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.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Hyve from Genk, company number BE0767791820, closed financial year 2025 with a result of € -3.2 million after tax. For that financial year Hyve recorded a gross margin of € 1.1 million and equity of € -3.7 million. Compared with financial year 2024, the result moved from € -918,268 to € -3.2 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 July 10, 2026.
€ -3.7 million
▼ € 4.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.2 million
▼ 247 % more loss than in 2024
Profit after tax over the fiscal year.
€ 644,217
▲ € 521,344 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.6 million.
People and assets in 2025
5
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 746,201
▲ 56% vs 2024
€ 149,200 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.
€ 17,565
▲ 131% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.2 million
▲ 21% vs 2024
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 3 million
▲ 281% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,472
▲ 26% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -203,260 | € -193,248 | € 413,504 | € 1,127,717 | ▲ 173% |
| Profit after taxes | € -206,703 | € -330,531 | € -918,268 | € -3,189,552 | ▼ € 2.3 million |
| Equity | € 693,747 | € 939,816 | € 784,232 | € -3,744,604 | ▼ € 4.5 million |
| Total debts | € 56,850 | € 4,663,492 | € 5,146,996 | € 8,281,122 | ▲ 61% |
| Cash | € 734,137 | € 330,535 | € 122,874 | € 644,217 | ▲ € 521,344 |
| Retained profit | € -206,703 | € -537,234 | € -1,455,502 | € -4,645,054 | ▼ € 3.2 million |
| Bank debt | € 0 | € 1,300,000 | € 4,300,000 | € 5,200,000 | ▲ 21% |
| Balance sheet total | € 750,597 | € 5,795,518 | € 6,377,666 | € 4,536,518 | ▼ 29% |
| Employees (FTE) | - | 3 | 3.9 | 5 | ▲ 1.1 |
Key figures of Hyve, 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 Hyve?
What happened at Hyve in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3.2 million. Source: NBB ↗
- Ludo KELCHTERMANS became a director. NBB
- David DE BRABANT became a director. NBB
- Eric VANDER VORST became a director. NBB
- Edouard DE MASSON D'AUTUME became a director. NBB
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
- SITE-ONTWIKKELING VLAANDEREN NV became a director. NBB
In short
From € 206,703 loss in 2022 to € 3.2 million loss in 2025.
On average € 225,500 of value added per employee in 2025.
A new publication or filing at Hyve? 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 Interuniversitair Micro-Electronica Centrum, DEME CONCESSIONS, John Cockerill Hydrogen Belgium, VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HyveBehind Hyve are SITE-ONTWIKKELING VLAANDEREN NV, Edouard DE MASSON D'AUTUME, Eric VANDER VORST, Ludo DEFERM, Alain BERNARD and Inge SCHILDERMANS. The shares are held by Interuniversitair Micro-Electronica Centrum (19.6%), DEME CONCESSIONS (16.7%), John Cockerill Hydrogen Belgium (16.7%) and VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK (13.7%).
Directors
According to the 2025 annual accounts
SITE-ONTWIKKELING VLAANDEREN NV
Director · represented by Bart Swaelens
since 2021
Edouard DE MASSON D'AUTUME
Director
since 2022
Eric VANDER VORST
Director
since 2023
Ludo DEFERM
Director
since 2021
Alain BERNARD
Chairman of the board
since 2021
Inge SCHILDERMANS
Director
since 2021
VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK NV
Director · represented by Lambertus J.M (Bert) BOUWMAN
Also active at: VIL, BlueChem, MONA.health, ImmuneSpec, Flux50, Catalisti, CAMPUS ENERGYVILLE, CARBSTONE INNOVATION +1 more
since 2021
since 2023
since 2023
since 2021
Raphael TILOT
Director
since 2021
Luc VANDENBULCKE
Director
since 2021
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Thor Park 8027
3600 Genk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →MACO
€ 1.1 million gross margin · 2025
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€ 1.5 million gross margin · 2025
Boolean
€ 214,953 gross margin · 2025
Swiftpharma
€ -22,099 gross margin · 2025
VIMANPRO
€ 58,083 gross margin · 2025
+1 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
- 0767.791.820
- VAT number
- BE 0767.791.820
- Registered office
- Thor Park 8027, 3600 Genk
- Names & denominations
- Hyve
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 2021
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
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