ACTIVE

HAERENS GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

1,9 M €

-38.6% YoY

Revenue

115 k €

-30.3% YoY

Equity

18 M €

+11.6% YoY

What does HAERENS GROUP do?

HAERENS GROUP is a Private limited company incorporated in 2001. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.889.423

Incorporation

18/10/2001

Legal form

Private limited company

Registered office

Zeilschipstraat 9
9000 Gent · FlandreSee on map

Contributed capital

7 934 062,42 €

Latest accounts

31/12/2025

Joint committees (3)

149
14904
218

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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
Revenue	115 k €	-30.3%	165 k €	+51.4%	109 k €		–		–		–		–		–		–		–		–		–		–		2 M €		–		–		–		–		–		–
EBITDA	127,3 k €	+8030%	-1,6 k €	-102%	66,6 k €	+182%	23,6 k €	+2498%	-984,8 €	-355%	386,4 €	-97.8%	17,3 k €	+4593%	-384,6 €	-101%	44,4 k €	-54.1%	96,8 k €	+26.9%	76,3 k €	-65.8%	223,4 k €	-4.2%	233,2 k €	-12.5%	266,4 k €	-27.9%	369,4 k €	+237%	109,5 k €	+17.9%	92,9 k €	+63.4%	56,8 k €	+1718%	-3,5 k €	-150%	7 k €
Operating result	127,3 k €	+8030%	-1,6 k €	-103%	48,9 k €	+107%	23,6 k €	+2498%	-984,8 €	-355%	386,4 €	-97.7%	17 k €	+919%	1,7 k €	-95.6%	38 k €	-58.1%	90,8 k €	+26.3%	71,8 k €	-66.9%	216,7 k €	-3.2%	223,9 k €	-12.2%	255 k €	-28.7%	357,6 k €	+249%	102,4 k €	+16.6%	87,8 k €	+60.0%	54,9 k €	+1016%	-6 k €	-218%	5,1 k €
Net result	1,9 M €	-38.6%	3,1 M €	-32.2%	4,5 M €	+72.8%	2,6 M €	+305579%	-855,1 €	-2170%	41,3 €	-98.8%	3,4 k €	+205%	1,1 k €	-95.4%	23,9 k €	-62.2%	63,3 k €	+13.8%	55,6 k €	-61.3%	143,8 k €	-2.2%	147 k €	-15.0%	173 k €	-26.7%	236 k €	+238%	69,9 k €	+21.5%	57,5 k €	+53.4%	37,5 k €	+1237%	-3,3 k €	-217%	2,8 k €
Balance sheet
Equity	18 M €	+11.6%	16,2 M €	+7.0%	15,1 M €	+42.6%	10,6 M €	+32.7%	8 M €	+14213%	55,8 k €	+0.1%	55,7 k €	+6.5%	52,3 k €	+2.2%	51,2 k €	-88.0%	427,3 k €	+17.4%	364 k €	+18.0%	308,4 k €	+87.4%	164,6 k €	+838%	17,5 k €	-92.8%	244,5 k €	+31.1%	186,5 k €	+60.0%	116,6 k €	+97.4%	59,1 k €	+174%	21,6 k €	-13.3%	24,9 k €
Total assets	31 M €	+26.1%	24,6 M €	+16.3%	21,1 M €	+22.5%	17,2 M €	+56.7%	11 M €	+13042%	83,8 k €	-74.2%	324,9 k €	-10.7%	363,9 k €	-52.8%	770,9 k €	+9.6%	703,4 k €	+58.7%	443,4 k €	+15.4%	384,3 k €	+12.9%	340,4 k €	-49.9%	679,1 k €	+3.8%	654,5 k €	+81.3%	361 k €	-23.2%	469,9 k €	+244%	136,6 k €	+77.8%	76,8 k €	-36.5%	121,1 k €
Cash	19,5 k €	-75.3%	79 k €	+228%	24,1 k €	+14.5%	21 k €	-39.9%	35 k €	+1789%	1,9 k €	-68.1%	5,8 k €	-39.9%	9,7 k €	+35.5%	7,1 k €	-97.7%	316 k €	+101%	157,5 k €	-8.7%	172,5 k €	+232%	52 k €	-79.6%	254,3 k €	-2.5%	260,7 k €	+278%	69 k €	-28.7%	96,7 k €	+127%	42,6 k €	-9.0%	46,8 k €	+129938%	36 €
Debts	12,9 M €	+53.9%	8,4 M €	+39.7%	6 M €	-9.6%	6,6 M €	+120%	3 M €	+10708%	28 k €	-89.6%	269,1 k €	-13.6%	311,6 k €	-56.7%	719,6 k €	+162%	275,2 k €	+251%	78,5 k €	+4.6%	75 k €	-57.1%	174,9 k €	-73.5%	660,6 k €	+61.5%	409,1 k €	+134%	174,5 k €	-50.5%	352,4 k €	+359%	76,8 k €	+40.9%	54,5 k €	-42.8%	95,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+233%	0,3 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

