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HOBO

Active
Non-profit associationfounded 199234 yrs activeKogelstraat 24, 1000 Brussel, BelgiumKBO/BCE: BE 0447.445.261
Summary

HOBO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37,184 and a net result of €195. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 10% of 622 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability38=
Solvency37▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 14.0 against 8.41 in 2023; short-term debt: 6.6% and cash: 15.3% of total assets), but 87.9% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 34 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
12.1%
Return on assets
0.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 622 sector peers (2024).
NBB · sector comparison
Position among 622 sector peers
Solvency
better than 10%
← weakest strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 d early
2024
4 d late
2023
41 d early
2022
62 d early
2021
32 d early
2020
39 d late
2019
83 d late
← 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 6 days before the deadline; the sector median for financial year 2024 is 24 days before the deadline, and 25% 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 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HOBO was incorporated on 11 February 1992.1 Total assets rose from EUR 130,598 in 2019 to EUR 308,178 in 2024 and headcount from 6.4 to 13.4 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€37,184▲ 0.5%
2023 · €36,990
Total assets
€308,178▲ 18.3%
2023 · €260,466
Net result
€195▲ 10.7%
2023 · €176
Working capital
€263,307▲ 29.0%
2023 · €204,131
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, 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€42-€523€641€174▼ 72.8%€195▲ 11.7%
Net result€42below the sector's middle half▼ 98.0%-€523within the sector's middle half€641within the sector's middle half€176within the sector's middle half▼ 72.6%€195below the sector's middle half▲ 10.7%
Equity€36,696below the sector's middle half▲ 0.1%€36,173within the sector's middle half▼ 1.4%€36,814below the sector's middle half▲ 1.8%€36,990below the sector's middle half▲ 0.5%€37,184below the sector's middle half▲ 0.5%
Total assets€240,765below the sector's middle half▲ 84.4%€229,728within the sector's middle half▼ 4.6%€200,925below the sector's middle half▼ 12.5%€260,466below the sector's middle half▲ 29.6%€308,178below the sector's middle half▲ 18.3%
Debt€173,328▲ 137%€180,999▲ 4.4%€155,740▼ 14.0%€192,454▲ 23.6%€186,680▼ 3.0%
Working capital€151,523within the sector's middle half▲ 168%€121,135within the sector's middle half▼ 20.1%€138,288below the sector's middle half▲ 14.2%€204,131within the sector's middle half▲ 47.6%€263,307within the sector's middle half▲ 29.0%
Solvency15.2%below the sector's middle half▼ 12.8pp15.7%within the sector's middle half▲ 0.5pp18.3%below the sector's middle half▲ 2.6pp14.2%below the sector's middle half▼ 4.1pp12.1%below the sector's middle half▼ 2.1pp
Current ratio3.32within the sector's middle half▲ 1.092.36within the sector's middle half▼ 0.964.39above the sector's middle half▲ 2.038.41above the sector's middle half▲ 4.0214.00above the sector's middle half▲ 5.59
Return on assets (ROA)0.0%below the sector's middle half▼ 1.6pp-0.2%within the sector's middle half▼ 0.2pp0.3%within the sector's middle half▲ 0.5pp0.1%within the sector's middle half▼ 0.3pp0.1%below the sector's middle half=
Staff (FTE)9.3below the sector's middle half▲ 45.3%9.4▲ 1.1%11.5below the sector's middle half▲ 22.3%12.3below the sector's middle half▲ 7.0%13.4below the sector's middle half▲ 8.9%
above within below the middle half (P25 to P75) of NACE 88, Social work activities without accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€1,000-€500€0€500Operating result 2020: €42€42Net result 2020: €42€42Operating result 2021: -€523-€523Net result 2021: -€523-€523Operating result 2022: €641€641Net result 2022: €641€641Operating result 2023: €174€174Net result 2023: €176€176Operating result 2024: €195€195Net result 2024: €195€19520202021202220232024€0€200€400€600Operating result 2022: €641€641Net result 2022: €641€641Operating result 2023: €174€174Net result 2023: €176€176Operating result 2024: €195€195Net result 2024: €195€195202220232024
The operating result recovers in 2024; 2024 is 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €308,178
Fixed assets €24,616 ▼ 14.5%
Current assets €283,562 ▲ 22.4%
Equity and liabilities €308,178
Equity €37,184 ▲ 0.5%
Provisions €84,313 ▲ 172%
Debt €186,680 ▼ 3.0%
Debt's share of the balance-sheet total falls from 73.9% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€4,380▲
2023 · €4,359
Cash flow
€4,380▲
2023 · €4,361
Debt to equity
5.02▼
2023 · 5.20
ROE
0.5%▲
2023 · 0.5%
Debt ≤ 1 year
€20,255▼
2023 · €27,535
Staff costs
€823,101▲
2023 · €708,952
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.0% stopped otherwise
97% still going

