Active · per the CBE, 29 September 2026
HQ38 logo

HQ38

BE0432741843

Rechtspersoon Public limited company 2 establishments

HQ38 is an advertising agency in Hasselt. Public Limited, started on 10 November 1987, 2 establishments.

Koningin Astridlaan 38, 3500 Hasselt rca.be 011/590.590 [email protected]

Active for

38 year, 10 months

Financials

Financial year 2025

HQ38 from Hasselt, company number BE0432741843, closed financial year 2025 with a result of € 248,372 after tax. For that financial year HQ38 recorded revenue of € 199,861 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 131,957 to € 248,372. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.

What it is worth Healthy

€ 1.3 million

▼ 9% vs 2024

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

Profit Growing

€ 248,372

▲ 88% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 0

▼ 100% vs 2024

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

Where the profit goes Pays out

€ 380,329 paid out

More than the year’s profit went to the shareholders; reserves fell.

Debts at end 2025

Bank debt ≈ 5 years to go

€ 1.2 million

▼ 15% vs 2024

€ 234,877 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 1,718

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 102,050

▼ 63% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Revenue € 17,608,260 € 16,512,941 € 213,282 € 199,861 ▼ 6%
Profit after taxes € 1,103,167 € 683,374 € 131,957 € 248,372 ▲ 88%
Equity € 2,343,243 € 3,026,617 € 1,436,449 € 1,304,493 ▼ 9%
Total debts € 6,354,927 € 6,462,413 € 1,789,455 € 1,753,353 ▼ 2%
Cash € 1,083,623 € 256,597 € 508,482 € 0 ▼ 100%
Land & buildings € 1,922,948 € 1,900,161 € 1,510,233 € 1,504,072
Retained profit € 2,163,243 € 2,846,617 € 1,358,957 € 1,227,001 ▼ 10%
Dividend € 600,000 € 0 € 0 € 380,329
Bank debt € 2,506,033 € 2,906,431 € 1,427,325 € 1,210,022 ▼ 15%
Balance sheet total € 8,698,170 € 9,489,030 € 3,225,905 € 3,057,846 ▼ 5%
Employees (FTE) 46.5 49.5 - -

Key figures of HQ38, 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 HQ38?

What happened at HQ38 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • Mad stepped down as director. NBB
  • Mellemans stepped down as director. NBB
  • Bladwitt stepped down as director. NBB
  • New annual accounts for financial year 2025: profit of € 248,372 (▲ 88% vs 2024). Source: NBB ↗
  • Mad became a director. NBB
  • Mellemans became a director. NBB
  • Bladwitt became a director. NBB
  • New establishment in Brussel. KBO

In short

From € 1.1 million profit in 2022 to € 248,372 profit in 2025.

Paid € 812,894 in corporate taxes since 2022.

Best year ever: 2022, with € 1.1 million profit.

Paid out € 980,329 in dividends to the owners in total.

Management

RCA 38 100%

The stake of RCA 38 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

HQ38

The shares are held by RCA 38 (100%).

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Directors

According to the 2025 annual accounts

Mad

Director · represented by Elly Huysmans

Also active at: SIVAC, Ariël Facilitaire Diensten, DILITO, Job Expert, STIMMER, sQills, HEAD OFFICE, Media38 +27 more

since 2024 · until 2030

Mellemans

Director · represented by Jo Mellemans

Also active at: SIVAC, Ariël Facilitaire Diensten, DILITO, Job Expert, STIMMER, sQills, HEAD OFFICE, Media38 +28 more

since 2024 · until 2030

Bladwitt

Managing director · represented by Tom Van den Bergh

Also active at: HEAD OFFICE, Media38, Born Digital, RCA 38, RCA X NIGHTINGALE, RCA

since 2024 · until 2030

Shareholders

RCA 38

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Koningin Astridlaan 38

3500 Hasselt

2.203.733.892

Kantersteen 47

1000 Brussel

Active since 1 January 2011

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 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

Adobe FontsDrupalGoogle Tag ManagerjQuery

Hosting & Email

Email provider

Microsoft 365

Hosting

LEVEL27-AS * Please direct all complaints to [email protected] *, BE

Website info

HTTPS Ja
Languages EN, FR, NL

Features

Webshop Blog Jobs Newsletter Ads Contact page

Security

✓ HTTPS
✓ SPF
✓ DMARC

Network

✓ IPv6

Details

Company number
0432.741.843
VAT number
BE 0432.741.843
Registered office
Koningin Astridlaan 38, 3500 Hasselt
Names & denominations
HQ38
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Normale toestand
Start date
10 November 1987
Peppol
Active · Active since 27 Jul 2026
Activities · NACE

Activiteiten van reclamebureaus

Frequently asked questions

What does HQ38 do?
HQ38 is an advertising agency in Hasselt. Public Limited, started on 10 November 1987, 2 establishments.
What is the address of HQ38?
The registered office of HQ38 is located at Koningin Astridlaan 38, 3500 Hasselt.
Is HQ38 still active?
Yes. According to the CBE (29 September 2026) HQ38 is active, legal situation “Normale toestand”, started on 10 November 1987.
Is HQ38 registered on Peppol?
Yes, HQ38 is registered on the Peppol network with ID 0208:0432741843.
What is the enterprise number of HQ38?
The enterprise number of HQ38 is BE0432741843.
When was HQ38 founded?
HQ38 was founded on 10 November 1987.