ACTIVE

AHP

Financial year 2025 · closed on 30/09/2025
Net result
65,7 k €
+83.4% YoY
Gross margin
762,7 k €
+5.0% YoY
Equity
344,3 k €
+8.8% YoY
Workforce
6,2 ETP
-10.1% YoY

What does AHP do?

AHP is a Private limited company incorporated in 1999. Its main activity is: Manufacture of fluid power equipment. Its registered office is in Ledegem. It employs on average 6,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0465.632.464
Incorporation
23/04/1999
Legal form
Private limited company
Registered office
't Lindeke 17a
8880 Ledegem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Average workforce
6,2 ETP
Joint committees (3)
  • 100
  • 111
  • 209
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin762,7 k €726,5 k €632,8 k €568,6 k €514,5 k €432,1 k €359,8 k €314,8 k €351,8 k €289,2 k €175,5 k €240,2 k €121,9 k €117,7 k €114,2 k €94,1 k €124,6 k €41,6 k €34,9 k €
EBITDA228,6 k €207 k €151,1 k €117,2 k €113,8 k €113 k €133,2 k €104,7 k €132,5 k €107,2 k €53,4 k €143,1 k €56,2 k €67 k €65,2 k €68,3 k €81,2 k €33,1 k €33,7 k €
Operating result144,4 k €121,3 k €73,8 k €48,6 k €59,7 k €48,5 k €73,7 k €52,4 k €74,3 k €74,8 k €22,9 k €111,6 k €29,3 k €29,9 k €42 k €27,2 k €48,7 k €11,3 k €16,9 k €
Net result65,7 k €35,8 k €17,5 k €12,2 k €17,6 k €20,3 k €38,5 k €15,7 k €36,6 k €41,2 k €1,3 k €68,2 k €5,4 k €13,4 k €24,7 k €15 k €31,8 k €6,4 k €12 k €
Balance sheet
Equity344,3 k €316,4 k €317,1 k €299,6 k €313,2 k €295,6 k €275,3 k €248,4 k €232,7 k €206,1 k €174,9 k €173,6 k €122,3 k €119,3 k €105,9 k €79 k €71,3 k €43,3 k €38,8 k €
Total assets1,6 M €1,7 M €1,7 M €1,5 M €1,4 M €1,4 M €1,1 M €1 M €1 M €979,9 k €826,4 k €837 k €743,8 k €624,2 k €350 k €316,2 k €227,7 k €171 k €127,4 k €
Cash60,7 k €140,3 k €30,3 k €15,6 k €3,4 k €24,1 k €2,9 k €34,3 k €78,6 €5,5 k €23,5 k €16,5 k €77,5 €76,2 €123 €120 €1,1 k €1,5 k €484 €
Debts1,2 M €1,4 M €1,4 M €1,2 M €1,1 M €1,1 M €833,1 k €798,6 k €815,7 k €773,5 k €651,3 k €663,4 k €621,5 k €504,9 k €244 k €237,2 k €156,3 k €127,8 k €88,1 k €
Other
Workforce6,2 ETP6,9 ETP7,2 ETP6,7 ETP6,4 ETP5,5 ETP3,7 ETP3,2 ETP4,2 ETP3,8 ETP2,6 ETP2,3 ETP1,6 ETP1,1 ETP1,0 ETP0,6 ETP1,0 ETP1,0 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 30/09/2025 · 1 active · 2 ended

Active mandates

Christophe Pannecoucke

Manager · since 12 avril 1999

Active

Ended mandates

Christophe Pannecoucke

Director · since 30 novembre 2023

Ended
Christophe Pannecoucke

Director · since 12 avril 1999

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/12/202530/04/202521/03/202402/05/202302/05/202230/04/2021
General meeting10/12/202516/02/202507/03/202424/04/202326/04/202222/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202510/12/202529/12/2025DutchPDF
Abridged model30/09/202416/02/202530/04/2025DutchPDF
Abridged model30/09/202307/03/202421/03/2024DutchPDF
Abridged model30/09/202224/04/202302/05/2023DutchPDF
Abridged model30/09/202126/04/202202/05/2022DutchPDF
Abridged model30/09/202022/04/202130/04/2021DutchPDF
Abridged model30/09/201923/02/202027/04/2020DutchPDF
Abridged model30/09/201820/03/201925/04/2019DutchPDF
Abridged model30/09/201716/02/201828/03/2018DutchPDF
Abridged model30/09/201617/02/201717/03/2017DutchPDF
Abridged model30/09/201510/03/201625/03/2016DutchPDF
Abridged model30/09/201420/02/201527/03/2015DutchPDF
Abridged model30/09/201321/03/201425/04/2014DutchPDF
Abridged model30/09/201229/03/201320/04/2013DutchPDF
Abridged model30/09/201110/03/201203/04/2012DutchPDF
Abridged model30/09/201018/02/201129/04/2011DutchPDF
Abridged model30/09/200919/02/201031/03/2010DutchPDF
Abridged model30/09/200820/02/200916/03/2009DutchPDF
Abridged model30/09/200715/02/200807/04/2008DutchPDF
Abridged model30/09/200616/02/200723/03/2007DutchPDF
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 30/09/2025 · 1 active · 2 ended

Active mandates

Christophe Pannecoucke

Manager · since 12 avril 1999

Active

Ended mandates

Christophe Pannecoucke

Director · since 30 novembre 2023

Ended
Christophe Pannecoucke

Director · since 12 avril 1999

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares27/01/2026
    KAPITAAL - AANDELEN
    PDF
  • Restructuring18/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates04/12/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office07/06/2013
    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

Timeline

  1. 2025
    Annual accounts 202565,7 k €
  2. 2024
    Annual accounts 202435,8 k €
  3. 2023
    Annual accounts 202317,5 k €
  4. 2022
    Annual accounts 202212,2 k €
  5. 2021
    Annual accounts 202117,6 k €
  6. 2020
    Annual accounts 202020,3 k €
  7. 2019
    Annual accounts 201938,5 k €
  8. 2018
    Annual accounts 201815,7 k €
  9. 2017
    Annual accounts 201736,6 k €
  10. 2016
    Annual accounts 201641,2 k €
  11. 2015
    Annual accounts 20151,3 k €
  12. 2014
    Annual accounts 201468,2 k €
  13. 2013
    Annual accounts 20135,4 k €
  14. 2012
    Annual accounts 201213,4 k €
  15. 2011
    Annual accounts 201124,7 k €
  16. 2010
    Annual accounts 201015 k €
  17. 2009
    Annual accounts 200931,8 k €
  18. 2008
    Annual accounts 20086,4 k €
  19. 2007
    Annual accounts 200712 k €
  20. 23/04/1999
    IncorporationPrivate limited company