HOBBITON
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-07-2026 at the NBB all 29 filings
Turnover
€104,500▼ 0.2%
2024 · €104,725
EBIT margin
13.9%▼ 4.3pp
2024 · 18.2%
Net result
€84,781▲ 496%
2024 · €14,226
Working capital
€620,161▲ 17.2%
2024 · €529,059
In the rankings
#5 oldest company in Vilvoorde, Telecoms and IT sector#7 company by equity in Vilvoorde, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€104,500
▼ 0.2%
2025
20182025
Operating result
€14,572
▼ 23.5%
2025
20182025
Net result
€84,781
▲ 496%
2025
highest quarter of the sector
20182025
EBIT margin
13.9%
▼ 4.3pp
2025
20182025
Equity
€622,031
▲ 15.8%
2025
highest quarter of the sector
20182025
Total assets
€637,846
▲ 15.2%
2025
highest quarter of the sector
20182025
Debt
€15,815
▼ 4.9%
2025
20182025
Working capital
€620,161
▲ 17.2%
2025
highest quarter of the sector
20182025
Solvency
97.5%
▲ 0.5pp
2025
highest quarter of the sector
20182025
Current ratio
40.21
▲ 7.40
2025
highest quarter of the sector
20182025
Return on assets (ROA)
13.3%
▲ 10.7pp
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
Turnover€143,878-€132,600▼ 7.8%€143,480▲ 8.2%€157,860▲ 10.0%€136,944▼ 13.2%€123,566▼ 9.8%€104,725▼ 15.2%€104,500▼ 0.2%
Operating result€61,457-€52,395▼ 14.7%€68,608▲ 30.9%€66,288▼ 3.4%€44,720▼ 32.5%€37,503▼ 16.1%€19,056▼ 49.2%€14,572▼ 23.5%
Net result€40,633-€35,492▼ 12.7%€50,281above the sector's middle half▲ 41.7%€48,208above the sector's middle half▼ 4.1%€32,608within the sector's middle half▼ 32.4%€39,625within the sector's middle half▲ 21.5%€14,226within the sector's middle half▼ 64.1%€84,781above the sector's middle half▲ 496%
EBIT margin42.7%-39.5%▼ 3.2pp47.8%▲ 8.3pp42.0%▼ 5.8pp32.7%▼ 9.3pp30.4%▼ 2.3pp18.2%▼ 12.2pp13.9%▼ 4.3pp
Equity€596,810-€632,302▲ 5.9%€682,583above the sector's middle half▲ 8.0%€730,791above the sector's middle half▲ 7.1%€763,399above the sector's middle half▲ 4.5%€523,025above the sector's middle half▼ 31.5%€537,250above the sector's middle half▲ 2.7%€622,031above the sector's middle half▲ 15.8%
Total assets€616,248-€657,011▲ 6.6%€700,503above the sector's middle half▲ 6.6%€753,829above the sector's middle half▲ 7.6%€779,501above the sector's middle half▲ 3.4%€541,321above the sector's middle half▼ 30.6%€553,879above the sector's middle half▲ 2.3%€637,846above the sector's middle half▲ 15.2%
Debt€19,438-€24,709▲ 27.1%€17,920▼ 27.5%€23,038▲ 28.6%€16,102▼ 30.1%€18,297▲ 13.6%€16,628▼ 9.1%€15,815▼ 4.9%
Working capital€598,546-€635,272▲ 6.1%€680,621above the sector's middle half▲ 7.1%€702,072above the sector's middle half▲ 3.2%€740,442above the sector's middle half▲ 5.5%€507,829above the sector's middle half▼ 31.4%€529,059above the sector's middle half▲ 4.2%€620,161above the sector's middle half▲ 17.2%
Solvency96.8%-96.2%▼ 0.6pp97.4%above the sector's middle half▲ 1.2pp96.9%above the sector's middle half▼ 0.5pp97.9%above the sector's middle half▲ 1.0pp96.6%above the sector's middle half▼ 1.3pp97.0%above the sector's middle half▲ 0.4pp97.5%above the sector's middle half▲ 0.5pp
Current ratio41.75-32.83▼ 8.9238.98above the sector's middle half▲ 6.1531.47above the sector's middle half▼ 7.5146.98above the sector's middle half▲ 15.5128.76above the sector's middle half▼ 18.2332.82above the sector's middle half▲ 4.0640.21above the sector's middle half▲ 7.40
