What does HESBAYEFROST do?

HESBAYEFROST is a food producer in Geer. Public Limited, started on 29 May 1985, 1 establishment.

What is the address of HESBAYEFROST?

The registered office of HESBAYEFROST is located at Rue Emile Lejeune(GR) 20, 4250 Geer.

Is HESBAYEFROST still active?

Yes. According to the CBE (29 October 2026) HESBAYEFROST is active, legal situation “Normale toestand”, started on 29 May 1985.

Is HESBAYEFROST registered on Peppol?

Yes, HESBAYEFROST is registered on the Peppol network with ID 0208:0427405457.

What is the enterprise number of HESBAYEFROST?

The enterprise number of HESBAYEFROST is BE0427405457.

When was HESBAYEFROST founded?

HESBAYEFROST was founded on 29 May 1985.

Who are the directors of HESBAYEFROST?

According to the 2025 annual accounts, the directors of HESBAYEFROST are: SASTRACO BV, CD-X BV, VIMICON SRL, CIBUS CONSULT BV, SPINOLA BV, VASTICOM BV.

Is HESBAYEFROST a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 May 1985; 4 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account.

How much profit did HESBAYEFROST make in 2025?

HESBAYEFROST posted a profit after taxes of € 4,094,999 in financial year 2025.

What is the revenue of HESBAYEFROST?

In its most recent annual accounts (2025), HESBAYEFROST reported revenue of € 134,414,130.

How much does an employee at HESBAYEFROST earn?

The average wage cost per full-time employee at HESBAYEFROST was € 66,400 in 2025: staff costs of € 22.7 million for 342.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does HESBAYEFROST have?

According to the 2025 annual accounts, HESBAYEFROST has 342.1 full-time equivalents (FTE).

HESBAYEFROST (Public Limited) - Geer - BE0427405457

Dossier HESBAYEFROST, printed on 29 October 2026 from databakkes.be/en/0427405457/hesbayefrost. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 35 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

HESBAYEFROST from Geer, company number BE0427405457, closed financial year 2025 with a result of € 4.1 million after tax. For that financial year HESBAYEFROST recorded revenue of € 134.4 million and equity of € 32.9 million. Compared with financial year 2024, the result moved from € 13.6 million to € 4.1 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 18, 2025.

What it is worth Growing

€ 32.9 million

▲ 14% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 4.1 million

▼ 70% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 63,224

▲ 112% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 30.7 million.

People and assets in 2025

Full-time equivalents

342.1

▲ 3.8 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 21 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 22.7 million

▲ 5% vs 2024

€ 66,400 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.

Vehicles and equipment

€ 615,820

▲ 25% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 33.1 million

▲ 2% vs 2024

€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 31 million

▲ 67% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 113 days on average.

