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.
-
Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HW.Connect from Seraing, company number BE0778712535, closed financial year 2025 with a result of € -22,698 after tax. For that financial year HW.Connect recorded a gross margin of € 25,193 and equity of € -2,422. Compared with financial year 2024, the result moved from € 6,821 to € -22,698. 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 8, 2026.
€ -2,422
▼ € 22,698 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,698
▼ still € 6,821 profit in 2024
Profit after tax over the fiscal year.
€ 4,839
▲ € 4,666 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7,422.
People and assets in 2025
€ 4,758
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 259,289
▼ 9% vs 2024
€ 28,685 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 34,380
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,871
▲ 141% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 34,480 | € 30,322 | € 49,796 | € 25,193 | ▼ 49% |
| Profit after taxes | € 19,544 | € -11,089 | € 6,821 | € -22,698 | ▼ € 29,519 |
| Equity | € 24,544 | € 13,455 | € 20,276 | € -2,422 | ▼ € 22,698 |
| Total debts | € 456,937 | € 516,159 | € 554,717 | € 569,430 | ▲ 3% |
| Cash | € 1,547 | € 746 | € 174 | € 4,839 | ▲ € 4,666 |
| Land & buildings | € 335,902 | € 378,319 | € 407,498 | € 390,052 | ▼ 4% |
| Retained profit | € 19,544 | € 8,455 | € 15,276 | € -7,422 | ▼ € 22,698 |
| Bank debt | € 293,146 | € 311,310 | € 285,691 | € 259,289 | ▼ 9% |
| Balance sheet total | € 481,481 | € 529,614 | € 574,993 | € 567,008 | ▼ 1% |
Key figures of HW.Connect, 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 HW.Connect?
What happened at HW.Connect in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,698 (▼ € 29,519 vs 2024). Source: NBB ↗
- New establishment in Seraing. KBO
- Start of the company according to the CBE. KBO
- Aline Hubot became a director. NBB
- Marine Wéry became a director. NBB
In short
From € 19,544 profit in 2022 to € 22,698 loss in 2025.
Best year ever: 2022, with € 19,544 profit.
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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
Behind HW.Connect are Aline Hubot and Marine Wéry.
Directors
According to the 2025 annual accounts
Aline Hubot
Director
since 2021
Marine Wéry
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Rue du Moulin 35
4100 Seraing
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.712.535
- VAT number
- BE 0778.712.535
- Registered office
- Rue du Moulin 35, 4100 Seraing
- Names & denominations
- HW.Connect
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2021
- Peppol
- Active · Active since 29 Jun 2026
- Activities · NACE
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