HOF
ActiveSummary
HOF has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,798 and a net result of €31,505. Its solvency ranks better than 59% of 17,001 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-07-2023 Normal situation
- Activity
- Full-service restaurants NACE 56111
- Establishment unit
- 2.346.797.016 8500 Kortrijk, since 04-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €319,266
- ▼ 16.4%
- Turnover
- ≈ €760,000
- estimated
- Profit
- €31,505
- ▼ 13.2%
- Equity
- €73,798
- ▲ 74.5%
- Total assets
- €181,820
- ▼ 9.3%
- Employees on 31-12-2025
- 7
- ▼ 12.5%
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Founded in 2023Size: total assets €181,820lowers riskLiquidity: current ratio 2.05, cash €143,088Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 60% of them on solvency, 82% on liquidity, 79% on profitability and 86% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 27 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 18% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 8 | 7 |
| full-time | 2 | 2 |
| part-time | 6 | 5 |
| in full-time equivalents | 6.5 | 5.6 |
| Average over the year, in full-time equivalents | 5.2 | 6 |
| On a permanent contract | 5 | 4 |
| Joined | 602 | 511 |
| Left | 649 | 540 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €25,327 | €2,780 |
| Financial fixed assets | €1,000 | €0 |
| Depreciation and write-downs of the year | €8,002 | €4,354 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €990 awarded · €990 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €319,813 | €264,780 | ▼ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,002 | €4,354 | ▼ 45.6% |
| Other operating charges640/8 | €3,591 | €8,835 | ▲ 146% |
| Gross operating margin9900 | €381,726 | €319,266 | ▼ 16.4% |
| Operating profit (loss)9901 | €50,320 | €41,297 | ▼ 17.9% |
| Financial income75/76B | €3,908 | €3,685 | ▼ 5.7% |
| Recurring financial income75 | €3,908 | €3,685 | ▼ 5.7% |
| Financial charges65/66B | €4,092 | €1,607 | ▼ 60.7% |
| Recurring financial charges65 | €4,092 | €1,607 | ▼ 60.7% |
| Profit (loss) for the period before taxes9903 | €50,136 | €43,375 | ▼ 13.5% |
| Income taxes67/77 | €13,843 | €11,870 | ▼ 14.3% |
| Profit (loss) for the period9904 | €36,293 | €31,505 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €36,293 | €31,505 | ▼ 13.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €200,497 | €181,820 | ▼ 9.3% |
| Fixed assets21/28 | €22,125 | €20,550 | ▼ 7.1% |
| Tangible fixed assets22/27 | €21,125 | €19,550 | ▼ 7.5% |
| Plant, machinery and equipment23 | €13,839 | €11,338 | ▼ 18.1% |
| Furniture and vehicles24 | €7,286 | €8,212 | ▲ 12.7% |
| Financial fixed assets28 | €1,000 | €1,000 | = |
| Current assets29/58 | €178,373 | €161,269 | ▼ 9.6% |
| Stocks and contracts in progress3 | - | €6,488 | - |
| Stocks30/36 | - | €6,488 | - |
| Amounts receivable within one year40/41 | €41,316 | €11,450 | ▼ 72.3% |
| Trade receivables40 | €37,890 | €2,696 | ▼ 92.9% |
| Other amounts receivable41 | €3,425 | €8,754 | ▲ 156% |
| Cash at bank and in hand54/58 | €136,748 | €143,088 | ▲ 4.6% |
| Deferred charges and accrued income490/1 | €309 | €244 | ▼ 20.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €200,497 | €181,820 | ▼ 9.3% |
| Equity10/15 | €42,293 | €73,798 | ▲ 74.5% |
| Contributions10/11 | €6,000 | €6,000 | = |
| Reserves13 | €36,293 | €67,798 | ▲ 86.8% |
| Distributable reserves133 | €36,293 | €67,798 | ▲ 86.8% |
| Amounts payable17/49 | €158,204 | €108,022 | ▼ 31.7% |
| Amounts payable after more than one year17 | €36,833 | €27,017 | ▼ 26.6% |
| Financial debts170/4 | €36,833 | €27,017 | ▼ 26.6% |
| Amounts payable within one year42/48 | €121,170 | €78,705 | ▼ 35.0% |
| Current portion of amounts payable after more than one year42 | €9,530 | €9,815 | ▲ 3.0% |
| Trade debts44 | €35,974 | €6,077 | ▼ 83.1% |
| Suppliers440/4 | €35,974 | €6,077 | ▼ 83.1% |
| Taxes, remuneration and social security45 | €75,666 | €62,812 | ▼ 17.0% |
| Taxes450/3 | €40,614 | €27,528 | ▼ 32.2% |
| Remuneration and social security454/9 | €35,052 | €35,285 | ▲ 0.7% |
| Accrued charges and deferred income492/3 | €202 | €2,299 | ▲ 11× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €36,293 | €31,505 | ▼ 13.2% |
| + Depreciation and write-downs630 | €8,002 | €4,354 | ▼ 45.6% |
| Operating cash flow (approximation) | €44,295 | €35,859 | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | -€2,780 | - |
| Change in cash | - | €6,339 | - |
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, 39,278 companies had the same profile as HOF has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HOF itself: 1.0% 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 39,278 companies, not a prediction for HOF. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- VANLEEUWEN Nelle 120 shares (100%) · €6,000 in cash
Capital transactions
- 06-07-2023 Incorporation · €6,000 · 120 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Articles of association, deed of 06-07-2023 (in Dutch)
Network & group
HOF shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of HOF. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-07
Gazette deed
IncorporationStarting capital €6,000 · Appointment: VANLEEUWEN Nelle (director) · Founder6 points ▸
- Incorporation, “HOF” (deed in Dutch)
- Founder, VANLEEUWEN Nelle
- Founding capital, €6,000
- Director appointment, VANLEEUWEN Nelle (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Power of attorney, SBB Gecertificeerde Accountants en Adviseurs BV
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34022E0023/00S000 | Flanders | 8,015 m² | 1 · 772 m² | 17.3 m · 5 |
| 34026A0421/00S003 | Flanders | 265 m² | 1 · 94 m² | 9.0 m · 2 |