ACTIVE

HEDACH

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Financial year 2025 · closed on 31/12/2025

Net result

116,6 k €

+249.4% YoY

Gross margin

522,3 k €

+61.8% YoY

Equity

525,4 k €

-0.9% YoY

Workforce

3,4 ETP

+6.2% YoY

What does HEDACH do?

HEDACH is a Public limited company incorporated in 1997. Its registered office is in Büllingen. It employs on average 3,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.281.331

Incorporation

24/03/1997

Legal form

Public limited company

Registered office

Morsheck 8
4760 Büllingen · WallonieSee on map

Contributed capital

342 875,88 €

Latest accounts

31/12/2025

Average workforce

3,4 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	522,3 k €	+61.8%	322,9 k €	-54.0%	702 k €	+28.3%	547,3 k €	+3.0%	531,2 k €	+24.6%	426,4 k €	-1.7%	433,6 k €	-12.6%	496,4 k €	-1.9%	506 k €	-5.2%	533,8 k €	+25.6%	424,9 k €	-10.8%	476,2 k €	-25.9%	642,4 k €	+0.2%	641,2 k €	+816%	70 k €	-69.9%	232,5 k €	-21.7%	297 k €	-23.0%	385,7 k €	+34.1%	287,7 k €	+4.7%	274,9 k €
EBITDA	233,6 k €	+248%	67,1 k €	-86.2%	487 k €	+7.8%	451,7 k €	+16.7%	386,9 k €	+57.5%	245,6 k €	+3.2%	238,1 k €	-10.1%	264,9 k €	+10.6%	239,5 k €	-18.1%	292,4 k €	+45.8%	200,6 k €	-21.0%	253,9 k €	-42.5%	441,6 k €	-1.2%	446,8 k €	+1067%	-46,2 k €	-127%	173,5 k €	-16.3%	207,2 k €	-37.3%	330,5 k €	+85.0%	178,7 k €	+4.1%	171,6 k €
Operating result	134,4 k €	+270%	-79 k €	-123%	336,6 k €	+9.5%	307,5 k €	+27.3%	241,6 k €	+381%	50,2 k €	-2.9%	51,7 k €	-23.6%	67,8 k €	+55.7%	43,5 k €	-54.0%	94,6 k €	+3811%	-2,5 k €	-115%	17,3 k €	-91.2%	195,7 k €	-1.8%	199,2 k €	+161%	-324,4 k €	-654%	-43 k €	-157%	76,1 k €	-47.9%	146,1 k €	+164%	55,4 k €	+2.4%	54,1 k €
Net result	116,6 k €	+249%	-78,1 k €	-125%	312 k €	+10.0%	283,5 k €	+32.1%	214,5 k €	+2290%	9 k €	+67.6%	5,4 k €	-61.2%	13,8 k €	+399%	2,8 k €	-37.1%	4,4 k €	+105%	-83,5 k €	-500%	20,9 k €	+127%	9,2 k €	-85.6%	64,1 k €	+114%	-453,9 k €	-190%	-156,5 k €	-840%	21,2 k €	-77.1%	92,5 k €	+1519%	5,7 k €	-68.5%	18,2 k €
Balance sheet
Equity	525,4 k €	-0.9%	530,4 k €	-13.8%	615,2 k €	+9.9%	559,9 k €	+97.8%	283,1 k €	+275%	75,5 k €	-5.5%	79,9 k €	-8.9%	87,7 k €	+0.5%	87,2 k €	-10.8%	97,8 k €	-8.4%	106,7 k €	-47.7%	204,1 k €	-1.0%	206,1 k €	-2.4%	211,1 k €	+30.5%	161,8 k €	-74.3%	630,5 k €	+6.9%	589,9 k €	+3.5%	570 k €	+19.0%	479,1 k €	+0.8%	475,3 k €
Total assets	1,1 M €	-9.7%	1,2 M €	-21.8%	1,6 M €	+3.2%	1,5 M €	-18.0%	1,9 M €	+0.4%	1,9 M €	-1.5%	1,9 M €	-3.5%	2 M €	-20.2%	2,5 M €	-1.0%	2,5 M €	-14.3%	2,9 M €	-13.6%	3,4 M €	+0.6%	3,4 M €	-0.3%	3,4 M €	-1.3%	3,4 M €	-9.4%	3,8 M €	+80.9%	2,1 M €	+21.9%	1,7 M €	+18.5%	1,4 M €	+1.6%	1,4 M €
Cash	7,4 k €	+61.5%	4,6 k €	-96.7%	138,3 k €	-1.1%	139,9 k €	+452%	25,3 k €	+43.3%	17,7 k €	-54.7%	39 k €	+13.1%	34,5 k €	+139%	14,4 k €	+58.2%	9,1 k €	+98.9%	4,6 k €	-87.5%	36,7 k €	+302%	9,1 k €	+65.3%	5,5 k €	-29.4%	7,8 k €	-81.9%	43,1 k €	-74.1%	166,4 k €	+750%	19,6 k €	-39.2%	32,2 k €	+21.6%	26,5 k €
Debts	600,8 k €	-16.0%	715 k €	-27.1%	980,7 k €	-0.5%	985,5 k €	-38.5%	1,6 M €	-11.1%	1,8 M €	-1.3%	1,8 M €	-3.2%	1,9 M €	-20.9%	2,4 M €	-0.5%	2,4 M €	-14.6%	2,8 M €	-11.4%	3,2 M €	+3.0%	3,1 M €	-0.2%	3,1 M €	-4.8%	3,2 M €	+4.0%	3,1 M €	+110%	1,5 M €	+32.1%	1,1 M €	+17.8%	953,8 k €	+2.4%	931,4 k €
Other
Workforce	3,4 ETP	+6.2%	3,2 ETP	+33.3%	2,4 ETP	+84.6%	1,3 ETP	-45.8%	2,4 ETP	-20.0%	3,0 ETP	-3.2%	3,1 ETP	-20.5%	3,9 ETP	0.0%	3,9 ETP	+2.6%	3,8 ETP	-2.6%	3,9 ETP	-9.3%	4,3 ETP	+13.2%	3,8 ETP	+22.6%	3,1 ETP	+72.2%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 31/12/2025 · 2 active · 12 ended

