HOSTIJN
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00526980.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 16 filings
Turnover
€17.9m▲ 3.9%
2024 · €17.2m
EBIT margin
12.8%▲ 2.0pp
2024 · 10.8%
Net result
€1.7m▲ 26.0%
2024 · €1.3m
Working capital
€3.6m▼ 16.0%
2024 · €4.2m
In the rankings
#6 company by staff growth in Hainaut, Food products sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€17.9m
▲ 3.9%
2025
20182025
Operating result
€2.3m
▲ 23.4%
2025
20182025
Net result
€1.7m
▲ 26.0%
2025
highest quarter of the sector
20182025
EBIT margin
12.8%
▲ 2.0pp
2025
20182025
Equity
€5.8m
▼ 10.6%
2025
highest quarter of the sector
20182025
Total assets
€9.2m
▲ 18.9%
2025
highest quarter of the sector
20182025
Debt
€3.3m
▲ 182%
2025
20182025
Working capital
€3.6m
▼ 16.0%
2025
highest quarter of the sector
20182025
Solvency
63.1%
▼ 20.8pp
2025
highest quarter of the sector
20182025
Current ratio
2.12
▼ 3.15
2025
highest quarter of the sector
20182025
Return on assets (ROA)
18.3%
▲ 1.0pp
2025
highest quarter of the sector
20182025
Staff (FTE)
18.7
▼ 1.1%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€17.2m€17.9m▲ 3.9%
Operating result€0.4m-€0.4m▼ 13.6%€0.9m▲ 153%€1.0m▲ 13.8%€1.3m▲ 30.5%€1.8m▲ 36.5%€1.9m▲ 1.2%€2.3m▲ 23.4%
Net result€0.2m-€0.2m▼ 11.8%€0.7mabove the sector's middle half▲ 233%€0.6mwithin the sector's middle half▼ 9.2%€0.9mabove the sector's middle half▲ 47.4%€1.2mabove the sector's middle half▲ 33.6%€1.3mabove the sector's middle half▲ 8.9%€1.7mabove the sector's middle half▲ 26.0%
EBIT margin10.8%12.8%▲ 2.0pp
Equity€1.6m-€1.8m▲ 12.8%€2.4mabove the sector's middle half▲ 32.5%€3.0mwithin the sector's middle half▲ 25.8%€3.9mwithin the sector's middle half▲ 29.3%€5.2mwithin the sector's middle half▲ 31.2%€6.5mwithin the sector's middle half▲ 25.9%€5.8mabove the sector's middle half▼ 10.6%
Total assets€3.0m-€3.1m▲ 1.5%€3.6mabove the sector's middle half▲ 16.0%€4.4mwithin the sector's middle half▲ 22.7%€5.1mwithin the sector's middle half▲ 17.5%€6.4mwithin the sector's middle half▲ 25.5%€7.8mwithin the sector's middle half▲ 20.8%€9.2mabove the sector's middle half▲ 18.9%
Debt€1.3m-€1.2m▼ 12.1%€1.1m▼ 8.9%€1.3m▲ 17.0%€1.1m▼ 10.6%€1.2m▲ 6.5%€1.2m▼ 0.3%€3.3m▲ 182%
Working capital€0.9m-€1.2m▲ 32.5%€1.7mabove the sector's middle half▲ 35.5%€2.0mwithin the sector's middle half▲ 21.3%€2.4mwithin the sector's middle half▲ 21.4%€3.5mabove the sector's middle half▲ 42.3%€4.2mabove the sector's middle half▲ 22.2%€3.6mabove the sector's middle half▼ 16.0%
Solvency53.8%-59.7%▲ 6.0pp68.2%above the sector's middle half▲ 8.5pp69.9%above the sector's middle half▲ 1.7pp77.0%above the sector's middle half▲ 7.1pp80.5%above the sector's middle half▲ 3.5pp83.9%above the sector's middle half▲ 3.4pp63.1%above the sector's middle half▼ 20.8pp
Current ratio2.00-2.53▲ 0.533.27above the sector's middle half▲ 0.733.11above the sector's middle half▼ 0.153.85above the sector's middle half▲ 0.734.62above the sector's middle half▲ 0.775.26above the sector's middle half▲ 0.642.12above the sector's middle half▼ 3.15
Return on assets (ROA)7.8%-6.8%▼ 1.0pp19.4%above the sector's middle half▲ 12.7pp14.4%above the sector's middle half▼ 5.1pp18.0%above the sector's middle half▲ 3.7pp19.2%above the sector's middle half▲ 1.2pp17.3%above the sector's middle half▼ 1.9pp18.3%above the sector's middle half▲ 1.0pp
Staff (FTE)5.7-6.3▲ 10.5%7.4within the sector's middle half▲ 17.5%9.2within the sector's middle half▲ 24.3%13.2within the sector's middle half▲ 43.5%16.1within the sector's middle half▲ 22.0%18.9within the sector's middle half▲ 17.4%18.7above the sector's middle half▼ 1.1%
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 23% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.2m
Fixed assets
€2.5m ▼ 2.1%
Current assets
€6.7m ▲ 29.0%
Equity and liabilities €9.2m
Equity
€5.8m ▼ 10.6%
Provisions
€60,000 =
Debt
€3.3m ▲ 182%
