ACTIVE

HÖNDERS SYSTEME

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Financial year 2025 · closed on 31/12/2025

Net result

22,6 k €

-65.2% YoY

Gross margin

241,8 k €

-30.4% YoY

Equity

267,4 k €

+8.9% YoY

Workforce

4,0 ETP

-9.1% YoY

What does HÖNDERS SYSTEME do?

HÖNDERS SYSTEME is a Private limited company incorporated in 2008. Its main activity is: Electrical installation. Its registered office is in Raeren. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.134.806

Incorporation

22/01/2008

Legal form

Private limited company

Registered office

Eupener Strasse 53
4731 Raeren · WallonieSee on map

Contributed capital

30 000,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 25120Manufacture of doors and windows of metal 25120Manufacture of doors and windows of metal 26110Manufacture of electronic components 26110Manufacture of electronic components+6

Joint committees (4)

149
14901
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	241,8 k €	-30.4%	347,4 k €	-2.8%	357,4 k €	-0.3%	358,4 k €	+12.9%	317,6 k €	+23.8%	256,6 k €	+71.2%	149,9 k €	-4.9%	157,7 k €	-3.5%	163,4 k €	-10.5%	182,6 k €	+60.1%	114,1 k €	-6.0%	121,3 k €	+55.0%	78,3 k €	-30.9%	113,2 k €	+42.9%	79,2 k €	+31.2%	60,4 k €	-28.0%	83,9 k €	+114%	39,2 k €
EBITDA	51,1 k €	-53.0%	108,8 k €	+46.7%	74,2 k €	-45.2%	135,4 k €	+58.7%	85,3 k €	+31.7%	64,8 k €	+108%	31,2 k €	-63.9%	86,5 k €	-27.3%	118,9 k €	-13.7%	137,8 k €	+77.4%	77,7 k €	-17.6%	94,3 k €	+54.4%	61 k €	-40.1%	101,8 k €	+61.3%	63,1 k €	+40.7%	44,9 k €	-31.4%	65,5 k €	+121%	29,7 k €
Operating result	34,4 k €	-62.0%	90,5 k €	+93.5%	46,8 k €	-48.9%	91,5 k €	+131%	39,6 k €	+89.3%	20,9 k €	+215%	-18,2 k €	-145%	40,7 k €	-52.6%	85,8 k €	-19.9%	107,1 k €	+111%	50,7 k €	-21.1%	64,3 k €	+127%	28,3 k €	-59.9%	70,7 k €	+96.8%	35,9 k €	+97.9%	18,1 k €	-55.3%	40,6 k €	+1993%	-2,1 k €
Net result	22,6 k €	-65.2%	65,1 k €	+107%	31,5 k €	-55.3%	70,4 k €	+107%	34 k €	+160%	13,1 k €	+164%	-20,5 k €	-158%	35,4 k €	-33.8%	53,5 k €	-20.1%	67 k €	+151%	26,7 k €	-24.3%	35,3 k €	+166%	13,3 k €	-69.1%	42,9 k €	+169%	15,9 k €	+1383%	1,1 k €	-94.9%	20,9 k €	+385%	-7,4 k €
Balance sheet
Equity	267,4 k €	+8.9%	245,5 k €	+35.6%	181,1 k €	+20.5%	150,3 k €	+86.4%	80,6 k €	+70.3%	47,3 k €	+35.5%	34,9 k €	-70.7%	119,1 k €	-61.4%	308,9 k €	+20.6%	256 k €	+34.9%	189,7 k €	+15.9%	163,7 k €	+26.8%	129,2 k €	+4.5%	123,6 k €	+51.9%	81,3 k €	+82.1%	44,7 k €	+2.5%	43,6 k €	+92.5%	22,6 k €
Total assets	586,7 k €	+6.0%	553,6 k €	-20.3%	694,5 k €	+24.6%	557,4 k €	+7.7%	517,5 k €	+8.8%	475,8 k €	+14.5%	415,6 k €	-15.4%	491,2 k €	-0.5%	493,6 k €	+4.0%	474,8 k €	+14.5%	414,8 k €	-0.4%	416,2 k €	+1.9%	408,3 k €	+6.7%	382,8 k €	-4.2%	399,5 k €	-6.7%	428,4 k €	-2.6%	439,7 k €	+38.0%	318,7 k €
Cash	50,9 k €	+4.2%	48,9 k €	-35.8%	76,1 k €	-10.4%	85 k €	+44.7%	58,7 k €	-7.7%	63,6 k €	+207%	20,7 k €	-66.6%	62 k €	-31.2%	90,2 k €	+123%	40,5 k €	+298%	10,2 k €	+88.1%	5,4 k €	+196%	1,8 k €	-94.2%	31,6 k €	+17.5%	26,9 k €	+109%	12,9 k €	+122%	5,8 k €	-56.9%	13,4 k €
Debts	319,3 k €	+3.6%	308,1 k €	-40.0%	513,5 k €	+26.1%	407,1 k €	-6.8%	436,8 k €	+2.0%	428,3 k €	+12.5%	380,6 k €	+3.0%	369,6 k €	+103%	182,3 k €	-15.7%	216,3 k €	-2.8%	222,6 k €	-11.2%	250,5 k €	-9.6%	277,2 k €	+7.7%	257,2 k €	-18.6%	316,2 k €	-17.3%	382,1 k €	-3.2%	394,6 k €	+33.9%	294,6 k €
Other
Workforce	4,0 ETP	-9.1%	4,4 ETP	-2.2%	4,5 ETP	+7.1%	4,2 ETP	-10.6%	4,7 ETP	-4.1%	4,9 ETP	+69.0%	2,9 ETP		–		–		1,8 ETP	+38.5%	1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-37.5%	1,6 ETP	+23.1%	1,3 ETP	0.0%	1,3 ETP	+160%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

