CONSTRUCT HOET
ActiveSummary
CONSTRUCT HOET has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of €677,822. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 91% of 1,240 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-10-1990 Normal situation
- Activity
- Machining of metals NACE 25530and 1 other
- Joint committee
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
- Establishment unit
- 2.049.999.087 8680 Koekelare, since 11-02-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 30-10-2025
Board and ownership
Board
- Hoet InvestmentDirector · since 16-11-2006 · permanent representative Hoet Philiep
- Hoet BVDirector · since 01-06-2019
- Hoet BeheerDirector · permanent representative Pieter-Jan Hoet
Shareholders
- HOET INVESTMENT99.92%30-06-2025 annual accounts of HOET INVESTMENT
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €1.5m
- ▼ 15.8%
- Turnover
- ≈ €2.5m
- estimated
- Profit
- €677,822
- ▼ 33.5%
- Equity
- €3.7m
- ▲ 15.2%
- Total assets
- €4.2m
- ▼ 14.6%
- Employees on 31-12-2025
- 3
- ▼ 50.0%
Score breakdownlowers riskLiquidity: current ratio 4.01, cash €819,871Size: 3.7 FTE, total assets €4.2mFounded in 1990Equity €3.7m (87.6% of total assets)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 77% of micro companies in fabricated metal products (NACE 25)
Financial strength · tick: 2024
Strong
Solvency
100+10
equity 87.6% of total assets
Liquidity
73+12
short-term debt 12.2% · cash 19.6%
Profitability
89=
return on assets 16.2%
Bankruptcy probability within 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).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €350,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.01 (1.66 in 2024), above the usual 1.5. Short-term debt is 12.2% and cash 19.6% of total assets. 12.4% of the assets are financed with debt and provisions.
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 25, micro). It does better than 90% of them on solvency, 73% on liquidity, 79% on profitability and 66% on growth.
The bankruptcy probability was computed on 03-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
41 days early
2023
51 days early
2022
32 days early
2021
5 days early
2020
33 days early
2019
64 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 37 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% 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 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 35 filings
Turnover
≈ €2.5m
Estimated: probably between €1.7m and €4.2m
Total assets
€4.2m▼ 14.6%
2024 · €4.9m
Net result
€677,822▼ 33.5%
2024 · €1.0m
Working capital
€1.5m▲ 36.8%
2024 · €1.1m
In the rankings
#3 company by total assets in Koekelare, Manufacturing sector#3 company by equity in Koekelare, Manufacturing sector#5 oldest company in Koekelare, Manufacturing sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€799,343
▼ 32.6%
2025
20182025
Net result
€677,822
▼ 33.5%
2025
highest quarter of the sector
20182025
Equity
€3.7m
▲ 15.2%
2025
highest quarter of the sector
20182025
Total assets
€4.2m
▼ 14.6%
2025
highest quarter of the sector
20182025
Debt
€513,571
▼ 70.0%
2025
20182025
Working capital
€1.5m
▲ 36.8%
2025
highest quarter of the sector
20182025
Solvency
87.6%
▲ 22.6pp
2025
highest quarter of the sector
20182025
Current ratio
4.01
▲ 2.35
2025
highest quarter of the sector
20182025
Return on assets (ROA)
16.2%
▼ 4.6pp
2025
highest quarter of the sector
20182025
Staff (FTE)
3.7
▼ 37.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m-€0.5m▲ 7.2%€0.7m▲ 49.5%€1.4m▲ 101%€0.9m▼ 32.1%€0.9m▼ 6.6%€1.2m▲ 33.9%€0.8m▼ 32.6%
Net result€0.3m-€0.3m▲ 0.7%€0.6mabove the sector's middle half▲ 63.3%€1.1mabove the sector's middle half▲ 99.5%€0.7mabove the sector's middle half▼ 41.2%€0.8mabove the sector's middle half▲ 27.4%€1.0mabove the sector's middle half▲ 20.3%€0.7mabove the sector's middle half▼ 33.5%
