ACTIVE

HYFOCOM

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Financial year 2025 · closed on 31/12/2025

Net result

69 k €

-14.7% YoY

Gross margin

203,5 k €

-3.1% YoY

Equity

849,5 k €

+8.8% YoY

What does HYFOCOM do?

HYFOCOM is a Private limited company incorporated in 1988. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Kapelle-op-den-Bos.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.559.415

Incorporation

23/02/1988

Legal form

Private limited company

Registered office

Oudemanstraat 14
1880 Kapelle-op-den-Bos · FlandreSee on map

Contributed capital

265 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

25401Manufacture of weapons and ammunition· main 25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy 28401Manufacture of metal forming machinery and machine tools

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	203,5 k €	-3.1%	210,1 k €	-25.1%	280,4 k €	+23.5%	227 k €	+81.1%	125,3 k €	+20.1%	104,4 k €	-6.8%	112 k €	+23.1%	91 k €	+19.3%	76,2 k €	+6.4%	71,7 k €	+307%	17,6 k €	-0.0%	17,6 k €	+3.5%	17 k €	-37.5%	27,2 k €	+25.4%	21,7 k €
EBITDA	182,8 k €	-3.8%	190,1 k €	-32.0%	279,4 k €	+31.2%	213 k €	+81.7%	117,2 k €	+44.9%	80,9 k €	-22.1%	103,9 k €	+17.4%	88,5 k €	+20.5%	73,4 k €	+7.1%	68,6 k €	+336%	15,7 k €	+0.3%	15,7 k €	+3.4%	15,2 k €	-38.2%	24,5 k €	+18.8%	20,7 k €
Operating result	115,9 k €	-6.1%	123,5 k €	-26.7%	168,5 k €	+252%	47,9 k €	-40.7%	80,7 k €	+121%	36,6 k €	-39.9%	60,9 k €	+27.0%	47,9 k €	+52.6%	31,4 k €	-18.4%	38,5 k €	+482%	6,6 k €	-38.6%	10,8 k €	+3.4%	10,4 k €	-48.5%	20,2 k €	+26.3%	16 k €
Net result	69 k €	-14.7%	80,9 k €	-23.9%	106,3 k €	+367%	22,8 k €	-48.3%	44,1 k €	+138%	18,5 k €	-58.0%	44,1 k €	+69.2%	26 k €	+207%	8,5 k €	+31.2%	6,5 k €	+61.0%	4 k €	-45.8%	7,4 k €	+59.1%	4,7 k €	-67.8%	14,4 k €	+67.0%	8,7 k €
Balance sheet
Equity	849,5 k €	+8.8%	780,4 k €	+11.6%	699,5 k €	+17.9%	593,3 k €	+4.0%	570,5 k €	+68.3%	339 k €	+1.1%	335,4 k €	+1.2%	331,4 k €	+3.5%	320,2 k €	+16.5%	274,8 k €	+2.4%	268,4 k €	+1.5%	264,3 k €	+2.9%	256,9 k €	+1.8%	252,3 k €	+5.6%	239 k €
Total assets	2,1 M €	-2.4%	2,1 M €	-1.1%	2,2 M €	-4.2%	2,3 M €	+149%	906,1 k €	-1.8%	923 k €	-4.0%	961,5 k €	+0.7%	954,7 k €	-2.2%	976,3 k €	+29.8%	752,1 k €	+117%	346,9 k €	+6.9%	324,5 k €	-1.7%	330,1 k €	-1.5%	335,1 k €	-6.7%	359,3 k €
Cash	145,7 k €	+13.8%	128 k €	+37.4%	93,2 k €	+12.6%	82,8 k €	-47.3%	157,2 k €	+709%	19,4 k €	+377%	4,1 k €	-42.4%	7,1 k €	-64.0%	19,6 k €	+204%	6,4 k €	+296%	1,6 k €	+13.4%	1,4 k €	-80.1%	7,2 k €	-19.0%	8,9 k €		–
Debts	1,2 M €	-8.8%	1,4 M €	-7.2%	1,5 M €	-12.0%	1,7 M €	+395%	335,7 k €	-41.5%	573,9 k €	-8.3%	626,1 k €	+0.8%	620,9 k €	-4.8%	652,1 k €	+36.6%	477,2 k €	+508%	78,5 k €	+30.6%	60,2 k €	-17.7%	73,1 k €	-11.7%	82,8 k €	-31.2%	120,3 k €

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 · 1 active · 8 ended

Active mandates

Marc Indigne

Bestuurder · since 03 décembre 1988

Active

Ended mandates

Marc INDIGNE

Manager · since 07 février 2003

Ended

Marc Indigne

Bestuurder · since 07 janvier 2003

Ended

Marc Indigne

Director · since 07 janvier 2003

Ended

Marc Indigne

Manager · since 07 janvier 2003

Ended

At this address

Other companies at this address

Company	CBE no.
AQUA CONTINUUM● Active	1040.230.176
HYDROKO● Active	0425.052.218

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	30/06/2026	28/08/2025	04/07/2024	19/07/2023	31/08/2022	09/08/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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	01/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	09/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/09/2020	18/09/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	29/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	14/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	29/08/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	16/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	21/06/2007	Dutch	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 · 1 active · 8 ended

Active mandates

Marc Indigne

Bestuurder · since 03 décembre 1988

Active

Ended mandates

Marc INDIGNE

Manager · since 07 février 2003

Ended

Marc Indigne

Bestuurder · since 07 janvier 2003

Ended

Marc Indigne

Director · since 07 janvier 2003

Ended

Marc Indigne

Manager · since 07 janvier 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/04/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/02/2014
KAPITAAL - AANDELEN
PDF
Mandates17/02/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN
PDF
Mandates14/01/2003
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 202569 k €↓
2024
Annual accounts 202480,9 k €↓
2023
Annual accounts 2023106,3 k €↑
2022
Annual accounts 202222,8 k €↓
2021
Annual accounts 202144,1 k €↑
2015
Annual accounts 201518,5 k €↓
2014
Annual accounts 201444,1 k €↑
2013
Annual accounts 201326 k €↑
2012
Annual accounts 20128,5 k €↑
2011
Annual accounts 20116,5 k €↑
2010
Annual accounts 20104 k €↓
2009
Annual accounts 20097,4 k €↑
2008
Annual accounts 20084,7 k €↓
2007
Annual accounts 200714,4 k €↑
2006
Annual accounts 20068,7 k €
23/02/1988
IncorporationPrivate 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

HYFOCOM

Overview

What does HYFOCOM do?

Trend over 15 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