HOVADI
ActiveHOVADI has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €256k and a net result of €101k. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 7694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-1
Solvency52▼-32
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.33 in 2024; short-term debt: 69.7% and cash: 4% of total assets), and 73.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
26.6%
Return on assets
10.5%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
26 d early
2022
3 d early
2021
4 d early
2020
86 d early
2019
91 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€256k▼ 57.9%
2024 · €607k
2018: €1.25M
2019: €1.26M
2020: €1.31M
2021: €1.17M
2022: €1.12M
2023: €805k
2024: €607k
2018 → 2025
Total assets
€959k▼ 6.4%
2024 · €1.02M
2018: €1.62M
2019: €1.61M
2020: €1.53M
2021: €1.41M
2022: €1.31M
2023: €1.06M
2024: €1.02M
2018 → 2025
Net result
€101k▼ 14.9%
2024 · €118k
2018: €3k
2019: €72k
2020: €56k
2021: €-90k
2022: €-45k
2023: €103k
2024: €118k
2018 → 2025
Working capital
€-579k▼ 140%
2024 · €-242k
2018: €723k
2019: €568k
2020: €407k
2021: €296k
2022: €258k
2023: €-46k
2024: €-242k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.17M-€1.12M▼ 3.9%€805k▼ 28.4%€607k▼ 24.5%€256k▼ 57.9%
Operating result€-94k-€-51k▲ 45.5%€120k€138k▲ 15.1%€117k▼ 14.7%
Net result€-90k-€-45k▲ 49.9%€103k€118k▲ 15.2%€101k▼ 14.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €959k
Fixed assets
€870k▼ 4.1%
Current assets
€89k▼ 23.8%
Equity and liabilities €959k
Equity
€256k▼ 57.9%
Debt
€704k▲ 68.7%
The debt ratio rises from 40.7% to 73.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€157k▼
2024 · €181k
Cash flow
€140k▼
2024 · €161k
Solvency
26.6%▼
2024 · 59.3%
Current ratio
0.13▼
2024 · 0.33
Quick ratio
0.13▼
2024 · 0.32
Debt / equity
2.76▲
2024 · 0.69
ROE
39.4%▲
2024 · 19.5%
ROA
10.5%▼
2024 · 11.5%
Interest coverage
24.30▼
2024 · 24.69
Debt
€704k▲
2024 · €417k
Debt ≤ 1 year
€668k▲
2024 · €358k
Debt > 1 year
€36k▼
2024 · €59k
Income taxes
€10k▼
2024 · €12k
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€1.02M€959k▼
Fixed assets21/28€908k€870k▼
Tangible fixed assets22/27€908k€870k▼
Land and buildings22€861k€841k▼
Plant, machinery and equipment23€36k€24k▼
Furniture and vehicles24€12k€5k▼
Current assets29/58€117k€89k▼
Stocks and contracts in progress3€500€0▼
Stocks30/36€500€0▼
Amounts receivable within one year40/41€79k€42k▼
Trade receivables40€79k€42k▼
Other amounts receivable41€0€22▲
Cash at bank and in hand54/58€28k€38k▲
Deferred charges and accrued income490/1€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.02M€959k▼
Equity10/15€607k€256k▼
Contributions10/11€12k€12k=
Reserves13€731k€379k▼
Distributable reserves133€731k€379k▼
Profit (loss) carried forward14€-136k€-136k=
Amounts payable17/49€417k€704k▲
Amounts payable after more than one year17€59k€36k▼
Financial debts170/4€59k€36k▼
Amounts payable within one year42/48€358k€668k▲
Current portion of amounts payable after more than one year42€23k€23k▲
Financial debts43€471€886▲
Credit institutions430/8€471€886▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€40k€41k▲
Taxes450/3€39k€40k▲
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€293k€600k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€40k▼
Other operating charges640/8€3k€6k▲
Gross operating margin9900€184k€163k▼
Operating profit (loss)9901€138k€117k▼
Financial income75/76B€12€5▼
Recurring financial income75€12€5▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€130k€111k▼
Income taxes67/77€12k€10k▼
Profit (loss) for the period9904€118k€101k▼
Profit (loss) for the period to be appropriated9905€118k€101k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-35k▼
Profit (loss) brought forward from the previous period14P€-136k€-136k=
Transfer from equity791/2€316k€453k▲
Transfer to equity691/2€118k€101k▼
To other reserves6921€118k€101k▼
Profit to be distributed694/7€316k€453k▲
Return on contributions (dividend)694€316k€453k▲
The notes to these accounts (13 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €118k ▲15.2%
Operating result €138k, net result €118k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €103k
Net result €103k after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-90k ▼263%
Net result drops to €-90k, the lowest in the series; recovery starts the following year.
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
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, Gent · 2 establishment units since 2013
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.
Leeuwenhof 499031 GentGround area
6,591 m²
Building footprint
231 m²
Volume, LiDAR
1,220 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HOVADI
since 20132.218.810.167
Le Ground
since 20202.303.582.031
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A0811/00_000 | Flanders | 5,755 m² | - | - |
| 44017A1243/00D000 | Flanders | 836 m² | 1 · 231 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,575 companies in sector 82300 we hold annual accounts for 1,669. 1,181 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2013
Fiscal year end31-12
Activities, NACEBEL
82300Organisation of conventions and trade shows
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.