ACTIVE

HERTSENS INFRA

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Financial year 2025 · Closed on 31/12/2025

Net result3,2 M €+16,7 %over 1 year

Revenue21,9 M €+1,4 %over 1 year

Equity19,9 M €+19,5 %over 1 year

Workforce44,4 ETP-4,5 %over 1 year

Identity

Source · BCE/KBO

HERTSENS INFRA is a Public limited company incorporated in 1991. Its main activity is: Construction of other civil engineering projects n.e.c.. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 44,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0444.793.696
Incorporation: 29/07/1991
Legal form: Public limited company
Registered office: Oeverkant 38
2070 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital: 148 736,11 €
Latest accounts: 31/12/2025
Average workforce: 44,4 ETP

Activities (NACE)

42990Construction of other civil engineering projects n.e.c.· main 42990Construction of other civil engineering projects n.e.c.43120Site preparation 43120Site preparation 45112Sale of cars and light motor vehicles 45230Maintenance and repair of motor vehicles+3

Joint committees (4)

124
14504
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	21,9 M €	+1.4%	21,6 M €	+11.6%	19,4 M €	-0.2%	19,4 M €	+40.3%	13,8 M €
EBITDA	5 M €	+19.0%	4,2 M €	-6.5%	4,5 M €	+15.5%	3,9 M €	+69.4%	2,3 M €
Operating result	3,8 M €	+14.9%	3,3 M €	-14.4%	3,9 M €	+20.4%	3,2 M €	+52.4%	2,1 M €
Net result	3,2 M €	+16.7%	2,8 M €	-11.3%	3,1 M €	+23.1%	2,5 M €	+49.4%	1,7 M €
Balance sheet
Equity	19,9 M €	+19.5%	16,6 M €	+16.2%	14,3 M €	+28.0%	11,2 M €	+29.4%	8,6 M €
Total assets	34,3 M €	-0.0%	34,3 M €	+22.5%	28 M €	+39.7%	20,1 M €	+24.6%	16,1 M €
Cash	2,1 M €	+3.4%	2 M €	+16.0%	1,8 M €	-21.6%	2,2 M €	+95.3%	1,1 M €
Debts	14,1 M €	-18.4%	17,2 M €	+29.7%	13,3 M €	+60.0%	8,3 M €	+17.0%	7,1 M €
Other
Workforce	44,4 ETP	-4.5%	46,5 ETP	-3.5%	48,2 ETP	+0.8%	47,8 ETP	+10.9%	43,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NEOPROJECTS0761.959.645Represented by Helena Hertsens	Managing directorsince 01/02/2023
Jeannine Verhelst	Managing directorsince 01/05/2006
Werner Hertsens	Managing directorsince 07/04/2003

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Helena Hertsens	Managing director08/07/2019 → 2020 accounts
Christophe Hertsens	Director20/12/2013 → 17/06/2019Managing director20/12/2013 → 2018 accounts

Other companies at this address

Oeverkant 38 2070 Beveren-Kruibeke-Zwijndrecht

Company	CBE no.
CARTARGO● Active	0472.042.877
Groep Hertsens Burcht● Active	0662.928.979
HERTSENS VERHUUR● Active	0441.458.876
NEOCONSTRUCT 1● Active	0897.212.980
NEOCONSTRUCT 2● Active	0464.994.640
NEOPROJECTS● Active	0761.959.645
OEVERTRANS● Active	0880.534.524
Société d'Entreposage et de Gestion● Liquidation	0404.699.539
TERNEO● Active	0761.960.239
TM Hertsens Infra - Dero Construct● Active	1003.253.875

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	17/07/2026	17/07/2025	27/06/2024	12/07/2023	14/07/2022	22/07/2021
General meeting	30/06/2026	19/06/2025	20/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	19/06/2025	17/07/2025	Dutch	PDF
Full model	31/12/2023	20/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	14/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	10/08/2020	08/09/2020	Dutch	PDF
Full model	31/12/2018	05/07/2019	26/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	12/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Full model	31/12/2015	08/07/2016	27/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	22/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	16/07/2014	Dutch	PDF
Full model	31/12/2012	27/06/2013	24/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	24/07/2012	Dutch	PDF
Full model	31/12/2010	20/06/2011	13/07/2011	Dutch	PDF
Full model	31/12/2009	21/06/2010	27/07/2010	Dutch	PDF
Full modelCorrection	31/12/2008	20/07/2009	24/08/2009	Dutch	PDF
Full model	31/12/2008	20/07/2009	18/08/2009	Dutch	PDF
Full model	31/12/2007	28/04/2008	21/05/2008	Dutch	PDF
Full model	31/12/2006	22/06/2007	20/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NEOPROJECTS0761.959.645Represented by Helena Hertsens	Managing directorsince 01/02/2023
Jeannine Verhelst	Managing directorsince 01/05/2006
Werner Hertsens	Managing directorsince 07/04/2003

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Helena Hertsens	Managing director08/07/2019 → 2020 accounts
Christophe Hertsens	Director20/12/2013 → 17/06/2019Managing director20/12/2013 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates28/09/2026
Vaststelling einde mandaat bestuurder - herbenoeming commissaris
PDF
Capital / shares23/08/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates31/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other15/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ALGEMENE VERGADERING
PDF
Mandates03/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/08/2017
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

Filings17 filings

Mandates

NEOPROJECTS

Jeannine Verhelst

Werner Hertsens

Helena Hertsens

Christophe Hertsens

Arnold Hertsens

CHARBEL

WALDING

199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

HERTSENS INFRAHERTSENS WEGENWERKEN

Oeverkant 38, 2070 Zwijndrecht

Managing director

Managing directorDirector

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oeverkant 38, 2070 ZwijndrechtCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00304433

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HERTSENS INFRACurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00304433
HERTSENS WEGENWERKEN	accounts 2006 → 2020	Accounts 2020 · 2021-40200243

Events

2025
Annual accounts 20253,2 M €↑
2024
Annual accounts 20242,8 M €↓
2023
Annual accounts 20233,1 M €↑
2022
Annual accounts 20222,5 M €↑
2021
Annual accounts 20211,7 M €↑
2021
Name changeHERTSENS INFRA
2017
Annual accounts 2017647,3 k €↑
2016
Annual accounts 2016266,1 k €↓
2015
Annual accounts 2015313 k €↑
2014
Annual accounts 2014131,1 k €↑
2013
Annual accounts 2013103,1 k €↑
2012
Annual accounts 201278 k €↓
2011
Annual accounts 201183,1 k €↑
2010
Annual accounts 201020,3 k €↓
2009
Annual accounts 200944,1 k €↑
2008
Annual accounts 200827 k €↑
2007
Annual accounts 20078,3 k €↓
2006
Annual accounts 2006321,4 k €
29/07/1991
IncorporationPublic limited company

HERTSENS INFRA

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