HOVATEC
ActiveSummary
The computed 12-month bankruptcy probability of HOVATEC is 5.7% (elevated). The annual accounts of HOVATEC for financial year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €86,984 and a net result of -€126,277. Equity has been growing by about 9.8% per year since 2018. Its solvency ranks better than 16% of 34,972 sector peers (NACE 43, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 24-01-2013 Normal situation
- Activity
- General electrical installation work NACE 43211and 3 others
- Establishment unit
- 2.216.299.649 3740 Bilzen-Hoeselt, since 25-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Board and ownership
- Holsteen BartDirector · since 25-01-2013
- Vandersanden BartDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.7%
- Gross margin
- -€108,148
- Loss
- €126,277
- Equity
- €86,984
- ▼ 59.2%
- Total assets
- €675,271
- ▼ 27.4%
- 2025 accounts filed 77 days after the deadline
Score breakdownraises riskLast filed accounts filed 77 days late; 3 of the last 3 accounts lateLoss of €126,277 (financial year 2025)1 change of registered office in 24 monthslowers riskSize: total assets €675,271Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 16% of them on solvency, 10% on liquidity, 4% on profitability and 7% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 81 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Registered office moved within Bilzen-HoeseltNew registered office: Korenstraat 29, 3740 Bilzen-Hoeselt · Previous registered office: Heesveld 15A, 3740 Bilzen-Hoeselt
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as HOVATEC: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €483,000 and €1.1m, founded between 2007 and 2017.
| Company | Total assets | Gross margin |
|---|---|---|
| HOVATEC Bilzen-Hoeselt | €0.7m | -€0.1m |
| D'Heedene Solar Tienen | €0.8m | -€0.03m |
| KVE Systems Balen | €0.8m | -€0.02m |
| BAIE Tienen | €0.6m | -€0.009m |
| BRITE LIGHT Aalst | €0.5m | -€0.03m |
| RCR DESIGN CONSTRUCT Antwerp | €0.6m | -€0.05m |
| HENSKENS CONSULTING Hasselt | €1.1m | -€0.004m |
Key facts about HOVATEC
- What is the company number of HOVATEC?
- The company number of HOVATEC is 0502.797.223. The VAT number is the same number with BE in front: BE 0502.797.223.
- Where is HOVATEC based?
- The registered office is at Korenstraat 29, 3740 Bilzen-Hoeselt.Company details
- What does HOVATEC do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of HOVATEC?
- HOVATEC is a private limited company (pre-2019) (BVBA).
- When was HOVATEC founded?
- HOVATEC was founded on 24-01-2013.
- Is HOVATEC still active?
- Yes, HOVATEC is an active enterprise in the KBO register.
- How many employees does HOVATEC have?
- HOVATEC had an average of 0.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of HOVATEC?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is HOVATEC profitable?
- In financial year 2025, HOVATEC made a loss of €126,277.
- Where can I find the annual accounts of HOVATEC?
- HOVATEC filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOVATEC due?
- HOVATEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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