ACTIVE

EURO HEAT PIPES

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Financial year 2025 · Closed on 31/12/2025

Net result457,3 k €+257,4 %over 1 year

Revenue4,7 M €-47,8 %over 1 year

Equity962,4 k €+72,1 %over 1 year

Workforce89,5 ETP+4,1 %over 1 year

Identity

Source · BCE/KBO

EURO HEAT PIPES is a Public limited company incorporated in 2001. Its registered office is in Nivelles. It employs on average 89,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0474.521.723
Incorporation: 06/04/2001
Legal form: Public limited company
Registered office: Rue de la Science 9
1400 Nivelles · WallonieSee on map
Contributed capital: 750 000,00 €
Latest accounts: 31/12/2025
Average workforce: 89,5 ETP

Joint committees (2)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	4,7 M €	-47.8%	8,9 M €	-15.2%	10,5 M €	+135%	4,5 M €	-72.5%	16,4 M €
EBITDA	2,2 M €	+40.1%	1,6 M €	+66.7%	939,1 k €	+236%	279,1 k €	-80.0%	1,4 M €
Operating result	1,1 M €	+100%	525,8 k €	+210%	169,4 k €	+168%	-250,8 k €	-140%	627,2 k €
Net result	457,3 k €	+257%	127,9 k €	+237%	-93,1 k €	+79.6%	-455,6 k €	-210%	415,4 k €
Balance sheet
Equity	962,4 k €	+72.1%	559,1 k €	+15.2%	485,2 k €	-23.3%	632,3 k €	-44.6%	1,1 M €
Total assets	18,5 M €	+9.7%	16,9 M €	+28.2%	13,2 M €	+7.5%	12,3 M €	+9.8%	11,2 M €
Cash	1,5 M €	+5.3%	1,5 M €	+367%	313 k €	-49.1%	614,5 k €	-28.0%	853,4 k €
Debts	17,1 M €	+6.5%	16 M €	+27.7%	12,5 M €	+8.6%	11,6 M €	+16.3%	9,9 M €
Other
Workforce	89,5 ETP	+4.1%	86,0 ETP	-5.3%	90,8 ETP	-0.2%	91,0 ETP	+6.1%	85,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 77 ended

Active mandates

Adriana SAMPAIO

Mandate

Active

ANDREW WALKER

Mandate

Active

FRANK POHLEMANN

Mandate

Active

Passion4Excellence

Mandate · 0834.170.801

Represented by PAUL RYCKAERT

Active

SPARAXIS

Mandate · 0452.116.307

Represented by STEPHANIE MONTENAIR

Active

Wallonie Entreprendre

Mandate · 0793.630.244

Represented by ALEXIS VAN LEDE

Active

Ended mandates

LAURENT OUNOUGHA

Director · since 31 mars 2019 · until 02 mai 2023

Ended

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Chairman of the board of directors · since 15 octobre 2018 · until 02 mai 2023 · 0426.887.397

Represented by SARAH KRINS

Ended

ANOVI SA

Mandate · since 06 février 2018 · until 10 avril 2018

Represented by RENE JOST

Ended

AIRBUS DEFENSE AND SPACE SAS

Director · since 04 juillet 2017 · until 02 mai 2023

Represented by JEAN-YVES HELORET

Ended

Full financial information

Source · NBB

	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	22/05/2026	02/07/2025	02/07/2024	23/05/2023	18/05/2022	02/06/2021
General meeting	03/05/2026	05/05/2025	30/05/2024	08/05/2023	02/05/2022	03/05/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	03/05/2026	22/05/2026	French	PDF
Full model	31/12/2024	05/05/2025	02/07/2025	French	PDF
Full model	31/12/2023	30/05/2024	02/07/2024	French	PDF
Full model	31/12/2022	08/05/2023	23/05/2023	French	PDF
Full model	31/12/2021	02/05/2022	18/05/2022	French	PDF
Full model	31/12/2020	03/05/2021	02/06/2021	French	PDF
Full model	31/12/2019	04/05/2020	29/05/2020	French	PDF
Full model	31/12/2018	06/05/2019	08/05/2019	French	PDF
Full modelCorrection	31/12/2017	07/05/2018	19/02/2019	French	PDF
Full model	31/12/2017	07/05/2018	17/07/2018	French	PDF
Full model	31/12/2016	04/07/2017	20/07/2017	French	PDF
Full model	31/12/2015	02/05/2016	31/01/2017	French	PDF
Full model	31/12/2014	26/05/2015	29/09/2015	French	PDF
Full model	31/12/2013	27/06/2014	27/11/2014	French	PDF
Full model	31/12/2012	27/05/2013	12/03/2014	French	PDF
Full model	31/12/2011	07/05/2012	12/09/2012	French	PDF
Full model	31/12/2010	19/05/2011	29/08/2011	French	PDF
Full model	31/12/2009	21/05/2010	31/08/2010	French	PDF
Full model	31/12/2008	04/05/2009	27/05/2009	French	PDF
Full model	31/12/2007	27/06/2008	07/07/2008	French	PDF
Full model	31/12/2006	29/06/2007	16/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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

6 active · 77 ended

Active mandates

Adriana SAMPAIO

Mandate

Active

ANDREW WALKER

Mandate

Active

FRANK POHLEMANN

Mandate

Active

Passion4Excellence

Mandate · 0834.170.801

Represented by PAUL RYCKAERT

Active

SPARAXIS

Mandate · 0452.116.307

Represented by STEPHANIE MONTENAIR

Active

Wallonie Entreprendre

Mandate · 0793.630.244

Represented by ALEXIS VAN LEDE

Active

Ended mandates

LAURENT OUNOUGHA

Director · since 31 mars 2019 · until 02 mai 2023

Ended

SOCIETE WALLONNE DE GESTION ET DE PARTICIPATIONS

Chairman of the board of directors · since 15 octobre 2018 · until 02 mai 2023 · 0426.887.397

Represented by SARAH KRINS

Ended

ANOVI SA

Mandate · since 06 février 2018 · until 10 avril 2018

Represented by RENE JOST

Ended

AIRBUS DEFENSE AND SPACE SAS

Director · since 04 juillet 2017 · until 02 mai 2023

Represented by JEAN-YVES HELORET

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates23/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2024
DEMISSIONS, NOMINATIONS
PDF
Other17/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office31/05/2023
SIEGE SOCIAL
PDF
Mandates14/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/05/2022
DEMISSIONS, NOMINATIONS
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025457,3 k €↑
2024
Annual accounts 2024127,9 k €↑
2023
Annual accounts 2023-93,1 k €↑
2022
Annual accounts 2022-455,6 k €↓
2021
Annual accounts 2021415,4 k €↑
2019
Annual accounts 201953,8 k €↑
2018
Annual accounts 201810,9 k €↑
2017
Annual accounts 2017-2,5 M €↓
2016
Annual accounts 2016241,8 k €↑
2015
Annual accounts 2015202,2 k €↑
2014
Annual accounts 2014120,7 k €↓
2013
Annual accounts 2013194,2 k €↓
2012
Annual accounts 2012490,9 k €↑
2011
Annual accounts 2011384,9 k €↑
2010
Annual accounts 2010-100,5 k €↑
2009
Annual accounts 2009-250,9 k €↑
2008
Annual accounts 2008-336,6 k €↓
2007
Annual accounts 2007-188,3 k €↓
2006
Annual accounts 2006-181,1 k €
06/04/2001
IncorporationPublic limited company

EURO HEAT PIPES

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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