HOSTRUCT
ActiveSummary
HOSTRUCT has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228,792 and a net result of €36,738. Equity is growing by about 6.5% per year across the filed financial years. Its solvency ranks better than 69% of 2,316 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €228,792
- Profit
- €36,738
Why 93raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.74, cash €258,073Equity €228,792 (63.9% of total assets)Size: total assets €358,072Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro): better than 69% on solvency, 82% on liquidity, 66% on profitability and 19% on growth.
The bankruptcy probability was computed on 24-10-2026 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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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 26 days after the deadline; the sector median (NACE 25) for financial year 2024 is 8 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 17% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €23,175 | €29,431 | €15,678 | ▼ 46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,429 | €13,862 | €4,376 | €4,146 | €7,291 | €5,772 | €5,772 | €5,705 | ▼ 1.2% |
| Other operating charges640/8 | - | - | - | €102 | €369 | €3,474 | €406 | €414 | ▲ 1.9% |
| Gross operating margin9900 | €53,544 | €99,546 | €127,225 | €112,309 | €46,171 | €109,630 | €83,082 | €77,293 | ▼ 7.0% |
| Operating profit (loss)9901 | €33,627 | €85,339 | €122,531 | €108,062 | €38,511 | €77,210 | €47,473 | €55,496 | ▲ 16.9% |
| Financial income75/76B | - | - | - | €464 | €72 | €12 | €636 | €648 | ▲ 1.9% |
| Recurring financial income75 | €190 | €24 | €177 | €464 | €72 | €12 | €636 | €648 | ▲ 1.9% |
| Financial charges65/66B | - | - | - | €3,608 | €668 | €2,613 | €5,651 | €1,235 | ▼ 78.2% |
| Recurring financial charges65 | €3,040 | €2,997 | €3,417 | €3,608 | €668 | €2,613 | €5,651 | €1,235 | ▼ 78.2% |
| Profit (loss) for the period before taxes9903 | €30,778 | €82,365 | €119,291 | €104,917 | €37,914 | €74,609 | €42,458 | €54,909 | ▲ 29.3% |
| Income taxes67/77 | €8,558 | €29,501 | €39,134 | €33,549 | €12,574 | €24,255 | €10,927 | €18,172 | ▲ 66.3% |
| Profit (loss) for the period9904 | €22,220 | €52,864 | €80,157 | €71,369 | €25,340 | €50,354 | €31,531 | €36,738 | ▲ 16.5% |
| Profit (loss) for the period to be appropriated9905 | €22,220 | €52,864 | €80,157 | €71,369 | €25,340 | €50,354 | €31,531 | €36,738 | ▲ 16.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €219,129 | €275,941 | €397,360 | €379,505 | €365,599 | €425,914 | €351,710 | €358,072 | ▲ 1.8% |
| Fixed assets21/28 | €17,324 | €12,958 | €9,582 | €28,937 | €21,646 | €15,874 | €10,102 | €4,397 | ▼ 56.5% |
| Tangible fixed assets22/27 | €17,324 | €12,958 | €9,582 | €28,937 | €21,646 | €15,874 | €10,102 | €4,397 | ▼ 56.5% |
| Plant, machinery and equipment23 | - | - | - | €2,253 | €533 | €333 | €133 | - | - |
| Furniture and vehicles24 | - | - | - | €22,326 | €17,626 | €12,925 | €8,225 | €3,525 | ▼ 57.1% |
| Other tangible fixed assets26 | - | - | - | €4,359 | €3,487 | €2,615 | €1,744 | €872 | ▼ 50.0% |
| Current assets29/58 | €201,804 | €262,983 | €387,778 | €350,568 | €343,953 | €410,040 | €341,608 | €353,675 | ▲ 3.5% |
| Stocks and contracts in progress3 | €7,986 | €4,764 | €2,768 | €3,612 | €1,128 | €5,353 | €1,917 | €2,247 | ▲ 17.2% |
| Stocks30/36 | - | - | - | €3,612 | €1,128 | €5,353 | €1,917 | €2,247 | ▲ 17.2% |
| Amounts receivable within one year40/41 | €62,053 | €166,392 | €274,429 | €211,269 | €73,113 | €104,672 | €142,000 | €89,646 | ▼ 36.9% |
| Trade receivables40 | - | - | - | €197,866 | €61,154 | €100,891 | €109,155 | €82,315 | ▼ 24.6% |
| Other amounts receivable41 | - | - | - | €13,403 | €11,960 | €3,780 | €32,846 | €7,331 | ▼ 77.7% |
| Cash at bank and in hand54/58 | €129,384 | €89,588 | €108,362 | €132,255 | €266,209 | €295,101 | €192,609 | €258,073 | ▲ 34.0% |
