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HOSA

Active
Public limited companyfounded 1989active for 37 yearsZuidkaai 8, 8770 Ingelmunster, BelgiumKBO/BCE: BE 0438.621.330
Summary

HOSA has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€34,947. Equity is growing by about 7.1% per year across the filed financial years. Its solvency ranks better than 66% of 828 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
HOSAActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110Specialised construction activities NACE 43429
6th largest employer in Ingelmunster, Manufacturing sector1 site
Size
€8.8mturnover 2025
Staff
32.6 FTE
Equity
€1.6m
Loss
-€34,947
Financial health
69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
IC-CONSTRUCT · 100%
Board
4 members
  • MalawiManaging director · permanent representative Didier Staelens
Auditor: BV Baker Tilly Bedrijfsrevisoren2025 accounts 14 days early7 of 14 deeds summarised
Why 69raises risk2 of the last 3 lateLiquidity: current ratio 2.42, cash €0, halvedSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskFounded in 1989Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 32% of its sector peers (NACE 25, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 84+11
equity 59.0% of total assets
Liquidity 31+7
short-term debt 41.0% · cash 0.0%
Profitability 27-29
return on assets -1.3%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (749 companies, NACE 25, small)
Last 24 months 11-2024: 0.5%lowest value 12-2024: 0.5%● unchanged vs 11-2024lowest value 01-2025: 0.5%● unchanged vs 12-2024lowest value 02-2025: 0.5%● unchanged vs 01-2025lowest value 03-2025: 0.6%▲ +0.1 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.3 percentage points vs 07-2025 09-2025: 1.2%▲ +0.3 percentage points vs 08-2025 10-2025: 2.0%▲ +0.8 percentage points vs 09-2025highest value 11-2025: 1.0%▼ -1.0 percentage point vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.1%▲ +0.1 percentage points vs 02-2026 04-2026: 1.1%● unchanged vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 0.6%▼ -0.5 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.42, compared with 1.92 in 2024, above the usual 1.5; short-term debt: 41% and cash: 0% of total assets), and 41% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, small): better than 71% on solvency, 24% on liquidity, 13% on profitability and 19% on growth.

The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 2.42, cash €0, halved
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 days early
2024
62 days late
2023
422 days late
2022
5 days early
2021
29 days late
2020
30 days late
2019
28 days 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 79 days after the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% 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 1 October (3 of the last 3 filed years within 361 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: Malawi (director) and BAKER TILLY…Permanent representatives: Didier Staelens and…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€34,947

Key points

  • Caution: From profit to loss in 2025after €56,827 in 2024 -€34,947 View
  • Caution: Among the weakest 20% on net resultsector median €79,152 · 828 companies -€34,947 View
  • Controlled by IC-CONSTRUCTultimately: Cold Care Group MidCo… 100% View
  • New directorlatest change 01-09-2026 · 4 in office 1 joined View

By topic

Financials

Financial year
2025
Turnover
€8.8m
Loss
-€34,947
Solvency
59.0%
Turnover▼ 17.6%
Net result
20232025
Go to Financials

Board & ownership

Board
4 members
Parent
IC-CONSTRUCT · 100%
Auditor
BV Baker Tilly Bedrijfsrevisoren
  • ENGELTJES,Hendrik DirkDirector
  • MalawiManaging director
  • Cold Care Group B.V.Director
  • P.C. BVManaging director
Go to Board & ownership

Timeline

Events
45
Since
1991
Next accounts
by 31-07-2027
  1. 01-10-2025Annual accounts filed
  2. 26-09-2025Annual accounts filed
  3. 16-04-2024Appointment: Vander Donckt - Roobrouck - Christiaens…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
19-10-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
43
Annual meeting
Second Saturday of May at 10:00
Purpose
“Projectplanning en-ontwikkeling,engineering,ontwerp,bouwtoezicht en -beheer,algemene…” (deed in Dutch)
Go to Articles of association

Key facts about HOSA

What is the company number of HOSA?
0438.621.330. In Belgium the VAT number is the company number with BE in front: BE 0438.621.330.
Where is HOSA based?
The registered office is at Zuidkaai 8, 8770 Ingelmunster.Company details
What does HOSA do?
According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
What is the legal form of HOSA?
Public limited company (NV).
When was HOSA founded?
On 19-10-1989.
Is HOSA still active?
Yes, HOSA is an active enterprise in the KBO register.
How many employees does HOSA have?
On average 32.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HOSA?
€8.8m in financial year 2025, according to the filed annual accounts.
Is HOSA profitable?
In financial year 2025, HOSA made a loss of €34,947.
Where can I find the annual accounts of HOSA?
HOSA filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HOSA due?
By 31-07-2027, for financial year 2026.Timeline

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