ACTIVE

HELA

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+12.1% YoY

Revenue

20,2 M €

+8.1% YoY

Equity

12,3 M €

+10.3% YoY

Workforce

36,3 ETP

+7.4% YoY

What does HELA do?

HELA is a Public limited company incorporated in 1995. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Pelt. It employs on average 36,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.268.402

Incorporation

31/10/1995

Legal form

Public limited company

Registered office

Haltstraat 53
3900 Pelt · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

36,3 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 25120Manufacture of doors and windows of metal 25120Manufacture of doors and windows of metal 28120Manufacture of fluid power equipment

Joint committees (6)

111
1110
11100
209
2090
20900

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Revenue	20,2 M €	+8.1%	18,7 M €	+1.2%	18,5 M €	-9.6%	20,5 M €	+3.0%	19,8 M €	+62.6%	12,2 M €	-15.0%	14,4 M €	-0.0%	14,4 M €	+21.7%	11,8 M €	-2.8%	12,1 M €	-5.7%	12,9 M €	+27.9%	10,1 M €	+20.9%	8,3 M €	-11.0%	9,4 M €	-8.6%	10,2 M €	+25.5%	8,2 M €	+12.8%	7,2 M €	-7.1%	7,8 M €		–
EBITDA	2,2 M €	+1.7%	2,2 M €	+4.4%	2,1 M €	+3.7%	2 M €	+18.7%	1,7 M €	+14.4%	1,5 M €	+11.3%	1,3 M €	+6.0%	1,3 M €	+33.2%	955,8 k €	+2.2%	935,6 k €	+15.1%	812,7 k €	-2.4%	832,9 k €	+11.4%	747,8 k €	-35.7%	1,2 M €	+28.6%	904,7 k €	-7.4%	977,4 k €	+19.5%	818 k €	+31.1%	623,8 k €	+55.6%	400,8 k €
Operating result	1,4 M €	+0.8%	1,4 M €	+4.3%	1,3 M €	+1.5%	1,3 M €	+15.0%	1,1 M €	+15.6%	990,6 k €	-7.5%	1,1 M €	+9.6%	977,5 k €	+46.2%	668,8 k €	-11.5%	756,1 k €	+19.4%	633,4 k €	-7.7%	685,9 k €	+14.5%	599,3 k €	-38.4%	973,5 k €	+35.2%	719,8 k €	-9.6%	796,3 k €	+33.3%	597,2 k €	+42.0%	420,7 k €	+73.5%	242,5 k €
Net result	1,1 M €	+12.1%	1 M €	+7.1%	952,2 k €	+8.1%	881 k €	+6.8%	825,3 k €	+11.5%	740 k €	+1.4%	729,5 k €	+8.5%	672,4 k €	+51.8%	443 k €	-8.7%	485 k €	+18.9%	407,8 k €	-7.8%	442,3 k €	+11.1%	398,2 k €	-35.6%	618 k €	+62.5%	380,2 k €	-33.8%	574,1 k €	+57.0%	365,7 k €	+58564%	623,5 €	-99.5%	118,5 k €
Balance sheet
Equity	12,3 M €	+10.3%	11,1 M €	+10.1%	10,1 M €	+10.4%	9,1 M €	+10.7%	8,3 M €	+11.1%	7,4 M €	+11.1%	6,7 M €	+12.2%	6 M €	+12.7%	5,3 M €	+9.1%	4,8 M €	+11.1%	4,4 M €	+10.3%	4 M €	+12.6%	3,5 M €	+12.8%	3,1 M €	+24.8%	2,5 M €	+18.0%	2,1 M €	+37.3%	1,5 M €	+31.1%	1,2 M €	+18.6%	990,6 k €
Total assets	16,3 M €	+13.4%	14,4 M €	+8.2%	13,3 M €	-7.2%	14,3 M €	+3.2%	13,9 M €	+45.4%	9,5 M €	+9.2%	8,7 M €	-0.8%	8,8 M €	+13.4%	7,8 M €	+9.0%	7,1 M €	-5.5%	7,5 M €	+17.8%	6,4 M €	+2.0%	6,3 M €	+5.2%	6 M €	+9.8%	5,4 M €	+15.3%	4,7 M €	+34.7%	3,5 M €	-34.1%	5,3 M €	+50.5%	3,5 M €
Cash	2,5 M €	+48.6%	1,7 M €	-34.8%	2,6 M €	+63.2%	1,6 M €	+184%	553,6 k €	-33.2%	828,1 k €	+128%	363,9 k €	+3822773%	9,5 €	0.0%	9,5 €	0.0%	9,5 €	-96.7%	288,3 €	-54.8%	637,3 €	-99.4%	114,6 k €	+223%	35,5 k €	+234%	10,6 k €	-82.1%	59,3 k €	-69.3%	193,3 k €	+8820%	2,2 k €	+486%	370 €
Debts	4 M €	+25.0%	3,2 M €	+1.1%	3,2 M €	-38.2%	5,1 M €	-8.5%	5,6 M €	+166%	2,1 M €	+3.7%	2 M €	-27.8%	2,8 M €	+15.3%	2,4 M €	+8.2%	2,3 M €	-28.9%	3,2 M €	+29.9%	2,4 M €	-11.5%	2,8 M €	-2.9%	2,8 M €	-3.0%	2,9 M €	+13.1%	2,6 M €	+33.3%	1,9 M €	-52.9%	4,1 M €	+63.0%	2,5 M €
Other
Workforce	36,3 ETP	+7.4%	33,8 ETP	-7.9%	36,7 ETP	-3.4%	38,0 ETP	+4.1%	36,5 ETP	+6.7%	34,2 ETP	+8.6%	31,5 ETP	+0.3%	31,4 ETP	+7.2%	29,3 ETP	+16.7%	25,1 ETP	+9.1%	23,0 ETP	+12.2%	20,5 ETP	+3.0%	19,9 ETP	+13.7%	17,5 ETP	+17.4%	14,9 ETP	+26.3%	11,8 ETP	+7.3%	11,0 ETP	+50.7%	7,3 ETP	0.0%	7,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 25 ended

