HARTWOOD

Active Risk: not assessed

Public limited companyfounded 2010active for 16 yearsLouizalaan 367, 1050 Elsene, Belgium491 active companies are registered at this addressKBO/BCE: BE 0830.011.281

From the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

HARTWOOD is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €100.4m and a net result of €4.6m, of which €3.9m non-recurring income. Equity has been growing by about 67% per year since 2018. Its solvency ranks better than 93% of 3,028 sector peers (NACE 64, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.

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HARTWOODActive

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Official details

KBO

Status: Active since 06-10-2010 Normal situation
Legal form: Public limited company
Registered office: Louizalaan 367, 1050 Elsene
Activity: Activities of holding companies NACE 64210and 1 other
Establishment unit: 2.192.305.908 1050 Elsene, since 04-10-2010
Financial year end: 31 December
Peppol: Reachable since 13-10-2025

Company details

Board and ownership

Board

JOYAUD FrancisDirector · since 18-04-2024

Auditor: Thierry Schoofs

Holdings: Shares in 13 companies including AFD España and SCI FIANCORUS

Board & ownership

Financial position

Financial institution: outside the modelBankruptcy probability: sector outside the model

Annual accounts 2025

Profit: €4.6m; ▲ 797%
Equity: €100.4m; ▲ 4.8%
Total assets: €101.4m; ▲ 2.9%
Staff: 25.2 FTE; ▼ 13.4%

2025 accounts filed 83 days after the deadline

Filed on 22-10-2026at the National Bank

Financials

Signalsraises risk2025 accounts filed 83 days lateShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

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Signals

1 signal.

raises risk

2025 accounts filed 83 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-10-2026, 83 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

83 days late

2024

411 days late

2023

776 days late

2022

1142 days late

2021

68 days late

2020

9 days early

2019

30 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 349 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 September (4 of the last 5 filed years within 366 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Key points

Result rose in 2025mostly from a one-off income of €3.9m ▲ 797% View
Positive: Higher solvency than 92% of companies in financial servicessector median 61.1% · 3,028 companies 99.0% View
Positive: 8 profitable years in a rowprofit 2025: €4.6m, mostly one-off 8 years View
Heads a groupcompanies controlled 11 View

Documents

Key facts about HARTWOOD

What is the company number of HARTWOOD?: The company number of HARTWOOD is 0830.011.281. The VAT number is the same number with BE in front: BE 0830.011.281.
Where is HARTWOOD based?: The registered office is at Louizalaan 367, 1050 Elsene.Company details
What does HARTWOOD do?: According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of HARTWOOD?: The legal form of HARTWOOD is Public limited company (NV).
When was HARTWOOD founded?: HARTWOOD was founded on 06-10-2010.
Is HARTWOOD still active?: Yes, HARTWOOD is an active enterprise in the KBO register.
How many employees does HARTWOOD have?: HARTWOOD had an average of 25.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HARTWOOD?: The turnover of HARTWOOD was €3.5m in financial year 2025, according to the filed annual accounts.
Is HARTWOOD profitable?: In financial year 2025, HARTWOOD made a profit of €4.6m.
Where can I find the annual accounts of HARTWOOD?: HARTWOOD filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of HARTWOOD due?: HARTWOOD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as HARTWOOD: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €54m and €134m, founded between 2006 and 2016.

Company	Total assets	Turnover
HARTWOOD Elsene	€101.4m	€3.5m
TREVI FINANCE Gent	€61.3m	€3.8m
NEXANS SERVICES Ukkel	€54.2m	€3.3m
SAAEM Belgium Ukkel	€133.6m	€4.3m
GOLAZO Beringen	€92.0m	€3.7m
MURPRO GROUP Braine-le-Château	€93.1m	€2.2m
INEX-GROUP Sint-Lievens-Houtem	€84.4m	€3.2m