HR Coating
0810.268.813 · rovalta.com · 22/09/2026
ACTIVE
HR Coating
Financial year 2025 · closed on 31/12/2025
Net result
544 k €
+63.0% YoY
Gross margin
1,3 M €
+54.2% YoY
Equity
1,4 M €
-11.7% YoY
Workforce
5,8 ETP
+56.8% YoY
Overview
What does HR Coating do?
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
3900 Pelt · FlandreSee on map
Contributed capital
50 000,00 €
Latest accounts
31/12/2025
Average workforce
5,8 ETP
Activities (NACE)
25401Manufacture of weapons and ammunition· main25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy25510Forging, pressing, stamping and roll-forming of metal; powder metallurgy25610Treatment and coating of metals25402Manufacture of weapons and ammunition25502Forging, pressing, stamping and roll-forming of metal; powder metallurgy+4
Joint committees (1)
- 11101
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 13 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||
| Gross margin | 1,3 M € | +54.2% | 847 k € | -46.9% | 1,6 M € | +551% | 245 k € | -56.1% | 558,1 k € | -6.0% | 593,6 k € | -26.9% | 812 k € | -5.2% | 856,7 k € | +87.4% | 457,1 k € | +3.5% | 441,7 k € | -9.0% | 485,3 k € | -6.1% | 516,7 k € | +93.5% | 267 k € |
| EBITDA | 966,7 k € | +57.2% | 615 k € | -54.4% | 1,3 M € | +1244% | 100,4 k € | -75.0% | 401,4 k € | -7.6% | 434,3 k € | -37.1% | 690,6 k € | -8.5% | 754,9 k € | +96.2% | 384,7 k € | +6.2% | 362,1 k € | -9.4% | 399,7 k € | -11.5% | 451,4 k € | +139% | 189,2 k € |
| Operating result | 735,3 k € | +91.0% | 385 k € | -66.9% | 1,2 M € | +2161% | 51,4 k € | -85.6% | 356 k € | -13.7% | 412,7 k € | -38.3% | 669,2 k € | -8.8% | 733,8 k € | +105% | 358,2 k € | +6.7% | 335,5 k € | -10.0% | 373 k € | -12.2% | 424,7 k € | +174% | 155,2 k € |
| Net result | 544 k € | +63.0% | 333,7 k € | -62.1% | 879,9 k € | +1632% | 50,8 k € | -82.3% | 286,6 k € | -3.8% | 297,8 k € | -33.0% | 444,3 k € | -8.4% | 485 k € | +103% | 239,1 k € | +4.1% | 229,8 k € | -8.3% | 250,6 k € | -9.8% | 277,7 k € | +182% | 98,4 k € |
| Balance sheet | |||||||||||||||||||||||||
| Equity | 1,4 M € | -11.7% | 1,5 M € | +22.3% | 1,3 M € | +21.3% | 1 M € | +5.2% | 983,3 k € | +80.2% | 545,6 k € | -0.8% | 549,8 k € | +0.8% | 545,5 k € | +0.0% | 545,5 k € | -0.2% | 546,4 k € | +72.6% | 316,6 k € | +379% | 66,1 k € | +13.2% | 58,4 k € |
| Total assets | 2,6 M € | +11.7% | 2,4 M € | -12.2% | 2,7 M € | +41.5% | 1,9 M € | +19.5% | 1,6 M € | +13.1% | 1,4 M € | +6.4% | 1,3 M € | -9.4% | 1,5 M € | +45.0% | 1 M € | +27.0% | 793,5 k € | +13.0% | 702,4 k € | -11.4% | 792,6 k € | +46.4% | 541,5 k € |
| Cash | 960 k € | +113% | 450,1 k € | -51.3% | 923,7 k € | +254% | 260,6 k € | -66.6% | 780 k € | -7.7% | 844,6 k € | -15.5% | 1 M € | -14.7% | 1,2 M € | +57.0% | 747,1 k € | +35.2% | 552,7 k € | +29.2% | 427,7 k € | – | 257,9 k € | ||
| Debts | 1,2 M € | +56.9% | 787,2 k € | -45.1% | 1,4 M € | +66.1% | 862,7 k € | +43.3% | 602,2 k € | -30.2% | 862,6 k € | +11.5% | 773,7 k € | -15.5% | 915,6 k € | +98.1% | 462,1 k € | +87.2% | 246,8 k € | -36.0% | 385,4 k € | -47.0% | 726,5 k € | +50.4% | 483,1 k € |
| Other | |||||||||||||||||||||||||
| Workforce | 5,8 ETP | +56.8% | 3,7 ETP | -7.5% | 4,0 ETP | +33.3% | 3,0 ETP | +11.1% | 2,7 ETP | -20.6% | 3,4 ETP | +47.8% | 2,3 ETP | +4.5% | 2,2 ETP | +57.1% | 1,4 ETP | -22.2% | 1,8 ETP | 0.0% | 1,8 ETP | +80.0% | 1,0 ETP | 0.0% | 1,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 9 ended
Active mandates
Matteo Hendrikx
ActiveRonny Hendrikx
ActiveEnded mandates
Matteo Hendrikx
EndedEls Aarts
EndedEls Aarts
EndedRonny Hendrikx
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
HR VLIEGENRAMEN EN -DEUREN● Active | 0461.145.720 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 16/06/2026 | 10/06/2025 | 24/06/2024 | 22/06/2023 | 04/07/2022 | 31/05/2021 |
| General meeting | 15/06/2026 | 09/06/2025 | 31/05/2024 | 26/05/2023 | 27/05/2022 | 28/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
16 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 15/06/2026 | 16/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 09/06/2025 | 10/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 31/05/2024 | 24/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 26/05/2023 | 22/06/2023 | Dutch | |
| Abridged model | 31/12/2021 | 27/05/2022 | 04/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 28/05/2021 | 31/05/2021 | Dutch | |
| Abridged model | 31/12/2019 | 29/05/2020 | 09/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 31/05/2019 | 19/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 25/05/2018 | 27/06/2018 | Dutch | |
| Abridged model | 31/12/2016 | 26/05/2017 | 03/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 27/05/2016 | 12/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 29/05/2015 | 25/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/05/2014 | 05/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 31/05/2013 | 24/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 25/05/2012 | 02/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 27/05/2011 | 27/06/2011 | Dutch |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 9 ended
Active mandates
Matteo Hendrikx
ActiveRonny Hendrikx
ActiveEnded mandates
Matteo Hendrikx
EndedEls Aarts
EndedEls Aarts
EndedRonny Hendrikx
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/05/2023ONTSLAGEN - BENOEMINGEN
- Mandates10/10/2022STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
- Mandates15/12/2020STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
- Other10/03/2009RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025544 k €↑
- 2024Annual accounts 2024333,7 k €↓
- 2023Annual accounts 2023879,9 k €↑
- 2022Annual accounts 202250,8 k €↓
- 2021Annual accounts 2021286,6 k €↓
- 2017Annual accounts 2017297,8 k €↓
- 2016Annual accounts 2016444,3 k €↓
- 2015Annual accounts 2015485 k €↑
- 2014Annual accounts 2014239,1 k €↑
- 2013Annual accounts 2013229,8 k €↓
- 2012Annual accounts 2012250,6 k €↓
- 2011Annual accounts 2011277,7 k €↑
- 2010Annual accounts 201098,4 k €
- 06/03/2009IncorporationPrivate limited company