HOBO
ActiveSummary
HOBO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €873,163 and a net result of €384,048. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 27% of 258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-2
Solvency42▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.18 in 2024; short-term debt: 80% and cash: 51.7% of total assets), and 82.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% more 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 2025Solvency, return and age of the figures
Solvency
17.1%
Return on assets
7.5%
Age of the figures
9 mo
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
42 d early
2023
54 d early
2022
35 d early
2021
34 d early
2020
9 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 employer in Flemish Brabant, Travel agencies sector#10 company by total assets in Flemish Brabant, Travel agencies sector
Equity
€873,163▼ 1.8%
2024 · €889,115
Total assets
€5.1m▼ 12.9%
2024 · €5.9m
Net result
€384,048▼ 25.9%
2024 · €518,356
Working capital
€753,384▼ 14.0%
2024 · €875,717
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€39,577€709,092▲ 1,692%€1.1m▲ 49.1%€768,720▼ 27.3%€571,062▼ 25.7%
Net result€33,493within the sector's middle half€676,819above the sector's middle half▲ 1,921%€585,666above the sector's middle half▼ 13.5%€518,356above the sector's middle half▼ 11.5%€384,048above the sector's middle half▼ 25.9%
Equity€825,274above the sector's middle half▲ 4.2%€1.5mabove the sector's middle half▲ 76.3%€2.0mabove the sector's middle half▲ 40.2%€889,115above the sector's middle half▼ 56.4%€873,163above the sector's middle half▼ 1.8%
Total assets€2.5mabove the sector's middle half▼ 25.4%€3.5mabove the sector's middle half▲ 37.6%€5.0mabove the sector's middle half▲ 43.9%€5.9mabove the sector's middle half▲ 18.1%€5.1mabove the sector's middle half▼ 12.9%
Debt€1.7m▼ 34.5%€2.0m▲ 18.6%€2.9m▲ 46.5%€5.0m▲ 70.1%€4.2m▼ 14.9%
Working capital€800,466above the sector's middle half▲ 5.8%€1.4mabove the sector's middle half▲ 77.2%€2.0mabove the sector's middle half▲ 42.0%€875,717above the sector's middle half▼ 56.5%€753,384above the sector's middle half▼ 14.0%
Solvency32.9%within the sector's middle half▲ 9.3pp42.1%within the sector's middle half▲ 9.3pp41.1%within the sector's middle half▼ 1.1pp15.1%below the sector's middle half▼ 25.9pp17.1%within the sector's middle half▲ 1.9pp
Current ratio1.48within the sector's middle half▲ 0.181.71within the sector's middle half▲ 0.231.69within the sector's middle half▼ 0.021.18within the sector's middle half▼ 0.511.18below the sector's middle half▲ 0.01
Return on assets (ROA)1.3%within the sector's middle half▲ 9.3pp19.6%above the sector's middle half▲ 18.3pp11.8%above the sector's middle half▼ 7.8pp8.8%within the sector's middle half▼ 3.0pp7.5%within the sector's middle half▼ 1.3pp
Staff (FTE)4within the sector's middle half▼ 13.0%2.9within the sector's middle half▼ 27.5%4.6within the sector's middle half▲ 58.6%6.9within the sector's middle half▲ 50.0%8.5above the sector's middle half▲ 23.2%
above
within
below
the middle half (P25 to P75) of NACE 79, Travel agency, tour operator and other reservation service and related 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 has fallen two years in a row; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€267,946 ▲ 923%
Current assets
€4.8m ▼ 17.1%
Equity and liabilities €5.1m
Equity
€873,163 ▼ 1.8%
Debt
€4.2m ▼ 14.9%
Debt's share of the balance-sheet total falls from 84.9% to 82.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€616,300▼
2024 · €780,561
Cash flow
€429,286▼
2024 · €530,198
Debt to equity
4.86▼
2024 · 5.61
ROE
44.0%▼
2024 · 58.3%
Interest coverage
6.03▼
2024 · 8.60
Debt ≤ 1 year
€4.1m▼
2024 · €5.0m
Income taxes
€165,351▼
2024 · €200,000
Staff costs
€456,677▲
2024 · €370,515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,818 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €75,375 | €45,973 | ▼ 39.0% |
| Remuneration, social security and pensions62 | €150,626 | €133,646 | €228,860 | €370,515 | €456,677 | ▲ 23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,860 | €15,529 | €18,144 | €11,842 | €45,238 | ▲ 282% |
| Other operating charges640/8 | €2,045 | €1,667 | €2,091 | €17,093 | €7,132 | ▼ 58.3% |
