Financials
Financial year 2025
HYLINE from Gent, company number BE0460856995, closed financial year 2025 with a result of € -3.4 million after tax. For that financial year HYLINE recorded revenue of € 21.6 million and equity of € 2.5 million. Compared with financial year 2021, the result moved from € 416,483 to € -3.4 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 2.5 million
▲ € 2.6 million vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.4 million
▼ still € 416,483 profit in 2021
Profit after tax over the fiscal year.
€ 973,123
▲ 10% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 809,821.
People and assets in 2025
75.6
▼ 0.6 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 6.9 million
▲ 18% vs 2021
€ 90,700 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.
€ 62,906
▲ 45% vs 2021
Of which on lease € 17,590.
Debts at end 2025
€ 18,323
€ 9,286 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 3 million
▼ 40% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.
€ 1.1 million
▲ 21% vs 2021
Taxes, VAT and social contributions still to pay.
| 2019 | 2020 | 2021 | 2025 | Change 2021 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 23,830,802 | € 16,145,875 | € 14,067,368 | € 21,618,881 | ▲ 54% |
| Profit after taxes | € 1,370 | € -656,915 | € 416,483 | € -3,410,727 | ▼ € 3.8 million |
| Equity | € 183,961 | € -464,135 | € -47,652 | € 2,509,821 | ▲ € 2.6 million |
| Total debts | € 7,360,536 | € 7,410,140 | € 12,452,037 | € 12,408,632 | |
| Cash | € 724,554 | € 597,220 | € 882,567 | € 973,123 | ▲ 10% |
| Retained profit | € -1,166,039 | € -1,814,135 | € -1,397,652 | € 809,821 | ▲ € 2.2 million |
| Bank debt | € 0 | € 0 | € 0 | € 18,323 | |
| Balance sheet total | € 7,544,497 | € 6,946,005 | € 12,404,385 | € 14,918,453 | ▲ 20% |
| Employees (FTE) | 67.5 | 67.4 | 76.2 | 75.6 | ▼ 0.6 |
Key figures of HYLINE, fiscal years 2019 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 HYLINE?
What happened at HYLINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thibaut LEINEKUGEL LE COCQ stepped down as director. NBB
- Jean-Marc PLUYMERS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.4 million (▼ € 3.8 million vs 2021). Source: NBB ↗
- New establishment in Nivelles. KBO
- TECHNOLOLY HIGH PURITY BV stepped down as director. NBB
- Thibaut LEINEKUGEL LE COCQ became a director. NBB
- TECHNOLOLY HIGH PURITY BV became a director. NBB
- Jean-Marc PLUYMERS became a director. NBB
In short
From € 1,370 profit in 2019 to € 3.4 million loss in 2025.
Paid € 87,219 in corporate taxes since 2019.
Best year ever: 2021, with € 416,483 profit.
Pays suppliers within 66 days on average.
Management
Directors
According to the 2025 annual accounts
Director · represented by Jurgen VANDE VELDE
since 2023 · until 2025
since 2023 · until 2029
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Booiebos 27
9031 Gent
Bisschoppenhoflaan 598
2100 Antwerpen
Active since 20 March 2002
Rue Altiero Spinelli 5
1401 Nivelles
Active since 1 September 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.856.995
- VAT number
- BE 0460.856.995
- Registered office
- Booiebos 27, 9031 Gent
- Names & denominations
- HYLINE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 1997
- Peppol
- Active · Active since 19 Aug 2025
- Activities · NACE
Groothandel in andere machines en werktuigen, neg
Groothandel in diverse machines en uitrusting voor handel en dienstverlening, n.e.g.
Vervaardiging van buizen, pijpen, holle profielen en fittings daarvoor, van staal
Groothandel in andere machines en werktuigen, n.e.g.