ACTIVE

HE

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Financial year 2024 · closed on 31/12/2024

Net result

20,5 k €

-80.5% YoY

Gross margin

194,2 k €

-43.5% YoY

Equity

363 k €

+6.0% YoY

What does HE do?

HE is a Private limited company incorporated in 2009. Its registered office is in Asse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.000.674

Incorporation

30/11/2009

Legal form

Private limited company

Registered office

Brusselsesteenweg 18 box A
1730 Asse · FlandreSee on map

Contributed capital

18 330,00 €

Latest accounts

31/12/2024

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	194,2 k €	-43.5%	343,5 k €	+43.2%	239,8 k €	+36.8%	175,3 k €	-3.1%	180,9 k €	+22.1%	148,2 k €	+0.4%	147,6 k €	-9.6%	163,3 k €	+25.6%	130 k €	+14.7%	113,4 k €	+19.3%	95 k €	+18.8%	80 k €	+75.7%	45,5 k €	-7.6%	49,3 k €
EBITDA	22,6 k €	-87.1%	175,5 k €	+155%	68,8 k €	-23.0%	89,4 k €	+108%	43 k €	+10.1%	39,1 k €	-42.7%	68,2 k €	-20.9%	86,2 k €	+34.0%	64,3 k €	+106%	31,2 k €	-29.9%	44,5 k €	-13.9%	51,7 k €	+68.5%	30,7 k €	-27.2%	42,2 k €
Operating result	16,7 k €	-90.0%	167,2 k €	+178%	60,1 k €	-24.9%	80 k €	+234%	24 k €	+35.8%	17,7 k €	-43.4%	31,2 k €	-30.6%	44,9 k €	+77.0%	25,4 k €	+237%	7,5 k €	-45.2%	13,7 k €	-37.4%	21,9 k €	+109%	10,5 k €	-54.4%	23 k €
Net result	20,5 k €	-80.5%	105,3 k €	+135%	44,9 k €	-16.4%	53,7 k €	+303%	13,3 k €	+4.0%	12,8 k €	-11.1%	14,4 k €	-42.2%	24,9 k €	+157%	9,7 k €	+559%	1,5 k €	-37.6%	2,4 k €	-75.0%	9,4 k €	+54.9%	6,1 k €	-63.6%	16,7 k €
Balance sheet
Equity	363 k €	+6.0%	342,4 k €	+44.4%	237,1 k €	+28.8%	184,1 k €	+51.9%	121,2 k €	+12.3%	107,9 k €	+13.4%	95,1 k €	+17.8%	80,7 k €	+44.5%	55,9 k €	+20.9%	46,2 k €	+13.4%	40,7 k €	+6.1%	38,4 k €	+32.5%	29 k €	+26.6%	22,9 k €
Total assets	548,2 k €	-0.2%	549,6 k €	+43.9%	381,9 k €	+48.4%	257,2 k €	+24.9%	206 k €	+14.3%	180,2 k €	-2.4%	184,6 k €	+4.9%	176 k €	-18.9%	217 k €	+120%	98,8 k €	+3.3%	95,7 k €	-33.8%	144,6 k €	+24.8%	115,9 k €	+13.8%	101,9 k €
Cash	16,9 k €	-84.7%	110,6 k €	+277%	29,4 k €	+17.3%	25 k €	-35.4%	38,8 k €	+1419%	2,6 k €	-88.0%	21,3 k €	+61.2%	13,2 k €	+44.7%	9,1 k €	-37.8%	14,7 k €	+198%	4,9 k €	-75.6%	20,2 k €	+85.0%	10,9 k €	+1119%	897,3 €
Debts	185,3 k €	+24.0%	149,5 k €	+71.7%	87 k €	+19.0%	73,1 k €	-13.8%	84,8 k €	+17.4%	72,3 k €	-19.2%	89,4 k €	-6.1%	95,3 k €	-40.9%	161,1 k €	+206%	52,6 k €	-4.3%	54,9 k €	-48.3%	106,2 k €	+22.2%	86,9 k €	+10.1%	79 k €
Other
Workforce	–		–		–		–		–		–		–		–		3,5 ETP	-5.4%	3,7 ETP	-7.5%	4,0 ETP	+81.8%	2,2 ETP	+100%	1,1 ETP	+22.2%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

Houssain Elouargahi

Director

Active

Ended mandates

Hayat Qnioun

Manager

Ended

Houssain Elouargahi

Administrator - manager

Ended

Houssain Elouargahi

Manager

Ended

Houssain Elouargahi

Associate

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/11/2025	30/09/2024	05/10/2023	23/09/2022	25/10/2021	07/10/2020
General meeting	30/10/2025	24/09/2024	04/10/2023	07/09/2022	25/10/2021	08/09/2020
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

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/10/2025	13/11/2025	Dutch	PDF
Micro model	31/12/2023	24/09/2024	30/09/2024	Dutch	PDF
Micro model	31/12/2022	04/10/2023	05/10/2023	Dutch	PDF
Micro model	31/12/2021	07/09/2022	23/09/2022	Dutch	PDF
Micro model	31/12/2020	25/10/2021	25/10/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	07/10/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	18/09/2019	Dutch	PDF
Micro model	31/12/2017	28/08/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/09/2015	25/09/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	25/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	31/10/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	31/08/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 1 active · 4 ended

Active mandates

Houssain Elouargahi

Director

Active

Ended mandates

Hayat Qnioun

Manager

Ended

Houssain Elouargahi

Administrator - manager

Ended

Houssain Elouargahi

Manager

Ended

Houssain Elouargahi

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/09/2026
ONTSLAG EN BENOEMING BESTUURDER
PDF
Mandates26/05/2026
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/08/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other02/12/2009
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

2024
Annual accounts 202420,5 k €↓
2023
Annual accounts 2023105,3 k €↑
2022
Annual accounts 202244,9 k €↓
2021
Annual accounts 202153,7 k €↑
2019
Annual accounts 201913,3 k €↑
2018
Annual accounts 201812,8 k €↓
2017
Annual accounts 201714,4 k €↓
2016
Annual accounts 201624,9 k €↑
2015
Annual accounts 20159,7 k €↑
2014
Annual accounts 20141,5 k €↓
2013
Annual accounts 20132,4 k €↓
2012
Annual accounts 20129,4 k €↑
2011
Annual accounts 20116,1 k €↓
2010
Annual accounts 201016,7 k €
30/11/2009
IncorporationPrivate 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

HE

Overview

What does HE do?

Trend over 14 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