ACTIVE

SI-HBeL

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Financial year 2025 · closed on 31/12/2025
Net result
7,5 M €
+78.4% YoY
Revenue
3,2 M €
+2.6% YoY
Equity
20,8 M €
+45.4% YoY
Workforce
7,2 ETP
-4.0% YoY

What does SI-HBeL do?

SI-HBeL is a Public limited company incorporated in 2009. Its registered office is in Herstal. It employs on average 7,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0817.945.075
Incorporation
20/08/2009
Legal form
Public limited company
Registered office
Avenue du Parc Industriel 11
4041 Herstal · WallonieSee on map
Contributed capital
1 303 336,17 €
Latest accounts
31/12/2025
Average workforce
7,2 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Revenue3,2 M €3,1 M €3,1 M €2,8 M €2,5 M €2,6 M €2,5 M €2,3 M €2,2 M €2 M €2,6 M €–––––
EBITDA1,3 M €1,4 M €1,8 M €1,2 M €681,3 k €699,7 k €892,6 k €740,2 k €628,4 k €669,8 k €1,2 M €764,5 k €518,5 k €969,5 k €483,6 k €503,9 k €
Operating result-238,5 k €703,1 k €1,1 M €496,9 k €-90,1 k €-75,2 k €98,1 k €11,6 k €-40,7 k €94,6 k €755,6 k €442,3 k €242,4 k €818,2 k €301 k €235,9 k €
Net result7,5 M €4,2 M €3,5 M €1,5 M €669,4 k €1,3 M €763,5 k €138 k €12 k €19,4 k €204,9 k €269,4 k €180,8 k €3,5 M €32,8 k €16,1 k €
Balance sheet
Equity20,8 M €14,3 M €11,1 M €8,7 M €7,7 M €7,4 M €6,4 M €6,3 M €6,1 M €5,8 M €5,8 M €5,6 M €5,4 M €5 M €1,9 M €2,2 M €
Total assets40,6 M €23,2 M €20,1 M €21 M €19,8 M €21,9 M €14,5 M €12,8 M €13,3 M €13,2 M €11,2 M €10,7 M €9,3 M €8 M €14,6 M €11,3 M €
Cash563,3 k €1,1 M €268,6 k €1,1 M €2,5 M €4,1 M €909,4 k €189,4 k €622 k €90,4 k €716,8 k €241,9 k €303 k €358 k €47,7 k €2,5 k €
Debts19,7 M €8,8 M €8,9 M €12,3 M €12,1 M €14,5 M €8 M €6,5 M €7,2 M €7,4 M €5,5 M €5 M €3,9 M €2,9 M €12,7 M €9,1 M €
Other
Workforce7,2 ETP7,5 ETP7,5 ETP7,3 ETP6,7 ETP7,5 ETP7,4 ETP7,5 ETP7,5 ETP6,3 ETP5,4 ETP6,0 ETP7,0 ETP7,0 ETP7,4 ETP5,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

