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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Hg from Izegem, company number BE0790982639, closed financial year 2025 with a result of € 236,740 after tax. For that financial year Hg recorded a gross margin of € 307,291 and equity of € 264,283. Compared with financial year 2024, the result moved from € 153,976 to € 236,740. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 14, 2026.
€ 264,283
▲ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 236,740
▲ 54% vs 2024
Profit after tax over the fiscal year.
€ 91,892
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,000 paid out
51 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 582
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 279
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 64,303
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 45,122 | € 83,856 | € 199,711 | € 307,291 | ▲ 54% |
| Profit after taxes | € 35,712 | € 66,621 | € 153,976 | € 236,740 | ▲ 54% |
| Equity | € 38,712 | € 105,332 | € 147,544 | € 264,283 | ▲ 79% |
| Total debts | € 19,666 | € 55,578 | € 195,628 | € 187,278 | ▼ 4% |
| Cash | € 13,003 | € 111,839 | € 143,460 | € 91,892 | ▼ 36% |
| Retained profit | € 35,712 | € 102,332 | € 144,544 | € 261,283 | ▲ 81% |
| Dividend | € 0 | € 0 | € 111,765 | € 120,000 | ▲ 7% |
| Balance sheet total | € 58,378 | € 160,910 | € 343,172 | € 451,562 | ▲ 32% |
Key figures of Hg, 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?
What happened at Hg in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 236,740 (▲ 54% vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,712 profit in 2022 to € 236,740 profit in 2025.
Paid € 143,972 in corporate taxes since 2022.
Best year ever: 2025, with € 236,740 profit.
Paid out € 231,765 in dividends to the owners in total.
Management
Behind Hg is Gauthier Holvoet. Gauthier Holvoet is also behind LIMBURGS STAALSERVICE CENTER.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Sint-Jorisstraat 37
8870 Izegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0790.982.639
- VAT number
- BE 0790.982.639
- Registered office
- Sint-Jorisstraat 37, 8870 Izegem
- Names & denominations
- Hg
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 2022
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
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