HODUCE
ActiveHODUCE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.46M and a net result of €50k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 6.92 against 13.2 in 2024; short-term debt: 2.2% and cash: 12.7% of total assets), and 23.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
76.4%
Return on assets
2.6%
Age of the figures
9 mo
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
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
28 d early
2023
30 d late
2022
11 d early
2021
43 d early
2020
9 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.46M▲ 3.6%
2024 · €1.41M
2018: €1.15M
2019: €1.18M
2020: €1.22M
2021: €1.25M
2022: €1.29M
2023: €1.35M
2024: €1.41M
2018 → 2025
Total assets
€1.91M▲ 20.6%
2024 · €1.58M
2018: €1.17M
2019: €1.20M
2020: €1.24M
2021: €1.26M
2022: €1.48M
2023: €1.53M
2024: €1.58M
2018 → 2025
Net result
€50k▼ 16.2%
2024 · €60k
2018: €29k
2019: €28k
2020: €36k
2021: €39k
2022: €40k
2023: €51k
2024: €60k
2018 → 2025
Working capital
€246k▼ 43.7%
2024 · €437k
2018: €95k
2019: €153k
2020: €297k
2021: €365k
2022: €318k
2023: €358k
2024: €437k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.25M-€1.29M▲ 3.2%€1.35M▲ 3.9%€1.41M▲ 4.4%€1.46M▲ 3.6%
Operating result€53k-€55k▲ 4.6%€69k▲ 24.8%€73k▲ 6.4%€74k▲ 0.9%
Net result€39k-€40k▲ 2.8%€51k▲ 26.1%€60k▲ 17.3%€50k▼ 16.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.91M
Fixed assets
€1.62M▲ 46.1%
Current assets
€288k▼ 39.2%
Equity and liabilities €1.91M
Equity
€1.46M▲ 3.6%
Debt
€450k▲ 158%
The debt ratio rises from 11.0% to 23.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€129k▲
2024 · €111k
Cash flow
€105k▲
2024 · €97k
Solvency
76.4%▼
2024 · 89.0%
Current ratio
6.92▼
2024 · 13.20
Quick ratio
6.92▼
2024 · 13.20
Debt / equity
0.31▲
2024 · 0.12
ROE
3.4%▼
2024 · 4.3%
ROA
2.6%▼
2024 · 3.8%
Interest coverage
14.13▼
2024 · 26.24
Debt
€450k▲
2024 · €175k
Debt ≤ 1 year
€42k▲
2024 · €36k
Debt > 1 year
€407k▲
2024 · €138k
Income taxes
€17k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.91M▲
Fixed assets21/28€1.11M€1.62M▲
Tangible fixed assets22/27€1.11M€1.62M▲
Land and buildings22€1.11M€1.62M▲
Current assets29/58€473k€288k▼
Amounts receivable within one year40/41€17k€5k▼
Trade receivables40€1k€228▼
Other amounts receivable41€16k€4k▼
Current investments50/53-€40k
Cash at bank and in hand54/58€455k€242k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.91M▲
Equity10/15€1.41M€1.46M▲
Contributions10/11€745k€745k=
Reserves13€600k€700k▲
Distributable reserves133€600k€700k▲
Profit (loss) carried forward14€61k€11k▼
Amounts payable17/49€175k€450k▲
Amounts payable after more than one year17€138k€407k▲
Financial debts170/4€138k€407k▲
Amounts payable within one year42/48€36k€42k▲
Current portion of amounts payable after more than one year42€14k€35k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Advances received on contracts in progress46€3k€4k▲
Taxes, remuneration and social security45€18k€739▼
Taxes450/3€18k€739▼
Accrued charges and deferred income492/3€880€934▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€55k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€121k€140k▲
Operating profit (loss)9901€73k€74k▲
Financial income75/76B€11k€2k▼
Recurring financial income75€11k€2k▼
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€80k€67k▼
Income taxes67/77€20k€17k▼
Profit (loss) for the period9904€60k€50k▼
Profit (loss) for the period to be appropriated9905€60k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€135k€111k▼
Profit (loss) brought forward from the previous period14P€75k€61k▼
Transfer to equity691/2€74k€100k▲
To other reserves6921€74k€100k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €60k ▲17.3%
Net result €60k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 61.76
Current ratio from 15.17 to 61.76; short-term debt falls from €21k to €6k.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €28k ▼0.9%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
11-01-2024
HONOREZ Cedric: Resigned as Manager
11-01-2024
HONOREZ Marc: Resigned as Manager
Location & real-estate footprint
Registered office, Tienen
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuvenselaan 323300 TienenGround area
847 m²
Building footprint
269 m²
Volume, LiDAR
2,190 m³
Parcel 24592F0101/00E003, Flanders · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592F0101/00E003 | Flanders | 847 m² | 1 · 269 m² | 15.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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LA PAIX DIEU
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MASIM
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SAFINCO
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,883 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-2006
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.