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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Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
103 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Hortus Conclusus from Aalst, company number BE0774334073, closed financial year 2025 with a result of € 0 after tax. Compared with financial year 2024, the result moved from € 0 to € 0. Around break-even. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 61,500
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
€ 1.2 million
▼ 94% 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 € 0.
Debts at end 2025
€ 207.8 million
▲ 128% vs 2024
Loans from banks and other lenders, long and short.
€ 316,809
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 146 | € 2,598,090 | - | - | |
| Equity | € 61,500 | € 61,500 | € 61,500 | € 61,500 | |
| Total debts | € 4,943,282 | € 24,496,823 | € 111,597,049 | € 208,128,685 | ▲ 87% |
| Cash | € 971,467 | € 3,788,997 | € 20,724,249 | € 1,209,104 | ▼ 94% |
| Bank debt | € 0 | € 21,061,169 | € 91,151,937 | € 207,811,503 | ▲ 128% |
| Balance sheet total | € 5,004,782 | € 24,558,323 | € 111,658,549 | € 208,190,185 | ▲ 86% |
Key figures of Hortus Conclusus, 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 Hortus Conclusus?
What happened at Hortus Conclusus in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Matthias Van De Vijver stepped down as director. NBB
- Hanne Akkermans stepped down as director. NBB
- Charles Libert stepped down as director. NBB
- Karoy Hornyak stepped down as director. NBB
- Paul Lievens stepped down as director. NBB
- Karl Neyrinck stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 0. Source: NBB ↗
- Matthias Van De Vijver became a director. NBB
In short
From € 0 profit in 2022 to € 0 profit in 2025.
Paid € 333 in corporate taxes since 2022.
Pays suppliers within 1 days on average.
Management
The shares are held by TINC (50%), "Jan De Nul" NV (37.5%) and "EEG" NV (12.5%).
Directors
According to the 2025 annual accounts
Matthias Van De Vijver
Director
since 2024 · until 2030
since 2024 · until 2030
Paul Lievens
Director
Also active at: Lummerzheim & Co, Jan De Nul, Jan De Nul Dredging, MEST EN AFVALVERWERKING, Envisan, Vlaamse Bagger Maatschappij, SCK INVEST, PSR +13 more
since 2021 · until 2027
Karl Neyrinck
Director
since 2021 · until 2027
since 2024 · until 2030
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tragel 60
9308 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 103 companies are registered at this address.
All companies at this address →DOCK-SITE
€ 1.5 million gross margin · 2025
Lummerzheim & Co same network
€ 4.5 million gross margin · 2025
LAMBRECHTS
€ -5,255 gross margin · 2025
Jan De Nul same network
€ 1.7 billion revenue · 2025
Jan De Nul Dredging same network
€ 70.4 million revenue · 2025
+98 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
- 0774.334.073
- VAT number
- BE 0774.334.073
- Registered office
- Tragel 60, 9308 Aalst
- Names & denominations
- Hortus Conclusus
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 2021
- Peppol
- Active · Active since 31 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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