Hoevezicht
ActiveSummary
Hoevezicht has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354k and a net result of €124k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 3136 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+2
Solvency56▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 0.99 in 2024; short-term debt: 25% and cash: 13.9% of total assets), and 68.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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 2025Solvency, return and age of the figures
Solvency
31.3%
Return on assets
11%
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
11 d early
2023
22 d late
2022
5 d early
2021
15 d early
2020
33 d early
2019
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€354k▲ 53.0%
2024 · €231k
2018: €108k
2019: €74k▼ -31.5% vs 2018
2020: €25k▼ -65.8% vs 2019lowest in 8 years
2021: €28k▲ +9.3% vs 2020
2022: €101k▲ +265% vs 2021
2023: €141k▲ +39.7% vs 2022
2024: €231k▲ +64.1% vs 2023
2025: €354k▲ +53.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.13M▲ 6.5%
2024 · €1.06M
2018: €608klowest in 8 years
2019: €916k▲ +50.7% vs 2018
2020: €840k▼ -8.3% vs 2019
2021: €824k▼ -1.8% vs 2020
2022: €814k▼ -1.2% vs 2021
2023: €956k▲ +17.5% vs 2022
2024: €1.06M▲ +11.1% vs 2023
2025: €1.13M▲ +6.5% vs 2024highest in 8 years
2018 → 2025
Net result
€124k▲ 35.1%
2024 · €92k
2018: €227
2019: €-34k▼ -15093% vs 2018
2020: €-49k▼ -43.1% vs 2019lowest in 8 years
2021: €2k▲ +105% vs 2020
2022: €75k▲ +3090% vs 2021
2023: €44k▼ -41.7% vs 2022
2024: €92k▲ +111% vs 2023
2025: €124k▲ +35.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€72k
2024 · €-1k
2018: €-74k
2019: €-76k▼ -2.6% vs 2018
2020: €-91k▼ -19.2% vs 2019
2021: €-99k▼ -8.4% vs 2020lowest in 8 years
2022: €-34k▲ +65.9% vs 2021
2023: €-40k▼ -17.9% vs 2022
2024: €-1k▲ +96.5% vs 2023
2025: €72k▲ +5274% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€101k▲ 265%€141k▲ 39.7%€231k▲ 64.1%€354k▲ 53.0%
2021: €28klowest in 5 years
2022: €101k▲ +265% vs 2021
2023: €141k▲ +39.7% vs 2022
2024: €231k▲ +64.1% vs 2023
2025: €354k▲ +53.0% vs 2024highest in 5 years
Operating result€21k-€93k▲ 354%€71k▼ 24.1%€149k▲ 110%€194k▲ 30.3%
2021: €21klowest in 5 years
2022: €93k▲ +354% vs 2021
2023: €71k▼ -24.1% vs 2022
2024: €149k▲ +110% vs 2023
2025: €194k▲ +30.3% vs 2024highest in 5 years
Net result€2k-€75k▲ 3,090%€44k▼ 41.7%€92k▲ 111%€124k▲ 35.1%
2021: €2klowest in 5 years
2022: €75k▲ +3090% vs 2021
2023: €44k▼ -41.7% vs 2022
2024: €92k▲ +111% vs 2023
2025: €124k▲ +35.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€776k ▼ 3.8%
Current assets
€355k ▲ 39.3%
Equity and liabilities €1.13M
Equity
€354k ▲ 53.0%
Debt
€778k ▼ 6.4%
Debt's share of the balance-sheet total falls from 78.2% to 68.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€265k▲
2024 · €211k
Cash flow
€195k▲
2024 · €154k
Current ratio
1.26▲
2024 · 0.99
Quick ratio
1.24▲
2024 · 0.71
Debt to equity
2.20▼
2024 · 3.60
ROE
35.1%▼
2024 · 39.8%
ROA
11.0%▲
2024 · 8.7%
Interest coverage
12.84▲
2024 · 9.23
Debt ≤ 1 year
€282k▲
2024 · €256k
Debt > 1 year
€491k▼
2024 · €573k
Income taxes
€51k▲
2024 · €34k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€1.13M▲
Fixed assets21/28€807k€776k▼
Tangible fixed assets22/27€807k€776k▼
Land and buildings22€666k€620k▼
Plant, machinery and equipment23€129k€129k=
Furniture and vehicles24€12k€27k▲
Current assets29/58€255k€355k▲
Stocks and contracts in progress3€74k€4k▼
Stocks30/36€74k€4k▼
Amounts receivable within one year40/41€77k€189k▲
Trade receivables40€65k€176k▲
Other amounts receivable41€12k€14k▲
Cash at bank and in hand54/58€94k€157k▲
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.13M▲
Equity10/15€231k€354k▲
Contributions10/11€69k€69k=
Reserves13€163k€285k▲
Tax-exempt reserves132€63k€105k▲
Distributable reserves133€99k€180k▲
Amounts payable17/49€831k€778k▼
Amounts payable after more than one year17€573k€491k▼
Financial debts170/4€573k€491k▼
Amounts payable within one year42/48€256k€282k▲
Current portion of amounts payable after more than one year42€84k€82k▼
Trade debts44€64k€85k▲
Suppliers440/4€64k€85k▲
Advances received on contracts in progress46€74k€66k▼
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€12k€7k▼
Other amounts payable47/48€23k€42k▲
