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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Shrinking team NBB
FTE fell two years in a row, from 69.5 to 51.7.
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Late annual account NBB
Fiscal year 2024 was filed 251 days after the legal deadline.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Huawei Technologies (Belgium) from Sint-Pieters-Woluwe, company number BE0550614956, closed financial year 2024 with a result of € 1.5 million after tax. For that financial year Huawei Technologies (Belgium) recorded revenue of € 54.9 million and equity of € 8.7 million. Compared with financial year 2023, the result moved from € 1.4 million to € 1.5 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 8, 2026.
€ 8.7 million
▲ 20% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 8% vs 2023
Profit after tax over the fiscal year.
€ 10.2 million
▲ € 7.8 million 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 € 3.4 million.
People and assets in 2024
51.7
▼ 2.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 19.6 million
▲ 18% vs 2023
€ 380,100 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.
€ 66,871
▼ 93% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2 million
▲ 6% vs 2023
Loans from banks and other lenders, long and short.
€ 8.2 million
▼ 6% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 92 days on average.
€ 8.8 million
▲ 59% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 61,085,391 | € 54,501,304 | € 49,069,165 | € 54,861,013 | ▲ 12% |
| Profit after taxes | € 1,808,226 | € 1,656,083 | € 1,356,939 | € 1,466,743 | ▲ 8% |
| Equity | € 15,429,404 | € 12,599,779 | € 7,201,768 | € 8,668,511 | ▲ 20% |
| Total debts | € 28,140,715 | € 27,498,587 | € 19,626,384 | € 23,396,898 | ▲ 19% |
| Cash | € 16,262,612 | € 13,468,496 | € 2,372,571 | € 10,221,069 | ▲ € 7.8 million |
| Retained profit | € 10,152,100 | € 7,322,474 | € 1,924,464 | € 3,391,207 | ▲ 76% |
| Dividend | € 0 | € 4,485,708 | € 6,754,949 | € 0 | ▼ 100% |
| Bank debt | € 2,792,207 | € 3,869,202 | € 1,866,328 | € 1,976,143 | ▲ 6% |
| Balance sheet total | € 44,065,565 | € 40,693,547 | € 27,460,085 | € 32,614,220 | ▲ 19% |
| Employees (FTE) | 73.6 | 69.5 | 54.1 | 51.7 | ▼ 2.4 |
Key figures of Huawei Technologies (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 Huawei Technologies (Belgium)?
What happened at Huawei Technologies (Belgium) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Zhaohui Liu stepped down as director. NBB
- Qian Kun stepped down as director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- New annual accounts for financial year 2024: profit of € 1.5 million (▲ 8% vs 2023). filed late Source: NBB ↗
- Xu Xie stepped down as director. NBB
- Zhaohui Liu became a director. NBB
- Xin Wang stepped down as director. NBB
- Wenqi Song stepped down as director. NBB
In short
From € 1.8 million profit in 2021 to € 1.5 million profit in 2024.
Paid € 3.1 million in corporate taxes since 2021.
Best year ever: 2021, with € 1.8 million profit.
Paid out € 11.2 million in dividends to the owners in total.
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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
Directors
According to the 2024 annual accounts
Wenqi Song
Director
since 2023 · until 2024
Xu Xie
Director
since 2023 · until 2026
Zhaohui Liu
Director
since 2025 · until 2028
Xin Wang
Director
since 2022 · until 2025
Qian Kun
Managing director
since 2024 · until 2027
Establishments
Establishment units
Physical locations of this company
Woluwelaan 2
1150 Sint-Pieters-Woluwe
Guimardstraat 9
1040 Brussel
Active since 1 September 2018
Etterbeeksesteenweg 180
1040 Brussel
Active since 14 April 2014
Vorstlaan 100
1170 Watermaal-Bosvoorde
Active since 22 June 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →PACIFICATION INVEST
€ 5.3 million revenue · 2025
Hewi Management
€ -16,516 gross margin · 2025
URBICOON
€ 4.7 million revenue · 2025
PACIFICATION CONSTRUCTION
€ 2.5 million revenue · 2025
ROOSEVELT CONSTRUCTION
€ 0 revenue · 2025
+22 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
- 0550.614.956
- VAT number
- BE 0550.614.956
- Registered office
- Woluwelaan 2, 1150 Sint-Pieters-Woluwe
- Names & denominations
- Huawei Technologies (Belgium)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 2014
- Peppol
- Active · Active since 13 Aug 2025
- Activities · NACE
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