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HP Belgium

Active
Private limited companyfounded 201511 yrs activeHermeslaan 1, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0597.618.285
Summary

HP Belgium has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28.0m and a net result of €5.6m. Equity is growing by ~50.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 1670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
HP BelgiumActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Computer consultancy and computer facilities management
NACE 62200Wholesale of information and communication equipment NACE 46500NACE 46510
#5 company by total assets in Machelen, Telecoms and IT sector1 site
Size
€399.6mturnover 2025
Staff
130.2 FTE
Equity
€28.0m
Profit
€5.6m
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
Alpha Holding One BV · 100%
Board
3 members
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts filed 23 d late
Why 94- Equity €28.0m (18.0% of total assets)+ Liquidity: current ratio 1.91, cash €92.6m+ Sector Computer programming, consultancy and related activities (NACE 62)+ Size: turnover €399.6m, 130.2 FTE, total assets €155.6mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 51% of its sector peers (NACE 62, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 43-4
equity 18.0% of total assets
Liquidity 74-4
short-term debt 51.1% · cash 59.5%
Profitability 59=
return on assets 3.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (209 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%▲ +5.1% vs 03-2025 05-2025: < 0.1%▲ +7.3% vs 04-2025 06-2025: 0.1%▲ +56.8% vs 05-2025 07-2025: < 0.1%▼ -39.1% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%▼ -2.4% vs 01-2026 03-2026: < 0.1%▲ +2.4% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%▲ +4.8% vs 04-2026 06-2026: 0.1%▲ +77.3% vs 05-2026 07-2026: 0.1%▼ -6.4% vs 06-2026 08-2026: 0.1%▲ +84.9% vs 07-2026 09-2026: 0.1%▲ +3.7% vs 08-2026highest value 10-2026: < 0.1%▼ -65.7% vs 09-2026
  • Liquidity: current ratio 1.91, cash €92.6m lowers the probability
  • Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
  • Size: turnover €399.6m, 130.2 FTE, total assets €155.6m lowers the probability for this profile
  • Equity €28.0m (18.0% of total assets) raises the probability
Credit up to €2,600,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 2.13 in 2024; short-term debt: 51.1% and cash: 59.5% of total assets), but 82% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, medium-sized). Better than this share of them on solvency 27%, liquidity 90%, profitability 47%, growth against the median 39%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 1.91, cash €92.6m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Size: turnover €399.6m, 130.2 FTE, total assets €155.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Equity €28.0m (18.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 23-06-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
23 d late
2024
4 d early
2023
24 d early
2022
30 d late
2021
1 d early
2020
10 d early
2019
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today. Usually files around 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-10-2026 close31-05-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Patrick Lesne (director)Appointment: Catherine Dumont (director) ·…
  3. Highest result since 2019net €5.6m ▲20.4%

Financials · fiscal year 2025, full schema

In the rankings #5 company by total assets in Machelen, Telecoms and IT sector#7 company by equity in Machelen, Telecoms and IT sector#8 employer in Machelen, Telecoms and IT sector
Turnover
€399.6m▲ 6.2%
2024 · €376.3m
EBIT margin
2.2%=
2024 · 2.2%
Net result
€5.6m▲ 20.4%
2024 · €4.6m
Working capital
€72.6m▼ 4.3%
2024 · €75.9m
Trend over the years

