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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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HBF INVEST from Ittre, company number BE0890905012, closed financial year 2025 with a result of € 382,481 after tax. For that financial year HBF INVEST recorded a gross margin of € 273,020 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 488,089 to € 382,481. 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 22, 2025.
€ 2.3 million
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 382,481
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 142,941
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 820,499
▼ 20% vs 2024
€ 210,311 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 12,667
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,703
▼ 21% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 144,681 | € 289,214 | € 296,194 | € 273,020 | ▼ 8% |
| Profit after taxes | € 509,762 | € 631,593 | € 488,089 | € 382,481 | ▼ 22% |
| Equity | € 2,353,197 | € 2,567,650 | € 2,884,311 | € 2,250,885 | ▼ 22% |
| Total debts | € 1,947,817 | € 1,771,626 | € 1,273,559 | € 1,895,774 | ▲ 49% |
| Cash | € 1,057,605 | € 1,156,039 | € 299,777 | € 142,941 | ▼ 52% |
| Land & buildings | € 2,384,522 | € 2,316,461 | € 2,188,317 | € 2,121,063 | ▼ 3% |
| Retained profit | € 2,331,197 | € 2,545,650 | € 2,862,311 | € 2,228,885 | ▼ 22% |
| Dividend | € 167,095 | € 417,141 | € 171,429 | € 1,015,906 | ▲ € 844,477 |
| Bank debt | € 1,724,041 | € 1,296,537 | € 1,023,660 | € 820,499 | ▼ 20% |
| Balance sheet total | € 4,301,015 | € 4,339,276 | € 4,167,870 | € 4,146,660 | ▼ 1% |
Key figures of HBF INVEST, 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 HBF INVEST?
What happened at HBF INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 382,481 (▼ 22% vs 2024). Source: NBB ↗
- Bruno DUGARDIN became a director. NBB
- Frank ONSEA became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 509,762 profit in 2022 to € 382,481 profit in 2025.
Paid € 206,469 in corporate taxes since 2022.
Best year ever: 2023, with € 631,593 profit.
Paid out € 1.8 million in dividends to the owners in total.
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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 HBF INVEST are Bruno DUGARDIN and Frank ONSEA. It owns 99% of Art Kitchen SA and 96% of HBF Keukens itself.
Directors
According to the 2025 annual accounts
Bruno DUGARDIN
Director
since 2013
since 2013
Establishments
Establishment units
Physical locations of this company
Boulevard Piron 25
1461 Ittre
Chaussée de Namur 223
1300 Wavre
Active since 1 August 2007
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.905.012
- VAT number
- BE 0890.905.012
- Registered office
- Boulevard Piron 25, 1461 Ittre
- Names & denominations
- HBF INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 2007
- Peppol
- Active · Active since 31 Oct 2025
- Activities · NACE
Overige zakelijke dienstverlening, neg
Overige zakelijke dienstverlening, n.e.g.
Activiteiten van holdings
Arbeidsbemiddeling
Handel in eigen onroerend goed
Managementactiviteiten van holdings
Handel in onroerend goed
Financiële holdings
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