Return on assets (ROA)6.6%-5.4%▼ 1.2pp7.2%within the sector's middle half▲ 1.8pp6.4%within the sector's middle half▼ 0.8pp4.2%within the sector's middle half▼ 2.2pp7.3%within the sector's middle half▲ 3.1pp2.6%below the sector's middle half▼ 4.8pp13.3%within the sector's middle half▲ 10.7pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 24% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €637,846
Fixed assets
€1,870 ▼ 77.2%
Current assets
€635,976 ▲ 16.5%
Equity and liabilities €637,846
Equity
€622,031 ▲ 15.8%
Debt
€15,815 ▼ 4.9%
Debt's share of the balance-sheet total falls from 3.0% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21,396▼
2024 · €26,060
Cash flow
€91,605▲
2024 · €21,230
Debt to equity
0.03▼
2024 · 0.03
ROE
13.6%▲
2024 · 2.6%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€15,815▼
2024 · €16,628
Income taxes
€12,302▲
2024 · €6,845
Customer credit
117 days▼
2024 · 120 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €33,772 | €1,858 | - | - | €503 |
| Depreciation and write-downs of the year | €7,015 | €7,577 | €7,762 | €7,004 | €6,824 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €173 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €143,878 | €132,600 | €143,480 | €157,860 | €136,944 | €123,566 | €104,725 | €104,500 | ▼ 0.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €79,699 | €83,833 | €77,739 | €78,082 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,094 | €1,233 | €1,191 | €7,015 | €7,577 | €7,762 | €7,004 | €6,824 | ▼ 2.6% |
| Other operating charges640/8 | - | - | - | €4,856 | €813 | €735 | €583 | €784 | ▲ 34.5% |
| Gross operating margin9900 | €64,078 | €54,434 | €70,443 | €78,159 | €53,110 | €46,000 | €26,643 | €22,180 | ▼ 16.8% |
| Operating profit (loss)9901 | €61,457 | €52,395 | €68,608 | €66,288 | €44,720 | €37,503 | €19,056 | €14,572 | ▼ 23.5% |
| Financial income75/76B | - | - | - | €231 | €231 | €17,235 | €2,070 | €82,567 | ▲ 40× |
| Recurring financial income75 | €6,378 | €4,250 | €381 | €231 | €231 | €17,235 | €2,070 | €82,567 | ▲ 40× |
| Financial charges65/66B | - | - | - | €43 | €50 | €52 | €55 | €56 | ▲ 1.1% |
| Recurring financial charges65 | €8,646 | €5,763 | €125 | €43 | €50 | €52 | €55 | €56 | ▲ 1.1% |
| Profit (loss) for the period before taxes9903 | €59,189 | €50,882 | €68,864 | €66,476 | €44,901 | €54,686 | €21,071 | €97,083 | ▲ 361% |
| Income taxes67/77 | €18,556 | €15,390 | €18,583 | €18,268 | €12,293 | €15,060 | €6,845 | €12,302 | ▲ 79.7% |
| Profit (loss) for the period9904 | €40,633 | €35,492 | €50,281 | €48,208 | €32,608 | €39,625 | €14,226 | €84,781 | ▲ 496% |
| Profit (loss) for the period to be appropriated9905 | €40,633 | €35,492 | €50,281 | €48,208 | €32,608 | €39,625 | €14,226 | €84,781 | ▲ 496% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €616,248 | €657,011 | €700,503 | €753,829 | €779,501 | €541,321 | €553,879 | €637,846 | ▲ 15.2% |
| Fixed assets21/28 | €3,014 | €1,780 | €1,962 | €28,719 | €22,957 | €15,195 | €8,191 | €1,870 | ▼ 77.2% |
| Tangible fixed assets22/27 | €3,014 | €1,780 | €1,962 | €28,719 | €22,957 | €15,195 | €8,191 | €1,870 | ▼ 77.2% |
| Plant, machinery and equipment23 | - | - | - | €1,938 | €2,723 | €1,508 | €936 | €1,029 | ▲ 9.9% |
| Furniture and vehicles24 | - | - | - | €26,781 | €20,234 | €13,687 | €7,255 | €841 | ▼ 88.4% |
| Current assets29/58 | €613,234 | €655,231 | €698,541 | €725,110 | €756,544 | €526,126 | €545,688 | €635,976 | ▲ 16.5% |
| Amounts receivable within one year40/41 | €30,562 | €22,378 | €14,784 | €15,695 | €21,297 | €32,608 | €34,667 | €34,755 | ▲ 0.3% |
