ACTIVE

HE group

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Financial year 2025 · closed on 31/12/2025

Net result

87 k €

+196.8% YoY

Gross margin

194,5 k €

+79.6% YoY

Equity

1,5 M €

+6.1% YoY

What does HE group do?

HE group is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Linter.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.521.773

Incorporation

03/01/2006

Legal form

Private limited company

Registered office

Sint-Truidensesteenweg(ORS) 226
3350 Linter · FlandreSee on map

Contributed capital

758 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 69109Legal activities+5

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	194,5 k €	+79.6%	108,3 k €	-6.7%	116,1 k €	+162%	44,3 k €	+71.7%	25,8 k €	+138%	-68 k €	-34.1%	-50,7 k €	-175%	67,3 k €	-30.1%	96,2 k €	-55.1%	214,5 k €	+2368%	8,7 k €	-94.5%	158,1 k €	-14.7%	185,4 k €	+6.2%	174,6 k €	+8.2%	161,4 k €	+16.6%	138,5 k €	-10.3%	154,4 k €	+71.2%	90,2 k €	+51.5%	59,5 k €
EBITDA	190,9 k €	+114%	89 k €	+24.6%	71,5 k €	+67.3%	42,7 k €	+76.3%	24,2 k €	+107%	-361,1 k €	-552%	-55,4 k €	-195%	58,1 k €	-37.0%	92,2 k €	-55.5%	207,1 k €	+2613%	7,6 k €	-95.1%	156 k €	-15.1%	183,8 k €	+6.2%	173 k €	+9.0%	158,7 k €	+15.6%	137,3 k €	-9.3%	151,4 k €	+69.2%	89,5 k €	+52.8%	58,6 k €
Operating result	93,3 k €	+1211%	-8,4 k €	+64.1%	-23,4 k €	+19.4%	-29 k €	-21.4%	-23,9 k €	+94.0%	-395,1 k €	-422%	-75,7 k €	-268%	-20,6 k €	-345%	-4,6 k €	-105%	84,1 k €	+3946%	2,1 k €	-98.5%	142,7 k €	-16.7%	171,4 k €	+7.3%	159,7 k €	+8.5%	147,2 k €	+16.6%	126,2 k €	-12.0%	143,4 k €	+73.8%	82,5 k €	+58.7%	52 k €
Net result	87 k €	+197%	-89,9 k €	-152%	-35,7 k €	-36.5%	-26,2 k €	+90.8%	-283,6 k €	+27.8%	-392,9 k €	-169%	570 k €	+2403%	-24,7 k €	-504%	-4,1 k €	-106%	67,3 k €	+341%	15,3 k €	-84.4%	97,7 k €	-17.1%	117,8 k €	+13.4%	103,9 k €	+10.7%	93,9 k €	+22.1%	76,9 k €	-23.0%	99,8 k €	+84.4%	54,1 k €	+48.8%	36,4 k €
Balance sheet
Equity	1,5 M €	+6.1%	1,4 M €	-5.9%	1,5 M €	-2.3%	1,6 M €	+12.5%	1,4 M €	-17.0%	1,7 M €	-19.0%	2,1 M €	+38.2%	1,5 M €	-1.6%	1,5 M €	-0.3%	1,5 M €	+113%	714,4 k €	+2.2%	699,1 k €	+16.2%	601,5 k €	+24.4%	483,7 k €	+27.4%	379,7 k €	+32.8%	285,8 k €	+36.8%	208,9 k €	+91.5%	109,1 k €	+98.5%	54,9 k €
Total assets	2,6 M €	+2.0%	2,6 M €	-2.2%	2,6 M €	-1.4%	2,7 M €	+37.7%	1,9 M €	-11.0%	2,2 M €	-13.0%	2,5 M €	+44.0%	1,7 M €	-0.2%	1,7 M €	-1.4%	1,8 M €	+93.4%	906,1 k €	+0.3%	903,8 k €	+12.9%	800,6 k €	+19.9%	667,7 k €	+14.5%	583,3 k €	+13.3%	514,7 k €	+24.9%	412,1 k €	+64.0%	251,4 k €	+75.1%	143,6 k €
Cash	105,4 k €	+333%	24,3 k €	-42.7%	42,4 k €	-1.4%	43,1 k €	-55.9%	97,6 k €	-92.0%	1,2 M €	-23.3%	1,6 M €	+172%	583,5 k €	+29.6%	450,2 k €	-55.4%	1 M €	+14.1%	883,6 k €	+2.3%	863,9 k €	+17.7%	734 k €	+27.7%	575 k €	+13.7%	505,8 k €	+13.7%	444,9 k €	+36.9%	325,1 k €	+54.3%	210,7 k €	+97.9%	106,5 k €
Debts	1,1 M €	-3.2%	1,1 M €	+2.9%	1,1 M €	+0.1%	1,1 M €	+223%	337,7 k €	+15.8%	291,7 k €	+31.5%	221,9 k €	-4.7%	232,8 k €	+10.3%	211 k €	-8.5%	230,6 k €	+20.3%	191,7 k €	-6.3%	204,6 k €	+2.8%	199 k €	+8.1%	184,1 k €	-9.0%	202,4 k €	-11.4%	228,4 k €	+12.7%	202,7 k €	+43.8%	141 k €	+59.1%	88,6 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 · 2 active · 4 ended

