HOTO
ActiveSummary
HOTO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,066 and a net result of €16,233. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-24
Solvency70▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.82 in 2024; short-term debt: 54.9% and cash: 6.7% of total assets), and 54.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
23 d early
2023
1 d early
2022
13 d early
2021
10 d early
2020
13 d late
2019
on the day
← 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 9 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 18 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€119,066▲ 15.8%
2024 · €102,834
Total assets
€263,944▼ 5.8%
2024 · €280,112
Net result
€16,233▼ 85.0%
2024 · €107,905
Working capital
-€6,957▲ 78.6%
2024 · -€32,471
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€123,076▼ 917%€34,079€15,849▼ 53.5%€121,496▲ 667%€37,388▼ 69.2%
Net result-€134,762below the sector's middle half€27,399within the sector's middle half-€1,828below the sector's middle half€107,905above the sector's middle half€16,233within the sector's middle half▼ 85.0%
Equity-€36,742below the sector's middle half-€3,243below the sector's middle half▲ 91.2%-€5,072below the sector's middle half▼ 56.4%€102,834within the sector's middle half€119,066within the sector's middle half▲ 15.8%
Total assets€206,213below the sector's middle half▼ 13.4%€214,859below the sector's middle half▲ 4.2%€191,590within the sector's middle half▼ 10.8%€280,112within the sector's middle half▲ 46.2%€263,944within the sector's middle half▼ 5.8%
Debt€242,955▲ 73.3%€218,102▼ 10.2%€196,662▼ 9.8%€177,279▼ 9.9%€144,878▼ 18.3%
Working capital-€209,938below the sector's middle half▼ 148%-€163,263below the sector's middle half▲ 22.2%-€154,224below the sector's middle half▲ 5.5%-€32,471below the sector's middle half▲ 78.9%-€6,957below the sector's middle half▲ 78.6%
Solvency-17.8%below the sector's middle half▼ 59.0pp-1.5%below the sector's middle half▲ 16.3pp-2.6%below the sector's middle half▼ 1.1pp36.7%within the sector's middle half▲ 39.4pp45.1%within the sector's middle half▲ 8.4pp
Current ratio0.13below the sector's middle half▼ 0.260.25below the sector's middle half▲ 0.120.22below the sector's middle half▼ 0.040.82below the sector's middle half▲ 0.600.95below the sector's middle half▲ 0.14
Return on assets (ROA)-65.4%below the sector's middle half▼ 65.9pp12.8%within the sector's middle half▲ 78.1pp-1.0%below the sector's middle half▼ 13.7pp38.5%above the sector's middle half▲ 39.5pp6.2%within the sector's middle half▼ 32.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263,944
Fixed assets
€126,024 ▼ 6.9%
Current assets
€137,920 ▼ 4.8%
Equity and liabilities €263,944
Equity
€119,066 ▲ 15.8%
Debt
€144,878 ▼ 18.3%
Debt's share of the balance-sheet total falls from 63.3% to 54.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50,270▼
2024 · €135,344
Cash flow
€29,114▼
2024 · €121,753
Debt to equity
1.22▼
2024 · 1.72
ROE
13.6%▼
2024 · 104.9%
Interest coverage
12.14▼
2024 · 45.95
Debt ≤ 1 year
€144,878▼
2024 · €177,279
Income taxes
€17,015▲
2024 · €10,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,875 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,084 | €13,602 | €14,838 | €13,848 | €12,882 | ▼ 7.0% |
| Other operating charges640/8 | - | €4,407 | €6,470 | €4,507 | €4,189 | ▼ 7.1% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | -€105,470 | €52,087 | €37,157 | €139,851 | €54,459 | ▼ 61.1% |
| Operating profit (loss)9901 | -€123,076 | €34,079 | €15,849 | €121,496 | €37,388 | ▼ 69.2% |
| Financial income75/76B | - | - | €10 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | €10 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €6,679 | €6,322 | €2,946 | €4,141 | ▲ 40.6% |
| Recurring financial charges65 | €6,187 | €6,679 | €6,322 | €2,946 | €4,141 | ▲ 40.6% |
| Profit (loss) for the period before taxes9903 | -€129,263 | €27,399 | €9,538 | €118,551 | €33,247 | ▼ 72.0% |
| Income taxes67/77 | €5,499 | €0 | €11,366 | €10,645 | €17,015 | ▲ 59.8% |
| Profit (loss) for the period9904 | -€134,762 | €27,399 | -€1,828 | €107,905 | €16,233 | ▼ 85.0% |
