ACTIVE

HECTAAR

Financial year 2025 · closed on 31/12/2025
Net result
7 M €
+67.0% YoY
Revenue
47,1 M €
-6.1% YoY
Equity
25,6 M €
+0.7% YoY
Workforce
21,9 ETP
+4.3% YoY

What does HECTAAR do?

HECTAAR is a Public limited company incorporated in 2006. Its main activity is: Development of building projects. Its registered office is in Roeselare. It employs on average 21,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0883.206.675
Incorporation
29/08/2006
Legal form
Public limited company
Registered office
Armoedestraat 40 box 51
8800 Roeselare · FlandreSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
21,9 ETP
Joint committees (2)
  • 100
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Revenue47,1 M €50,2 M €42,1 M €36 M €36,1 M €31,2 M €
EBITDA8,8 M €5,4 M €7,5 M €8 M €6,5 M €4,5 M €3,3 M €1,8 M €2,9 M €1,8 M €1,1 M €
Operating result8,3 M €5,1 M €7,2 M €7,9 M €6,2 M €4,4 M €3,1 M €1,7 M €2,8 M €1,8 M €1 M €
Net result7 M €4,2 M €5,8 M €6,3 M €4,9 M €4,1 M €2,5 M €1,3 M €2,7 M €1,7 M €698,8 k €
Balance sheet
Equity25,6 M €25,4 M €23,3 M €19,6 M €14,4 M €10,5 M €7,3 M €5,7 M €5,2 M €2,4 M €1,1 M €
Total assets38,5 M €42,1 M €39,9 M €25,6 M €19,4 M €18 M €23,1 M €16 M €12,8 M €9,6 M €8,1 M €
Cash111,5 k €248,5 k €667,9 k €274,2 k €150,1 k €539 k €831,1 k €77,5 k €247,2 k €253,5 k €224,2 k €
Debts12,2 M €16,7 M €16,5 M €6 M €5 M €7,4 M €15,8 M €10,2 M €7,7 M €7,2 M €7 M €
Other
Workforce21,9 ETP21,0 ETP18,7 ETP16,7 ETP17,6 ETP13,4 ETP10,0 ETP7,8 ETP6,3 ETP3,3 ETP2,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 24 ended

Active mandates

ALLTOPE

Managing director · since 03 avril 2026 · until 03 avril 2032 · 0502.733.875

Represented by Jan Masschelein

Active
MABEJA

Director · since 03 avril 2026 · until 03 avril 2032 · 1031.288.162

Represented by Benjamin Masschelein

Active
MODDER

Managing director · since 03 avril 2026 · until 03 avril 2032 · 0502.439.016

Represented by Mathias Vandaele

Active
VENDER

Director · since 03 avril 2026 · until 03 avril 2032 · 0889.758.630

Represented by Liselotte Sobry

Active
ALLTOPE

Managing director · since 26 mars 2024 · until 03 avril 2026 · 0502.733.875

Represented by Benoît Masschelein

Active
MODDER

Managing director · since 26 mars 2024 · until 03 avril 2026 · 0502.439.016

Represented by Mathias Vandaele

Active

Ended mandates

ALLTOPE

Managing director · since 26 mars 2024 · 0502.733.875

Represented by Jan Masschelein

Ended
MODDER

Managing director · since 26 mars 2024 · 0502.439.016

Represented by Mathias Vandaele

Ended
ALLTOPE

Managing director · since 07 mai 2018 · until 06 mai 2024 · 0502.733.875

Represented by Jan Masschelein

Ended
ALLTOPE

Managing director · since 07 mai 2018 · until 06 mai 2024 · 0502.733.875

Represented by Jan Masschelein

Ended
At this address

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ROFIO SActive
0523.897.790
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
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 date13/07/202604/07/202508/07/202406/07/202314/06/202218/06/2021
General meeting29/06/202606/06/202507/06/202409/06/202310/06/202211/06/2021
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
Full model31/12/202529/06/202613/07/2026DutchPDF
Full model31/12/202406/06/202504/07/2025DutchPDF
Consolidated accounts31/12/202430/06/202525/07/2025DutchPDF
Full model31/12/202307/06/202408/07/2024DutchPDF
Full model31/12/202209/06/202306/07/2023DutchPDF
Full model31/12/202110/06/202214/06/2022DutchPDF
Full model31/12/202011/06/202118/06/2021DutchPDF
Abridged model31/12/201904/05/202009/07/2020DutchPDF
Abridged model31/12/201806/05/201926/08/2019DutchPDF
Abridged model31/12/201707/05/201826/07/2018DutchPDF
Abridged model31/12/201602/05/201730/06/2017DutchPDF
Abridged model31/12/201502/05/201631/08/2016DutchPDF
Abridged modelCorrection31/12/201415/04/201508/07/2015DutchPDF
Abridged model31/12/201415/04/201525/06/2015DutchPDF
Abridged model31/12/201304/04/201403/06/2014DutchPDF
Abridged model31/12/201207/02/201319/06/2013DutchPDF
Abridged model31/12/201114/05/201212/07/2012DutchPDF
Abridged model31/12/201021/03/201131/05/2011DutchPDF
Abridged model31/12/200903/05/201004/06/2010DutchPDF
Abridged model31/12/200804/05/200912/06/2009DutchPDF
Abridged model31/12/200705/05/200804/06/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 6 active · 24 ended

Active mandates

ALLTOPE

Managing director · since 03 avril 2026 · until 03 avril 2032 · 0502.733.875

Represented by Jan Masschelein

Active
MABEJA

Director · since 03 avril 2026 · until 03 avril 2032 · 1031.288.162

Represented by Benjamin Masschelein

Active
MODDER

Managing director · since 03 avril 2026 · until 03 avril 2032 · 0502.439.016

Represented by Mathias Vandaele

Active
VENDER

Director · since 03 avril 2026 · until 03 avril 2032 · 0889.758.630

Represented by Liselotte Sobry

Active
ALLTOPE

Managing director · since 26 mars 2024 · until 03 avril 2026 · 0502.733.875

Represented by Benoît Masschelein

Active
MODDER

Managing director · since 26 mars 2024 · until 03 avril 2026 · 0502.439.016

Represented by Mathias Vandaele

Active

Ended mandates

ALLTOPE

Managing director · since 26 mars 2024 · 0502.733.875

Represented by Jan Masschelein

Ended
MODDER

Managing director · since 26 mars 2024 · 0502.439.016

Represented by Mathias Vandaele

Ended
ALLTOPE

Managing director · since 07 mai 2018 · until 06 mai 2024 · 0502.733.875

Represented by Jan Masschelein

Ended
ALLTOPE

Managing director · since 07 mai 2018 · until 06 mai 2024 · 0502.733.875

Represented by Jan Masschelein

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/04/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Registered office18/12/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/08/2018
    ONTSLAGEN - BENOEMINGEN
    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 M €
  2. 2024
    Annual accounts 20244,2 M €
  3. 2023
    Annual accounts 20235,8 M €
  4. 2022
    Annual accounts 20226,3 M €
  5. 2021
    Annual accounts 20214,9 M €
  6. 2020
    Annual accounts 20204,1 M €
  7. 2019
    Annual accounts 20192,5 M €
  8. 2018
    Annual accounts 20181,3 M €
  9. 2017
    Annual accounts 20172,7 M €
  10. 2016
    Annual accounts 20161,7 M €
  11. 2015
    Annual accounts 2015698,8 k €
  12. 29/08/2006
    IncorporationPublic limited company