2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years

The operating result recovers in 2025; 2025 is 5% above 2024 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Turnover€399.6m 2025 Operating result€8.6m 2025 Net result€5.6m 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€381.0m-€370.9m▼ 2.6%€408.0m▲ 10.0%€396.2m▼ 2.9%€351.0m▼ 11.4%€376.3m▲ 7.2%€399.6m▲ 6.2%
Operating result€2.5m-€3.5m▲ 37.5%€5.9m▲ 71.0%€6.7m▲ 12.6%€8.4m▲ 25.7%€8.2m▼ 2.4%€8.6m▲ 4.7%
Net result€0.3m-€0.8mabove the sector's middle half▲ 204%€5.1mabove the sector's middle half▲ 519%€4.4mabove the sector's middle half▼ 14.0%€4.8mabove the sector's middle half▲ 8.5%€4.6mabove the sector's middle half▼ 2.6%€5.6mabove the sector's middle half▲ 20.4%
EBIT margin0.7%-0.9%▲ 0.3pp1.5%▲ 0.5pp1.7%▲ 0.2pp2.4%▲ 0.7pp2.2%▼ 0.2pp2.2%=
Equity€4.0m-€4.8mabove the sector's middle half▲ 20.7%€9.9mabove the sector's middle half▲ 106%€14.3mabove the sector's middle half▲ 44.3%€27.8mabove the sector's middle half▲ 94.0%€32.4mabove the sector's middle half▲ 16.7%€28.0mabove the sector's middle half▼ 13.6%
Total assets€109.0m-€105.0mabove the sector's middle half▼ 3.6%€127.7mabove the sector's middle half▲ 21.6%€140.6mabove the sector's middle half▲ 10.1%€112.8mabove the sector's middle half▼ 19.7%€147.3mabove the sector's middle half▲ 30.5%€155.6mabove the sector's middle half▲ 5.7%
Debt€97.3m-€92.3m▼ 5.1%€109.1m▲ 18.2%€117.5m▲ 7.6%€80.2m▼ 31.7%€109.7m▲ 36.7%€125.1m▲ 14.0%
Working capital€26.8m-€30.3mabove the sector's middle half▲ 13.1%€45.5mabove the sector's middle half▲ 50.3%€54.1mabove the sector's middle half▲ 18.9%€65.2mabove the sector's middle half▲ 20.5%€75.9mabove the sector's middle half▲ 16.4%€72.6mabove the sector's middle half▼ 4.3%
Solvency3.7%-4.6%below the sector's middle half▲ 0.9pp7.8%below the sector's middle half▲ 3.2pp10.2%below the sector's middle half▲ 2.4pp24.6%within the sector's middle half▲ 14.4pp22.0%within the sector's middle half▼ 2.6pp18.0%within the sector's middle half▼ 4.0pp
Current ratio1.37-1.46within the sector's middle half▲ 0.091.61within the sector's middle half▲ 0.151.68within the sector's middle half▲ 0.072.55within the sector's middle half▲ 0.872.13within the sector's middle half▼ 0.411.91within the sector's middle half▼ 0.22
Return on assets (ROA)0.2%-0.8%within the sector's middle half▲ 0.5pp4.0%within the sector's middle half▲ 3.2pp3.1%within the sector's middle half▼ 0.9pp4.2%within the sector's middle half▲ 1.1pp3.2%within the sector's middle half▼ 1.1pp3.6%within the sector's middle half▲ 0.4pp
Staff (FTE)130-120.2above the sector's middle half▼ 7.5%117.7above the sector's middle half▼ 2.1%125.5above the sector's middle half▲ 6.6%130.6above the sector's middle half▲ 4.1%128.9above the sector's middle half▼ 1.3%130.2above the sector's middle half▲ 1.0%
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
  • 2023 Equity +94% on 2022. Merger absorbing HEWLETT-PACKARD INDUSTRIAL PRINTING SOLUTIONS EUROPE, effective 25-05-2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155.6m
Fixed assets €3.5m ▼ 23.5%
Current assets €152.2m ▲ 6.6%
Equity and liabilities €155.6m
Equity €28.0m ▼ 13.6%
Provisions €2.5m ▼ 51.8%
Debt €125.1m ▲ 14.0%
Debt's share of the balance-sheet total rises from 74.5% to 80.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11.2m▲
2024 · €10.9m
Cash flow
€8.2m▲
2024 · €7.4m
Quick ratio
1.71▼
2024 · 1.91
Debt to equity
4.46▲
2024 · 3.38
ROE
20.0%▲
2024 · 14.3%
Interest coverage
144.95▲
2024 · 139.91
Debt ≤ 1 year
€79.6m▲
2024 · €66.9m
Debt > 1 year
€2.0m▲
2024 · €1.9m
Income taxes
€2.0m▲
2024 · €1.6m
Staff costs
€22.6m▼
2024 · €22.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 290 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0% went bankrupt
3.1% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 290 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 69 lines
Balance sheet Code20242025
Assets
Total assets20/58€147.3m€155.6m▲
Fixed assets21/28€4.5m€3.5m▼
Intangible fixed assets21€1.1m-
Tangible fixed assets22/27€3.4m€3.5m▲
Furniture and vehicles24€0.01m€0.04m▲
Leasing and similar rights25€3.3m€3.4m▲
Assets under construction and advance payments27€0.09m€0.01m▼
Current assets29/58€142.7m€152.2m▲
Stocks and contracts in progress3€14.7m€15.8m▲
Stocks30/36€14.7m€15.8m▲
Goods purchased for resale34€14.7m€15.8m▲
Amounts receivable within one year40/41€41.5m€43.0m▲
Trade receivables40€41.0m€41.5m▲
Other amounts receivable41€0.6m€1.5m▲
Cash at bank and in hand54/58€84.8m€92.6m▲
Deferred charges and accrued income490/1€1.7m€0.8m▼
Equity and liabilities
Total equity and liabilities10/49€147.3m€155.6m▲
Equity10/15€32.4m€28.0m▼
Contributions10/11€13.0m€13.0m=
Reserves13€0.1m€0.1m=
Distributable reserves133€0.1m€0.1m=
Profit (loss) carried forward14€19.3m€14.9m▼
Provisions and deferred taxes16€5.1m€2.5m▼
Provisions for liabilities and charges160/5€5.1m€2.5m▼
Other liabilities and charges164/5€5.1m€2.5m▼
Amounts payable17/49€109.7m€125.1m▲
Amounts payable after more than one year17€1.9m€2.0m▲
Financial debts170/4€1.9m€2.0m▲
Leasing and similar obligations172€1.9m€2.0m▲
Amounts payable within one year42/48€66.9m€79.6m▲
Current portion of amounts payable after more than one year42€1.4m€1.4m▼
Trade debts44€52.2m€64.0m▲
Suppliers440/4€52.2m€64.0m▲
Taxes, remuneration and social security45€13.3m€14.2m▲
Taxes450/3€8.0m€9.3m▲
Remuneration and social security454/9€5.3m€5.0m▼
Accrued charges and deferred income492/3€41.0m€43.6m▲
Income statement Code20242025
Operating income70/76A€384.6m€407.4m▲
Turnover70€376.3m€399.6m▲
Other operating income74€8.2m€7.9m▼
Operating charges60/66A€376.4m€398.8m▲
Goods for resale, raw materials and consumables60€339.5m€363.4m▲
Purchases600/8€345.5m€364.5m▲
Change in stocks: decrease (increase)609-€6.0m-€1.0m▲
Services and other goods61€11.1m€11.2m▲
Remuneration, social security and pensions62€22.7m€22.6m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.7m€2.6m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€368€0.003m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.6m-€1.8m▼
Non-recurring operating charges66A€0.9m€0.8m▼
Operating profit (loss)9901€8.2m€8.6m▲
Financial income75/76B€3.3m€3.1m▼
Recurring financial income75€3.3m€3.1m▼
Other financial income752/9€3.3m€3.1m▼
Financial charges65/66B€5.2m€4.1m▼
Recurring financial charges65€5.2m€4.1m▼
Debt charges650€0.08m€0.08m▼
Other financial charges652/9€5.1m€4.0m▼
Profit (loss) for the period before taxes9903€6.3m€7.6m▲
Income taxes67/77€1.6m€2.0m▲
Taxes670/3€1.8m€2.1m▲
Tax adjustments and reversals of tax provisions77€0.1m€0.06m▼
Profit (loss) for the period9904€4.6m€5.6m▲
Profit (loss) for the period to be appropriated9905€4.6m€5.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906€19.3m€24.9m▲
Profit (loss) brought forward from the previous period14P€14.7m€19.3m▲
Profit to be distributed694/7-€10.0m
Return on contributions (dividend)694-€10.0m
Social balance
Average headcount (FTE)9087128.9130.2▲