| Non-recurring operating charges66A | - | - | - | €83,380 | €39,083 | ▼ 53.1% |
| Gross operating margin9900 | €202,108 | €859,934 | €1.3m | €1.3m | €1.1m | ▼ 10.6% |
| Operating profit (loss)9901 | €39,577 | €709,092 | €1.1m | €768,720 | €571,062 | ▼ 25.7% |
| Financial income75/76B | €202 | €904 | €1,106 | €40,415 | €80,585 | ▲ 99.4% |
| Recurring financial income75 | €202 | €904 | €1,106 | €40,415 | €80,585 | ▲ 99.4% |
| Financial charges65/66B | €5,380 | €17,908 | €41,004 | €90,778 | €102,249 | ▲ 12.6% |
| Recurring financial charges65 | €5,380 | €17,908 | €41,004 | €90,778 | €102,249 | ▲ 12.6% |
| Profit (loss) for the period before taxes9903 | €34,399 | €692,088 | €1.0m | €718,356 | €549,399 | ▼ 23.5% |
| Income taxes67/77 | €906 | €15,269 | €431,362 | €200,000 | €165,351 | ▼ 17.3% |
| Profit (loss) for the period9904 | €33,493 | €676,819 | €585,666 | €518,356 | €384,048 | ▼ 25.9% |
| Profit (loss) for the period to be appropriated9905 | €33,493 | €676,819 | €585,666 | €518,356 | €384,048 | ▼ 25.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €3.5m | €5.0m | €5.9m | €5.1m | ▼ 12.9% |
| Fixed assets21/28 | €28,433 | €39,925 | €28,341 | €26,195 | €267,946 | ▲ 923% |
| Intangible fixed assets21 | €0 | - | - | - | €108,968 | - |
| Tangible fixed assets22/27 | €28,148 | €39,640 | €28,056 | €25,910 | €158,693 | ▲ 512% |
| Plant, machinery and equipment23 | €32 | - | - | - | €66,028 | - |
| Furniture and vehicles24 | €28,116 | €39,640 | €28,056 | €11,569 | €43,598 | ▲ 277% |
| Other tangible fixed assets26 | - | - | - | €14,341 | €49,066 | ▲ 242% |
| Financial fixed assets28 | €285 | €285 | €285 | €285 | €285 | = |
| Current assets29/58 | €2.5m | €3.4m | €4.9m | €5.8m | €4.8m | ▼ 17.1% |
| Amounts receivable within one year40/41 | €333,176 | €555,242 | €650,049 | €1.5m | €1.4m | ▼ 2.1% |
| Trade receivables40 | €325,711 | €536,491 | €649,849 | €1.3m | €1.3m | ▼ 6.3% |
| Other amounts receivable41 | €7,465 | €18,751 | €200 | €110,174 | €164,048 | ▲ 48.9% |
| Current investments50/53 | - | - | - | €2.1m | €700,000 | ▼ 66.7% |
| Cash at bank and in hand54/58 | €2.1m | €2.9m | €4.3m | €2.3m | €2.6m | ▲ 15.8% |
| Deferred charges and accrued income490/1 | - | - | - | €5,288 | €75,424 | ▲ 1,326% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €3.5m | €5.0m | €5.9m | €5.1m | ▼ 12.9% |
| Equity10/15 | €825,274 | €1.5m | €2.0m | €889,115 | €873,163 | ▼ 1.8% |
| Contributions10/11 | €32,750 | €32,750 | €32,750 | €32,750 | €32,750 | = |
| Reserves13 | €1.0m | €792,523 | €1.4m | €856,365 | €840,413 | ▼ 1.9% |
| Non-distributable reserves130/1 | €3,275 | €3,275 | - | - | - | - |
| Reserves not available under the articles1311 | €3,275 | €3,275 | - | - | - | - |
| Distributable reserves133 | €1.0m | €789,248 | €1.4m | €856,365 | €840,413 | ▼ 1.9% |
| Profit (loss) carried forward14 | -€235,459 | €629,819 | €585,666 | €0 | €0 | - |
| Amounts payable17/49 | €1.7m | €2.0m | €2.9m | €5.0m | €4.2m | ▼ 14.9% |
| Amounts payable within one year42/48 | €1.7m | €2.0m | €2.9m | €5.0m | €4.1m | ▼ 17.6% |
| Trade debts44 | €59,572 | €5,523 | €214,392 | €518,678 | €122,159 | ▼ 76.4% |
| Suppliers440/4 | €59,572 | €5,523 | €214,392 | €518,678 | €122,159 | ▼ 76.4% |
| Advances received on contracts in progress46 | €1.6m | €1.9m | €2.4m | €2.7m | €3.9m | ▲ 45.7% |
| Taxes, remuneration and social security45 | €11,160 | €8,967 | €326,246 | €316,037 | €87,591 | ▼ 72.3% |
| Taxes450/3 | €4,600 | €3,744 | €286,698 | €285,976 | €12,793 | ▼ 95.5% |
| Remuneration and social security454/9 | €6,560 | €5,223 | €39,548 | €30,061 | €74,798 | ▲ 149% |
| Other amounts payable47/48 | - | €47,000 | €3,630 | €1.5m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €3,625 | €3,000 | €1,000 | €12,798 | €148,167 | ▲ 1,058% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,493 | €676,819 | €585,666 | €518,356 | €384,048 | ▼ 25.9% |
| + Depreciation and write-downs630 | €9,860 | €15,529 | €18,144 | €11,842 | €45,238 | ▲ 282% |
| Operating cash flow (approximation) | €43,353 | €692,348 | €603,810 | €530,198 | €429,286 | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | -€27,021 | -€6,560 | -€9,696 | -€286,989 | ▼ 2,860% |
| Change in cash | - | €710,199 | €1.4m | -€2.0m | €360,766 | ▲ 118% |
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
