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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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HLF from Etterbeek, company number BE0419902805, closed financial year 2025 with a result of € 189,113 after tax. For that financial year HLF recorded a gross margin of € -48,481 and equity of € 24.3 million. Compared with financial year 2024, the result moved from € 493,574 to € 189,113. The company is profitable. 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 December 15, 2025.
€ 24.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 189,113
▼ 62% vs 2024
Profit after tax over the fiscal year.
€ 524,658
▲ 114% 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 € 18.3 million.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 326,685
▲ 1% vs 2024
€ 163,300 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.
€ 19,416
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▼ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 23,983
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,322
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 103,846 | € 118,386 | - | - | |
| Gross margin | € -134,272 | € -196,595 | € -154,454 | € -48,481 | ▲ € 105,973 |
| Profit after taxes | € 630,922 | € 472,003 | € 493,574 | € 189,113 | ▼ 62% |
| Equity | € 93,150,876 | € 93,122,879 | € 24,116,453 | € 24,305,566 | ▲ 1% |
| Total debts | € 3,075,908 | € 3,377,910 | € 71,395,118 | € 1,805,599 | ▼ 97% |
| Cash | € 2,349,630 | € 413,454 | € 244,605 | € 524,658 | ▲ 114% |
| Land & buildings | € 4,314,787 | € 4,068,708 | € 4,040,265 | € 3,833,241 | ▼ 5% |
| Retained profit | € 87,107,306 | € 87,079,309 | € 18,072,883 | € 18,261,996 | ▲ 1% |
| Dividend | € 250,000 | € 500,000 | € 69,500,000 | € 0 | ▼ 100% |
| Bank debt | € 1,349,976 | € 1,299,983 | € 1,249,968 | € 1,199,964 | ▼ 4% |
| Balance sheet total | € 100,736,017 | € 101,005,501 | € 100,011,762 | € 30,606,835 | ▼ 69% |
| Employees (FTE) | 2 | 2 | 2 | 2 |
Key figures of HLF, 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 HLF?
What happened at HLF in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 189,113 (▼ 62% vs 2024). Source: NBB ↗
- Pierre-Jean Wallon became a director. NBB
- Christine Rasseneur became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 630,922 profit in 2022 to € 189,113 profit in 2025.
Paid € 880 in corporate taxes since 2022.
Best year ever: 2022, with € 630,922 profit.
Paid out € 70.3 million in dividends to the owners in total.
A new publication or filing at HLF? 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 HLF are Pierre-Jean Wallon and Christine Rasseneur. It owns 100% of Co-Louis itself.
Directors
According to the 2025 annual accounts
since 2023
Christine Rasseneur
Director
Also active at: Le Domaine de la Falize, EuroMobi, LA FALIZE GROUPE, MonBelImmo, BLS GESTION, GENERATION P ASIA, MAROVIA, ATYPIC Concept
since 2012
Establishments
Establishment units
Physical locations of this company
Louis Schmidtlaan 97
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.902.805
- VAT number
- BE 0419.902.805
- Registered office
- Louis Schmidtlaan 97, 1040 Etterbeek
- Names & denominations
- HLF
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 October 1979
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Overige fiscale dienstverlening
Accountants en belastingconsulenten