The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Operating income70/76A€385.6m€374.7m€413.3m€402.2m€361.8m€384.6m€407.4m▲ 5.9%
Turnover70€381.0m€370.9m€408.0m€396.2m€351.0m€376.3m€399.6m▲ 6.2%
Other operating income74€4.6m€3.8m€5.3m€6.0m€10.8m€8.2m€7.9m▼ 4.8%
Operating charges60/66A€383.1m€371.2m€407.4m€395.5m€353.4m€376.4m€398.8m▲ 6.0%
Goods for resale, raw materials and consumables60€350.0m€339.7m€371.9m€364.0m€320.1m€339.5m€363.4m▲ 7.0%
Purchases600/8€352.1m-€377.7m€370.9m€307.2m€345.5m€364.5m▲ 5.5%
Change in stocks: decrease (increase)609-€2.1m-€3.1m-€5.8m-€6.9m€13.0m-€6.0m-€1.0m▲ 82.7%
Services and other goods61€11.5m€11.0m€12.8m€10.7m€11.1m€11.1m€11.2m▲ 0.7%
Remuneration, social security and pensions62€19.8m€17.9m€19.5m€18.5m€23.7m€22.7m€22.6m▼ 0.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.1m€2.2m€2.2m€2.2m€2.4m€2.7m€2.6m▼ 3.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.02m€0.2m€0.1m€0.004m€0.001m€368€0.003m▲ 798%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€2.1m-€0.8m€0.4m€0.1m-€4.0m-€0.6m-€1.8m▼ 201%
Other operating charges640/8€0.002m€0.004m-€30----
Non-recurring operating charges66A€1.8m€0.9m€0.4m€0.003m€0.001m€0.9m€0.8m▼ 10.6%
Operating profit (loss)9901€2.5m€3.5m€5.9m€6.7m€8.4m€8.2m€8.6m▲ 4.7%
Financial income75/76B€0.4m-€0.4m€0.2m€1.9m€3.3m€3.1m▼ 5.9%
Recurring financial income75€0.4m€0.07m€0.4m€0.2m€1.9m€3.3m€3.1m▼ 5.9%
Other financial income752/9€0.4m€0.07m€0.4m€0.2m€1.9m€3.3m€3.1m▼ 5.9%
Financial charges65/66B€0.4m€0.6m€0.7m€0.8m€3.7m€5.2m€4.1m▼ 21.7%
Recurring financial charges65€0.4m€0.6m€0.7m€0.8m€3.7m€5.2m€4.1m▼ 21.7%
Debt charges650€0.01m€0.2m€0.06m€0.06m€0.07m€0.08m€0.08m▼ 1.0%
Other financial charges652/9€0.4m€0.3m€0.6m€0.8m€3.6m€5.1m€4.0m▼ 22.1%
Profit (loss) for the period before taxes9903€2.5m€3.0m€5.6m€6.1m€6.6m€6.3m€7.6m▲ 21.1%
Income taxes67/77€2.2m€2.1m€0.5m€1.7m€1.8m€1.6m€2.0m▲ 22.8%
Taxes670/3€2.2m€2.2m€1.5m€1.7m€1.8m€1.8m€2.1m▲ 16.2%
Tax adjustments and reversals of tax provisions77-€0.04m€1.0m--€0.1m€0.06m▼ 58.9%
Profit (loss) for the period9904€0.3m€0.8m€5.1m€4.4m€4.8m€4.6m€5.6m▲ 20.4%
Profit (loss) for the period to be appropriated9905€0.3m€0.8m€5.1m€4.4m€4.8m€4.6m€5.6m▲ 20.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€109.0m€105.0m€127.7m€140.6m€112.8m€147.3m€155.6m▲ 5.7%
Fixed assets21/28€10.1m€8.8m€7.2m€6.4m€5.5m€4.5m€3.5m▼ 23.5%
Intangible fixed assets21€8.6m€7.1m€5.6m€4.1m€2.6m€1.1m--
Tangible fixed assets22/27€1.4m€1.6m€1.6m€2.3m€2.9m€3.4m€3.5m▲ 1.9%
Plant, machinery and equipment23€0.003m-------
Furniture and vehicles24€1.2m€1.6m€0.02m€0.02m€0.02m€0.01m€0.04m▲ 296%
Leasing and similar rights25€0.2m€0.07m€1.5m€2.2m€2.9m€3.3m€3.4m▲ 3.3%
Assets under construction and advance payments27€0.04m-€0.09m€0.02m€0.009m€0.09m€0.01m▼ 84.3%
Current assets29/58€98.9m€96.3m€120.5m€134.2m€107.3m€142.7m€152.2m▲ 6.6%
