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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
HG IMMO from Ottignies-Louvain-la-Neuve, company number BE0787715125, closed financial year 2025 with a result of € 20,881 after tax. For that financial year HG IMMO recorded a gross margin of € 64,635 and equity of € -14,256. Compared with financial year 2024, the result moved from € -2,629 to € 20,881. Profitable, and profit is growing. 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 28, 2026.
€ -14,256
▲ € 20,881 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,881
▲ still € 2,629 loss in 2024
Profit after tax over the fiscal year.
€ 29,872
▲ € 22,507 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 € -114,256.
People and assets in 2025
€ 14,717
▲ 183% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 424,929
▼ 4% vs 2024
€ 17,612 is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 1,010
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,055 | € 24,562 | € 40,145 | € 64,635 | ▲ 61% |
| Profit after taxes | € -115,006 | € -17,502 | € -2,629 | € 20,881 | ▲ € 23,509 |
| Equity | € -15,006 | € -32,508 | € -35,137 | € -14,256 | ▲ € 20,881 |
| Total debts | € 826,846 | € 806,197 | € 802,842 | € 791,600 | ▼ 1% |
| Cash | € 19,085 | € 2,975 | € 7,365 | € 29,872 | ▲ € 22,507 |
| Land & buildings | € 787,503 | € 765,905 | € 744,307 | € 722,709 | ▼ 3% |
| Retained profit | € -115,006 | € -132,508 | € -135,137 | € -114,256 | ▲ € 20,881 |
| Bank debt | € 473,525 | € 458,003 | € 441,814 | € 424,929 | ▼ 4% |
| Balance sheet total | € 811,840 | € 773,689 | € 767,706 | € 777,344 | ▲ 1% |
Key figures of HG IMMO, 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 HG IMMO?
What happened at HG IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,881. Source: NBB ↗
- New establishment in Ottignies-Louvain-la-Neuve. KBO
- HELENE GEERAERTS became a director. NBB
- GILLES SMITS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 115,006 loss in 2022 to € 20,881 profit in 2025.
Best year ever: 2025, with € 20,881 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 HG IMMO are HELENE GEERAERTS and GILLES SMITS. The same people are also behind HG Pharma. GILLES SMITS is also behind Wavrienne de Gestion Immobilière, PHARMA PROJECT, Pharmacie Smits Basse Wavre and PHARMACIE SMITS.
Directors
According to the 2025 annual accounts
since 2022
GILLES SMITS
Director
Also active at: Wavrienne de Gestion Immobilière, PHARMA PROJECT, HG Pharma, Pharmacie Smits Basse Wavre, PHARMACIE SMITS
since 2022
Establishments
Establishment units
Physical locations of this company
Avenue des Fauvettes 23
1341 Ottignies-Louvain-la-Neuve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0787.715.125
- VAT number
- BE 0787.715.125
- Registered office
- Avenue des Fauvettes 23, 1341 Ottignies-Louvain-la-Neuve
- Names & denominations
- HG IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 2022
- Peppol
- Not registered