ACTIVE

HAPRO

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-50.3% YoY

Revenue

97,5 M €

-2.1% YoY

Equity

4,5 M €

+31.4% YoY

Workforce

0,9 ETP

+200.0% YoY

What does HAPRO do?

HAPRO is a Public limited company incorporated in 1989. Its registered office is in Wingene. It employs on average 0,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.192.469

Incorporation

04/01/1989

Legal form

Public limited company

Registered office

Hillesteenweg 54
8750 Wingene · FlandreSee on map

Contributed capital

2 425 000,00 €

Latest accounts

31/12/2025

Average workforce

0,9 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	97,5 M €	-2.1%	99,6 M €	-1.6%	101,1 M €	+16.7%	86,7 M €	+16.5%	74,4 M €	-2.4%	76,3 M €	-8.5%	83,3 M €	+22.8%	67,9 M €	-2.1%	69,3 M €	+18.1%	58,7 M €	+4.3%	56,3 M €	-5.7%	59,7 M €	-4.8%	62,7 M €	+0.9%	62,2 M €	+16.6%	53,3 M €	+1.7%	52,4 M €	+7.3%	48,8 M €	-6.0%	52 M €	+21.8%	42,6 M €	+29.5%	32,9 M €
EBITDA	1 M €	-53.0%	2,2 M €	+76.0%	1,2 M €	+268%	336,9 k €	+108%	-4,4 M €	-709%	-538,5 k €	-119%	2,8 M €	+457%	-773,9 k €	-124%	3,2 M €	+68.0%	1,9 M €	+1434%	123,3 k €	+138%	-323,6 k €	+41.0%	-548,6 k €	-146%	1,2 M €	+180%	-1,5 M €	-116%	-692,7 k €	-218%	588,3 k €	+802%	65,3 k €	-61.9%	171,3 k €	-23.5%	223,8 k €
Operating result	1 M €	-53.0%	2,2 M €	+77.7%	1,2 M €	+292%	310 k €	+107%	-4,4 M €	-677%	-564 k €	-121%	2,7 M €	+445%	-795,5 k €	-125%	3,2 M €	+71.8%	1,9 M €	+1527%	115,3 k €	+134%	-337,3 k €	+40.4%	-566 k €	-148%	1,2 M €	+164%	-1,8 M €	-124%	-815,7 k €	-1202%	74 k €	+124%	-308,8 k €	-125%	-137,1 k €	-163%	216,2 k €
Net result	1,1 M €	-50.3%	2,2 M €	+87.0%	1,2 M €	+307%	282,7 k €	+106%	-4,4 M €	-588%	-635,3 k €	-123%	2,7 M €	+448%	-787,8 k €	-124%	3,2 M €	+71.8%	1,9 M €	+981%	174 k €	+155%	-314,7 k €	+41.4%	-537,2 k €	-146%	1,2 M €	+164%	-1,8 M €	-188%	2,1 M €	+726%	-331,1 k €	+31.1%	-480,4 k €	-43.7%	-334,4 k €	-263%	205 k €
Balance sheet
Equity	4,5 M €	+31.4%	3,4 M €	+98.3%	1,7 M €	+203%	565,6 k €	+99.9%	282,9 k €	-93.9%	4,7 M €	-12.0%	5,3 M €	+55.9%	3,4 M €	-18.8%	4,2 M €	+5.9%	3,9 M €	+91.0%	2,1 M €	+9.2%	1,9 M €	-14.2%	2,2 M €	-19.6%	2,7 M €	+74.2%	1,6 M €	-53.6%	3,4 M €	+157%	1,3 M €	-13.5%	1,5 M €	-23.9%	2 M €	-14.3%	2,3 M €
Total assets	5,8 M €	+27.8%	4,5 M €	+19.4%	3,8 M €	+12.2%	3,4 M €	+0.8%	3,4 M €	-39.8%	5,6 M €	-23.7%	7,3 M €	+70.1%	4,3 M €	-44.5%	7,7 M €	+56.0%	5 M €	+84.2%	2,7 M €	-9.6%	3 M €	-1.8%	3 M €	-11.1%	3,4 M €	+52.8%	2,2 M €	-47.7%	4,3 M €	-44.3%	7,7 M €	-35.1%	11,8 M €	+48.0%	8 M €	+125%	3,5 M €
Debts	1,3 M €	+16.7%	1,1 M €	-45.8%	2,1 M €	-26.3%	2,8 M €	-8.4%	3,1 M €	+236%	914,6 k €	-54.4%	2 M €	+124%	896,1 k €	-74.8%	3,6 M €	+252%	1 M €	+61.6%	624,3 k €	-42.4%	1,1 M €	+31.7%	823 k €	+23.6%	665,8 k €	+1.4%	656,7 k €	-24.7%	872,3 k €	-86.2%	6,3 M €	-38.7%	10,3 M €	+72.2%	6 M €	+399%	1,2 M €
Other
Workforce	0,9 ETP	+200%	0,3 ETP	-95.9%	7,4 ETP	0.0%	7,4 ETP	-7.5%	8,0 ETP	+21.2%	6,6 ETP	+20.0%	5,5 ETP	-3.5%	5,7 ETP	+35.7%	4,2 ETP	-32.3%	6,2 ETP	0.0%	6,2 ETP	-13.9%	7,2 ETP	-13.3%	8,3 ETP	+22.1%	6,8 ETP	+1.5%	6,7 ETP	+48.9%	4,5 ETP	+2.3%	4,4 ETP	-18.5%	5,4 ETP	-31.6%	7,9 ETP	+8.2%	7,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 64 ended