Equity€3.3m-€3.3m▼ 0.4%€3.7mabove the sector's middle half▲ 12.2%€4.0mabove the sector's middle half▲ 9.1%€3.0mabove the sector's middle half▼ 25.8%€3.6mabove the sector's middle half▲ 21.2%€3.2mabove the sector's middle half▼ 11.6%€3.7mabove the sector's middle half▲ 15.2%
Total assets€4.1m-€3.6m▼ 14.1%€4.0mabove the sector's middle half▲ 12.2%€5.0mabove the sector's middle half▲ 26.2%€4.3mabove the sector's middle half▼ 13.9%€4.0mabove the sector's middle half▼ 7.6%€4.9mabove the sector's middle half▲ 22.5%€4.2mabove the sector's middle half▼ 14.6%
Debt€0.8m-€0.3m▼ 67.6%€0.3m▲ 13.0%€1.0m▲ 231%€1.4m▲ 32.8%€0.4m▼ 71.0%€1.7m▲ 335%€0.5m▼ 70.0%
Working capital€2.4m-€2.4m▲ 0.4%€3.1mabove the sector's middle half▲ 26.8%€3.6mabove the sector's middle half▲ 15.2%€2.3mabove the sector's middle half▼ 34.2%€2.6mabove the sector's middle half▲ 12.6%€1.1mabove the sector's middle half▼ 57.5%€1.5mabove the sector's middle half▲ 36.8%
Solvency79.4%-92.1%▲ 12.7pp92.1%above the sector's middle half▲ 0.1pp79.6%above the sector's middle half▼ 12.5pp68.6%above the sector's middle half▼ 11.0pp90.1%above the sector's middle half▲ 21.4pp65.0%within the sector's middle half▼ 25.0pp87.6%above the sector's middle half▲ 22.6pp
Current ratio3.89-9.95▲ 6.0611.73above the sector's middle half▲ 1.784.55above the sector's middle half▼ 7.182.75above the sector's middle half▼ 1.807.87above the sector's middle half▲ 5.121.66within the sector's middle half▼ 6.214.01above the sector's middle half▲ 2.35
Return on assets (ROA)8.3%-9.8%▲ 1.4pp14.2%above the sector's middle half▲ 4.5pp22.5%above the sector's middle half▲ 8.2pp15.3%above the sector's middle half▼ 7.1pp21.2%above the sector's middle half▲ 5.8pp20.8%above the sector's middle half▼ 0.4pp16.2%above the sector's middle half▼ 4.6pp
Staff (FTE)5.3-3.9▼ 26.4%3.7below the sector's middle half▼ 5.1%4.8within the sector's middle half▲ 29.7%5.2within the sector's middle half▲ 8.3%5.1within the sector's middle half▼ 1.9%5.9within the sector's middle half▲ 15.7%3.7within the sector's middle half▼ 37.3%
above
within
below
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 33% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€2.1m ▲ 3.3%
Current assets
€2.0m ▼ 27.7%
Equity and liabilities €4.2m
Equity
€3.7m ▲ 15.2%
Provisions
€3,609 ▼ 13.2%
Debt
€513,571 ▼ 70.0%
Debt's share of the balance-sheet total falls from 34.9% to 12.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▼
2024 · €1.4m
Cash flow
€1.1m▼
2024 · €1.2m
Quick ratio
3.63▲
2024 · 1.49
Debt to equity
0.14▼
2024 · 0.54
ROE
18.5%▼
2024 · 32.0%
Interest coverage
over 100▲
2024 · -214.14
Debt ≤ 1 year
€509,651▼
2024 · €1.7m
Income taxes
€146,666▼
2024 · €214,233
Staff costs
€259,896▼
2024 · €364,395
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 6 | 6 | 3 |
| full-time | 4 | 4 | 5 | 5 | 2 |
| part-time | 1 | 1 | 1 | 1 | 1 |
| in full-time equivalents | 4.8 | 4.8 | 5.8 | 5.9 | 2.9 |
| Average over the year, in full-time equivalents | 4.8 | 5.2 | 5.1 | 5.9 | 3.7 |
| On a permanent contract | 4 | 4 | 5 | 6 | 3 |
| Joined | 4 | 3 | 2 | - | 9 |
| Left | 3 | 3 | 1 | - | 12 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,995 | €298,991 | €406,051 | €1.3m | €460,789 |
| Depreciation and write-downs of the year | €145,372 | €86,885 | €74,002 | €183,053 | €392,405 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €26,864 awarded · €26,864 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €287 | €287 |
| 2023 | 1 | €0 | €26,577 |
| 2022 | 1 | €26,577 | €0 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.001m | €0.008m | €0.007m | €100 | ▼ 98.7% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.3m | €0.3m | €0.1m | €0.09m | €0.07m | €0.2m | €0.4m | ▲ 114% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | €323 | €0.01m | -€0.005m | -€0.003m | ▲ 38.7% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 18.4% |
| Non-recurring operating charges66A | - | - | - | €0 | - | - | - | - | - |
| Gross operating margin9900 | €1.0m | €1.0m | €1.2m | €1.8m | €1.3m | €1.3m | €1.7m | €1.5m | ▼ 15.8% |
| Operating profit (loss)9901 | €0.4m | €0.5m | €0.7m | €1.4m | €0.9m | €0.9m | €1.2m | €0.8m | ▼ 32.6% |
