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HORNBEAM HEDGE

Active
Public limited companyfounded 2013active for 13 yearsBoechoutlaan 221, 1853 Grimbergen, BelgiumKBO/BCE: BE 0534.785.546
Summary

HORNBEAM HEDGE has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€16,128. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 5% of 5,796 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
HORNBEAM HEDGEActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 29-05-2013 Normal situation
Registered office
16 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 2 November 2026.
Activity
Development of residential building projects NACE 68121and 1 other
Establishment unit
2.219.641.793 1853 Grimbergen, since 29-05-2013
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Board and ownership

Board
Auditor
Ernst et Young Reviseurs d'Entreprises
Shareholders
and 1 other shareholder
Board & ownership

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
€55,020
▲ 243%
Turnover
≈ €140,000
estimated
Loss
€16,128
▲ 158%
Equity
-€1.0m
▼ 1.6%
Total assets
€2.8m
▲ 5.5%
  • Negative equity on 31-12-2025
Financials
Score breakdownraises riskCapped at 59: negative equityLiquidity: current ratio 1.83, cash €1,465Negative equity -€1.0mlowers riskSize: total assets €2.8mFigures for financial year 2025 (filed on 19-06-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 21% of small companies in real estate (NACE 68)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -37.3% of total assets
Liquidity 22+15
short-term debt 54.6% · cash 0.1%
Profitability 36-1
return on assets -0.6%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,993 companies, NACE 68, small)
Last 24 months 12-2024: 0.6%lowest value 01-2025: 0.6%● unchanged vs 12-2024lowest value 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.8%▲ +0.2 percentage points vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▼ -0.1 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026highest value 07-2026: 0.7%▼ -0.2 percentage points vs 06-2026 08-2026: 0.7%● unchanged vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026
No credit on open account
Liquidity is ample, with a current ratio of 1.83 (1.26 in 2024), above the usual 1.5. Short-term debt is 54.6% and cash 0.1% of total assets. However, equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 1% of them on solvency, 17% on liquidity, 31% on profitability and 36% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.83, cash €1,465
NBB · annual accounts
raises risk · Negative equity -€1.0m
NBB · annual accounts
lowers risk · Size: total assets €2.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 19-06-2026)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.0m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
42 days early
2024
7 days early
2023
15 days early
2022
24 days early
2021
30 days late
2020
40 days early
2019
18 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 17 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · 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 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€1.0m View
  • Risk: 8 loss-making years in a rowloss in financial year 2025 -€16,128 View
  • Caution: Lower solvency than 95% of companies in real estatesector median 38.3% · 5,796 companies -37.3% View
  • Board changedlatest change 01-10-2026 · 3 in office 1 joined · 1 left View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

Recent changes

  1. · Gazette deed Appointment: Lisa VERHAEGHE (director)Resignation: Jan VAN LANCKER (managing director)
  2. · Gazette deed Permanent representative: Wim Van GasseAppointment: EY Bedrijfsrevisoren BV (statutory auditor)
  3. · Gazette deed Reappointments: Bart VERHAEGHE, Ann DE KELVER and Jan VAN LANCKERAppointment: EY BEDRIJFSREVISOREN BV (statutory auditor)
All 15 events

Companies linked to HORNBEAM HEDGE

Comparable companies

These companies have the same main activity as HORNBEAM HEDGE: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2.7m and €3.1m, founded between 2011 and 2014.

CompanyTotal assetsGross margin
HORNBEAM HEDGE Grimbergen€2.8m€0.06m
LES VILLAS DE BALMORAL Liège€3.0m€0.05m
Properties Plus Pittem€3.0m€0.06m
PROSPECT RE DEVELOPMENT Mons€2.7m€0.07m
CONSTRUCTIS Deinze€3.1m€0.08m
NOEMAT Lessines€3.0m€0.04m
WESTBOUW Middelkerke€2.9m€0.05m
Full comparison

Key facts about HORNBEAM HEDGE
What is the company number of HORNBEAM HEDGE?
The company number of HORNBEAM HEDGE is 0534.785.546. The VAT number is the same number with BE in front: BE 0534.785.546.
Where is HORNBEAM HEDGE based?
The registered office is at Boechoutlaan 221, 1853 Grimbergen.Company details
What does HORNBEAM HEDGE do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of HORNBEAM HEDGE?
The legal form of HORNBEAM HEDGE is Public limited company (NV).
When was HORNBEAM HEDGE founded?
HORNBEAM HEDGE was founded on 29-05-2013.
Is HORNBEAM HEDGE still active?
Yes, HORNBEAM HEDGE is an active enterprise in the KBO register.
What is the turnover of HORNBEAM HEDGE?
The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €55,020 and 47 comparable companies (NACE 681). It probably lies between €74,000 and €300,000.Financials
Is HORNBEAM HEDGE profitable?
In financial year 2025, HORNBEAM HEDGE made a loss of €16,128.
Where can I find the annual accounts of HORNBEAM HEDGE?
HORNBEAM HEDGE filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HORNBEAM HEDGE due?
HORNBEAM HEDGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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