Active mandates

Alfred HECK

Managing director · since 20 novembre 2023 · until 10 juin 2029

Active

KRÜGER GROUP

Director · since 20 novembre 2023 · until 10 juin 2029 · 0800.301.072

Represented by PHILIPP KRÜGER

Active

Ended mandates

Alfred HECK

Managing director · since 10 juin 2020 · until 10 juin 2026

Ended

Mario HECK

Director · since 10 juin 2020 · until 20 novembre 2023

Ended

Mario HECK

Director · since 10 juin 2020 · until 10 juin 2026

Ended

Alfred HECK

Managing director · since 10 juin 2014 · until 10 juin 2020

Ended

At this address

Other companies at this address

Company	CBE no.
HEDACH MONTAGE● Active	1003.705.124
KRÜGER GROUP● Active	0800.301.072

Annual accounts

Full financial information

	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	30/07/2026	29/07/2025	18/06/2024	24/07/2023	07/07/2022	16/07/2021
General meeting	30/06/2026	30/06/2025	25/04/2024	09/06/2023	10/06/2022	10/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	German	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	German	PDF
Abridged model	31/12/2023	25/04/2024	18/06/2024	German	PDF
Abridged model	31/12/2022	09/06/2023	24/07/2023	German	PDF
Abridged model	31/12/2021	10/06/2022	07/07/2022	German	PDF
Abridged model	31/12/2020	10/06/2021	16/07/2021	German	PDF
Abridged model	31/12/2019	10/06/2020	10/07/2020	German	PDF
Abridged model	31/12/2018	10/06/2019	21/08/2019	German	PDF
Abridged model	31/12/2017	10/06/2018	06/07/2018	German	PDF
Abridged model	31/12/2016	10/06/2017	28/07/2017	German	PDF
Abridged model	31/12/2015	10/06/2016	25/08/2016	German	PDF
Abridged model	31/12/2014	10/06/2015	24/08/2015	German	PDF
Abridged model	31/12/2013	10/06/2014	30/07/2014	German	PDF
Abridged model	31/12/2012	10/06/2013	29/07/2013	German	PDF
Abridged model	31/12/2011	11/06/2012	31/07/2012	German	PDF
Abridged model	31/12/2010	10/06/2011	28/07/2011	German	PDF
Abridged model	31/12/2009	10/06/2010	30/08/2010	German	PDF
Abridged model	31/12/2008	10/06/2009	08/07/2009	German	PDF
Abridged model	31/12/2007	10/06/2008	09/07/2008	German	PDF
Abridged model	31/12/2006	10/06/2007	31/07/2007	German	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 31/12/2025 · 2 active · 12 ended

Active mandates

Alfred HECK

Managing director · since 20 novembre 2023 · until 10 juin 2029

Active

KRÜGER GROUP

Director · since 20 novembre 2023 · until 10 juin 2029 · 0800.301.072

Represented by PHILIPP KRÜGER

Active

Ended mandates

Alfred HECK

Managing director · since 10 juin 2020 · until 10 juin 2026

Ended

Mario HECK

Director · since 10 juin 2020 · until 20 novembre 2023

Ended

Mario HECK

Director · since 10 juin 2020 · until 10 juin 2026

Ended

Alfred HECK

Managing director · since 10 juin 2014 · until 10 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/12/2023
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates20/08/2020
ENTLASSUNG - ERNENNUNG
PDF
Mandates25/07/2014
ENTLASSUNG - ERNENNUNG
PDF
Mandates24/09/2009
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
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 2025116,6 k €↑
2024
Annual accounts 2024-78,1 k €↓
2023
Annual accounts 2023312 k €↑
2022
Annual accounts 2022283,5 k €↑
2021
Annual accounts 2021214,5 k €↑
2020
Annual accounts 20209 k €↑
2019
Annual accounts 20195,4 k €↓
2018
Annual accounts 201813,8 k €↑
2017
Annual accounts 20172,8 k €↓
2016
Annual accounts 20164,4 k €↑
2015
Annual accounts 2015-83,5 k €↓
2014
Annual accounts 201420,9 k €↑
2013
Annual accounts 20139,2 k €↓
2012
Annual accounts 201264,1 k €↑
2011
Annual accounts 2011-453,9 k €↓
2010
Annual accounts 2010-156,5 k €↓
2009
Annual accounts 200921,2 k €↓
2008
Annual accounts 200892,5 k €↑
2007
Annual accounts 20075,7 k €↓
2006
Annual accounts 200618,2 k €
24/03/1997
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

HEDACH

Overview

What does HEDACH do?

Trend over 20 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