| Financial income75/76B | - | - | - | €0.02m | €0.03m | €0.04m | €0.04m | €0.03m | ▼ 34.6% |
| Recurring financial income75 | €0.009m | €0.01m | €0.005m | €0.02m | €0.03m | €0.04m | €0.04m | €0.03m | ▼ 34.6% |
| Financial charges65/66B | - | - | - | €0.004m | €0.1m | -€0.1m | -€0.006m | €0.001m | - |
| Recurring financial charges65 | €0.001m | €0.001m | €0.001m | €0.004m | €0.1m | -€0.1m | -€0.006m | €0.001m | - |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.5m | €0.7m | €1.4m | €0.8m | €1.0m | €1.2m | €0.8m | ▼ 33.1% |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Income taxes67/77 | €0.1m | €0.1m | €0.1m | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 31.5% |
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.6m | €1.1m | €0.7m | €0.8m | €1.0m | €0.7m | ▼ 33.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.003m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.3m | €0.6m | €1.1m | €0.7m | €0.8m | €1.0m | €0.7m | ▼ 33.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.1m | €3.6m | €4.0m | €5.0m | €4.3m | €4.0m | €4.9m | €4.2m | ▼ 14.6% |
| Fixed assets21/28 | €0.9m | €0.8m | €0.6m | €0.5m | €0.6m | €1.0m | €2.1m | €2.1m | ▲ 3.3% |
| Tangible fixed assets22/27 | €0.9m | €0.8m | €0.6m | €0.5m | €0.6m | €1.0m | €2.1m | €2.1m | ▲ 3.3% |
| Land and buildings22 | - | - | - | €0.4m | €0.5m | €0.5m | €0.8m | €0.7m | ▼ 9.9% |
| Plant, machinery and equipment23 | - | - | - | €0.06m | €0.04m | €0.4m | €1.2m | €1.4m | ▲ 12.3% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.08m | €0.07m | €0.09m | €0.08m | ▼ 10.1% |
| Current assets29/58 | €3.3m | €2.7m | €3.4m | €4.6m | €3.7m | €3.0m | €2.8m | €2.0m | ▼ 27.7% |
| Amounts receivable after more than one year29 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 25.0% |
| Other amounts receivable291 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 25.0% |
| Stocks and contracts in progress3 | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 31.6% |
| Stocks30/36 | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 31.6% |
| Amounts receivable within one year40/41 | €0.6m | €1.0m | €0.6m | €0.7m | €0.7m | €1.0m | €1.0m | €0.9m | ▼ 15.8% |
| Trade receivables40 | - | - | - | €0.7m | €0.6m | €0.8m | €0.9m | €0.8m | ▼ 10.1% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.08m | €0.2m | €0.1m | €0.05m | ▼ 57.9% |
| Current investments50/53 | €0.4m | €0.4m | €0.6m | €1.3m | €1.2m | €1.0m | €0.3m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €2.1m | €1.2m | €1.5m | €2.0m | €1.2m | €0.6m | €1.0m | €0.8m | ▼ 21.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.1m | €3.6m | €4.0m | €5.0m | €4.3m | €4.0m | €4.9m | €4.2m | ▼ 14.6% |
| Equity10/15 | €3.3m | €3.3m | €3.7m | €4.0m | €3.0m | €3.6m | €3.2m | €3.7m | ▲ 15.2% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €3.1m | €3.1m | €3.5m | €3.9m | €2.8m | €3.5m | €3.0m | €3.5m | ▲ 15.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | ▼ 2.4% |
| Distributable reserves133 | - | - | - | €3.8m | €2.7m | €3.4m | €3.0m | €3.5m | ▲ 16.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.01m | €0.01m | €0.007m | €0.006m | €0.005m | €0.005m | €0.004m | €0.004m | ▼ 13.2% |
| Deferred taxes168 | - | - | - | €0.006m | €0.005m | €0.005m | €0.004m | €0.004m | ▼ 13.2% |
| Amounts payable17/49 | €0.8m | €0.3m | €0.3m | €1.0m | €1.4m | €0.4m | €1.7m | €0.5m | ▼ 70.0% |
| Amounts payable within one year42/48 | €0.8m | €0.3m | €0.3m | €1.0m | €1.3m | €0.4m | €1.7m | €0.5m | ▼ 70.1% |
| Trade debts44 | €0.05m | €0.09m | €0.07m | €0.2m | €0.09m | €0.1m | €0.2m | €0.3m | ▲ 28.4% |
| Suppliers440/4 | - | - | - | €0.2m | €0.09m | €0.1m | €0.2m | €0.3m | ▲ 28.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.05m | €0.03m | €0.04m | €0.02m | ▼ 45.8% |
| Taxes450/3 | - | - | - | €55 | €0.03m | €0 | - | €0.005m | - |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.03m | €0.03m | €0.04m | €0.02m | ▼ 58.8% |
