Holemans
ActiveSummary
Holemans has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,558 and a net result of €11,263. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+38
Solvency27▲+16
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.91 against 0.86 in 2024; short-term debt: 49.1% and cash: 0.5% of total assets), and 97.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
2.2%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
104 d late
2023
44 d early
2022
102 d early
2021
52 d early
2020
47 d early
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 18 June (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,558
2024 · -€98,625
Total assets
€836,431▲ 18.6%
2024 · €705,208
Net result
€11,263
2024 · -€156,927
Working capital
-€36,368▲ 29.3%
2024 · -€51,423
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,395▲ 331%€9,088▼ 80.0%€127,275▲ 1,300%-€136,259€49,925
Net result€38,044above the sector's middle half▲ 191%€3,053within the sector's middle half▼ 92.0%€93,394within the sector's middle half▲ 2,959%-€156,927below the sector's middle half€11,263within the sector's middle half
Equity€36,547within the sector's middle half▲ 35,362%€50,350within the sector's middle half▲ 37.8%€67,969below the sector's middle half▲ 35.0%-€98,625below the sector's middle half€18,558below the sector's middle half
Total assets€81,401within the sector's middle half▲ 133%€147,404within the sector's middle half▲ 81.1%€434,597below the sector's middle half▲ 195%€705,208above the sector's middle half▲ 62.3%€836,431above the sector's middle half▲ 18.6%
Debt€44,854▲ 28.9%€97,054▲ 116%€366,628▲ 278%€803,833▲ 119%€817,873▲ 1.7%
Working capital€34,040within the sector's middle half€44,732within the sector's middle half▲ 31.4%€115,165within the sector's middle half▲ 157%-€51,423below the sector's middle half-€36,368below the sector's middle half▲ 29.3%
Solvency44.9%within the sector's middle half▲ 44.6pp34.2%within the sector's middle half▼ 10.7pp15.6%below the sector's middle half▼ 18.5pp-14.0%below the sector's middle half▼ 29.6pp2.2%below the sector's middle half▲ 16.2pp
Current ratio1.76within the sector's middle half▲ 0.811.46within the sector's middle half▼ 0.301.36within the sector's middle half▼ 0.100.86below the sector's middle half▼ 0.500.91below the sector's middle half▲ 0.05
Return on assets (ROA)46.7%above the sector's middle half▲ 9.2pp2.1%within the sector's middle half▼ 44.7pp21.5%above the sector's middle half▲ 19.4pp-22.3%below the sector's middle half▼ 43.7pp1.3%within the sector's middle half▲ 23.6pp
Staff (FTE)0.8
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 returns to profit in 2025: €49,925 after a loss of €136,259 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €825,489
Fixed assets
€451,097 ▲ 24.1%
Current assets
€374,392 ▲ 14.3%
Equity and liabilities €836,431
Equity
€18,558
Debt
€817,873
Debt finances 97.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€78,079▲
2024 · -€117,971
Cash flow
€39,417▲
2024 · -€138,639
Quick ratio
0.71▲
2024 · 0.66
Debt to equity
44.07▲
2024 · -8.15
ROE
60.7%
Interest coverage
2.07▲
2024 · -5.97
Debt ≤ 1 year
€410,761▲
2024 · €378,938
Debt > 1 year
€407,113▼
2024 · €423,695
Income taxes
€1,187▲
2024 · €1,135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €18,346 | - |
| Remuneration, social security and pensions62 | - | €33,792 | €30,279 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,521 | €2,826 | €2,773 | €18,288 | €28,153 | ▲ 53.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€363 | €138 | €0 | - | - |
| Other operating charges640/8 | €409 | €771 | €2,036 | €4,953 | €2,286 | ▼ 53.8% |
| Gross operating margin9900 | €47,325 | €46,114 | €162,501 | -€113,019 | €80,365 | ▲ 171% |
| Operating profit (loss)9901 | €45,395 | €9,088 | €127,275 | -€136,259 | €49,925 | ▲ 137% |
| Financial income75/76B | €438 | €1 | €180 | €229 | €195 | ▼ 15.0% |
| Recurring financial income75 | €438 | €1 | €180 | €229 | €195 | ▼ 15.0% |
| Financial charges65/66B | €612 | €2,703 | €3,019 | €19,763 | €37,670 | ▲ 90.6% |
| Recurring financial charges65 | €612 | €2,703 | €3,019 | €19,763 | €37,670 | ▲ 90.6% |
| Profit (loss) for the period before taxes9903 | €45,220 | €6,385 | €124,436 | -€155,792 | €12,450 | ▲ 108% |
| Income taxes67/77 | €7,176 | €3,332 | €31,043 | €1,135 | €1,187 | ▲ 4.6% |
| Profit (loss) for the period9904 | €38,044 | €3,053 | €93,394 | -€156,927 | €11,263 | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €38,044 | €3,053 | €93,394 | -€156,927 | €11,263 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,401 | €147,404 | €434,597 | €705,208 | €836,431 | ▲ 18.6% |
| Formation expenses20 | - | - | - | €14,242 | €10,942 | ▼ 23.2% |
| Fixed assets21/28 | €2,507 | €5,618 | €2,845 | €363,450 | €451,097 | ▲ 24.1% |
| Tangible fixed assets22/27 | €2,207 | €5,318 | €2,545 | €360,950 | €448,597 | ▲ 24.3% |
| Land and buildings22 | - | - | - | €360,777 | €448,597 | ▲ 24.3% |
| Plant, machinery and equipment23 | €2,207 | €1,186 | €393 | €0 | - | - |
| Furniture and vehicles24 | - | €4,132 | €2,153 | €174 | €0 | ▼ 100% |
| Financial fixed assets28 | €300 | €300 | €300 | €2,500 | €2,500 | = |
| Current assets29/58 | €78,893 | €141,786 | €431,752 | €327,516 | €374,392 | ▲ 14.3% |
| Stocks and contracts in progress3 | €22,400 | €40,783 | €60,000 | €76,458 | €83,204 | ▲ 8.8% |
| Stocks30/36 | €22,400 | €40,783 | €60,000 | €76,458 | €83,204 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €45,494 | €62,845 | €340,041 | €243,648 | €265,589 | ▲ 9.0% |
| Trade receivables40 | €40,171 | €46,971 | €311,129 | €235,485 | €255,006 | ▲ 8.3% |
| Other amounts receivable41 | €5,323 | €15,874 | €28,912 | €8,163 | €10,583 | ▲ 29.6% |
| Cash at bank and in hand54/58 | €10,937 | €17,545 | €6,449 | €0 | €3,847 | - |
| Deferred charges and accrued income490/1 | €63 | €20,613 | €25,262 | €7,410 | €21,753 | ▲ 194% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,401 | €147,404 | €434,597 | €705,208 | €836,431 | ▲ 18.6% |
| Equity10/15 | €36,547 | €50,350 | €67,969 | -€98,625 | €18,558 | ▲ 119% |
| Contributions10/11 | €6,200 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €60,072 | €61,525 | €49,419 | €39,752 | €39,752 | = |
| Distributable reserves133 | €60,072 | €61,525 | €49,419 | €39,752 | €39,752 | = |
| Profit (loss) carried forward14 | -€29,725 | -€29,725 | €0 | -€156,927 | -€39,744 | ▲ 74.7% |
| Amounts payable17/49 | €44,854 | €97,054 | €366,628 | €803,833 | €817,873 | ▲ 1.7% |
| Amounts payable after more than one year17 | - | - | - | €423,695 | €407,113 | ▼ 3.9% |
| Financial debts170/4 | - | - | - | €423,695 | €407,113 | ▼ 3.9% |
| Amounts payable within one year42/48 | €44,854 | €97,054 | €316,587 | €378,938 | €410,761 | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | - | €994 | €0 | €15,991 | €16,582 | ▲ 3.7% |
| Financial debts43 | - | - | €25,000 | €33,360 | €37,484 | ▲ 12.4% |
| Credit institutions430/8 | - | - | €25,000 | €33,360 | €37,484 | ▲ 12.4% |
| Trade debts44 | €34,220 | €88,086 | €202,726 | €268,028 | €295,804 | ▲ 10.4% |
| Suppliers440/4 | €34,220 | €88,086 | €202,726 | €268,028 | €295,804 | ▲ 10.4% |
| Advances received on contracts in progress46 | - | - | - | - | €21,589 | - |
| Taxes, remuneration and social security45 | €6,887 | €4,228 | €11,624 | €7,177 | €2,302 | ▼ 67.9% |
| Taxes450/3 | €176 | €176 | €11,624 | €7,177 | €2,302 | ▼ 67.9% |
| Remuneration and social security454/9 | €6,711 | €4,052 | €0 | - | - | - |
| Other amounts payable47/48 | €3,747 | €3,747 | €77,237 | €54,382 | €37,000 | ▼ 32.0% |
| Accrued charges and deferred income492/3 | - | - | €50,041 | €1,200 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,044 | €3,053 | €93,394 | -€156,927 | €11,263 | ▲ 107% |
| + Depreciation and write-downs630 | €1,521 | €2,826 | €2,773 | €18,288 | €28,153 | ▲ 53.9% |
| Operating cash flow (approximation) | €39,565 | €5,879 | €96,166 | -€138,639 | €39,417 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€5,937 | €0 | -€378,893 | -€115,800 | ▲ 69.4% |
| Change in cash | - | €6,608 | -€11,096 | -€6,449 | €3,847 | ▲ 160% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Back to profitnet €11,263
Net result €11,263 after one loss-making year.
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 104 days late
2024
31-12
Financial
Weakest financial yearnet -€156,927
Net result drops to -€156,927, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €93,394 ▲2,959%
Operating result €127,275, net result €93,394, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13,088
Net result €13,088 after one loss-making year.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 2016
Ground area
6,050 m²
Building footprint
3,938 m²
Parcel 11040A0114/00X000, Flanders. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Breasy
since 20162.250.275.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0114/00X000 | Flanders | 6,050 m² | 1 · 3,938 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 15,036 EUR awarded · 17,856 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,436 EUR | 2,436 EUR |
| 2024 | 1 | 7,500 EUR | 10,320 EUR |
| 2023 | 1 | 4,680 EUR | 4,680 EUR |
| 2022 | 1 | 420 EUR | 420 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 1 endedMonteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Vakman installatietechnieken (vwo)
Show 1 ended approval
Sanitair installateur (so)
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Of 7,038 companies in sector 43221 we hold annual accounts for 3,479. 2,387 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647936838
Also
9925:BE0647936838
Registered
06-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.