Active mandates

HAPROCO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0427.403.774

Represented by Merijn Haeck

Active

WIHACO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 1017.319.568

Represented by Wim Haeck

Active

Ended mandates

COTACK BV

Managing director · since 29 novembre 2019 · until 01 avril 2020 · 0832.874.464

Represented by Kris Van Compernolle

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 19 juin 2025 · 0427.403.774

Represented by Merijn Haeck

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 27 juin 2025 · 0427.403.774

Represented by Merijn Haeck

Ended

VACHRICO

Managing director · since 29 novembre 2019 · until 19 juin 2025 · 0475.532.503

Represented by Wim Haeck

Ended

At this address

Other companies at this address

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BioVar.be● Active	0873.795.301
HAECK FINANCE COMPANY● Active	0441.990.002
HAECK INVESTMENT BELGIE● Active	0412.087.969
HAECK VARKENS● Active	0456.989.368
HAPROCO● Active	0427.403.774
HAPRO-PigFarm● Active	0430.357.524
HATRACO● Active	0873.004.453
JAVALOT● Active	0474.381.567
Nieuwburgh● Active	0419.595.373
OPSLAG BEDRIJF IZEGEM● Active	0865.796.066
Suslino● Active	0759.751.015

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	24/07/2026	02/10/2025	19/07/2024	18/07/2023	15/07/2022	24/06/2021
General meeting	26/06/2026	27/06/2025	21/06/2024	23/06/2023	24/06/2022	18/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/06/2026	24/07/2026	Dutch	PDF
Full modelCorrection	31/12/2024	27/06/2025	02/10/2025	Dutch	PDF
Full model	31/12/2024	27/06/2025	23/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	19/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	18/07/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	15/07/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	24/06/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	24/06/2019	Dutch	PDF
Full model	31/12/2017	18/05/2018	13/06/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	12/06/2017	Dutch	PDF
Full model	31/12/2015	13/05/2016	18/05/2016	Dutch	PDF
Full model	31/12/2014	08/05/2015	11/05/2015	Dutch	PDF
Full model	31/12/2013	09/05/2014	12/05/2014	Dutch	PDF
Full model	31/12/2012	10/05/2013	29/07/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	11/06/2012	Dutch	PDF
Full model	31/12/2010	15/04/2011	13/05/2011	Dutch	PDF
Full model	31/12/2009	09/04/2010	06/05/2010	Dutch	PDF
Full model	31/12/2008	03/04/2009	29/04/2009	Dutch	PDF
Full model	31/12/2007	17/03/2008	16/04/2008	Dutch	PDF
Full model	31/12/2006	29/03/2007	26/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 64 ended

Active mandates

HAPROCO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0427.403.774

Represented by Merijn Haeck

Active

WIHACO

Managing director · since 27 juin 2025 · until 27 juin 2031 · 1017.319.568

Represented by Wim Haeck

Active

Ended mandates

COTACK BV

Managing director · since 29 novembre 2019 · until 01 avril 2020 · 0832.874.464

Represented by Kris Van Compernolle

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 19 juin 2025 · 0427.403.774

Represented by Merijn Haeck

Ended

HAPROCO

Managing director · since 29 novembre 2019 · until 27 juin 2025 · 0427.403.774

Represented by Merijn Haeck

Ended

VACHRICO

Managing director · since 29 novembre 2019 · until 19 juin 2025 · 0475.532.503

Represented by Wim Haeck

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other10/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL
PDF
Mandates27/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2017
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 20251,1 M €↓
2024
Annual accounts 20242,2 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022282,7 k €↑
2021
Annual accounts 2021-4,4 M €↓
2020
Annual accounts 2020-635,3 k €↓
2019
Annual accounts 20192,7 M €↑
2018
Annual accounts 2018-787,8 k €↓
2017
Annual accounts 20173,2 M €↑
2016
Annual accounts 20161,9 M €↑
2015
Annual accounts 2015174 k €↑
2014
Annual accounts 2014-314,7 k €↑
2013
Annual accounts 2013-537,2 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011-1,8 M €↓
2010
Annual accounts 20102,1 M €↑
2009
Annual accounts 2009-331,1 k €↑
2008
Annual accounts 2008-480,4 k €↓
2007
Annual accounts 2007-334,4 k €↓
2006
Annual accounts 2006205 k €
04/01/1989
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

HAPRO

Overview

What does HAPRO do?

Trend over 20 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