| Other amounts payable47/48 | - | - | - | €0.8m | €1.2m | €0.2m | €1.4m | €0.2m | ▼ 86.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.01m | €0.009m | €0.006m | €0.004m | ▼ 35.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.3m | €0.6m | €1.1m | €0.7m | €0.8m | €1.0m | €0.7m | ▼ 33.5% |
| + Depreciation and write-downs630 | €0.3m | €0.3m | €0.3m | €0.1m | €0.09m | €0.07m | €0.2m | €0.4m | ▲ 114% |
| Operating cash flow (approximation) | €0.7m | €0.7m | €0.9m | €1.3m | €0.8m | €0.9m | €1.2m | €1.1m | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.07m | -€0.007m | -€0.3m | -€0.4m | -€1.3m | -€0.5m | ▲ 64.0% |
| Change in cash | - | -€0.9m | €0.4m | €0.4m | -€0.8m | -€0.6m | €0.5m | -€0.2m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as CONSTRUCT HOET has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CONSTRUCT HOET itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CONSTRUCT HOET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-06-2026 | 2026-00209097 | |
| 31-12-2024 | abbreviated format | 20-06-2025 | 2025-00191276 | |
| 31-12-2023 | abbreviated format | 10-06-2024 | 2024-00125003 | |
| 31-12-2022 | abbreviated format | 29-06-2023 | 2023-00193362 | |
| 31-12-2021 | abbreviated format | 26-07-2022 | 2022-20220786 | |
| 31-12-2020 | abbreviated format | 28-06-2021 | 2021-26400377 | |
| 31-12-2019 | abbreviated format | 28-05-2020 | 2020-13800494 | |
| 31-12-2018 | abbreviated format | 07-06-2019 | 2019-17000481 | |
| 31-12-2017 | abbreviated format | 28-05-2018 | 2018-14300069 | |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-33600527 |
Board & ownership
Directors
Directors
3 directors, last change in 2026
Board 3
Hoet Investment
Current
Director (not named in the articles) · since 16-11-2006 · earlier director, until 21-10-2022 · term without a fixed end · Legal entity · permanent representative: Hoet Philiep · listed in the 2025 annual accounts, filed on 26-06-2026
Hoet BV
Current
Director · since 01-06-2019 · Legal entity · listed in the 2025 annual accounts, filed on 26-06-2026
Hoet Beheer
Current
Director · appointed in the act of 09-07-2026 · Private limited company · permanent representative: Pieter-Jan Hoet
Permanent representatives 2
Pieter-Jan Hoet
Current
Permanent representative · appointed in the act of 09-07-2026 · for Hoet Beheer
Hoet Philiep
Current
Permanent representative · in office according to the act of 21-10-2022 · for Hoet Investment
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 13. Externe vertegenwoordiging van de vennootschap Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als…”
deed of 21-10-2022Owners and capital
Shareholders
1 ownerChain of control
- HOET INVESTMENT
- CONSTRUCT HOET
Owners 1
- HOET INVESTMENTparentEquity €7.9m Profit of €1.3m in 2025 (profit of €207,072 in 2024)99.92%
Capital transactions
Capital over time
- 21-10-2022 Converted to unavailable equity · €151,500
Mandate history
4 people, 3 in office
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Hoet BV |
|
| Hoet Investment |
|
| Hoet Beheer |
|
| Hoet Gert-Jan |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, aantal,duur opdracht en bij meerdere bevoegdheid”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager en helft kopers naar evenredigheid,ook bij weigering erfgenaam of legataris, erfgenamen en…”
Articles of association, deed of 21-10-2022 (in Dutch)
Network & group
Connections & network
3 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
09-07
Gazette deed
Appointment: Hoet Beheer (director)Permanent representative: Pieter-Jan Hoet3 points ▸
Gazette deed
Appointment: Hoet Beheer (director)
Permanent representative: Pieter-Jan Hoet3 points ▸
- General meeting, 03-07-2026
- Director appointment, Hoet Beheer (director)
- Permanent representative, Pieter-Jan Hoet
26-06
abbreviated format · 35 days before the deadline
2025
31-12
Financial
Liquidity more than doubledcurrent ratio 4.01
The current ratio rises from 1.66 to 4.01. Short-term debt falls from €1.7m to €509,651.
20-06
abbreviated format · 41 days before the deadline
2024
10-06
abbreviated format · 51 days before the deadline
2023
31-12
Financial
Liquidity more than doubledcurrent ratio 7.87
The current ratio rises from 2.75 to 7.87. Short-term debt falls from €1.3m to €383,841.
29-06
abbreviated format · 32 days before the deadline
2022
21-10
Gazette deed
2 directors resigning, 2 reappointedResignations: Hoet Investment (director) and Hoet Gert-Jan (director) · Reappointments: Hoet Investment (director) and Hoet Gert-Jan (director) · Permanent representatives: Hoet Philiep and Hoet Gert-Jan16 points ▸
Gazette deed
2 directors resigning, 2 reappointed
Resignations: Hoet Investment (director) and Hoet Gert-Jan (director) · Reappointments: Hoet Investment (director) and Hoet Gert-Jan (director) · Permanent representatives: Hoet Philiep and Hoet Gert-Jan16 points ▸
- General meeting, 17-10-2022
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm BV, Eerste besluit” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “geen eigen vermogensrekening niet-opgevraagde inbrengen, aandelen volledig volstort” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney, Elisabeth LOMMEE
- Director resignation, Hoet Investment (director)
- Director reappointment, Hoet Investment (director (not named in the articles))
- Director resignation, Hoet Gert-Jan (director)
- Director reappointment, Hoet Gert-Jan (director (not named in the articles))
- The act holds 4 more points.
26-07
abbreviated format · 5 days before the deadline
2021
31-12
Financial
Highest result from 2018 to 2025net €1.1m ▲99.5%
The operating result of €1.4m and the net result of €1.1m are both a record.
28-06
abbreviated format · 33 days before the deadline
2020
28-05
abbreviated format · 64 days before the deadline
Show earlier events
2019
31-12
Financial
Liquidity more than doubledcurrent ratio 9.95
The current ratio rises from 3.89 to 9.95. Short-term debt falls from €840,138 to €272,186.
07-06
abbreviated format · 54 days before the deadline
2018
28-05
abbreviated format · 64 days before the deadline
2017
20-07
abbreviated format · 11 days before the deadline
1990
31-10
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CONSTRUCT HOET in Dutch
Enterprise number
0441.616.353
LEI code
8755004SG08PU7AONA26
no longer live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
10-10-1990
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 21-10-2022 (in Dutch)Name clauseThe company operates under this name according to its articles.
