HF4
Annual accounts 2025
micro format, filed on 31-03-2026, 30 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €160,000 and €400,000.
Balance sheet
balance sheet total €981,298 on 30-09-2025in euro
in euro
Position in the sector
50.0%
Higher than 66% of 17,190 companies in 2025.
1.53
Higher than 60% of 16,487 companies in 2025.
0.2%
Higher than 39% of 16,866 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
981,298 | 812,295 | |
21/28 |
817,441 | 683,876 | |
22/27 |
817,027 | 683,462 | |
22 |
740,947 | 651,547 | |
23 |
15,904 | 28,988 | |
24 |
60,176 | 2,928 | |
28 |
414 | 414 | |
29/58 |
163,857 | 128,419 | |
40/41 |
23,800 | 14,718 | |
40 |
23,800 | 14,718 | |
54/58 |
138,014 | 113,701 | |
490/1 |
2,043 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
981,298 | 812,295 | |
10/15 |
490,686 | 542,779 | |
10/11 |
116,242 | 116,242 | |
13 |
199,756 | 256,762 | |
130/1 |
5,118 | 5,118 | |
1311 |
5,118 | 5,118 | |
132 |
43,162 | 46,220 | |
133 |
151,477 | 205,424 | |
14 |
174,688 | 169,775 | |
16 |
17,801 | 15,408 | |
160/5 |
3,900 | - | |
162 |
3,900 | - | |
168 |
13,901 | 15,408 | |
17/49 |
472,811 | 254,108 | |
17 |
365,653 | 120,000 | |
170/4 |
365,653 | 120,000 | |
42/48 |
107,158 | 133,785 | |
42 |
12,342 | - | |
44 |
5,953 | 844 | |
440/4 |
5,953 | 844 | |
45 |
20,968 | 34,369 | |
450/3 |
20,968 | 32,469 | |
454/9 |
- | 1,900 | |
47/48 |
67,894 | 98,572 | |
492/3 |
- | 323 | |
| Income statement | |||
9900 |
121,238 | 142,928 | |
630 |
62,444 | 62,992 | |
635/8 |
18,300 | - | |
640/8 |
17,503 | 3,543 | |
9901 |
22,992 | 76,393 | |
75/76B |
0 | - | |
75 |
0 | - | |
65/66B |
22,050 | 16,816 | |
65 |
22,050 | 16,816 | |
9903 |
942 | 59,577 | |
780 |
1,506 | 1,506 | |
67/77 |
594 | 20,798 | |
9904 |
1,854 | 40,286 | |
789 |
3,059 | 3,059 | |
9905 |
4,913 | 43,344 | |
| Appropriation of the result | |||
9906 |
174,688 | 213,119 | |
14P |
169,775 | 169,775 | |
791/2 |
53,948 | 94,501 | |
691/2 |
- | 43,344 | |
6921 |
- | 43,344 | |
694/7 |
53,948 | 94,501 | |
694 |
53,948 | 94,501 | |
| Document | |||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 85,435 | 139,385 | ||
| 64,298 | 103,277 | ||
| 210,408 | 1.2m | ||
| 24,313 | - | ||
| 56,699 | -5,366 | ||
| 50.0% | 66.8% | ||
| 1.53 | 0.96 | ||
| 0.96 | 0.47 | ||
| 0.4% | 7.4% | ||
| 0.2% | 5.0% | ||
| 3.87 | 8.29 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 |
|---|---|---|
| Tangible fixed assets | €210,408 | €1.2m |
| Financial fixed assets | - | €414 |
| €62,444 | €62,992 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on HF4
The operating result for 2025 is 70% lower than in 2024.
Debt's share of the balance-sheet total rises from 31.3% to 48.2%. Equity is lower and debt is higher.