HOUBEN
ActiveHOUBEN has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.93M and a net result of €954k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▼-5
Solvency51▼-1
Growth56▲+2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.36 in 2024; short-term debt: 70.6% and cash: 20.7% of total assets), and 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.5%
Return on assets
1.6%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
22 d early
2023
6 d early
2022
31 d early
2021
13 d early
2020
8 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€138.11M▲ 17.5%
2024 · €117.50M
2018: €76.62M
2019: €91.88M
2020: €95.07M
2021: €63.34M
2022: €96.90M
2023: €114.74M
2024: €117.50M
2018 → 2025
EBIT margin
1.1%▼ 1.0pp
2024 · 2.0%
2018: 2.8%
2019: 0.6%
2020: -0.2%
2021: -5.2%
2022: 2.2%
2023: 6.1%
2024: 2.0%
2018 → 2025
Net result
€954k▼ 36.7%
2024 · €1.51M
2018: €1.53M
2019: €508k
2020: €-226k
2021: €-3.28M
2022: €2.01M
2023: €5.51M
2024: €1.51M
2018 → 2025
Working capital
€14.45M▼ 3.2%
2024 · €14.93M
2018: €10.31M
2019: €9.55M
2020: €8.92M
2021: €6.01M
2022: €8.78M
2023: €14.32M
2024: €14.93M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€63.34M-€96.90M▲ 53.0%€114.74M▲ 18.4%€117.50M▲ 2.4%€138.11M▲ 17.5%
Equity€7.39M-€9.41M▲ 27.2%€14.92M▲ 58.5%€15.67M▲ 5.1%€15.93M▲ 1.6%
Operating result€-3.31M-€2.11M€7.05M▲ 234%€2.38M▼ 66.3%€1.46M▼ 38.4%
Net result€-3.28M-€2.01M€5.51M▲ 173%€1.51M▼ 72.7%€954k▼ 36.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €60.20M
Fixed assets
€3.22M▲ 61.1%
Current assets
€56.98M▲ 1.2%
Equity and liabilities €60.20M
Equity
€15.93M▲ 1.6%
Provisions
€1.42M▲ 20.9%
Debt
€42.86M▲ 3.4%
The debt ratio rises from 71.1% to 71.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.72M▼
2024 · €2.63M
Cash flow
€1.21M▼
2024 · €1.76M
Solvency
26.5%▼
2024 · 26.9%
Current ratio
1.34▼
2024 · 1.36
Quick ratio
1.24▼
2024 · 1.24
Debt / equity
2.69▲
2024 · 2.65
ROE
6.0%▼
2024 · 9.6%
ROA
1.6%▼
2024 · 2.6%
Interest coverage
4.90▼
2024 · 5.39
Debt
€42.86M▲
2024 · €41.46M
Debt ≤ 1 year
€42.53M▲
2024 · €41.38M
Income taxes
€400k▼
2024 · €619k
Staff costs
€9.14M▲
2024 · €7.67M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€58.31M€60.20M▲
Fixed assets21/28€2.00M€3.22M▲
Intangible fixed assets21€94k€1.45M▲
Tangible fixed assets22/27€591k€493k▼
Plant, machinery and equipment23€268k€216k▼
Furniture and vehicles24€262k€227k▼
Other tangible fixed assets26€61k€50k▼
Financial fixed assets28€1.31M€1.28M▼
Companies linked by participating interests282/3€332k€330k▼
Participating interests282€332k€330k▼
Other financial fixed assets284/8€983k€947k▼
Shares284€93k€90k▼
Amounts receivable and cash guarantees285/8€890k€857k▼
Current assets29/58€56.31M€56.98M▲
Stocks and contracts in progress3€5.01M€4.38M▼
Stocks30/36€4.49M€3.06M▼
Raw materials and consumables30/31€599k€1.99M▲
Work in progress32€1.41M€815k▼
Property held for sale35€2.21M€0▼
Advance payments36€261k€261k=
Contracts in progress37€521k€1.32M▲
Amounts receivable within one year40/41€38.35M€37.29M▼
Trade receivables40€32.94M€34.55M▲
Other amounts receivable41€5.41M€2.73M▼
Current investments50/53€2.38M€2.40M▲
Other investments51/53€2.38M€2.40M▲
Cash at bank and in hand54/58€10.18M€12.47M▲
Deferred charges and accrued income490/1€394k€436k▲
Equity and liabilities
Total equity and liabilities10/49€58.31M€60.20M▲
Equity10/15€15.67M€15.93M▲
Contributions10/11€2.01M€2.01M=
Capital10€2.01M€2.01M=
Issued capital100€2.01M€2.01M=
Reserves13€2.74M€2.74M=
Non-distributable reserves130/1€201k€201k=
Legal reserve130€201k€201k=
Tax-exempt reserves132€1,000k€1,000k=
Distributable reserves133€1.54M€1.54M=
Profit (loss) carried forward14€10.93M€11.18M▲
Provisions and deferred taxes16€1.18M€1.42M▲
Provisions for liabilities and charges160/5€1.18M€1.42M▲
Environmental obligations163-€7k
Other liabilities and charges164/5€1.18M€1.42M▲
Amounts payable17/49€41.46M€42.86M▲
Amounts payable within one year42/48€41.38M€42.53M▲
Current portion of amounts payable after more than one year42€413k€418k▲
Financial debts43€6.87M€2.83M▼
Credit institutions430/8€6.87M€2.83M▼
Trade debts44€28.78M€26.11M▼
Suppliers440/4€28.78M€26.11M▼
Advances received on contracts in progress46€2.63M€4.78M▲
Taxes, remuneration and social security45€1.94M€912k▼
Taxes450/3€1.49M€260k▼
Remuneration and social security454/9€455k€652k▲
Other amounts payable47/48€750k€7.48M▲
Accrued charges and deferred income492/3€80k€325k▲
Income statement
Code20242025
Operating income70/76A€117.57M€144.22M▲
Turnover70€117.50M€138.11M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-856k€4.50M▲
Own construction capitalised72-€637k
Other operating income74€922k€941k▲
Non-recurring operating income76A€4k€34k▲
Operating charges60/66A€115.19M€142.75M▲
Goods for resale, raw materials and consumables60€89.83M€111.22M▲
Purchases600/8€89.98M€112.65M▲
Change in stocks: decrease (increase)609€-144k€-1.43M▼
Services and other goods61€18.06M€21.75M▲
Remuneration, social security and pensions62€7.67M€9.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251k€256k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-435k€730▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-251k€240k▲
Other operating charges640/8€71k€144k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€2.38M€1.46M▼
Financial income75/76B€296k€376k▲
Recurring financial income75€296k€251k▼
Income from financial fixed assets750€10k€12k▲
Income from current assets751€17k€44k▲
Other financial income752/9€268k€194k▼
Non-recurring financial income76B-€125k
Financial charges65/66B€547k€487k▼
Recurring financial charges65€547k€487k▼
Debt charges650€487k€351k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-26k€-141▲
Other financial charges652/9€87k€136k▲
Profit (loss) for the period before taxes9903€2.13M€1.35M▼
Income taxes67/77€619k€400k▼
Taxes670/3€619k€400k▼
Profit (loss) for the period9904€1.51M€954k▼
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€1.51M€954k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10.93M€11.88M▲
Profit (loss) brought forward from the previous period14P€9.42M€10.93M▲
Transfer from equity791/2€750k€0▼
From reserves792€750k€0▼
Profit to be distributed694/7€750k€700k▼
Return on contributions (dividend)694€750k€700k▼
Social balance
Average headcount (FTE)9087101.6106.9▲
The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €5.51M ▲173%
Operating result €7.05M, net result €5.51M, both a record.
31-12
Financial
Equity above €10MEq €14.92M ▲58.5%
2 profitable years in a row build equity to €14.92M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €2.01M
Net result €2.01M after 2 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-3.28M
Net result drops to €-3.28M, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Hasselt · 1 establishment unit since 1977
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Prins-Bisschopssingel 363500 HasseltGround area
4,286 m²
Building footprint
1,632 m²
Volume, LiDAR
16,807 m³
Parcel 71324E0464/00A002, Flanders · tallest building 15.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HOUBEN
since 19772.013.053.173
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0464/00A002 | Flanders | 4,286 m² | 1 · 1,632 m² | 15.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 9,913 EUR awarded · 9,913 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -791 EUR | 0 EUR |
| 2024 | 1 | 9,000 EUR | 8,209 EUR |
| 2022 | 1 | 1,704 EUR | 1,704 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
25 categoriesHOUBEN NV00915
Dual-learning approval
5 live approvals · 1 endedIjzervlechter en bekister-betonneerder duaal (so)
Medewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 169 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-11-1976
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
45213
43331Floor and wall tiling
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.