HOLVOET FRERES
ActiveHOLVOET FRERES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.23M and a net result of €493k. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 475 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency96▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.39 in 2024), and 49.2% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
50.8%
Return on assets
11.2%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
14 d early
2023
49 d early
2022
11 d early
2021
46 d early
2020
10 d late
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€493k▼ 2.0%
2024 · €503k
2018: €-134k
2019: €-217k
2020: €-177k
2021: €183k
2022: €432k
2023: €533k
2024: €503k
2018 → 2025
Working capital
€1.69M▲ 18.7%
2024 · €1.42M
2018: €494k
2019: €274k
2020: €130k
2021: €335k
2022: €384k
2023: €810k
2024: €1.42M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€288k-€726k▲ 152%€1.26M▲ 73.4%€1.74M▲ 38.0%€2.23M▲ 28.4%
Operating result€210k-€487k▲ 132%€760k▲ 55.9%€802k▲ 5.6%€731k▼ 8.9%
Net result€183k-€432k▲ 135%€533k▲ 23.4%€503k▼ 5.6%€493k▼ 2.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.39M
Fixed assets
€1.54M▲ 9.5%
Current assets
€2.84M▲ 16.6%
Equity and liabilities €4.39M
Equity
€2.23M▲ 28.4%
Provisions
€160k▼ 7.9%
Debt
€2.00M▲ 3.1%
The debt ratio falls from 50.3% to 45.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.03M▼
2024 · €1.16M
Cash flow
€794k▼
2024 · €865k
Solvency
50.8%▲
2024 · 45.1%
Current ratio
2.46▲
2024 · 2.39
Quick ratio
2.46▲
2024 · 2.39
Debt / equity
0.90▼
2024 · 1.12
ROE
22.1%▼
2024 · 29.0%
ROA
11.2%▼
2024 · 13.1%
Interest coverage
14.79▼
2024 · 18.56
Debt
€2.00M▲
2024 · €1.94M
Debt ≤ 1 year
€1.16M▲
2024 · €1.02M
Debt > 1 year
€799k▼
2024 · €881k
Income taxes
€182k▼
2024 · €251k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.85M€4.39M▲
Fixed assets21/28€1.41M€1.54M▲
Tangible fixed assets22/27€1.41M€1.54M▲
Plant, machinery and equipment23€1.39M€1.54M▲
Furniture and vehicles24€16k€7k▼
Assets under construction and advance payments27€0-
Current assets29/58€2.44M€2.84M▲
Amounts receivable within one year40/41€1.29M€1.61M▲
Trade receivables40€1.21M€1.42M▲
Other amounts receivable41€87k€185k▲
Cash at bank and in hand54/58€225k€407k▲
Deferred charges and accrued income490/1€921k€828k▼
Equity and liabilities
Total equity and liabilities10/49€3.85M€4.39M▲
Equity10/15€1.74M€2.23M▲
Contributions10/11€19k€19k=
Reserves13€1.72M€2.21M▲
Tax-exempt reserves132€192k€448k▲
Distributable reserves133€1.53M€1.76M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€174k€160k▼
Provisions for liabilities and charges160/5€111k€111k=
Pensions and similar obligations160€111k€111k=
Deferred taxes168€63k€49k▼
Amounts payable17/49€1.94M€2.00M▲
Amounts payable after more than one year17€881k€799k▼
Financial debts170/4€762k€680k▼
Other amounts payable178/9€119k€119k=
Amounts payable within one year42/48€1.02M€1.16M▲
Current portion of amounts payable after more than one year42€249k€282k▲
Trade debts44€229k€286k▲
Suppliers440/4€229k€286k▲
Taxes, remuneration and social security45€101k€24k▼
Taxes450/3€101k€24k▼
Other amounts payable47/48€440k€567k▲
Accrued charges and deferred income492/3€38k€40k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€362k€301k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€1.17M€1.03M▼
Operating profit (loss)9901€802k€731k▼
Financial income75/76B€291€188▼
Recurring financial income75€291€188▼
Financial charges65/66B€63k€70k▲
Recurring financial charges65€63k€70k▲
Profit (loss) for the period before taxes9903€740k€661k▼
Transfer from deferred taxes780€14k€14k=
Transfer to deferred taxes680€0-
Income taxes67/77€251k€182k▼
Profit (loss) for the period9904€503k€493k▼
Transfer from tax-exempt reserves789€43k€43k=
Transfer to tax-exempt reserves689€0€299k▲
Profit (loss) for the period to be appropriated9905€546k€237k▼
Appropriation of the result
Profit (loss) to be appropriated9906€546k€237k▼
Transfer from equity791/2€24k€0▼
Transfer to equity691/2€546k€237k▼
To other reserves6921€546k€237k▼
Profit to be distributed694/7€24k€0▼
Return on contributions (dividend)694€24k€0▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Equity above €2MEq €2.23M ▲28.4%
5 profitable years in a row build equity to €2.23M.
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €533k ▲23.4%
Net result €533k, the highest in the series.
30-09
Financial
Equity above €1MEq €1.26M ▲73.4%
3 profitable years in a row build equity to €1.26M.
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Equity above €500kEq €726k ▲152%
2 profitable years in a row build equity to €726k.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Back to profitnet €183k
Net result €183k after 3 loss-making years.
30-09
Financial
Equity above €200kEq €288k ▲175%
Equity rises from €105k to €288k.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Weakest financial yearnet €-217k
Net result drops to €-217k, the lowest in the series; recovery starts the following year.
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ath · 1 establishment unit since 2002
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.
Place d'Houtaing(Hou) 227812 AthGround area
2,884 m²
Building footprint
238 m²
Volume, LiDAR
1,703 m³
Parcel 51033B0273/00F000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Place d'Houtaing(Hou) 22, 7812 Ath
since 20022.094.576.329
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51033B0273/00F000 | Wallonia | 2,884 m² | 1 · 238 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAth2.094.576.329
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LOONWERK MARRANNES
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Of 4,670 companies in sector 01610 we hold annual accounts for 1,363. 608 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2001
Fiscal year end30-09
Activities, NACEBEL
01410Raising of dairy cattle
01610Support activities for crop production
46851Wholesale of industrial chemicals
47761Retail sale of flowers, plants, seeds and fertilisers
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.