HoVan Agro
ActiveHoVan Agro has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389k and a net result of €175k. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+26
Solvency81▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.04 in 2024; short-term debt: 39.5% and cash: 22.6% of total assets), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 01
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
55.7%
Return on assets
25.1%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
1 d early
2022
3 d early
2021
4 d late
2020
13 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€389k▲ 82.2%
2024 · €213k
2019: €60k
2020: €68k
2021: €115k
2022: €192k
2023: €186k
2024: €213k
2019 → 2025
Total assets
€698k▲ 10.9%
2024 · €630k
2019: €242k
2020: €220k
2021: €173k
2022: €531k
2023: €370k
2024: €630k
2019 → 2025
Net result
€175k▲ 552%
2024 · €27k
2019: €14k
2020: €7k
2021: €47k
2022: €77k
2023: €-6k
2024: €27k
2019 → 2025
Working capital
€173k▲ 993%
2024 · €16k
2019: €42k
2020: €57k
2021: €40k
2022: €43k
2023: €-3k
2024: €16k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€192k▲ 67.5%€186k▼ 3.0%€213k▲ 14.4%€389k▲ 82.2%
Operating result€57k-€81k▲ 42.6%€-5k€29k€234k▲ 703%
Net result€47k-€77k▲ 64.0%€-6k€27k€175k▲ 552%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 703% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €698k
Fixed assets
€249k▲ 26.1%
Current assets
€449k▲ 3.9%
Equity and liabilities €698k
Equity
€389k▲ 82.2%
Debt
€309k▼ 25.7%
The debt ratio falls from 66.1% to 44.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€319k▲
2024 · €104k
Cash flow
€260k▲
2024 · €102k
Solvency
55.7%▲
2024 · 33.9%
Current ratio
1.63▲
2024 · 1.04
Quick ratio
1.63▲
2024 · 1.04
Debt / equity
0.80▼
2024 · 1.95
ROE
45.1%▲
2024 · 12.6%
ROA
25.1%▲
2024 · 4.3%
Interest coverage
186.99▲
2024 · 83.59
Debt
€309k▼
2024 · €416k
Debt ≤ 1 year
€276k▼
2024 · €416k
Debt > 1 year
€34k
Income taxes
€58k▲
2024 · €7k
Staff costs
€154k▲
2024 · €144k
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€630k€698k▲
Fixed assets21/28€197k€249k▲
Tangible fixed assets22/27€197k€249k▲
Plant, machinery and equipment23€189k€243k▲
Furniture and vehicles24€8k€6k▼
Current assets29/58€432k€449k▲
Amounts receivable within one year40/41€285k€291k▲
Trade receivables40€37k€156k▲
Other amounts receivable41€248k€134k▼
Cash at bank and in hand54/58€146k€158k▲
Deferred charges and accrued income490/1€2k€800▼
Equity and liabilities
Total equity and liabilities10/49€630k€698k▲
Equity10/15€213k€389k▲
Contributions10/11€19k€19k=
Reserves13€195k€370k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€185k€361k▲
Amounts payable17/49€416k€309k▼
Amounts payable after more than one year17-€34k
Financial debts170/4-€34k
Amounts payable within one year42/48€416k€276k▼
Current portion of amounts payable after more than one year42€83k€58k▼
Trade debts44€216k€152k▼
Suppliers440/4€216k€152k▼
Taxes, remuneration and social security45€17k€66k▲
Taxes450/3€652€48k▲
Remuneration and social security454/9€16k€18k▲
Other amounts payable47/48€101k-
Income statement
Code20242025
Remuneration, social security and pensions62€144k€154k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€84k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€249k€474k▲
Operating profit (loss)9901€29k€234k▲
Financial income75/76B€6k€574▼
Recurring financial income75€6k€574▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€34k€233k▲
Income taxes67/77€7k€58k▲
Profit (loss) for the period9904€27k€175k▲
Profit (loss) for the period to be appropriated9905€27k€175k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€175k▲
Transfer to equity691/2€27k€175k▲
To other reserves6921€27k€175k▲
The notes to these accounts (6 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €175k ▲552%
Operating result €234k, net result €175k, both a record.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-03
Financial
Equity above €200kEq €213k ▲14.4%
Equity rises from €186k to €213k.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €-6k ▼108%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €150kEq €192k ▲67.5%
4 profitable years in a row build equity to €192k.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
31-03
Financial
Equity above €100kEq €115k ▲69.9%
3 profitable years in a row build equity to €115k.
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
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, Lendelede · 1 establishment unit since 2015
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.
Beiaardstraat 68860 LendeledeGround area
7,585 m²
Building footprint
2,380 m²
Volume, LiDAR
17,430 m³
2 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HoVan Agro
since 20152.241.656.637
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37005A0299/00F000 | Flanders | 6,530 m² | 1 · 2,157 m² | 9.8 m · 3 fl. |
| 34025D0290/00E000 | Flanders | 1,055 m² | 1 · 223 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 119 EUR awarded · 119 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 119 EUR | 119 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteArdooie2.241.656.637
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,368. 1,090 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2015
Fiscal year end31-03
Activities, NACEBEL
01610Support activities for crop production
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.