Stocks and contracts in progress3€5.8m€9.0m€14.7m€21.7m€8.7m€14.7m€15.8m▲ 7.1%
Stocks30/36€5.8m€9.0m€14.7m€21.7m€8.7m€14.7m€15.8m▲ 7.1%
Goods purchased for resale34€5.8m€9.0m€14.7m€21.7m€8.7m€14.7m€15.8m▲ 7.1%
Amounts receivable within one year40/41€63.5m€59.6m€65.6m€44.9m€39.1m€41.5m€43.0m▲ 3.5%
Trade receivables40€63.3m€59.5m€65.2m€44.8m€39.1m€41.0m€41.5m▲ 1.3%
Other amounts receivable41€0.2m€0.1m€0.5m€0.1m-€0.6m€1.5m▲ 167%
Cash at bank and in hand54/58€28.6m€26.7m€39.8m€67.1m€57.3m€84.8m€92.6m▲ 9.2%
Deferred charges and accrued income490/1€1.0m€0.9m€0.4m€0.5m€2.2m€1.7m€0.8m▼ 51.5%
Equity and liabilities
Total equity and liabilities10/49€109.0m€105.0m€127.7m€140.6m€112.8m€147.3m€155.6m▲ 5.7%
Equity10/15€4.0m€4.8m€9.9m€14.3m€27.8m€32.4m€28.0m▼ 13.6%
Contributions10/11€2.0m€2.0m€2.0m€2.0m€13.0m€13.0m€13.0m=
Capital10€2.0m-------
Issued capital100€2.0m-------
Reserves13€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Non-distributable reserves130/1-€0.1m------
Legal reserve130€0.1m-------
Reserves not available under the articles1311-€0.1m------
Distributable reserves133--€0.1m€0.1m€0.1m€0.1m€0.1m=
Profit (loss) carried forward14€1.8m€2.7m€7.8m€12.2m€14.7m€19.3m€14.9m▼ 22.8%
Provisions and deferred taxes16€7.7m€7.9m€8.7m€8.8m€4.8m€5.1m€2.5m▼ 51.8%
Provisions for liabilities and charges160/5€7.7m€7.9m€8.7m€8.8m€4.8m€5.1m€2.5m▼ 51.8%
Other liabilities and charges164/5€7.7m€7.9m€8.7m€8.8m€4.8m€5.1m€2.5m▼ 51.8%
Amounts payable17/49€97.3m€92.3m€109.1m€117.5m€80.2m€109.7m€125.1m▲ 14.0%
Amounts payable after more than one year17€0.8m€1.0m€0.9m€1.4m€1.8m€1.9m€2.0m▲ 4.9%
Financial debts170/4€0.8m€1.0m€0.9m€1.4m€1.8m€1.9m€2.0m▲ 4.9%
Leasing and similar obligations172€0.8m€1.0m€0.9m€1.4m€1.8m€1.9m€2.0m▲ 4.9%
Amounts payable within one year42/48€72.2m€66.0m€75.0m€80.1m€42.2m€66.9m€79.6m▲ 19.0%
Current portion of amounts payable after more than one year42€0.4m€0.6m€0.6m€0.9m€1.1m€1.4m€1.4m▼ 2.9%
Financial debts43€0.08m-€0.2m-€0.4m---
Credit institutions430/8€0.08m-€0.2m-€0.4m---
Trade debts44€57.4m€51.9m€59.9m€65.6m€29.4m€52.2m€64.0m▲ 22.7%
Suppliers440/4€57.4m€51.9m€59.9m€65.6m€29.4m€52.2m€64.0m▲ 22.7%
Taxes, remuneration and social security45€14.2m€13.5m€14.3m€13.6m€11.2m€13.3m€14.2m▲ 7.0%
Taxes450/3€9.3m€8.3m€7.7m€9.2m€6.2m€8.0m€9.3m▲ 15.2%
Remuneration and social security454/9€4.9m€5.2m€6.5m€4.4m€5.0m€5.3m€5.0m▼ 5.6%
Accrued charges and deferred income492/3€24.3m€25.3m€33.2m€36.0m€36.3m€41.0m€43.6m▲ 6.4%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.8m€5.1m€4.4m€4.8m€4.6m€5.6m▲ 20.4%
+ Depreciation and write-downs630€2.1m€2.2m€2.2m€2.2m€2.4m€2.7m€2.6m▼ 3.9%
Operating cash flow (approximation)€2.4m€3.1m€7.3m€6.6m€7.2m€7.4m€8.2m▲ 11.4%
Investment in fixed assets (approximation)--€0.9m-€0.7m-€1.4m-€1.5m-€1.7m-€1.5m▲ 10.5%
Change in cash--€1.9m€13.1m€27.3m-€9.7m€27.5m€7.8m▼ 71.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Directors