| Transfer to tax-exempt reserves689 | - | - | - | €105,000 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€134,762 | €27,399 | -€1,828 | €2,905 | €16,233 | ▲ 459% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €206,213 | €214,859 | €191,590 | €280,112 | €263,944 | ▼ 5.8% |
| Fixed assets21/28 | €173,724 | €160,122 | €149,153 | €135,305 | €126,024 | ▼ 6.9% |
| Tangible fixed assets22/27 | €173,724 | €160,122 | €149,153 | €135,305 | €126,024 | ▼ 6.9% |
| Land and buildings22 | - | €154,197 | €143,363 | €132,709 | €122,056 | ▼ 8.0% |
| Plant, machinery and equipment23 | - | €480 | €240 | €0 | €3,529 | - |
| Furniture and vehicles24 | - | €5,445 | €5,550 | €2,596 | €439 | ▼ 83.1% |
| Current assets29/58 | €32,489 | €54,737 | €42,437 | €144,807 | €137,920 | ▼ 4.8% |
| Amounts receivable within one year40/41 | €8,304 | €19,541 | €35,609 | €127,404 | €114,014 | ▼ 10.5% |
| Trade receivables40 | - | €19,541 | €35,576 | €127,404 | €114,014 | ▼ 10.5% |
| Other amounts receivable41 | - | - | €32 | €0 | - | - |
| Cash at bank and in hand54/58 | €9,924 | €29,764 | €1,472 | €11,781 | €17,754 | ▲ 50.7% |
| Deferred charges and accrued income490/1 | - | €5,432 | €5,357 | €5,623 | €6,153 | ▲ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €206,213 | €214,859 | €191,590 | €280,112 | €263,944 | ▼ 5.8% |
| Equity10/15 | -€36,742 | -€3,243 | -€5,072 | €102,834 | €119,066 | ▲ 15.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €85,519 | €85,519 | €85,519 | €190,519 | €190,519 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | €105,000 | €105,000 | = |
| Distributable reserves133 | - | €83,659 | €83,659 | €85,519 | €85,519 | = |
| Profit (loss) carried forward14 | -€134,762 | -€107,363 | -€109,191 | -€106,286 | -€90,053 | ▲ 15.3% |
| Amounts payable17/49 | €242,955 | €218,102 | €196,662 | €177,279 | €144,878 | ▼ 18.3% |
| Amounts payable within one year42/48 | €242,427 | €218,000 | €196,662 | €177,279 | €144,878 | ▼ 18.3% |
| Trade debts44 | €5,685 | €5,291 | €11,129 | €13,795 | €5,417 | ▼ 60.7% |
| Suppliers440/4 | - | €5,291 | €11,129 | €13,795 | €5,417 | ▼ 60.7% |
| Taxes, remuneration and social security45 | - | €19,035 | €20,364 | €32,406 | €26,637 | ▼ 17.8% |
| Taxes450/3 | - | €19,035 | €20,364 | €32,406 | €26,637 | ▼ 17.8% |
| Other amounts payable47/48 | - | €193,674 | €165,169 | €131,077 | €112,823 | ▼ 13.9% |
| Accrued charges and deferred income492/3 | - | €102 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€134,762 | €27,399 | -€1,828 | €107,905 | €16,233 | ▼ 85.0% |
| + Depreciation and write-downs630 | €14,084 | €13,602 | €14,838 | €13,848 | €12,882 | ▼ 7.0% |
| Operating cash flow (approximation) | -€120,678 | €41,001 | €13,010 | €121,753 | €29,114 | ▼ 76.1% |
| Investment in fixed assets (approximation) | - | €0 | -€3,869 | €0 | -€3,600 | - |
| Change in cash | - | €19,841 | -€28,293 | €10,309 | €5,974 | ▼ 42.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €107,905
Net result €107,905 after one loss-making year.
31-03
Financial
Equity above €100,000Eq €102,834
Equity rises from -€5,072 to €102,834.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €27,399
Net result €27,399 after one loss-making year.
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€134,762
Net result drops to -€134,762, the lowest in the series; recovery starts the following year.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 13 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
06-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Zonhoven · 1 establishment unit since 2004
Ground area
4,666 m²
Building footprint
709 m²
Volume, LiDAR
4,132 m³
Parcel 71066B1062/00G000, Flanders · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
HOTO
since 20042.144.519.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71066B1062/00G000 | Flanders | 4,666 m² | 1 · 709 m² | 13.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,869 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-09-2004
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
46170Agents in the wholesale of food, beverages and tobacco
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867101113
Also
9925:BE0867101113
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.