ACTIVE

HeCoS

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Financial year 2025 · closed on 31/12/2025

Net result

-61,5 k €

-1666.8% YoY

Revenue

575,5 k €

+346.5% YoY

Equity

2,4 M €

+19.7% YoY

What does HeCoS do?

HeCoS is a Public limited company incorporated in 2021. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Saint-Josse-ten-Noode.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0770.429.131

Incorporation

29/06/2021

Legal form

Public limited company

Registered office

Boulevard du Roi Albert II 19
1210 Saint-Josse-ten-Noode · BruxellesSee on map

Contributed capital

2 000 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 81100Combined facilities support activities 81100Combined facilities support activities

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 4 financial years

	2025		2024		2023		2022
Income statement
Revenue	575,5 k €	+347%	128,9 k €	-13.6%	149,1 k €	+15.3%	129,4 k €
EBITDA	173 k €	+4189%	-4,2 k €	-109%	47,8 k €	+193%	16,3 k €
Operating result	-72,7 k €	-183%	-25,7 k €	-197%	26,4 k €	+479%	-7 k €
Net result	-61,5 k €	-1667%	3,9 k €	-84.3%	24,9 k €	+406%	-8,1 k €
Balance sheet
Equity	2,4 M €	+19.7%	2 M €	+0.2%	2 M €	+310%	491,9 k €
Total assets	5,9 M €	+132%	2,5 M €	+24.2%	2 M €	+304%	505,2 k €
Cash	356,6 k €	-34.3%	542,8 k €	-49.5%	1,1 M €	+276%	286,1 k €
Debts	3 M €	+520%	487,2 k €	+2040%	22,8 k €	+70.8%	13,3 k €

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 · 4 active · 4 ended

Active mandates

WE Environnement

Chairman of the board of directors · since 03 décembre 2024 · until 15 juin 2028 · 0426.516.918

Represented by Regis VANKERKOVE

Active

SPARAXIS

Director · since 11 mai 2023 · until 21 juin 2029 · 0452.116.307

Represented by Françoise NIRVALET

Active

Grégory Tilte

Managing director · since 29 juin 2021 · until 17 juin 2027

Active

Natalie DEWULF

Director · since 29 juin 2021 · until 17 juin 2027

Active

Ended mandates

SAMANDA

Chairman of the board of directors · since 11 mai 2023 · until 21 juin 2029 · 0480.028.848

Represented by Regis VANKERKOVE

Ended

Xavier Allard

Director · since 12 mai 2022 · until 11 mai 2023

Ended

Cédric Hannaert

Director · since 29 juin 2021 · until 12 mai 2022

Ended

Natalie DEWULF

Chairman of the board of directors · since 29 juin 2021 · until 17 juin 2027

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022
Type of account	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	29/06/2021
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Length of the financial year	12 months	12 months	12 months	19 months
Filing date	02/07/2026	25/06/2025	08/07/2024	01/08/2023
General meeting	29/06/2026	19/06/2025	20/06/2024	15/06/2023
Currency of the financial year	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	02/07/2026	French	PDF
Full model	31/12/2024	19/06/2025	25/06/2025	French	PDF
Full model	31/12/2023	20/06/2024	08/07/2024	French	PDF
Full model	31/12/2023	20/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	15/06/2023	01/08/2023	French	PDF
Full model	31/12/2022	15/06/2023	20/07/2023	Dutch	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 · 4 active · 4 ended

Active mandates

WE Environnement

Chairman of the board of directors · since 03 décembre 2024 · until 15 juin 2028 · 0426.516.918

Represented by Regis VANKERKOVE

Active

SPARAXIS

Director · since 11 mai 2023 · until 21 juin 2029 · 0452.116.307

Represented by Françoise NIRVALET

Active

Grégory Tilte

Managing director · since 29 juin 2021 · until 17 juin 2027

Active

Natalie DEWULF

Director · since 29 juin 2021 · until 17 juin 2027

Active

Ended mandates

SAMANDA

Chairman of the board of directors · since 11 mai 2023 · until 21 juin 2029 · 0480.028.848

Represented by Regis VANKERKOVE

Ended

Xavier Allard

Director · since 12 mai 2022 · until 11 mai 2023

Ended

Cédric Hannaert

Director · since 29 juin 2021 · until 12 mai 2022

Ended

Natalie DEWULF

Chairman of the board of directors · since 29 juin 2021 · until 17 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other03/09/2026
DIVERS
PDF
Other03/09/2026
DIVERS
PDF
Other18/02/2026
DIVERSEN
PDF
Other18/02/2026
DIVERS
PDF
Mandates11/08/2025
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/08/2025
DIVERS - DEMISSIONS, NOMINATIONS
PDF
Other06/08/2024
DIVERSEN
PDF
Other06/08/2024
DIVERS
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 2025-61,5 k €↓
2024
Annual accounts 20243,9 k €↓
2023
Annual accounts 202324,9 k €↑
2022
Annual accounts 2022-8,1 k €
29/06/2021
IncorporationPublic 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

HeCoS

Overview

What does HeCoS do?

Trend over 4 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