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 1 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 50 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
HILIGSMANN FRERES from Thimister-Clermont, company number BE0558844021, closed financial year 2025 with a result of € -50,050 after tax. For that financial year HILIGSMANN FRERES recorded a gross margin of € 226,876 and equity of € -16,592. Compared with financial year 2024, the result moved from € -65,231 to € -50,050. 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 October 14, 2026.
€ -16,592
▼ € 50,050 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -50,050
▲ 23 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,054
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -28,992.
People and assets in 2025
€ 208,245
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 127,887
▼ 21% vs 2024
Of which on lease € 110,329.
Debts at end 2025
€ 123,170
▼ 21% vs 2024
€ 34,651 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 85,032
▲ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,822
▼ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 235,728 | € 257,454 | € 213,171 | € 226,876 | ▲ 6% |
| Profit after taxes | € 10,119 | € -9,862 | € -65,231 | € -50,050 | ▲ € 15,181 |
| Equity | € 108,551 | € 98,689 | € 33,458 | € -16,592 | ▼ € 50,050 |
| Total debts | € 403,888 | € 352,372 | € 404,616 | € 432,589 | ▲ 7% |
| Cash | € 9,530 | € 7,292 | € 18,566 | € 1,054 | ▼ 94% |
| Retained profit | € 96,151 | € 86,289 | € 21,058 | € -28,992 | ▼ € 50,050 |
| Bank debt | € 199,501 | € 105,249 | € 156,447 | € 123,170 | ▼ 21% |
| Balance sheet total | € 512,439 | € 451,061 | € 438,074 | € 415,997 | ▼ 5% |
Key figures of HILIGSMANN FRERES, 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 HILIGSMANN FRERES?
What happened at HILIGSMANN FRERES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- New establishment in Thimister-Clermont. KBO
- Start of the company according to the CBE. KBO
In short
From € 10,119 profit in 2022 to € 50,050 loss in 2025.
Paid € 245 in corporate taxes since 2022.
Best year ever: 2022, with € 10,119 profit.
Management
Behind HILIGSMANN FRERES is Xavier ORTEGA Y URIBE-ECHEVARRIA .
Directors
According to the 2025 annual accounts
Xavier ORTEGA Y URIBE-ECHEVARRIA
Director
Establishments
Establishment units
Physical locations of this company
Pierreux 34a
4890 Thimister-Clermont
Pierreux 34 box A
4890 Thimister-Clermont
Active since 11 August 2014
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
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0558.844.021
- VAT number
- BE 0558.844.021
- Registered office
- Pierreux 34a, 4890 Thimister-Clermont
- Names & denominations
- HILIGSMANN FRERES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 2014
- Peppol
- Active · Active since 8 Oct 2025
- Contact
- hiligsmannfreres.be
- Activities · NACE
Schrijnwerk
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Vervaardiging van eetkamer-, zitkamer-, slaapkamer- en badkamermeubelen
Vervaardiging van keukenmeubelen
Algemene elektrotechnische installatiewerken
Plaatsen van vloerbedekking en wandbekleding van hout