ACTIVE

Société pour l'Hydraulique, l'Environnement et la Réhabilitation

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Financial year 2025 · Closed on 31/12/2025

Net result610,1 k €-0,4 %over 1 year

Gross margin3 M €+2,9 %over 1 year

Equity791,6 k €+4,6 %over 1 year

Workforce17,8 ETP-8,7 %over 1 year

Identity

Source · BCE/KBO

Société pour l'Hydraulique, l'Environnement et la Réhabilitation is a Public limited company incorporated in 1985. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Namur. It employs on average 17,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0427.749.115
Incorporation: 06/09/1985
Legal form: Public limited company
Registered office: Rue Jean Matagne(VD) 15
5020 Namur · WallonieSee on map
Contributed capital: 400 000,00 €
Latest accounts: 31/12/2025
Average workforce: 17,8 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 41003Construction of buildings 41203Construction of residential and non-residential buildings 45213Maintenance and repair of motor vehicles

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3 M €	+2.9%	2,9 M €	-3.2%	3 M €	+10.5%	2,7 M €	+71.5%	1,6 M €
EBITDA	962,4 k €	+15.7%	832,1 k €	-1.5%	845 k €	+30.4%	647,8 k €	+89.2%	342,3 k €
Operating result	924,9 k €	+13.6%	814,3 k €	+12.1%	726,6 k €	+21.5%	598 k €	+97.5%	302,7 k €
Net result	610,1 k €	-0.4%	612,7 k €	+25.5%	488,1 k €	-32.4%	721,8 k €	+235%	215,5 k €
Balance sheet
Equity	791,6 k €	+4.6%	756,7 k €	-23.8%	992,9 k €	-17.6%	1,2 M €	+28.4%	937,9 k €
Total assets	5,8 M €	-4.1%	6 M €	+4.4%	5,8 M €	+20.6%	4,8 M €	+84.6%	2,6 M €
Cash	495 k €	-78.2%	2,3 M €	+45.1%	1,6 M €	+41.4%	1,1 M €	+158%	429,4 k €
Debts	4,9 M €	-5.3%	5,2 M €	+10.8%	4,7 M €	+30.6%	3,6 M €	+115%	1,7 M €
Other
Workforce	17,8 ETP	-8.7%	19,5 ETP	-14.8%	22,9 ETP	+0.9%	22,7 ETP	+57.6%	14,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thierry LASSALLE	Director22/04/2026 → 22/04/2029
Armelle VALENTIN	Director15/05/2024 → 18/05/2027
Bruno DETIENNE	Director24/05/2005 → 22/04/2026Mandateended
Sebastien PAILHES	Managing director27/04/2022 → 07/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hovsep DER KEVORKIAN	Director21/04/2020 → 15/05/2024
Dominique COMBE	Director21/04/2020 → 28/04/2021
Marc GIROUSSENS	Managing director21/04/2020 → 21/04/2023

Other companies at this address

Rue Jean Matagne(VD) 15 5020 Namur

Company	CBE no.
RAVEL IMMO● Active	0554.734.090

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	27/04/2026	15/05/2025	27/05/2024	15/06/2023	26/07/2022	22/06/2021
General meeting	22/04/2026	07/05/2025	15/05/2024	19/04/2023	27/04/2022	28/04/2021
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	22/04/2026	27/04/2026	French	PDF
Abridged model	31/12/2024	07/05/2025	15/05/2025	French	PDF
Abridged model	31/12/2023	15/05/2024	27/05/2024	French	PDF
Abridged model	31/12/2022	19/04/2023	15/06/2023	French	PDF
Abridged model	31/12/2021	27/04/2022	26/07/2022	French	PDF
Abridged model	31/12/2020	28/04/2021	22/06/2021	French	PDF
Abridged model	31/12/2019	21/04/2020	04/08/2020	French	PDF
Abridged model	31/12/2018	24/04/2019	06/06/2019	French	PDF
Abridged model	31/12/2017	14/05/2018	01/06/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	08/06/2017	French	PDF
Full model	31/12/2015	24/05/2016	31/05/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	16/06/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	22/05/2012	27/07/2012	French	PDF
Abridged model	31/12/2010	17/05/2011	27/05/2011	French	PDF
Abridged model	31/12/2009	18/05/2010	19/05/2010	French	PDF
Abridged model	31/12/2008	19/05/2009	05/06/2009	French	PDF
Abridged model	31/12/2007	20/05/2008	12/06/2008	French	PDF
Abridged model	31/12/2006	15/05/2007	29/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Thierry LASSALLE	Director22/04/2026 → 22/04/2029
Armelle VALENTIN	Director15/05/2024 → 18/05/2027
Bruno DETIENNE	Director24/05/2005 → 22/04/2026Mandateended
Sebastien PAILHES	Managing director27/04/2022 → 07/05/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hovsep DER KEVORKIAN	Director21/04/2020 → 15/05/2024
Dominique COMBE	Director21/04/2020 → 28/04/2021
Marc GIROUSSENS	Managing director21/04/2020 → 21/04/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/08/2026
Nomination et démission d'administrateur - Mandat de commissaire
PDF
Mandates05/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates13/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates09/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2022
DEMISSIONS, NOMINATIONS
PDF
Restructuring21/01/2022
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring22/11/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates02/07/2020
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

Thierry LASSALLE

Armelle VALENTIN

Bruno DETIENNE

Sebastien PAILHES

Hovsep DER KEVORKIAN

Dominique COMBE

Marc GIROUSSENS

PAUL GATIN

PASCAL TORDEUR

Xavier GIL

CLAUDE GUILBAUD

Mathieu CHEVEREAU

and 1 more mandate

198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

SHERSociété pour l'Hydraulique, l'Environnement et la Réhabilitation

Rue Jean Matagne(VD) 15, 5020 Champion

Director

Managing director

Director

Managing director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Jean Matagne(VD) 15, 5020 ChampionCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00091137

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Société pour l'Hydraulique, l'Environnement et la RéhabilitationCurrent		CBE
SHER	accounts 2023 → 2025	Accounts 2025 · 2026-00091137
Société pour l'Hydraulique, l'Environnement et la Réhabilitation	accounts 2021 → 2022	Accounts 2022 · 2023-00144394

Events

2025
Annual accounts 2025610,1 k €↓
2024
Annual accounts 2024612,7 k €↑
2023
Annual accounts 2023488,1 k €↓
2023
Name changeSHER
2022
Annual accounts 2022721,8 k €↑
2021
Annual accounts 2021215,5 k €↑
2020
Annual accounts 202059,6 k €↑
2019
Annual accounts 2019-134,7 k €↓
2018
Annual accounts 2018297,1 k €↓
2017
Annual accounts 2017304,8 k €↓
2016
Annual accounts 2016586,4 k €↑
2015
Annual accounts 2015-109,7 k €↑
2014
Annual accounts 2014-172,9 k €↓
2013
Annual accounts 2013128,2 k €↓
2012
Annual accounts 2012237,1 k €↑
2011
Annual accounts 201156,6 k €↓
2010
Annual accounts 201080,7 k €↓
2009
Annual accounts 2009104,4 k €↑
2008
Annual accounts 2008101 k €↑
2007
Annual accounts 200768,3 k €↓
2006
Annual accounts 2006125,7 k €
06/09/1985
IncorporationPublic limited company

Société pour l'Hydraulique, l'Environnement et la Réhabilitation

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