Eribel

Director · since 28 septembre 2023 · 0401.077.182

Represented by Steven De Tollenaere

Active

Ended mandates

Carole Machelart

Managing director · since 13 juillet 2020 · until 28 septembre 2023

Ended

Carole Machelart

Managing director · since 13 juillet 2020

Ended

Steven De Tollenaere

Managing director · since 13 juillet 2020 · until 28 septembre 2023

Ended

Steven De Tollenaere

Managing director · since 13 juillet 2020

Ended

At this address

Other companies at this address

Company	CBE no.
CHARLES HAERENS● Active	0400.089.465
Eribel Project● Active	0822.092.816
ERIBEL SOLID● Active	0765.664.055
HAERENS GLASS● Active	0443.722.837
Immo Rijkevorsel● Active	1021.147.704
Immo Wondelgemse Meersen● Active	0728.597.385
Meyvaert● Active	0400.098.274
NOORDLEASE● Active	0884.693.349

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full 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	15/07/2026	16/07/2025	12/07/2024	04/07/2023	07/07/2022	15/07/2021
General meeting	25/06/2026	23/06/2025	11/07/2024	27/06/2023	28/06/2022	29/06/2021
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	25/06/2026	15/07/2026	Dutch	PDF
Full model	31/12/2024	23/06/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	11/07/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	28/06/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	29/06/2021	15/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	18/07/2019	Dutch	PDF
Abridged model	31/12/2017	26/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	27/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/06/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	24/06/2014	26/08/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	25/06/2013	19/09/2013	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	16/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/06/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	26/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 12 ended

Active mandates

Eribel

Director · since 28 septembre 2023 · 0401.077.182

Represented by Steven De Tollenaere

Active

Ended mandates

Carole Machelart

Managing director · since 13 juillet 2020 · until 28 septembre 2023

Ended

Carole Machelart

Managing director · since 13 juillet 2020

Ended

Steven De Tollenaere

Managing director · since 13 juillet 2020 · until 28 septembre 2023

Ended

Steven De Tollenaere

Managing director · since 13 juillet 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other30/10/2025
DIVERSEN
PDF
Mandates24/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring14/02/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates25/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/10/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Other22/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other14/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING
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 20251,9 M €↓
2024
Annual accounts 20243,1 M €↓
2023
Annual accounts 20234,5 M €↑
2022
Annual accounts 20222,6 M €↑
2021
Annual accounts 2021-855,1 €↓
2020
Annual accounts 202041,3 €↓
2020
Name changeHaerens Group
2019
Annual accounts 20193,4 k €↑
2018
Annual accounts 20181,1 k €↓
2017
Annual accounts 201723,9 k €↓
2016
Annual accounts 201663,3 k €↑
2016
Name changeALTO SECURITY
2015
Annual accounts 201555,6 k €↓
2014
Annual accounts 2014143,8 k €↓
2013
Annual accounts 2013147 k €↓
2012
Annual accounts 2012173 k €↓
2011
Annual accounts 2011236 k €↑
2010
Annual accounts 201069,9 k €↑
2009
Annual accounts 200957,5 k €↑
2008
Annual accounts 200837,5 k €↑
2007
Annual accounts 2007-3,3 k €↓
2006
Annual accounts 20062,8 k €
2006
Name changeB to B CONSULT
18/10/2001
IncorporationPrivate 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

HAERENS GROUP

Overview

What does HAERENS GROUP 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