ACTIVE

HILGER

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Financial year 2025 · closed on 31/12/2025

Net result

73,4 k €

+87.4% YoY

Gross margin

399,4 k €

+18.3% YoY

Equity

1,9 M €

+3.8% YoY

Workforce

4,0 ETP

0.0% YoY

What does HILGER do?

HILGER is a Public limited company incorporated in 1984. Its main activity is: Construction of buildings. Its registered office is in Amel. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.529.784

Incorporation

26/11/1984

Legal form

Public limited company

Registered office

Born,Rechter Straße 36
4770 Amel · WallonieSee on map

Contributed capital

126 549,65 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 25110Manufacture of metal structures and parts of structures 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines+13

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	399,4 k €	+18.3%	337,6 k €	-10.2%	376 k €	-33.1%	562,4 k €	-13.0%	646,3 k €	-5.8%	686,4 k €	-4.9%	721,8 k €	-8.0%	784,2 k €	+25.6%	624,4 k €	-1.8%	636,1 k €	-1.8%	647,4 k €	+10.1%	587,8 k €	-9.4%	649,2 k €	+9.3%	594 k €	-8.5%	649,3 k €	-7.7%	703,3 k €	+8.1%	650,6 k €	+28.9%	504,5 k €	-32.5%	747,3 k €
EBITDA	188,8 k €	+25.0%	151,1 k €	-13.1%	173,8 k €	-40.2%	290,6 k €	-14.1%	338,4 k €	-1.2%	342,7 k €	-22.2%	440,7 k €	+0.9%	436,7 k €	+111%	206,9 k €	-15.8%	245,8 k €	-11.7%	278,5 k €	+21.0%	230,2 k €	-14.7%	269,7 k €	-6.9%	289,7 k €	-18.7%	356,3 k €	-17.6%	432,3 k €	+24.7%	346,7 k €	+38.8%	249,7 k €	-45.9%	461,2 k €
Operating result	66,8 k €	+144%	27,3 k €	-18.0%	33,3 k €	-58.1%	79,5 k €	-32.0%	116,9 k €	-2.9%	120,4 k €	-40.8%	203,3 k €	+19.2%	170,5 k €	+77.9%	95,9 k €	+48.5%	64,6 k €	-15.0%	75,9 k €	+212%	24,4 k €	-61.7%	63,7 k €	-20.5%	80,1 k €	-40.4%	134,5 k €	-34.5%	205,4 k €	+41.9%	144,8 k €	+93.3%	74,9 k €	-59.9%	186,6 k €
Net result	73,4 k €	+87.4%	39,2 k €	-4.6%	41,1 k €	-35.1%	63,2 k €	-36.8%	100 k €	+4.3%	95,9 k €	-47.9%	183,9 k €	+21.8%	151 k €	+92.6%	78,4 k €	+11.8%	70,1 k €	-20.7%	88,4 k €	+118%	40,6 k €	-39.4%	67,1 k €	-7.5%	72,5 k €	-46.5%	135,5 k €	-21.7%	173,1 k €	+166%	65,2 k €	-17.2%	78,7 k €	-65.5%	228 k €
Balance sheet
Equity	1,9 M €	+3.8%	1,9 M €	+1.9%	1,8 M €	+1.8%	1,8 M €	+3.1%	1,8 M €	+6.5%	1,6 M €	+5.5%	1,6 M €	-25.0%	2,1 M €	+7.2%	1,9 M €	+3.6%	1,9 M €	+4.1%	1,8 M €	+4.3%	1,7 M €	+82.6%	943,8 k €	-44.0%	1,7 M €	+6.1%	1,6 M €	+8.8%	1,5 M €	+12.8%	1,3 M €	+4.7%	1,2 M €	+8.8%	1,1 M €
Total assets	4,5 M €	+17.3%	3,9 M €	+21.4%	3,2 M €	+8.8%	2,9 M €	+3.6%	2,8 M €	-9.7%	3,1 M €	-15.6%	3,7 M €	+15.9%	3,2 M €	+15.6%	2,8 M €	+6.2%	2,6 M €	+2.0%	2,6 M €	+2.2%	2,5 M €	-1.8%	2,5 M €	-9.0%	2,8 M €	+17.2%	2,4 M €	+19.0%	2 M €	-1.1%	2 M €	+0.5%	2 M €	-5.3%	2,1 M €
Cash	76,6 k €	-60.9%	195,9 k €	-16.6%	235 k €	-50.1%	471,2 k €	+44.9%	325,3 k €	-29.3%	460,2 k €	-33.0%	687 k €	+78.4%	385,2 k €	+95.9%	196,6 k €	+42.8%	137,7 k €	-16.0%	163,8 k €	+5.5%	155,2 k €	+113%	72,8 k €	-36.4%	114,4 k €	-10.1%	127,3 k €	+40.5%	90,6 k €	+3.4%	87,6 k €	-26.5%	119,2 k €	+97.4%	60,4 k €
Debts	2,6 M €	+30.0%	2 M €	+48.1%	1,3 M €	+20.0%	1,1 M €	+4.5%	1,1 M €	-27.6%	1,5 M €	-30.9%	2,1 M €	+91.9%	1,1 M €	+35.3%	826,5 k €	+12.8%	732,5 k €	-3.0%	755,2 k €	-2.5%	774,9 k €	-51.6%	1,6 M €	+43.9%	1,1 M €	+39.2%	798,1 k €	+46.3%	545,6 k €	-25.7%	734,1 k €	-6.2%	782,5 k €	-21.1%	992,1 k €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	-4.8%	4,2 ETP	-31.1%	6,1 ETP	-14.1%	7,1 ETP	+12.7%	6,3 ETP	-11.3%	7,1 ETP	-21.1%	9,0 ETP	0.0%	9,0 ETP	+28.6%	7,0 ETP	0.0%	7,0 ETP	-12.5%	8,0 ETP	+14.3%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	-12.5%	8,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Christa HOCKE

