ACTIVE

Hangar M

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Financial year 2025 · closed on 31/12/2025
Net result
563 k €
+23.7% YoY
Gross margin
51 k €
Equity
8,7 M €
+3.1% YoY

What does Hangar M do?

Hangar M is a Public limited company incorporated in 2019. Its main activity is: Construction of buildings. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0737.533.560
Incorporation
08/11/2019
Legal form
Public limited company
Registered office
Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
41003Construction of buildings· main41203Construction of residential and non-residential buildings64929Other credit granting64929Other credit granting
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin51 k €–––––
EBITDA50 k €-76,5 k €-15,6 k €-445,3 k €10 M €358,3 k €
Operating result50 k €-76,5 k €-15,6 k €-445,3 k €10 M €358,3 k €
Net result563 k €455 k €469,9 k €907,7 k €7,1 M €–
Balance sheet
Equity8,7 M €8,4 M €8,2 M €8 M €7,1 M €61,5 k €
Total assets75,5 M €77,3 M €79,2 M €82,8 M €84,2 M €32 M €
Cash542,3 k €484,3 k €422,5 k €1,9 M €2,7 M €1 M €
Debts66,8 M €68,9 M €70,9 M €74,7 M €77,1 M €31,9 M €
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 · 5 active · 8 ended

Active mandates

Astrid VAN DER HAEGEN

Director · since 22 décembre 2022 · until 13 juin 2028

Active
Gaëtan DENGIS

Director · since 22 décembre 2022 · until 13 juin 2028

Active
Kirsten DEKNOP

Director · since 22 décembre 2022 · until 13 juin 2028

Active
MARC VAN BEGIN

Director · since 22 décembre 2022 · until 13 juin 2028 · 0864.979.583

Represented by Marc VAN BEGIN

Active
Philippe MONSEREZ

Director · since 22 décembre 2022 · until 13 juin 2028

Active

Ended mandates

MARC VAN BEGIN

Director · since 22 décembre 2022 · until 13 juin 2028 · 0864.979.583

Represented by Marc Van Begin

Ended
DEMOCO GROUP

Director · since 07 novembre 2019 · until 10 juin 2025 · 0479.223.847

Represented by Philip Demot

Ended
DEMOCO GROUP

Director · since 07 novembre 2019 · until 10 juin 2025 · 0479.223.847

Represented by Philip Demot

Ended
FBConstruct

Director · since 07 novembre 2019 · until 10 juin 2025 · 0835.210.778

Represented by Frederik BIJNENS

Ended
At this address

Other companies at this address

CompanyCBE no.
ACA WERKRUIMTE● Active
0872.389.987
AG FINANCE● Active
0466.967.995
AG REAL ESTATE● Active
0403.231.968
AG Real Estate Asset Management● Active
0460.912.920
AG REAL ESTATE CAR PARK● Active
1010.617.858
AG REAL ESTATE CO-PRODUCTION IN DEVELOPMENT● Active
0825.540.571
AG REAL ESTATE COPRODUCTION IN DEVELOPMENT 2● Active
1009.685.767
AG REAL ESTATE FINANCE● Active
0445.949.679
AG REAL ESTATE LAND● Active
0417.389.515
AG Real Estate Projects● Active
0632.680.619
AG Real Estate Property Management● Active
0450.100.190
AG REAL ESTATE SHARED SERVICES● Active
0472.969.525
AG REAL ESTATE WESTINVEST● Active
0841.798.563
AG Real Estate Westloan● Active
0871.397.025
AG RE OFFICE INVEST I● Active
0747.926.418
AG Residential● Active
0794.337.651
AIRPORT DEVELOPMENT● Active
0694.728.846
Ambassade du Canada● Active
0933.395.762
ARLON 53● Active
0743.427.893
AXS NAMUR 2● Active
0715.892.563
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/10/2019
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 months15 months
Filing date12/06/202620/06/202514/06/202419/06/202311/07/202205/10/2021
General meeting09/06/202610/06/202511/06/202413/06/202324/06/202227/08/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202612/06/2026DutchPDF
Full model31/12/202410/06/202520/06/2025DutchPDF
Full model31/12/202311/06/202414/06/2024DutchPDF
Full model31/12/202213/06/202319/06/2023DutchPDF
Full model31/12/202124/06/202211/07/2022DutchPDF
Full model31/12/202027/08/202105/10/2021DutchPDF
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 · 5 active · 8 ended

Active mandates

Astrid VAN DER HAEGEN

Director · since 22 décembre 2022 · until 13 juin 2028

Active
Gaëtan DENGIS

Director · since 22 décembre 2022 · until 13 juin 2028

Active
Kirsten DEKNOP

Director · since 22 décembre 2022 · until 13 juin 2028

Active
MARC VAN BEGIN

Director · since 22 décembre 2022 · until 13 juin 2028 · 0864.979.583

Represented by Marc VAN BEGIN

Active
Philippe MONSEREZ

Director · since 22 décembre 2022 · until 13 juin 2028

Active

Ended mandates

MARC VAN BEGIN

Director · since 22 décembre 2022 · until 13 juin 2028 · 0864.979.583

Represented by Marc Van Begin

Ended
DEMOCO GROUP

Director · since 07 novembre 2019 · until 10 juin 2025 · 0479.223.847

Represented by Philip Demot

Ended
DEMOCO GROUP

Director · since 07 novembre 2019 · until 10 juin 2025 · 0479.223.847

Represented by Philip Demot

Ended
FBConstruct

Director · since 07 novembre 2019 · until 10 juin 2025 · 0835.210.778

Represented by Frederik BIJNENS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/10/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/11/2019
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Other13/11/2019
    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. 08/06/2026
    reconductionSinio BV — commissaris
  2. 2025
    Annual accounts 2025563 k €↑
  3. 2024
    Annual accounts 2024455 k €↓
  4. 2023
    Annual accounts 2023469,9 k €↓
  5. 13/06/2023
    nominationCVBA F.C.G. Bedrijfsrevisoren — commissaris
  6. 2022
    Annual accounts 2022907,7 k €↓
  7. 22/12/2022
    nominationBesloten vennootschap Marc Van Begin — Soort A bestuurder
  8. 22/12/2022
    nominationPhilippe Monserez — Soort A bestuurder
  9. 22/12/2022
    nominationKirsten Deknop — Soort B bestuurder
  10. 22/12/2022
    nominationAstrid van der Haegen — Soort B bestuurder
  11. 2021
    Annual accounts 20217,1 M €
  12. 2020
    Annual accounts 2020
  13. 08/11/2019
    IncorporationPublic limited company