ACTIVE

HesbEnergie

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Financial year 2025 · closed on 31/12/2025

Net result

143,9 k €

-51.2% YoY

Gross margin

-55,1 k €

-304.3% YoY

Equity

3,4 M €

+16.7% YoY

Workforce

1,1 ETP

What does HesbEnergie do?

HesbEnergie is a Cooperative society incorporated in 2013. Its main activity is: Production of electricity. Its registered office is in Orp-Jauche. It employs on average 1,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0542.748.157

Incorporation

29/11/2013

Legal form

Cooperative society

Registered office

Rue du Chemin de Fer(O) 4
1350 Orp-Jauche · WallonieSee on map

Contributed capital

2 821 306,60 €

Latest accounts

31/12/2025

Average workforce

1,1 ETP

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 35140Trade of electricity 35150Electric power generation, transmission and distribution 94999Activities of other membership organisations n.e.c.94999Activities of other membership organisations n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	-55,1 k €	-304%	27 k €	+596%	-5,4 k €	-117%	31,7 k €	+3489%	-934,7 €	+85.3%	-6,4 k €	-484%	1,7 k €	+132%	-5,3 k €	-131%	-2,3 k €	+20.5%	-2,9 k €	-32.8%	-2,2 k €	-2.8%	-2,1 k €
EBITDA	-153,6 k €	-470%	-26,9 k €	+18.5%	-33 k €	-208%	30,6 k €	+1549%	-2,1 k €	+71.3%	-7,4 k €	-719%	1,2 k €	+121%	-5,7 k €	-99.0%	-2,9 k €	+15.2%	-3,4 k €	-26.7%	-2,7 k €	-7.4%	-2,5 k €
Operating result	-210,6 k €	-208%	-68,4 k €	+8.7%	-74,9 k €	-612%	-10,5 k €	+19.1%	-13 k €	+3.4%	-13,5 k €	-190%	-4,6 k €	+47.6%	-8,9 k €	-152%	-3,5 k €	+12.8%	-4 k €	-43.9%	-2,8 k €	+45.7%	-5,1 k €
Net result	143,9 k €	-51.2%	294,7 k €	+250%	84,3 k €	-54.6%	185,7 k €	+412%	36,3 k €	+541%	-8,2 k €	-73.1%	-4,8 k €	+45.3%	-8,7 k €	-595%	-1,3 k €	+60.0%	-3,1 k €	-13.2%	-2,8 k €	+46.1%	-5,1 k €
Balance sheet
Equity	3,4 M €	+16.7%	2,9 M €	+12.0%	2,6 M €	+7.5%	2,4 M €	+24.2%	2 M €	+6.4%	1,8 M €	+92.2%	957 k €	+28.2%	746,7 k €	+12.4%	664,1 k €	+25.3%	530,1 k €	+64.4%	322,5 k €	+552%	49,5 k €
Total assets	4,7 M €	+40.2%	3,3 M €	+11.5%	3 M €	+0.3%	3 M €	+21.4%	2,5 M €	+33.9%	1,8 M €	+92.3%	958,1 k €	+21.8%	786,8 k €	+16.3%	676,3 k €	+25.1%	540,6 k €	+57.0%	344,3 k €	+591%	49,8 k €
Cash	221,5 k €	-60.9%	566,2 k €	-41.9%	975,2 k €	+139%	407,9 k €	+257%	114,1 k €	-72.9%	421,7 k €	+199%	141 k €	+157%	54,9 k €	+402%	10,9 k €	-32.7%	16,3 k €	+0.2%	16,2 k €	+513%	2,7 k €
Debts	1,3 M €	+203%	420,7 k €	+8.3%	388,3 k €	-31.0%	562,6 k €	+10.5%	509,1 k €	+20397%	2,5 k €	+140%	1 k €	-97.4%	40,2 k €	+230%	12,2 k €	+16.2%	10,5 k €	-52.0%	21,8 k €	+7103%	303,2 €
Other
Workforce	1,1 ETP		–		0,5 ETP		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 47 ended

