Equity
€15.9m ▲ 1.6%
HOUBEN paid out €700,000 in dividends. That is 73% of the 2025 profit.
HOUBEN
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €138.1m (2025)
€138.1m▲ 17.5%
lowest -€3.3m (2021)
€953,534▼ 36.7%
peak €15.9m (2025)
€15.9m▲ 1.6%
€42.9m▲ 3.4%
peak 106.9 FTE (2025)
106.9 FTE▲ 5.2%
Board11 names since 2017
4 directorsBELVI and 3 others
Owners2 names in the annual accounts
99.92%HOUBEN HOLDING
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
Turnover from €117.5m to €138.1mResult from €1.5m to €953,534Dividend €700,000Investments €1.5m
Key points
from the 2025 annual accountsDebts
€42.9m 71% of the balance sheet
Financial debts 7%Suppliers 61%Taxes and wages 2%Other 30%
Of this, €42.5m falls due within a year.
Investments
€1.5m 5.9 × depreciation
Green is investment, beige is depreciation.
Payment terms
72 days to suppliers
HOUBEN pays its suppliers 25 days earlier than in 2024. Customers pay 11 days earlier.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 6 to 31 days before the end of the period.
At the same address
37 companies
Checked score
94
Excellent
Financially stronger than 54% of medium-sized companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 209 companies (NACE 41, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 1976
Liquidity: current ratio 1.34, cash €12.5m
Size: turnover €138.1m, 106.9 FTE, total assets €60.2m
Calculation
The band follows from the bankruptcy probability. 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 41, medium-sized). It does better than 52% of them on solvency, 60% on liquidity, 44% on profitability and 61% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 733 companies had the same profile as HOUBEN has now. Each dot stands for 2 companies, two years later.
97.4%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HOUBEN itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 733 companies, not a prediction for HOUBEN. 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.
Credit verdict
Credit of up to €1,450,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.34 (1.36 in 2024), below the usual 1.5. Short-term debt is 70.6% and cash 20.7% of total assets. 73.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
22 days early
2023
6 days early
2022
31 days early
2021
13 days early
2020
8 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 15 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
FB
Finvision Bedrijfsrevisoren Hasselt BV
Auditor
- HOUBEN HOLDING 99.92%equity €16.0m (2025) · 2025 annual accounts of HOUBEN HOLDING
Shares in 3 companies, including SHOPPING CENTRUM OOST and Korabo
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0416669933
1 statutory auditor reappointed
Finvision Bedrijfsrevisoren Hasselt BV (statutory auditor) · Permanent representatives: Jurgen Jackers, Stijn Verhoeven and Ewald Houben · General meeting of 30-06-2024 · Gazette deed
Reappointment: Belvi NV (managing director)
Permanent representative: Ewald Houben · General meeting of 30-06-2023 · Gazette deed
1 director resigning
OBOX (managing director) · Permanent representatives: Peter Tans and Ewald Houben · General meeting of 09-11-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOUBEN Hasselt | €138.1m | 1.1% | 26.5% | 106.9 |
| Vanderstraeten Lummen | €124.7m | 3.7% | 34.6% | 166.2 |
| EDIBO Lommel | €71.8m | 6.6% | 34.7% | 87.4 |
| ALGEMENE ONDERNEMINGEN ROBERT WYCKAERT Ghent | €118.7m | 4.9% | 33.6% | 150.6 |
| JURI Zele | €103.7m | 13.2% | 29.1% | 152.4 |
| HOOYBERGHS Arendonk | €105.0m | -6.9% | 22.7% | 127.9 |
| vanhout.pro Turnhout | €89.4m | 9.7% | 23.6% | 129.5 |
Grey: the largest companies of the sector (construction of buildings (NACE 41)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HOUBEN: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €34m and €54m, founded between 1960 and 1986.
Official details
Source: KBO- Status
- Active since 25-11-1976Normal situation
- Registered office
- 39 active companies are registered at this address4 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- General construction of other non-residential buildingsNACE 41003and 2 others
- Joint committees
- 200Auxiliary committee for white-collar workers
- 124Construction · annual accounts 2025
- Establishment unit
- 2.013.053.1733500 Hasselt, since 01-01-1977
- Financial year end
- 31 December
- Peppol
- Reachable since 01-09-2025
Annual accounts 2025
- €60.2m▲ 3.3%
- Employeeson 31-12-2025
- 109▼ 1.8%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Companies linked to HOUBEN
Subsidiaries and holdings
Insights on HOUBEN
HOUBEN has existed since 1976. Turnover grew from €25.0m in 2006 to €138.1m in 2025.
Turnover has grown every year since 2021.
HOUBEN HOLDING holds all the shares. In July 2023, the Official Gazette published the appointment of BELVI as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HOUBEN
- What is the company number of HOUBEN?
- The company number of HOUBEN is 0416.669.933. The VAT number is the same number with BE in front: BE 0416.669.933.
- Where is HOUBEN based?
- The registered office is at Prins-Bisschopssingel 36, 3500 Hasselt.Company details
- What does HOUBEN do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of HOUBEN?
- HOUBEN is a public limited company (NV).
- When was HOUBEN founded?
- HOUBEN was founded on 25-11-1976.
- Is HOUBEN still active?
- Yes, HOUBEN is an active enterprise in the KBO register.
- How many employees does HOUBEN have?
- HOUBEN had an average of 106.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HOUBEN fall under?
- In its 2025 annual accounts, HOUBEN states joint committees 200 (Auxiliary committee for white-collar workers) and 124 (Construction).
- What is the turnover of HOUBEN?
- The turnover of HOUBEN was €138.1m in financial year 2025, according to the filed annual accounts.
- Is HOUBEN profitable?
- In financial year 2025, HOUBEN made a profit of €953,534.
- Where can I find the annual accounts of HOUBEN?
- HOUBEN filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOUBEN due?
- HOUBEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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