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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HD PUBLICITE from Spa, company number BE0473974167, closed financial year 2025 with a result of € -2,711 after tax. For that financial year HD PUBLICITE recorded revenue of € 0 and equity of € -22,650. Compared with financial year 2024, the result moved from € 2,652 to € -2,711. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ -22,650
▼ € 2,711 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,711
▼ still € 2,652 profit in 2024
Profit after tax over the fiscal year.
€ 2,483
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -30,710.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 5,795
Loans from banks and other lenders, long and short.
€ 400
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72
▼ 24% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,379 | € 20,678 | - | € 0 | |
| Gross margin | € 8,309 | € -416 | € 3,515 | € -1,902 | ▼ € 5,416 |
| Profit after taxes | € 6,211 | € -1,286 | € 2,652 | € -2,711 | ▼ € 5,363 |
| Equity | € -21,306 | € -22,591 | € -19,939 | € -22,650 | ▼ € 2,711 |
| Total debts | € 28,189 | € 27,323 | € 25,870 | € 25,810 | |
| Cash | € 2,441 | € 2,624 | € 4,762 | € 2,483 | ▼ 48% |
| Retained profit | € -29,366 | € -30,651 | € -27,999 | € -30,710 | ▼ € 2,711 |
| Bank debt | € 5,795 | € 5,795 | € 5,795 | € 5,795 | |
| Balance sheet total | € 6,883 | € 4,732 | € 5,931 | € 3,160 | ▼ 47% |
Key figures of HD PUBLICITE, 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 HD PUBLICITE?
What happened at HD PUBLICITE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,711 (▼ € 5,363 vs 2024). filed late Source: NBB ↗
- New establishment in Spa. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,211 profit in 2022 to € 2,711 loss in 2025.
Paid € 22 in corporate taxes since 2022.
Best year ever: 2022, with € 6,211 profit.
Management
Behind HD PUBLICITE is Henri DESLOOVERE.
Directors
According to the 2025 annual accounts
Henri DESLOOVERE
Managing director
Establishments
Establishment units
Physical locations of this company
Boulevard Rener 54
4900 Spa
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.974.167
- VAT number
- BE 0473.974.167
- Registered office
- Boulevard Rener 54, 4900 Spa
- Names & denominations
- HD PUBLICITE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2001
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Overige eetgelegenheden