Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HARES IMMO from Mont-Saint-Guibert, company number BE0818898447, closed financial year 2025 with a result of € -140,009 after tax. For that financial year HARES IMMO recorded a gross margin of € 18,852 and equity of € 254,606. Compared with financial year 2024, the result moved from € -2,690 to € -140,009. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 254,606
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -140,009
▼ 5105 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,823
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -421,994.
People and assets in 2025
€ 35,233
▼ 66% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 503
▼ 59% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 742,167
▼ 8% vs 2024
€ 64,614 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 44,310
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,542
▼ 62% vs 2024
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 | € 152,910 | € 82,612 | € 231,591 | € 18,852 | ▼ 92% |
| Profit after taxes | € -69,594 | € -145,420 | € -2,690 | € -140,009 | ▼ € 137,319 |
| Equity | € 542,725 | € 397,305 | € 394,615 | € 254,606 | ▼ 35% |
| Total debts | € 1,155,569 | € 1,208,705 | € 1,229,819 | € 1,118,906 | ▼ 9% |
| Cash | € 9,675 | € 6,191 | € 15,177 | € 4,823 | ▼ 68% |
| Land & buildings | € 1,303,597 | € 1,256,376 | € 1,209,156 | € 1,161,935 | ▼ 4% |
| Retained profit | € -133,875 | € -279,295 | € -281,985 | € -421,994 | ▼ € 140,009 |
| Bank debt | € 928,893 | € 867,814 | € 805,580 | € 742,167 | ▼ 8% |
| Balance sheet total | € 1,698,294 | € 1,606,010 | € 1,624,434 | € 1,373,513 | ▼ 15% |
Key figures of HARES 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 HARES IMMO?
What happened at HARES IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 140,009. Source: NBB ↗
- New establishment in Mont-Saint-Guibert. KBO
- Start of the company according to the CBE. KBO
In short
From € 69,594 loss in 2022 to € 140,009 loss in 2025.
Paid € 1,469 in corporate taxes since 2022.
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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 HARES IMMO are GLR INVEST SRL and KEY-ROS SRL. The same people are also behind HIGH SYSTEMS, TRO4 CONSULT, HARES INVEST, HIGH SECURITY SOLUTIONS and HIGH DRIVE. GLR INVEST SRL is also behind HIGH SERVICES.
Directors
According to the 2025 annual accounts
Director · represented by Lionel Reul
Also active at: HIGH SYSTEMS, TRO4 CONSULT, HARES INVEST, HIGH SECURITY SOLUTIONS, HIGH SERVICES, HIGH DRIVE, HIGH SECURITY, MESYS
Director · represented by Sébastien Bourgys
Also active at: HIGH SYSTEMS, TRO4 CONSULT, HARES INVEST, HIGH SECURITY SOLUTIONS, HIGH DRIVE, HIGH SECURITY, MESYS
Establishments
Establishment units
Physical locations of this company
Rue Haute 51
1435 Mont-Saint-Guibert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0818.898.447
- VAT number
- BE 0818.898.447
- Registered office
- Rue Haute 51, 1435 Mont-Saint-Guibert
- Names & denominations
- HARES IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 2009
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen