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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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HSBCAD from Gent, company number BE0475468363, closed financial year 2025 with a result of € 522,416 after tax. For that financial year HSBCAD recorded revenue of € 4.8 million and equity of € 5.4 million. Compared with financial year 2024, the result moved from € 1.2 million to € 522,416. 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 June 22, 2026.
€ 5.4 million
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 522,416
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
18.2
▲ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 6% vs 2024
€ 118,000 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.
€ 302
▼ 98% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 382,692
▼ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 32 days on average.
€ 180,927
▼ 76% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 4,847,341 | |
| Gross margin | € 1,443,784 | € 5,595,456 | € 5,059,608 | - | |
| Profit after taxes | € -906,142 | € 2,565,324 | € 1,218,837 | € 522,416 | ▼ 57% |
| Equity | € 1,641,586 | € 4,206,910 | € 6,836,967 | € 5,359,383 | ▼ 22% |
| Total debts | € 3,538,097 | € 3,674,265 | € 2,172,750 | € 1,381,197 | ▼ 36% |
| Cash | € 835,650 | € 2,345,406 | € 2,855,032 | € 1,459,485 | ▼ 49% |
| Retained profit | € -859,814 | € 1,705,510 | € 2,924,347 | € 2,446,763 | ▼ 16% |
| Dividend | € 0 | € 0 | € 0 | € 1,000,000 | |
| Bank debt | € 2,276,720 | € 1,804,309 | € 0 | € 0 | |
| Balance sheet total | € 5,179,683 | € 7,881,175 | € 9,009,717 | € 6,740,580 | ▼ 25% |
| Employees (FTE) | 11.3 | 12.2 | 14.9 | 18.2 | ▲ 3.3 |
Key figures of HSBCAD, 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 HSBCAD?
What happened at HSBCAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 522,416 (▼ 57% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 906,142 loss in 2022 to € 522,416 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.6 million profit.
On average € 339,600 of value added per employee in 2024.
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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
The stake of Xia comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HSBCADBehind HSBCAD are Sailing Stones BV and Andreas BidCo BV. The shares are held by Andreas BidCo BV (100%) and Xia (11.8%). It owns 100% of HSB Solutions, 100% of HSBCAD CANADA, 100% of HSBCAD UK, 100% of HSBCAD Software Solutions Australasia, 100% of HSBCAD GmbH and 100% of HSB USA itself.
Directors
According to the 2025 annual accounts
Director · represented by Hilde Sevens
Also active at: DIABATIX, Andreas TopCo, Andreas BidCo
Director · represented by Thomas Decroos
Shareholders
100%
11.8%
Participations
HSB Solutions
100%
HSBCAD CANADA
100%
HSBCAD UK
100%
HSBCAD Software Solutions Australasia
100%
HSBCAD GmbH
100%
HSB USA
100%
HSB SoftEcuador
99.9%
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 302
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
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€ 3 million gross margin · 2025
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€ 43,171 gross margin · 2025
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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
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
hsbcad.com
Registered
2003-08-30
Registrar
Tucows Domains Inc.
Expires
2026-08-30
Website info
Features
Security
Network
Details
- Company number
- 0475.468.363
- VAT number
- BE 0475.468.363
- Registered office
- Amelia Earhartlaan 2 bus 302, 9051 Gent
- Names & denominations
- HSBCAD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 August 2001
- Peppol
- Active · Active since 13 Nov 2025
- Contact
- hsbcad.com
- Activities · NACE
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