HOBACO
ActiveSummary
HOBACO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.3m and a net result of €379,721. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 79% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-19
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440,000 at 30 days acceptable
Liquidity ample (current ratio 3.53 against 2.89 in 2023; short-term debt: 17% and cash: 4.6% of total assets), and 17% of the assets are financed with debt.
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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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83%
Return on assets
5.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
21 d early
2022
11 d early
2021
24 d early
2020
24 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 oldest company in Peer, Professional and technical services sector#2 company by total assets in Peer, Professional and technical services sector#2 company by equity in Peer, Professional and technical services sector
Equity
€5.3m▼ 2.5%
2023 · €5.5m
Total assets
€6.4m▼ 7.6%
2023 · €6.9m
Net result
€379,721▼ 73.7%
2023 · €1.4m
Working capital
€2.7m▼ 2.0%
2023 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€386,636▲ 49.5%€492,682▲ 27.4%€450,735▼ 8.5%€635,409▲ 41.0%€573,068▼ 9.8%
Net result€609,293above the sector's middle half▼ 46.1%€705,950above the sector's middle half▲ 15.9%€717,657above the sector's middle half▲ 1.7%€1.4mabove the sector's middle half▲ 101%€379,721above the sector's middle half▼ 73.7%
Equity€3.7mabove the sector's middle half▲ 19.8%€4.0mabove the sector's middle half▲ 8.4%€4.4mabove the sector's middle half▲ 10.4%€5.5mabove the sector's middle half▲ 23.8%€5.3mabove the sector's middle half▼ 2.5%
Total assets€4.8mabove the sector's middle half▲ 11.9%€5.3mabove the sector's middle half▲ 11.5%€6.0mabove the sector's middle half▲ 13.7%€6.9mabove the sector's middle half▲ 14.8%€6.4mabove the sector's middle half▼ 7.6%
Debt€1.1m▼ 8.7%€1.3m▲ 22.1%€1.6m▲ 24.0%€1.5m▼ 9.4%€1.1m▼ 26.4%
Working capital€953,890▲ 237%€1.3m▲ 35.6%€1.7m▲ 29.4%€2.8m▲ 67.4%€2.7m▼ 2.0%
Solvency77.4%above the sector's middle half▲ 5.1pp75.2%within the sector's middle half▼ 2.1pp73.0%within the sector's middle half▼ 2.2pp78.7%above the sector's middle half▲ 5.7pp83.0%above the sector's middle half▲ 4.3pp
Staff (FTE)3.5within the sector's middle half▼ 18.6%4.8within the sector's middle half▲ 37.1%5above the sector's middle half▲ 4.2%4.3above the sector's middle half▼ 14.0%4.6above the sector's middle half▲ 7.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.4m
Fixed assets
€2.6m ▼ 3.0%
Current assets
€3.8m ▼ 10.4%
Equity and liabilities €6.4m
Equity
€5.3m ▼ 2.5%
Debt
€1.1m ▼ 26.4%
Debt's share of the balance-sheet total falls from 21.3% to 17.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€597,653▼
2023 · €673,167
Cash flow
€404,306▼
2023 · €1.5m
Current ratio
3.53▲
2023 · 2.89
Debt to equity
0.20▼
2023 · 0.27
ROE
7.1%▼
2023 · 26.4%
ROA
5.9%▼
2023 · 20.8%
Interest coverage
7.74▼
2023 · 76.40
Debt ≤ 1 year
€1.1m▼
2023 · €1.5m
Income taxes
€186,769▼
2023 · €306,794
Staff costs
€280,422▼
2023 · €297,088
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,980 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €289,782 | €309,600 | €297,088 | €280,422 | ▼ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €90,844 | €46,998 | €39,214 | €37,758 | €24,585 | ▼ 34.9% |
| Other operating charges640/8 | - | €9,601 | €6,488 | €7,081 | €14,232 | ▲ 101% |
| Gross operating margin9900 | €705,267 | €839,064 | €806,037 | €977,337 | €892,306 | ▼ 8.7% |
| Operating profit (loss)9901 | €386,636 | €492,682 | €450,735 | €635,409 | €573,068 | ▼ 9.8% |
| Financial income75/76B | - | €442,450 | €574,060 | €1.2m | €145,619 | ▼ 87.8% |
| Recurring financial income75 | €423,421 | €442,450 | €574,060 | €1.2m | €145,619 | ▼ 87.8% |
| Financial charges65/66B | - | €32,127 | €121,214 | €83,811 | €152,196 | ▲ 81.6% |
| Recurring financial charges65 | €35,828 | €32,127 | €121,214 | €8,811 | €77,196 | ▲ 776% |
| Non-recurring financial charges66B | - | - | - | €75,000 | €75,000 | = |
| Profit (loss) for the period before taxes9903 | €774,228 | €903,006 | €903,581 | €1.7m | €566,491 | ▼ 67.6% |
| Income taxes67/77 | €164,935 | €197,056 | €185,925 | €306,794 | €186,769 | ▼ 39.1% |
| Profit (loss) for the period9904 | €609,293 | €705,950 | €717,657 | €1.4m | €379,721 | ▼ 73.7% |
| Transfer from tax-exempt reserves789 | - | €16,197 | €7,908 | €7,322 | €1,340 | ▼ 81.7% |
| Profit (loss) for the period to be appropriated9905 | €650,017 | €722,146 | €725,565 | €1.4m | €381,062 | ▼ 73.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.8m | €5.3m | €6.0m | €6.9m | €6.4m | ▼ 7.6% |
| Fixed assets21/28 | €2.8m | €2.7m | €2.8m | €2.7m | €2.6m | ▼ 3.0% |
| Tangible fixed assets22/27 | €553,982 | €511,807 | €483,085 | €445,327 | €439,834 | ▼ 1.2% |
| Land and buildings22 | - | €458,971 | €443,171 | €427,371 | €411,571 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | €39,168 | €28,271 | €7,697 | €5,598 | ▼ 27.3% |
