ACTIVE

HESTERS

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Financial year 2025 · closed on 31/12/2025

Net result

988,5 k €

+1006.0% YoY

Gross margin

590,4 k €

+8.8% YoY

Equity

1,7 M €

+130.0% YoY

Workforce

3,2 ETP

-23.8% YoY

What does HESTERS do?

HESTERS is a Private limited company incorporated in 2002. Its registered office is in Zelzate. It employs on average 3,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.171.783

Incorporation

24/12/2002

Legal form

Private limited company

Registered office

Michel Gillemanstraat 6
9060 Zelzate · FlandreSee on map

Contributed capital

32 400,00 €

Latest accounts

31/12/2025

Average workforce

3,2 ETP

Joint committees (1)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	590,4 k €	+8.8%	542,6 k €	+30.8%	415 k €	+1.8%	407,5 k €	-33.8%	615,4 k €	-9.7%	681,2 k €	+4.2%	654,1 k €	+7.0%	611,3 k €	+8.1%	565,7 k €	-36.0%	883,5 k €	-9.6%	977,7 k €	+21.8%	803 k €	+14.5%	701,6 k €	-9.6%	775,8 k €	+28.0%	606,3 k €	+22.5%	494,9 k €	+2.7%	481,8 k €	+20.9%	398,6 k €	+71.0%	233,2 k €	+6.0%	220 k €
EBITDA	314,8 k €	+53.9%	204,6 k €	+174%	74,7 k €	-7.4%	80,7 k €	-76.9%	348,6 k €	-25.4%	467,2 k €	+1.0%	462,4 k €	+5.6%	438,1 k €	+7.3%	408,3 k €	-38.1%	659,3 k €	-17.4%	798,3 k €	+22.1%	654 k €	+49.3%	438,1 k €	-28.4%	611,7 k €	+20.5%	507,8 k €	+22.0%	416,3 k €	+13.4%	367,3 k €	+60.8%	228,3 k €	+81.6%	125,8 k €	+3.4%	121,6 k €
Operating result	312,7 k €	+72.6%	181,2 k €	+219%	56,7 k €	-29.7%	80,7 k €	-76.9%	348,6 k €	-25.3%	467 k €	+1.0%	462,3 k €	+7.5%	429,8 k €	+7.4%	400,1 k €	-35.1%	616,7 k €	-17.7%	749 k €	+23.8%	604,8 k €	+60.5%	376,9 k €	-29.5%	534,8 k €	+37.5%	388,9 k €	+29.1%	301,3 k €	+140%	125,7 k €	+42.8%	88 k €	+489%	-22,7 k €	-170%	32,6 k €
Net result	988,5 k €	+1006%	89,4 k €	+828%	9,6 k €	-45.2%	17,6 k €	-91.9%	216,2 k €	-37.3%	344,6 k €	-13.9%	400,3 k €	+7.2%	373,3 k €	+9.2%	342 k €	-41.3%	582,2 k €	-12.8%	667,3 k €	+26.8%	526,4 k €	+61.5%	325,9 k €	-28.9%	458,2 k €	+61.2%	284,2 k €	+270%	76,8 k €	+57.9%	48,7 k €	+50.0%	32,4 k €	+124%	-132,9 k €	-3573%	3,8 k €
Balance sheet
Equity	1,7 M €	+130%	753,7 k €	+12.8%	668,1 k €	+12.3%	595,1 k €	+3.0%	577,5 k €	+18.4%	487,7 k €	+42.1%	343,1 k €	+17.2%	292,8 k €	+1.1%	289,5 k €	+16.9%	247,5 k €	+3.0%	240,4 k €	+38.9%	173 k €	+22.1%	141,7 k €	+0.6%	140,8 k €	+70.4%	82,6 k €	+70.8%	48,4 k €	+53.4%	31,5 k €	+284%	-17,1 k €	+65.4%	-49,6 k €	-159%	83,3 k €
Total assets	2,6 M €	+104%	1,3 M €	+16.8%	1,1 M €	-19.7%	1,4 M €	-19.1%	1,7 M €	+16.2%	1,5 M €	+16.4%	1,3 M €	+6.1%	1,2 M €	-1.9%	1,2 M €	-2.0%	1,2 M €	-3.3%	1,3 M €	-15.0%	1,5 M €	+6.6%	1,4 M €	-12.5%	1,6 M €	+12.9%	1,4 M €	+14.7%	1,2 M €	-4.5%	1,3 M €	+7.2%	1,2 M €	+8.5%	1,1 M €	+67.5%	665,2 k €
Cash	253 k €	+361711%	69,9 €	+32.5%	52,8 €	-98.7%	4,1 k €	+1278%	296,4 €	-69.5%	972 €	+536%	152,8 €	-93.8%	2,5 k €	+24836%	9,8 €	-100.0%	20,5 k €	+584%	3 k €	-20.5%	3,8 k €	+17.3%	3,2 k €	-90.6%	34,3 k €	+1144%	2,8 k €	+191%	945,3 €	-91.9%	11,6 k €	+1335%	809,5 €	-47.3%	1,5 k €	-84.4%	9,8 k €
Debts	890,9 k €	+68.4%	528,9 k €	+22.9%	430,4 k €	-44.1%	769,3 k €	-30.7%	1,1 M €	+14.7%	968,2 k €	+6.7%	907 k €	+2.4%	885,4 k €	-3.1%	913,2 k €	-6.7%	978,7 k €	-4.0%	1 M €	-22.1%	1,3 M €	+4.6%	1,3 M €	-14.1%	1,5 M €	+9.1%	1,3 M €	+12.4%	1,2 M €	-5.3%	1,3 M €	+3.2%	1,2 M €	+5.7%	1,2 M €	+99.3%	577,2 k €
Other
Workforce	3,2 ETP	-23.8%	4,2 ETP	-12.5%	4,8 ETP	0.0%	4,8 ETP	-5.9%	5,1 ETP	+10.9%	4,6 ETP	+12.2%	4,1 ETP	-2.4%	4,2 ETP	+31.3%	3,2 ETP	-25.6%	4,3 ETP	+7.5%	4,0 ETP	+21.2%	3,3 ETP	-40.0%	5,5 ETP	+25.0%	4,4 ETP	+83.3%	2,4 ETP	+26.3%	1,9 ETP	-29.6%	2,7 ETP	-30.8%	3,9 ETP	+44.4%	2,7 ETP	+3.8%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Christophe DE CONINCK

