Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SI-HBeL from Herstal, company number BE0817945075, closed financial year 2025 with a result of € 7.5 million after tax. For that financial year SI-HBeL recorded revenue of € 3.2 million and equity of € 20.8 million. Compared with financial year 2024, the result moved from € 4.2 million to € 7.5 million. 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 June 22, 2026.
€ 20.8 million
▲ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.5 million
▲ 78% vs 2024
Profit after tax over the fiscal year.
€ 563,276
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
13 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
7.2
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 622,493
▲ 3% vs 2024
€ 86,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 341,195
▲ 36% vs 2024
Of which on lease € 81,158.
Debts at end 2025
€ 9.5 million
▲ 160% vs 2024
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 353,861
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 66 days on average.
€ 476,409
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,778,374 | € 3,121,272 | € 3,128,518 | € 3,210,182 | ▲ 3% |
| Profit after taxes | € 1,494,464 | € 3,520,547 | € 4,223,565 | € 7,536,598 | ▲ 78% |
| Equity | € 8,688,051 | € 11,136,777 | € 14,317,100 | € 20,822,634 | ▲ 45% |
| Total debts | € 12,333,543 | € 8,896,402 | € 8,809,971 | € 19,772,608 | ▲ 124% |
| Cash | € 1,102,479 | € 268,629 | € 1,118,054 | € 563,276 | ▼ 50% |
| Land & buildings | € 6,795,825 | € 6,374,198 | € 6,330,970 | € 15,495,014 | ▲ 145% |
| Retained profit | € 6,905,968 | € 9,426,514 | € 12,650,080 | € 19,186,678 | ▲ 52% |
| Dividend | € 600,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | |
| Bank debt | € 5,070,487 | € 4,280,162 | € 3,636,386 | € 9,465,991 | ▲ 160% |
| Balance sheet total | € 21,049,591 | € 20,061,175 | € 23,178,782 | € 40,646,953 | ▲ 75% |
| Employees (FTE) | 7.3 | 7.5 | 7.5 | 7.2 | ▼ 0.3 |
Key figures of SI-HBeL, 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 SI-HBeL?
What happened at SI-HBeL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mireille BROERS stepped down as director. NBB
- Broers & Laraki Management SPRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.5 million (▲ 78% vs 2024). Source: NBB ↗
- Mireille BROERS became a director. NBB
- Broers & Laraki Management SPRL became a director. NBB
- New establishment in Herstal. KBO
- New establishment in Anderlues. KBO
- New establishment in Herstal. KBO
In short
From € 1.5 million profit in 2022 to € 7.5 million profit in 2025.
Paid € 35,379 in corporate taxes since 2022.
Best year ever: 2025, with € 7.5 million profit.
Paid out € 3.6 million in dividends to the owners in total.
Management
It owns 100% of TRAVAUX PUBLICS JEAN - MARIE STASSART, 100% of SOGELOC, 100% of SPD CONSULT, 100% of LOGIS-BEL, 99.8% of SOCIETE GENERALE DE PLANTATION and 99.8% of LEASE-BEL itself.
Directors
According to the 2025 annual accounts
Mireille BROERS
Director
Also active at: SOCIETE ANONYME DE CONSTRUCTION ET ENTRETIEN, Société Générale de Plantation, SOCIETE de TRAVAUX de LIEGE, LEASE-BeL, BROERS & LARAKI MANAGEMENT, SA LOTISSEMENTS DE WALLONIE
since 2025 · until 2030
Broers & Laraki Management SPRL
Director · represented by Thami LARAKI
Also active at: LOGIS-BeL, IMMO SISE, SA LOTISSEMENTS DE WALLONIE
since 2023 · until 2030
Establishments
Establishment units
Physical locations of this company
Avenue du Parc Industriel 11
4041 Herstal
Rue de l'Industrie 2
6150 Anderlues
Active since 9 January 2017
Rue de l'Eperonnerie 17
4041 Herstal
Active since 12 October 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →SOCIETE ANONYME DE CONSTRUCTION ET ENTRETIEN same network
€ 25.6 million revenue · 2025
Société Générale de Plantation same network
€ 17.4 million revenue · 2025
SOCIETE de TRAVAUX de LIEGE same network
€ 16.7 million revenue · 2025
LOGIS-BeL same network
€ 0 revenue · 2025
BEL-UNIT
+9 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
- 0817.945.075
- VAT number
- BE 0817.945.075
- Registered office
- Avenue du Parc Industriel 11, 4041 Herstal
- Names & denominations
- SI-HBeL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 August 2009
- Peppol
- Active · Active since 13 Aug 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Activiteiten van holdings
Ontwikkeling van niet-residentiële bouwprojecten
Ontwikkeling van residentiële bouwprojecten
Holdings