Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MOLENWATER GROEP from Herentals, company number BE0819868744, closed financial year 2025 with a result of € 506,603 after tax. For that financial year MOLENWATER GROEP recorded a gross margin of € 318,013 and equity of € 5.1 million. Compared with financial year 2024, the result moved from € 327,473 to € 506,603. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 5.1 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 506,603
▲ 55% vs 2024
Profit after tax over the fiscal year.
€ 45,007
▲ 6% 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 € -912,016.
People and assets in 2025
3.4
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 238,706
▲ 35% vs 2024
€ 70,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,920
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11 million
▼ 33% vs 2024
Loans from banks and other lenders, long and short.
€ 40,562
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 90,002
▲ 151% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 911,198 | € 306,057 | € 98,918 | € 318,013 | ▲ 221% |
| Profit after taxes | € 76,246 | € -77,408 | € 327,473 | € 506,603 | ▲ 55% |
| Equity | € 4,331,316 | € 4,253,908 | € 4,581,381 | € 5,087,984 | ▲ 11% |
| Total debts | € 34,876,295 | € 21,226,465 | € 21,958,041 | € 20,774,610 | ▼ 5% |
| Cash | € 69,338 | € 190,500 | € 42,613 | € 45,007 | ▲ 6% |
| Land & buildings | € 14,795,211 | € 0 | - | - | |
| Retained profit | € -1,668,684 | € -1,746,092 | € -1,418,619 | € -912,016 | ▲ € 506,603 |
| Bank debt | € 26,891,446 | € 16,500,000 | € 16,500,000 | € 10,980,000 | ▼ 33% |
| Balance sheet total | € 39,207,611 | € 25,480,373 | € 26,539,422 | € 25,862,595 | ▼ 3% |
| Employees (FTE) | 1.9 | 2.5 | 2.5 | 3.4 | ▲ 0.9 |
Key figures of MOLENWATER GROEP, 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 MOLENWATER GROEP?
What happened at MOLENWATER GROEP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 506,603 (▲ 55% vs 2024). Source: NBB ↗
- Emma Hendrickx became a director. NBB
- Elisabeth Hendrickx became a director. NBB
- Eddy Hendrickx became a director. NBB
- Ilse De Reze became a director. NBB
- New establishment in Herentals. KBO
- Start of the company according to the CBE. KBO
In short
From € 76,246 profit in 2022 to € 506,603 profit in 2025.
Paid € 7,174 in corporate taxes since 2022.
Best year ever: 2025, with € 506,603 profit.
On average € 93,500 of value added per employee in 2025.
A new publication or filing at MOLENWATER GROEP? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MOLENWATER GROEP are Eddy Hendrickx, Ilse De Reze, Elisabeth Hendrickx and Emma Hendrickx. Eddy Hendrickx is also behind HEAT 21 and DE VOORZIENING. Ilse De Reze is also behind H estate N.V., HEAT 21, Albertstroom and VITRI. Elisabeth Hendrickx is also behind H estate N.V..
Directors
According to the 2025 annual accounts
since 2015
since 2015
since 2020
Emma Hendrickx
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Wolstraat(HRT) 35 box 1
2200 Herentals
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0819.868.744
- VAT number
- BE 0819.868.744
- Registered office
- Wolstraat(HRT) 35 bus 1, 2200 Herentals
- Names & denominations
- MOLENWATER GROEP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 2009
- Peppol
- Active · Active since 27 Mar 2026
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