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 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HQcoating from Rijkevorsel, company number BE0453083931, closed financial year 2025 with a result of € 1,505 after tax. For that financial year HQcoating recorded a gross margin of € 235,100 and equity of € 103,791. Compared with financial year 2024, the result moved from € 348 to € 1,505. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 7, 2026.
€ 103,791
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,505
▲ € 1,157 vs 2024
Profit after tax over the fiscal year.
€ 5,717
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -6,209.
People and assets in 2025
€ 112,519
▼ 18% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 36,585
▲ € 28,350 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 451,720
▼ 8% vs 2024
€ 211,119 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 92,410
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 58,462
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 272,096 | € 263,798 | € 262,605 | € 235,100 | ▼ 10% |
| Profit after taxes | € 1,797 | € -9,274 | € 348 | € 1,505 | ▲ € 1,157 |
| Equity | € 111,211 | € 101,938 | € 102,286 | € 103,791 | ▲ 1% |
| Total debts | € 816,071 | € 762,405 | € 773,752 | € 680,010 | ▼ 12% |
| Cash | € 40,011 | € 12,135 | € 26,593 | € 5,717 | ▼ 79% |
| Land & buildings | € 330,720 | € 315,114 | € 286,003 | € 256,893 | ▼ 10% |
| Retained profit | € 1,211 | € -8,062 | € -7,714 | € -6,209 | ▲ € 1,505 |
| Bank debt | € 505,111 | € 488,360 | € 491,293 | € 451,720 | ▼ 8% |
| Balance sheet total | € 927,282 | € 864,343 | € 876,038 | € 783,801 | ▼ 11% |
Key figures of HQcoating, 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 HQcoating?
What happened at HQcoating in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,505 (▲ € 1,157 vs 2024). filed late Source: NBB ↗
- Steven Houben became a director. NBB
- New establishment in Rijkevorsel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,797 profit in 2022 to € 1,505 profit in 2025.
Paid € 5,732 in corporate taxes since 2022.
Best year ever: 2022, with € 1,797 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Steven Houben
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Koolbrandersweg 3
2310 Rijkevorsel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.083.931
- VAT number
- BE 0453.083.931
- Registered office
- Koolbrandersweg 3, 2310 Rijkevorsel
- Names & denominations
- HQcoating
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 1994
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van eetkamer-, zitkamer- en slaapkamermeubelen
Overige industrie, neg
Overige industrie, n.e.g.
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis