Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2 to 1.8.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
50 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HLB BELGIUM from Watermaal-Bosvoorde, company number BE0419280718, closed financial year 2025 with a result of € 17,766 after tax. For that financial year HLB BELGIUM recorded a gross margin of € 346,084 and equity of € 930,430. Compared with financial year 2024, the result moved from € 2,889 to € 17,766. 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 November 18, 2025.
€ 930,430
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,766
▲ € 14,877 vs 2024
Profit after tax over the fiscal year.
€ 105,414
▲ € 82,011 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 € 676,834.
People and assets in 2025
1.8
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 196,246
▼ 11% vs 2024
€ 109,000 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.
€ 103,424
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 393,410
▲ 201% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,953
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 276,374 | € 280,447 | € 359,558 | € 346,084 | ▼ 4% |
| Profit after taxes | € 6,974 | € 9,221 | € 2,889 | € 17,766 | ▲ € 14,877 |
| Equity | € 900,554 | € 909,775 | € 912,664 | € 930,430 | ▲ 2% |
| Total debts | € 1,426,209 | € 1,214,558 | € 1,421,817 | € 1,730,932 | ▲ 22% |
| Cash | € 165,145 | € 51,341 | € 23,404 | € 105,414 | ▲ € 82,011 |
| Retained profit | € 646,958 | € 656,179 | € 659,068 | € 676,834 | ▲ 3% |
| Bank debt | € 0 | € 107,740 | € 162,559 | € 0 | ▼ 100% |
| Balance sheet total | € 2,326,762 | € 2,124,334 | € 2,334,481 | € 2,661,362 | ▲ 14% |
| Employees (FTE) | 2.3 | 2 | 1.9 | 1.8 | ▼ 0.1 |
Key figures of HLB BELGIUM, 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 January 2027.
What happened to HLB BELGIUM?
What happened at HLB BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ATALCO SRL stepped down as director. NBB
- SUDEL SRL stepped down as director. NBB
- P. VAN IMPE & C° SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 17,766 (▲ € 14,877 vs 2024). Source: NBB ↗
- PIA Group BeLux SA became a director. NBB
- ATALCO SRL became a director. NBB
- SUDEL SRL became a director. NBB
- P. VAN IMPE & C° SRL became a director. NBB
In short
From € 6,974 profit in 2022 to € 17,766 profit in 2025.
Paid € 9,392 in corporate taxes since 2022.
Best year ever: 2025, with € 17,766 profit.
On average € 192,300 of value added per employee in 2025.
Management
The stake of PIA Group BeLux comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HLB BELGIUMBehind HLB BELGIUM are G. Cox SComm and PIA Group BeLux SA. The shares are held by PIA Group BeLux (100%). It owns 100% of HLB DODEMONT-VAN IMPE & C°, 100% of HLB LEGAL SERVICES and 100% of HLB SEFICO itself.
Directors
According to the 2025 annual accounts
Director · represented by Steven BROUCKAERT
Also active at: HLB LEGAL SERVICES, ACKMO ACCOUNTANTS & TAX ADVISERS, thg Bruxelles, Verschaeren & Mertens, SANDERS ACCOUNTING & CONSULTING, PME ASSISTANCE, VAN LOOY ACCOUNTANTS, AccountingTeam +67 more
since 2025
Director · represented by Wladimir VANDERBAUWEDE
Also active at: HLB LEGAL SERVICES, HLB SEFICO
since 2022 · until 2026
Director · represented by André GARNIER
Also active at: HLB LEGAL SERVICES, HLB DODEMONT - VAN IMPE & Co, HLB SEFICO
since 2022 · until 2026
Director · represented by Patrick VAN IMPE
Also active at: HLB LEGAL SERVICES, HLB DODEMONT - VAN IMPE & Co, HLB SEFICO
since 2022 · until 2026
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 166
1170 Watermaal-Bosvoorde
Nijverheidskaai(Kor) 3 box 3/0002
8500 Kortrijk
Active since 3 March 2014
Quai des Vennes 18-20
4020 Liège
Active since 1 July 2014
Berchemstadionstraat 76 box 9
2600 Antwerpen
Active since 1 July 2014
Rue Santos - Dumont 3 box 8
6041 Charleroi
Active since 1 July 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 50 companies are registered at this address.
All companies at this address →HLB LEGAL SERVICES same network
€ 8,327 gross margin · 2025
Glaverbel
Chambre des Urbanistes de Belgique
IM Ultrasonic Belgium
€ -11,018 gross margin · 2025
AGENCE ET PROMOTION IMMOBILIERES
€ 28,264 gross margin · 2025
+45 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
- 0419.280.718
- VAT number
- BE 0419.280.718
- Registered office
- Terhulpsesteenweg 166, 1170 Watermaal-Bosvoorde
- Names & denominations
- HLB BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 1979
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Overige fiscale dienstverlening
Boekhouders
Boekhouders en boekhouders-fiscalisten
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige rechtskundige dienstverlening
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering