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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
HUGAL from Overijse, company number BE0445878910, closed financial year 2025 with a result of € -6,735 after tax. For that financial year HUGAL recorded a gross margin of € 9,829 and equity of € -27,649. Compared with financial year 2024, the result moved from € -10,001 to € -6,735. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ -27,649
▼ € 6,735 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,735
▲ 33 % less loss than in 2024
Profit after tax over the fiscal year.
€ 472
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -176,386.
Debts at end 2025
€ 133,767
▼ 5% vs 2024
€ 7,370 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 400
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 9,588 | € 8,134 | € 10,250 | € 9,829 | ▼ 4% |
| Profit after taxes | € -2,657 | € -9,454 | € -10,001 | € -6,735 | ▲ € 3,266 |
| Equity | € -1,458 | € -10,913 | € -20,914 | € -27,649 | ▼ € 6,735 |
| Total debts | € 159,763 | € 160,184 | € 161,838 | € 160,131 | ▼ 1% |
| Cash | € 9,642 | € 362 | € 465 | € 472 | ▲ 2% |
| Land & buildings | € 148,391 | € 148,910 | € 140,459 | € 132,009 | ▼ 6% |
| Retained profit | € -150,194 | € -159,649 | € -169,650 | € -176,386 | ▼ € 6,735 |
| Bank debt | € 152,942 | € 146,801 | € 140,784 | € 133,767 | ▼ 5% |
| Balance sheet total | € 158,305 | € 149,271 | € 140,924 | € 132,481 | ▼ 6% |
Key figures of HUGAL, 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 HUGAL?
What happened at HUGAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Albert D'Haeseleer stepped down as director. NBB
- Hugo Van Dongen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6,735. Source: NBB ↗
- Albert D'Haeseleer became a director. NBB
- Hugo Van Dongen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,657 loss in 2022 to € 6,735 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Management
Directors
According to the 2025 annual accounts
Albert D'Haeseleer
Director
since 2021 · until 2027
Hugo Van Dongen
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Clem. Vanophemstraat 118
3090 Overijse
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.878.910
- VAT number
- BE 0445.878.910
- Registered office
- Clem. Vanophemstraat 118, 3090 Overijse
- Names & denominations
- HUGAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1991
- Peppol
- Not registered