ACTIVE

DE HAGEL

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Financial year 2025 · closed on 31/12/2025

Net result

222,2 k €

+3.6% YoY

Gross margin

521,1 k €

+6.7% YoY

Equity

6,8 M €

+3.4% YoY

What does DE HAGEL do?

DE HAGEL is a Public limited company incorporated in 1990. Its registered office is in Meerhout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.852.825

Incorporation

15/05/1990

Legal form

Public limited company

Registered office

Alvinnenberg 96
2450 Meerhout · FlandreSee on map

Contributed capital

3 170 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	521,1 k €	+6.7%	488,4 k €	-11.2%	549,9 k €	-4.1%	573,6 k €	-14.7%	672,7 k €	+3.5%	650 k €	-35.2%	1 M €	+63.3%	614,5 k €	-4.2%	641,2 k €	+0.1%	640,8 k €	+94.2%	330 k €	-69.3%	1,1 M €	+1213%	-96,4 k €	-125%	-42,8 k €	-151%	83,1 k €	+36.2%	61 k €	-21.2%	77,4 k €	-14.9%	90,9 k €	-8.7%	99,7 k €	+58.3%	63 k €
EBITDA	458,9 k €	+7.8%	425,8 k €	-13.8%	494,1 k €	-5.1%	520,7 k €	-16.1%	620,9 k €	+3.2%	601,5 k €	-38.8%	982,5 k €	+64.9%	595,6 k €	-4.1%	621,3 k €	-0.4%	624 k €	+100%	311,9 k €	-70.6%	1,1 M €	+1032%	-113,9 k €	-132%	-49,1 k €	-165%	75 k €	+40.9%	53,3 k €	-26.2%	72,2 k €	-17.1%	87 k €	-8.4%	95 k €	+58.8%	59,8 k €
Operating result	295,5 k €	+12.6%	262,5 k €	-20.6%	330,8 k €	-7.4%	357,4 k €	-19.1%	441,5 k €	+4.6%	422,1 k €	-47.4%	803,2 k €	+85.7%	432,4 k €	-4.7%	453,8 k €	-1.0%	458,5 k €	+208%	149,1 k €	-83.5%	901 k €	+494%	-228,5 k €	-175%	-83,2 k €	+6.4%	-88,9 k €	-439%	26,2 k €	-40.0%	43,7 k €	-29.1%	61,7 k €	-11.4%	69,6 k €	+830%	7,5 k €
Net result	222,2 k €	+3.6%	214,5 k €	-13.0%	246,5 k €	+3.9%	237,2 k €	-7.5%	256,4 k €	+6.1%	241,8 k €	-50.3%	486,3 k €	+99.4%	243,8 k €	-3.0%	251,3 k €	-16.0%	299,3 k €	+218%	94,1 k €	-87.1%	727,6 k €	+231%	-555,5 k €	-257%	-155,6 k €	-52.8%	-101,8 k €	-559%	22,2 k €	-39.2%	36,5 k €	-47.5%	69,4 k €	-21.0%	87,9 k €	-83.7%	539,3 k €
Balance sheet
Equity	6,8 M €	+3.4%	6,6 M €	+3.4%	6,4 M €	+4.0%	6,1 M €	+4.0%	5,9 M €	+4.5%	5,6 M €	+4.5%	5,4 M €	+9.9%	4,9 M €	+5.2%	4,7 M €	+5.7%	4,4 M €	+7.3%	4,1 M €	+139%	1,7 M €	+72.8%	999,5 k €	-35.7%	1,6 M €	-15.7%	1,8 M €	-5.2%	1,9 M €	+1.2%	1,9 M €	+1.9%	1,9 M €	+3.8%	1,8 M €	+4.3%	1,7 M €
Total assets	11 M €	+1.8%	10,8 M €	+2.1%	10,6 M €	-10.0%	11,8 M €	-7.8%	12,7 M €	+1.1%	12,6 M €	-16.8%	15,1 M €	-3.1%	15,6 M €	-5.1%	16,5 M €	+2.4%	16,1 M €	+70.6%	9,4 M €	+18.4%	8 M €	+48.4%	5,4 M €	+69.3%	3,2 M €	+2.6%	3,1 M €	+43.6%	2,2 M €	+0.6%	2,1 M €	+0.9%	2,1 M €	+2.6%	2,1 M €	+2.8%	2 M €
Cash	1,3 M €	+26.9%	1 M €	+30.3%	769,9 k €	-51.7%	1,6 M €	-21.0%	2 M €	+62.6%	1,2 M €	-55.3%	2,8 M €	+70.2%	1,6 M €	+36.7%	1,2 M €	+48.1%	804,9 k €	+71.4%	469,6 k €	+12.5%	417,6 k €	-57.1%	974,5 k €	+1080%	82,6 k €	+182%	29,3 k €	+15.4%	25,3 k €	-31.2%	36,8 k €	+253%	10,4 k €	-93.9%	171,8 k €	+1926%	8,5 k €
Debts	4 M €	+0.1%	4 M €	-0.1%	4 M €	-27.1%	5,5 M €	-18.0%	6,7 M €	-1.6%	6,8 M €	-29.0%	9,6 M €	-9.4%	10,6 M €	-9.6%	11,8 M €	+1.2%	11,6 M €	+121%	5,3 M €	-15.5%	6,2 M €	+42.9%	4,4 M €	+171%	1,6 M €	+30.4%	1,2 M €	+505%	203,6 k €	-4.4%	213 k €	-7.4%	230 k €	-6.5%	245,9 k €	-7.0%	264,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

