VAN HOYDONCK
ActiveVAN HOYDONCK has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.51M and a net result of €-381k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 4822 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability10▼-21
Solvency51=
Growth61▼-8
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days only on tighter terms
Liquidity short (current ratio 0.9 against 0.81 in 2023), and 65.9% 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 · 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 · 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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
34.1%
Return on assets
-5.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 25-09-2025, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2023
4 d early
2022
3 d early
2021
37 d early
2019
30 d early
2018
34 d early
2017
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
€35.54M▲ 48.5%
2023 · €23.94M
2018: €19.33M
2019: €19.92M
2021: €29.50M
2022: €22.51M
2023: €23.94M
2018 → 2025
EBIT margin
0.1%▼ 1.7pp
2023 · 1.7%
2018: 1.7%
2019: 1.9%
2021: 1.1%
2022: 0.0%
2023: 1.7%
2018 → 2025
Net result
€-381k
2023 · €261k
2018: €205k
2019: €283k
2021: €252k
2022: €-13k
2023: €261k
2018 → 2025
Working capital
€-395k▲ 55.7%
2023 · €-893k
2018: €889k
2019: €977k
2021: €1.07M
2022: €383k
2023: €-893k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232025Trend
Turnover€19.92M-€29.50M▲ 48.1%€22.51M▼ 23.7%€23.94M▲ 6.3%€35.54M▲ 48.5%
Equity€2.39M-€2.64M▲ 10.5%€2.63M▼ 0.5%€2.89M▲ 9.9%€2.51M▼ 13.2%
Operating result€372k-€314k▼ 15.6%€-10k€410k€21k▼ 94.9%
Net result€283k-€252k▼ 10.9%€-13k€261k€-381k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2023.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €7.35M
Fixed assets
€3.76M▼ 13.3%
Current assets
€3.59M▼ 8.3%
Equity and liabilities €7.35M
Equity
€2.51M▼ 13.2%
Provisions
€3k▼ 25.8%
Debt
€4.84M▼ 9.8%
The debt ratio rises from 65.0% to 65.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€623k▼
2023 · €931k
Cash flow
€220k▼
2023 · €783k
Solvency
34.1%▼
2023 · 35.0%
Current ratio
0.90▲
2023 · 0.81
Quick ratio
0.84▲
2023 · 0.74
Debt / equity
1.93▲
2023 · 1.86
ROE
-15.2%▼
2023 · 9.0%
ROA
-5.2%▼
2023 · 3.2%
Interest coverage
1.54▼
2023 · 10.90
Debt
€4.84M▼
2023 · €5.37M
Debt ≤ 1 year
€3.99M▼
2023 · €4.81M
Debt > 1 year
€831k▲
2023 · €499k
Income taxes
€2k▼
2023 · €82k
Staff costs
€1.56M▲
2023 · €733k
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€8.26M€7.35M▼
Fixed assets21/28€4.34M€3.76M▼
Intangible fixed assets21-€52k
Tangible fixed assets22/27€4.23M€3.53M▼
Land and buildings22€3.32M€1.50M▼
Plant, machinery and equipment23€57k€31k▼
Furniture and vehicles24€610k€283k▼
Leasing and similar rights25-€602k
Other tangible fixed assets26€20k€1.12M▲
Assets under construction and advance payments27€227k-
Financial fixed assets28€109k€178k▲
Affiliated companies280/1-€80k
Participating interests280-€80k
Other financial fixed assets284/8€109k€98k▼
Shares284€97k€97k=
Amounts receivable and cash guarantees285/8€12k€1k▼
Current assets29/58€3.92M€3.59M▼
Stocks and contracts in progress3€358k€262k▼
Stocks30/36€358k€262k▼
Work in progress32€331k€247k▼
Goods purchased for resale34€27k€16k▼
Amounts receivable within one year40/41€2.77M€3.11M▲
Trade receivables40€2.39M€2.71M▲
Other amounts receivable41€382k€404k▲
Cash at bank and in hand54/58€772k€204k▼