Active mandates

Hubert WAEBENS

Director

Active

Marijke PEUTERS

Director

Active

Ended mandates

Marijke Peuters

Director · since 08 février 2016

Ended

Marijke Peuters

Director · since 08 février 2015

Ended

Hubert Waebens

Director · since 10 janvier 2006

Ended

Hubert Waebens

Manager · since 10 janvier 2006

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	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	31/12/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	30/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	13 months
Filing date	16/07/2026	24/06/2025	02/07/2024	26/07/2023	26/10/2022	25/01/2022
General meeting	30/06/2026	15/05/2025	15/05/2024	25/07/2023	24/10/2022	15/05/2021
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	16/07/2026	Dutch	PDF
Micro model	31/12/2024	15/05/2025	24/06/2025	Dutch	PDF
Micro model	31/12/2023	15/05/2024	02/07/2024	Dutch	PDF
Micro model	31/12/2022	25/07/2023	26/07/2023	Dutch	PDF
Micro model	31/12/2021	24/10/2022	26/10/2022	Dutch	PDF
Micro model	30/12/2020	15/05/2021	25/01/2022	Dutch	PDF
Micro model	30/12/2019	15/05/2020	27/08/2020	Dutch	PDF
Micro model	30/12/2018	15/05/2019	09/10/2019	Dutch	PDF
Micro model	30/12/2017	15/05/2018	04/12/2018	Dutch	PDF
Abridged model	30/12/2016	15/05/2017	28/11/2017	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	01/12/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	24/11/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	16/09/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	26/09/2012	Dutch	PDF
Abridged model	31/12/2010	15/05/2011	16/11/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	16/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	10/09/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	21/11/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	12/03/2008	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 · 2 active · 4 ended

Active mandates

Hubert WAEBENS

Director

Active

Marijke PEUTERS

Director

Active

Ended mandates

Marijke Peuters

Director · since 08 février 2016

Ended

Marijke Peuters

Director · since 08 février 2015

Ended

Hubert Waebens

Director · since 10 janvier 2006

Ended

Hubert Waebens

Manager · since 10 janvier 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2016
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2016
BOEKJAAR
PDF
Other23/01/2006
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 202587 k €↑
2024
Annual accounts 2024-89,9 k €↓
2023
Annual accounts 2023-35,7 k €↓
2022
Annual accounts 2022-26,2 k €↑
2021
Annual accounts 2021-283,6 k €↑
2020
Annual accounts 2020-392,9 k €↓
2019
Annual accounts 2019570 k €↑
2018
Annual accounts 2018-24,7 k €↓
2017
Annual accounts 2017-4,1 k €↓
2016
Annual accounts 201667,3 k €↑
2014
Annual accounts 201415,3 k €↓
2013
Annual accounts 201397,7 k €↓
2012
Annual accounts 2012117,8 k €↑
2011
Annual accounts 2011103,9 k €↑
2010
Annual accounts 201093,9 k €↑
2009
Annual accounts 200976,9 k €↓
2008
Annual accounts 200899,8 k €↑
2007
Annual accounts 200754,1 k €↑
2006
Annual accounts 200636,4 k €
03/01/2006
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 group

Overview

What does HE group do?

Trend over 19 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