HOLGO
ActiveSummary
HOLGO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of €151,667. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 33% of 336 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Construction of roads and motorways
NACE 42110NACE 45230
#2 company by total assets in Boortmeerbeek, Construction sector1 site
How big
€6.4mtotal assets 2024
- Staff
- 9.5 FTE
- Equity
- €1.7m
- Profit
- €151,667
Net result -90%: other schema
Who decides
- Parent
- GOMIC · 100%
Accounts 62 d overdue0 of 8 deeds read
Why 67- Higher-failure-rate sector+ Long track record+ Lower-risk legal form+ Annual accounts: healthy financial profileA punctual record breaksShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-28
Solvency52▼-10
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 2.79 against 4.81 in 2023; short-term debt: 24% and cash: 5.9% of total assets), but 73.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% 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 2024Solvency, return and age of the figures
Solvency
26.7%
Return on assets
2.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
on the day
2022
4 d early
2021
34 d early
2020
80 d early
2019
126 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · full…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Financials
Fiscal year 2024Total assets €6.4mProfit €151,667Solvency 26.7%Liquidity 2.79
Total assets
€6.4m▲ 35.5%
2018 - 2024
Net result
€151,667▼ 89.9%
2018 - 2024
Equity
€1.7m▼ 2.1%
2018 - 2024
Staff (FTE)
9.5▲ 6.7%
2018 - 2024
Financials · fiscal year 2024, full schema
In the rankings
#2 company by total assets in Boortmeerbeek, Construction sector#4 company by equity in Boortmeerbeek, Construction sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 42, Civil engineering, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€0.2m€0.1m€0.3m▲ 134%€1.9m▲ 527%€0.2m▼ 88.9%
Net result-€0.2mbelow the sector's middle half€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 30.8%€1.5mabove the sector's middle half▲ 818%€0.2mwithin the sector's middle half▼ 89.9%
Equity€1.7mabove the sector's middle half▼ 9.2%€1.8mabove the sector's middle half▲ 7.5%€0.5mwithin the sector's middle half▼ 73.4%€1.7mabove the sector's middle half▲ 264%€1.7mwithin the sector's middle half▼ 2.1%
Total assets€3.0mwithin the sector's middle half▼ 25.5%€2.6mwithin the sector's middle half▼ 12.2%€3.0mwithin the sector's middle half▲ 14.6%€4.7mabove the sector's middle half▲ 56.1%€6.4mwithin the sector's middle half▲ 35.5%
Debt€1.3m▼ 39.0%€0.8m▼ 38.8%€2.4m▲ 206%€2.4m▲ 2.3%€4.1m▲ 71.0%
Working capital€0.5mwithin the sector's middle half▼ 1.9%€0.8mabove the sector's middle half▲ 57.2%€1.0mabove the sector's middle half▲ 24.2%€3.0mabove the sector's middle half▲ 190%€2.7mwithin the sector's middle half▼ 9.8%
Solvency55.7%within the sector's middle half▲ 10.0pp68.2%above the sector's middle half▲ 12.5pp15.9%below the sector's middle half▼ 52.4pp36.9%within the sector's middle half▲ 21.1pp26.7%within the sector's middle half▼ 10.2pp
Current ratio1.56within the sector's middle half▲ 0.212.23within the sector's middle half▲ 0.673.01above the sector's middle half▲ 0.784.81above the sector's middle half▲ 1.802.79above the sector's middle half▼ 2.02
Return on assets (ROA)-5.1%below the sector's middle half▼ 5.8pp4.8%within the sector's middle half▲ 9.9pp5.5%within the sector's middle half▲ 0.7pp32.1%above the sector's middle half▲ 26.6pp2.4%within the sector's middle half▼ 29.7pp
Staff (FTE)10.1within the sector's middle half▼ 15.1%9.7within the sector's middle half▼ 4.0%10.5within the sector's middle half▲ 8.2%8.9within the sector's middle half▼ 15.2%9.5below the sector's middle half▲ 6.7%
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -90% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 89% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.4m
Fixed assets
€2.1m ▲ 143%
Current assets
€4.3m ▲ 11.4%
Equity and liabilities €6.4m
Equity
€1.7m ▼ 2.1%
Provisions
€534,018 ▼ 2.2%
Debt
€4.1m ▲ 71.0%
Debt's share of the balance-sheet total rises from 51.5% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
