Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 25.3 to 10.9.
Financials
Financial year 2025
HLVO from Kontich, company number BE0627815177, closed financial year 2025 with a result of € -452,726 after tax. For that financial year HLVO recorded a gross margin of € 616,197 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -420,181 to € -452,726. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 1.7 million
▲ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -452,726
▼ 8 % more loss than in 2024
Profit after tax over the fiscal year.
€ 17,444
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -794,046.
People and assets in 2025
10.9
▼ 7.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 567,810
▼ 60% vs 2024
€ 52,100 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.
€ 1,418
▼ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 991,098
▼ 21% vs 2024
€ 246,371 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 560,191
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 288,061
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,733,368 | € 1,267,834 | € 1,309,343 | € 616,197 | ▼ 53% |
| Profit after taxes | € 148,834 | € -405,897 | € -420,181 | € -452,726 | ▼ € 32,545 |
| Equity | € 719,654 | € 313,757 | € 1,127,577 | € 1,674,851 | ▲ 49% |
| Total debts | € 2,431,799 | € 3,324,016 | € 2,504,648 | € 2,255,971 | ▼ 10% |
| Cash | € 837,797 | € 285,458 | € 180,468 | € 17,444 | ▼ 90% |
| Retained profit | € 484,758 | € 78,861 | € -341,320 | € -794,046 | ▼ € 452,726 |
| Bank debt | € 1,476,206 | € 1,606,835 | € 1,257,789 | € 991,098 | ▼ 21% |
| Balance sheet total | € 3,151,453 | € 3,637,773 | € 3,632,225 | € 3,930,822 | ▲ 8% |
| Employees (FTE) | 31.4 | 25.3 | 18.1 | 10.9 | ▼ 7.2 |
Key figures of HLVO, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to HLVO?
What happened at HLVO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 452,726. Source: NBB ↗
- KDGA Holding BV became a director. NBB
- New establishment in Kontich. KBO
- Start of the company according to the CBE. KBO
In short
From € 148,834 profit in 2021 to € 452,726 loss in 2025.
Paid € 34,811 in corporate taxes since 2021.
Best year ever: 2021, with € 148,834 profit.
On average € 56,500 of value added per employee in 2025.
A new publication or filing at HLVO? We notify you, reason included.
Follow HLVODatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 KDGA Holding, Walter Van Turnhout comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HLVOBehind HLVO is KDGA Holding BV. The shares are held by KDGA Holding (85.9%) and Walter Van Turnhout (44.4%).
Directors
According to the 2025 annual accounts
Bestuurder · represented by Gert-Jan Van Turnhout
since 2025
Shareholders
85.9%
44.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Koningin Astridlaan 82 C
2550 Kontich
Koningin Astridlaan 82 box c
2550 Kontich
Active since 1 April 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0627.815.177
- VAT number
- BE 0627.815.177
- Registered office
- Koningin Astridlaan 82 C, 2550 Kontich
- Names & denominations
- HLVO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2015
- Peppol
- Active · Active since 29 Aug 2025
- Activities · NACE
Detailhandel in babyartikelen (algemeen assortiment)
Detailhandel in baby- en kinderbovenkleding
Groothandel in spellen en speelgoed
Detailhandel in verlichtingsartikelen
Detailhandel in spellen en speelgoed
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in spellen en speelgoed in gespecialiseerde winkels
Detailhandel in verlichtingsartikelen in gespecialiseerde winkels