VAN HOVE
ActiveSummary
VAN HOVE has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €658,209 and a net result of €255,271. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 5113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+41
Solvency51▲+10
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.74 in 2024; short-term debt: 54.7% and cash: 0.7% of total assets), and 73.6% 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+raises risk○neutral
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
26.4%
Return on assets
10.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
1819202122232425
2018 to 2025 · latest year €658,209
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
17 d early
2023
31 d late
2022
142 d late
2021
31 d late
2020
23 d late
2019
88 d late
← 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 47 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€255,271▲ 467%
2024 · €45,008
Working capital
-€554,854▲ 22.4%
2024 · -€715,475
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€25,219▼ 87.3%-€83,421€177,406€157,812▼ 11.0%€433,829▲ 175%
Net result€9,828within the sector's middle half▼ 92.4%-€96,076below the sector's middle half€99,843within the sector's middle half€45,008within the sector's middle half▼ 54.9%€255,271within the sector's middle half▲ 467%
Equity€890,864within the sector's middle half▼ 10.9%€794,788within the sector's middle half▼ 10.8%€575,707within the sector's middle half▼ 27.6%€620,716within the sector's middle half▲ 7.8%€658,209within the sector's middle half▲ 6.0%
Total assets€1.3mwithin the sector's middle half▼ 8.9%€2.4mwithin the sector's middle half▲ 84.2%€3.8mabove the sector's middle half▲ 57.4%€3.8mabove the sector's middle half▼ 1.3%€2.5mwithin the sector's middle half▼ 34.2%
Debt€430,334▼ 3.7%€1.6m▲ 281%€3.3m▲ 98.9%€3.2m▼ 2.9%€1.8m▼ 42.1%
Working capital€152,036within the sector's middle half▼ 40.1%-€437,608below the sector's middle half-€821,347below the sector's middle half▼ 87.7%-€715,475below the sector's middle half▲ 12.9%-€554,854below the sector's middle half▲ 22.4%
Solvency67.3%above the sector's middle half▼ 1.5pp32.6%within the sector's middle half▼ 34.7pp15.0%below the sector's middle half▼ 17.6pp16.4%below the sector's middle half▲ 1.4pp26.4%within the sector's middle half▲ 10.0pp
Current ratio1.36within the sector's middle half▼ 0.280.61below the sector's middle half▼ 0.750.71below the sector's middle half▲ 0.100.74below the sector's middle half▲ 0.030.59below the sector's middle half▼ 0.15
Return on assets (ROA)0.7%below the sector's middle half▼ 8.1pp-3.9%below the sector's middle half▼ 4.7pp2.6%within the sector's middle half▲ 6.5pp1.2%within the sector's middle half▼ 1.4pp10.2%above the sector's middle half▲ 9.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +467% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 175% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€1.7m ▼ 3.2%
Current assets
€810,215 ▼ 60.5%
Equity and liabilities €2.5m
Equity
€658,209 ▲ 6.0%
Debt
€1.8m ▼ 42.1%
Debt's share of the balance-sheet total falls from 83.6% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€514,632▲
2024 · €241,807
Cash flow
€336,075▲
2024 · €129,003
Quick ratio
0.28▲
2024 · 0.28
Debt to equity
2.79▼
2024 · 5.11
ROE
38.8%▲
2024 · 7.3%
Interest coverage
8.68▲
2024 · 2.55
Debt ≤ 1 year
€1.4m▼
2024 · €2.8m
Debt > 1 year
€315,741▼
2024 · €363,043
Income taxes
€119,339▲
2024 · €17,874
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 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% | 1.8% |
| 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 2,613 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 | - | - | €26,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,170 | €215,360 | €82,823 | €83,995 | €80,804 | ▼ 3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €27,084 | -€76,779 | - | - | - | - |
| Other operating charges640/8 | €5,410 | €5,429 | €10,286 | €12,321 | €22,752 | ▲ 84.7% |
| Gross operating margin9900 | €124,883 | €60,589 | €270,515 | €254,128 | €537,384 | ▲ 111% |
| Operating profit (loss)9901 | €25,219 | -€83,421 | €177,406 | €157,812 | €433,829 | ▲ 175% |
| Financial income75/76B | €0 | €72 | €1 | €7 | €59 | ▲ 761% |
| Recurring financial income75 | €0 | €72 | €1 | €7 | €59 | ▲ 761% |
| Financial charges65/66B | €7,974 | €12,179 | €67,217 | €94,937 | €59,277 | ▼ 37.6% |
| Recurring financial charges65 | €7,974 | €12,179 | €67,217 | €94,937 | €59,277 | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €17,246 | -€95,528 | €110,190 | €62,882 | €374,610 | ▲ 496% |
| Transfer from deferred taxes780 | €3,633 | - | €2,972 | - | - | - |
| Income taxes67/77 | €11,050 | €548 | €13,320 | €17,874 | €119,339 | ▲ 568% |
| Profit (loss) for the period9904 | €9,828 | -€96,076 | €99,843 | €45,008 | €255,271 | ▲ 467% |
| Transfer from tax-exempt reserves789 | €10,898 | - | €8,917 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €20,726 | -€96,076 | €108,760 | €45,008 | €255,271 | ▲ 467% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €2.4m | €3.8m | €3.8m | €2.5m | ▼ 34.2% |
| Fixed assets21/28 | €754,051 | €1.7m | €1.8m | €1.7m | €1.7m | ▼ 3.2% |
