ACTIVE

H.A.P. Construct

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Financial year 2025 · closed on 31/12/2025
Net result
345,3 k €
-10.3% YoY
Gross margin
1,1 M €
+5.7% YoY
Equity
1,3 M €
+2.2% YoY
Workforce
6,3 ETP
+10.5% YoY

What does H.A.P. Construct do?

H.A.P. Construct is a Private limited company incorporated in 2015. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Tielt. It employs on average 6,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0642.650.635
Incorporation
04/11/2015
Legal form
Private limited company
Registered office
Careelstraat 4
8700 Tielt · FlandreSee on map
Contributed capital
50 000,00 €
Latest accounts
31/12/2025
Average workforce
6,3 ETP
Activities (NACE)
25120Manufacture of doors and windows of metal· main25120Manufacture of doors and windows of metal43320Joinery installation43320Joinery installation
Joint committees (4)
  • 124
  • 1240
  • 200
  • 2000
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 9 financial years

202520242023202220212019201820172016
Income statement
Gross margin1,1 M €1 M €731,2 k €558,6 k €511,1 k €651,3 k €566,8 k €287,2 k €318 k €
EBITDA621,2 k €641,7 k €448,1 k €318 k €231,4 k €401,1 k €322,7 k €136,5 k €177,9 k €
Operating result475,6 k €503,8 k €308,1 k €187,7 k €122,4 k €275,6 k €242,8 k €95,9 k €118,3 k €
Net result345,3 k €385 k €223 k €151,7 k €105,1 k €224,8 k €208,7 k €85,7 k €84,8 k €
Balance sheet
Equity1,3 M €1,3 M €1,1 M €922,5 k €770,8 k €651,6 k €428,4 k €220,5 k €134,8 k €
Total assets2 M €1,8 M €1,7 M €1,7 M €1,5 M €1,4 M €1,2 M €668,5 k €475,1 k €
Cash408 k €451 k €386,8 k €306,3 k €219,2 k €194,2 k €426,7 k €185,9 k €57,5 k €
Debts744 k €503 k €656,3 k €731,8 k €687,5 k €741,8 k €715,5 k €434,2 k €329,3 k €
Other
Workforce6,3 ETP5,7 ETP4,2 ETP4,3 ETP4,8 ETP4,0 ETP4,6 ETP3,3 ETP2,6 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 · 2 active · 3 ended

Active mandates

ANNELIEN DETOLLENAERE

Director · since 05 novembre 2015

Active
WOUTER VERBEERST

Director · since 04 novembre 2015

Active

Ended mandates

ANNELIEN DETOLLENAERE

Manager · since 05 novembre 2015

Ended
CHRISTIANE DETOLLENAERE ANNELIEN

Director · since 05 novembre 2015

Ended
WOUTER VERBEERST

Manager · since 05 novembre 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/08/202627/06/202529/08/202431/08/202331/08/202221/08/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202625/08/2026DutchPDF
Abridged model31/12/202427/06/202527/06/2025DutchPDF
Abridged model31/12/202328/06/202429/08/2024DutchPDF
Abridged model31/12/202230/06/202331/08/2023DutchPDF
Abridged model31/12/202124/06/202231/08/2022DutchPDF
Abridged model31/12/202025/06/202121/08/2021DutchPDF
Abridged model31/12/201926/06/202011/08/2020DutchPDF
Abridged model31/12/201828/06/201927/08/2019DutchPDF
Abridged model31/12/201729/06/201831/08/2018DutchPDF
Abridged model31/12/201630/06/201717/08/2017DutchPDF
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 · 2 active · 3 ended

Active mandates

ANNELIEN DETOLLENAERE

Director · since 05 novembre 2015

Active
WOUTER VERBEERST

Director · since 04 novembre 2015

Active

Ended mandates

ANNELIEN DETOLLENAERE

Manager · since 05 novembre 2015

Ended
CHRISTIANE DETOLLENAERE ANNELIEN

Director · since 05 novembre 2015

Ended
WOUTER VERBEERST

Manager · since 05 novembre 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/11/2023
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/11/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other06/11/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025345,3 k €↓
  2. 2024
    Annual accounts 2024385 k €↑
  3. 2023
    Annual accounts 2023223 k €↑
  4. 2022
    Annual accounts 2022151,7 k €↑
  5. 2021
    Annual accounts 2021105,1 k €↓
  6. 2019
    Annual accounts 2019224,8 k €↑
  7. 2018
    Annual accounts 2018208,7 k €↑
  8. 2017
    Annual accounts 201785,7 k €↑
  9. 2016
    Annual accounts 201684,8 k €
  10. 04/11/2015
    IncorporationPrivate limited company