POVI
ActivePOVI has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €539k and a net result of €171k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 1729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+4
Solvency43▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.68 in 2024; short-term debt: 60.2% and cash: 38.2% of total assets), and 81.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 01
Relative position
BE, all sectors
reference
Sector 01
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
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
18.2%
Return on assets
5.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1729 sector peers (2025).
NBB · sector comparisonPosition among 1729 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
13 d early
2023
27 d late
2022
11 d early
2021
26 d late
2020
31 d late
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€539k▲ 46.4%
2024 · €368k
2018: €246k
2019: €227k
2020: €249k
2021: €273k
2022: €252k
2023: €310k
2024: €368k
2018 → 2025
Total assets
€2.96M▲ 19.3%
2024 · €2.48M
2018: €1.46M
2019: €1.36M
2020: €1.43M
2021: €1.34M
2022: €1.37M
2023: €1.40M
2024: €2.48M
2018 → 2025
Net result
€171k▲ 193%
2024 · €58k
2018: €120k
2019: €-18k
2020: €22k
2021: €25k
2022: €-21k
2023: €58k
2024: €58k
2018 → 2025
Working capital
€228k
2024 · €-476k
2018: €-136k
2019: €-139k
2020: €-242k
2021: €-196k
2022: €-236k
2023: €-294k
2024: €-476k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€273k-€252k▼ 7.7%€310k▲ 22.9%€368k▲ 18.7%€539k▲ 46.4%
Operating result€33k-€-14k€63k€93k▲ 48.8%€236k▲ 153%
Net result€25k-€-21k€58k€58k▲ 0.3%€171k▲ 193%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 153% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.96M
Fixed assets
€951k▼ 36.0%
Current assets
€2.01M▲ 102%
Equity and liabilities €2.96M
Equity
€539k▲ 46.4%
Provisions
€13▼ 99.9%
Debt
€2.42M▲ 15.9%
The debt ratio falls from 84.2% to 81.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€455k▲
2024 · €297k
Cash flow
€390k▲
2024 · €262k
Solvency
18.2%▲
2024 · 14.8%
Current ratio
1.13▲
2024 · 0.68
Quick ratio
1.13▲
2024 · 0.68
Debt / equity
4.49▼
2024 · 5.68
ROE
31.8%▲
2024 · 15.9%
ROA
5.8%▲
2024 · 2.4%
Interest coverage
15.59▲
2024 · 15.01
Debt
€2.42M▲
2024 · €2.09M
Debt ≤ 1 year
€1.78M▲
2024 · €1.47M
Debt > 1 year
€640k▲
2024 · €616k
Income taxes
€73k▲
2024 · €17k
Staff costs
€431k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.48M€2.96M▲
Fixed assets21/28€1.49M€951k▼
Tangible fixed assets22/27€1.49M€951k▼
Land and buildings22€931k€347k▼
Plant, machinery and equipment23€532k€419k▼
Furniture and vehicles24€23k€185k▲
Current assets29/58€995k€2.01M▲
Amounts receivable within one year40/41€528k€876k▲
Trade receivables40€467k€814k▲
Other amounts receivable41€61k€62k▲
Cash at bank and in hand54/58€457k€1.13M▲
Deferred charges and accrued income490/1€10k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.48M€2.96M▲
Equity10/15€368k€539k▲
Contributions10/11€121k€121k=
Reserves13€244k€415k▲
Tax-exempt reserves132€46k€0▼
Distributable reserves133€198k€415k▲
Investment grants15€3k€2k▼
Provisions and deferred taxes16€24k€13▼
Deferred taxes168€24k€13▼
Amounts payable17/49€2.09M€2.42M▲
Amounts payable after more than one year17€616k€640k▲
Financial debts170/4€616k€640k▲
Amounts payable within one year42/48€1.47M€1.78M▲
Current portion of amounts payable after more than one year42€126k€135k▲
Trade debts44€619k€239k▼
Suppliers440/4€619k€239k▼
Advances received on contracts in progress46€600€600=
Taxes, remuneration and social security45€17k€207k▲
Taxes450/3€17k€160k▲
Remuneration and social security454/9-€46k
Other amounts payable47/48€708k€1.20M▲
Accrued charges and deferred income492/3€2k€552▼
Income statement
Code20242025
Remuneration, social security and pensions62-€431k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€204k€219k▲
Other operating charges640/8€7k€10k▲
Gross operating margin9900€304k€896k▲
Operating profit (loss)9901€93k€236k▲
Financial income75/76B€897€14k▲
Recurring financial income75€897€14k▲
Financial charges65/66B€20k€29k▲
Recurring financial charges65€20k€29k▲
Profit (loss) for the period before taxes9903€74k€221k▲
Transfer from deferred taxes780€1k€24k▲
Income taxes67/77€17k€73k▲
Profit (loss) for the period9904€58k€171k▲
Transfer from tax-exempt reserves789€2k€46k▲
Profit (loss) for the period to be appropriated9905€60k€217k▲
Appropriation of the result
Profit (loss) to be appropriated9906€60k€217k▲
Transfer to equity691/2€60k€217k▲
To other reserves6921€60k€217k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €171k ▲193%
Operating result €236k, net result €171k, both a record.
31-12
Financial
Equity above €500kEq €539k ▲46.4%
3 profitable years in a row build equity to €539k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-21k ▼184%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-06-2015
Kathy Popelier: Resigned as Manager
04-09-2003
Marc VIAENE: Resigned as Manager
Location & real-estate footprint
Registered office, Houthulst · 1 establishment unit since 2001
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.
Torhoutstraat 148650 HouthulstGround area
1,671 m²
Building footprint
258 m²
Volume, LiDAR
1,128 m³
Parcel 32009E0794/00V000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
POVI
since 20012.095.442.203
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32009E0794/00V000 | Flanders | 1,671 m² | 1 · 258 m² | 7.4 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHouthulst2.095.442.203
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,024 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2001
Fiscal year end31-12
Activities, NACEBEL
01130Growing of vegetables, melons, roots and tubers
01410Raising of dairy cattle
01610Support activities for crop production
01110Growing of cereals (except rice), leguminous crops and oil seeds
01620Support activities for animal production
01630Crop and animal production, hunting and related service activities
46319Wholesale of fruit and vegetables, excluding potatoes
51310
71310
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.