ACTIVE

HORNBEAM HEDGE

Financial year 2025 · Closed on 31/12/2025

Net result-16,1 k €-157,9 %over 1 year

Gross margin55 k €+243,5 %over 1 year

Equity-1 M €-1,6 %over 1 year

Identity

Source · BCE/KBO

HORNBEAM HEDGE is a Public limited company incorporated in 2013. Its main activity is: Development of building projects. Its registered office is in Grimbergen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0534.785.546
Incorporation: 29/05/2013
Legal form: Public limited company
Registered office: Boechoutlaan 221
1853 Grimbergen · FlandreSee on map
Contributed capital: 7 194 958,60 €
Latest accounts: 31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

Good liquidity

Financials

Source · NBB, 13 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	55 k €	+243%	16 k €	+489%	-4,1 k €	+13.6%	-4,8 k €	-10.5%	-4,3 k €
EBITDA	-13,4 k €	-205%	-4,4 k €	+15.0%	-5,2 k €	+0.5%	-5,2 k €	-9.6%	-4,7 k €
Operating result	-13,4 k €	-205%	-4,4 k €	+15.0%	-5,2 k €	+0.5%	-5,2 k €	-9.6%	-4,7 k €
Net result	-16,1 k €	-158%	-6,3 k €	-12.0%	-5,6 k €	-2.8%	-5,4 k €	-11.4%	-4,9 k €
Balance sheet
Equity	-1 M €	-1.6%	-1 M €	-0.6%	-1 M €	-0.5%	-1 M €	-0.5%	-1 M €
Total assets	2,8 M €	+5.5%	2,7 M €	+5.4%	2,5 M €	+4.1%	2,4 M €	+2.7%	2,4 M €
Cash	1,5 k €	+138%	616,2 €	-55.3%	1,4 k €	-34.3%	2,1 k €	+28.1%	1,6 k €
Debts	3,9 M €	+4.6%	3,7 M €	+4.2%	3,5 M €	+2.9%	3,4 M €	+1.7%	3,4 M €

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann DE KELVER	Director04/06/2020 → 05/06/2031
Bart VERHAEGHE	Chairman of the board of directors16/05/2013 → 05/06/2031
Jan VAN LANCKER	Managing director16/05/2013 → 05/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kristof LEMAHIEU	Director16/05/2013 → 2019 accounts

Other companies at this address

Boechoutlaan 221 1853 Grimbergen

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ABDIJSCHOOL● Active	0466.438.158
BAY LEAF● Active	0704.940.174
Beaver Lakes● Active	0639.865.547
BEVER INVESTMENTS● Active	0860.778.592
BROEKLAND● Active	0464.421.251
FAGUS INVEST● Active	0845.099.632
Grizzly Sports● Active	0639.868.121
LakeSprings● Active	0639.859.213
NOCTUAM● Active	0449.769.501
OAK LANE● Active	0473.458.582
OX● Active	0473.388.011
QUERCUS FORTIS● Active	1038.729.250
Redwoods Capital● Active	0891.055.163
UPLACE● Active	0437.619.656
UPLACE MACHELEN● Active	0844.280.377

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/06/2026	24/07/2025	16/07/2024	07/07/2023	30/08/2022	21/06/2021
General meeting	19/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	19/06/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	02/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	21/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	11/06/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	12/06/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	13/06/2016	29/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	09/06/2014	18/06/2014	Dutch	PDF

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann DE KELVER	Director04/06/2020 → 05/06/2031
Bart VERHAEGHE	Chairman of the board of directors16/05/2013 → 05/06/2031
Jan VAN LANCKER	Managing director16/05/2013 → 05/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Kristof LEMAHIEU	Director16/05/2013 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/10/2026
Benoeming bestuurder - ontslag en benoeming gedelegeerd bestuurder
PDF
Mandates27/03/2026
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates05/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/09/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other02/07/2013
WIJZIGING BOEKJAAR
PDF
Restructuring07/06/2013
PARTIËLE SPLITSING VAN DE NAAMLOZE VENNOOTSCHAP UPLACE -
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

Bart VERHAEGHE

Ann DE KELVER

Jan VAN LANCKER

Kristof LEMAHIEU

2013201420152016201720182019202020212022202320242025202620272028202920302031

HORNBEAM HEDGE

Boechoutlaan 221, 1853 Strombeek-Bever

Chairman of the board of directors

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boechoutlaan 221, 1853 Strombeek-BeverCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00190171

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
HORNBEAM HEDGECurrent	accounts 2014 → 2025	Accounts 2025 · 2026-00190171

Events

2025
Annual accounts 2025-16,1 k €↓
2024
Annual accounts 2024-6,3 k €↓
2023
Annual accounts 2023-5,6 k €↓
2022
Annual accounts 2022-5,4 k €↓
2021
Annual accounts 2021-4,9 k €↓
2020
Annual accounts 2020-4,7 k €↑
2019
Annual accounts 2019-4,8 k €↓
2018
Annual accounts 2018-3,4 k €↓
2017
Annual accounts 2017-3,2 k €↑
2016
Annual accounts 2016-3,7 k €↑
2015
Annual accounts 2015-14,6 k €↑
2014
Annual accounts 2014-1,4 M €
29/05/2013
IncorporationPublic limited company

HORNBEAM HEDGE

Overview

Identity

Financials

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events