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Complete company report
Generated 01-08-2026
Active BE 0540.978.896Private limited company

HOVAS

Rue Rouge Croix 18 ·7380 Quiévrain, Belgium· 12 yrs active
Sector: Road freight transport (49410)
Conclusion Checked

The computed 12-month bankruptcy probability of HOVAS is 3.6% (moderate). The 2024 annual accounts show negative equity (€-15k) and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2248 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €-15k
Net result €-2k
Better than sector 5%
Active 12 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability49Solvency33Growth32Stability100
43 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 49
Solvency 33
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
3.6% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Higher-failure-rate sector +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2013, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 07-07-2025 with the NBB · fiscal year 2024 · micro
€-20k€-10k€0€10kOperating result 2020: €11k€11kNet result 2020: €-1k€-1kOperating result 2021: €-3k€-3kNet result 2021: €-4k€-4kOperating result 2022: €-18k€-18kNet result 2022: €-18k€-18kOperating result 2023: €2k€2kNet result 2023: €1k€1kOperating result 2024: €-1k€-1kNet result 2024: €-2k€-2k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~41% of the level (threshold 35%). We therefore deliberately show no projection line.
€-20k€0€20k2018: €25k2019: €13k2020: €24k2021: €14k2022: €-15k2023: €-14k2024: €-15k2018201920202021202220232024
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -669.5% 27.4%
better than 5% of 2248 sector peers
Net result €-2k €6k
better than 27% of 2232 sector peers
Equity €-15k €17k
better than 8% of 2254 sector peers
Gross operating margin €-403 €28k
better than 12% of 2221 sector peers
Total assets €2k €65k
better than 5% of 2249 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-790
- far below sector median
Net profit
€-2k
- far below sector median
Cash flow
€-832
- far below sector median
Total assets
€2k
-2.9% -99% vs sector
Equity
€-15k
-11.0% far below sector median
Working capital
€-16k
-5.3% far below sector median
Employees (FTE)
1
-66.7% -73% vs sector
Staff costs
€18k
-60.6% -92% vs sector
Income taxes
€130
-36.9% -96% vs sector
Dividends
€11k
+72.9% far above sector median
Debt
€18k
+9.0% -68% vs sector
Debt ≤ 1y
€18k
+9.0% -67% vs sector
Debt > 1y
€6k
- -97% vs sector
Current ratio
0.07
+85.9% -99% vs sector
Quick ratio
0.07
+85.9% -99% vs sector
Solvency
-669.5%
-14.2% far below sector median
Debt / equity
-1.15
+1.8% far below sector median
ROE
9.9%
- +212% vs sector
ROA
-66.2%
- far below sector median
Interest coverage
-18.99
- far below sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-790
Net profit€-2k
Cash flow€-832
Staff costs-
Income taxes-
Dividends-
Total assets€2k
Equity€-15k
Debt€18k
of which ≤ 1y€18k
of which > 1y-
Working capital€-16k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.07
Quick ratio0.07
Working capital ratio-715.9%
Solvency-669.5%
Debt / equity-1.15
Long-term debt ratio-
Interest coverage-18.99
Gross margin-
Net margin-
ROA-66.2%
ROE9.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€2k
Fixed assets 21/28€1k
Tangible fixed assets 22/27€1k
Current assets 29/58€1k
Amounts receivable within one year 40/41€174
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2k
Equity 10/15€-15k
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€-23k
Amounts payable 17/49€18k
Amounts payable within one year 42/48€18k
Trade debts payable within one year 44€565
Income statement
Gross operating margin 9900€-403
Operating result 9901€-1k
Financial charges 65€42
Result before taxes 9903€-2k
Net result for the period 9904€-2k
Result to be appropriated 9905€-2k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Road freight transport(49410)
Legal form Private limited company(610)
Incorporation21-10-2013
StatusActive
Postal code7380
Establishment units 1 location
HOVAS
Rue Rouge Croix 18, 7380 QuiévrainGoederenvervoer langs de weg : vervoer van boomstammen, vee, auto's, afval, vervoer met koelwagens, zwaar internationaal vervoer, vervoer van bulkgoederen, inclusief vervoer in tankwagens
since 20252.369.091.871
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53068A0492/00A000 Wallonia 1,487 m² 1 · 107 m² 7.8 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
07-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
08-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
01-09-2023
State Gazette act Capital & shares
Emmanuel NIZET
12-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
15-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
10-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
24-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
29-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
31-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
30-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
09-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
Capital history · 1
01-09-2023
Capital change
All acts · 1 updated 2 years ago
2023
01-09-2023 All shares are now held by a single shareholder Capital & shares·Emmanuel NIZET
Notary: Emmanuel NIZET · Dour
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Goederenvervoer over de weg49410Diensten in verband met vervoer te land52210Logistieke diensten52250
Primary activity highlighted.
Names & trade names
Legal nameFR HOVAS
Registered office
Rue Rouge Croix 18
7380 Quiévrain, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative