Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
HCO from Antwerpen, company number BE0677943490, closed financial year 2025 with a result of € 549,103 after tax. For that financial year HCO recorded revenue of € 5.4 million and equity of € 870,444. Compared with financial year 2024, the result moved from € 323,478 to € 549,103. Profitable, and profit is growing. 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 July 27, 2026.
€ 870,444
▲ 171% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 549,103
▲ 70% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 670,444.
People and assets in 2025
34.4
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.1 million
▲ 6% vs 2024
€ 91,200 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.
€ 124,495
▼ 4% vs 2024
Of which on lease € 110,992.
Debts at end 2025
€ 339,514
▼ 26% vs 2024
€ 173,079 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 225,652
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 705,597
▲ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,801,456 | € 5,036,592 | € 5,085,900 | € 5,421,654 | ▲ 7% |
| Profit after taxes | € 468,005 | € 487,582 | € 323,478 | € 549,103 | ▲ 70% |
| Equity | € 1,980,280 | € 317,862 | € 321,341 | € 870,444 | ▲ 171% |
| Total debts | € 2,417,236 | € 2,099,842 | € 1,733,754 | € 1,276,021 | ▼ 26% |
| Cash | € 2,465,712 | € 273,258 | € 764,329 | € 1,279,059 | ▲ 67% |
| Land & buildings | € 580,912 | € 464,730 | € 348,547 | € 232,365 | ▼ 33% |
| Retained profit | € 1,780,280 | € 117,862 | € 121,341 | € 670,444 | ▲ € 549,103 |
| Dividend | € 0 | € 2,150,000 | € 320,000 | € 0 | ▼ 100% |
| Bank debt | € 841,460 | € 665,229 | € 457,339 | € 339,514 | ▼ 26% |
| Balance sheet total | € 4,397,517 | € 2,417,704 | € 2,055,094 | € 2,146,464 | ▲ 4% |
| Employees (FTE) | 34 | 34 | 33.8 | 34.4 | ▲ 0.6 |
Key figures of HCO, 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 HCO?
What happened at HCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jérôme Waterkeyn stepped down as director. NBB
- Mieke Hoorens stepped down as director. NBB
- Philippe Tychon stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 549,103 (▲ 70% vs 2024). Source: NBB ↗
- Philippe Tychon became a director. NBB
- Stijn Vermoet stepped down as director. NBB
- Jérôme Waterkeyn became a director. NBB
- Stijn Vermoet became a director. NBB
In short
From € 468,005 profit in 2022 to € 549,103 profit in 2025.
Paid € 733,646 in corporate taxes since 2022.
Best year ever: 2025, with € 549,103 profit.
Paid out € 2.5 million in dividends to the owners in total.
A new publication or filing at HCO? 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 COMMA, VEOLIA NV-SA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HCOThe shares are held by COMMA (100%) and VEOLIA NV-SA (0%).
Directors
According to the 2025 annual accounts
Jérôme Waterkeyn
Director
Also active at: SANIVEST, Veolia Facilities BE, HYDRO CLEANING INTERNATIONAL, Jacobs, Veolia Environmental Services Brussels, Veolia Treatment & Recycling BE, SOTRADIA, WIPS +1 more
since 2024 · until 2030
since 2024 · until 2025
Mieke Hoorens
Managing director
Also active at: Intergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken, HYDRO CLEANING INTERNATIONAL, Jacobs, ECOV, COMMA
since 2024 · until 2030
Philippe Tychon
Director
Also active at: VEOLIA NV-SA, Relaitron, Veolia Environmental Services Wallonie, SOCIETE DE GESTION DE LA CITE ADMINISTRATIVE DE L'ETAT A BRUXELLES, HYDRO CLEANING INTERNATIONAL, NOMOS, Denuo, Sede Benelux +7 more
since 2025 · until 2030
Shareholders
100%
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Scheldelaan 417
2030 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0677.943.490
- VAT number
- BE 0677.943.490
- Registered office
- Scheldelaan 417, 2030 Antwerpen
- Names & denominations
- HCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2017
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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