€763,844▼
2023 · €2.4m
Cash flow
€704,992▼
2023 · €2.0m
Quick ratio
2.58▼
2023 · 4.66
Debt to equity
2.43▲
2023 · 1.39
ROE
8.9%▼
2023 · 86.9%
Interest coverage
8.34▼
2023 · 53.21
Debt ≤ 1 year
€1.5m▲
2023 · €796,865
Debt > 1 year
€2.6m▲
2023 · €1.6m
Income taxes
€18,891▲
2023 · €302
Staff costs
€782,582▲
2023 · €653,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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 3,984 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0.05m | €0.5m | €1.9m | €0.3m | ▼ 84.8% |
| Remuneration, social security and pensions62 | - | €0.4m | €0.7m | €0.7m | €0.8m | ▲ 19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 5.7% |
| Other operating charges640/8 | - | €0.04m | €0.04m | €0.02m | €0.04m | ▲ 94.7% |
| Non-recurring operating charges66A | - | - | €0.004m | €0 | - | - |
| Gross operating margin9900 | €0.8m | €1.0m | €1.4m | €3.1m | €1.6m | ▼ 49.0% |
| Operating profit (loss)9901 | -€0.2m | €0.1m | €0.3m | €1.9m | €0.2m | ▼ 88.9% |
| Financial income75/76B | - | €0.004m | - | €0.02m | €0.04m | ▲ 65.8% |
| Recurring financial income75 | €0.02m | €0.004m | - | €0.02m | €0.04m | ▲ 65.8% |
| Financial charges65/66B | - | €0.007m | €0.02m | €0.05m | €0.09m | ▲ 101% |
| Recurring financial charges65 | €0.03m | €0.007m | €0.02m | €0.05m | €0.09m | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.1m | €0.3m | €1.9m | €0.2m | ▼ 91.6% |
| Transfer from deferred taxes780 | - | €0.001m | €0.02m | €0.06m | €0.08m | ▲ 32.5% |
| Transfer to deferred taxes680 | - | €0.002m | €0.1m | €0.4m | €0.07m | ▼ 83.6% |
| Income taxes67/77 | €136 | €0.001m | €0.007m | €302 | €0.02m | ▲ 6,152% |
| Profit (loss) for the period9904 | -€0.2m | €0.1m | €0.2m | €1.5m | €0.2m | ▼ 89.9% |
| Transfer from tax-exempt reserves789 | - | €0.004m | €0.06m | €0.2m | €0.3m | ▲ 32.5% |
| Transfer to tax-exempt reserves689 | - | €0.007m | €0.4m | €1.3m | €0.2m | ▼ 83.6% |
| Profit (loss) for the period to be appropriated9905 | -€0.08m | €0.1m | -€0.2m | €0.4m | €0.2m | ▼ 50.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.6m | €3.0m | €4.7m | €6.4m | ▲ 35.5% |
| Fixed assets21/28 | €1.5m | €1.1m | €1.4m | €0.9m | €2.1m | ▲ 143% |
| Tangible fixed assets22/27 | €1.5m | €1.1m | €1.4m | €0.8m | €2.1m | ▲ 146% |
| Land and buildings22 | - | €0.2m | €0.1m | €0 | - | - |
| Plant, machinery and equipment23 | - | €0.08m | €0.05m | €0.01m | €0.08m | ▲ 510% |
| Furniture and vehicles24 | - | €0.9m | €0.6m | €0.3m | €0.2m | ▼ 33.1% |
| Leasing and similar rights25 | - | - | €0.6m | €0.5m | €1.8m | ▲ 251% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.02m | ▼ 13.1% |
| Financial fixed assets28 | €132 | €0.001m | €0.01m | €0.01m | €0.004m | ▼ 73.4% |
| Current assets29/58 | €1.5m | €1.5m | €1.6m | €3.8m | €4.3m | ▲ 11.4% |
| Amounts receivable after more than one year29 | - | - | - | €2.2m | €2.3m | ▲ 4.3% |
| Other amounts receivable291 | - | - | - | €2.2m | €2.3m | ▲ 4.3% |
| Stocks and contracts in progress3 | €0.08m | €0.2m | €0.1m | €0.1m | €0.3m | ▲ 176% |
| Stocks30/36 | - | €0.2m | €0.1m | €0.1m | €0.3m | ▲ 155% |
| Contracts in progress37 | - | - | - | - | €0.03m | - |
| Amounts receivable within one year40/41 | €0.6m | €0.5m | €0.8m | €1.0m | €1.3m | ▲ 25.0% |
| Trade receivables40 | - | €0.5m | €0.7m | €1.0m | €1.0m | ▲ 2.2% |
| Other amounts receivable41 | - | €0.03m | €0.06m | €0.05m | €0.3m | ▲ 456% |
| Cash at bank and in hand54/58 | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | ▼ 20.9% |
| Deferred charges and accrued income490/1 | - | €0.07m | €0.05m | €0.04m | €0.02m | ▼ 55.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.6m | €3.0m | €4.7m | €6.4m | ▲ 35.5% |
| Equity10/15 | €1.7m | €1.8m | €0.5m | €1.7m | €1.7m | ▼ 2.1% |
| Contributions10/11 | €0.5m | €0.5m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | €0.5m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | €0.5m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.5m | €1.3m | €0.5m | €1.7m | €1.6m | ▼ 2.1% |
| Non-distributable reserves130/1 | - | €0.05m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | €0.05m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | €0.2m | €0.5m | €1.7m | €1.6m | ▼ 2.2% |