Accrued charges and deferred income492/3€1k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€71k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€219k€273k▲
Operating profit (loss)9901€149k€194k▲
Financial income75/76B€173€1k▲
Recurring financial income75€173€1k▲
Financial charges65/66B€23k€21k▼
Recurring financial charges65€23k€21k▼
Profit (loss) for the period before taxes9903€126k€175k▲
Income taxes67/77€34k€51k▲
Profit (loss) for the period9904€92k€124k▲
Transfer to tax-exempt reserves689€63k€42k▼
Profit (loss) for the period to be appropriated9905€29k€82k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€82k▲
Transfer from equity791/2€2k€2k=
Transfer to equity691/2€29k€82k▲
To other reserves6921€29k€82k▲
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62k | €55k | €52k | €62k | €71k | ▲ 13.8% |
| Other operating charges640/8 | €6k | €6k | €7k | €7k | €8k | ▲ 12.5% |
| Gross operating margin9900 | €89k | €155k | €130k | €219k | €273k | ▲ 25.0% |
| Operating profit (loss)9901 | €21k | €93k | €71k | €149k | €194k | ▲ 30.3% |
| Financial income75/76B | - | €444 | €23 | €173 | €1k | ▲ 588% |
| Recurring financial income75 | - | €444 | €23 | €173 | €1k | ▲ 588% |
| Financial charges65/66B | €18k | €16k | €18k | €23k | €21k | ▼ 9.8% |
| Recurring financial charges65 | €18k | €16k | €18k | €23k | €21k | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €2k | €77k | €52k | €126k | €175k | ▲ 38.4% |
| Income taxes67/77 | - | €3k | €9k | €34k | €51k | ▲ 47.1% |
| Profit (loss) for the period9904 | €2k | €75k | €44k | €92k | €124k | ▲ 35.1% |
| Transfer to tax-exempt reserves689 | - | - | - | €63k | €42k | ▼ 33.3% |
| Profit (loss) for the period to be appropriated9905 | €2k | €75k | €44k | €29k | €82k | ▲ 185% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €824k | €814k | €956k | €1.06M | €1.13M | ▲ 6.5% |
| Fixed assets21/28 | €687k | €628k | €768k | €807k | €776k | ▼ 3.8% |
| Tangible fixed assets22/27 | €687k | €628k | €768k | €807k | €776k | ▼ 3.8% |
| Land and buildings22 | €576k | €533k | €643k | €666k | €620k | ▼ 6.9% |
| Plant, machinery and equipment23 | €100k | €89k | €117k | €129k | €129k | = |
| Furniture and vehicles24 | €11k | €6k | €9k | €12k | €27k | ▲ 127% |
| Current assets29/58 | €137k | €186k | €188k | €255k | €355k | ▲ 39.3% |
| Stocks and contracts in progress3 | €62k | €59k | €68k | €74k | €4k | ▼ 94.7% |
| Stocks30/36 | €62k | €59k | €68k | €74k | €4k | ▼ 94.7% |
| Amounts receivable within one year40/41 | €44k | €62k | €67k | €77k | €189k | ▲ 145% |
| Trade receivables40 | €41k | €45k | €48k | €65k | €176k | ▲ 168% |
| Other amounts receivable41 | €3k | €17k | €19k | €12k | €14k | ▲ 17.4% |
| Cash at bank and in hand54/58 | €26k | €60k | €49k | €94k | €157k | ▲ 66.9% |
| Deferred charges and accrued income490/1 | €4k | €5k | €4k | €9k | €4k | ▼ 55.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €824k | €814k | €956k | €1.06M | €1.13M | ▲ 6.5% |
| Equity10/15 | €28k | €101k | €141k | €231k | €354k | ▲ 53.0% |
| Contributions10/11 | €69k | €69k | €69k | €69k | €69k | = |
| Reserves13 | €5k | €32k | €72k | €163k | €285k | ▲ 75.4% |
| Non-distributable reserves130/1 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €63k | €105k | ▲ 66.7% |
| Distributable reserves133 | €2k | €29k | €72k | €99k | €180k | ▲ 81.0% |
| Profit (loss) carried forward14 | €-46k | - | - | - | - | - |
| Amounts payable17/49 | €796k | €713k | €815k | €831k | €778k | ▼ 6.4% |
| Amounts payable after more than one year17 | €561k | €493k | €585k | €573k | €491k | ▼ 14.4% |
| Financial debts170/4 | €561k | €493k | €585k | €573k | €491k | ▼ 14.4% |
| Amounts payable within one year42/48 | €235k | €220k | €228k | €256k | €282k | ▲ 10.3% |
| Current portion of amounts payable after more than one year42 | €71k | €68k | €86k | €84k | €82k | ▼ 1.7% |
| Trade debts44 | €109k | €103k | €64k | €64k | €85k | ▲ 32.7% |
| Suppliers440/4 | €109k | €103k | €64k | €64k | €85k | ▲ 32.7% |
| Advances received on contracts in progress46 | €34k | €29k | €41k | €74k | €66k | ▼ 10.5% |
| Taxes, remuneration and social security45 | - | €698 | €4k | €12k | €7k | ▼ 41.3% |
| Taxes450/3 | - | €698 | €2k | €12k | €7k | ▼ 41.3% |
| Remuneration and social security454/9 | - | - | €1k | - | - | - |
| Other amounts payable47/48 | €22k | €19k | €33k | €23k | €42k | ▲ 84.5% |
