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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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HUBISCO from Lo-Reninge, company number BE0450414550, closed financial year 2025 with a result of € 392,748 after tax. For that financial year HUBISCO recorded revenue of € 4.7 million and equity of € 39.1 million. Compared with financial year 2024, the result moved from € 1.8 million to € 392,748. 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 June 26, 2026.
€ 39.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 392,748
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 350,000 paid out
89 % of the profit went to the shareholders, mostly to GT & Co (100 % of the shares). That is where the money ends up.
People and assets in 2025
32.7
▲ 22.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 294% vs 2024
€ 101,200 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.
€ 332,444
▲ 11% vs 2024
Of which on lease € 322,505.
Debts at end 2025
€ 4.8 million
▼ 34% vs 2024
€ 1.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.9 million
▲ € 1.7 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 176 days on average.
€ 492,395
▲ € 369,593 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,520,931 | € 2,755,557 | € 3,156,412 | € 4,669,053 | ▲ 48% |
| Profit after taxes | € -617,879 | € -547,974 | € 1,812,429 | € 392,748 | ▼ 78% |
| Equity | € 19,672,518 | € 19,124,544 | € 39,056,973 | € 39,099,721 | |
| Total debts | € 25,972,470 | € 30,222,187 | € 14,707,868 | € 17,480,461 | ▲ 19% |
| Cash | € 1,039,364 | € 2,273,691 | € 2,329,173 | € 1,409,125 | ▼ 40% |
| Land & buildings | € 3,144,476 | € 3,077,807 | € 3,070,673 | € 3,133,990 | ▲ 2% |
| Retained profit | € 4,571,234 | € 4,038,575 | € 5,651,004 | € 5,693,752 | ▲ 1% |
| Dividend | € 0 | € 0 | € 200,000 | € 350,000 | ▲ 75% |
| Bank debt | € 17,218,767 | € 19,196,019 | € 7,182,198 | € 4,759,500 | ▼ 34% |
| Balance sheet total | € 45,649,527 | € 49,346,731 | € 53,764,840 | € 56,917,029 | ▲ 6% |
| Employees (FTE) | 1 | 11.3 | 10.5 | 32.7 | ▲ 22.2 |
Key figures of HUBISCO, 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 HUBISCO?
What happened at HUBISCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 392,748 (▼ 78% vs 2024). Source: NBB ↗
- Retail Consulting & Services BV became a director. NBB
- INOY BV stepped down as director. NBB
- VDM Finance BV became a director. NBB
- Eigen Kweek BV became a director. NBB
- GT & Co BV became a director. NBB
- Remain BV became a director. NBB
- INOY BV became a director. NBB
In short
From € 617,879 loss in 2022 to € 392,748 profit in 2025.
Paid € 45,863 in corporate taxes since 2022.
Best year ever: 2024, with € 1.8 million profit.
Paid out € 550,000 in dividends to the owners in total.
Management
The stake of GT & Co comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HUBISCOBehind HUBISCO are VDM Finance BV, Retail Consulting & Services BV, Eigen Kweek BV, GT & Co BV and Remain BV. The shares are held by GT & Co (100%). It owns 100% of Memoires, 100% of Biscuiterie Jules Destrooper, 100% of Yperlee Trans and 80% of Destrooper-Olivier itself.
Directors
According to the 2025 annual accounts
since 2022
Retail Consulting & Services BV
Managing director · represented by Wim Petermans
Also active at: WellPet Belgium, AQUATIC SCIENCE
since 2025
Director · represented by Frederik Vandermarliere
Also active at: J. Cortès Cigars, LE FUMOIR, Hedonis Ambachtsbier, IMMO L'EAU, GT & Co, IMMO TEWOWI
since 2022
Managing director · represented by Guido Vandermarliere
Also active at: BISCUITERIE JULES DESTROOPER, DESTROOPER-OLIVIER, IMMO V.D.M., MIDAN, Memoires, POC Partners, YPERLEE TRANS, Mare Nostra +4 more
since 2022
since 2022
Managing director · represented by Ives Depoortere
Also active at: BROUWERIJ DER TRAPPISTEN VAN WESTMALLE
since 2022 · until 2025
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Gravestraat 5
8647 Lo-Reninge
Zwaanhofweg 20
8900 Ieper
Active since 19 June 2014
De Leiteweg 9
8020 Oostkamp
Active since 1 October 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0450.414.550
- VAT number
- BE 0450.414.550
- Registered office
- Gravestraat 5, 8647 Lo-Reninge
- Names & denominations
- HUBISCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 1993
- Peppol
- Active · Active since 23 Apr 2026
- Activities · NACE
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