HOUVARK
ActiveSummary
HOUVARK has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €400,502. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 42% of 1784 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+2
Solvency61▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.64 in 2024; short-term debt: 35.9% and cash: 11.9% of total assets), and 64.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
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
35.6%
Return on assets
10.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
69 d late
2023
30 d late
2022
32 d late
2021
31 d late
2020
81 d early
2019
27 d late
← 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 20 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Houthulst, Agriculture, forestry and fishing sector#4 company by total assets in Houthulst, Agriculture, forestry and fishing sector#6 employer in Houthulst
Turnover
€4.3m
EBIT margin
11.6%
Net result
€400,502▼ 25.0%
2024 · €533,838
Working capital
€669,576▲ 0.5%
2024 · €666,024
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€4.3m
Operating result€510,073▲ 36.0%€459,299▼ 10.0%€278,727▼ 39.3%€799,208▲ 187%€502,931▼ 37.1%
Net result€330,061above the sector's middle half▲ 1.2%€298,139above the sector's middle half▼ 9.7%€172,065within the sector's middle half▼ 42.3%€533,838above the sector's middle half▲ 210%€400,502above the sector's middle half▼ 25.0%
EBIT margin11.6%
Equity€662,123within the sector's middle half▼ 58.8%€949,712within the sector's middle half▲ 43.4%€1.1mwithin the sector's middle half▲ 18.0%€1.7mabove the sector's middle half▲ 47.5%€1.4mwithin the sector's middle half▼ 14.4%
Total assets€4.3mabove the sector's middle half▼ 28.3%€3.9mabove the sector's middle half▼ 9.4%€3.5mabove the sector's middle half▼ 8.7%€3.9mabove the sector's middle half▲ 11.5%€4.0mabove the sector's middle half▲ 1.4%
Debt€3.6m▼ 17.0%€2.9m▼ 19.1%€2.4m▼ 17.4%€2.3m▼ 5.4%€2.6m▲ 12.9%
Working capital€458,597within the sector's middle half▼ 57.7%€932,606above the sector's middle half▲ 103%€841,403above the sector's middle half▼ 9.8%€666,024within the sector's middle half▼ 20.8%€669,576above the sector's middle half▲ 0.5%
Solvency15.6%within the sector's middle half▼ 11.5pp24.6%within the sector's middle half▲ 9.1pp31.8%within the sector's middle half▲ 7.2pp42.1%within the sector's middle half▲ 10.3pp35.6%within the sector's middle half▼ 6.6pp
Current ratio1.37within the sector's middle half▼ 0.622.01within the sector's middle half▲ 0.641.87within the sector's middle half▼ 0.141.64within the sector's middle half▼ 0.231.47within the sector's middle half▼ 0.17
Return on assets (ROA)7.8%within the sector's middle half▲ 2.3pp7.7%within the sector's middle half=4.9%within the sector's middle half▼ 2.8pp13.6%above the sector's middle half▲ 8.7pp10.1%above the sector's middle half▼ 3.5pp
Staff (FTE)37.1above the sector's middle half▼ 3.1%39.6above the sector's middle half▲ 6.7%34.2above the sector's middle half▼ 13.6%32.9above the sector's middle half▼ 3.8%40.4above the sector's middle half▲ 22.8%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€1.9m ▼ 15.2%
Current assets
€2.1m ▲ 22.8%
Equity and liabilities €4.0m
Equity
€1.4m ▼ 14.4%
Debt
€2.6m ▲ 12.9%
Debt's share of the balance-sheet total rises from 57.9% to 64.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.1m▼
2024 · €1.4m
Cash flow
€948,287▼
2024 · €1.1m
Quick ratio
1.30▼
2024 · 1.44
Debt to equity
1.81▲
2024 · 1.37
ROE
28.3%▼
2024 · 32.3%
Interest coverage
29.86▼
2024 · 38.76
Debt ≤ 1 year
€1.4m▲
2024 · €1.0m
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€75,817▼
2024 · €239,467
Staff costs
€1.4m▲
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,341 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% | 1.0% |
| 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% 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 20,134 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €4.3m | - |
| Non-recurring operating income76A | €15,500 | - | €6,906 | €11,131 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €1.9m | - |
| Remuneration, social security and pensions62 | €922,840 | €968,577 | €1.1m | €1.0m | €1.4m | ▲ 29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €662,597 | €690,866 | €686,544 | €560,811 | €547,785 | ▼ 2.3% |
| Other operating charges640/8 | €36,616 | €27,994 | €30,838 | €29,924 | €33,732 | ▲ 12.7% |
| Non-recurring operating charges66A | - | - | - | €15,884 | - | - |
| Gross operating margin9900 | €2.1m | €2.1m | €2.1m | €2.5m | €2.4m | ▼ 0.5% |
| Operating profit (loss)9901 | €510,073 | €459,299 | €278,727 | €799,208 | €502,931 | ▼ 37.1% |
| Financial income75/76B | €12,310 | €13,265 | €16,403 | €9,186 | €8,573 | ▼ 6.7% |
| Recurring financial income75 | €12,310 | €13,265 | €16,403 | €9,186 | €8,573 | ▼ 6.7% |
| Financial charges65/66B | €28,015 | €31,060 | €36,548 | €35,089 | €35,184 | ▲ 0.3% |
| Recurring financial charges65 | €28,015 | €31,060 | €36,548 | €35,089 | €35,184 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €494,368 | €441,505 | €258,581 | €773,305 | €476,320 | ▼ 38.4% |
| Income taxes67/77 | €164,307 | €143,365 | €86,516 | €239,467 | €75,817 | ▼ 68.3% |
| Profit (loss) for the period9904 | €330,061 | €298,139 | €172,065 | €533,838 | €400,502 | ▼ 25.0% |
| Transfer from tax-exempt reserves789 | €8,927 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €338,988 | €298,139 | €172,065 | €533,838 | €400,502 | ▼ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €3.9m | €3.5m | €3.9m | €4.0m | ▲ 1.4% |
| Fixed assets21/28 | €2.5m | €2.0m | €1.7m | €2.2m | €1.9m | ▼ 15.2% |
| Tangible fixed assets22/27 | €2.5m | €2.0m | €1.7m | €2.2m | €1.8m | ▼ 15.6% |
| Land and buildings22 | €1.2m | €917,595 | €845,114 | €1.2m | €1.1m | ▼ 11.8% |
| Plant, machinery and equipment23 | €1.2m | €899,629 | €688,798 | €832,457 | €688,479 | ▼ 17.3% |
| Furniture and vehicles24 | €123,485 | €144,622 | €138,605 | €104,960 | €56,157 | ▼ 46.5% |
| Financial fixed assets28 | €36,334 | €36,057 | €35,950 | €35,947 | €39,972 | ▲ 11.2% |
| Current assets29/58 | €1.7m | €1.9m | €1.8m | €1.7m | €2.1m | ▲ 22.8% |
| Amounts receivable after more than one year29 | €467,116 | €1.0m | €647,452 | €451,787 | €492,845 | ▲ 9.1% |
| Other amounts receivable291 | €467,116 | €1.0m | €647,452 | €451,787 | €492,845 | ▲ 9.1% |
| Stocks and contracts in progress3 | €243,402 | €209,186 | €220,926 | €211,546 | €241,674 | ▲ 14.2% |
| Stocks30/36 | €243,402 | €209,186 | €220,926 | €211,546 | €241,674 | ▲ 14.2% |
| Amounts receivable within one year40/41 | €777,785 | €272,875 | €464,520 | €580,193 | €866,711 | ▲ 49.4% |
| Trade receivables40 | €760,776 | €272,875 | €406,024 | €580,193 | €836,022 | ▲ 44.1% |
| Other amounts receivable41 | €17,009 | - | €58,496 | - | €30,689 | - |
| Current investments50/53 | €290 | €209 | €209 | €210 | €211 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €201,707 | €349,725 | €459,913 | €441,849 | €472,446 | ▲ 6.9% |
| Deferred charges and accrued income490/1 | €16,346 | €17,417 | €18,367 | €21,122 | €22,125 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €3.9m | €3.5m | €3.9m | €4.0m | ▲ 1.4% |
| Equity10/15 | €662,123 | €949,712 | €1.1m | €1.7m | €1.4m | ▼ 14.4% |
| Contributions10/11 | €3,955 | €3,955 | €3,955 | €3,955 | €3,955 | = |
| Reserves13 | €641,645 | €939,784 | €1.1m | €1.6m | €1.4m | ▼ 14.4% |
| Distributable reserves133 | €641,645 | €939,784 | €1.1m | €1.6m | €1.4m | ▼ 14.4% |
| Investment grants15 | €16,523 | €5,973 | €5,008 | €4,044 | €3,080 | ▼ 23.8% |
| Amounts payable17/49 | €3.6m | €2.9m | €2.4m | €2.3m | €2.6m | ▲ 12.9% |
| Amounts payable after more than one year17 | €2.3m | €2.0m | €1.4m | €1.2m | €1.1m | ▼ 6.5% |
| Financial debts170/4 | €2.1m | €1.8m | €1.2m | €1.2m | €1.1m | ▼ 5.7% |
| Other amounts payable178/9 | €209,392 | €171,232 | €178,609 | €21,970 | €11,112 | ▼ 49.4% |
| Amounts payable within one year42/48 | €1.2m | €924,920 | €969,983 | €1.0m | €1.4m | ▲ 37.1% |
| Current portion of amounts payable after more than one year42 | €469,444 | €527,778 | €577,778 | €514,815 | €467,593 | ▼ 9.2% |
| Trade debts44 | €477,888 | €129,577 | €73,276 | €146,127 | €249,277 | ▲ 70.6% |
| Suppliers440/4 | €477,888 | €129,577 | €73,276 | €146,127 | €249,277 | ▲ 70.6% |
| Taxes, remuneration and social security45 | €300,717 | €267,565 | €318,930 | €379,741 | €320,012 | ▼ 15.7% |
| Taxes450/3 | €212,916 | €153,390 | €236,247 | €265,448 | €183,211 | ▼ 31.0% |
| Remuneration and social security454/9 | €87,801 | €114,175 | €82,683 | €114,293 | €136,801 | ▲ 19.7% |
| Other amounts payable47/48 | - | - | - | - | €389,555 | - |
| Accrued charges and deferred income492/3 | €18,767 | €21,999 | €15,661 | €16,961 | €1,429 | ▼ 91.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €330,061 | €298,139 | €172,065 | €533,838 | €400,502 | ▼ 25.0% |
| + Depreciation and write-downs630 | €662,597 | €690,866 | €686,544 | €560,811 | €547,785 | ▼ 2.3% |
| Operating cash flow (approximation) | €992,658 | €989,006 | €858,609 | €1.1m | €948,287 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | -€141,740 | -€397,109 | -€1.1m | -€211,769 | ▲ 80.2% |
| Change in cash | - | €148,018 | €110,188 | -€18,064 | €30,597 | ▲ 269% |
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
2026
30-09
State Gazette act
Appointment: NYS ARNO (director)Permanent representative: NYS Arno4 facts ▸
State Gazette act
Appointment: NYS ARNO (director)
Permanent representative: NYS Arno4 facts ▸
- General meeting, 14-09-2026
- Director appointment, NYS ARNO (director)
- Board meeting, 14-09-2026
- Permanent representative, NYS Arno (permanent representative)
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 69 days late
2024
31-12
Financial
Highest result since 2018net €533,838 ▲210%
Operating result €799,208, net result €533,838, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €1mEq €1.1m ▲18%
6 profitable years in a row build equity to €1.1m.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
31-12
Financial
Weakest financial yearnet €131,059 ▼29.4%
Net result drops to €131,059, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Nys Arno
CurrentDirector · since 30-09-2026 · Private limited company
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Houthulst · 2 establishment units since 1997
Ground area
1.1 ha
Building footprint
1,192 m²
Volume, LiDAR
5,228 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Schrevelstraat 5, 8650 Houthulst
since 19972.202.529.114
Steenstraat 20, 8650 Houthulst
since 19972.083.846.248
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32306B0243/00R000 | Flanders | 6,636 m² | 1 · 243 m² | 7.8 m · 2 fl. |
| 32306B0273/00S000 | Flanders | 4,280 m² | 1 · 949 m² | 9.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Nys Arno |
|
Structure & network
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Subsidies and aid
Flemish government
2022 · 1 entry · 413 EUR awarded · 413 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 413 EUR | 413 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHouthulst2.083.846.248
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Company details
Identification
Legal formPrivate limited company
Founded01-10-1997
Fiscal year end31-12
Activities, NACEBEL 2025
01500Mixed farming
01462Crop and animal production, hunting and related service activities
81300Landscape service activities
Contact
E-mail
nysdesmet@skynet.beHouthulst
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461515706
Also
9925:BE0461515706
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.