For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 4,681 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€260,466€308,178▲
Fixed assets21/28€28,801€24,616▼
Tangible fixed assets22/27€4,185€0▼
Leasing and similar rights25€4,185€0▼
Financial fixed assets28€24,616€24,616=
Current assets29/58€231,665€283,562▲
Amounts receivable within one year40/41€43,538€69,801▲
Trade receivables40€43,538€69,801▲
Cash at bank and in hand54/58€116,265€47,053▼
Deferred charges and accrued income490/1€71,862€166,708▲
Equity and liabilities
Total equity and liabilities10/49€260,466€308,178▲
Equity10/15€36,990€37,184▲
Reserves13€35,506€35,506=
Profit (loss) carried forward14€1,484€1,679▲
Provisions and deferred taxes16€31,022€84,313▲
Provisions for liabilities and charges160/5€31,022€84,313▲
Major repairs and maintenance162€4,185€0▼
Other liabilities and charges164/5€26,837€84,313▲
Amounts payable17/49€192,454€186,680▼
Amounts payable within one year42/48€27,535€20,255▼
Trade debts44€22,927€15,647▼
Suppliers440/4€22,927€15,647▼
Taxes, remuneration and social security45€4,608€4,608=
Remuneration and social security454/9€4,608€4,608=
Accrued charges and deferred income492/3€164,919€166,425▲
Income statement Code20232024
Non-recurring operating income76A€13,120€4,235▼
Goods, raw materials, services and sundry goods60/61€115,332€129,896▲
Remuneration, social security and pensions62€708,952€823,101▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,185€4,185=
Other operating charges640/8€2,154€73▼
Gross operating margin9900€742,303€885,031▲
Operating profit (loss)9901€174€195▲
Financial income75/76B€2-
Recurring financial income75€2-
Profit (loss) for the period before taxes9903€176€195▲
Profit (loss) for the period9904€176€195▲
Profit (loss) for the period to be appropriated9905€176€195▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,484€1,679▲
Profit (loss) brought forward from the previous period14P€1,308€1,484▲
Social balance
Average headcount (FTE)908712.313.4▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A-€4,940€4,324€13,120€4,235▼ 67.7%
Goods, raw materials, services and sundry goods60/61-€99,183€116,168€115,332€129,896▲ 12.6%
Remuneration, social security and pensions62-€453,611€655,494€708,952€823,101▲ 16.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,186€4,185€4,185€4,185€4,185=
Other operating charges640/8---€2,154€73▼ 96.6%
Non-recurring operating charges66A-€73----
Gross operating margin9900€381,711€443,346€660,320€742,303€885,031▲ 19.2%
Operating profit (loss)9901€42-€523€641€174€195▲ 11.7%
Financial income75/76B---€2--
Recurring financial income75---€2--
Profit (loss) for the period before taxes9903€42-€523€641€176€195▲ 10.7%
Profit (loss) for the period9904€42-€523€641€176€195▲ 10.7%
Profit (loss) for the period to be appropriated9905€42-€523€641€176€195▲ 10.7%
Line20202021202220232024Change
Assets
Total assets20/58€240,765€229,728€200,925€260,466€308,178▲ 18.3%
Fixed assets21/28€23,992€19,808€21,866€28,801€24,616▼ 14.5%
Tangible fixed assets22/27€16,741€12,556€8,371€4,185€0▼ 100%
Leasing and similar rights25-€12,556€8,371€4,185€0▼ 100%
Financial fixed assets28€7,251€7,252€13,495€24,616€24,616=
Current assets29/58€216,773€209,920€179,059€231,665€283,562▲ 22.4%
Amounts receivable within one year40/41€13,468€30,636€42,940€43,538€69,801▲ 60.3%
Trade receivables40-€30,636€42,940€43,538€69,801▲ 60.3%
Cash at bank and in hand54/58€125,856€133,662€117,755€116,265€47,053▼ 59.5%
Deferred charges and accrued income490/1-€45,621€18,364€71,862€166,708▲ 132%
Equity and liabilities
Total equity and liabilities10/49€240,765€229,728€200,925€260,466€308,178▲ 18.3%
Equity10/15€36,696€36,173€36,814€36,990€37,184▲ 0.5%