| Furniture and vehicles24 | - | €13,028 | €11,643 | €10,259 | €22,665 | ▲ 121% |
| Other tangible fixed assets26 | - | €640 | €0 | - | - | - |
| Financial fixed assets28 | €2.2m | €2.2m | €2.3m | €2.2m | €2.1m | ▼ 3.4% |
| Current assets29/58 | €2.0m | €2.6m | €3.3m | €4.3m | €3.8m | ▼ 10.4% |
| Amounts receivable after more than one year29 | - | €1.2m | €1.2m | €1.2m | €1.9m | ▲ 55.3% |
| Other amounts receivable291 | - | €1.2m | €1.2m | €1.2m | €1.9m | ▲ 55.3% |
| Amounts receivable within one year40/41 | €504,246 | €633,033 | €1.3m | €1.8m | €1.3m | ▼ 27.2% |
| Trade receivables40 | - | - | €694 | €10,203 | €4,324 | ▼ 57.6% |
| Other amounts receivable41 | - | €633,033 | €1.3m | €1.8m | €1.3m | ▼ 27.1% |
| Current investments50/53 | - | €447,911 | €388,613 | €753,519 | €340,000 | ▼ 54.9% |
| Cash at bank and in hand54/58 | €280,039 | €252,471 | €345,844 | €494,391 | €292,094 | ▼ 40.9% |
| Deferred charges and accrued income490/1 | - | €28,870 | €50,607 | €8,143 | €8,494 | ▲ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.8m | €5.3m | €6.0m | €6.9m | €6.4m | ▼ 7.6% |
| Equity10/15 | €3.7m | €4.0m | €4.4m | €5.5m | €5.3m | ▼ 2.5% |
| Contributions10/11 | €210,000 | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Capital10 | - | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Issued capital100 | - | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Reserves13 | €3.5m | €3.8m | €4.2m | €5.2m | €5.1m | ▼ 2.6% |
| Non-distributable reserves130/1 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Legal reserve130 | - | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Tax-exempt reserves132 | - | €30,255 | €22,348 | €15,026 | €13,686 | ▼ 8.9% |
| Distributable reserves133 | - | €3.7m | €4.2m | €5.2m | €5.1m | ▼ 2.6% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.1m | €1.3m | €1.6m | €1.5m | €1.1m | ▼ 26.4% |
| Amounts payable within one year42/48 | €1.0m | €1.3m | €1.6m | €1.5m | €1.1m | ▼ 26.4% |
| Financial debts43 | - | - | - | €31,608 | €42,203 | ▲ 33.5% |
| Other loans439 | - | - | - | €31,608 | €42,203 | ▲ 33.5% |
| Trade debts44 | €92,983 | €608 | €2,065 | €1,844 | €37,929 | ▲ 1,957% |
| Suppliers440/4 | - | €608 | €2,065 | €1,844 | €37,929 | ▲ 1,957% |
| Taxes, remuneration and social security45 | - | €197,372 | €287,750 | €366,831 | €158,638 | ▼ 56.8% |
| Taxes450/3 | - | €129,051 | €217,372 | €298,608 | €109,800 | ▼ 63.2% |
| Remuneration and social security454/9 | - | €68,322 | €70,378 | €68,224 | €48,837 | ▼ 28.4% |
| Other amounts payable47/48 | - | €1.1m | €1.3m | €1.1m | €848,811 | ▼ 21.3% |
| Accrued charges and deferred income492/3 | - | €21,210 | €34,268 | €471 | €875 | ▲ 85.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €609,293 | €705,950 | €717,657 | €1.4m | €379,721 | ▼ 73.7% |
| + Depreciation and write-downs630 | €90,844 | €46,998 | €39,214 | €37,758 | €24,585 | ▼ 34.9% |
| Operating cash flow (approximation) | €700,136 | €752,948 | €756,871 | €1.5m | €404,306 | ▼ 72.7% |
| Investment in fixed assets (approximation) | - | -€4,823 | -€85,493 | €75,000 | €55,909 | ▼ 25.5% |
| Change in cash | - | -€27,568 | €93,373 | €148,547 | -€202,297 | ▼ 236% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €379,721 ▼73.7%
Net result drops to €379,721, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.4m ▲101%
Operating result €635,409, net result €1.4m, both a record.
31-12
Financial
Equity above €5mEq €5.5m ▲23.8%
6 profitable years in a row build equity to €5.5m.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 10current ratio 1.25
Current ratio from 0.12 to 1.25.
31-12
Financial
Equity above €2mEq €3.1m ▲58%
2 profitable years in a row build equity to €3.1m.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Peer · 1 establishment unit since 1990
Ground area
2.2 ha
Building footprint
1.1 ha
Volume, LiDAR
2,267 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Aninco
since 19902.046.980.508
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72030A0593/00W000 | Flanders | 1.9 ha | 1 · 1.1 ha | - |
| 72030A0418/00F000 | Flanders | 3,301 m² | 1 · 317 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.99%
According to the 2024 annual accounts of HOBACO and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 5,183 EUR awarded · 5,183 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 1,679 EUR |
| 2024 | 1 | 1,679 EUR | 0 EUR |
| 2023 | 1 | 3,504 EUR | 3,504 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
894500OUKWMQZ4PR3M61
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 10,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
16281Manufacture of other wood products
26520Manufacture of computer, electronic and optical products
70200Business and other management consultancy
Contact
E-mail
info@hobaco.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439279643
Registered
03-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.