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 30 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
HDW Belux from Tienen, company number BE0818489958, closed financial year 2025 with a result of € 80,814 after tax. For that financial year HDW Belux recorded revenue of € 31.6 million and equity of € 4.7 million. Compared with financial year 2024, the result moved from € 1 million to € 80,814. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 4.7 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 80,814
▼ 92% vs 2024
Profit after tax over the fiscal year.
€ 148
▼ 97% 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 € 4.7 million.
People and assets in 2025
13.5
▲ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▲ 22% vs 2024
€ 98,800 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.
€ 222,783
▲ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 10 million
Loans from banks and other lenders, long and short.
€ 2.3 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 30 days on average.
€ 317,126
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,184,467 | € 14,749,556 | € 22,649,301 | € 31,629,131 | ▲ 40% |
| Profit after taxes | € 959,318 | € 628,312 | € 1,039,320 | € 80,814 | ▼ 92% |
| Equity | € 2,982,723 | € 3,611,034 | € 4,648,952 | € 4,729,766 | ▲ 2% |
| Total debts | € 8,531,202 | € 13,068,963 | € 22,140,853 | € 18,004,653 | ▼ 19% |
| Cash | € 16 | € 92,433 | € 4,274 | € 148 | ▼ 97% |
| Land & buildings | - | - | - | € 1,049,530 | |
| Retained profit | € 2,921,223 | € 3,549,534 | € 4,587,452 | € 4,668,266 | ▲ 2% |
| Bank debt | € 5,009,070 | € 10,055,400 | € 10,000,000 | € 10,009,980 | |
| Balance sheet total | € 11,518,925 | € 16,679,997 | € 26,789,805 | € 22,734,419 | ▼ 15% |
| Employees (FTE) | 8 | 10.4 | 11.9 | 13.5 | ▲ 1.6 |
Key figures of HDW Belux, 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 HDW Belux?
What happened at HDW Belux in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mike Van den Bosch stepped down as director. NBB
- Leendert Andries Schouten stepped down as director. NBB
- Pascal Vanhalst stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 80,814 (▼ 92% vs 2024). Source: NBB ↗
- Mike Van den Bosch became a director. NBB
- Leendert Andries Schouten became a director. NBB
- Pascal Vanhalst became a director. NBB
- New establishment in Tienen. KBO
In short
From € 959,318 profit in 2022 to € 80,814 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 1 million profit.
Pays suppliers within 30 days on average.
Management
The shares are held by Mateco SARL (99%) and Gunco SARL (1%).
Directors
According to the 2025 annual accounts
Mike Van den Bosch
Director
since 2021 · until 2027
Leendert Andries Schouten
Director
since 2021 · until 2027
Pascal Vanhalst
Director
Also active at: TVH EQUIPMENT, Abriso-Jiffy, WIJNGALERIJ CROMBE, RESILUX, ABRISO HOLDING, AbrisoJiffy Invest, Sweet Mustard, MATECO BELGIUM +9 more
since 2021 · until 2027
Shareholders
Mateco SARL
99%
Gunco SARL
1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Esperantolaan 12
3300 Tienen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Hosting
HETZNER-AS, DE
DNS
Google Cloud DNS
Domain
Domain
hdw-intl.com
Registered
2020-10-15
Registrar
Key-Systems GmbH
Expires
2026-10-15
Website info
Features
Security
Details
- Company number
- 0818.489.958
- VAT number
- BE 0818.489.958
- Registered office
- Esperantolaan 12, 3300 Tienen
- Names & denominations
- HDW Belux
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 September 2009
- Peppol
- Active · Active since 13 Jan 2026
- Contact
- hdw-intl.com 0186 227 000
- Activities · NACE
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