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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Late annual account NBB
Fiscal year 2024 was filed 411 days after the legal deadline.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
Financials
Financial year 2024
HARTWOOD from Elsene, company number BE0830011281, closed financial year 2024 with a result of € 513,230 after tax. For that financial year HARTWOOD recorded revenue of € 3.6 million and equity of € 95.8 million. Compared with financial year 2023, the result moved from € 700,984 to € 513,230. The company is profitable. 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 September 15, 2026.
€ 95.8 million
▼ 45% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 513,230
▼ 27% vs 2023
Profit after tax over the fiscal year.
€ 568,924
▼ 96% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 95.6 million.
People and assets in 2024
29.1
▼ 0.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 2% vs 2023
€ 73,000 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.
€ 363,590
▲ 56% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▲ 92% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 116 days on average.
€ 1.5 million
▲ 57% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 9,238,514 | € 4,977,562 | € 3,022,429 | € 3,559,959 | ▲ 18% |
| Profit after taxes | € 4,660,429 | € 277,701,529 | € 700,984 | € 513,230 | ▼ 27% |
| Equity | € 6,074,466 | € 173,775,995 | € 174,476,979 | € 95,751,392 | ▼ 45% |
| Total debts | € 14,711,869 | € 7,992,277 | € 1,602,794 | € 2,805,214 | ▲ 75% |
| Cash | € 1,847,880 | € 1,888,920 | € 13,288,783 | € 568,924 | ▼ 96% |
| Retained profit | € 5,874,466 | € 173,575,995 | € 174,276,979 | € 95,591,392 | ▼ 45% |
| Dividend | € 2,096,782 | € 110,000,000 | € 0 | € 0 | |
| Bank debt | € 28,687 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 20,786,335 | € 181,768,272 | € 176,079,773 | € 98,556,606 | ▼ 44% |
| Employees (FTE) | 42.5 | 30.4 | 29.9 | 29.1 | ▼ 0.8 |
Key figures of HARTWOOD, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to HARTWOOD?
What happened at HARTWOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 513,230 (▼ 27% vs 2023). filed late Source: NBB ↗
- Francis Joyaud became a director. NBB
- Jérôme Picard stepped down as director. NBB
- Jean-Yves Le Mouillour stepped down as director. NBB
- Jérôme Picard became a director. NBB
- Jean-Yves Le Mouillour became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Elsene. KBO
In short
From € 4.7 million profit in 2021 to € 513,230 profit in 2024.
Paid € 9.7 million in corporate taxes since 2021.
Best year ever: 2022, with € 277.7 million profit.
Paid out € 112.1 million in dividends to the owners in total.
A new publication or filing at HARTWOOD? 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
Behind HARTWOOD is Francis Joyaud. It owns 100% of AFD España, 100% of Sofine, 99% of SCI FIANCORUS, 90% of Evoteo, 90% of Hartwood JV and 80% of Calypse Consulting itself.
Directors
According to the 2024 annual accounts
Francis Joyaud
Chairman of the board
since 2024
Jérôme Picard
Director
since 2022 · until 2024
Jean-Yves Le Mouillour
Director
since 2022 · until 2024
Establishments
Establishment units
Physical locations of this company
Louizalaan 367
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0830.011.281
- VAT number
- BE 0830.011.281
- Registered office
- Louizalaan 367, 1050 Elsene
- Names & denominations
- HARTWOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 2010
- Peppol
- Active · Active since 13 Oct 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
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