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 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Hasco from Alken, company number BE0829192721, closed financial year 2025 with a result of € -10.4 million after tax. For that financial year Hasco recorded revenue of € 4.1 million and equity of € 262.8 million. Compared with financial year 2024, the result moved from € -4.6 million to € -10.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 19, 2026.
€ 262.8 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10.4 million
▼ 123 % more loss than in 2024
Profit after tax over the fiscal year.
€ 201,557
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 229.1 million.
People and assets in 2025
8.3
▲ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 682,099
▲ 66% vs 2024
€ 82,200 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.
€ 52,217
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 29.1 million
▲ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 650,748
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
€ 85,305
▼ 39% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,222,957 | € 5,662,925 | € 5,970,395 | € 4,122,626 | ▼ 31% |
| Profit after taxes | € 49,613,832 | € 153,322,764 | € -4,636,980 | € -10,352,429 | ▼ € 5.7 million |
| Equity | € 125,118,554 | € 277,836,318 | € 273,199,337 | € 262,846,908 | ▼ 4% |
| Total debts | € 86,214,852 | € 98,991,774 | € 98,386,883 | € 70,312,667 | ▼ 29% |
| Cash | € 14,219,325 | € 5,742,221 | € 1,966,005 | € 201,557 | ▼ 90% |
| Retained profit | € 91,361,054 | € 244,078,818 | € 239,441,837 | € 229,089,408 | ▼ 4% |
| Dividend | € 0 | € 605,000 | € 0 | € 0 | |
| Bank debt | € 72,074,239 | € 69,968,573 | € 28,490,000 | € 29,090,000 | ▲ 2% |
| Balance sheet total | € 211,333,406 | € 376,828,092 | € 371,586,220 | € 333,159,575 | ▼ 10% |
| Employees (FTE) | 1 | 1.6 | 5.3 | 8.3 | ▲ 3 |
Key figures of Hasco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Hasco?
What happened at Hasco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BV Gemrick stepped down as director. NBB
- Baptiste van Outryve d'Ydewalle stepped down as director. NBB
- BV Jowan stepped down as director. NBB
- BV Asgard B.V. stepped down as director. NBB
- NV BS - INVEST stepped down as director. NBB
- BV Artas stepped down as director. NBB
- BV Disana stepped down as director. NBB
- BV Independence Plus Dienstencentrum BV stepped down as director. NBB
In short
From € 49.6 million profit in 2022 to € 10.4 million loss in 2025.
Paid € 10,577 in corporate taxes since 2022.
Best year ever: 2023, with € 153.3 million profit.
Paid out € 605,000 in dividends to the owners in total.
A new publication or filing at Hasco? We notify you, reason included.
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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
It owns 100% of Multi Logistics Group, 100% of Hasco Solar Invest, 100% of Climagroup Holding, 100% of Vestra Real Estate Group, 100% of Comfort Energy Group and 100% of Sun Calor itself.
Directors
According to the 2025 annual accounts
Director · represented by Jonas Wanten
Also active at: De Kegel Energie, WANTEN, Degros, T.V.W., Disana, Comfort Energy Group, E.T., Orion Transport Noord +1 more
since 2021 · until 2027
Baptiste van Outryve d'Ydewalle
Director
since 2024 · until 2027
Director · represented by Geert Peeters
Also active at: Van Genechten Packaging International
since 2024 · until 2027
Director · represented by Dennis Edey
Also active at: Encon, The Energy Group, RPPRT, Hasco Solar Invest, Blue Sky, Infinity Building, Inesco
since 2021 · until 2027
since 2023 · until 2027
Director · represented by Martijn Wanten
Also active at: De Kegel Energie, Sun Calor, Climabel, VERBOVEN, Delrivière-Maes, WANTEN, Immo Ellikom, Immo Ten Eikenen +30 more
since 2021 · until 2027
BV Independence Plus Dienstencentrum BV
Director · represented by Johann Leten
since 2021 · until 2027
Francis Wanten
Director
Also active at: De Kegel Energie, RCT Stevedoring, Sun Calor, VOKA - Kamer van Koophandel Limburg, Climabel, VERBOVEN, Delrivière-Maes, WANTEN +25 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Steenweg 194
3570 Alken
Herkenrodesingel 4A
3500 Hasselt
Active since 1 April 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0829.192.721
- VAT number
- BE 0829.192.721
- Registered office
- Steenweg 194, 3570 Alken
- Names & denominations
- Hasco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 September 2010
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Activiteiten van holdings
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Holdings
Diverse administratieve activiteiten ten behoeve van kantoren