ACTIVE

HECOMA

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Financial year 2025 · closed on 31/12/2025

Net result

58,4 k €

+71.2% YoY

Gross margin

94,3 k €

+56.4% YoY

Equity

453,3 k €

+3.7% YoY

What does HECOMA do?

HECOMA is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Tongeren-Borgloon.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0861.720.383

Incorporation

19/11/2003

Legal form

Private limited company

Registered office

Putstraat 43 box 1
3700 Tongeren-Borgloon · FlandreSee on map

Contributed capital

134 239,83 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	94,3 k €	+56.4%	60,3 k €	+140%	25,1 k €	-77.9%	113,3 k €	-3.5%	117,4 k €	-5.2%	123,8 k €	-5.0%	130,4 k €	+200%	43,5 k €	+14.6%	38 k €	-44.5%	68,4 k €	+19.9%	57,1 k €	+1.0%	56,5 k €	-5.4%	59,7 k €	-6.1%	63,6 k €	-7.8%	69 k €	+9.7%	62,9 k €	+47.5%	42,6 k €	-4.0%	44,4 k €	+14.4%	38,8 k €	+116%	18 k €
EBITDA	92,5 k €	+57.8%	58,6 k €	+157%	22,8 k €	-79.5%	111,6 k €	-3.6%	115,9 k €	-4.9%	121,8 k €	-5.1%	128,3 k €	+209%	41,5 k €	+15.0%	36,1 k €	-45.9%	66,8 k €	+19.9%	55,7 k €	+0.6%	55,3 k €	-5.5%	58,5 k €	-6.8%	62,8 k €	-7.9%	68,2 k €	+9.8%	62,1 k €	+48.5%	41,8 k €	-4.1%	43,6 k €	+13.9%	38,3 k €	+123%	17,2 k €
Operating result	92,1 k €	+59.7%	57,7 k €	+785%	6,5 k €	-93.1%	95 k €	-4.3%	99,2 k €	-6.2%	105,7 k €	+4.0%	101,6 k €	+164%	38,5 k €	+20.0%	32,1 k €	-50.9%	65,3 k €	+20.5%	54,2 k €	+0.3%	54,1 k €	-5.0%	56,9 k €	-3.6%	59 k €	-6.8%	63,3 k €	+8.6%	58,3 k €	+55.4%	37,5 k €	-3.4%	38,8 k €	+10.6%	35,1 k €	+161%	13,5 k €
Net result	58,4 k €	+71.2%	34,1 k €	+155602%	21,9 €	-100.0%	60,4 k €	-4.3%	63,1 k €	-5.1%	66,5 k €	+21.8%	54,6 k €	+138%	22,9 k €	+103%	11,3 k €	-64.8%	32 k €	+53.5%	20,9 k €	-25.1%	27,9 k €	-17.0%	33,6 k €	+1.3%	33,2 k €	-5.4%	35,1 k €	+9.8%	32 k €	+55.0%	20,6 k €	-0.9%	20,8 k €	+12.1%	18,6 k €	+180%	6,6 k €
Balance sheet
Equity	453,3 k €	+3.7%	437,1 k €	-2.1%	446,3 k €	-6.9%	479,2 k €	+10.3%	434,6 k €	-0.8%	438,3 k €	+17.9%	371,8 k €	+17.2%	317,2 k €	+7.6%	295 k €	+4.0%	283,7 k €	+12.7%	251,6 k €	+9.0%	230,8 k €	+13.7%	202,9 k €	+10.9%	183 k €	+22.1%	149,8 k €	+30.6%	114,7 k €	+38.6%	82,8 k €	+33.2%	62,1 k €	+50.3%	41,3 k €	+81.5%	22,8 k €
Total assets	616,2 k €	+7.9%	571,3 k €	-0.9%	576,4 k €	-8.3%	628,5 k €	-4.7%	659,5 k €	-6.9%	708,1 k €	+5.1%	673,7 k €	+18.6%	568 k €	+28.7%	441,5 k €	+4.1%	424,2 k €	+13.6%	373,4 k €	+10.4%	338,1 k €	+4.1%	324,9 k €	-3.3%	336,2 k €	-2.6%	345,2 k €	+5.7%	326,4 k €	+92.2%	169,8 k €	-5.7%	180,1 k €	+5.6%	170,5 k €	+109%	81,8 k €
Cash	53,6 k €	-11.7%	60,7 k €	+90.7%	31,8 k €	-52.2%	66,6 k €	-17.7%	81 k €	-31.3%	117,8 k €	+70.5%	69,1 k €	+219%	21,6 k €	-1.5%	22 k €	-38.0%	35,4 k €	+136%	15 k €	+7.8%	13,9 k €	+158%	5,4 k €	-39.0%	8,8 k €	-49.4%	17,4 k €	+242%	5,1 k €	-3.1%	5,3 k €	-68.4%	16,6 k €	+118%	7,7 k €	-3.3%	7,9 k €
Debts	162,7 k €	+21.4%	134 k €	+3.1%	130 k €	-12.2%	148 k €	-33.8%	223,6 k €	-15.0%	263,1 k €	-10.8%	295,1 k €	+20.9%	244,1 k €	+73.3%	140,9 k €	+3.1%	136,6 k €	+13.7%	120,2 k €	+13.2%	106,2 k €	-11.2%	119,6 k €	-20.7%	150,9 k €	-22.0%	193,3 k €	-7.8%	209,8 k €	+146%	85,2 k €	-26.8%	116,3 k €	-8.9%	127,7 k €	+121%	57,7 k €

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 31/12/2025 · 1 active · 3 ended

Active mandates

Krijn Henrotte

Manager

Active

Ended mandates

Kathleen Dejaegher

Manager · until 30 avril 2017

Ended

Kathleen Dejaegher

Manager

Ended

Krijn Henrotte

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	06/08/2026	22/07/2025	12/07/2024	08/08/2023	25/08/2022	17/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	05/06/2023	07/06/2022	07/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	06/08/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	22/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	12/07/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	08/08/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	04/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	09/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	03/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	14/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	25/06/2007	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 31/12/2025 · 1 active · 3 ended

Active mandates

Krijn Henrotte

Manager

Active

Ended mandates

Kathleen Dejaegher

Manager · until 30 avril 2017

Ended

Kathleen Dejaegher

Manager

Ended

Krijn Henrotte

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other26/11/2003
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

2025
Annual accounts 202558,4 k €↑
2024
Annual accounts 202434,1 k €↑
2023
Annual accounts 202321,9 €↓
2022
Annual accounts 202260,4 k €↓
2021
Annual accounts 202163,1 k €↓
2020
Annual accounts 202066,5 k €↑
2019
Annual accounts 201954,6 k €↑
2018
Annual accounts 201822,9 k €↑
2017
Annual accounts 201711,3 k €↓
2016
Annual accounts 201632 k €↑
2015
Annual accounts 201520,9 k €↓
2014
Annual accounts 201427,9 k €↓
2013
Annual accounts 201333,6 k €↑
2012
Annual accounts 201233,2 k €↓
2011
Annual accounts 201135,1 k €↑
2010
Annual accounts 201032 k €↑
2009
Annual accounts 200920,6 k €↓
2008
Annual accounts 200820,8 k €↑
2007
Annual accounts 200718,6 k €↑
2006
Annual accounts 20066,6 k €
19/11/2003
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

HECOMA

Overview

What does HECOMA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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