Directors
3 directors, no change since 2026

Board 3

Kelly Peeters
Director · since 01-01-2023
Current
Patrick Guy L Lesne
Director · since 04-07-2023
Current
Catherine Dumont
Director · since 03-02-2026
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Koen Van Beneden
Director · since 31-01-2020
Not recently confirmed

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises
Statutory auditor · since 31-05-2018 · perm. rep.: Daniel Wuyts
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Mandate history

11 people since 2015, 5 in office
Show
  • Board
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Kelly Peeters
  • Director, from 01-01-2023 to date
Patrick Guy L Lesne
  • Director, from 04-07-2023 to date
Catherine Dumont
  • Director, from 03-02-2026 to date
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 31-05-2018 to date
Koen Van Beneden
  • Director, from 31-01-2020 not ended, last confirmed 06-02-2020
Patrick Lesne
  • Director, until 03-02-2026
Geneviève François
  • Manager, from 17-06-2015 to 01-01-2023
Dirk Slachmuylder
  • Manager, from 17-06-2015 to 31-01-2020
Emst & Young Bedrijfsrevisoren
  • Statutory auditor, from 03-02-2015 to 31-05-2018
Bas VAN DER GOORBERGH
  • Manager, from 29-01-2015 to 06-07-2015
Sergio Erik LETELIER
  • Manager, from 29-01-2015 to 06-07-2015
See the board, name and seat on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. HP INC.US ultimately, LEI
  2. Alpha Holding One BVNL 100%
  3. HP Belgium

Highest known parent: HP INC. (United States). The sources do not say who stands above it.

Owners 1

According to the annual accounts to 31-10-2025 of HP Belgium and those of the other companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Capital and shareholders

Capital over the years
  1. 16-06-2023 Capital stated in the act · 3,243,824 shares
  2. 08-07-2016 Capital increase of €2,000,000 · to €2,018,550 · 2,000,000 new shares
  3. 13-02-2015 Incorporation · €18,550 · 18,550 shares

Group and network

Connections & network

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Acquisitions and mergers

1 transaction
BE 0472.131.959merger by absorption · State Gazette act of 16-06-2023 (2 acts) · effective 25-05-2023

History

HP Belgium was incorporated on 29 January 2015, with a starting capital of €18,550.12 In 2016 the capital was increased by €2.0m to €2.0m.3 The registered office was moved to Diegem in 2017.4 In 2023 the company absorbed HEWLETT-PACKARD INDUSTRIAL PRINTING SOLUTIONS EUROPE by merger.5 The board currently has 3 members; Kelly Peeters has served longest, since 2023.6 Revenue grew from €351.0m in 2023 to €399.6m in 2025 and headcount from 131 to 130 full-time equivalents.7

