ACTIVE

HYDRANT REFUELLING SYSTEM

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Financial year 2024 · closed on 31/12/2024

Net result

254,7 k €

-90.1% YoY

Revenue

6,4 M €

-36.0% YoY

Equity

763,5 k €

-78.5% YoY

Workforce

14,8 ETP

+0.7% YoY

What does HYDRANT REFUELLING SYSTEM do?

HYDRANT REFUELLING SYSTEM is a Public limited company incorporated in 1990. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Zaventem. It employs on average 14,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.341.882

Incorporation

27/06/1990

Legal form

Public limited company

Registered office

Ikaroslaan 17
1930 Zaventem · FlandreSee on map

Contributed capital

463 255,00 €

Latest accounts

31/12/2024

Average workforce

14,8 ETP

Activities (NACE)

46710Wholesale of solid, liquid and gaseous fuels and related products· main 46810Wholesale trade, except of motor vehicles and motorcycles 51510Air transport

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	6,4 M €	-36.0%	10 M €	+2.8%	9,7 M €	+30.6%	7,5 M €	+66.1%	4,5 M €	-35.9%	7 M €	-0.2%	7 M €	+4.3%	6,7 M €	+8.2%	6,2 M €	-5.6%	6,6 M €	+5.3%	6,3 M €	+14.1%	5,5 M €	-1.2%	5,6 M €	-3.0%	5,7 M €	+7.0%	5,4 M €	+5.9%	5,1 M €	-14.5%	5,9 M €	+10.0%	5,4 M €	-14.0%	6,2 M €
EBITDA	1,4 M €	-75.0%	5,5 M €	-9.1%	6,1 M €	+58.9%	3,8 M €	+137%	1,6 M €	-56.7%	3,7 M €	-2.6%	3,8 M €	+7.3%	3,6 M €	+1.8%	3,5 M €	-1.0%	3,5 M €	+7.6%	3,3 M €	+28.0%	2,6 M €	-11.1%	2,9 M €	-5.7%	3,1 M €	+11.2%	2,8 M €	+24.1%	2,2 M €	-30.6%	3,2 M €	+3.5%	3,1 M €	+23.8%	2,5 M €
Operating result	403,7 k €	-88.3%	3,4 M €	+5.2%	3,3 M €	+126%	1,4 M €	+308%	-697,7 k €	-142%	1,7 M €	-12.9%	1,9 M €	+3.4%	1,8 M €	-2.5%	1,9 M €	-4.5%	2 M €	+13.0%	1,8 M €	+52.8%	1,1 M €	-24.2%	1,5 M €	-11.6%	1,7 M €	+24.2%	1,4 M €	+62.5%	849 k €	-53.9%	1,8 M €	+7.1%	1,7 M €	+55.7%	1,1 M €