Debt's share of the balance-sheet total rises from 15.3% to 36.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.9m▲
2024 · €2.4m
Cash flow
€2.3m▲
2024 · €1.9m
Quick ratio
2.09▼
2024 · 5.17
Debt to equity
0.57▲
2024 · 0.18
ROE
29.0%▲
2024 · 20.6%
Interest coverage
over 100▲
2024 · 54.35
Debt ≤ 1 year
€3.2m▲
2024 · €993,883
Debt > 1 year
€150,000▼
2024 · €187,500
Income taxes
€582,963▲
2024 · €470,874
Customer credit
53 days
Supplier credit
12 days▲
2024 · 9 days
Staff costs
€945,845▲
2024 · €890,843
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 14 | 16 | 19 | 19 |
| full-time | 10 | 13 | 16 | 18 | 18 |
| part-time | - | 1 | - | 1 | 1 |
| in full-time equivalents | 10 | 13.8 | 16 | 18.9 | 18.9 |
| Average over the year, in full-time equivalents | 9.2 | 13.2 | 16.1 | 18.9 | 19.5 |
| On a permanent contract | 10 | 14 | 15 | 18 | 19 |
| Joined | 6 | 6 | 10 | 121 | 145 |
| Left | 4 | 2 | 9 | 119 | 145 |
| Training hours | - | - | - | 54 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €532,385 | €778,361 | €551,241 | €1.1m | €576,041 |
| Financial fixed assets | €135 | - | €135 | €270 | €135 |
| Depreciation and write-downs of the year | €287,776 | €322,732 | €370,556 | €531,835 | €598,436 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €17.2m | €17.9m | ▲ 3.9% |
| Non-recurring operating income76A | - | - | - | €0.007m | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €13.8m | €14.1m | ▲ 1.8% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.5m | €0.7m | €0.9m | €0.9m | ▲ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 12.5% |
| Other operating charges640/8 | - | - | - | €0.03m | €0.1m | €0.09m | €0.1m | €0.1m | ▼ 11.8% |
| Non-recurring operating charges66A | - | - | - | €0.005m | - | - | - | - | - |
| Gross operating margin9900 | €0.8m | €0.8m | €1.4m | €1.7m | €2.3m | €3.0m | €3.4m | €4.0m | ▲ 15.7% |
| Operating profit (loss)9901 | €0.4m | €0.4m | €0.9m | €1.0m | €1.3m | €1.8m | €1.9m | €2.3m | ▲ 23.4% |
| Financial income75/76B | - | - | - | €65 | €0.03m | €0.007m | €0.003m | €0.008m | ▲ 162% |
| Recurring financial income75 | €343 | €314 | €0.003m | €65 | €0.03m | €0.007m | €0.003m | €0.008m | ▲ 162% |
| Financial charges65/66B | - | - | - | €0.06m | €0.03m | €0.03m | €0.04m | €0.02m | ▼ 53.2% |
| Recurring financial charges65 | €0.06m | €0.02m | €0.05m | €0.06m | €0.03m | €0.03m | €0.04m | €0.02m | ▼ 53.2% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €0.9m | €1.0m | €1.3m | €1.8m | €1.8m | €2.3m | ▲ 25.5% |
| Income taxes67/77 | €0.1m | €0.1m | €0.3m | €0.3m | €0.4m | €0.6m | €0.5m | €0.6m | ▲ 23.8% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.7m | €0.6m | €0.9m | €1.2m | €1.3m | €1.7m | ▲ 26.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.09m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.7m | €0.7m | €0.9m | €1.2m | €1.3m | €1.7m | ▲ 26.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.0m | €3.1m | €3.6m | €4.4m | €5.1m | €6.4m | €7.8m | €9.2m | ▲ 18.9% |
| Formation expenses20 | - | - | - | - | - | - | €0 | - | - |
| Fixed assets21/28 | €1.2m | €1.0m | €1.2m | €1.4m | €1.8m | €2.0m | €2.5m | €2.5m | ▼ 2.1% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0 | €0 | - |
| Tangible fixed assets22/27 | €1.2m | €1.0m | €1.2m | €1.4m | €1.8m | €2.0m | €2.5m | €2.5m | ▼ 2.1% |
| Land and buildings22 | - | - | - | €0.7m | €1.0m | €1.0m | €1.1m | €1.0m | ▼ 9.0% |
| Plant, machinery and equipment23 | - | - | - | €0.3m | €0.4m | €0.5m | €0.8m | €0.9m | ▲ 14.5% |
| Furniture and vehicles24 | - | - | - | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 10.3% |
| Financial fixed assets28 | - | - | - | €135 | €135 | €270 | €0.001m | €0.001m | ▲ 25.0% |
| Current assets29/58 | €1.8m | €2.0m | €2.4m | €3.0m | €3.3m | €4.4m | €5.2m | €6.7m | ▲ 29.0% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €2.8m | - | - |
| Trade receivables290 | - | - | - | - | - | - | €2.6m | - | - |
