ACTIVE

HEPACO

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Financial year 2025 · closed on 30/06/2025

Net result

40 k €

-34.2% YoY

Gross margin

109,9 k €

-16.2% YoY

Equity

591,7 k €

+7.3% YoY

What does HEPACO do?

HEPACO is a Public limited company incorporated in 1997. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Putte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.984.193

Incorporation

06/02/1997

Legal form

Public limited company

Registered office

Oude Molen 10
2580 Putte · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

30/06/2025

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 71111Architectural activities 71111Architectural activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	109,9 k €	-16.2%	131,2 k €	+34.4%	97,6 k €	-23.5%	127,6 k €	+1.9%	125,2 k €	-28.2%	174,4 k €	+26.4%	138 k €	+25.0%	110,4 k €	+13.3%	97,4 k €	-12.4%	111,1 k €	+11.7%	99,5 k €	-8.3%	108,5 k €	+32.7%	81,8 k €	+9.9%	74,4 k €	+30.1%	57,2 k €	+26.3%	45,3 k €	-7.0%	48,7 k €	+136%	20,6 k €
EBITDA	105,6 k €	-16.1%	125,9 k €	+35.4%	93 k €	-24.5%	123,1 k €	+1.4%	121,4 k €	-29.5%	172,1 k €	+27.4%	135,1 k €	+26.2%	107,1 k €	+13.6%	94,2 k €	-6.8%	101,1 k €	+33.7%	75,7 k €	-19.0%	93,4 k €	+25.0%	74,7 k €	+15.9%	64,5 k €	+17.1%	55,1 k €	+24.2%	44,3 k €	-6.7%	47,5 k €	+157%	18,5 k €
Operating result	51,4 k €	-37.1%	81,8 k €	+67.8%	48,7 k €	-35.1%	75,1 k €	+19.7%	62,7 k €	-40.7%	105,8 k €	+63.4%	64,7 k €	+50.4%	43 k €	-7.8%	46,7 k €	-30.0%	66,7 k €	+65.4%	40,4 k €	-30.0%	57,6 k €	+31.9%	43,7 k €	+29.6%	33,7 k €	+45.0%	23,2 k €	+2.5%	22,7 k €	+22.7%	18,5 k €	+248%	5,3 k €
Net result	40 k €	-34.2%	60,8 k €	+77.0%	34,4 k €	-42.8%	60,1 k €	+18.2%	50,8 k €	-41.0%	86,1 k €	+111%	40,8 k €	+86.7%	21,9 k €	-8.1%	23,8 k €	-4.0%	24,8 k €	+39.1%	17,8 k €	-25.9%	24,1 k €	+44.7%	16,6 k €	+112%	7,8 k €	+3690%	206,6 €	-86.6%	1,5 k €	-52.4%	3,2 k €	+202%	-3,2 k €
Balance sheet
Equity	591,7 k €	+7.3%	551,7 k €	+12.4%	490,9 k €	+7.5%	456,5 k €	+15.2%	396,4 k €	+7.0%	370,6 k €	+19.7%	309,5 k €	+15.2%	268,7 k €	+8.9%	246,9 k €	+10.7%	223,1 k €	+12.5%	198,3 k €	+9.9%	180,5 k €	+15.4%	156,4 k €	+11.9%	139,8 k €	+5.9%	132 k €	+0.2%	131,8 k €	+1.2%	130,2 k €	+2.6%	127 k €
Total assets	699,7 k €	+10.0%	635,9 k €	+12.7%	564,5 k €	+0.8%	560,1 k €	-1.7%	569,7 k €	+1.5%	561,5 k €	-4.0%	584,8 k €	+2.3%	571,7 k €	-1.6%	581,2 k €	-0.8%	585,8 k €	-3.7%	608,5 k €	-3.1%	627,9 k €	-2.1%	641,3 k €	-5.1%	675,8 k €	-3.7%	702,1 k €	+5.2%	667,2 k €	-3.9%	694,5 k €	+72.0%	403,9 k €
Cash	65,2 k €	+82.8%	35,7 k €	-14.7%	41,8 k €	+1712%	2,3 k €	-93.2%	34 k €	-27.1%	46,7 k €	+671%	6 k €	+37.9%	4,4 k €	-15.1%	5,2 k €	+4.0%	5 k €	-52.5%	10,5 k €	+2249%	446,1 €	-95.8%	10,7 k €	+489%	1,8 k €	-65.3%	5,2 k €	-65.5%	15,1 k €	+25.8%	12 k €	+8128%	146,2 €
Debts	108 k €	+28.3%	84,2 k €	+14.4%	73,6 k €	-29.0%	103,6 k €	-40.2%	173,3 k €	-9.2%	190,9 k €	-29.8%	272,1 k €	-9.0%	298,9 k €	-9.3%	329,5 k €	-7.8%	357,2 k €	-11.6%	404,1 k €	-9.7%	447,4 k €	-4.4%	468,1 k €	-11.4%	528,6 k €	-6.0%	562,5 k €	+6.9%	526,3 k €	-6.7%	564,3 k €	+104%	276,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active

