Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 7.1 to 6.1.
Financials
Financial year 2025
HANNECARD from Ronse, company number BE0892311512, closed financial year 2025 with a result of € 510,347 after tax. For that financial year HANNECARD recorded revenue of € 4.6 million and equity of € 36.3 million. Compared with financial year 2024, the result moved from € 951,030 to € 510,347. The company is profitable. 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 August 31, 2026.
€ 36.3 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 510,347
▼ 46% vs 2024
Profit after tax over the fiscal year.
€ 142,990
▲ € 115,081 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 € 15.9 million.
People and assets in 2025
6.1
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 674,934
▼ 5% vs 2024
€ 110,600 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.
€ 3,158
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.8 million
▼ 42% vs 2024
€ 655,908 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 501,669
▼ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.
€ 149,320
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,914,672 | € 4,151,410 | € 4,505,482 | € 4,553,897 | ▲ 1% |
| Profit after taxes | € 2,086,731 | € 2,077,911 | € 951,030 | € 510,347 | ▼ 46% |
| Equity | € 25,552,289 | € 29,380,200 | € 33,331,230 | € 36,341,578 | ▲ 9% |
| Total debts | € 8,687,627 | € 8,581,330 | € 9,440,216 | € 6,050,182 | ▼ 36% |
| Cash | € 187,568 | € 144,373 | € 27,909 | € 142,990 | ▲ € 115,081 |
| Land & buildings | € 4,391,021 | € 5,118,426 | € 4,877,306 | € 4,837,846 | ▼ 1% |
| Retained profit | € 12,388,344 | € 14,466,255 | € 15,417,285 | € 15,927,633 | ▲ 3% |
| Bank debt | € 7,638,289 | € 7,557,881 | € 8,286,730 | € 4,771,722 | ▼ 42% |
| Balance sheet total | € 34,301,383 | € 38,017,729 | € 42,822,378 | € 42,432,831 | ▼ 1% |
| Employees (FTE) | 7.4 | 7.1 | 6.8 | 6.1 | ▼ 0.7 |
Key figures of HANNECARD, 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 HANNECARD?
What happened at HANNECARD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bert Fraeye stepped down as director. NBB
- Vithe BV stepped down as director. NBB
- VERHEMA NV stepped down as director. NBB
- Jan Peter Pison stepped down as director. NBB
- BNP PARIBAS FORTIS PRIVATE EQUITY MANAGEMENT NV stepped down as director. NBB
- Filip Fraeye stepped down as director. NBB
- UNIFLEX BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 510,347 (▼ 46% vs 2024). filed late Source: NBB ↗
In short
From € 2.1 million profit in 2022 to € 510,347 profit in 2025.
Paid € 47,852 in corporate taxes since 2022.
Best year ever: 2022, with € 2.1 million profit.
Pays suppliers within 50 days on average.
Management
The stake of BNP PARIBAS FORTIS PRIVATE EQUITY BELGIUM, Uniflex, Flexilis comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HANNECARDThe shares are held by BNP PARIBAS FORTIS PRIVATE EQUITY BELGIUM (20.1%), Uniflex (8.2%) and Flexilis (1.6%). It owns 100% of Hannecard - Rus, 100% of Hannecard Benelux, 100% of HANNECARD ALSACE - AQUITAINE, 100% of HANNECARD FRANCE, 100% of HANNECARD GMBHh and 100% of Hannecard Inc itself.
Directors
According to the 2025 annual accounts
Bert Fraeye
Director
since 2022 · until 2027
Director · represented by Dirk Vidts
Also active at: HANNECARD BENELUX, Flexilis, BeuginGaray Benelux, GK Holding, OLMECA, Uniflex
since 2022 · until 2027
Director · represented by Luc Burgelman
Also active at: TrustBuilder Corporation, Azumuta, MyGamePlan, Miles Ahead Studio, Miles Ahead Capital
since 2024 · until 2026
since 2023 · until 2027
Jan Peter Pison
Director
since 2022 · until 2027
BNP PARIBAS FORTIS PRIVATE EQUITY MANAGEMENT NV
Director · represented by Steven Van Droogenbroeck
Also active at: Finex, HET ANKER, A.M.B., Haco, PCSI, QUALITY ASSISTANCE, Stûv, GEMMA FRISIUS-FONDS KU LEUVEN +15 more
since 2022 · until 2027
Filip Fraeye
Chairman of the board
since 2023 · until 2027
Director · represented by Luc Godefroidt
since 2024 · until 2026
since 2024 · until 2026
Director · represented by Onderneming Lumabel BV, vast vertegenwoordigd door Peter De Marre & onderneming Vithe BV, vast vertegenwoordigd door Dirk Vidts
since 2026 · until 2027
Shareholders
Participations
Hannecard - Rus
100%
100%
HANNECARD ALSACE - AQUITAINE
100%
HANNECARD FRANCE
100%
HANNECARD GMBHh
100%
Hannecard Inc
100%
HANNECARD POLSKA
100%
Hannecard Immo Polska
100%
HANNECARD IMMO SAS
100%
Elastomer Processing Company SL
91.7%
Hannecard - Nord-West
75%
H&M Roller Technologies (Pty) Ltd
50.9%
Revamo BV
Establishments
Establishment units
Physical locations of this company
Ninoofsesteenweg 589
9600 Ronse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →HANNECARD BENELUX same network
€ 17.6 million revenue · 2025
Eenheid Hannecard
Flexilis same network
€ -2,541 gross margin · 2025
BeuginGaray Benelux same network
€ 669,043 gross margin · 2025
GK Holding same network
€ 168,813 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
hannecard.com
Registered
1998-06-23
Registrar
Hosting Concepts B.V. d/b/a Registrar.eu
Expires
2026-06-22
Website info
Features
Security
Details
- Company number
- 0892.311.512
- VAT number
- BE 0892.311.512
- Registered office
- Ninoofsesteenweg 589, 9600 Ronse
- Names & denominations
- HANNECARD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 2007
- Peppol
- Active · Active since 16 Sept 2025
- Contact
- hannecard.com
- Activities · NACE
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