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 15 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
HG Investment Group from Brussel, company number BE0794502353, closed financial year 2025 with a result of € 861,161 after tax. For that financial year HG Investment Group recorded a gross margin of € 1.5 million and equity of € 941,378. Compared with financial year 2024, the result moved from € 20,523 to € 861,161. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 941,378
▲ € 1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 861,161
▲ € 840,637 vs 2024
Profit after tax over the fiscal year.
€ 433,829
▲ € 348,505 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 550,000 paid out
64 % of the profit went to the shareholders, mostly to 109 ROYAL (55 % of the shares). That is where the money ends up.
People and assets in 2025
€ 3,153
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5 million
▲ 139% vs 2024
€ 32,320 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 93,583
▲ € 70,699 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 275,008
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 | € -680 | € 39,177 | € 206,848 | € 1,476,245 | ▲ € 1.3 million |
| Profit after taxes | € -1,953 | € -131,356 | € 20,523 | € 861,161 | ▲ € 840,637 |
| Equity | € 18,047 | € -113,308 | € -92,785 | € 941,378 | ▲ € 1 million |
| Total debts | € 1,953 | € 2,732,691 | € 2,832,745 | € 8,316,607 | ▲ 194% |
| Cash | € 20,000 | € 16,403 | € 85,324 | € 433,829 | ▲ € 348,505 |
| Land & buildings | - | € 1,231,582 | € 397,627 | € 2,620,888 | ▲ € 2.2 million |
| Retained profit | € -1,953 | € -133,308 | € -112,785 | € 198,376 | ▲ € 311,161 |
| Dividend | € 0 | € 0 | € 0 | € 550,000 | |
| Bank debt | € 0 | € 1,999,118 | € 2,085,050 | € 4,983,128 | ▲ 139% |
| Balance sheet total | € 20,000 | € 2,619,383 | € 2,739,960 | € 9,257,985 | ▲ 238% |
Key figures of HG Investment Group, 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 Investment Group?
What happened at HG Investment Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 861,161 (▲ € 840,637 vs 2024). Source: NBB ↗
- MIDCAP SRL became a director. NBB
- GGRE SRL became a director. NBB
- Berenger DROUIN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1,953 loss in 2022 to € 861,161 profit in 2025.
Paid € 275,008 in corporate taxes since 2022.
Best year ever: 2025, with € 861,161 profit.
Paid out € 550,000 in dividends to the owners in total.
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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
The stake of 109 ROYAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HG Investment GroupBehind HG Investment Group are MIDCAP SRL, GGRE SRL and Berenger DROUIN. The shares are held by 109 ROYAL (55%). It owns 50% of DIBLAZE itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Michael DESPIEGEMAERE
Also active at: CROWN BUILDING, 109 ROYAL, EUROPEAN CROWN REAL ESTATE
since 2025
Managing director · represented by Guillaume de KERCHOVE d'EXAERDE
since 2025
since 2023
Shareholders
55%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Louizalaan 283
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
All companies at this address →Résidence Saint-Georges
€ 267,104 gross margin · 2025
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€ 80,352 gross margin · 2025
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EF EDUCATION
€ 2 million gross margin · 2025
AMIS DE L'UNIVERSITE BEN GURION - DE VRIENDEN VAN DE BEN GURION UNIVERSITEIT
+43 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
- 0794.502.353
- VAT number
- BE 0794.502.353
- Registered office
- Louizalaan 283, 1050 Brussel
- Names & denominations
- HG Investment Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 December 2022
- Peppol
- Active · Active since 31 Jul 2026