| Deferred charges and accrued income490/1 | - | - | - | €3,432 | €3,502 | €4,914 | €5,082 | €3,710 | ▼ 27.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €219,129 | €275,941 | €397,360 | €379,505 | €365,599 | €425,914 | €351,710 | €358,072 | ▲ 1.8% |
| Equity10/15 | €110,687 | €162,751 | €242,107 | €273,232 | €279,225 | €291,943 | €271,411 | €228,792 | ▼ 15.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €98,287 | €150,351 | €229,707 | €260,832 | €266,825 | €279,543 | €259,011 | €216,392 | ▼ 16.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €258,972 | €264,965 | €279,543 | €259,011 | €216,392 | ▼ 16.5% |
| Amounts payable17/49 | €108,442 | €113,190 | €155,253 | €106,274 | €86,374 | €133,970 | €80,299 | €129,280 | ▲ 61.0% |
| Amounts payable after more than one year17 | €42,702 | €43,898 | €43,898 | €4,398 | €4,398 | €4,398 | - | - | - |
| Financial debts170/4 | - | - | - | €4,398 | €4,398 | €4,398 | - | - | - |
| Amounts payable within one year42/48 | €65,740 | €69,293 | €111,355 | €101,876 | €81,976 | €128,844 | €80,299 | €129,280 | ▲ 61.0% |
| Trade debts44 | €9,062 | €17,816 | €12,962 | €21,730 | €17,336 | €15,999 | €5,084 | €6,948 | ▲ 36.7% |
| Suppliers440/4 | - | - | - | €21,730 | €17,336 | €15,999 | €5,084 | €6,948 | ▲ 36.7% |
| Taxes, remuneration and social security45 | - | - | - | €42,114 | €6,301 | €17,265 | €25,754 | €14,046 | ▼ 45.5% |
| Taxes450/3 | - | - | - | €39,710 | €6,301 | €15,401 | €21,815 | €10,471 | ▼ 52.0% |
| Remuneration and social security454/9 | - | - | - | €2,405 | - | €1,864 | €3,939 | €3,575 | ▼ 9.2% |
| Other amounts payable47/48 | - | - | - | €38,032 | €58,339 | €95,580 | €49,461 | €108,287 | ▲ 119% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €729 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,220 | €52,864 | €80,157 | €71,369 | €25,340 | €50,354 | €31,531 | €36,738 | ▲ 16.5% |
| + Depreciation and write-downs630 | €19,429 | €13,862 | €4,376 | €4,146 | €7,291 | €5,772 | €5,772 | €5,705 | ▼ 1.2% |
| Operating cash flow (approximation) | €41,649 | €66,726 | €84,532 | €75,514 | €32,631 | €56,126 | €37,303 | €42,443 | ▲ 13.8% |
| Investment in fixed assets (approximation) | - | -€9,495 | -€1,000 | -€23,501 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€39,796 | €18,775 | €23,893 | €133,954 | €28,892 | -€102,492 | €65,464 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00320635 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00448543 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00391863 |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00431231 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20417224 |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53800595 |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55600262 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52500480 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57700213 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56900186 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · €17,825 awarded · €17,825 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,955 | €3,955 |
| 2024 | 1 | €7,501 | €7,501 |
| 2023 | 2 | €5,934 | €5,934 |
| 2022 | 1 | €435 | €435 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Hoornaert Jeroen |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-02
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 25-01-2025
- Registered-office move, Geluwestraat 34,8980 Zonnebeke (Beselare)
05-01
Gazette deed
Resignation: Hoornaert Jeroen (director)Reappointment: Hoornaert Jeroen (director) · Capital conversion · Amendment of the articles9 facts ▸
- General meeting, 12-12-2023
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Capital conversion, “middelen beschikbaar voor uitkering, opheffing aangelegde statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Director resignation, Hoornaert Jeroen (director)
