ACTIVE

HR Coating

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Financial year 2025 · Closed on 31/12/2025

Net result544 k €+63,0 %over 1 year
Gross margin1,3 M €+54,2 %over 1 year
Equity1,4 M €-11,7 %over 1 year
Workforce5,8 ETP+56,8 %over 1 year

Identity

Source · BCE/KBO

HR Coating is a Private limited company incorporated in 2009. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Pelt. It employs on average 5,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0810.268.813
Incorporation
06/03/2009
Legal form
Private limited company
Registered office
Haltstraat 88
3900 Pelt · FlandreSee on map
Contributed capital
50 000,00 €
Latest accounts
31/12/2025
Average workforce
5,8 ETP
Joint committees (1)
  • 11101
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 13 financial years

20252024202320222021
Income statement
Gross margin1,3 M €847 k €1,6 M €245 k €558,1 k €
EBITDA966,7 k €615 k €1,3 M €100,4 k €401,4 k €
Operating result735,3 k €385 k €1,2 M €51,4 k €356 k €
Net result544 k €333,7 k €879,9 k €50,8 k €286,6 k €
Balance sheet
Equity1,4 M €1,5 M €1,3 M €1 M €983,3 k €
Total assets2,6 M €2,4 M €2,7 M €1,9 M €1,6 M €
Cash960 k €450,1 k €923,7 k €260,6 k €780 k €
Debts1,2 M €787,2 k €1,4 M €862,7 k €602,2 k €
Other
Workforce5,8 ETP3,7 ETP4,0 ETP3,0 ETP2,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Matteo Hendrikx
Directorsince 01/05/2023Bestuurder01/05/2023 → 2023 accountsended
Ronny Hendrikx
Directorsince 06/03/2009Bestuurder12/11/2020 → 2023 accountsendedManager06/03/2009 → 2018 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Els Aarts
Bestuurder12/11/2020 → 2021 accountsDirector06/03/2009 → 2020 accounts
Elisabeth AARTS
Manager06/03/2009 → 2013 accounts

Other companies at this address

Haltstraat 88 3900 Pelt
CompanyCBE no.
HR VLIEGENRAMEN EN -DEUREN● Active
0461.145.720

Full financial information

Source · NBB
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 date16/06/202610/06/202524/06/202422/06/202304/07/202231/05/2021
General meeting15/06/202609/06/202531/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202616/06/2026DutchPDF
Abridged model31/12/202409/06/202510/06/2025DutchPDF
Abridged model31/12/202331/05/202424/06/2024DutchPDF
Abridged model31/12/202226/05/202322/06/2023DutchPDF
Abridged model31/12/202127/05/202204/07/2022DutchPDF
Abridged model31/12/202028/05/202131/05/2021DutchPDF
Abridged model31/12/201929/05/202009/07/2020DutchPDF
Abridged model31/12/201831/05/201919/07/2019DutchPDF
Abridged model31/12/201725/05/201827/06/2018DutchPDF
Abridged model31/12/201626/05/201703/08/2017DutchPDF
Abridged model31/12/201527/05/201612/07/2016DutchPDF
Abridged model31/12/201429/05/201525/06/2015DutchPDF
Abridged model31/12/201330/05/201405/06/2014DutchPDF
Abridged model31/12/201231/05/201324/06/2013DutchPDF
Abridged model31/12/201125/05/201202/07/2012DutchPDF
Abridged model31/12/201027/05/201127/06/2011DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Matteo Hendrikx
Directorsince 01/05/2023Bestuurder01/05/2023 → 2023 accountsended
Ronny Hendrikx
Directorsince 06/03/2009Bestuurder12/11/2020 → 2023 accountsendedManager06/03/2009 → 2018 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Els Aarts
Bestuurder12/11/2020 → 2021 accountsDirector06/03/2009 → 2020 accounts
Elisabeth AARTS
Manager06/03/2009 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/12/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
    PDF
  • Other10/03/2009
    Oprichting
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings13 filings
Mandates
Matteo Hendrikx
Ronny Hendrikx
Els Aarts
Elisabeth AARTS
200920102011201220132014201520162017201820192020202120222023202420252026
HR Coating
Haltstraat 88, 3900 Pelt
Director
DirectorBestuurderManager
DirectorManager
Manager
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Haltstraat 88, 3900 PeltCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00165758

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
HR CoatingCurrent
accounts 2010 → 2025
Accounts 2025 · 2026-00165758

Events

  1. 2025
    Annual accounts 2025544 k €↑
  2. 2024
    Annual accounts 2024333,7 k €↓
  3. 2023
    Annual accounts 2023879,9 k €↑
  4. 2022
    Annual accounts 202250,8 k €↓
  5. 2021
    Annual accounts 2021286,6 k €↓
  6. 2017
    Annual accounts 2017297,8 k €↓
  7. 2016
    Annual accounts 2016444,3 k €↓
  8. 2015
    Annual accounts 2015485 k €↑
  9. 2014
    Annual accounts 2014239,1 k €↑
  10. 2013
    Annual accounts 2013229,8 k €↓
  11. 2012
    Annual accounts 2012250,6 k €↓
  12. 2011
    Annual accounts 2011277,7 k €↑
  13. 2010
    Annual accounts 201098,4 k €
  14. 06/03/2009
    IncorporationPrivate limited company