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 33 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HUBO LIMBURG UNITED from Hasselt, company number BE0547597365, closed financial year 2025 with a result of € -16,416 after tax. For that financial year HUBO LIMBURG UNITED recorded a gross margin of € 1.2 million and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -117,888 to € -16,416. 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 January 28, 2026.
€ -1.1 million
▼ € 16,416 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,416
▲ 86 % less loss than in 2024
Profit after tax over the fiscal year.
€ 69,867
▲ 188% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
17.1
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 8% vs 2024
€ 67,800 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.
€ 8,104
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 764,624
▲ 26% vs 2024
€ 210,105 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 358,849
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 60,789
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 941,523 | € 889,396 | € 1,156,461 | € 1,171,365 | ▲ 1% |
| Profit after taxes | € -260,259 | € -158,377 | € -117,888 | € -16,416 | ▲ € 101,472 |
| Equity | € -779,244 | € -937,621 | € -1,055,509 | € -1,071,924 | ▼ € 16,416 |
| Total debts | € 1,116,569 | € 1,041,261 | € 1,350,346 | € 1,422,124 | ▲ 5% |
| Cash | € 202,167 | € 13,096 | € 24,243 | € 69,867 | ▲ 188% |
| Land & buildings | € 11,717 | € 4,317 | € 112,255 | € 99,782 | ▼ 11% |
| Retained profit | € -779,244 | € -937,621 | € -1,055,509 | € -1,071,924 | ▼ € 16,416 |
| Bank debt | € 903,325 | € 758,047 | € 606,258 | € 764,624 | ▲ 26% |
| Balance sheet total | € 337,325 | € 103,641 | € 294,837 | € 350,200 | ▲ 19% |
| Employees (FTE) | 18.1 | 17.8 | 19.3 | 17.1 | ▼ 2.2 |
Key figures of HUBO LIMBURG UNITED, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to HUBO LIMBURG UNITED?
What happened at HUBO LIMBURG UNITED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,416. Source: NBB ↗
- Jef Vandekerkhof became a director. NBB
- Tom Heeren stepped down as director. NBB
- Miet Mouha stepped down as director. NBB
- Frank Govaerts stepped down as director. NBB
- Frank Rombouts became a director. NBB
- Miet Mouha became a director. NBB
- Jan Baillien became a director. NBB
In short
From € 260,259 loss in 2022 to € 16,416 loss in 2025.
Paid € 5,368 in corporate taxes since 2022.
On average € 68,500 of value added per employee in 2025.
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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 HUBO LIMBURG UNITED are Jan Baillien, Maarten Bostyn, Michiel Van Kelecom, Jef Vandekerkhof, Leander Kippers and Frank Rombouts. Jan Baillien is also behind E. BAILLIEN, COENEN, SCHOONMAAKBEDRIJF V.I.P. CLEAN, TOBE and TO BOOST. Maarten Bostyn is also behind ISOLA BELGIUM, BSProjects, NEW TECH PROJECTS, NEW GROUND PROJECTS and HERIS.
Directors
According to the 2025 annual accounts
Jan Baillien
Director
Also active at: E. BAILLIEN, COENEN, SCHOONMAAKBEDRIJF V.I.P. CLEAN, TOBE, TO BOOST, Stoneable, BAJATO, TO BUILD +2 more
since 2018
Maarten Bostyn
Managing director
Also active at: ISOLA BELGIUM, BSProjects, NEW TECH PROJECTS, NEW GROUND PROJECTS, HERIS, CLEVRhome, M. BOSTYN, BSComfort
since 2014
Michiel Van Kelecom
Director
since 2017
Jef Vandekerkhof
Director
since 2025
Leander Kippers
Director
since 2017
since 2023
Frank Govaerts
Director
since 2014 · until 2024
Tom Heeren
Director
Also active at: Bastijns Gebroeders Algemene Bouwonderneming, WALTH, W GROUP I, GROEP M, BATIM, THE SELFMADE COMPANY, GROEP BMV, GROEP ANTWERPSE BOUWMARKTEN +21 more
since 2015 · until 2025
Miet Mouha
Director
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Hendrik van Veldekesingel 150 box 22
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
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€ 83,987 gross margin · 2025
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€ 1.8 million revenue · 2025
+47 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
- 0547.597.365
- VAT number
- BE 0547.597.365
- Registered office
- Hendrik van Veldekesingel 150 bus 22, 3500 Hasselt
- Names & denominations
- HUBO LIMBURG UNITED · HLU
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 26 February 2014
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
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