HQ1 is a holding company in Liège. Public Limited, started on 9 December 2019, 2 establishments.

What is the address of HQ1?

The registered office of HQ1 is located at Rue des Guillemins 129, 4000 Liège.

Yes. According to the CBE (29 October 2026) HQ1 is active, legal situation “Normale toestand”, started on 9 December 2019.

Is HQ1 registered on Peppol?

Yes, HQ1 is registered on the Peppol network with ID 0208:0738871467.

What is the enterprise number of HQ1?

The enterprise number of HQ1 is BE0738871467.

When was HQ1 founded?

HQ1 was founded on 9 December 2019.

Who are the directors of HQ1?

According to the 2025 annual accounts, the directors of HQ1 are: EMMANUEL MEWISSEN, Nicolas LEONARD, JEAN-CHRISTOPHE CHOFFRAY, Sylvain BONIVER.

Is HQ1 a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 9 December 2019; 4 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account; 2 establishments in the CBE.

How much profit did HQ1 make in 2025?

HQ1 recorded a loss after taxes of € 81,656,298 in financial year 2025.

What is the revenue of HQ1?

In its most recent annual accounts (2025), HQ1 reported revenue of € 112,417,755.

How much does an employee at HQ1 earn?

The average wage cost per full-time employee at HQ1 was € 94,200 in 2025: staff costs of € 33.4 million for 354.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does HQ1 have?

According to the 2025 annual accounts, HQ1 has 354.7 full-time equivalents (FTE).

HQ1 (Public Limited) - Liège - BE0738871467

Dossier HQ1, printed on 29 October 2026 from databakkes.be/en/0738871467/hq1. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 1 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Busy address KBO

30 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

HQ1 from Liège, company number BE0738871467, closed financial year 2025 with a result of € -81.7 million after tax. For that financial year HQ1 recorded revenue of € 112.4 million and equity of € -98.8 million. Compared with financial year 2024, the result moved from € -18.3 million to € -81.7 million. 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 June 15, 2026.

What it is worth Caution

€ -98.8 million

▼ € 106.7 million vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -81.7 million

▼ 346 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 34,259

▼ 31% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -99.1 million.

People and assets in 2025

Full-time equivalents

354.7

▼ 23.2 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 21.4 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 33.4 million

▼ 5% vs 2024

€ 94,200 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.

Vehicles and equipment

€ 976,284

▼ 14% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 4.4 million

▼ 14% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74 days on average.