Active mandates

ARJAN ZEGELAAR

Managing director · since 27 juin 2024 · until 28 juin 2029

Active

MAARTEN VEEN

Director · since 30 juin 2023 · until 28 juin 2029

Active

Ended mandates

KRISTEL IGNOUL

Director · since 10 août 2022 · until 30 juin 2023

Ended

KRISTEL IGNOUL

Director · since 10 août 2022 · until 29 juin 2028

Ended

Johannes M.H. Welting

Managing director · since 15 septembre 2021 · until 30 juin 2027

Ended

JOHANNES WELTING

Director · since 30 juin 2021 · until 24 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
Heras Hekwerk● Active	0400.865.762

Annual accounts

Full financial information

	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	06/07/2026	04/07/2025	27/06/2024	07/07/2023	11/08/2022	16/11/2021
General meeting	03/07/2026	26/06/2025	27/06/2024	30/06/2023	10/08/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	03/07/2026	06/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	04/07/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	07/07/2023	Dutch	PDF
Full model	31/12/2021	10/08/2022	11/08/2022	Dutch	PDF
Full modelCorrection	31/12/2020	30/06/2021	16/11/2021	Dutch	PDF
Full model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Full model	31/12/2019	25/06/2020	08/07/2020	Dutch	PDF
Full model	31/12/2018	27/06/2019	12/07/2019	Dutch	PDF
Full model	31/12/2017	28/06/2018	04/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	04/07/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	13/07/2015	Dutch	PDF
Full model	31/12/2013	26/06/2014	28/07/2014	Dutch	PDF
Full model	31/12/2012	27/06/2013	10/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	31/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	31/10/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	25/06/2009	08/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	26/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 25 ended

Active mandates

ARJAN ZEGELAAR

Managing director · since 27 juin 2024 · until 28 juin 2029

Active

MAARTEN VEEN

Director · since 30 juin 2023 · until 28 juin 2029

Active

Ended mandates

KRISTEL IGNOUL

Director · since 10 août 2022 · until 30 juin 2023

Ended

KRISTEL IGNOUL

Director · since 10 août 2022 · until 29 juin 2028

Ended

Johannes M.H. Welting

Managing director · since 15 septembre 2021 · until 30 juin 2027

Ended

JOHANNES WELTING

Director · since 30 juin 2021 · until 24 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other31/12/2019
DIVERSEN
PDF
Mandates17/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2013
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 20251,1 M €↑
2024
Annual accounts 20241 M €↑
2023
Annual accounts 2023952,2 k €↑
2022
Annual accounts 2022881 k €↑
2021
Annual accounts 2021825,3 k €↑
2020
Annual accounts 2020740 k €↑
2019
Annual accounts 2019729,5 k €↑
2018
Annual accounts 2018672,4 k €↑
2017
Annual accounts 2017443 k €↓
2016
Annual accounts 2016485 k €↑
2015
Annual accounts 2015407,8 k €↓
2014
Annual accounts 2014442,3 k €↑
2013
Annual accounts 2013398,2 k €↓
2012
Annual accounts 2012618 k €↑
2011
Annual accounts 2011380,2 k €↓
2010
Annual accounts 2010574,1 k €↑
2009
Annual accounts 2009365,7 k €↑
2008
Annual accounts 2008623,5 €↓
2006
Annual accounts 2006118,5 k €
31/10/1995
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

HELA

Overview

What does HELA 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