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Hoffsteen

Active
Private limited companyfounded 2024active for 1 yearNeerhof 2, 9840 Nazareth-De Pinte, BelgiumKBO/BCE: BE 1015.924.748

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 28-07-2026 at the NBB

Turnover
≈ €200,000
Estimated: probably between €130,000 and €260,000
Total assets
€123,668
Net result
€32,182
Working capital
€23,035

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €123,668
Fixed assets €62,848
Current assets €60,821
Equity and liabilities €123,668
Equity €34,682
Provisions €25,400
Debt €63,586
Debt's share of the balance-sheet total is 51.4%.
Key figures and ratios
2025 value
EBITDA
€68,729
Cash flow
€46,062
Current ratio
1.61
Debt to equity
1.83
ROE
92.8%
ROA
26.0%
Interest coverage
33.16
Debt ≤ 1 year
€37,786
Debt > 1 year
€25,801
Income taxes
€20,601

Investments

fixed assets acquired
Item2025
Tangible fixed assets€76,728
Depreciation and write-downs of the year€13,880

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€123,668
Fixed assets21/28€62,848
Tangible fixed assets22/27€62,848
Plant, machinery and equipment23€659
Furniture and vehicles24€62,189
Current assets29/58€60,821
Amounts receivable within one year40/41€37,958
Trade receivables40€24,451
Other amounts receivable41€13,506
Cash at bank and in hand54/58€22,863
Equity and liabilities
Total equity and liabilities10/49€123,668
Equity10/15€34,682
Contributions10/11€2,500
Reserves13€32,182
Distributable reserves133€32,182
Provisions and deferred taxes16€25,400
Provisions for liabilities and charges160/5€25,400
Other liabilities and charges164/5€25,400
Amounts payable17/49€63,586
Amounts payable after more than one year17€25,801
Financial debts170/4€25,801
Amounts payable within one year42/48€37,786
Current portion of amounts payable after more than one year42€8,186
Trade debts44€27,463
Suppliers440/4€27,463
Taxes, remuneration and social security45€2,137
Taxes450/3€2,137
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,880
Provisions for liabilities and charges: additions (uses and reversals)635/8€25,400
Other operating charges640/8€1,087
Gross operating margin9900€95,216
Operating profit (loss)9901€54,849
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€2,073
Recurring financial charges65€2,073
Profit (loss) for the period before taxes9903€52,783
Income taxes67/77€20,601
Profit (loss) for the period9904€32,182
Profit (loss) for the period to be appropriated9905€32,182
Appropriation of the result
Profit (loss) to be appropriated9906€32,182
Transfer to equity691/2€32,182
To other reserves6921€32,182

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,880
Provisions for liabilities and charges: additions (uses and reversals)635/8€25,400
Other operating charges640/8€1,087
Gross operating margin9900€95,216
Operating profit (loss)9901€54,849
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€2,073
Recurring financial charges65€2,073
Profit (loss) for the period before taxes9903€52,783
Income taxes67/77€20,601
Profit (loss) for the period9904€32,182
Profit (loss) for the period to be appropriated9905€32,182
Line2025
Assets
Total assets20/58€123,668
Fixed assets21/28€62,848
Tangible fixed assets22/27€62,848
Plant, machinery and equipment23€659
Furniture and vehicles24€62,189
Current assets29/58€60,821
Amounts receivable within one year40/41€37,958
Trade receivables40€24,451
Other amounts receivable41€13,506
Cash at bank and in hand54/58€22,863
Equity and liabilities
Total equity and liabilities10/49€123,668
Equity10/15€34,682
Contributions10/11€2,500
Reserves13€32,182
Distributable reserves133€32,182
Provisions and deferred taxes16€25,400
Provisions for liabilities and charges160/5€25,400
Other liabilities and charges164/5€25,400
Amounts payable17/49€63,586
Amounts payable after more than one year17€25,801
Financial debts170/4€25,801
Amounts payable within one year42/48€37,786
Current portion of amounts payable after more than one year42€8,186
Trade debts44€27,463
Suppliers440/4€27,463
Taxes, remuneration and social security45€2,137
Taxes450/3€2,137
Line2025
Profit (loss) for the period9904€32,182
+ Depreciation and write-downs630€13,880
Operating cash flow (approximation)€46,062

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,390 companies had the same profile as Hoffsteen has now. Two years later, 96.7% were still going and 1.2% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
96.7% was still going
2.0% stopped otherwise
1.2% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Hoffsteen itself: 0.4% 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.

The companies in ten equal groups, from the lowest to the 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% 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 2,390 companies, not a prediction for Hoffsteen. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 28-07-2026 2026-00341664 PDF

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