Construct Hoet
deed of 21-10-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit van…”
deed of 21-10-2022 (in Dutch)Registered office and establishments
Registered office
Ambachtenstraat 3, 8680 Koekelare, Belgium
Establishment unit
CONSTRUCT HOET, Ambachtenstraat 3, 8680 Koekelare since 11-02-2002 · unit number 2.049.999.087
Activities
NACEBEL 2025VAT activities
25530
Machining of metals main activity
25999
Manufacture of fabricated metal products, except machinery and equipment
Social security (RSZ) activities
25530
Machining of metals main activity
Codes under NACEBEL 2008
VAT activities
25620
Manufacture of fabricated metal products, except machinery and equipment main activity
25999
Manufacture of fabricated metal products, except machinery and equipment
Social security (RSZ) activities
25620
Manufacture of fabricated metal products, except machinery and equipment main activity
Codes under NACEBEL 2003
VAT activities
28520
main activity
28755
Social security (RSZ) activities
28520
main activity
Joint committee
209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 21-10-2022 (in Dutch)
“De vennootschap heeft tot voorwerp de aankoop,verkoop,import en export van,vertegenwoordiging in,onderzoek en ontwikkeling…”
15 activities
- De vennootschap heeft tot voorwerp de aankoop,verkoop,import en export van,vertegenwoordiging in,onderzoek en ontwikkeling van,fabricatie,automatisatie,commercialisatie,plaatsing en montage van,het las-draai- en freeswerk,de plaatbewerking,het zandstralen,het spuiten,het onderhoud en de herstelling van en voor rollend materiaal,machines,constructies,installaties,complete inrichtingen en hun toelevering en onderdelen voor diverse sectoren en in het bijzonder de agroindustrie en handel,het transport,de betonindustrie en -handel,de afvalverwerkingsindustrie en -handel,de rubberindustrie en -handel,de voedingsindustrie en -handel.
- Het inrichten en exploiteren van werkplaatsen van constructie en assemblage.
- Het ter beschikking stellen van personeel voor hogergenoemde werken en werkzaamheden.Dit alles in de ruimste zin.Deze opsomming is enkel aanhalend en niet beperkend.
- Het verstrekken van operationeel en intellectueel advies betreffende de commerciële organisatie en uitbating van productiebedrijven of dienstverlenende ondernemingen.
- Het verlenen van commercieel advies betreffende de marketing van producten van productie of dienstverlenende ondernemingen.
- Het verlenen van administratief,financieel en managementsadvies betreffende het bestuur van diverse ondernemingen in de meest ruime zin van het woord.
- Het bestuur waarnemen van andere vennootschappen of ondernemingen en daarvoor vergoedingen ontvangen.
- Alle immobiliaire operaties of ermee verband houdende verrichtingen met name:de aankoop,verkoop,ruiling,het bouwen,het laten bouwen,het huren,verhuren,ter beschikking stellen van gebouwen en gronden,de omvorming of ombouwing en valorisatie van onroerende goederen,in voorkomend geval door middel van lotissering,verkaveling,nieuwbouw,heropbouw of verbouwing,alle activiteiten van makelaar in onroerende goederen.
- Het optreden als tussenpersoon in de handel.
- Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door het stellen van alle bestuursdaden ondermeer aankoop,verkoop,verhuren,in huur nemen,ruilen,oprichten,laten uitvoeren van bouwwerken dit alles in de ruimste zin.
- Het beheren van een roerend patrimonium inzonderheid van het verwerven en verhandelen van effecten,de participatie in andere vennootschappen en/of ondernemingen,het stellen van zakelijke of persoonlijke waarborgen in het voordeel van derden.
- Het verwerven,en beheren van een kunstpatrimonium en dat in de meest ruime zin;de aankoop,verkoop,het verhuren,het tentoonstellen tegen vergoeding van kunstwerken en in het algemeen van handel in de kunst.
- Het verweren van licenties,brevetten en octrooien,alle rechten op know-how en ontwikkelde procédés.
- De vennootschap mag zich borgstellen,leningen geven,zakelijke zekerheden verstrekken ten voordele van derden of ondernemingen of vennootschappen waarin zij belangen bezit als medeëigenaar,vennoot,schuldeiser of op andere wijze.
- Zij mag op welke wijze ook betrokken zijn in zaken,ondernemingen of vennootschappen die hetzelfde,een soortgelijk,een gelijkaardig of samenhangen voorwerp hebben of die de ontwikkeling van haar onderneming kunnen bevorderen.
Invoicing and payment
VAT number
BE 0441.616.353
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Saturday of April at 09:00
deed of 21-10-2022 (in Dutch)Environmental permits
1 application in Flanders since 2024 · 1 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
9,823 m²
Building footprint
4,690 m²
Building volume
21,316 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 32010A1348/00B000 | Flanders | 9,823 m² | 1 · 4,690 m² | 8.4 m · 2 |