| Accrued charges and deferred income492/3 | - | - | €2k | €1k | €4k | ▲ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €75k | €44k | €92k | €124k | ▲ 35.1% |
| + Depreciation and write-downs630 | €62k | €55k | €52k | €62k | €71k | ▲ 13.8% |
| Operating cash flow (approximation) | €64k | €130k | €95k | €154k | €195k | ▲ 26.5% |
| Investment in fixed assets (approximation) | - | €5k | €-192k | €-101k | €-40k | ▲ 60.7% |
| Change in cash | - | €34k | €-11k | €45k | €63k | ▲ 39.2% |
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
25-09
State Gazette act
Resignation: Barbary Magda (director)Appointments: Van den Bussche Thibault (non-statutory director) and Vanderghote Elise (opvolgende niet statutaire bestuurder) · Purpose change · Name change9 facts ▸
State Gazette act
Resignation: Barbary Magda (director)
Appointments: Van den Bussche Thibault (non-statutory director) and Vanderghote Elise (opvolgende niet statutaire bestuurder) · Purpose change · Name change9 facts ▸
- General meeting, 22-09-2026
- Purpose change
- Name change, Hoevezicht
- Director resignation, Barbary Magda (director)
- Director appointment, Van den Bussche Thibault (non-statutory director)
- Declaration, geen strafrechtelijke of civielrechtelijke bestuursverboden, 16-09-2026
- Director appointment, Vanderghote Elise (opvolgende niet statutaire bestuurder)
- Declaration, geen strafrechtelijke of civielrechtelijke bestuursverboden, 16-09-2026
- Statutes amendment
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €124k ▲35.1%
Operating result €194k, net result €124k, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €231k ▲64.1%
4 profitable years in a row build equity to €231k.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €101k ▲265%
2 profitable years in a row build equity to €101k.
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Van den Bussche Thibault
CurrentNon-statutory director · since 22-09-2026
Vanderghote Elise
CurrentOpvolgende niet statutaire bestuurder · since 22-09-2026
22-09-2026
Van den Bussche Thibault: Appointed as Non-statutory director
22-09-2026
Vanderghote Elise: Appointed as Opvolgende niet statutaire bestuurder
22-09-2026
Barbary Magda: Resigned as Director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has 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, Veurne · 1 establishment unit since 1991
Ground area
1.0 ha
Building footprint
808 m²
Volume, LiDAR
5,020 m³
Parcel 38025B0550/00S000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Magdalino
since 19912.053.251.260
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025B0550/00S000 | Flanders | 1.0 ha | 1 · 808 m² | 9.0 m · 2 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.
Articles of association
Who signs
“De opvolgend niet-statutaire bestuurder zal de vennootschap slechts kunnen vertegenwoordigen jegens derden en in rechte zowel als eiser en verweerder vanaf het overlijden, onbekwaamverklaring, ontslag of gerechtelijke herroeping van de bestuurder. Tevens in geval van tegenstrijdigheid van belangen…”
Full text
De opvolgend niet-statutaire bestuurder zal de vennootschap slechts kunnen vertegenwoordigen jegens derden en in rechte zowel als eiser en verweerder vanaf het overlijden, onbekwaamverklaring, ontslag of gerechtelijke herroeping van de bestuurder. Tevens in geval van tegenstrijdigheid van belangen in hoofde van de bestuurder, (en voor zover dezelfde tegenstrijdigheid van belangen zich niet voordoet in hoofde van de niet-statutaire bestuurder), zal de opvolgend niet-statutaire bestuurder de vennootschap kunnen vertegenwoordigen jegens derden en in rechte, zowel als eiser en verweerder.
Other provisions of the articles (1)
- 1 more provision in the deed
Recognitions · licences · registrations
Food safety, FASFC
1 siteVeurne2.053.251.260
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Identification & contact
Identification
Legal formPrivate limited company
Founded11-06-1991
Fiscal year end31-12
Activities, NACEBEL 2025
01471Crop and animal production, hunting and related service activities
01479Crop and animal production, hunting and related service activities
55203Holiday cottages, homes and apartments
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.