Director · since 28 novembre 2025

Active

Thomas GANGOLF

Director · since 28 novembre 2025

Active

Walter HILGER

Managing director · since 28 novembre 2025

Active

Ended mandates

Christa HOCKE

Director · since 17 avril 2019

Ended

Thomas Gangolf

Director · since 17 avril 2019

Ended

Walter Hilger

Managing director · since 17 avril 2019

Ended

Christa HOCKE

Director · since 31 mars 2014

Ended

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	01/01/2025	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	29/07/2026	23/07/2025	11/07/2024	28/07/2023	13/07/2022	15/07/2021
General meeting	12/06/2026	27/06/2025	02/01/2024	30/06/2023	24/06/2022	21/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/06/2026	29/07/2026	German	PDF
Abridged model	31/12/2024	27/06/2025	23/07/2025	German	PDF
Abridged model	31/12/2023	02/01/2024	11/07/2024	German	PDF
Abridged model	31/12/2022	30/06/2023	28/07/2023	German	PDF
Abridged model	31/12/2021	24/06/2022	13/07/2022	German	PDF
Abridged model	31/12/2020	21/06/2021	15/07/2021	German	PDF
Abridged model	31/12/2019	20/05/2020	09/07/2020	German	PDF
Abridged model	31/12/2018	15/05/2019	17/06/2019	German	PDF
Abridged model	31/12/2017	16/05/2018	15/06/2018	German	PDF
Abridged model	31/12/2016	19/04/2017	26/07/2017	German	PDF
Abridged model	31/12/2015	20/04/2016	28/07/2016	German	PDF
Abridged model	31/12/2014	15/04/2015	31/07/2015	German	PDF
Abridged model	31/12/2013	16/04/2014	28/08/2014	German	PDF
Abridged model	31/12/2012	17/04/2013	30/08/2013	German	PDF
Abridged model	31/12/2011	18/04/2012	31/07/2012	German	PDF
Abridged model	31/12/2010	19/04/2011	29/07/2011	German	PDF
Abridged model	31/12/2009	20/04/2010	30/07/2010	German	PDF
Abridged model	31/12/2008	21/04/2009	28/07/2009	German	PDF
Abridged model	31/12/2007	15/04/2008	28/07/2008	German	PDF
Abridged model	31/12/2006	17/04/2007	25/07/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 3 active · 13 ended

Active mandates

Christa HOCKE

Director · since 28 novembre 2025

Active

Thomas GANGOLF

Director · since 28 novembre 2025

Active

Walter HILGER

Managing director · since 28 novembre 2025

Active

Ended mandates

Christa HOCKE

Director · since 17 avril 2019

Ended

Thomas Gangolf

Director · since 17 avril 2019

Ended

Walter Hilger

Managing director · since 17 avril 2019

Ended

Christa HOCKE

Director · since 31 mars 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2025
ENTLASSUNG - ERNENNUNG
PDF
Other27/11/2023
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates16/05/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates13/06/2018
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares22/04/2014
KAPITAL - AKTIEN
PDF
Restructuring09/07/2013
RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW)
PDF
Restructuring04/07/2012
RUBRIK UMBAU (VERSCHMELZUNG, SPALTUNG, UEBERTRAGUNG VERMOEGEN, USW)
PDF
Capital / shares23/01/2012
KAPITAL - AKTIEN
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 202573,4 k €↑
2024
Annual accounts 202439,2 k €↓
2023
Annual accounts 202341,1 k €↓
2022
Annual accounts 202263,2 k €↓
2021
Annual accounts 2021100 k €↑
2020
Annual accounts 202095,9 k €↓
2019
Annual accounts 2019183,9 k €↑
2018
Annual accounts 2018151 k €↑
2017
Annual accounts 201778,4 k €↑
2016
Annual accounts 201670,1 k €↓
2015
Annual accounts 201588,4 k €↑
2014
Annual accounts 201440,6 k €↓
2013
Annual accounts 201367,1 k €↓
2012
Annual accounts 201272,5 k €↓
2011
Annual accounts 2011135,5 k €↓
2010
Annual accounts 2010173,1 k €↑
2009
Annual accounts 200965,2 k €↓
2008
Annual accounts 200878,7 k €↓
2007
Annual accounts 2007228 k €
26/11/1984
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

HILGER

Overview

What does HILGER do?

Trend over 19 financial years

Indicative valuation

Board of directors

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