Irena Kox

Director · since 28 mars 2024 · until 27 mars 2030

Active

MERRET

Managing director · since 28 mars 2024 · until 27 mars 2030 · 0441.732.654

Represented by Jean-Baptiste Claes

Active

Ended mandates

Irena Kox

Director · since 15 mai 2020 · until 15 mai 2026

Ended

MERRET

Managing director · since 15 mai 2020 · until 15 mai 2026 · 0441.732.654

Represented by Jean-Baptiste Claes

Ended

MERRET

Managing director · since 15 mai 2020 · until 15 mai 2026 · 0441.732.654

Represented by Jean-Baptiste Claes

Ended

Irena Kox

Director · since 15 mai 2014 · until 15 mai 2020

Ended

At this address

Other companies at this address

Company	CBE no.
L INVESTA● Active	0870.510.860
MAATSCHAP JBC● Active	0719.710.801
MERRET● Active	0441.732.654

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	02/06/2026	22/05/2025	22/05/2024	24/05/2023	20/05/2022	26/05/2021
General meeting	15/05/2026	15/05/2025	15/05/2024	15/05/2023	15/05/2022	15/05/2021
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	15/05/2026	02/06/2026	Dutch	PDF
Abridged model	31/12/2024	15/05/2025	22/05/2025	Dutch	PDF
Abridged model	31/12/2023	15/05/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	24/05/2023	Dutch	PDF
Abridged model	31/12/2021	15/05/2022	20/05/2022	Dutch	PDF
Abridged model	31/12/2020	15/05/2021	26/05/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/05/2019	22/05/2019	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	24/05/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	15/05/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	15/05/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	14/05/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	07/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

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 · 21 ended

Active mandates

Irena Kox

Director · since 28 mars 2024 · until 27 mars 2030

Active

MERRET

Managing director · since 28 mars 2024 · until 27 mars 2030 · 0441.732.654

Represented by Jean-Baptiste Claes

Active

Ended mandates

Irena Kox

Director · since 15 mai 2020 · until 15 mai 2026

Ended

MERRET

Managing director · since 15 mai 2020 · until 15 mai 2026 · 0441.732.654

Represented by Jean-Baptiste Claes

Ended

MERRET

Managing director · since 15 mai 2020 · until 15 mai 2026 · 0441.732.654

Represented by Jean-Baptiste Claes

Ended

Irena Kox

Director · since 15 mai 2014 · until 15 mai 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/03/2023
KAPITAAL - AANDELEN
PDF
Mandates15/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/02/2016
KAPITAAL - AANDELEN
PDF
Other26/01/2015
BENAMING
PDF
Mandates23/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/06/2013
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates18/09/2008
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 2025222,2 k €↑
2024
Annual accounts 2024214,5 k €↓
2023
Annual accounts 2023246,5 k €↑
2022
Annual accounts 2022237,2 k €↓
2021
Annual accounts 2021256,4 k €↑
2020
Annual accounts 2020241,8 k €↓
2019
Annual accounts 2019486,3 k €↑
2018
Annual accounts 2018243,8 k €↓
2017
Annual accounts 2017251,3 k €↓
2016
Annual accounts 2016299,3 k €↑
2015
Annual accounts 201594,1 k €↓
2014
Annual accounts 2014727,6 k €↑
2013
Annual accounts 2013-555,5 k €↓
2012
Annual accounts 2012-155,6 k €↓
2011
Annual accounts 2011-101,8 k €↓
2010
Annual accounts 201022,2 k €↓
2009
Annual accounts 200936,5 k €↓
2008
Annual accounts 200869,4 k €↓
2007
Annual accounts 200787,9 k €↓
2006
Annual accounts 2006539,3 k €
15/05/1990
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

DE HAGEL

Overview

What does DE HAGEL 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