Taxes and wages

€ 4.4 million

▲ 6% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 103,899,881 Revenue 2022: € 103,899,881 First fiscal year in the series	€ 130,002,286 Revenue 2023: € 130,002,286 ▲ 25% vs 2022 (€ 103,899,881) Favourable step	€ 143,789,334 Revenue 2024: € 143,789,334 ▲ 11% vs 2023 (€ 130,002,286) Favourable step	€ 134,414,130 Revenue 2025: € 134,414,130 ▼ 7% vs 2024 (€ 143,789,334) Unfavourable step	▼ 7%
Profit after taxes	€ 1,728,723 Profit after taxes 2022: € 1,728,723 First fiscal year in the series	€ 11,294,606 Profit after taxes 2023: € 11,294,606 ▲ € 9.6 million vs 2022 (€ 1,728,723) Favourable step	€ 13,613,674 Profit after taxes 2024: € 13,613,674 ▲ 21% vs 2023 (€ 11,294,606) Favourable step	€ 4,094,999 Profit after taxes 2025: € 4,094,999 ▼ 70% vs 2024 (€ 13,613,674) Unfavourable step	▼ 70%
Equity	€ 15,950,294 Equity 2022: € 15,950,294 First fiscal year in the series	€ 23,244,899 Equity 2023: € 23,244,899 ▲ 46% vs 2022 (€ 15,950,294) Favourable step	€ 28,854,965 Equity 2024: € 28,854,965 ▲ 24% vs 2023 (€ 23,244,899) Favourable step	€ 32,949,964 Equity 2025: € 32,949,964 ▲ 14% vs 2024 (€ 28,854,965) Favourable step	▲ 14%
Total debts	€ 59,406,753 Total debts 2022: € 59,406,753 First fiscal year in the series	€ 52,937,861 Total debts 2023: € 52,937,861 ▼ 11% vs 2022 (€ 59,406,753) Favourable step	€ 55,190,929 Total debts 2024: € 55,190,929 ▲ 4% vs 2023 (€ 52,937,861) Unfavourable step	€ 69,320,540 Total debts 2025: € 69,320,540 ▲ 26% vs 2024 (€ 55,190,929) Unfavourable step	▲ 26%
Cash	€ 6,643 Cash 2022: € 6,643 First fiscal year in the series	€ 50,314 Cash 2023: € 50,314 ▲ € 43,672 vs 2022 (€ 6,643) Favourable step	€ 29,819 Cash 2024: € 29,819 ▼ 41% vs 2023 (€ 50,314) Unfavourable step	€ 63,224 Cash 2025: € 63,224 ▲ 112% vs 2024 (€ 29,819) Favourable step	▲ 112%
Land & buildings	€ 4,169,530 Land & buildings 2022: € 4,169,530 First fiscal year in the series	€ 3,851,385 Land & buildings 2023: € 3,851,385 ▼ 8% vs 2022 (€ 4,169,530) Unchanged	€ 3,898,855 Land & buildings 2024: € 3,898,855 ▲ 1% vs 2023 (€ 3,851,385) Unchanged	€ 4,265,870 Land & buildings 2025: € 4,265,870 ▲ 9% vs 2024 (€ 3,898,855) Unchanged	▲ 9%
Retained profit	€ 13,740,294 Retained profit 2022: € 13,740,294 First fiscal year in the series	€ 21,034,899 Retained profit 2023: € 21,034,899 ▲ 53% vs 2022 (€ 13,740,294) Favourable step	€ 26,644,965 Retained profit 2024: € 26,644,965 ▲ 27% vs 2023 (€ 21,034,899) Favourable step	€ 30,739,964 Retained profit 2025: € 30,739,964 ▲ 15% vs 2024 (€ 26,644,965) Favourable step	▲ 15%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 4,000,000 Dividend 2023: € 4,000,000 Unchanged (€ 0) Unchanged	€ 8,000,000 Dividend 2024: € 8,000,000 ▲ 100% vs 2023 (€ 4,000,000) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 8,000,000) Unchanged	▼ 100%
Bank debt	€ 36,748,572 Bank debt 2022: € 36,748,572 First fiscal year in the series	€ 28,514,286 Bank debt 2023: € 28,514,286 ▼ 22% vs 2022 (€ 36,748,572) Favourable step	€ 32,480,000 Bank debt 2024: € 32,480,000 ▲ 14% vs 2023 (€ 28,514,286) Unfavourable step	€ 33,143,572 Bank debt 2025: € 33,143,572 ▲ 2% vs 2024 (€ 32,480,000) Unfavourable step	▲ 2%
Balance sheet total	€ 75,457,047 Balance sheet total 2022: € 75,457,047 First fiscal year in the series	€ 77,072,760 Balance sheet total 2023: € 77,072,760 ▲ 2% vs 2022 (€ 75,457,047) Unchanged	€ 84,595,894 Balance sheet total 2024: € 84,595,894 ▲ 10% vs 2023 (€ 77,072,760) Unchanged	€ 103,570,504 Balance sheet total 2025: € 103,570,504 ▲ 22% vs 2024 (€ 84,595,894) Unchanged	▲ 22%
Employees (FTE)	336.8 Employees (FTE) 2022: 336.8 First fiscal year in the series	327.9 Employees (FTE) 2023: 327.9 ▼ 8.9 vs 2022 (336.8) Unchanged	338.3 Employees (FTE) 2024: 338.3 ▲ 10.4 vs 2023 (327.9) Unchanged	342.1 Employees (FTE) 2025: 342.1 ▲ 3.8 vs 2024 (338.3) Unchanged	▲ 3.8

Key figures of HESBAYEFROST, 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 HESBAYEFROST?

What happened at HESBAYEFROST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 VIMICON SRL stepped down as director. NBB
2028 SASTRACO BV stepped down as director. NBB
2028 CD-X BV stepped down as director. NBB
2028 CIBUS CONSULT BV stepped down as director. NBB
2028 VASTICOM BV stepped down as director. NBB
2026 SPINOLA BV stepped down as director. NBB
Dec 18, 2025 New annual accounts for financial year 2025: profit of € 4.1 million (▼ 70% vs 2024). Source: NBB ↗
2025 SASTRACO BV became a director. NBB

In short

From € 1.7 million profit in 2022 to € 4.1 million profit in 2025.

Paid € 11 million in corporate taxes since 2022.

Best year ever: 2024, with € 13.6 million profit.

Paid out € 12 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

ARDO FOODS 50%

Crop's Vegetables 50%

The stake of ARDO FOODS, Crop's Vegetables comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

HESBAYEFROST

APLIGEER 24.9%

BIOGAS DEVELOPPEMENT 24.8%

The shares are held by ARDO FOODS (50%) and Crop's Vegetables (50%). It owns 24.9% of APLIGEER and 24.8% of BIOGAS DEVELOPPEMENT itself.