| Distributable reserves133 | - | €1.1m | - | €0.008m | €0.008m | = |
| Profit (loss) carried forward14 | €0.7m | - | -€0.1m | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.06m | €0.06m | €0.2m | €0.5m | €0.5m | ▼ 2.2% |
| Deferred taxes168 | - | €0.06m | €0.2m | €0.5m | €0.5m | ▼ 2.2% |
| Amounts payable17/49 | €1.3m | €0.8m | €2.4m | €2.4m | €4.1m | ▲ 71.0% |
| Amounts payable after more than one year17 | €0.3m | €0.08m | €1.8m | €1.6m | €2.6m | ▲ 60.5% |
| Financial debts170/4 | - | €0.08m | €1.8m | €1.6m | €2.6m | ▲ 60.5% |
| Amounts payable within one year42/48 | €1.0m | €0.7m | €0.5m | €0.8m | €1.5m | ▲ 92.0% |
| Current portion of amounts payable after more than one year42 | - | €0.2m | €0.3m | €0.2m | €0.5m | ▲ 147% |
| Trade debts44 | €0.2m | €0.2m | €0.2m | €0.3m | €0.7m | ▲ 162% |
| Suppliers440/4 | - | €0.2m | €0.2m | €0.3m | €0.7m | ▲ 162% |
| Taxes, remuneration and social security45 | - | €0.02m | €0.05m | €0.04m | €0.07m | ▲ 89.8% |
| Taxes450/3 | - | €0.002m | €0.01m | €0.01m | €0.02m | ▲ 79.3% |
| Remuneration and social security454/9 | - | €0.01m | €0.04m | €0.03m | €0.06m | ▲ 93.4% |
| Other amounts payable47/48 | - | €0.2m | - | €0.3m | €0.2m | ▼ 23.3% |
| Accrued charges and deferred income492/3 | - | €0.004m | - | - | €0.004m | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.1m | €0.2m | €1.5m | €0.2m | ▼ 89.9% |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.5m | €0.6m | ▲ 5.7% |
| Operating cash flow (approximation) | €0.3m | €0.5m | €0.6m | €2.0m | €0.7m | ▼ 65.3% |
| Investment in fixed assets (approximation) | - | €0.002m | -€0.7m | €0.05m | -€1.8m | ▼ 3,381% |
| Change in cash | - | -€0.05m | -€0.1m | -€0.1m | -€0.1m | ▲ 22.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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TRAVAUX PUBLICS HUBAUT
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Of 2,326 companies in this sector we hold annual accounts for 1,096. 582 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent GOMIC · 100%
Directors
Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 ownerChain of control
- GOMIC
- HOLGO
Highest known parent: GOMIC. The sources do not say who stands above it.
Owners 1
- GOMICparentSourceaccounts GOMIC 2023100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 8 Gazette acts processed.
Timeline
14 eventsLatest 14-10-2025
History
Acts, filings and financial milestones
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.5m ▲818%
Operating result €1.9m, net result €1.5m, both a record.
31-12
Financial
Equity above €1mEq €1.7m ▲264%
3 profitable years in a row build equity to €1.7m.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €125,457
Net result €125,457 after one loss-making year.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€153,300
Net result drops to -€153,300, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Support & recognitions
1 funding sourceFlanders €1,8741 register with a recognition
Flemish government
€1,874
awarded · 2022 - 2025
Registered contractor
3
categories
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €1,874 awarded · €1,716 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €1,165 | €1,007 |
| 2023 | 1 | €638 | €638 |
| 2022 | 1 | €71 | €71 |
Recognitions · licences · registrations
Recognised contractor
3 categoriesHOLGO NVapproval no. 43695
Company details
Public limited company · founded 12-06-1995Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded12-06-1995
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455392432
Also
9925:BE0455392432
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Boortmeerbeek · 1 establishment unit since 1995
Ground area
7,644 m²
Building footprint
1,689 m²
Parcel 24014D0050/00C002, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
HOLGO
since 1995unit no. 2.072.468.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014D0050/00C002 | Flanders | 7,644 m² | 1 · 1,689 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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