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 17.7 to 12.4.
-
Late annual account NBB
Fiscal year 2024 was filed 328 days after the legal deadline.
-
Busy address KBO
34 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
HG BELGIUM from Gent, company number BE0473665549, closed financial year 2024 with a result of € 247,825 after tax. For that financial year HG BELGIUM recorded revenue of € 13.4 million and equity of € 5.7 million. Compared with financial year 2023, the result moved from € 329,214 to € 247,825. 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 24, 2026.
€ 5.7 million
▲ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 247,825
▼ 25% vs 2023
Profit after tax over the fiscal year.
€ 2.4 million
▲ 133% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 5.7 million.
People and assets in 2024
12.4
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 19% vs 2023
€ 111,300 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.
€ 39
▼ 94% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 2.7 million
▲ 90% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 90 days on average.
€ 1.1 million
▲ 97% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 13,974,585 | € 12,200,395 | € 12,565,791 | € 13,387,933 | ▲ 7% |
| Profit after taxes | € 637,611 | € 333,636 | € 329,214 | € 247,825 | ▼ 25% |
| Equity | € 4,778,106 | € 5,111,743 | € 5,440,957 | € 5,688,782 | ▲ 5% |
| Total debts | € 2,348,260 | € 1,682,995 | € 2,406,298 | € 4,061,554 | ▲ 69% |
| Cash | € 386,140 | € 389,782 | € 1,044,818 | € 2,438,012 | ▲ 133% |
| Retained profit | € 4,759,506 | € 5,093,143 | € 5,422,357 | € 5,670,182 | ▲ 5% |
| Balance sheet total | € 7,126,366 | € 6,794,737 | € 7,847,254 | € 9,750,336 | ▲ 24% |
| Employees (FTE) | 19.1 | 17.7 | 13.2 | 12.4 | ▼ 0.8 |
Key figures of HG BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to HG BELGIUM?
What happened at HG BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 247,825 (▼ 25% vs 2023). filed late Source: NBB ↗
- HG International B.V. BO became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 637,611 profit in 2021 to € 247,825 profit in 2024.
Paid € 1.1 million in corporate taxes since 2021.
Best year ever: 2021, with € 637,611 profit.
Pays suppliers within 90 days on average.
A new publication or filing at HG BELGIUM? We notify you, reason included.
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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
Behind HG BELGIUM is HG International B.V. BO.
Directors
According to the 2024 annual accounts
Director · represented by Karel Vandamme
since 2022
Establishments
Establishment units
Physical locations of this company
Poortakkerstraat 93
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 34 companies are registered at this address.
All companies at this address →NOVAC
€ 81,229 gross margin · 2024
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€ 893,186 gross margin · 2025
WPK SERVICES
€ 2 million gross margin · 2025
BeHeCON
€ 487,168 gross margin · 2025
DDE Group
€ 1.3 million gross margin · 2025
+29 more
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
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
hg.eu
Registrar
Realtime Register B.V.
Website info
Features
Security
Details
- Company number
- 0473.665.549
- VAT number
- BE 0473.665.549
- Registered office
- Poortakkerstraat 93, 9051 Gent
- Names & denominations
- HG BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2000
- Peppol
- Active · Active since 2 Jan 2026
- Contact
- hg.eu
- Activities · NACE
Groothandel in chemische producten voor industrieel gebruik
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