ACTIVE

HERTOGEN

Financial year 2025 · Closed on 31/12/2025

Net result64,8 k €-5,3 %over 1 year

Gross margin209 k €-1,4 %over 1 year

Equity2,3 M €-6,9 %over 1 year

Identity

Source · BCE/KBO

HERTOGEN is a Public limited company incorporated in 1994. Its main activity is: Buying and selling of own real estate. Its registered office is in Brugge.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0452.717.311
Incorporation: 20/05/1994
Legal form: Public limited company
Registered office: Moerstraat 28
8000 Brugge · FlandreSee on map
Contributed capital: 1 345 348,77 €
Latest accounts: 31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate 70111Activities of head offices 41101Development of building projects 68121Buying and selling of own real estate+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	209 k €	-1.4%	212 k €	+3.5%	204,9 k €	+1.8%	201,2 k €	+8.0%	186,3 k €
EBITDA	189,6 k €	-1.8%	193,2 k €	+3.3%	187 k €	+0.7%	185,6 k €	+8.4%	171,2 k €
Operating result	90,7 k €	-2.3%	92,9 k €	+6.1%	87,5 k €	+0.4%	87,2 k €	+17.5%	74,2 k €
Net result	64,8 k €	-5.3%	68,5 k €	+6.9%	64,1 k €	+12.2%	57,1 k €	+78.4%	32 k €
Balance sheet
Equity	2,3 M €	-6.9%	2,4 M €	+2.3%	2,4 M €	+2.2%	2,3 M €	+1.9%	2,3 M €
Total assets	2,3 M €	-12.5%	2,7 M €	+2.0%	2,6 M €	+2.4%	2,6 M €	+2.2%	2,5 M €
Cash	48,1 k €	-83.2%	286,2 k €	+107%	138,1 k €	-44.7%	249,5 k €	+195%	84,5 k €
Debts	75,9 k €	-70.0%	253,1 k €	-1.4%	256,8 k €	+4.4%	245,9 k €	+5.5%	233,1 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annick Saelen	Director18/02/2020 → 04/06/2032
J.P.S. CONSULT0426.118.030Represented by Saelen JEAN-PIERRE	Director05/06/2009 → 04/06/2032bestuurder18/02/2020 → 2022 accountsendedManaging director12/12/2003 → 2007 accountsended
Katrien Desimpel	Director12/12/2003 → 04/06/2032bestuurder18/02/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Pierre Saelen	Managing director05/06/2009 → 2018 accountsDirector12/12/2003 → 2007 accounts

Other companies at this address

Moerstraat 28 8000 Brugge

Company	CBE no.
BELFIMMO● Active	0453.271.991
J.P.S. CONSULT● Active	0426.118.030
SAELDES● Active	0729.905.895
Sedecom● Liquidation	0405.138.910
WITTE MOLEN PARK● Active	0555.747.444

Full financial information

Source · NBB

	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	26/06/2026	23/06/2025	26/06/2024	05/07/2023	20/07/2022	07/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	14/06/2023	30/06/2022	28/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	05/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	28/06/2021	07/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	28/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	11/07/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	20/09/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	12/10/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	06/10/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	29/08/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Annick Saelen	Director18/02/2020 → 04/06/2032
J.P.S. CONSULT0426.118.030Represented by Saelen JEAN-PIERRE	Director05/06/2009 → 04/06/2032bestuurder18/02/2020 → 2022 accountsendedManaging director12/12/2003 → 2007 accountsended
Katrien Desimpel	Director12/12/2003 → 04/06/2032bestuurder18/02/2020 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean-Pierre Saelen	Managing director05/06/2009 → 2018 accountsDirector12/12/2003 → 2007 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/07/2026
Benoemingen
PDF
Other10/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates25/02/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2016
HERBENOEMEN (GEDELEGEERD) BESTUURDERS
PDF
Capital / shares15/10/2013
KAPITAALVERHOGING-INBRENG ONROEREND GOED
PDF
Registered office06/02/2013
RECTIFICATIE OP WIJZIGING. MAATSCHAPPELIJKE ZETEL DD 20.04.2004
PDF
Capital / shares04/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/10/2009
HERBENOEMING (GEDELEGEERD) BESTUURDER(S)
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

Filings18 filings

Mandates

J.P.S. CONSULT

Katrien Desimpel

Annick Saelen

Jean-Pierre Saelen

199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

HERTOGEN

Moerstraat 28, 8000 Brugge

DirectorbestuurderManaging director

Directorbestuurder

Director

Managing directorDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Moerstraat 28, 8000 BruggeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00203080

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HERTOGENCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00203080

Events

2025
Annual accounts 202564,8 k €↓
2024
Annual accounts 202468,5 k €↑
2023
Annual accounts 202364,1 k €↑
2022
Annual accounts 202257,1 k €↑
2021
Annual accounts 202132 k €↓
2018
Annual accounts 2018332,1 k €↑
2017
Annual accounts 201776,4 k €↓
2016
Annual accounts 201691 k €↑
2015
Annual accounts 201538 k €↑
2014
Annual accounts 201428,9 k €↓
2013
Annual accounts 201336 k €↑
2012
Annual accounts 2012-38,6 k €↓
2011
Annual accounts 201147 k €↑
2010
Annual accounts 2010-39,4 k €↓
2009
Annual accounts 20095,2 k €↑
2008
Annual accounts 2008-2,9 k €↑
2007
Annual accounts 2007-15,6 k €↓
2006
Annual accounts 2006-13 k €
20/05/1994
IncorporationPublic limited company

HERTOGEN

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