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HORTIVAM

Active
Private limited companyfounded 2005active for 21 yearsLozenhoek 8/A, 2860 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0874.257.931
Summary

The annual accounts of HORTIVAM for financial year 2025 show a net loss of 86% of the equity at the start of that year. The 2025 annual accounts show equity of €26,016 and a net result of -€153,521. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 21% of 13,741 sector peers (NACE 46, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Official details

Source: KBO
Status
Active since 31-05-2005 Normal situation
Activity
Wholesale of solid, liquid and gaseous fuels and related products NACE 46810and 3 others
Establishment unit
2.226.686.765 2860 Sint-Katelijne-Waver, since 31-05-2005
Financial year end
31 December
Peppol
Reachable since 27-03-2026

Board and ownership

Board
  • Maes GeertDirector
  • Van Asch MichelDirector

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Annual accounts 2025
Gross margin
-€24,537
Loss
€153,521
Equity
€26,016
▼ 85.5%
Total assets
€867,198
▲ 17.6%
Turnover not published (abbreviated or micro format)Equity -86%: merger
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €153,521 (financial year 2025)Equity €26,016 (3.0% of total assets)Sector: Wholesale trade (NACE 46)lowers riskSize: total assets €867,198Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 18% of micro companies in wholesale trade (NACE 46)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 28-21
equity 3.0% of total assets
Liquidity 45-16
short-term debt 20.8% · cash 1.1%
Profitability 0-71
return on assets -17.7%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.1%lowest value 01-2025: 0.1%● unchanged vs 12-2024lowest value 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.8 percentage points vs 05-2026highest value 07-2026: 0.9%● unchanged vs 06-2026highest value 08-2026: 0.9%● unchanged vs 07-2026highest value 09-2026: 0.9%● unchanged vs 08-2026highest value 10-2026: 0.9%● unchanged vs 09-2026highest value 11-2026: 0.9%● unchanged vs 10-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.13 (2.5 in 2024), below the usual 1.5. Short-term debt is 20.8% and cash 1.1% of total assets. 97% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 18% of them on solvency, 43% on liquidity, 6% on profitability and 6% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €153,521 (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €867,198
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Equity €26,016 (3.0% of total assets)
NBB · annual accounts
raises risk · Sector: Wholesale trade (NACE 46)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 13741 sector peers (2025).
NBB · sector comparison
Position among 13741 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
63 days early
2024
73 days early
2023
79 days early
2022
13 days early
2021
20 days early
2020
4 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 May (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €10,425 in 2024 -€153,521 View
  • Caution: Lower net result than 95% of companies in wholesale tradesector median €5,660 · 13,747 companies -€153,521 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Merger with G.V.A. ENGINEERINGmerger on 22-09-2025 2025 View

Recent changes

  1. · Gazette deed Merger: HORTIVAM takes over G.V.A. EngineeringAppointment: MAES Geeraard Jozef Magdalena (director)
  2. · Gazette deed Merger proposal: HORTIVAM takes over G.V.A. ENGINEERING
  3. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as HORTIVAM: wholesale of solid, liquid and gaseous fuels and related products (NACE 46810). They are comparable in size and age: total assets between €241,000 and €1.8m, founded between 1985 and 2005.

CompanyTotal assetsGross margin
HORTIVAM Sint-Katelijne-Waver€0.9m-€0.02m
OIL & FEED @ DECUYPERE Lichtervelde€0.8m-€0.002m
MISSIL PETROLEUM Chaudfontaine€1.8m-€0.003m
NEERPELTSE OLIE CENTRALE Beerse€0.9m-€0.01m
Transport V.D.H. Merchtem€0.4m-€0.007m
VANHAELEWYN-DE RONNE Oudenaarde€0.2m-€0.02m
LOGGHE Oostende€0.7m-€0.01m
Full comparison

Key facts about HORTIVAM

What is the company number of HORTIVAM?
The company number of HORTIVAM is 0874.257.931. The VAT number is the same number with BE in front: BE 0874.257.931.
Where is HORTIVAM based?
The registered office is at Lozenhoek 8/A, 2860 Sint-Katelijne-Waver.Company details
What does HORTIVAM do?
According to the KBO register, the main activity is wholesale of solid, liquid and gaseous fuels and related products (NACE 46810).
What is the legal form of HORTIVAM?
The legal form of HORTIVAM is Private limited company (BV).
When was HORTIVAM founded?
HORTIVAM was founded on 31-05-2005.
Is HORTIVAM still active?
Yes, HORTIVAM is an active enterprise in the KBO register.
What is the turnover of HORTIVAM?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
Is HORTIVAM profitable?
In financial year 2025, HORTIVAM made a loss of €153,521.
Where can I find the annual accounts of HORTIVAM?
HORTIVAM filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HORTIVAM due?
HORTIVAM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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