/10/2023 | 01/10/2022 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 30/09/2025 | 30/09/2024 | 30/09/2023 | 30/09/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/04/2026 | 04/07/2025 | 14/05/2024 | 28/04/2023 | 24/03/2022 | 16/04/2021 |
| General meeting | 02/03/2026 | 16/05/2025 | 04/03/2024 | 06/03/2023 | 07/03/2022 | 01/03/2021 |
| 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 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/09/2025 | 02/03/2026 | 30/04/2026 | French | |
| Abridged model | 30/09/2024 | 16/05/2025 | 04/07/2025 | French | |
| Abridged model | 30/09/2023 | 04/03/2024 | 14/05/2024 | French | |
| Abridged model | 30/09/2022 | 06/03/2023 | 28/04/2023 | French | |
| Abridged model | 30/09/2021 | 07/03/2022 | 24/03/2022 | French | |
| Abridged model | 30/09/2020 | 01/03/2021 | 16/04/2021 | French | |
| Abridged model | 30/09/2019 | 02/03/2020 | 21/04/2020 | French | |
| Abridged model | 30/09/2018 | 04/03/2019 | 30/04/2019 | French | |
| Full model | 30/09/2017 | 05/03/2018 | 04/04/2018 | French | |
| Full model | 30/09/2016 | 06/03/2017 | 28/04/2017 | French | |
| Full model | 30/09/2015 | 07/03/2016 | 31/03/2016 | French | |
| Full model | 30/09/2014 | 02/03/2015 | 02/04/2015 | French | |
| Full model | 30/09/2013 | 03/03/2014 | 30/04/2014 | French | |
| Full model | 30/09/2012 | 04/03/2013 | 23/04/2013 | French | |
| Full model | 30/09/2011 | 06/06/2012 | 11/06/2012 | French | |
| Full model | 30/09/2010 | 07/03/2011 | 28/04/2011 | French | |
| Full modelCorrection | 30/09/2009 | 30/04/2010 | 11/05/2010 | French | |
| Full model | 30/09/2009 | 02/01/2010 | 30/04/2010 | French | |
| Full model | 30/09/2008 | 23/03/2009 | 31/03/2009 | French | |
| Full model | 30/06/2007 | 03/12/2007 | 11/04/2008 | French | |
| Full model | 30/06/2006 | 10/01/2007 | 30/01/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 18 ended
Active mandates
Francky Havegeer
ActiveMario Havegeer
ActiveEnded mandates
Francky Havegeer
EndedKurt Havegeer
EndedMario Havegeer
EndedFrancky Havegeer
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/03/2026DEMISSIONS, NOMINATIONS
- Mandates20/08/2025DEMISSIONS, NOMINATIONS
- Other25/01/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates27/12/2018DEMISSIONS, NOMINATIONS
- Mandates14/06/2012DEMISSIONS, NOMINATIONS
- Mandates13/11/2008DEMISSIONS, NOMINATIONS
- Mandates03/11/2008DEMISSIONS, NOMINATIONS
- Other04/07/2008ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-727,2 k €↓
- 2024Annual accounts 2024-474,7 k €↓
- 2023Annual accounts 2023-217,7 k €↑
- 2022Annual accounts 2022-642,2 k €↓
- 2019Annual accounts 201918,1 k €↑
- 2018Annual accounts 201814,4 k €↑
- 2017Annual accounts 2017-86,7 k €↓
- 2015Annual accounts 201537,5 k €↑
- 2014Annual accounts 2014-13,3 k €↑
- 2013Annual accounts 2013-91,2 k €↓
- 2012Annual accounts 201281,4 k €↑
- 2011Annual accounts 201120,3 k €↑
- 2010Annual accounts 2010-395,1 k €↓
- 2009Annual accounts 2009166,1 k €
- 29/06/1984IncorporationPublic limited company