Reserves13-€35,506€35,506€35,506€35,506=
Profit (loss) carried forward14€1,190€667€1,308€1,484€1,679▲ 13.1%
Provisions and deferred taxes16€30,741€12,556€8,371€31,022€84,313▲ 172%
Provisions for liabilities and charges160/5-€12,556€8,371€31,022€84,313▲ 172%
Major repairs and maintenance162-€12,556€8,371€4,185€0▼ 100%
Other liabilities and charges164/5---€26,837€84,313▲ 214%
Amounts payable17/49€173,328€180,999€155,740€192,454€186,680▼ 3.0%
Amounts payable within one year42/48€65,250€88,785€40,771€27,535€20,255▼ 26.4%
Trade debts44€60,642€84,177€36,163€22,927€15,647▼ 31.8%
Suppliers440/4-€84,177€36,163€22,927€15,647▼ 31.8%
Taxes, remuneration and social security45-€4,608€4,608€4,608€4,608=
Remuneration and social security454/9-€4,608€4,608€4,608€4,608=
Accrued charges and deferred income492/3-€92,214€114,969€164,919€166,425▲ 0.9%
Line20202021202220232024Change
Profit (loss) for the period9904€42-€523€641€176€195▲ 10.7%
+ Depreciation and write-downs630€4,186€4,185€4,185€4,185€4,185=
Operating cash flow (approximation)€4,228€3,662€4,826€4,361€4,380▲ 0.4%
Investment in fixed assets (approximation)--€1-€6,244-€11,121€0▲ 100%
Change in cash-€7,806-€15,907-€1,490-€69,212▼ 4,546%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
04-08
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
20-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €641
Net result €641 after one loss-making year.
29-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€523
Net result drops to -€523, the lowest in the series; recovery starts the following year.
08-09
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 39 days late
2020
22-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2010
02-06
NBB filing Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
19-08
NBB filing Annual accounts filed
fiscal year 2008 · abbreviated schema · 19 days late
2008
22-05
NBB filing Annual accounts filed
fiscal year 2007 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 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
9 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, Brussel · 3 establishment units since 2006
seat establishment All 3 establishment units on the map
Ground area
1,412 m²
Building footprint
942 m²
Volume, LiDAR
12,739 m³
3 parcels, Brussels · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
3 establishment units
HOBO-GEINTEGREERDE THUISLOZENZORG BRUSSEL vzw
Kogelstraat 24, 1000 BrusselSocial work activities without accommodation
since 20062.156.429.269
Hobo - kartuizerstraat 69
Kartuizersstraat 69b, 1000 BrusselSocial work activities without accommodation
since 20152.336.974.775
Hobo kogelstraat 18
Kogelstraat 18, 1000 BrusselSocial work activities without accommodation
since 20232.336.974.181
3 parcels
Brussels 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21811M1360/00M000 Brussels 655 m² 1 · 255 m² 18.1 m · 5 fl.
21811M1344/00N000 Brussels 457 m² 1 · 512 m² 20.9 m · 6 fl.
21811M1361/00F000 Brussels 300 m² 1 · 175 m² 16.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Federal government

2024 · 1 entry · 159,046 EUR in total
Year Department Transactions Amount
2024 FOD Beleid & Ondersteuning 1 159,046 EUR

Similar companies · same sector, comparable size

Of 409 companies in sector 88994 we hold annual accounts for 153. 95 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formNon-profit association
Founded11-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
88994Social work activities without accommodation
Contact
E-mail contact@hobo.brussels
Phone 02/486.45.10
Phone 02/514.26.93
E-invoicing
Reachable via Peppol
Peppol ID 0208:0447445261
Also 9925:BE0447445261
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.