Active mandates

heidi van duffel

Managing director

Active

paul van de voorde

Director

Active

At this address

Other companies at this address

Company	CBE no.
Ortho VdV● Active	1042.212.837

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/12/2025	26/12/2024	26/12/2023	19/12/2022	17/12/2021	30/12/2020
General meeting	23/12/2025	20/12/2024	10/12/2023	12/12/2022	10/12/2021	11/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	23/12/2025	23/12/2025	Dutch	PDF
Micro model	30/06/2024	20/12/2024	26/12/2024	Dutch	PDF
Micro model	30/06/2023	10/12/2023	26/12/2023	Dutch	PDF
Micro model	30/06/2022	12/12/2022	19/12/2022	Dutch	PDF
Micro model	30/06/2021	10/12/2021	17/12/2021	Dutch	PDF
Micro model	30/06/2020	11/12/2020	30/12/2020	Dutch	PDF
Micro model	30/06/2019	25/11/2019	20/12/2019	Dutch	PDF
Micro model	30/06/2018	03/12/2018	24/12/2018	Dutch	PDF
Micro model	30/06/2017	04/12/2017	26/12/2017	Dutch	PDF
Abridged model	30/06/2016	05/12/2016	27/12/2016	Dutch	PDF
Abridged model	30/06/2015	07/12/2015	28/12/2015	Dutch	PDF
Abridged model	30/06/2014	01/12/2014	20/12/2014	Dutch	PDF
Abridged model	30/06/2013	02/12/2013	27/12/2013	Dutch	PDF
Abridged model	30/06/2012	03/12/2012	12/12/2012	Dutch	PDF
Abridged model	30/06/2011	05/12/2011	27/12/2011	Dutch	PDF
Abridged model	30/06/2010	06/12/2010	24/12/2010	Dutch	PDF
Abridged model	30/06/2009	07/12/2009	29/12/2009	Dutch	PDF
Abridged model	30/06/2008	01/12/2008	09/12/2008	Dutch	PDF
Abridged model	30/06/2007	08/12/2007	21/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/06/2025 · 2 active

Active mandates

heidi van duffel

Managing director

Active

paul van de voorde

Director

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/12/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2012
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office30/04/2009
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
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 202540 k €↓
2024
Annual accounts 202460,8 k €↑
2023
Annual accounts 202334,4 k €↓
2022
Annual accounts 202260,1 k €↑
2021
Annual accounts 202150,8 k €↓
2020
Annual accounts 202086,1 k €↑
2019
Annual accounts 201940,8 k €↑
2018
Annual accounts 201821,9 k €↓
2017
Annual accounts 201723,8 k €↓
2016
Annual accounts 201624,8 k €↑
2015
Annual accounts 201517,8 k €↓
2014
Annual accounts 201424,1 k €↑
2013
Annual accounts 201316,6 k €↑
2012
Annual accounts 20127,8 k €↑
2011
Annual accounts 2011206,6 €↓
2010
Annual accounts 20101,5 k €↓
2009
Annual accounts 20093,2 k €↑
2008
Annual accounts 2008-3,2 k €
06/02/1997
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

HEPACO

Overview

What does HEPACO do?

Trend over 18 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