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 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HECTAAR from Roeselare, company number BE0883206675, closed financial year 2025 with a result of € 7 million after tax. For that financial year HECTAAR recorded revenue of € 47.1 million and equity of € 25.6 million. Compared with financial year 2024, the result moved from € 4.2 million to € 7 million. 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 July 13, 2026.
€ 25.6 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7 million
▲ 67% vs 2024
Profit after tax over the fiscal year.
€ 111,540
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6.8 million paid out
98 % of the profit went to the shareholders, mostly to MODDER (50 % of the shares). That is where the money ends up.
People and assets in 2025
21.9
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 4% vs 2024
€ 78,100 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.
€ 106,715
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.7 million
▼ 60% vs 2024
€ 208,779 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1.4 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 11 days on average.
€ 634,634
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 36,025,965 | € 42,131,964 | € 50,183,569 | € 47,129,144 | ▼ 6% |
| Profit after taxes | € 6,276,859 | € 5,841,382 | € 4,176,592 | € 6,973,298 | ▲ 67% |
| Equity | € 19,563,759 | € 23,305,140 | € 25,381,732 | € 25,555,030 | ▲ 1% |
| Total debts | € 6,039,043 | € 16,518,192 | € 16,677,544 | € 12,900,857 | ▼ 23% |
| Cash | € 274,248 | € 667,917 | € 248,518 | € 111,540 | ▼ 55% |
| Land & buildings | € 2,758,984 | € 5,246,938 | € 5,100,337 | € 4,892,228 | ▼ 4% |
| Retained profit | € 19,313,759 | € 23,055,140 | € 25,131,732 | € 25,305,030 | ▲ 1% |
| Dividend | € 1,100,000 | € 2,100,000 | € 2,100,000 | € 6,800,000 | ▲ 224% |
| Bank debt | € 2,260,525 | € 6,904,950 | € 9,215,047 | € 3,706,811 | ▼ 60% |
| Balance sheet total | € 25,602,801 | € 39,861,067 | € 42,095,123 | € 38,489,848 | ▼ 9% |
| Employees (FTE) | 16.7 | 18.7 | 21 | 21.9 | ▲ 0.9 |
Key figures of HECTAAR, 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 HECTAAR?
What happened at HECTAAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vender bv stepped down as director. NBB
- Modder bv stepped down as director. NBB
- Mabeja bv stepped down as director. NBB
- Alltope bv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7 million (▲ 67% vs 2024). Source: NBB ↗
- Vender bv became a director. NBB
- Mabeja bv became a director. NBB
- Modder bv became a director. NBB
In short
From € 6.3 million profit in 2022 to € 7 million profit in 2025.
Paid € 6.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 7 million profit.
Paid out € 12.1 million in dividends to the owners in total.
Management
The stake of MODDER, ALLTOPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HECTAARThe shares are held by MODDER (50%) and ALLTOPE (50%). It owns 50% of GROENE POORT DREEF itself.
Directors
According to the 2025 annual accounts
since 2026 · until 2032
Managing director · represented by Mathias Vandaele
Also active at: ROFIO S, Wünder, Afriwise, Natuursteen Familie, FLUO, KASTER KEUKENS, DAGMAAT, KASTER CONSTRUCT +3 more
since 2024 · until 2032
since 2026 · until 2032
Managing director · represented by Jan Masschelein, Benoît Masschelein
Also active at: ROFIO S, Natuursteen Familie, FLUO, KASTER KEUKENS, KASTER CONSTRUCT, LANDMAAT
since 2024 · until 2032
Participations
Establishments
Establishment units
Physical locations of this company
Armoedestraat 40 box 51
8800 Roeselare
Assesteenweg 71/201
1740 Ternat
Active since 27 February 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →ROFIO S same network
€ 323,658 gross margin · 2025
GROENE POORT DREEF same network
€ 472,599 gross margin · 2025
FLUO same network
€ 138,442 gross margin · 2025
GRONDMAAT same network
€ -249 gross margin · 2026
LANDMAAT same network
€ 29.5 million revenue · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0883.206.675
- VAT number
- BE 0883.206.675
- Registered office
- Armoedestraat 40 bus 51, 8800 Roeselare
- Names & denominations
- HECTAAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 August 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in eigen onroerend goed
Handel in onroerend goed
Verhuur van woningen, exclusief sociale woningen
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
+1