A process for the production of hydrocarbon products from a feed comprising at least one non-pre-treated bio-oil, comprising a first step for hydroreforming in the presence of hydrogen and a hydroreforming catalyst, used alone or as a mixture, to obtain at least one liquid effluent comprising at least one aqueous phase and at least one organic phase, a second step in which at least a portion of the organic phase of the effluent obtained from the first hydroreforming step is recycled to the first hydroreforming step with a recycle ratio equal to the ratio of the mass flow rate of said organic phase to the mass flow rate of the non-pre-treated bio-oil in the range 0.05 to 2 and in which the hydrocarbon effluent obtained from the hydrotreatment and/or hydrocracking step is not recycled to said first hydroreforming step.