HOVATEC
ActiveHOVATEC has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213k and a net result of €11k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▲+22
Solvency48▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.96 in 2023; short-term debt: 58.2% and cash: 3.1% of total assets), and 77.1% 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+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 43
Relative position
BE, all sectors
reference
Sector 43
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7447 sector peers (2024).
NBB · sector comparisonPosition among 7447 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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
not confirmed
2024
88 d late
2023
91 d late
2022
91 d late
2021
121 d late
2020
31 d late
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€213k▲ 5.4%
2023 · €202k
2018: €111k
2019: €129k
2020: €155k
2021: €176k
2022: €199k
2023: €202k
2018 → 2024
Total assets
€930k▼ 14.2%
2023 · €1.08M
2018: €332k
2019: €526k
2020: €466k
2021: €764k
2022: €1.10M
2023: €1.08M
2018 → 2024
Net result
€11k▲ 221%
2023 · €3k
2018: €40k
2019: €18k
2020: €26k
2021: €20k
2022: €23k
2023: €3k
2018 → 2024
Working capital
€-25k▼ 3.4%
2023 · €-24k
2018: €109k
2019: €129k
2020: €156k
2021: €135k
2022: €-25k
2023: €-24k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€155k-€176k▲ 13.2%€199k▲ 13.3%€202k▲ 1.7%€213k▲ 5.4%
Operating result€44k-€39k▼ 12.2%€51k▲ 31.5%€10k▼ 80.4%€23k▲ 131%
Net result€26k-€20k▼ 21.1%€23k▲ 14.4%€3k▼ 85.4%€11k▲ 221%
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 2024; 2024 is 131% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €930k
Fixed assets
€413k▼ 2.3%
Current assets
€516k▼ 21.8%
Equity and liabilities €930k
Equity
€213k▲ 5.4%
Debt
€716k▼ 18.7%
The debt ratio falls from 81.3% to 77.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42k▲
2023 · €23k
Cash flow
€30k▲
2023 · €16k
Solvency
22.9%▲
2023 · 18.7%
Current ratio
0.95▼
2023 · 0.96
Quick ratio
0.37▼
2023 · 0.53
Debt / equity
3.36▼
2023 · 4.35
ROE
5.1%▲
2023 · 1.7%
ROA
1.2%▲
2023 · 0.3%
Interest coverage
6.75▲
2023 · 3.41
Debt
€716k▼
2023 · €881k
Debt ≤ 1 year
€541k▼
2023 · €684k
Debt > 1 year
€173k▼
2023 · €188k
Income taxes
€5k▲
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.08M€930k▼
Fixed assets21/28€423k€413k▼
Tangible fixed assets22/27€423k€413k▼
Land and buildings22€421k€411k▼
Plant, machinery and equipment23€101€0▼
Furniture and vehicles24€2k€3k▲
Current assets29/58€660k€516k▼
Stocks and contracts in progress3€294k€317k▲
Stocks30/36€20k€10k▼
Contracts in progress37€275k€307k▲
Amounts receivable within one year40/41€245k€171k▼
Trade receivables40€189k€171k▼
Other amounts receivable41€56k-
Cash at bank and in hand54/58€120k€29k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€930k▼
Equity10/15€202k€213k▲
Contributions10/11€6k€6k=
Reserves13€196k€207k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€194k€205k▲
Amounts payable17/49€881k€716k▼
Amounts payable after more than one year17€188k€173k▼
Financial debts170/4€188k€173k▼
Amounts payable within one year42/48€684k€541k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€120k€54k▼
Suppliers440/4€120k€54k▼
Taxes, remuneration and social security45€53k€43k▼
Taxes450/3€45k€41k▼
Remuneration and social security454/9€8k€2k▼
Other amounts payable47/48€496k€429k▼
Accrued charges and deferred income492/3€9k€2k▼
Income statement
Code20232024
Non-recurring operating income76A-€496
Remuneration, social security and pensions62€18k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€19k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€42k€44k▲
Operating profit (loss)9901€10k€23k▲
Financial income75/76B€2k€41▼
Recurring financial income75€2k€41▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€6k▼
Non-recurring financial charges66B-€631
Profit (loss) for the period before taxes9903€6k€16k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€3k€11k▲
Profit (loss) for the period to be appropriated9905€3k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€11k▲
Transfer to equity691/2€3k€11k▲
To other reserves6921€3k€11k▲
Social balance
Average headcount (FTE)90870.5-
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
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 88 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 91 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼85.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €202k ▲1.7%
6 profitable years in a row build equity to €202k.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 121 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €155k ▲20%
3 profitable years in a row build equity to €155k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Bilzen-Hoeselt · 1 establishment unit 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.
Korenstraat 293740 Bilzen-HoeseltGround area
793 m²
Building footprint
312 m²
Volume, LiDAR
1,732 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hovatec
since 20132.216.299.649
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006C0303/00M000 | Flanders | 525 m² | 1 · 118 m² | 9.7 m · 2 fl. |
| 73006M0442/00H000 | Flanders | 268 m² | 1 · 195 m² | 10.7 m · 1 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
2022 to 2023 · 3 entries · 19,979 EUR awarded · 19,979 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 6,720 EUR | 6,720 EUR |
| 2022 | 1 | 13,259 EUR | 13,259 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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AMBIENTE
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DE BAAN
BE 0468.998.661
Westerlo · Eq €213k
SYLEA TECHNOLOGIES
BE 0873.711.959
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AC MAN
BE 1002.873.397
Overijse · Eq €214k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,171 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-01-2013
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 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.