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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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HGS INVESTMENTS from Lokeren, company number BE0768620080, closed financial year 2025 with a result of € 236,657 after tax. For that financial year HGS INVESTMENTS recorded a gross margin of € 437,871 and equity of € 307,977. Compared with financial year 2024, the result moved from € 18,399 to € 236,657. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 307,977
▲ € 236,657 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 236,657
▲ € 218,259 vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 257,977.
Debts at end 2025
€ 1.4 million
▼ 7% vs 2024
€ 106,248 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 6,741
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 95,120
▲ € 88,645 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 62,499 | € 155,027 | € 145,851 | € 437,871 | ▲ 200% |
| Profit after taxes | € -50,169 | € 53,089 | € 18,399 | € 236,657 | ▲ € 218,259 |
| Equity | € -169 | € 52,921 | € 71,319 | € 307,977 | ▲ € 236,657 |
| Total debts | € 2,079,047 | € 1,955,219 | € 1,857,323 | € 1,510,396 | ▼ 19% |
| Cash | € 973 | € 5,240 | € 3,642 | - | |
| Land & buildings | € 2,025,411 | € 1,946,651 | € 1,867,892 | € 1,797,800 | ▼ 4% |
| Retained profit | € -50,169 | € 2,921 | € 21,319 | € 257,977 | ▲ € 236,657 |
| Bank debt | € 1,700,000 | € 1,615,265 | € 1,512,138 | € 1,408,535 | ▼ 7% |
| Balance sheet total | € 2,078,878 | € 2,008,139 | € 1,928,642 | € 1,818,372 | ▼ 6% |
By gross margin, HGS INVESTMENTS ranks 11th of 92 companies with main activity “Activiteiten van holdings” in Lokeren that publish figures (fiscal year 2025).
Key figures of HGS INVESTMENTS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
Ask about HGS INVESTMENTS the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to HGS INVESTMENTS?
What happened at HGS INVESTMENTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 236,657 (▲ € 218,259 vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Lokeren. KBO
In short
From € 50,169 loss in 2022 to € 236,657 profit in 2025.
Paid € 95,850 in corporate taxes since 2022.
Best year ever: 2025, with € 236,657 profit.
Management
Behind HGS INVESTMENTS are Serhat Erdönmez and Semih Erdönmez. Serhat Erdönmez is also behind INFRATECHNICS and HSE Holding.
Directors
According to the 2025 annual accounts
Semih Erdönmez
Director
Establishments
Establishment units
Physical locations of this company
Mosten 12
9160 Lokeren
Windhaarstraat 20
9160 Lokeren
Active since 21 May 2021
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 →INFRATECHNICS same network
€ 4,167 gross margin · 2025
SDE PROJECTS
€ 9,230 gross margin · 2025
SMH PROJECTS
€ -14,004 gross margin · 2024
HSE Holding same network
€ 1,693 gross margin · 2025
HANS & ZONEN
€ 922,335 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.
Similar companies in Lokeren
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Erikli Gonul(oprichter) 100%
Details
- Company number
- 0768.620.080
- VAT number
- BE 0768.620.080
- Registered office
- Mosten 12, 9160 Lokeren
- Names & denominations
- HGS INVESTMENTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 May 2021
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Activiteiten van hoofdkantoren
Handel in eigen onroerend goed