HOVENO
ActiveSummary
HOVENO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.7m and a net result of €324,266. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 74% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,350,000 at 30 days acceptable
Liquidity ample (current ratio 12.29 against 11.87 in 2024; short-term debt: 3.3% and cash: 0.5% of total assets), and 21.4% of the assets are financed with debt.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
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
78.6%
Return on assets
1.5%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €16.7m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
2 d early
2022
4 d early
2021
4 d early
2020
16 d early
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by total assets in Tielt, Professional and technical services sector#3 company by equity in Tielt, Professional and technical services sector
Equity
€16.7m▲ 24.2%
2024 · €13.4m
Total assets
€21.2m▲ 14.1%
2024 · €18.6m
Net result
€324,266▲ 35.1%
2024 · €240,022
Working capital
€7.9m▲ 1.1%
2024 · €7.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€244,969€145,932▼ 40.4%€255,750▲ 75.3%€176,230▼ 31.1%€276,638▲ 57.0%
Net result€333,074above the sector's middle half€180,488above the sector's middle half▼ 45.8%€291,986above the sector's middle half▲ 61.8%€240,022above the sector's middle half▼ 17.8%€324,266above the sector's middle half▲ 35.1%
Equity€12.7mabove the sector's middle half▲ 2.7%€12.9mabove the sector's middle half▲ 1.4%€13.2mabove the sector's middle half▲ 2.3%€13.4mabove the sector's middle half▲ 1.8%€16.7mabove the sector's middle half▲ 24.2%
Total assets€19.7mabove the sector's middle half▲ 27.7%€19.3mabove the sector's middle half▼ 1.7%€18.9mabove the sector's middle half▼ 2.5%€18.6mabove the sector's middle half▼ 1.6%€21.2mabove the sector's middle half▲ 14.1%
Debt€7.0m▲ 130%€6.5m▼ 7.3%€5.7m▼ 12.0%€5.2m▼ 9.4%€4.5m▼ 12.2%
Working capital€8.3mabove the sector's middle half▼ 22.4%€8.2mabove the sector's middle half▼ 1.1%€8.3mabove the sector's middle half▲ 0.6%€7.8mabove the sector's middle half▼ 5.8%€7.9mabove the sector's middle half▲ 1.1%
Solvency64.6%within the sector's middle half▼ 15.7pp66.6%within the sector's middle half▲ 2.0pp69.9%within the sector's middle half▲ 3.2pp72.3%within the sector's middle half▲ 2.4pp78.6%within the sector's middle half▲ 6.4pp
Current ratio12.34above the sector's middle half▼ 17.2610.89above the sector's middle half▼ 1.4513.72above the sector's middle half▲ 2.8311.87above the sector's middle half▼ 1.8512.29above the sector's middle half▲ 0.42
Return on assets (ROA)1.7%within the sector's middle half▲ 1.7pp0.9%within the sector's middle half▼ 0.8pp1.5%within the sector's middle half▲ 0.6pp1.3%within the sector's middle half▼ 0.3pp1.5%within the sector's middle half▲ 0.2pp
Staff (FTE)2.6within the sector's middle half=2.6within the sector's middle half=2.6within the sector's middle half=2.5within the sector's middle half▼ 3.8%2within the sector's middle half▼ 20.0%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.2m
Fixed assets
€12.6m ▲ 25.4%
Current assets
€8.6m ▲ 0.8%
Equity and liabilities €21.2m
Equity
€16.7m ▲ 24.2%
Debt
€4.5m ▼ 12.2%
Debt's share of the balance-sheet total falls from 27.7% to 21.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€691,991▲
2024 · €554,607
Cash flow
€739,619▲
2024 · €618,399
Debt to equity
0.27▼
2024 · 0.38
ROE
1.9%▲
2024 · 1.8%
Interest coverage
11.82▲
2024 · 8.53
Debt ≤ 1 year
€696,859▼
2024 · €715,852
Debt > 1 year
€3.8m▼
2024 · €4.4m
Income taxes
€122,687▲
2024 · €82,883
Staff costs
€151,671▲
2024 · €147,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €555 | €0 | €28,754 | - |
| Remuneration, social security and pensions62 | - | €120,072 | €128,382 | €147,132 | €151,671 | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €262,524 | €389,981 | €361,662 | €378,377 | €415,353 | ▲ 9.8% |
| Other operating charges640/8 | - | €42,581 | €46,531 | €60,444 | €55,546 | ▼ 8.1% |
| Non-recurring operating charges66A | - | €15,236 | - | - | €28,238 | - |
| Gross operating margin9900 | €633,649 | €713,803 | €792,325 | €762,183 | €927,446 | ▲ 21.7% |
| Operating profit (loss)9901 | €244,969 | €145,932 | €255,750 | €176,230 | €276,638 | ▲ 57.0% |
| Financial income75/76B | - | €176,880 | €208,046 | €211,661 | €228,834 | ▲ 8.1% |
| Recurring financial income75 | €287,492 | €176,880 | €208,046 | €211,661 | €228,834 | ▲ 8.1% |
| Financial charges65/66B | - | €79,571 | €71,705 | €64,986 | €58,519 | ▼ 10.0% |
| Recurring financial charges65 | €51,534 | €79,571 | €71,705 | €64,986 | €58,519 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €480,928 | €243,241 | €392,091 | €322,905 | €446,953 | ▲ 38.4% |
| Income taxes67/77 | €147,854 | €62,753 | €100,104 | €82,883 | €122,687 | ▲ 48.0% |