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
05-05
State Gazette act
Appointment: Mad Men B.V. (director)Permanent representative: Wim Vernaeve · Power of attorney10 facts ▸
State Gazette act
Appointment: Mad Men B.V. (director)
Permanent representative: Wim Vernaeve · Power of attorney10 facts ▸
- General meeting, 02-06-2025
- Director appointment, Mad Men B.V. (director)
- Permanent representative, Wim Vernaeve (permanent representative)
- Power of attorney, PKF Bofidi Accountants & Advisers BV
- Power of attorney, Lindsey Schamp
- Power of attorney, Lisa Kennis
- Power of attorney, Sylvia Vanbeveren
- Power of attorney, Eva Thielemans
- Power of attorney, Ellen Carlier
- Power of attorney, Tine Talpe
04-05
State Gazette act
Appointments: Eerste Klas BV (director) and Arcadia Group Travel BV (director)10 facts ▸
State Gazette act
Appointments: Eerste Klas BV (director) and Arcadia Group Travel BV (director)
10 facts ▸
- General meeting, 19-03-2026
- Director appointment, Eerste Klas BV (director)
- Director appointment, Arcadia Group Travel BV (director)
- Board composition, Green Park Investment Partners BV (director)
- Board composition, Tamodi B.V. (director)
- Board composition, Mad Men BV (director)
- Board composition, Eerste Klas BV (director)
- Board composition, Arcadia Group Travel BV (director)
- Board meeting, 19-03-2026
- Director appointment, Eerste Klas BV (managing director)
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €2mEq €2.0m ▲40.2%
3 profitable years in a row build equity to €2.0m.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1mEq €1.5m ▲76.3%
2 profitable years in a row build equity to €1.5m.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €33,493
Net result €33,493 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€268,952
Net result drops to -€268,952, the lowest in the series; recovery starts the following year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.1m ▲9%
2 profitable years in a row build equity to €1.1m.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 directors, 1 in day-to-day management, last change in 2026
Board 3
Mad Men B.V.
CurrentDirector · since 02-06-2025 · Legal entity · perm. rep.: Wim Vernaeve
Arcadia Group Travel
CurrentDirector · since 19-03-2026 · Private limited company · perm. rep.: Michiel Hermans
EERSTE KLAS
CurrentDirector · since 19-03-2026 · Private limited company · perm. rep.: Philip Hermans
Day-to-day management 1
EERSTE KLAS
CurrentManaging director · since 19-03-2026 · Private limited company · perm. rep.: Philip Hermans
Permanent representatives 3
Wim Vernaeve
CurrentPermanent representative · since 02-06-2025 · for Mad Men B.V.
Michiel Hermans
CurrentPermanent representative · since 19-03-2026 · for Arcadia Group Travel
Philip Hermans
CurrentPermanent representative · since 19-03-2026 · for EERSTE KLAS
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 1988
Ground area
510 m²
Building footprint
354 m²
Volume, LiDAR
4,569 m³
Parcel 24062H0036/00V011, Flanders · tallest building 27.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HOBO REIZEN
since 19882.041.295.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062H0036/00V011 | Flanders | 510 m² | 1 · 354 m² | 27.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2025, 3 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Mad Men B.V. |
|
| Arcadia Group Travel |
|
| EERSTE KLAS |
|
Articles of association
Power of attorney
Olivier Cockx
Wout Hooyberghs
Matteo De Grauwe
1 more provision on this in the deed
Structure & network
Owners and holdings
1 ownerChain of control
- Arcadia Group Travel
- HOBO
Highest known parent: Arcadia Group Travel. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 92,178 EUR awarded · 92,178 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,743 EUR | 3,743 EUR |
| 2023 | 1 | 2,100 EUR | 2,100 EUR |
| 2022 | 1 | 86,335 EUR | 86,335 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
5493007R6O7FV5S7V656
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Company details
Identification
Legal formPrivate limited company
Founded27-09-1988
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435417756
Also
9925:BE0435417756
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.