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 13-02-2015
  3. 3Belgian State Gazette, 08-07-2016
  4. 4Belgian State Gazette, 31-03-2017
  5. 5Belgian State Gazette, 16-06-2023
  6. 6Belgian State Gazette, 13-02-2023
  7. 7National Bank, annual accounts 2023 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-05-2027
2026
23-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 23 days late
19-02
State Gazette act Resignation: Patrick Lesne (director)
Appointment: Catherine Dumont (director) · Director discharge · Power of attorney10 facts ▸
  • General meeting, 03-02-2026
  • Director resignation, Patrick Lesne (director)
  • Director discharge, Patrick Lesne
  • Director appointment, Catherine Dumont (director)
  • Board composition, Kelly Peeters (director)
  • Board composition, Koen Van Beneden (director)
  • Board composition, Catherine Dumont (director)
  • Power of attorney, Annick Garcet
  • Power of attorney, Chloë Everaert
  • Power of attorney, Amber Claes
2025
31-10
Financial Highest result since 2019net €5.6m ▲20.4%
Operating result €8.6m, net result €5.6m, both a record.
10-07
State Gazette act Capital & shares
27-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative: Daniel Wuyts3 facts ▸
  • General meeting, 28-06-2024
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Daniel Wuyts
07-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-10
Financial Equity above €25mEq €27.8m ▲94%
5 profitable years in a row build equity to €27.8m.
24-08
State Gazette act Appointment: Patrick Guy L Lesne (director)
Mandate compensation6 facts ▸
  • General meeting, 04-07-2023
  • Director appointment, Patrick Guy L Lesne (director)
  • Mandate compensation, Patrick Guy L Lesne
  • Board composition, Kelly Peeters (director)
  • Board composition, Koen Van Beneden (director)
  • Board composition, Patrick Guy L Lesne (director)
30-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 30 days late
16-06
State Gazette act Restructuring
Merger · Dissolution · Share issue9 facts ▸
  • General meeting, 25-05-2023
  • Merger, absorption, 25-05-2023
  • Dissolution, 25-05-2023
  • Share issue, new shares, 1225274
  • Capital
  • Accounting effect, 01-11-2022
  • Exchange ratio, 1:111.39, down to whole shares
  • Contribution value, 8700042.62, 11000000
  • Auditor report, 24-05-2023
20-04
State Gazette act Restructuring
Merger · Net-asset statement · Share issue14 facts ▸
  • Merger, fusion by absorption
  • Net-asset statement, 31-10-2022
  • Net-asset statement, 31-10-2022
  • Share issue, aandelen op naam, 1102747
  • Share issue, aandelen op naam, 122527
  • Accounting effect, 01-11-2022
  • Exchange ratio, 1:111.39
  • Number of shares, 11000
  • Number of shares, 2018550
  • Nbw per share, 31-10-2022
  • Nbw per share, 31-10-2022
  • Profit participation, date of issue, 31-10-2023
  • +2 further facts in this act
Show earlier events
03-04
State Gazette act Permanent representatives: Daniel Wuyts and Sara Van Heghe
3 facts ▸
  • Board meeting, 21-03-2023
  • Permanent representative, Daniel Wuyts
  • Permanent representative, Sara Van Heghe
13-02
State Gazette act Resignation: Geneviève François (director)
Appointment: Kelly Peeters (director) · Director discharge · Mandate compensation9 facts ▸
  • General meeting, 26-01-2023
  • Director resignation, Geneviève François (director)
  • Director discharge, Geneviève François
  • Director appointment, Kelly Peeters (director)
  • Mandate compensation, Kelly Peeters
  • Board composition, Kelly Peeters (director)
  • Board composition, Koen Van Beneden (director)
  • Board meeting, 26-01-2023
  • Board resolution, goedkeuring Ondertekeningsbeleid met ingang van 2023-01-01
2022
31-10
Financial Equity above €10mEq €14.3m ▲44.3%
4 profitable years in a row build equity to €14.3m.
30-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
22-04
State Gazette act Resignations & appointments
Board meeting1 fact ▸
  • Board meeting, 31-03-2022
2021
27-12
State Gazette act Purpose
Purpose change1 fact ▸
  • Purpose change, De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland: 1. het handelen in, het verde…
31-10
Financial Equity above €5mEq €9.9m ▲106%
3 profitable years in a row build equity to €9.9m.
21-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
17-05
State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative: Sara Van Heghe · Power of attorney28 facts ▸
  • Board meeting, 26-03-2021
  • General meeting, 22-04-2021
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren
  • Permanent representative, Sara Van Heghe
  • Power of attorney, Koen Van Beneden (managing director bestuurder)
  • Power of attorney, Geneviève François (country finance bestuurder)
  • Power of attorney, Wim Vandebergen (country commercial channel sales manager)
  • Power of attorney, Steven Van Pee (benelux retail manager)
  • Power of attorney, Thierry Delcor (country personal systems end user sales manager)
  • Power of attorney, Stien Maes (country print end user sales manager)
  • Power of attorney, Tim Van Isterdael (country category manager personal systems)
  • Power of attorney, Hans Van Barel (country category manager printing)
  • +16 further facts in this act
2020
30-12
State Gazette act Statutes amendment · Legal-form change · Resignations & appointments
Reserve release · Capital movement5 facts ▸
  • Statutes amendment
  • Statutes amendment
