HOVAEREHOEVE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €405k and a net result of €59k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 8006 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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
30 d late
2023
138 d late
2022
31 d late
2021
31 d late
2020
18 d early
2019
14 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, micro schema
Equity
€405k▲ 16.6%
2024 · €347k
2018: €81k
2019: €93k
2020: €137k
2021: €208k
2022: €245k
2023: €293k
2024: €347k
2018 → 2025
Net result
€59k▲ 7.4%
2024 · €55k
2018: €34k
2019: €13k
2020: €43k
2021: €71k
2022: €38k
2023: €48k
2024: €55k
2018 → 2025
Total assets
€1.09M▼ 0.4%
2024 · €1.09M
2018: €1.10M
2019: €1.05M
2020: €1.18M
2021: €1.26M
2022: €1.19M
2023: €1.16M
2024: €1.09M
2018 → 2025
Solvency
37.3%▲ 5.4pp
2024 · 31.9%
2018: 7.3%
2019: 8.9%
2020: 11.5%
2021: 16.5%
2022: 20.5%
2023: 25.4%
2024: 31.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€208k-€245k▲ 18.1%€293k▲ 19.7%€347k▲ 18.4%€405k▲ 16.6%
Operating result€110k-€52k▼ 52.5%€76k▲ 46.4%€108k▲ 41.2%€99k▼ 8.3%
Net result€71k-€38k▼ 47.2%€48k▲ 28.9%€55k▲ 14.5%€59k▲ 7.4%
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 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€979k▼ 3.4%
Current assets
€107k▲ 40.7%
Equity and liabilities €1.09M
Equity
€405k▲ 16.6%
Debt
€681k▼ 8.3%
The debt ratio falls from 68.1% to 62.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
37.3%▲
2024 · 31.9%
ROE
14.7%▼
2024 · 15.9%
ROA
5.5%▲
2024 · 5.1%
Debt
€681k▼
2024 · €743k
Debt ≤ 1 year
€205k▲
2024 · €197k
Debt > 1 year
€456k▼
2024 · €524k
Income taxes
€23k▲
2024 · €22k
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€1.09M€1.09M▼
Fixed assets21/28€1.01M€979k▼
Tangible fixed assets22/27€967k€932k▼
Land and buildings22€813k€785k▼
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€3k€1k▼
Other tangible fixed assets26€150k€141k▼
Financial fixed assets28€47k€47k=
Current assets29/58€76k€107k▲
Amounts receivable within one year40/41€13k€11k▼
Trade receivables40€13k€11k▼
Other amounts receivable41-€232
Cash at bank and in hand54/58€61k€94k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.09M▼
Equity10/15€347k€405k▲
Contributions10/11€19k€19k=
Reserves13€329k€387k▲
Tax-exempt reserves132€215€215=
Distributable reserves133€329k€386k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€743k€681k▼
Amounts payable after more than one year17€524k€456k▼
Financial debts170/4€324k€256k▼
Other amounts payable178/9€200k€200k=
Amounts payable within one year42/48€197k€205k▲
Current portion of amounts payable after more than one year42€69k€68k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€18k€20k▲
Suppliers440/4€18k€20k▲
Taxes, remuneration and social security45€29k€26k▼
Taxes450/3€25k€26k▲
Remuneration and social security454/9€5k€0▼
Other amounts payable47/48€81k€90k▲
Accrued charges and deferred income492/3€22k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€77k▼
Other operating charges640/8€5k€9k▲
Gross operating margin9900€192k€185k▼
Operating profit (loss)9901€108k€99k▼
Financial income75/76B€8k€16k▲
Recurring financial income75€8k€16k▲
Financial charges65/66B€38k€33k▼
Recurring financial charges65€38k€33k▼
Profit (loss) for the period before taxes9903€78k€82k▲
Income taxes67/77€22k€23k▲
Profit (loss) for the period9904€55k€59k▲
Profit (loss) for the period to be appropriated9905€55k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€59k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€54k€58k▲
To other reserves6921€54k€58k▲
Profit to be distributed694/7€1k€2k▲
Return on contributions (dividend)694€1k€2k▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 138 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €71k ▲63.8%
Operating result €110k, net result €71k, both a record.
31-12
Financial
Equity above €200kEq €208k ▲52.1%
4 profitable years in a row build equity to €208k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €137k ▲46.6%
3 profitable years in a row build equity to €137k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €13k ▼62.8%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Koekelare · 1 establishment unit since 2011
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.
Hovaerestraat 1178680 KoekelareGround area
5,319 m²
Building footprint
347 m²
Volume, LiDAR
1,914 m³
Parcel 32010A1196/00F000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hovaerehoeve
since 20112.203.895.527
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010A1196/00F000 | Flanders | 5,319 m² | 1 · 347 m² | 9.5 m · 2 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 · 2 entries · 5,535 EUR awarded · 5,535 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
| 2022 | 1 | 3,115 EUR | 3,115 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 13,734 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-2011
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
01110Growing of cereals (except rice), leguminous crops and oil seeds
01130Growing of vegetables, melons, roots and tubers
01450Raising of sheep and goats
70200Business and other management consultancy
70220Business consulting
95240Repair and maintenance of furniture and upholstery
96101Personal service activities
96102Launderettes and laundries for private customers
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.