ACTIVE

HÖNDERS SYSTEME

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Financial year 2025 · Closed on 31/12/2025

Net result22,6 k €-65,2 %over 1 year

Gross margin241,8 k €-30,4 %over 1 year

Equity267,4 k €+8,9 %over 1 year

Workforce4,0 ETP-9,1 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 18 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	51,1 k €	-53.0%	108,8 k €	+46.7%	74,2 k €	-45.2%	135,4 k €	+58.7%	85,3 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 €
Net result	22,6 k €	-65.2%	65,1 k €	+107%	31,5 k €	-55.3%	70,4 k €	+107%	34 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 €
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 €
Cash	50,9 k €	+4.2%	48,9 k €	-35.8%	76,1 k €	-10.4%	85 k €	+44.7%	58,7 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 €
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

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HG Management0745.848.638Represented by Serge Hönders	Verwaltersince 27/03/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Serge Hönders	Mandate28/06/2019 → 27/03/2020Managing director28/06/2019 → 2019 accounts
GEORGES PELZER	Manager22/01/2008 → 2018 accounts

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
HG Management0745.848.638Represented by Serge Hönders	Verwaltersince 27/03/2020

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Serge Hönders	Mandate28/06/2019 → 27/03/2020Managing director28/06/2019 → 2019 accounts
GEORGES PELZER	Manager22/01/2008 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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
Quasi-apport: dépôt du rapport du réviseur d'entreprises et du rapport
PDF
Other24/01/2008
Constitution - Nominations
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

HG Management

Serge Hönders

GEORGES PELZER

Raphael Pelzer

2008200920102011201220132014201520162017201820192020202120222023202420252026

HÖNDERS SYSTEMETOR AUTOMATIK - ELEKTRO PELZER

Eupener Strasse 53, 4731 Eynatten

Verwalter

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Eupener Strasse 53, 4731 EynattenCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00357412

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HÖNDERS SYSTEMECurrent	accounts 2019 → 2025	Accounts 2025 · 2026-00357412
TOR AUTOMATIK - ELEKTRO PELZER	accounts 2008 → 2018	Accounts 2018 · 2019-19300222

Events

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

HÖNDERS SYSTEME

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events