BROERS & LARAKI MANAGEMENT

Director · since 24 décembre 2025 · until 21 juin 2030 · 0840.654.260

Represented by Thami LARAKI

Active
Mireille BROERS

Director · since 01 janvier 2025 · until 21 juin 2030

Active
BROERS & LARAKI MANAGEMENT

Director · since 23 décembre 2023 · until 24 décembre 2025 · 0840.654.260

Represented by Thami LARAKI

Active

Ended mandates

BROERS & LARAKI MANAGEMENT

Director · since 29 décembre 2023 · 0840.654.260

Represented by Thami LARAKI

Ended
BROERS & LARAKI MANAGEMENT

Director · since 29 décembre 2023 · 0840.654.260

Represented by Thami LARAKI

Ended
BROERS & LARAKI MANAGEMENT

Managing director · since 30 juin 2023 · until 29 décembre 2023 · 0840.654.260

Represented by Thami LARAKI

Ended
Mireille BROERS

Director · since 25 juin 2022 · until 29 décembre 2023

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelm120-f-p
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 date22/06/202602/07/202501/07/202430/06/202304/07/202223/12/2021
General meeting19/06/202620/06/202529/06/202430/06/202325/06/202201/01/9999
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202622/06/2026FrenchPDF
Full model31/12/202420/06/202502/07/2025FrenchPDF
m120-f-p31/12/202430/06/202509/07/2025FrenchPDF
Full model31/12/202329/06/202401/07/2024FrenchPDF
m120-f-p31/12/2023—02/07/2024FrenchPDF
Full model31/12/202230/06/202330/06/2023FrenchPDF
m120-f-p31/12/202230/06/202303/07/2023FrenchPDF
Full model31/12/202125/06/202204/07/2022FrenchPDF
m120-f-p31/12/202130/08/202230/08/2022FrenchPDF
Full model31/12/202030/08/202131/08/2021FrenchPDF
m120-f-p31/12/202001/01/999923/12/2021FrenchPDF
Full model31/12/201908/09/202029/09/2020FrenchPDF
Full model31/12/201829/06/201901/07/2019FrenchPDF
Full model31/12/201728/08/201830/08/2018FrenchPDF
Full model31/12/201630/06/201702/08/2017FrenchPDF
Abridged model31/12/201525/06/201611/08/2016FrenchPDF
Abridged model31/12/201427/06/201509/07/2015FrenchPDF
Abridged model31/12/201328/06/201401/07/2014FrenchPDF
Abridged model31/12/201221/06/201302/07/2013FrenchPDF
Abridged model31/12/201115/06/201220/06/2012FrenchPDF
Abridged model31/12/201025/06/201128/06/2011FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 3 active · 15 ended

Active mandates

BROERS & LARAKI MANAGEMENT

Director · since 24 décembre 2025 · until 21 juin 2030 · 0840.654.260

Represented by Thami LARAKI

Active
Mireille BROERS

Director · since 01 janvier 2025 · until 21 juin 2030

Active
BROERS & LARAKI MANAGEMENT

Director · since 23 décembre 2023 · until 24 décembre 2025 · 0840.654.260

Represented by Thami LARAKI

Active

Ended mandates

BROERS & LARAKI MANAGEMENT

Director · since 29 décembre 2023 · 0840.654.260

Represented by Thami LARAKI

Ended
BROERS & LARAKI MANAGEMENT

Director · since 29 décembre 2023 · 0840.654.260

Represented by Thami LARAKI

Ended
BROERS & LARAKI MANAGEMENT

Managing director · since 30 juin 2023 · until 29 décembre 2023 · 0840.654.260

Represented by Thami LARAKI

Ended
Mireille BROERS

Director · since 25 juin 2022 · until 29 décembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/03/2024
    DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates14/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/09/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/09/2017
    DEMISSIONS, NOMINATIONS
    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 20257,5 M €↑
  2. 2024
    Annual accounts 20244,2 M €↑
  3. 2023
    Annual accounts 20233,5 M €↑
  4. 2022
    Annual accounts 20221,5 M €↑
  5. 2021
    Annual accounts 2021669,4 k €↓
  6. 2020
    Annual accounts 20201,3 M €↑
  7. 2019
    Annual accounts 2019763,5 k €↑
  8. 2018
    Annual accounts 2018138 k €↑
  9. 2017
    Annual accounts 201712 k €↓
  10. 2016
    Annual accounts 201619,4 k €↓
  11. 2015
    Annual accounts 2015204,9 k €↓
  12. 2014
    Annual accounts 2014269,4 k €↑
  13. 2013
    Annual accounts 2013180,8 k €↓
  14. 2012
    Annual accounts 20123,5 M €↑
  15. 2011
    Annual accounts 201132,8 k €↑
  16. 2010
    Annual accounts 201016,1 k €
  17. 20/08/2009
    IncorporationPublic limited company