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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Figures corrected NBB
Corrected annual account filed for 2024.
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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
Hof Ter Welle from Beveren-Kruibeke-Zwijndrecht, company number BE0454361955, closed financial year 2025 with a result of € 36,634 after tax. For that financial year Hof Ter Welle recorded a gross margin of € 4.7 million and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 206,915 to € 36,634. The company is profitable. 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 May 26, 2026.
€ 2.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 36,634
▼ 82% vs 2024
Profit after tax over the fiscal year.
€ 594,662
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
54.6
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.5 million
▲ 6% vs 2024
€ 82,100 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.
€ 22,543
▲ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 682,822
▼ 8% vs 2024
€ 54,348 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 49,619
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 523,411
▲ 2% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,909,737 | € 4,279,594 | € 4,684,675 | € 4,701,070 | |
| Profit after taxes | € -168,736 | € 36,421 | € 206,915 | € 36,634 | ▼ 82% |
| Equity | € 2,421,876 | € 2,410,595 | € 2,569,807 | € 2,558,740 | |
| Total debts | € 1,568,059 | € 1,434,726 | € 1,325,665 | € 1,282,173 | ▼ 3% |
| Cash | € 679,269 | € 595,580 | € 671,545 | € 594,662 | ▼ 11% |
| Land & buildings | € 2,749,403 | € 2,658,273 | € 2,566,870 | € 2,465,089 | ▼ 4% |
| Retained profit | € 932,961 | € 969,382 | € 1,176,297 | € 1,212,931 | ▲ 3% |
| Bank debt | € 860,617 | € 799,991 | € 738,811 | € 682,822 | ▼ 8% |
| Balance sheet total | € 3,989,935 | € 3,845,321 | € 3,895,472 | € 3,840,913 | ▼ 1% |
| Employees (FTE) | 53.8 | 53.4 | 53.6 | 54.6 | ▲ 1 |
Key figures of Hof Ter Welle, 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 Hof Ter Welle?
What happened at Hof Ter Welle in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kirsten Heyrman stepped down as director. NBB
- Dirk Van Esbroeck stepped down as director. NBB
- Geert De Munck stepped down as director. NBB
- André Bosman stepped down as director. NBB
- Eric Van Remortel stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 36,634 (▼ 82% vs 2024). Source: NBB ↗
- Hugo Piqueur stepped down as director. NBB
- Denise Van Der Mynsbrugge stepped down as director. NBB
In short
From € 168,736 loss in 2022 to € 36,634 profit in 2025.
Best year ever: 2024, with € 206,915 profit.
On average € 86,100 of value added per employee in 2025.
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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
Hugo Piqueur
Vice-chairman of the board
since 2019 · until 2026
Denise Van Der Mynsbrugge
Chairman of the board
since 2019 · until 2026
Geert De Munck
Director
since 2021 · until 2027
Kirsten Heyrman
Director
since 2022 · until 2028
since 2021 · until 2027
Dirk Van Esbroeck
Director
since 2022 · until 2028
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Anna Piersdreef(BEV) 1
9120 Beveren-Kruibeke-Zwijndrecht
Magnolialaan 17
9100 Sint-Niklaas
Active since 1 February 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.361.955
- VAT number
- BE 0454.361.955
- Registered office
- Anna Piersdreef(BEV) 1, 9120 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Hof Ter Welle
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 27 September 1994
- Peppol
- Not registered
- Activities · NACE
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