Director · since 01 juin 2016

Active

IMMO HESTERS

Director · since 05 avril 2003 · 0479.000.648

Represented by Christ HESTERS

Active

Ended mandates

Christophe DE CONINCK

Manager · since 01 juin 2016

Ended

Els MEYVAERT

Director · since 01 juin 2016 · until 14 janvier 2020

Ended

Els MEYVAERT

Director · since 01 juin 2016 · until 17 janvier 2020

Ended

Els MEYVAERT

Manager · since 01 juin 2016

Ended

At this address

Other companies at this address

Company	CBE no.
GROEP HESTERS● Active	0649.730.645
IMMO HESTERS● Active	0479.000.648

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	18/05/2026	06/05/2025	04/06/2024	15/06/2023	30/06/2022	07/06/2021
General meeting	05/05/2026	30/04/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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	05/05/2026	18/05/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	06/05/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	04/06/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	20/08/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	27/08/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	10/06/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	10/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	03/07/2012	Dutch	PDF
Abridged model	31/12/2010	25/08/2011	28/09/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	10/09/2009	13/10/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	25/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	22/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Christophe DE CONINCK

Director · since 01 juin 2016

Active

IMMO HESTERS

Director · since 05 avril 2003 · 0479.000.648

Represented by Christ HESTERS

Active

Ended mandates

Christophe DE CONINCK

Manager · since 01 juin 2016

Ended

Els MEYVAERT

Director · since 01 juin 2016 · until 14 janvier 2020

Ended

Els MEYVAERT

Director · since 01 juin 2016 · until 17 janvier 2020

Ended

Els MEYVAERT

Manager · since 01 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/08/2023
BENAMING - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2009
ONTSLAGEN - BENOEMINGEN
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 2025988,5 k €↑
2024
Annual accounts 202489,4 k €↑
2023
Annual accounts 20239,6 k €↓
2023
Name changeHESTERS
2022
Annual accounts 202217,6 k €↓
2021
Annual accounts 2021216,2 k €↓
2021
Name changeHESCO
2020
Annual accounts 2020344,6 k €↓
2019
Annual accounts 2019400,3 k €↑
2018
Annual accounts 2018373,3 k €↑
2017
Annual accounts 2017342 k €↓
2016
Annual accounts 2016582,2 k €↓
2015
Annual accounts 2015667,3 k €↑
2014
Annual accounts 2014526,4 k €↑
2013
Annual accounts 2013325,9 k €↓
2012
Annual accounts 2012458,2 k €↑
2011
Annual accounts 2011284,2 k €↑
2010
Annual accounts 201076,8 k €↑
2009
Annual accounts 200948,7 k €↑
2008
Annual accounts 200832,4 k €↑
2007
Annual accounts 2007-132,9 k €↓
2006
Annual accounts 20063,8 k €
24/12/2002
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

HESTERS

Overview

What does HESTERS 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