  • Reserve release, Omzetting van de statutair onbeschikbare eigen vermogensrekening in een beschikbare eigen vermogensrekening
  • Statutes amendment
  • Capital movement, Met ingang van 1 januari 2020 het volgestort gedeelte van het kapitaal en de wettelijke reserve van rechtswege en zonder vervulling van enige formaliteit omgevo…
20-10
State Gazette act Permanent representative: Sara Van Heghe
1 fact ▸
  • Permanent representative, Sara Van Heghe
08-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
25-02
State Gazette act Legal-form change · Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 03-02-2020
  • Power of attorney, Dirk Slachmuylder
  • Power of attorney, K law CVBA
06-02
State Gazette act Resignation: Dirk Slachmuylder (director)
Appointment: Koen Van Beneden (director) · Mandate compensation6 facts ▸
  • General meeting, 14-01-2020
  • Director resignation, Dirk Slachmuylder (director)
  • Director appointment, Koen Van Beneden (director)
  • Mandate compensation, Koen Van Beneden
  • Board composition, Geneviève François (director)
  • Board composition, Koen Van Beneden (director)
2019
26-04
NBB filing Annual accounts filed
fiscal year 2018 · full schema
12-04
State Gazette act Resignations & appointments
Power of attorney10 facts ▸
  • Board meeting, 28-03-2019
  • Power of attorney, Ivo Fremau
  • Power of attorney, Koen Van Beneden
  • Power of attorney, Wim Vandebergen
  • Power of attorney, Steven Van Pee
  • Power of attorney, Tim Van Isterdael
  • Power of attorney, Martine Van Camp
  • Power of attorney, Cindy Stalmans
  • Power of attorney, Ruth Stassen
  • Power of attorney, Alexander Hoffman
18-03
State Gazette act Algemene Vergadering
Statutes amendment · Power of attorney3 facts ▸
  • General meeting, 13-03-2019
  • Statutes amendment
  • Power of attorney, Go-Start Ondernemingsloket
2018
31-05
State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
Permanent representative: Vincent Etienne · Power of attorney12 facts ▸
  • Board meeting, 04/04/2018
  • Power of attorney, Ivo Fremau
  • Power of attorney, Koen Van Beneden
  • Power of attorney, Wim Vandebergen
  • Power of attorney, Tim Van Isterdael
  • Power of attorney, Martine Van Camp
  • Power of attorney, Cindy Stalmans
  • Power of attorney, Ruth Stassen
  • Power of attorney, Tessa Van Hilten
  • General meeting, 26/04/2018
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Vincent Etienne
03-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
NBB filing Annual accounts filed
fiscal year 2016 · full schema
31-03
State Gazette act Registered office · Other addresses · Resignations & appointments
Registered-office move · Statutes amendment3 facts ▸
  • Board meeting, 02-03-2017
  • Registered-office move, Hermeslaan 1, Building B, 1831 Diegem
  • Statutes amendment
2016
20-07
State Gazette act Purpose · Statutes amendment
Purpose change · Power of attorney3 facts ▸
  • General meeting, 30/06/2016
  • Purpose change, De vennootschap heeft tot doel, zowel voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland: (i) het handelen in, het verdelen…
  • Power of attorney, HP Belgium
08-07
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Capital8 facts ▸
  • General meeting, 15-06-2016
  • Capital increase, €2.000.000
  • Share issue, 2000000, 18551-2018550
  • Capital, €2.018.550
  • Statutes amendment
  • Board composition, Samenstelling bestuurscollege
  • Power of attorney, Cindy Stalmans
  • Preemption waiver, Alle vennoten individueel verzaken aan het voorkeurrecht tot inschrijving op de nieuwe aandelen
2015
24-07
State Gazette act Resignations & appointments
Power of attorney42 facts ▸
  • Board meeting, 08/07/2015
  • Power of attorney, Dirk Slachmuylder
  • Power of attorney, Geneviève François
  • Power of attorney, Vincent Claus
  • Power of attorney, Koen Van Beneden
  • Power of attorney, Sven Vergote
  • Power of attorney, Wim Vandebergen
  • Power of attorney, Tim Van Isterdael
  • Power of attorney, Martine Van Camp
  • Power of attorney, Cindy Stalmans
  • Power of attorney, Zoi Tsakitsidis
  • Power of attorney, Vincent Claus
  • +30 further facts in this act
03-07
State Gazette act Resignations: Sergio Letelier (manager) and Bas van der Goorbergh (manager)
Appointments: Dirk Slachmuylder (manager) and Geneviève François (manager) · Mandate compensation · Mandate term10 facts ▸
  • General meeting, 17-06-2015
  • Director resignation, Sergio Letelier (manager)
  • Director resignation, Bas van der Goorbergh (manager)
  • Director appointment, Dirk Slachmuylder (manager)
  • Mandate compensation, Dirk Slachmuylder
  • Mandate term, onbepaalde duur
  • Director appointment, Geneviève François (manager)
  • Mandate compensation, Geneviève François
  • Mandate term, onbepaalde duur
  • Power of attorney, Carine Briot
13-02
State Gazette act Incorporation
Appointments: Sergio Erik LETELIER, Bas VAN DER GOORBERGH and Emst & Young Bedrijfsrevisoren · Founding capital · Share issue9 facts ▸
  • Incorporation, 29-01-2015
  • Founding capital, €18.550
  • Share issue, 185
  • Share issue, 18365
  • Director appointment, Sergio Erik LETELIER (manager)
  • Director appointment, Bas VAN DER GOORBERGH (manager)
  • Mandate compensation, Sergio Erik LETELIER
  • Mandate compensation, Bas VAN DER GOORBERGH
  • Auditor appointment, Emst & Young Bedrijfsrevisoren (statutory auditor)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
24 of 24 acts read

