Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELHYPERION from Ukkel, company number BE0885369874, closed financial year 2025 with a result of € 166.1 million after tax. For that financial year BELHYPERION recorded revenue of € 2.2 million and equity of € 1.4 billion. Compared with financial year 2024, the result moved from € 58 million to € 166.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 8, 2026.
€ 1.4 billion
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 166.1 million
▲ 186% vs 2024
Profit after tax over the fiscal year.
€ 152.2 million
▲ € 131.9 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 806.9 million.
People and assets in 2025
6.7
▲ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 655,199
▲ 53% vs 2024
€ 97,800 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.
€ 22,797
▲ 11% 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.
€ 5.5 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 378 days on average.
€ 7 million
▲ 103% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 2,024,444 | € 2,155,676 | € 2,195,556 | ▲ 2% |
| Profit after taxes | € 123,499,625 | € 58,033,224 | € 166,068,790 | ▲ 186% |
| Equity | € 1,204,147,323 | € 1,262,180,547 | € 1,428,249,337 | ▲ 13% |
| Total debts | € 382,552,310 | € 479,631,525 | € 563,962,638 | ▲ 18% |
| Cash | € 129,428,114 | € 20,266,344 | € 152,163,756 | ▲ € 131.9 million |
| Retained profit | € 582,839,351 | € 640,872,574 | € 806,941,365 | ▲ 26% |
| Bank debt | € 0 | € 48,082,944 | € 0 | ▼ 100% |
| Balance sheet total | € 1,586,699,633 | € 1,741,812,073 | € 1,992,211,975 | ▲ 14% |
| Employees (FTE) | 3.2 | 5.1 | 6.7 | ▲ 1.6 |
Key figures of BELHYPERION, fiscal years 2023 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 BELHYPERION?
What happened at BELHYPERION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- William BUROS stepped down as director. NBB
- Hervé LE LOUS stepped down as director. NBB
- BTG INDUSTRIES & SANTE stepped down as director. NBB
- Christian BAILLET stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 166.1 million (▲ 186% vs 2024). Source: NBB ↗
- William BUROS became a director. NBB
- Hervé LE LOUS became a director. NBB
- BTG INDUSTRIES & SANTE became a director. NBB
In short
From € 123.5 million profit in 2023 to € 166.1 million profit in 2025.
Paid € 69.5 million in corporate taxes since 2023.
Best year ever: 2025, with € 166.1 million profit.
A new publication or filing at BELHYPERION? 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
The shares are held by BTG INDUSTRIES ET SANTE SAS (à date d'Assemblée Générale) (100%). It owns 20.4% of ADHARA itself.
Directors
According to the 2025 annual accounts
Hervé LE LOUS
Director
since 2024 · until 2030
William BUROS
Managing director
since 2025 · until 2031
Christian BAILLET
Director
since 2023 · until 2029
BTG INDUSTRIES & SANTE
Director · represented by Tristan LE LOUS
since 2024 · until 2030
Shareholders
BTG INDUSTRIES ET SANTE SAS (à date d'Assemblée Générale)
100%
Participations
ADHARA
20.4%
Establishments
Establishment units
Physical locations of this company
Ruisbroeksesteenweg 76
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CAMERA and CO
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+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0885.369.874
- VAT number
- BE 0885.369.874
- Registered office
- Ruisbroeksesteenweg 76, 1180 Ukkel
- Names & denominations
- BELHYPERION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 2006
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Overige financiële dienstverlening, neg
Overige financiële instellingen, n.e.g.