| Other amounts receivable291 | - | - | - | - | - | - | €0.2m | - | - |
| Stocks and contracts in progress3 | €0.04m | €0.04m | €0.05m | €0.09m | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 4.7% |
| Stocks30/36 | - | - | - | €0.09m | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 4.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.5m | €0.4m | €1.0m | €1.4m | €2.2m | - | €3.0m | - |
| Trade receivables40 | - | - | - | €0.9m | €1.3m | €2.0m | - | €2.6m | - |
| Other amounts receivable41 | - | - | - | €0.05m | €0.09m | €0.3m | - | €0.4m | - |
| Cash at bank and in hand54/58 | €1.3m | €1.5m | €1.9m | €1.8m | €1.8m | €2.1m | €2.3m | €3.6m | ▲ 60.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.006m | €0.04m | €0.06m | ▲ 26.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.0m | €3.1m | €3.6m | €4.4m | €5.1m | €6.4m | €7.8m | €9.2m | ▲ 18.9% |
| Equity10/15 | €1.6m | €1.8m | €2.4m | €3.0m | €3.9m | €5.2m | €6.5m | €5.8m | ▼ 10.6% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.4m | €1.6m | €2.2m | €2.9m | €3.8m | €5.0m | €6.4m | €5.7m | ▼ 10.8% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Distributable reserves133 | - | - | - | €2.9m | €3.8m | €5.0m | €6.4m | €5.7m | ▼ 10.8% |
| Profit (loss) carried forward14 | €1.0m | €0.05m | €0.03m | €0.03m | €0.03m | €0.03m | €0 | - | - |
| Investment grants15 | - | - | - | €0.03m | - | - | - | - | - |
| Provisions and deferred taxes16 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Pensions and similar obligations160 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Amounts payable17/49 | €1.3m | €1.2m | €1.1m | €1.3m | €1.1m | €1.2m | €1.2m | €3.3m | ▲ 182% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 20.0% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 20.0% |
| Amounts payable within one year42/48 | €0.9m | €0.8m | €0.7m | €1.0m | €0.9m | €1.0m | €1.0m | €3.2m | ▲ 221% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Trade debts44 | €0.07m | €0.04m | €0.05m | €0.3m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 31.4% |
| Suppliers440/4 | - | - | - | €0.3m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 31.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.09m | €0.08m | €0.2m | €0.3m | ▲ 86.3% |
| Taxes450/3 | - | - | - | €0.09m | €0.02m | €0.007m | €0.02m | €0.2m | ▲ 666% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.06m | €0.08m | €0.1m | €0.1m | ▼ 3.5% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.5m | €0.4m | €2.4m | ▲ 440% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.008m | €0.006m | €0.004m | ▼ 26.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.7m | €0.6m | €0.9m | €1.2m | €1.3m | €1.7m | ▲ 26.0% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 12.5% |
| Operating cash flow (approximation) | €0.4m | €0.4m | €0.9m | €0.9m | €1.2m | €1.6m | €1.9m | €2.3m | ▲ 22.2% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.3m | -€0.5m | -€0.8m | -€0.5m | -€1.1m | -€0.5m | ▲ 48.7% |
| Change in cash | - | €0.2m | €0.4m | -€0.06m | -€0.06m | €0.3m | €0.2m | €1.4m | ▲ 674% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as HOSTIJN has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of HOSTIJN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for HOSTIJN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-09-2026 | 2026-00526980 | |
| 31-12-2024 | full format | 30-09-2025 | 2025-00514805 | |
| 31-12-2023 | full format | 31-08-2024 | 2024-00423817 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00295842 | |
| 31-12-2021 | full format | 28-09-2022 | 2022-20452873 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-44200051 | |
| 31-12-2019 | abbreviated format | 30-10-2020 | 2020-66700260 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-61300215 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57200446 | |
| 31-12-2016 | full format | 28-08-2017 | 2017-48800296 |