Register details

Identification
Legal formPrivate limited company
Founded29-01-2015
Fiscal year end31-10
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0597618285
Registered 26-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 6 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Recognitions · licences · registrations

Legal Entity Identifier

254900CMAYQOP6UIRA18
live in the LEI register

Sites & property

Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
1.4 ha
Building footprint
6,011 m²
Volume, LiDAR
66,740 m³
Parcel 23015B0102/00F000, Flanders · tallest building 28.4 m, ±5 floors. Linked by address, not a title deed.
14 companies at this address See who is registered here
1 establishment unit
HP Belgium
Hermeslaan 1-buildingB, 1831 Machelen (Brab.)Wholesale trade
since 2015unit no. 2.239.869.362
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23015B0102/00F000 Flanders 1.4 ha 1 · 6,011 m² 28.4 m · 5 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Articles of association

PurposeThe activities the company may carry out under its articles.
De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland: (i) het handelen in, het verdelen, het verkopen…
Full purpose

De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland: (i) het handelen in, het verdelen, het verkopen, het huren en verhuren en het leveren van computing en printing hardware producten en benodigdheden, software, systeemoplossingen, installaties, apparaten en dragers (hierna "producten"), alsmede van soortgelijke, gelijkaardige en aanverwante producten en accessoires, zowel bestaande als toekomstige, in de sector van informatie- en communicatietechnologie en, bestemd voor privé- of professioneel gebruik; (ii) handelen, verdelen en verkopen van: -2D geprint materiaal, met inbegrip van maar niet beperkt tot: prints van papier, textiel, artefacten, direct to object printing en verpakkingsdrukwerk; -3D geprint materiaal, met inbegrip van maar niet beperkt tot: prints van plastic objecten, componenten en apparaten, alsook prints van metalen objecten, componenten en apparaten. (iii) het verlenen van ondersteuning en diensten met betrekking tot de onder (i) en (ii) voornoemde producten, inclusief promotiediensten, consultancy diensten,. studiediensten, het uitvoeren en leiden van uitbestedingsdiensten met betrekking tot de producten, internet- en webdiensten, alsmede alle mogelijke activiteiten en werkzaamheden in het kader van dergelijke diensten, inclusief het aanbrengen van specialisten; (iv) het inrichten, organiseren, geven en begeleiden van technische en commerciële opleidingen en cursussen en het verlenen van certificaten voor voltooiing van dergelijke opleidingen en cursussen, alsmede het organiseren van conferenties en seminaries in het kader van voornoemde activiteiten. De vennootschap zal de leiding en de controle kunnen uitoefenen over, en advies verschaffen aan aanverwante vennootschappen en dochtervennootschappen. De vennootschap mag met betrekking tot voornoemde activiteiten samenwerken met, deelnemen in, of bij wijze van inbreng in speciën of in natura, fusie, onderschrijving, deeineming, financiële tussenkomst of anderszins, rechtstreeks of onrechtstreeks belangen nemen in andere bestaande of op te richten ondernemingen of vennootschappen, in België of in het buitenland, met eenzelfde, gelijkaardig of aanverwant voorwerp als het hare, of van aard haar voorwerp te bevorderen. De vennootschap mag alle handels-, industriële en financiële activiteiten en alle onroerend en roerend goed verrichtingen uitvoeren die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of activiteiten die zullen bijdragen tot haar ontwikkeling. De vennootschap mag ook alle leningen toestaan of leningen door derden aan aanverwante vennootschappen en dochtervennootschappen toegestaan, waarborgen.

deed of 20-04-2023
Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
deed of 19-02-2026

Read from the deeds: 2 provisions, deed of 19-02-2026

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