Financials
Financial year 2025
HENREC from Ittre, company number BE0436969954, closed financial year 2025 with a result of € 697,517 after tax. For that financial year HENREC recorded a gross margin of € 1.4 million and equity of € 2.5 million. Compared with financial year 2024, the result moved from € 203,320 to € 697,517. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 2.5 million
▲ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 697,517
▲ 243% vs 2024
Profit after tax over the fiscal year.
€ 677,261
▲ 281% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 906,531.
Debts at end 2025
€ 3.3 million
▼ 8% vs 2024
€ 292,520 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 119,423
▲ 245% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,783
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 502,848 | € 536,800 | € 536,437 | € 1,412,886 | ▲ 163% |
| Profit after taxes | € 173,544 | € 211,663 | € 203,320 | € 697,517 | ▲ 243% |
| Equity | € 1,369,031 | € 1,580,694 | € 1,784,014 | € 2,481,531 | ▲ 39% |
| Total debts | € 4,265,593 | € 3,941,653 | € 3,665,308 | € 3,455,616 | ▼ 6% |
| Cash | € 245,852 | € 234,417 | € 177,659 | € 677,261 | ▲ 281% |
| Land & buildings | € 5,419,103 | € 5,222,889 | € 5,017,130 | € 5,519,450 | ▲ 10% |
| Retained profit | € -205,969 | € 5,694 | € 209,014 | € 906,531 | ▲ € 697,517 |
| Bank debt | € 4,147,548 | € 3,862,746 | € 3,575,394 | € 3,285,469 | ▼ 8% |
| Balance sheet total | € 5,671,436 | € 5,558,006 | € 5,483,827 | € 6,199,685 | ▲ 13% |
Key figures of HENREC, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HENREC?
What happened at HENREC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 697,517 (▲ 243% vs 2024). Source: NBB ↗
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 173,544 profit in 2022 to € 697,517 profit in 2025.
Paid € 1,783 in corporate taxes since 2022.
Best year ever: 2025, with € 697,517 profit.
Management
Behind HENREC are Eric MESTDAGH, John MESTDAGH and Patrick MESTDAGH. Eric MESTDAGH is also behind VALOIS, MECCO-GOSSENT, CHARLIMO, EMHC and HANGAR. John MESTDAGH is also behind NICOLAS HAUBRECHTS ET CIE, MECCO-GOSSENT, GERNEL, MESTDAGH and FIDAGH.
Directors
According to the 2025 annual accounts
Eric MESTDAGH
Director
Also active at: VALOIS, MECCO-GOSSENT, CHARLIMO, EMHC, HANGAR, MYGROCERY, SF Company, SPY INVEST +1 more
John MESTDAGH
Managing director
Also active at: NICOLAS HAUBRECHTS ET CIE, MECCO-GOSSENT, GERNEL, MESTDAGH, FIDAGH, SUPERLOG, France DISTRIBUTION, M.J.C.M. +1 more
Patrick MESTDAGH
Director
Establishments
Establishment units
Physical locations of this company
Rue de Baudémont 47
1460 Ittre
Route de Philippeville 86
6010 Charleroi
Active since 26 April 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.969.954
- VAT number
- BE 0436.969.954
- Registered office
- Rue de Baudémont 47, 1460 Ittre
- Names & denominations
- HENREC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 1989
- Peppol
- Active · Active since 21 Feb 2026