| Tangible fixed assets22/27 | €753,989 | €1.7m | €1.8m | €1.7m | €1.7m | ▼ 3.2% |
| Land and buildings22 | €720,416 | €1.7m | €1.7m | €1.7m | €1.6m | ▼ 1.7% |
| Plant, machinery and equipment23 | €5,576 | €3,493 | €1,410 | €1,216 | €1,023 | ▼ 15.9% |
| Furniture and vehicles24 | €27,997 | €430 | €113,987 | €87,023 | €60,059 | ▼ 31.0% |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €570,119 | €692,379 | €2.0m | €2.1m | €810,215 | ▼ 60.5% |
| Stocks and contracts in progress3 | €431,619 | - | €1.4m | €1.3m | €428,224 | ▼ 66.8% |
| Stocks30/36 | €431,619 | - | €1.4m | €1.3m | €428,224 | ▼ 66.8% |
| Amounts receivable within one year40/41 | €109,054 | €525,433 | €633,188 | €428,101 | €311,748 | ▼ 27.2% |
| Trade receivables40 | €100,542 | €505,416 | €576,403 | €357,614 | €311,748 | ▼ 12.8% |
| Other amounts receivable41 | €8,511 | €20,017 | €56,785 | €70,488 | - | - |
| Cash at bank and in hand54/58 | €18,822 | €142,701 | €10,272 | €305,577 | €18,274 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | €10,624 | €24,245 | €29,172 | €29,728 | €51,969 | ▲ 74.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €2.4m | €3.8m | €3.8m | €2.5m | ▼ 34.2% |
| Equity10/15 | €890,864 | €794,788 | €575,707 | €620,716 | €658,209 | ▲ 6.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €790,864 | €790,864 | €475,707 | €520,716 | €558,209 | ▲ 7.2% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | €83,917 | €83,917 | €75,000 | €75,000 | €75,000 | = |
| Distributable reserves133 | €696,947 | €696,947 | €390,707 | €435,716 | €473,209 | ▲ 8.6% |
| Profit (loss) carried forward14 | - | -€96,076 | - | - | - | - |
| Provisions and deferred taxes16 | €2,972 | €2,972 | - | - | - | - |
| Deferred taxes168 | €2,972 | €2,972 | - | - | - | - |
| Amounts payable17/49 | €430,334 | €1.6m | €3.3m | €3.2m | €1.8m | ▼ 42.1% |
| Amounts payable after more than one year17 | €9,392 | €378,380 | €408,667 | €363,043 | €315,741 | ▼ 13.0% |
| Financial debts170/4 | €9,392 | €378,380 | €408,667 | €363,043 | €315,741 | ▼ 13.0% |
| Amounts payable within one year42/48 | €418,083 | €1.1m | €2.9m | €2.8m | €1.4m | ▼ 50.7% |
| Current portion of amounts payable after more than one year42 | €40,584 | €821,620 | €1.3m | €1.3m | €762,302 | ▼ 43.3% |
| Financial debts43 | €6,667 | €6,667 | €103,362 | €13,435 | €191,667 | ▲ 1,327% |
| Credit institutions430/8 | €6,667 | €6,667 | €103,362 | €13,435 | €191,667 | ▲ 1,327% |
| Trade debts44 | €321,693 | €214,327 | €677,694 | €653,501 | €278,281 | ▼ 57.4% |
| Suppliers440/4 | €321,693 | €214,327 | €677,694 | €653,501 | €278,281 | ▼ 57.4% |
| Taxes, remuneration and social security45 | €48,796 | €87,029 | €59,237 | €104,182 | €32,819 | ▼ 68.5% |
| Taxes450/3 | €48,796 | €87,029 | €59,237 | €104,182 | €32,819 | ▼ 68.5% |
| Other amounts payable47/48 | €344 | €344 | €670,000 | €650,196 | €100,000 | ▼ 84.6% |
| Accrued charges and deferred income492/3 | €2,858 | €133,343 | €1,872 | €39,204 | €154,651 | ▲ 294% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,828 | -€96,076 | €99,843 | €45,008 | €255,271 | ▲ 467% |
| + Depreciation and write-downs630 | €67,170 | €215,360 | €82,823 | €83,995 | €80,804 | ▼ 3.8% |
| Operating cash flow (approximation) | €76,998 | €119,284 | €182,665 | €129,003 | €336,075 | ▲ 161% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€143,324 | -€14,840 | -€25,821 | ▼ 74.0% |
| Change in cash | - | €123,879 | -€132,429 | €295,305 | -€287,303 | ▼ 197% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €255,271 ▲467%
Operating result €433,829, net result €255,271, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Back to profitnet €99,843
Net result €99,843 after one loss-making year.
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 142 days late
2022
31-12
Financial
Weakest financial yearnet -€96,076
Net result drops to -€96,076, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Equity above €1mEq €1.0m ▲14.8%
3 profitable years in a row build equity to €1.0m.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 88 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
09-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 40 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2006
Ground area
1,674 m²
Building footprint
347 m²
Volume, LiDAR
1,964 m³
2 parcels, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Hove
since 20062.152.304.195
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322C0120/00G000 | Flanders | 915 m² | 1 · 144 m² | 10.0 m · 2 fl. |
| 23322C0120/00F000 | Flanders | 759 m² | 1 · 203 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2025 · 1 entry · 944 EUR awarded · 944 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 944 EUR | 944 EUR |
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Of 2,129 companies in this sector we hold annual accounts for 1,131. 651 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded24-01-1996
Fiscal year end31-12
Abbreviation FR
DTT
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46720Wholesale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457089140
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.