| Profit (loss) for the period9904 | €333,074 | €180,488 | €291,986 | €240,022 | €324,266 | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €333,074 | €180,488 | €291,986 | €240,022 | €324,266 | ▲ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.7m | €19.3m | €18.9m | €18.6m | €21.2m | ▲ 14.1% |
| Fixed assets21/28 | €10.6m | €10.3m | €10.0m | €10.1m | €12.6m | ▲ 25.4% |
| Tangible fixed assets22/27 | €10.6m | €10.3m | €9.9m | €10.1m | €12.6m | ▲ 25.5% |
| Land and buildings22 | - | €10.1m | €9.7m | €9.4m | €12.1m | ▲ 28.1% |
| Plant, machinery and equipment23 | - | €13,122 | €3,662 | €111,010 | €78,876 | ▼ 28.9% |
| Furniture and vehicles24 | - | - | €6,591 | €61,854 | €47,663 | ▼ 22.9% |
| Other tangible fixed assets26 | - | €219,576 | €203,592 | €470,970 | €435,376 | ▼ 7.6% |
| Financial fixed assets28 | €9,180 | €9,180 | €9,180 | €9,180 | €0 | ▼ 100% |
| Current assets29/58 | €9.0m | €9.0m | €8.9m | €8.5m | €8.6m | ▲ 0.8% |
| Amounts receivable within one year40/41 | €9.0m | €9.0m | €8.9m | €8.4m | €8.5m | ▲ 0.2% |
| Trade receivables40 | - | - | €68,656 | €58,547 | €895 | ▼ 98.5% |
| Other amounts receivable41 | - | €9.0m | €8.8m | €8.4m | €8.5m | ▲ 0.9% |
| Cash at bank and in hand54/58 | €83,356 | €91,895 | €52,371 | €54,393 | €106,820 | ▲ 96.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.7m | €19.3m | €18.9m | €18.6m | €21.2m | ▲ 14.1% |
| Equity10/15 | €12.7m | €12.9m | €13.2m | €13.4m | €16.7m | ▲ 24.2% |
| Contributions10/11 | €248,000 | €248,000 | €248,000 | €248,000 | €248,000 | = |
| Capital10 | - | €248,000 | €248,000 | €248,000 | €248,000 | = |
| Issued capital100 | - | €248,000 | €248,000 | €248,000 | €248,000 | = |
| Revaluation surpluses12 | - | - | - | - | €2.9m | - |
| Reserves13 | €12.5m | €12.6m | €12.9m | €13.2m | €13.5m | ▲ 2.5% |
| Non-distributable reserves130/1 | - | €24,800 | €24,800 | €24,800 | €24,800 | = |
| Legal reserve130 | - | €24,800 | €24,800 | €24,800 | €24,800 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €12.6m | €12.9m | €13.1m | €13.5m | ▲ 2.5% |
| Amounts payable17/49 | €7.0m | €6.5m | €5.7m | €5.2m | €4.5m | ▼ 12.2% |
| Amounts payable after more than one year17 | €6.2m | €5.6m | €5.0m | €4.4m | €3.8m | ▼ 13.9% |
| Financial debts170/4 | - | €5.6m | €5.0m | €4.4m | €3.8m | ▼ 13.9% |
| Amounts payable within one year42/48 | €731,876 | €830,454 | €649,371 | €715,852 | €696,859 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | €591,787 | €597,454 | €603,507 | €609,472 | ▲ 1.0% |
| Trade debts44 | €117,086 | €9,612 | €7,789 | €52,590 | €13,176 | ▼ 74.9% |
| Suppliers440/4 | - | €9,612 | €7,789 | €52,590 | €13,176 | ▼ 74.9% |
| Taxes, remuneration and social security45 | - | €52,023 | €44,128 | €59,755 | €74,211 | ▲ 24.2% |
| Taxes450/3 | - | €26,722 | €29,019 | €33,693 | €47,014 | ▲ 39.5% |
| Remuneration and social security454/9 | - | €25,301 | €15,109 | €26,063 | €27,196 | ▲ 4.3% |
| Other amounts payable47/48 | - | €177,032 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €44,272 | €49,609 | €53,777 | €55,751 | ▲ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €333,074 | €180,488 | €291,986 | €240,022 | €324,266 | ▲ 35.1% |
| + Depreciation and write-downs630 | €262,524 | €389,981 | €361,662 | €378,377 | €415,353 | ▲ 9.8% |
| Operating cash flow (approximation) | €595,598 | €570,470 | €653,648 | €618,399 | €739,619 | ▲ 19.6% |
| Investment in fixed assets (approximation) | - | -€51,584 | -€13,391 | -€500,166 | -€3.0m | ▼ 495% |
| Change in cash | - | €8,540 | -€39,524 | €2,022 | €52,427 | ▲ 2,493% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €333,074
Net result €333,074 after one loss-making year.
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet -€4,699
Net result drops to -€4,699, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 5current ratio 29.60
Current ratio from 6.14 to 29.60; short-term debt falls from €2.2m to €374,086.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
19-01
State Gazette act
General meeting · Director reappointment
Permanent representative
Show earlier events
2017
24-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2012
19-03
State Gazette act
General meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Tielt · 1 establishment unit since 1990
Ground area
9,484 m²
Building footprint
2,483 m²
Volume, LiDAR
15,541 m³
Parcel 37007F0486/00T000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
HOVENO NV
since 19902.048.118.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007F0486/00T000 | Flanders | 9,484 m² | 1 · 2,483 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
33.3%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
4 locations
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 4,684 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-03-1990
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440476010
Registered
30-06-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.