ACTIVE

hebaco

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Financial year 2025 · closed on 30/09/2025
Net result
1,5 M €
+61.0% YoY
Gross margin
2,3 M €
+67.0% YoY
Equity
3,9 M €
+63.3% YoY
Workforce
1,0 ETP
+25.0% YoY

What does hebaco do?

hebaco is a Private limited company incorporated in 2004. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Wetteren. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0863.209.928
Incorporation
04/02/2004
Legal form
Private limited company
Registered office
Damstraat 6
9230 Wetteren · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
30/09/2025
Average workforce
1,0 ETP
Activities (NACE)
25110Manufacture of metal structures and parts of structures· main25110Manufacture of metal structures and parts of structures25401Manufacture of weapons and ammunition25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines25401Manufacture of weapons and ammunition+5
Joint committees (2)
  • 08
  • 1110
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin2,3 M €1,4 M €1,6 M €772,2 k €819,6 k €623,4 k €370,5 k €227,3 k €222,6 k €130,2 k €-36,2 k €29,7 k €44,8 k €147,8 k €137,3 k €135,4 k €133,5 k €72,7 k €106,8 k €97,8 k €
EBITDA2,2 M €1,3 M €1,6 M €757,6 k €809,7 k €611,3 k €362,2 k €217,4 k €219,3 k €127,5 k €-40,1 k €27,5 k €42 k €146,3 k €133,6 k €77,4 k €131,8 k €68,7 k €106,2 k €97,2 k €
Operating result2,1 M €1,3 M €1,6 M €724,5 k €751 k €557,8 k €283,6 k €175,7 k €189,4 k €114,1 k €-51,2 k €15,3 k €17,5 k €120,9 k €105,3 k €92,7 k €112,9 k €51,3 k €99,8 k €85,7 k €
Net result1,5 M €939,5 k €1,3 M €521,7 k €551,7 k €382,4 k €201,3 k €112 k €107,6 k €97,2 k €-50,2 k €4,9 k €39,8 k €80,4 k €70,7 k €60,2 k €76,1 k €35,2 k €66,2 k €55,8 k €
Balance sheet
Equity3,9 M €2,4 M €2,3 M €1,2 M €1,5 M €923,1 k €729,7 k €528,5 k €416,4 k €308,8 k €211,7 k €261,9 k €281,6 k €241,8 k €401,4 k €330,7 k €270,5 k €194,4 k €159,2 k €93 k €
Total assets4,4 M €3,1 M €2,7 M €2,2 M €2,2 M €1,6 M €1,3 M €1 M €769,6 k €709 k €608,7 k €588,4 k €693,5 k €556,3 k €555,5 k €533,6 k €373,4 k €259,3 k €230 k €172,8 k €
Cash1,7 M €1 M €903,1 k €845,1 k €873,9 k €433,4 k €245,9 k €345,7 k €45,2 k €121,8 k €56,9 k €33,5 k €105,7 k €147 k €160,2 k €181,3 k €52,2 k €69,5 k €53 k €11,1 k €
Debts518,2 k €724,2 k €417,5 k €1 M €701,5 k €662,4 k €611,1 k €496,4 k €353,2 k €337,2 k €397,1 k €326,5 k €411,7 k €314,5 k €152,8 k €201,7 k €101,9 k €64 k €69,6 k €78,7 k €
Other
Workforce1,0 ETP0,8 ETP0,0 ETP–––––––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 6 ended