Net result	254,7 k €	-90.1%	2,6 M €	-3.4%	2,7 M €	+182%	945,6 k €	+231%	-719,7 k €	-165%	1,1 M €	-12.2%	1,3 M €	+16.9%	1,1 M €	+2.0%	1,1 M €	-4.3%	1,1 M €	+18.9%	926,7 k €	+91.8%	483,1 k €	-29.7%	686,8 k €	-12.5%	784,7 k €	+63.3%	480,4 k €	+142%	198,4 k €	-75.6%	813,6 k €	+28.0%	635,5 k €	+232%	191,2 k €
Balance sheet
Equity	763,5 k €	-78.5%	3,6 M €	-0.4%	3,6 M €	+87.2%	1,9 M €	-8.7%	2,1 M €	-25.6%	2,8 M €	-13.7%	3,3 M €	-11.5%	3,7 M €	-17.4%	4,5 M €	-40.6%	7,5 M €	+15.0%	6,5 M €	+14.1%	5,7 M €	+6.2%	5,4 M €	+11.3%	4,8 M €	+14.4%	4,2 M €	+4.4%	4 M €	+1.7%	4 M €	+20.7%	3,3 M €	+23.9%	2,7 M €
Total assets	3 M €	-70.7%	10,2 M €	-11.0%	11,5 M €	+26.4%	9,1 M €	+3.1%	8,8 M €	-18.5%	10,8 M €	-7.2%	11,6 M €	-9.5%	12,8 M €	-6.0%	13,7 M €	-22.2%	17,5 M €	+2.2%	17,2 M €	-5.8%	18,2 M €	-8.0%	19,8 M €	-6.6%	21,2 M €	+1.8%	20,8 M €	-4.7%	21,9 M €	-33.0%	32,7 M €	+25.1%	26,1 M €	+10.2%	23,7 M €
Cash	1,2 M €	-74.9%	5 M €	-18.8%	6,1 M €	+108%	2,9 M €	+215%	931,7 k €	-4.3%	973,2 k €	+153%	385,1 k €	-72.0%	1,4 M €	+13.3%	1,2 M €	-71.2%	4,2 M €	+56.2%	2,7 M €	+59.6%	1,7 M €	+690%	214,2 k €	-61.6%	558,2 k €	-72.3%	2 M €	-7.4%	2,2 M €	-65.6%	6,3 M €	+694%	799,3 k €	+60.4%	498,5 k €
Debts	1,9 M €	-64.7%	5,4 M €	-27.8%	7,5 M €	+17.3%	6,4 M €	+1.2%	6,3 M €	-16.2%	7,6 M €	-3.9%	7,9 M €	-7.8%	8,5 M €	-0.3%	8,6 M €	-8.1%	9,3 M €	-7.7%	10,1 M €	-15.7%	12 M €	-14.4%	14 M €	-11.6%	15,8 M €	-1.0%	16 M €	-6.7%	17,1 M €	-39.3%	28,2 M €	+25.4%	22,5 M €	+8.8%	20,7 M €
Other
Workforce	14,8 ETP	+0.7%	14,7 ETP	-0.7%	14,8 ETP	+2.1%	14,5 ETP	-2.0%	14,8 ETP	-0.7%	14,9 ETP	+1.4%	14,7 ETP	+0.7%	14,6 ETP	+2.8%	14,2 ETP	+2.2%	13,9 ETP	+0.7%	13,8 ETP	-2.1%	14,1 ETP	0.0%	14,1 ETP	+3.7%	13,6 ETP	+4.6%	13,0 ETP	-5.1%	13,7 ETP	+3.0%	13,3 ETP	-1.5%	13,5 ETP	+0.7%	13,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 55 ended