| Trade receivables40 | - | - | - | €14,297 | €15,487 | €23,696 | €34,465 | €33,603 | ▼ 2.5% |
| Other amounts receivable41 | - | - | - | €1,398 | €5,810 | €8,913 | €203 | €1,153 | ▲ 469% |
| Current investments50/53 | €153,620 | €176,223 | €216,538 | €216,538 | €216,538 | €228,631 | €347,872 | €378,331 | ▲ 8.8% |
| Cash at bank and in hand54/58 | €428,697 | €456,630 | €467,219 | €492,877 | €518,709 | €261,992 | €162,447 | €222,741 | ▲ 37.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €2,895 | €701 | €149 | ▼ 78.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €616,248 | €657,011 | €700,503 | €753,829 | €779,501 | €541,321 | €553,879 | €637,846 | ▲ 15.2% |
| Equity10/15 | €596,810 | €632,302 | €682,583 | €730,791 | €763,399 | €523,025 | €537,250 | €622,031 | ▲ 15.8% |
| Contributions10/11 | €280,000 | €280,000 | - | €280,000 | €280,000 | - | - | - | - |
| Reserves13 | €316,810 | €352,302 | €402,183 | €450,391 | €482,966 | €522,966 | €536,966 | €620,966 | ▲ 15.6% |
| Distributable reserves133 | - | - | - | €450,391 | €482,966 | €522,966 | €536,966 | €620,966 | ▲ 15.6% |
| Profit (loss) carried forward14 | - | - | €400 | €400 | €433 | €59 | €284 | €1,065 | ▲ 275% |
| Amounts payable17/49 | €19,438 | €24,709 | €17,920 | €23,038 | €16,102 | €18,297 | €16,628 | €15,815 | ▼ 4.9% |
| Amounts payable within one year42/48 | €14,688 | €19,959 | €17,920 | €23,038 | €16,102 | €18,297 | €16,628 | €15,815 | ▼ 4.9% |
| Trade debts44 | €581 | €236 | €1,266 | €126 | €235 | €2,532 | €233 | €741 | ▲ 218% |
| Suppliers440/4 | - | - | - | €126 | €235 | €2,532 | €233 | €741 | ▲ 218% |
| Taxes, remuneration and social security45 | - | - | - | €17,023 | €8,888 | €7,794 | €7,431 | €13,569 | ▲ 82.6% |
| Taxes450/3 | - | - | - | €17,023 | €8,888 | €7,794 | €7,431 | €13,569 | ▲ 82.6% |
| Other amounts payable47/48 | - | - | - | €5,889 | €6,979 | €7,970 | €8,965 | €1,505 | ▼ 83.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,633 | €35,492 | €50,281 | €48,208 | €32,608 | €39,625 | €14,226 | €84,781 | ▲ 496% |
| + Depreciation and write-downs630 | €2,094 | €1,233 | €1,191 | €7,015 | €7,577 | €7,762 | €7,004 | €6,824 | ▼ 2.6% |
| Operating cash flow (approximation) | €42,727 | €36,725 | €51,472 | €55,223 | €40,185 | €47,387 | €21,230 | €91,605 | ▲ 331% |
| Investment in fixed assets (approximation) | - | €1 | -€1,373 | -€33,772 | -€1,815 | €0 | €0 | -€503 | - |
| Change in cash | - | €27,933 | €10,589 | €25,658 | €25,832 | -€256,717 | -€99,545 | €60,294 | - |
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, 20,136 companies had the same profile as HOBBITON has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of HOBBITON 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 20,136 companies, not a prediction for HOBBITON. 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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00316737 | |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00273632 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00212778 | |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00165999 | |
| 31-12-2021 | micro format | 18-06-2022 | 2022-20071783 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-34200469 | |
| 31-12-2019 | micro format | 08-07-2020 | 2020-27100469 | |
| 31-12-2018 | micro format | 16-05-2019 | 2019-13200340 | |
| 31-12-2017 | micro format | 07-05-2018 | 2018-12200242 | |
| 31-12-2016 | abbreviated format | 03-05-2017 | 2017-11000099 |