Active mandates

EXCEL EQUITY

Director · since 01 octobre 2020 · 0754.879.833

Represented by Nathalie Hespeels

Active
Katrien Colman

Director · since 01 octobre 2020

Active
Olivier LIAGRE

Director · since 01 septembre 2019

Active
Luc HESPEELS

Director · since 04 février 2004

Active

Ended mandates

EXCEL EQUITY

Director · since 01 octobre 2020 · 0754.879.833

Represented by Hespeels NATHALIE GEORGETTE

Ended
EXCEL EQUITY

Director · since 01 octobre 2020 · 0754.879.833

Represented by NATHALIE HESPEELS

Ended
Hespeels, Nathalie

Director · since 01 octobre 2020 · 0778.792.511

Represented by Hespeels Nathalie

Ended
LUC HESPEELS

Director · since 30 janvier 2004

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/03/202624/03/202526/03/202413/07/202321/03/202222/03/2021
General meeting20/03/202621/03/202515/03/202417/03/202318/03/202219/03/2021
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
Abridged model30/09/202520/03/202623/03/2026DutchPDF
Abridged model30/09/202421/03/202524/03/2025DutchPDF
Abridged model30/09/202315/03/202426/03/2024DutchPDF
Abridged modelCorrection30/09/202217/03/202313/07/2023DutchPDF
Abridged model30/09/202217/03/202306/04/2023DutchPDF
Abridged model30/09/202118/03/202221/03/2022DutchPDF
Abridged model30/09/202019/03/202122/03/2021DutchPDF
Abridged model30/09/201920/03/202024/03/2020DutchPDF
Abridged model30/09/201815/03/201909/04/2019DutchPDF
Abridged model30/09/201716/03/201819/03/2018DutchPDF
Abridged model30/09/201617/03/201721/03/2017DutchPDF
Abridged model30/09/201518/03/201631/03/2016DutchPDF
Abridged model30/09/201420/03/201523/03/2015DutchPDF
Abridged model30/09/201321/03/201426/03/2014DutchPDF
Abridged model30/09/201215/03/201322/03/2013DutchPDF
Abridged model30/09/201116/03/201219/03/2012DutchPDF
Abridged model30/09/201018/03/201121/03/2011DutchPDF
Abridged model30/09/200919/03/201022/03/2010DutchPDF
Abridged model30/09/200820/03/200923/03/2009DutchPDF
Abridged model30/09/200721/03/200807/04/2008DutchPDF
Abridged model30/09/200630/03/200724/04/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/09/2025 · 4 active · 6 ended

Active mandates

EXCEL EQUITY

Director · since 01 octobre 2020 · 0754.879.833

Represented by Nathalie Hespeels

Active
Katrien Colman

Director · since 01 octobre 2020

Active
Olivier LIAGRE

Director · since 01 septembre 2019

Active
Luc HESPEELS

Director · since 04 février 2004

Active

Ended mandates

EXCEL EQUITY

Director · since 01 octobre 2020 · 0754.879.833

Represented by Hespeels NATHALIE GEORGETTE

Ended
EXCEL EQUITY

Director · since 01 octobre 2020 · 0754.879.833

Represented by NATHALIE HESPEELS

Ended
Hespeels, Nathalie

Director · since 01 octobre 2020 · 0778.792.511

Represented by Hespeels Nathalie

Ended
LUC HESPEELS

Director · since 30 janvier 2004

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/10/2020
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/06/2020
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/10/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares22/03/2004
    BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other11/02/2004
    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

Timeline

  1. 2025
    Annual accounts 20251,5 M €↑
  2. 2024
    Annual accounts 2024939,5 k €↓
  3. 2023
    Annual accounts 20231,3 M €↑
  4. 2022
    Annual accounts 2022521,7 k €↓
  5. 2021
    Annual accounts 2021551,7 k €↑
  6. 2020
    Annual accounts 2020382,4 k €↑
  7. 2019
    Annual accounts 2019201,3 k €↑
  8. 2018
    Annual accounts 2018112 k €↑
  9. 2017
    Annual accounts 2017107,6 k €↑
  10. 2016
    Annual accounts 201697,2 k €↑
  11. 2015
    Annual accounts 2015-50,2 k €↓
  12. 2014
    Annual accounts 20144,9 k €↓
  13. 2013
    Annual accounts 201339,8 k €↓
  14. 2012
    Annual accounts 201280,4 k €↑
  15. 2011
    Annual accounts 201170,7 k €↑
  16. 2010
    Annual accounts 201060,2 k €↓
  17. 2009
    Annual accounts 200976,1 k €↑
  18. 2008
    Annual accounts 200835,2 k €↓
  19. 2007
    Annual accounts 200766,2 k €↑
  20. 2006
    Annual accounts 200655,8 k €
  21. 04/02/2004
    IncorporationPrivate limited company