Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
HAZELHEARTWOOD from Kortenberg, company number BE0836783168, closed financial year 2025 with a result of € 2 million after tax. For that financial year HAZELHEARTWOOD recorded a gross margin of € 5.8 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 1.1 million to € 2 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 1.5 million
▲ 187% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ 77% vs 2024
Profit after tax over the fiscal year.
€ 2.3 million
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
51 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
27.3
▼ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 18% vs 2024
€ 111,600 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.
€ 136,380
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.8 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 657,831
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,642,238 | € 4,424,273 | € 5,367,766 | € 5,790,793 | ▲ 8% |
| Profit after taxes | € 593,451 | € 726,871 | € 1,112,828 | € 1,974,166 | ▲ 77% |
| Equity | € 834,517 | € 1,094,677 | € 520,505 | € 1,494,671 | ▲ 187% |
| Total debts | € 3,854,155 | € 4,195,409 | € 4,927,594 | € 3,623,849 | ▼ 26% |
| Cash | € 1,080,066 | € 1,196,459 | € 1,788,243 | € 2,268,249 | ▲ 27% |
| Retained profit | € 314,517 | € 574,677 | € 505 | € 974,671 | ▲ € 974,166 |
| Dividend | € 424,284 | € 466,711 | € 1,687,000 | € 1,000,000 | ▼ 41% |
| Balance sheet total | € 4,688,672 | € 5,290,085 | € 5,448,098 | € 5,248,520 | ▼ 4% |
| Employees (FTE) | 28 | 29.7 | 30.9 | 27.3 | ▼ 3.6 |
Key figures of HAZELHEARTWOOD, 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 HAZELHEARTWOOD?
What happened at HAZELHEARTWOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2 million (▲ 77% vs 2024). Source: NBB ↗
- Heartwood Holding BV became a director. NBB
- Guido De Grefte CommV stepped down as director. NBB
- Jamas Consulting BV stepped down as director. NBB
- GINKGO Associates BV stepped down as director. NBB
- LOGIKA BV stepped down as director. NBB
- PROCEEDING BV stepped down as director. NBB
- PROCEEDING BV became a director. NBB
In short
From € 593,451 profit in 2022 to € 2 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 2 million profit.
On average € 212,100 of value added per employee in 2025.
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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
The stake of JAMAS consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HAZELHEARTWOODBehind HAZELHEARTWOOD is Heartwood Holding BV. The shares are held by JAMAS consulting (11.5%). It owns 1% of Experience@Work CV itself.
Directors
According to the 2025 annual accounts
Associate · represented by Chaïm Barbier
since 2025
Director · represented by Guido De Grefte
Also active at: Efekto, Heartwood Holding
since 2019 · until 2025
Director · represented by Filip Dierckx
Also active at: Gimv, WORX FOR SOCIETY, SIAT, TINC Manager, WorxInvest Subholding, WorxInvest Holding, WorxInvest, i3-Group Holding +3 more
since 2021 · until 2025
Director · represented by Patrick De Vos
Also active at: WorxInvest Subholding, Ter Wind Invest, WorxInvest Holding, WorxInvest, ECS corporate, Vulpia Care, SEMAJULI
since 2021 · until 2025
Director · represented by Marc Binnemans
Also active at: WORX FOR SOCIETY, WorxInvest Subholding, WorxInvest Holding, WorxInvest
since 2022 · until 2025
since 2019 · until 2025
Shareholders
11.5%
Participations
Establishments
Establishment units
Physical locations of this company
Abdijdreef 14
3070 Kortenberg
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
- 0836.783.168
- VAT number
- BE 0836.783.168
- Registered office
- Abdijdreef 14, 3070 Kortenberg
- Names & denominations
- HAZELHEARTWOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 June 2011
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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