Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 16.1 to 11.2.
Financials
Financial year 2025
H.H.N. from Ninove, company number BE0453766790, closed financial year 2025 with a result of € 3,510 after tax. For that financial year H.H.N. recorded a gross margin of € 1 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 44,629 to € 3,510. 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 July 30, 2026.
€ 2.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,510
▼ 92% vs 2024
Profit after tax over the fiscal year.
€ 479,834
▲ 19% 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 € 75,247.
People and assets in 2025
11.2
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 602,233
▼ 26% vs 2024
€ 53,800 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.
€ 296,661
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 787,311
▼ 17% vs 2024
€ 161,525 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 127,107
▲ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,843
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,200,074 | € 1,327,746 | € 1,360,771 | € 1,023,623 | ▼ 25% |
| Profit after taxes | € 2,927 | € 35,222 | € 44,629 | € 3,510 | ▼ 92% |
| Equity | € 2,640,622 | € 2,675,844 | € 2,720,473 | € 2,723,983 | |
| Total debts | € 2,890,420 | € 2,739,635 | € 2,471,362 | € 2,331,397 | ▼ 6% |
| Cash | € 496,804 | € 176,697 | € 402,700 | € 479,834 | ▲ 19% |
| Land & buildings | € 3,095,181 | € 2,973,033 | € 2,851,394 | € 2,758,066 | ▼ 3% |
| Retained profit | € -8,114 | € 27,108 | € 71,737 | € 75,247 | ▲ 5% |
| Bank debt | € 1,258,839 | € 1,103,808 | € 946,642 | € 787,311 | ▼ 17% |
| Balance sheet total | € 5,531,042 | € 5,415,479 | € 5,191,834 | € 5,055,380 | ▼ 3% |
| Employees (FTE) | 15.4 | 16.1 | 14.5 | 11.2 | ▼ 3.3 |
Key figures of H.H.N., 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 H.H.N.?
What happened at H.H.N. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HOORY NV stepped down as director. NBB
- Olivier HOORENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3,510 (▼ 92% vs 2024). Source: NBB ↗
- HOORY NV became a director. NBB
- Olivier HOORENS became a director. NBB
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,927 profit in 2022 to € 3,510 profit in 2025.
Paid € 10,997 in corporate taxes since 2022.
Best year ever: 2024, with € 44,629 profit.
On average € 91,400 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Gedelegeerd bestuurder · represented by Jan HOORENS
since 2026 · until 2032
Olivier HOORENS
Bestuurder
since 2026 · until 2032
Establishments
Establishment units
Physical locations of this company
Brakelsesteenweg(App) 430
9400 Ninove
Brakelsesteenweg 430
9400 Ninove
Active since 28 December 1994
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
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Website info
Features
Security
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Details
- Company number
- 0453.766.790
- VAT number
- BE 0453.766.790
- Registered office
- Brakelsesteenweg(App) 430, 9400 Ninove
- Names & denominations
- H.H.N. · B.C.I.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 1994
- Peppol
- Active · Active since 5 Nov 2025
- Contact
- hhn.be [email protected]
- Activities · NACE
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