Active mandates

Gregory Selleslagh

Director · since 05 mai 2025 · until 04 mars 2031

Active

BART KINNAERT

Director · since 06 mars 2024 · until 05 mars 2030

Active

Christoph Lindke

Director · since 01 avril 2023 · until 04 mars 2025

Active

WIVABE SERVICES

Director · since 18 juin 2021 · until 30 décembre 2024 · 0828.080.684

Represented by Wim Van Besien

Active

Ended mandates

WIVABE SERVICES

Director · since 18 juin 2021 · until 05 mars 2024 · 0828.080.684

Represented by Wim Van Besien

Ended

WIVABE SERVICES

Director · since 18 juin 2021 · until 04 mars 2025 · 0828.080.684

Represented by Wim Van Besien

Ended

Andrés Bereilh

Director · since 22 janvier 2021 · until 31 mars 2023

Ended

Andrés Bereilh

Director · since 22 janvier 2021 · until 05 mars 2024

Ended

At this address

Other companies at this address

Company	CBE no.
SKYTANKING● Active	0425.512.076
Skytanking Brussels Fuel Farm● Active	1010.612.217

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2025	14/11/2024	02/08/2024	24/06/2024	03/03/2021	03/06/2020
General meeting	18/07/2025	27/09/2024	02/08/2024	14/02/2023	02/03/2021	03/03/2020
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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	18/07/2025	29/07/2025	Dutch	PDF
Full model	31/12/2023	27/09/2024	14/11/2024	Dutch	PDF
Full modelCorrection	31/12/2022	02/08/2024	02/08/2024	Dutch	PDF
Full model	31/12/2022	12/12/2023	14/12/2023	Dutch	PDF
Full modelCorrection	31/12/2021	14/02/2023	24/06/2024	Dutch	PDF
Full model	31/12/2021	14/02/2023	21/02/2023	Dutch	PDF
Full model	31/12/2020	02/03/2021	03/03/2021	Dutch	PDF
Full model	31/12/2019	03/03/2020	03/06/2020	Dutch	PDF
Full model	31/12/2018	05/03/2019	25/04/2019	Dutch	PDF
Full model	31/12/2017	06/03/2018	28/03/2018	Dutch	PDF
Full model	31/12/2016	07/03/2017	07/06/2017	Dutch	PDF
Full model	31/12/2015	19/04/2016	20/06/2016	Dutch	PDF
Full model	31/12/2014	22/04/2015	22/05/2015	Dutch	PDF
Full modelCorrection	31/12/2013	22/04/2014	17/12/2014	Dutch	PDF
Full model	31/12/2013	22/04/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	07/05/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	17/04/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	19/04/2011	26/08/2011	Dutch	PDF
Full modelCorrection	31/12/2009	20/04/2010	31/08/2010	Dutch	PDF
Full model	31/12/2009	20/04/2010	28/07/2010	Dutch	PDF
Full modelCorrection	31/12/2008	21/04/2009	27/07/2009	Dutch	PDF
Full model	31/12/2008	21/04/2009	19/06/2009	Dutch	PDF
Full model	31/12/2007	15/04/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	17/04/2007	07/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2024 · 4 active · 55 ended

Active mandates

Gregory Selleslagh

Director · since 05 mai 2025 · until 04 mars 2031

Active

BART KINNAERT

Director · since 06 mars 2024 · until 05 mars 2030

Active

Christoph Lindke

Director · since 01 avril 2023 · until 04 mars 2025

Active

WIVABE SERVICES

Director · since 18 juin 2021 · until 30 décembre 2024 · 0828.080.684

Represented by Wim Van Besien

Active

Ended mandates

WIVABE SERVICES

Director · since 18 juin 2021 · until 05 mars 2024 · 0828.080.684

Represented by Wim Van Besien

Ended

WIVABE SERVICES

Director · since 18 juin 2021 · until 04 mars 2025 · 0828.080.684

Represented by Wim Van Besien

Ended

Andrés Bereilh

Director · since 22 janvier 2021 · until 31 mars 2023

Ended

Andrés Bereilh

Director · since 22 janvier 2021 · until 05 mars 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates09/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/03/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
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

2024
Annual accounts 2024254,7 k €↓
2023
Annual accounts 20232,6 M €↓
2023
Name changeHydrant Refuelling Systems
2022
Annual accounts 20222,7 M €↑
2021
Annual accounts 2021945,6 k €↑
2021
Name changeHYDRANT REFUELLING SYSTEM
2020
Annual accounts 2020-719,7 k €↓
2019
Annual accounts 20191,1 M €↓
2018
Annual accounts 20181,3 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20151,1 M €↑
2014
Annual accounts 2014926,7 k €↑
2013
Annual accounts 2013483,1 k €↓
2012
Annual accounts 2012686,8 k €↓
2011
Annual accounts 2011784,7 k €↑
2010
Annual accounts 2010480,4 k €↑
2009
Annual accounts 2009198,4 k €↓
2008
Annual accounts 2008813,6 k €↑
2007
Annual accounts 2007635,5 k €↑
2006
Annual accounts 2006191,2 k €
27/06/1990
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

HYDRANT REFUELLING SYSTEM

Overview

What does HYDRANT REFUELLING SYSTEM do?

Trend over 19 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