ACTIVE

HEGROLA

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Financial year 2025 · Closed on 31/12/2025

Net result272,2 k €-14,6 %over 1 year

Revenue12 M €-14,9 %over 1 year

Equity5,5 M €+4,9 %over 1 year

Workforce38,5 ETP-1,8 %over 1 year

Identity

Source · BCE/KBO

HEGROLA is a Public limited company incorporated in 1990. Its main activity is: Construction of roads and motorways. Its registered office is in Westerlo. It employs on average 38,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.306.151
Incorporation: 29/08/1990
Legal form: Public limited company
Registered office: Industrieweg 84
2260 Westerlo · FlandreSee on map
Contributed capital: 660 000,00 €
Latest accounts: 31/12/2025
Average workforce: 38,5 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 42220Construction of utility projects for electricity and telecommunications 42220Construction of utility projects for electricity and telecommunications 45215Maintenance and repair of motor vehicles 45230Maintenance and repair of motor vehicles+2

Joint committees (5)

124
1240
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	12 M €	-14.9%	14,1 M €	+28.2%	11 M €	-16.9%	13,2 M €	+24.1%	10,7 M €
EBITDA	1,1 M €	-28.7%	1,6 M €	+77.7%	907,1 k €	-30.1%	1,3 M €	+19.2%	1,1 M €
Operating result	370,4 k €	-24.9%	492,9 k €	+859%	-65 k €	-116%	418,5 k €	+165%	157,8 k €
Net result	272,2 k €	-14.6%	318,9 k €	+436%	-94,8 k €	-130%	320,2 k €	+141%	132,7 k €
Balance sheet
Equity	5,5 M €	+4.9%	5,2 M €	+3.2%	5,1 M €	-1.9%	5,2 M €	+4.7%	4,9 M €
Total assets	10,3 M €	-5.2%	10,9 M €	+28.5%	8,5 M €	-19.5%	10,5 M €	+1.9%	10,3 M €
Cash	511,5 k €	-68.8%	1,6 M €	+282%	429,3 k €	-58.2%	1 M €	+0.7%	1 M €
Debts	4,2 M €	-17.1%	5 M €	+58.0%	3,2 M €	-36.5%	5 M €	-0.4%	5 M €
Other
Workforce	38,5 ETP	-1.8%	39,2 ETP	-3.2%	40,5 ETP	-2.2%	41,4 ETP	+1.2%	40,9 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

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isabel Aerts	Directorsince 17/11/2017Mandate2023 accountsended
Koen Laeremans	Directorsince 01/06/2019Managing director20/05/2005 → 2020 accountsendedMandate2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Westrent BVBA0863.318.707Represented by Koen Laeremans	Director17/11/2017 → 2019 accounts
ZAREKO0451.946.160Represented by Koen Laeremans	Director01/09/2015 → 2019 accounts
Jean Jansen	Director29/06/2012 → 17/11/2017

Other companies at this address

Industrieweg 84 2260 Westerlo

Company	CBE no.
ZAREKO● Active	0451.946.160

Full financial information

Source · NBB

	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	10/08/2026	22/07/2025	12/08/2024	07/07/2023	17/08/2022	06/08/2021
General meeting	07/08/2026	17/07/2025	09/08/2024	22/06/2023	15/07/2022	23/07/2021
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
Full model	31/12/2025	07/08/2026	10/08/2026	Dutch	PDF
Full model	31/12/2024	17/07/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	09/08/2024	12/08/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	15/07/2022	17/08/2022	Dutch	PDF
Full model	31/12/2020	23/07/2021	06/08/2021	Dutch	PDF
Full model	31/12/2019	07/08/2020	11/08/2020	Dutch	PDF
Full model	31/12/2018	29/08/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	08/08/2018	27/08/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	17/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	25/08/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	07/08/2015	Dutch	PDF
Full model	31/12/2013	01/08/2014	11/08/2014	Dutch	PDF
Full model	31/12/2012	22/06/2013	22/08/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	27/08/2012	Dutch	PDF
Full model	31/12/2010	22/06/2011	03/08/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	01/06/2009	06/08/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	01/06/2007	20/07/2007	Dutch	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

2 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Isabel Aerts	Directorsince 17/11/2017Mandate2023 accountsended
Koen Laeremans	Directorsince 01/06/2019Managing director20/05/2005 → 2020 accountsendedMandate2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Westrent BVBA0863.318.707Represented by Koen Laeremans	Director17/11/2017 → 2019 accounts
ZAREKO0451.946.160Represented by Koen Laeremans	Director01/09/2015 → 2019 accounts
Jean Jansen	Director29/06/2012 → 17/11/2017

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Restructuring19/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/06/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring10/06/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2012
ONTSLAGEN - BENOEMINGEN
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

Isabel Aerts

Koen Laeremans

Westrent BVBA

ZAREKO

Jean Jansen

Josephus Laeremans

Christiana Van Uytsel

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

HEGROLA

Industrieweg 84, 2260 Westerlo

Director

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrieweg 84, 2260 WesterloCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00391804

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HEGROLACurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00391804

Events

2025
Annual accounts 2025272,2 k €↓
2024
Annual accounts 2024318,9 k €↑
2023
Annual accounts 2023-94,8 k €↓
2022
Annual accounts 2022320,2 k €↑
2021
Annual accounts 2021132,7 k €↑
2020
Annual accounts 202026,4 k €↓
2019
Annual accounts 2019234,2 k €↓
2018
Annual accounts 2018864,9 k €↑
2017
Annual accounts 2017565,7 k €↑
2016
Annual accounts 2016222 k €↑
2015
Annual accounts 2015-203,5 k €↑
2014
Annual accounts 2014-732,1 k €↓
2013
Annual accounts 201366 k €↓
2012
Annual accounts 2012176,6 k €↓
2011
Annual accounts 2011571,9 k €↑
2010
Annual accounts 2010132 k €↑
2009
Annual accounts 2009-686 k €↓
2008
Annual accounts 2008985,2 k €↑
2007
Annual accounts 200725,5 k €↓
2006
Annual accounts 200666,3 k €
29/08/1990
IncorporationPublic limited company

HEGROLA

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