Taxes and wages

€ 4.2 million

▼ 7% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2024	2025	Change 2024 → 2025
Revenue	€ 35,308,328 Revenue 2021: € 35,308,328 First fiscal year in the series	€ 46,634,847 Revenue 2022: € 46,634,847 ▲ 32% vs 2021 (€ 35,308,328) Favourable step	€ 110,712,742 Revenue 2024: € 110,712,742 ▲ 137% vs 2022 (€ 46,634,847) Favourable step	€ 112,417,755 Revenue 2025: € 112,417,755 ▲ 2% vs 2024 (€ 110,712,742) Favourable step	▲ 2%
Profit after taxes	€ 272,639 Profit after taxes 2021: € 272,639 First fiscal year in the series	€ 749,523 Profit after taxes 2022: € 749,523 ▲ 175% vs 2021 (€ 272,639) Favourable step	€ -18,292,001 Profit after taxes 2024: € -18,292,001 ▼ € 19 million vs 2022 (€ 749,523) Unfavourable step	€ -81,656,298 Profit after taxes 2025: € -81,656,298 ▼ € 63.4 million vs 2024 (€ -18,292,001) Unfavourable step	▼ € 63.4 million
Equity	€ 350,342 Equity 2021: € 350,342 First fiscal year in the series	€ 1,099,864 Equity 2022: € 1,099,864 ▲ 214% vs 2021 (€ 350,342) Favourable step	€ 7,843,467 Equity 2024: € 7,843,467 ▲ € 6.7 million vs 2022 (€ 1,099,864) Favourable step	€ -98,812,831 Equity 2025: € -98,812,831 ▼ € 106.7 million vs 2024 (€ 7,843,467) Unfavourable step	▼ € 106.7 million
Total debts	€ 13,779,546 Total debts 2021: € 13,779,546 First fiscal year in the series	€ 13,433,864 Total debts 2022: € 13,433,864 ▼ 3% vs 2021 (€ 13,779,546) Favourable step	€ 422,872,851 Total debts 2024: € 422,872,851 ▲ € 409.4 million vs 2022 (€ 13,433,864) Unfavourable step	€ 580,526,343 Total debts 2025: € 580,526,343 ▲ 37% vs 2024 (€ 422,872,851) Unfavourable step	▲ 37%
Cash	€ 3,931 Cash 2021: € 3,931 First fiscal year in the series	€ 9,065 Cash 2022: € 9,065 ▲ 131% vs 2021 (€ 3,931) Favourable step	€ 49,601 Cash 2024: € 49,601 ▲ € 40,536 vs 2022 (€ 9,065) Favourable step	€ 34,259 Cash 2025: € 34,259 ▼ 31% vs 2024 (€ 49,601) Unfavourable step	▼ 31%
Retained profit	€ 100,342 Retained profit 2021: € 100,342 First fiscal year in the series	€ 849,864 Retained profit 2022: € 849,864 ▲ € 749,523 vs 2021 (€ 100,342) Favourable step	€ 7,593,467 Retained profit 2024: € 7,593,467 ▲ € 6.7 million vs 2022 (€ 849,864) Favourable step	€ -99,062,831 Retained profit 2025: € -99,062,831 ▼ € 106.7 million vs 2024 (€ 7,593,467) Unfavourable step	▼ € 106.7 million
Dividend	€ 0 Dividend 2021: € 0 First fiscal year in the series	€ 0 Dividend 2022: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 25,000,000 Dividend 2025: € 25,000,000 Unchanged (€ 0) Unchanged
Bank debt	€ 5,012,688 Bank debt 2021: € 5,012,688 First fiscal year in the series	€ 0 Bank debt 2022: € 0 ▼ 100% vs 2021 (€ 5,012,688) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 14,129,888 Balance sheet total 2021: € 14,129,888 First fiscal year in the series	€ 14,533,728 Balance sheet total 2022: € 14,533,728 ▲ 3% vs 2021 (€ 14,129,888) Unchanged	€ 430,728,318 Balance sheet total 2024: € 430,728,318 ▲ € 416.2 million vs 2022 (€ 14,533,728) Unchanged	€ 481,713,512 Balance sheet total 2025: € 481,713,512 ▲ 12% vs 2024 (€ 430,728,318) Unchanged	▲ 12%
Employees (FTE)	343.9 Employees (FTE) 2021: 343.9 First fiscal year in the series	381.3 Employees (FTE) 2022: 381.3 ▲ 37.4 vs 2021 (343.9) Unchanged	377.9 Employees (FTE) 2024: 377.9 ▼ 3.4 vs 2022 (381.3) Unchanged	354.7 Employees (FTE) 2025: 354.7 ▼ 23.2 vs 2024 (377.9) Unchanged	▼ 23.2

Key figures of HQ1, fiscal years 2021 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 HQ1?

What happened at HQ1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 EMMANUEL MEWISSEN stepped down as director. NBB
2028 Nicolas LEONARD stepped down as director. NBB
2028 JEAN-CHRISTOPHE CHOFFRAY stepped down as director. NBB
2028 Sylvain BONIVER stepped down as director. NBB
Jun 15, 2026 New annual accounts for financial year 2025: loss of € 81.7 million. Source: NBB ↗
2022 EMMANUEL MEWISSEN became a director. NBB
2022 Nicolas LEONARD became a director. NBB
2022 JEAN-CHRISTOPHE CHOFFRAY became a director. NBB

In short

From € 272,639 profit in 2021 to € 81.7 million loss in 2025.

Paid € 14.8 million in corporate taxes since 2021.

Best year ever: 2022, with € 749,523 profit.

Paid out € 25 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

ARDENT FINANCE 100%

Meuse Bidco 100%

The stake of ARDENT FINANCE, Meuse Bidco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

HQ1

ARDENT BETTING 100%

ARDENT CASINO INTERNATIONAL 100%

PROCURE1 100%

BSMANAGEMENT 100%

The shares are held by ARDENT FINANCE (100%) and Meuse Bidco (100%). It owns 100% of ARDENT BETTING, 100% of ARDENT CASINO INTERNATIONAL, 100% of PROCURE1, 100% of BSMANAGEMENT, 100% of CORTEX HOLDING and 100% of CASINO DE SPA itself.