Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Harelbeekse Houtzagerij from Harelbeke, company number BE0405419517, closed financial year 2025 with a result of € -3.6 million after tax. For that financial year Harelbeekse Houtzagerij recorded a gross margin of € 791,244 and equity of € -3.5 million. Compared with financial year 2024, the result moved from € -38,137 to € -3.6 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 22, 2026.
€ -3.5 million
▼ € 3.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.6 million
▼ 9300 % more loss than in 2024
Profit after tax over the fiscal year.
€ 159,938
▲ 283% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.6 million.
People and assets in 2025
13.8
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 712,372
▼ 10% vs 2024
€ 51,600 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.
Debts at end 2025
€ 5.1 million
Loans from banks and other lenders, long and short.
€ 169,174
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 74,739
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,652,796 | € 863,275 | € 946,427 | € 791,244 | ▼ 16% |
| Profit after taxes | € -2,905 | € 46,640 | € -38,137 | € -3,584,665 | ▼ € 3.5 million |
| Equity | € 111,197 | € 157,837 | € 119,701 | € -3,464,964 | ▼ € 3.6 million |
| Total debts | € 5,433,849 | € 5,636,518 | € 5,710,242 | € 5,922,296 | ▲ 4% |
| Cash | € 44,815 | € 132,991 | € 41,772 | € 159,938 | ▲ 283% |
| Land & buildings | € 94,548 | € 112,892 | € 21,455 | € 19,030 | ▼ 11% |
| Retained profit | € 8,748 | € 55,388 | € 17,252 | € -3,567,413 | ▼ € 3.6 million |
| Bank debt | € 4,883,992 | € 5,130,232 | € 5,130,232 | € 5,130,232 | |
| Balance sheet total | € 5,545,046 | € 5,794,355 | € 5,829,942 | € 5,907,332 | ▲ 1% |
| Employees (FTE) | 12.6 | 13.5 | 15.6 | 13.8 | ▼ 1.8 |
Key figures of Harelbeekse Houtzagerij, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 July 2027.
What happened to Harelbeekse Houtzagerij?
What happened at Harelbeekse Houtzagerij in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.6 million. filed late Source: NBB ↗
- Vlimex NV became a director. NBB
- Pepijn Descamps became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Harelbeke. KBO
In short
From € 2,905 loss in 2022 to € 3.6 million loss in 2025.
Paid € 3.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 46,640 profit.
On average € 57,300 of value added per employee in 2025.
Management
Behind Harelbeekse Houtzagerij are Vlimex NV and Pepijn Descamps. Vlimex NV is also behind HUYS CONCEPT, DE LEIEBOORDEN, De Betaalbare Woning, OMNIPLEX and ARCOM.
Directors
According to the 2025 annual accounts
Managing director · represented by Jozef Van Bogaert
Also active at: HUYS CONCEPT, DE LEIEBOORDEN, De Betaalbare Woning, OMNIPLEX, ARCOM, M & V Projects, RESIDENCE LE CHRIST, Four Friends +4 more
since 2021
Pepijn Descamps
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Gentsesteenweg 184
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0405.419.517
- VAT number
- BE 0405.419.517
- Registered office
- Gentsesteenweg 184, 8530 Harelbeke
- Names & denominations
- Harelbeekse Houtzagerij
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 1968
- Peppol
- Active · Active since 10 Dec 2025
- Contact
- hhz.be
- Activities · NACE
Zagen en schaven van hout
Groothandel in hout
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Vervaardiging van fineer en van panelen op basis van hout
Handelsbemiddeling in de groothandel in brandstoffen, ertsen, metalen en chemische producten
Detailhandel in vaste, vloeibare en gasvormige brandstoffen, muv motorbrandstoffen
Vervaardiging van panelen en platen van hout
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering