HOVA
ActiveHOVA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €26k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 2172 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+2
Solvency72▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.22 in 2024; short-term debt: 53% and cash: 18.3% of total assets), and 53% 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
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 · 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
47%
Return on assets
7.4%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
14 d early
2023
1 d early
2022
4 d early
2021
2 d early
2020
1 d early
2019
21 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€165k▲ 18.8%
2024 · €139k
2018: €35k
2019: €43k
2020: €52k
2021: €85k
2022: €100k
2023: €119k
2024: €139k
2018 → 2025
Total assets
€352k▲ 2.5%
2024 · €343k
2018: €491k
2019: €471k
2020: €446k
2021: €462k
2022: €487k
2023: €479k
2024: €343k
2018 → 2025
Net result
€26k▲ 32.4%
2024 · €20k
2018: €15k
2019: €9k
2020: €9k
2021: €32k
2022: €16k
2023: €19k
2024: €20k
2018 → 2025
Working capital
€-113k▲ 28.0%
2024 · €-157k
2018: €-117k
2019: €-96k
2020: €-90k
2021: €-62k
2022: €-76k
2023: €-61k
2024: €-157k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€100k▲ 18.4%€119k▲ 18.9%€139k▲ 16.6%€165k▲ 18.8%
Operating result€47k-€30k▼ 35.8%€35k▲ 17.4%€35k▼ 0.5%€40k▲ 13.3%
Net result€32k-€16k▼ 51.8%€19k▲ 21.5%€20k▲ 4.2%€26k▲ 32.4%
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 recovers in 2025; 2025 is 13% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €352k
Fixed assets
€278k▼ 7.1%
Current assets
€73k▲ 68.7%
Equity and liabilities €352k
Equity
€165k▲ 18.8%
Debt
€186k▼ 8.7%
The debt ratio falls from 59.5% to 53.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €61k
Cash flow
€48k▲
2024 · €46k
Solvency
47.0%▲
2024 · 40.5%
Current ratio
0.39▲
2024 · 0.22
Quick ratio
0.38▲
2024 · 0.20
Debt / equity
1.13▼
2024 · 1.47
ROE
15.8%▲
2024 · 14.2%
ROA
7.4%▲
2024 · 5.8%
Interest coverage
92.36▲
2024 · 11.54
Debt
€186k▼
2024 · €204k
Debt ≤ 1 year
€186k▼
2024 · €200k
Debt > 1 year
€0▼
2024 · €4k
Income taxes
€13k▲
2024 · €10k
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€343k€352k▲
Fixed assets21/28€300k€278k▼
Tangible fixed assets22/27€300k€278k▼
Land and buildings22€265k€232k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€542€886▲
Leasing and similar rights25€24k€14k▼
Other tangible fixed assets26-€23k
Current assets29/58€43k€73k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€0€3k▲
Trade receivables40€0€3k▲
Cash at bank and in hand54/58€38k€64k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€343k€352k▲
Equity10/15€139k€165k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€77k€103k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€71k€97k▲
Amounts payable17/49€204k€186k▼
Amounts payable after more than one year17€4k€0▼
Financial debts170/4€4k€0▼
Amounts payable within one year42/48€200k€186k▼
Current portion of amounts payable after more than one year42€9k€4k▼
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Taxes, remuneration and social security45€17k€11k▼
Taxes450/3€17k€11k▼
Other amounts payable47/48€171k€164k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€22k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A-€503
Gross operating margin9900€64k€65k▲
Operating profit (loss)9901€35k€40k▲
Financial income75/76B€0€15▲
Recurring financial income75€0€15▲
Financial charges65/66B€5k€670▼
Recurring financial charges65€5k€670▼
Profit (loss) for the period before taxes9903€30k€39k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€20k€26k▲
Profit (loss) for the period to be appropriated9905€20k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€26k▲
Transfer to equity691/2€20k€26k▲
To other reserves6921€20k€26k▲
The notes to these accounts (10 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €165k ▲18.8%
8 profitable years in a row build equity to €165k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €100k ▲18.4%
5 profitable years in a row build equity to €100k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €32k ▲258%
Operating result €47k, net result €32k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet €9k ▼41.8%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herk-de-Stad · 1 establishment unit since 1995
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.
Hasseltsestraat 53540 Herk-de-StadGround area
378 m²
Building footprint
217 m²
Volume, LiDAR
1,483 m³
Parcel 71024A0648/00M000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Piano
since 19952.069.603.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0648/00M000 | Flanders | 378 m² | 1 · 217 m² | 11.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerk-de-Stad2.069.603.579
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VALDIN
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-07-1994
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.