Hovingen
ActiveHovingen has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €103k and a net result of €-11k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 42% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-59
Solvency49▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.34 in 2023; short-term debt: 76.3% and cash: 0% of total assets), and 76.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23.7%
Return on assets
-2.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
20 d early
2022
28 d early
2021
69 d early
2020
15 d early
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€103k▼ 10.0%
2023 · €114k
2018: €-71k
2019: €-64k
2020: €53k
2021: €27k
2022: €96k
2023: €114k
2018 → 2024
Total assets
€433k▲ 0.9%
2023 · €429k
2018: €2.20M
2019: €4.03M
2020: €521k
2021: €793k
2022: €839k
2023: €429k
2018 → 2024
Net result
€-11k
2023 · €19k
2018: €2k
2019: €7k
2020: €117k
2021: €-26k
2022: €69k
2023: €19k
2018 → 2024
Working capital
€95k▼ 10.0%
2023 · €106k
2018: €-68k
2019: €-71k
2020: €-463k
2021: €-472k
2022: €87k
2023: €106k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€53k-€27k▼ 49.5%€96k▲ 260%€114k▲ 19.5%€103k▼ 10.0%
Operating result€125k-€-20k€63k€13k▼ 78.8%€-16k
Net result€117k-€-26k€69k€19k▼ 73.1%€-11k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16k after €13k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €433k
Fixed assets
€7k▼ 10.7%
Current assets
€426k▲ 1.1%
Equity and liabilities €433k
Equity
€103k▼ 10.0%
Debt
€330k▲ 4.8%
The debt ratio rises from 73.4% to 76.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2023 · €14k
Cash flow
€-11k▼
2023 · €19k
Solvency
23.7%▼
2023 · 26.6%
Current ratio
1.29▼
2023 · 1.34
Quick ratio
0.53▼
2023 · 1.19
Debt / equity
3.21▲
2023 · 2.76
ROE
-11.1%▼
2023 · 16.3%
ROA
-2.6%▼
2023 · 4.3%
Interest coverage
-27.47▼
2023 · 35.07
Debt
€330k▲
2023 · €315k
Debt ≤ 1 year
€330k▲
2023 · €315k
Income taxes
€0▼
2023 · €3k
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€429k€433k▲
Fixed assets21/28€8k€7k▼
Tangible fixed assets22/27€8k€7k▼
Plant, machinery and equipment23€1k€369▼
Other tangible fixed assets26€7k€7k=
Current assets29/58€421k€426k▲
Stocks and contracts in progress3€47k€251k▲
Stocks30/36€47k€251k▲
Amounts receivable within one year40/41€204k€5k▼
Trade receivables40€12k€0▼
Other amounts receivable41€192k€5k▼
Cash at bank and in hand54/58€1k€14▼
Deferred charges and accrued income490/1€170k€169k▼
Equity and liabilities
Total equity and liabilities10/49€429k€433k▲
Equity10/15€114k€103k▼
Contributions10/11€70k€70k=
Capital10€70k€70k=
Issued capital100€70k€70k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€37k€26k▼
Amounts payable17/49€315k€330k▲
Amounts payable within one year42/48€315k€330k▲
Trade debts44€290k€272k▼
Suppliers440/4€290k€272k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€16k€0▼
Taxes450/3€16k€0▼
Other amounts payable47/48€9k€58k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€883€883=
Other operating charges640/8€1k€2k▲
Gross operating margin9900€15k€-13k▼
Operating profit (loss)9901€13k€-16k▼
Financial income75/76B€9k€5k▼
Recurring financial income75€9k€5k▼
Financial charges65/66B€407€552▲
Recurring financial charges65€407€552▲
Profit (loss) for the period before taxes9903€22k€-11k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€19k€-11k▼
Profit (loss) for the period to be appropriated9905€19k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€26k▼
Profit (loss) brought forward from the previous period14P€19k€37k▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €114k ▲19.5%
2 profitable years in a row build equity to €114k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €69k
Net result €69k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.12
Current ratio from 0.38 to 1.12; short-term debt falls from €766k to €744k.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-26k ▼122%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €117k ▲1696%
Operating result €125k, net result €117k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Gent · 1 establishment unit since 2005
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.
Wittepaalstraat 539051 GentGround area
3,254 m²
Building footprint
253 m²
Volume, LiDAR
1,262 m³
Parcel 44002A0294/00G000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hovingen
since 20052.147.158.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002A0294/00G000 | Flanders | 3,254 m² | 1 · 253 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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JEVA
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BROOKS Vastgoed
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OSIMMO
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 5,189 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-03-2005
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:invimmo@pandora.be
Phone:09.232.00.60
Fax:09.211.09.54