- Director reappointment, Hoornaert Jeroen (director (not named in the articles))
- Other provision, “geen verbodsbepaling mandaat, niet getroffen door enige verbodsbepaling voor uitoefenen mandaat” (deed in Dutch)
- Director discharge, Hoornaert Jeroen
- Registered office clause, “8980 Zonnebeke (Beselare),Wervikstraat 146, ZESDE BESLUIT – ADRES VAN DE ZETEL” (deed in Dutch)
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33001E0449/00C000 | Flanders | 594 m² | 1 · 182 m² | 9.1 m · 2 |
| 33001D0078/00V000 | Flanders | 127 m² | 1 · 89 m² | 5.8 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1.Uitvoeren van laswerken.Fabricage van metaalconstructies.Onder meer laswerk en metalen constructies van,aan en…” (deed in Dutch)
10 activities (deed in Dutch)
- 1.Uitvoeren van laswerken.Fabricage van metaalconstructies.Onder meer laswerk en metalen constructies van,aan en op:gebouwen,landbouwgebouwen,bedrijfsgebouwen,afsluitingen,rollend materiaal,machinetoebehoren,land-en tuinbouwmachines en metalen inrichtingen;
- 2.Onderhoud en reparatie van motorvoertuigen,carrosserieherstelling,reparaties van de mechanische onderdelen en van de elektrische installatie,het algemeen onderhoud en repartie van auto’s,lichte bestelwagens en overige motorvoertuigen;
- 3.Onderhouds-en herstellingswerken van mechanische aard,onderhoud en herstelling van overige machines voor de industrie,land-en bosbouw.Onderhoud en herstelling van landbouwtractoren,motoculteurs en gazonmaaiers;
- 4.Uitvoeren van klusjes voor derden,vervoer voor derden,uitvoeren van afbraak-en opruimwerken,uitvoeren van herstellingswerken allerhande;
- 5.Het boren,draaien,frezen,vonkerosief bewerken,schaven,lappen,trekfrezen,vlakken,zagen,slijpen,lassen,…van metalen stukken;uitbaten van een werkplaats voor metaalverwerkende nijverheid;
- 6.In-en uitvoer,handel,fabricage,herstelling,montage en plaatsing van metalen constructies en constructies uit andere materialen;trappen,balustrades,leuningen en poorten;grond-en hulpstoffen;ijzerwaren;machines;werktuigmachines,gereedschap en toebehoren,hijstoestellen,los-en laadtoestellen,weegtoestellen,land-en tuinbouwmachines;radio-elektrische toestellen en materieel;
- 7.Tussenpersoon in de handel,zonder beperking;met inbegrip van handel via website of andere platformen.
- 8.Het opnemen van het mandaat van bestuurder,volmachtdrager,mandataris of vereffenaar in vennootschappen;
- 9.Het patrimonium van de vennootschap beheren in de ruimste zin van het woord,alle beschikbare middelen beleggen,zowel in roerende als onroerende goederen,binnen dit kader:Belegging en beheer gaande van onroerende goederen en rechten tot roerende goederen en kapitaal,dit alles hetzij voor eigen rekening,hetzij voor rekening van derden of in deelname van derden.Handel in eigen onroerend goed,bouwen en verbouwen van eigen onroerend goed.Op lange termijn aanhouden van aandelen,participaties,…die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren.Aanhouden kunstpatrimonium.
- 10.Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm,eveneens borg stellen of aval verlenen in de ruimste zin,alle handels-en financiële operaties verrichten,behalve die wettelijk voorbehouden zijn aan de depositobanken,spaarkassen,hypotheekmaatschappijen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HOSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, enkel besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder” (deed in Dutch)“Vergoeding van de bestuurders, 13” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Na termijn betaling afdwingbaar met alle middelen rechtens, werkelijke waarde op dag overdracht” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, 18” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, 19” (deed in Dutch)