Active mandates

Carol Pisula

Mandate

Active

Donatienne Portugaels

Mandate

Active

Emmanuel Mertens

Mandate

Active

Muriel Flamand

Mandate

Active

Olivier Nagelmackers

Mandate

Active

Philippe Bajoit

Mandate

Active

Stéphane De Walque

Mandate

Active

Valérie Magerus

Mandate

Active

Ended mandates

Bernard DEBOYSER

Director · since 29 mai 2021 · until 28 mai 2025

Ended

Emmanuel Mertens

Director · since 29 mai 2021

Ended

Emmanuel MERTENS

Director · since 29 mai 2021 · until 28 mai 2025

Ended

Grégoire Reginster

Director · since 29 mai 2021

Ended

At this address

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Company	CBE no.
B2 Capital● Active	1040.704.882
MOULIN DE MARET CONSULT● Active	0890.847.802

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Abridged model	Micro model	Micro model	Micro 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	19/08/2026	23/07/2025	30/08/2024	30/06/2023	07/06/2022	22/06/2021
General meeting	11/04/2026	05/04/2025	13/04/2024	20/05/2023	07/05/2022	29/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/04/2026	19/08/2026	French	PDF
Micro model	31/12/2024	05/04/2025	23/07/2025	French	PDF
Abridged model	31/12/2023	13/04/2024	30/08/2024	French	PDF
Micro model	31/12/2022	20/05/2023	30/06/2023	French	PDF
Micro model	31/12/2021	07/05/2022	07/06/2022	French	PDF
Micro model	31/12/2020	29/05/2021	22/06/2021	French	PDF
Micro model	31/12/2019	05/09/2020	01/10/2020	French	PDF
Micro model	31/12/2018	11/05/2019	07/06/2019	French	PDF
Micro model	31/12/2017	05/05/2018	31/05/2018	French	PDF
Micro model	31/12/2016	06/05/2017	30/05/2017	French	PDF
Abridged model	31/12/2015	21/05/2016	31/05/2016	French	PDF
Abridged model	31/12/2014	09/05/2015	03/06/2015	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 47 ended

Active mandates

Carol Pisula

Mandate

Active

Donatienne Portugaels

Mandate

Active

Emmanuel Mertens

Mandate

Active

Muriel Flamand

Mandate

Active

Olivier Nagelmackers

Mandate

Active

Philippe Bajoit

Mandate

Active

Stéphane De Walque

Mandate

Active

Valérie Magerus

Mandate

Active

Ended mandates

Bernard DEBOYSER

Director · since 29 mai 2021 · until 28 mai 2025

Ended

Emmanuel Mertens

Director · since 29 mai 2021

Ended

Emmanuel MERTENS

Director · since 29 mai 2021 · until 28 mai 2025

Ended

Grégoire Reginster

Director · since 29 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/01/2026
DEMISSIONS, NOMINATIONS
PDF
Registered office24/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DIVERS - OBJET - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Mandates28/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2017
DEMISSIONS, NOMINATIONS
PDF
Other17/12/2013
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025143,9 k €↓
2024
Annual accounts 2024294,7 k €↑
2023
Annual accounts 202384,3 k €↓
2022
Annual accounts 2022185,7 k €↑
2021
Annual accounts 202136,3 k €↑
2020
Annual accounts 2020-8,2 k €↓
2019
Annual accounts 2019-4,8 k €↑
2018
Annual accounts 2018-8,7 k €↓
2017
Annual accounts 2017-1,3 k €↑
2016
Annual accounts 2016-3,1 k €↓
2015
Annual accounts 2015-2,8 k €↑
2014
Annual accounts 2014-5,1 k €
29/11/2013
IncorporationCooperative society

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

HesbEnergie

Overview

What does HesbEnergie do?

Trend over 12 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