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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HORNBEAM HEDGE from Grimbergen, company number BE0534785546, closed financial year 2025 with a result of € -16,128 after tax. For that financial year HORNBEAM HEDGE recorded a gross margin of € 55,020 and equity of € -1 million. Compared with financial year 2024, the result moved from € -6,253 to € -16,128. 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 June 19, 2026.
€ -1 million
▼ € 16,128 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,128
▼ 158 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,465
▲ 138% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.2 million.
Debts at end 2025
€ 3.8 million
▲ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 6,864
▲ € 6,284 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,155
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,761 | € -4,114 | € 16,019 | € 55,020 | ▲ 243% |
| Profit after taxes | € -5,430 | € -5,582 | € -6,253 | € -16,128 | ▼ € 9,875 |
| Equity | € -1,020,027 | € -1,025,608 | € -1,031,861 | € -1,047,989 | ▼ € 16,128 |
| Total debts | € 3,449,235 | € 3,555,031 | € 3,698,165 | € 3,860,310 | ▲ 4% |
| Cash | € 2,095 | € 1,377 | € 616 | € 1,465 | ▲ 138% |
| Retained profit | € -8,214,985 | € -8,220,567 | € -8,226,820 | € -8,242,948 | |
| Bank debt | € 3,415,664 | € 3,515,225 | € 3,681,145 | € 3,798,106 | ▲ 3% |
| Balance sheet total | € 2,429,208 | € 2,529,423 | € 2,666,304 | € 2,812,321 | ▲ 5% |
Key figures of HORNBEAM HEDGE, 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 HORNBEAM HEDGE?
What happened at HORNBEAM HEDGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart VERHAEGHE stepped down as director. NBB
- Ann DE KELVER stepped down as director. NBB
- Jan VAN LANCKER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 16,128. Source: NBB ↗
- Bart VERHAEGHE became a director. NBB
- Ann DE KELVER became a director. NBB
- Jan VAN LANCKER became a director. NBB
- New establishment in Grimbergen. KBO
In short
From € 5,430 loss in 2022 to € 16,128 loss in 2025.
A new publication or filing at HORNBEAM HEDGE? 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
The stake of LakeSprings, Lucretia International comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HORNBEAM HEDGEThe shares are held by LakeSprings (63.2%) and Lucretia International.
Directors
According to the 2025 annual accounts
Bart VERHAEGHE
Chairman of the board
Also active at: Club Brugge Foundation, UPLACE, NOCTUAM, BROEKLAND, ABDIJSCHOOL, OX, OAK LANE, UMP +6 more
since 2025 · until 2031
Ann DE KELVER
Director
Also active at: UPLACE, NOCTUAM, BROEKLAND, ABDIJSCHOOL, OX, OAK LANE, UMP, LakeSprings +5 more
since 2025 · until 2031
Jan VAN LANCKER
Managing director
Also active at: UPLACE, BROEKLAND, ABDIJSCHOOL, OAK LANE, UMP, Beaver Lakes, Lucretia International, VINETIQ
since 2022 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Boechoutlaan 221
1853 Grimbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →UPLACE same network
€ -715,131 gross margin · 2025
NOCTUAM same network
€ -228,790 gross margin · 2025
BROEKLAND same network
€ -46,478 gross margin · 2025
ABDIJSCHOOL same network
€ 114,546 gross margin · 2025
OX same network
€ -75,897 gross margin · 2025
+10 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0534.785.546
- VAT number
- BE 0534.785.546
- Registered office
- Boechoutlaan 221, 1853 Grimbergen
- Names & denominations
- HORNBEAM HEDGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 2013
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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