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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
HENCORP from Houffalize, company number BE0432574270, closed financial year 2025 with a result of € -96,822 after tax. For that financial year HENCORP recorded a gross margin of € 1.1 million and equity of € 556,007. Compared with financial year 2024, the result moved from € -289,580 to € -96,822. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 556,007
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -96,822
▲ 67 % less loss than in 2024
Profit after tax over the fiscal year.
€ 72,582
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 254,034.
People and assets in 2025
20.6
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 792,630
▲ 4% vs 2024
€ 38,500 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.
€ 1,050
▼ 84% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▲ 71% vs 2024
€ 124,304 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 321,177
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 82,969
▼ 19% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 813,886 | € 801,893 | € 742,863 | € 1,055,702 | ▲ 42% |
| Profit after taxes | € 47,066 | € -18,488 | € -289,580 | € -96,822 | ▲ € 192,758 |
| Equity | € 960,898 | € 942,410 | € 652,829 | € 556,007 | ▼ 15% |
| Total debts | € 496,324 | € 355,043 | € 1,528,520 | € 2,204,713 | ▲ 44% |
| Cash | € 705,903 | € 445,332 | € 112,366 | € 72,582 | ▼ 35% |
| Land & buildings | € 667,608 | € 627,731 | € 1,378,439 | € 1,648,658 | ▲ 20% |
| Retained profit | € 658,925 | € 640,436 | € 350,856 | € 254,034 | ▼ 28% |
| Bank debt | € 64,435 | € 12,547 | € 966,459 | € 1,654,245 | ▲ 71% |
| Balance sheet total | € 1,497,848 | € 1,354,419 | € 2,205,651 | € 2,778,151 | ▲ 26% |
| Employees (FTE) | 17.7 | 16.9 | 21.7 | 20.6 | ▼ 1.1 |
Key figures of HENCORP, 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 HENCORP?
What happened at HENCORP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HOSPITALITY BELGIUM BV stepped down as director. NBB
- HYGEIA PROJECTS BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 96,822. Source: NBB ↗
- HOSPITALITY BELGIUM BV became a director. NBB
- HYGEIA PROJECTS BV became a director. NBB
- New establishment in Houffalize. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,066 profit in 2022 to € 96,822 loss in 2025.
Paid € 45,954 in corporate taxes since 2022.
Best year ever: 2022, with € 47,066 profit.
On average € 51,200 of value added per employee in 2025.
Management
The stake of B.A.A.A.T. CORPORATION comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HENCORPThe shares are held by B.A.A.A.T. CORPORATION (100%).
Directors
According to the 2025 annual accounts
Director · represented by VERMEIREN THIERRY
Also active at: B.A.A.A.T. CORPORATION
since 2023 · until 2029
Director · represented by VANSTALLEN MICHEL
Also active at: SIMPLICITY MANAGEMENT, B.A.A.A.T. CORPORATION
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Pont 10
6660 Houffalize
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0432.574.270
- VAT number
- BE 0432.574.270
- Registered office
- Rue du Pont 10, 6660 Houffalize
- Names & denominations
- HENCORP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 November 1987
- Peppol
- Active · Active since 29 Jul 2025
- Contact
- [email protected] +32473830127
- Activities · NACE
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