HOFFMANN TRADE
ActiveHOFFMANN TRADE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.20M and a net result of €67k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 80% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability19▼-36
Solvency96▼-2
Growth51▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 3.68 in 2023; short-term debt: 29.2% and cash: 13.6% of total assets), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
70.8%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
27 d early
2022
35 d early
2021
24 d early
2020
33 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€25.22M▼ 0.6%
2023 · €25.39M
2018: €19.31M
2019: €18.09M
2020: €20.29M
2021: €29.72M
2022: €32.49M
2023: €25.39M
2018 → 2024
EBIT margin
-0.4%▼ 1.2pp
2023 · 0.8%
2018: 8.6%
2019: 5.1%
2020: 11.9%
2021: 8.1%
2022: 9.0%
2023: 0.8%
2018 → 2024
Net result
€67k▼ 72.4%
2023 · €242k
2018: €1.13M
2019: €656k
2020: €1.79M
2021: €1.76M
2022: €2.13M
2023: €242k
2018 → 2024
Working capital
€14.11M▲ 0.6%
2023 · €14.03M
2018: €9.93M
2019: €9.96M
2020: €9.88M
2021: €11.71M
2022: €13.78M
2023: €14.03M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€20.29M-€29.72M▲ 46.4%€32.49M▲ 9.3%€25.39M▼ 21.9%€25.22M▼ 0.6%
Equity€10.00M-€11.76M▲ 17.6%€13.89M▲ 18.1%€14.13M▲ 1.7%€14.20M▲ 0.5%
Operating result€2.42M-€2.40M▼ 0.7%€2.91M▲ 21.3%€207k▼ 92.9%€-109k
Net result€1.79M-€1.76M▼ 1.6%€2.13M▲ 21.0%€242k▼ 88.6%€67k▼ 72.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €109k after €207k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20.07M
Fixed assets
€97k▼ 14.0%
Current assets
€19.97M▲ 3.8%
Equity and liabilities €20.07M
Equity
€14.20M▲ 0.5%
Debt
€5.87M▲ 12.3%
The debt ratio rises from 27.0% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-69k▼
2023 · €246k
Cash flow
€107k▼
2023 · €281k
Solvency
70.8%▼
2023 · 73.0%
Current ratio
3.41▼
2023 · 3.68
Quick ratio
1.79▼
2023 · 2.30
Debt / equity
0.41▲
2023 · 0.37
ROE
0.5%▼
2023 · 1.7%
ROA
0.3%▼
2023 · 1.2%
Interest coverage
-12.12▼
2023 · 45.08
Debt
€5.87M▲
2023 · €5.23M
Debt ≤ 1 year
€5.87M▲
2023 · €5.23M
Income taxes
€44k▼
2023 · €101k
Staff costs
€1.24M▲
2023 · €1.24M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€19.36M€20.07M▲
Fixed assets21/28€113k€97k▼
Tangible fixed assets22/27€112k€71k▼
Furniture and vehicles24€112k€71k▼
Financial fixed assets28€1k€26k▲
Other financial fixed assets284/8€1k€26k▲
Amounts receivable and cash guarantees285/8€1k€26k▲
Current assets29/58€19.25M€19.97M▲
Stocks and contracts in progress3€7.21M€9.47M▲
Stocks30/36€7.21M€9.47M▲
Raw materials and consumables30/31€5.94M€8.17M▲
Finished goods33€1.27M€1.30M▲
Amounts receivable within one year40/41€3.64M€4.06M▲
Trade receivables40€3.30M€3.56M▲
Other amounts receivable41€340k€496k▲
Current investments50/53€6.95M€3.65M▼
Other investments51/53€6.95M€3.65M▼
Cash at bank and in hand54/58€1.40M€2.73M▲
Deferred charges and accrued income490/1€47k€58k▲
Equity and liabilities
Total equity and liabilities10/49€19.36M€20.07M▲
Equity10/15€14.13M€14.20M▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€14.07M€14.13M▲
Amounts payable17/49€5.23M€5.87M▲
Amounts payable within one year42/48€5.23M€5.87M▲
Trade debts44€4.79M€5.46M▲
Suppliers440/4€4.79M€5.46M▲
Taxes, remuneration and social security45€336k€308k▼
Taxes450/3€182k€190k▲
Remuneration and social security454/9€154k€118k▼
Other amounts payable47/48€95k€99k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20232024
Operating income70/76A€25.79M€25.30M▼
Turnover70€25.39M€25.22M▼
Change in stocks of work in progress, finished goods and contracts in progress71€359k€33k▼
Other operating income74€45k€42k▼
Non-recurring operating income76A€1k-
Operating charges60/66A€25.59M€25.41M▼
Goods for resale, raw materials and consumables60€13.13M€14.66M▲
Purchases600/8€12.24M€16.88M▲
Change in stocks: decrease (increase)609€883k€-2.23M▼
Services and other goods61€11.17M€9.47M▼
Remuneration, social security and pensions62€1.24M€1.24M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€40k▲
Other operating charges640/8€13k€4k▼
Non-recurring operating charges66A€247€159▼
Operating profit (loss)9901€207k€-109k▼
Financial income75/76B€207k€293k▲
Recurring financial income75€207k€293k▲
Income from financial fixed assets750€170k€254k▲
Other financial income752/9€37k€39k▲
Financial charges65/66B€71k€73k▲
Recurring financial charges65€71k€73k▲
Debt charges650€5k€6k▲
Other financial charges652/9€66k€67k▲
Profit (loss) for the period before taxes9903€343k€111k▼
Income taxes67/77€101k€44k▼
Taxes670/3€101k€44k▼
Profit (loss) for the period9904€242k€67k▼
Profit (loss) for the period to be appropriated9905€242k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14.07M€14.13M▲
Profit (loss) brought forward from the previous period14P€13.82M€14.07M▲
Social balance
Average headcount (FTE)908722.822.1▼
The notes to these accounts (35 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €67k ▼72.4%
Net result drops to €67k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €2.13M ▲21%
Operating result €2.91M, net result €2.13M, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €11.76M ▲17.6%
4 profitable years in a row build equity to €11.76M.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · full 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.
31-12-2024
DKR Management: Resigned as Director
31-12-2024
SteRa – Management: Resigned as Director
Location & real-estate footprint
Registered office, Sankt Vith · 1 establishment unit since 1985
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.
Atzerath 344783 Sankt Vith1 establishment unit
HOFFMANN TRADE
since 19852.028.087.381
Recognitions · licences · registrations
Food safety, FASFC
1 siteSankt Vith/Saint-Vith2.028.087.381
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Of 857 companies in sector 46832 we hold annual accounts for 588. 192 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-10-1985
Fiscal year end31-12
Activities, NACEBEL
16110Sawmilling and planing of wood
46832Wholesale of timber
02012
02020
02200Logging
02400Forestry and logging
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.