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 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
HEDGREN CREATIONS from Antwerpen, company number BE0880202348, closed financial year 2024 with a result of € -1.7 million after tax. For that financial year HEDGREN CREATIONS recorded revenue of € 4.9 million and equity of € 1.9 million. Compared with financial year 2023, the result moved from € -1.4 million to € -1.7 million. 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 December 3, 2025.
€ 1.9 million
▼ 47% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.7 million
▼ 25 % more loss than in 2023
Profit after tax over the fiscal year.
€ 748,676
▲ 70% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17.5 million.
People and assets in 2024
13.9
▼ 1.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 9% vs 2023
€ 103,100 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.
€ 5,868
▲ € 4,455 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.
€ 7.7 million
▲ 34% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 600 days on average.
€ 196,419
▲ 10% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 3,196,139 | € 4,392,640 | € 4,663,416 | € 4,948,485 | ▲ 6% |
| Profit after taxes | € -2,172,715 | € -1,207,010 | € -1,357,810 | € -1,701,880 | ▼ € 344,070 |
| Equity | € 6,197,641 | € 4,990,630 | € 3,632,821 | € 1,930,941 | ▼ 47% |
| Total debts | € 6,272,261 | € 8,367,465 | € 6,542,647 | € 8,529,182 | ▲ 30% |
| Cash | € 479,271 | € 318,618 | € 441,512 | € 748,676 | ▲ 70% |
| Retained profit | € -13,192,798 | € -14,399,808 | € -15,757,618 | € -17,459,497 | ▼ € 1.7 million |
| Balance sheet total | € 12,469,902 | € 13,358,096 | € 10,175,467 | € 10,460,124 | ▲ 3% |
| Employees (FTE) | 12.2 | 14.6 | 15 | 13.9 | ▼ 1.1 |
Key figures of HEDGREN CREATIONS, 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 HEDGREN CREATIONS?
What happened at HEDGREN CREATIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Xiao Jun CHEN stepped down as director. NBB
- Ai Fang PAN stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.7 million. filed late Source: NBB ↗
- New establishment in Kapellen. KBO
- Xiao Jun CHEN became a director. NBB
- Ai Fang PAN became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.2 million loss in 2021 to € 1.7 million loss in 2024.
Paid € 16,296 in corporate taxes since 2021.
A new publication or filing at HEDGREN CREATIONS? We notify you, reason included.
Follow HEDGREN CREATIONSDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 Hedgren USA Inc. and HEDGREN CHINA itself.
Directors
According to the 2024 annual accounts
Xiao Jun CHEN
Managing director
since 2023 · until 2029
Ai Fang PAN
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Ankerrui 2
2000 Antwerpen
Starrenhoflaan 3
2950 Kapellen
Active since 15 March 2024
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.
Details
- Company number
- 0880.202.348
- VAT number
- BE 0880.202.348
- Registered office
- Ankerrui 2, 2000 Antwerpen
- Names & denominations
- HEDGREN CREATIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2006
- Peppol
- Active · Active since 20 Apr 2026
- Activities · NACE
Groothandel in lederwaren en reisartikelen
Vervaardiging van koffers, tassen, zadel- en tuigmakerswerk van ongeacht welk materiaal
Vervaardiging van koffers, tassen en dergelijke, zadel- en tuigmakerswerk