HG Management

Verwalter · since 27 mars 2020 · 0745.848.638

Represented by Serge Hönders

Active

Ended mandates

HG Management

Verwalter · since 27 mars 2020 · 0745.848.638

Represented by Serge Hönders

Ended

Serge Hönders

Mandate · since 28 juin 2019 · until 27 mars 2020

Ended

Serge Hönders

Managing director · since 28 juin 2019

Ended

GEORGES PELZER

Manager · since 22 janvier 2008

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/07/2026	01/07/2025	18/06/2024	04/05/2023	29/03/2022	06/04/2021
General meeting	01/06/2026	26/06/2025	06/06/2024	09/03/2023	10/03/2022	19/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	30/07/2026	German	PDF
Abridged model	31/12/2024	26/06/2025	01/07/2025	German	PDF
Abridged model	31/12/2023	06/06/2024	18/06/2024	German	PDF
Abridged model	31/12/2022	09/03/2023	04/05/2023	German	PDF
Abridged model	31/12/2021	10/03/2022	29/03/2022	German	PDF
Abridged model	31/12/2020	19/03/2021	06/04/2021	German	PDF
Abridged model	31/12/2019	05/03/2020	30/03/2020	German	PDF
Micro model	31/12/2018	17/06/2019	18/06/2019	French	PDF
Micro model	31/12/2017	09/02/2018	19/02/2018	French	PDF
Abridged model	31/12/2016	10/03/2017	23/03/2017	French	PDF
Abridged model	31/12/2015	13/05/2016	20/05/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	01/06/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	30/06/2014	French	PDF
Abridged model	31/12/2012	08/03/2013	15/03/2013	French	PDF
Abridged model	31/12/2011	30/03/2012	23/04/2012	French	PDF
Abridged model	31/12/2010	01/04/2011	11/04/2011	French	PDF
Abridged model	31/12/2009	26/03/2010	26/03/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	23/06/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 6 ended

Active mandates

HG Management

Verwalter · since 27 mars 2020 · 0745.848.638

Represented by Serge Hönders

Active

Ended mandates

HG Management

Verwalter · since 27 mars 2020 · 0745.848.638

Represented by Serge Hönders

Ended

Serge Hönders

Mandate · since 28 juin 2019 · until 27 mars 2020

Ended

Serge Hönders

Managing director · since 28 juin 2019

Ended

GEORGES PELZER

Manager · since 22 janvier 2008

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/04/2020
GESELLSCHAFTSNAME - ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates22/07/2019
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares10/11/2008
CAPITAL, ACTIONS - DIVERS
PDF
Other24/01/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202522,6 k €↓
2024
Annual accounts 202465,1 k €↑
2023
Annual accounts 202331,5 k €↓
2022
Annual accounts 202270,4 k €↑
2021
Annual accounts 202134 k €↑
2020
Annual accounts 202013,1 k €↑
2019
Annual accounts 2019-20,5 k €↓
2019
Name changeHönders Systeme
2018
Annual accounts 201835,4 k €↓
2017
Annual accounts 201753,5 k €↓
2016
Annual accounts 201667 k €↑
2015
Annual accounts 201526,7 k €↓
2014
Annual accounts 201435,3 k €↑
2013
Annual accounts 201313,3 k €↓
2012
Annual accounts 201242,9 k €↑
2011
Annual accounts 201115,9 k €↑
2010
Annual accounts 20101,1 k €↓
2009
Annual accounts 200920,9 k €↑
2008
Annual accounts 2008-7,4 k €
22/01/2008
IncorporationPrivate limited company
2008
Name changeTOR AUTOMATIK - ELEKTRO PELZER

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

HÖNDERS SYSTEME

Overview

What does HÖNDERS SYSTEME do?

Trend over 18 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