Deferred charges and accrued income490/1€22k€16k▼
Equity and liabilities
Total equity and liabilities10/49€8.26M€7.35M▼
Equity10/15€2.89M€2.51M▼
Contributions10/11€265k€265k=
Capital10€265k€265k=
Issued capital100€265k€265k=
Reserves13€2.62M€2.62M▼
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Tax-exempt reserves132€693k€690k▼
Distributable reserves133€1.90M€1.90M=
Profit (loss) carried forward14€5k€-373k▼
Provisions and deferred taxes16€4k€3k▼
Deferred taxes168€4k€3k▼
Amounts payable17/49€5.37M€4.84M▼
Amounts payable after more than one year17€499k€831k▲
Financial debts170/4€482k€809k▲
Leasing and similar obligations172-€391k
Credit institutions173€332k€268k▼
Other loans174€150k€150k=
Other amounts payable178/9€18k€22k▲
Amounts payable within one year42/48€4.81M€3.99M▼
Current portion of amounts payable after more than one year42€211k€342k▲
Financial debts43€3.71M€2.60M▼
Credit institutions430/8€3.71M€2.60M▼
Trade debts44€694k€933k▲
Suppliers440/4€694k€933k▲
Taxes, remuneration and social security45€183k€108k▼
Taxes450/3€98k€22k▼
Remuneration and social security454/9€85k€85k▲
Other amounts payable47/48€15k€7k▼
Accrued charges and deferred income492/3€52k€22k▼
Income statement
Code20232025
Operating income70/76A€24.69M€44.25M▲
Turnover70€23.94M€35.54M▲
Change in stocks of work in progress, finished goods and contracts in progress71€13k€-84k▼
Other operating income74€693k€1.06M▲
Non-recurring operating income76A€48k€7.73M▲
Operating charges60/66A€24.28M€44.23M▲
Goods for resale, raw materials and consumables60€19.77M€27.73M▲
Purchases600/8€19.71M€27.72M▲
Change in stocks: decrease (increase)609€66k€12k▼
Services and other goods61€3.20M€6.67M▲
Remuneration, social security and pensions62€733k€1.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€522k€602k▲
Other operating charges640/8€53k€108k▲
Non-recurring operating charges66A€877€7.56M▲
Operating profit (loss)9901€410k€21k▼
Financial income75/76B€45k€86k▲
Recurring financial income75€45k€86k▲
Income from financial fixed assets750€7k€12k▲
Income from current assets751€35k€64k▲
Other financial income752/9€4k€10k▲
Financial charges65/66B€107k€487k▲
Recurring financial charges65€107k€487k▲
Debt charges650€85k€405k▲
Other financial charges652/9€22k€82k▲
Profit (loss) for the period before taxes9903€348k€-380k▼
Transfer from deferred taxes780-€1k
Transfer to deferred taxes680€4k-
Income taxes67/77€82k€2k▼
Taxes670/3€82k€2k▼
Profit (loss) for the period9904€261k€-381k▼
Transfer from tax-exempt reserves789-€3k
Transfer to tax-exempt reserves689€44k-
Profit (loss) for the period to be appropriated9905€218k€-378k▼
Appropriation of the result
Profit (loss) to be appropriated9906€175k€-373k▼
Profit (loss) brought forward from the previous period14P€-43k€5k▲
Transfer to equity691/2€170k-
To other reserves6921€170k-
Social balance
Average headcount (FTE)90879.49.8▲
The notes to these accounts (98 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
25-03
State Gazette act
Statutes amendment · RestructuringDemerger · Accounting effect · Net-asset statement18 facts ▸
State Gazette act
Statutes amendment · Restructuring
Demerger · Accounting effect · Net-asset statement18 facts ▸
- Demerger
- Demerger
- Demerger
- Demerger
- Accounting effect, 01/01/2026
- Net-asset statement, 31/12/2025
- Net-asset statement, 31/12/2025
- Net-asset statement, 31/12/2025
- Net-asset statement, 31/12/2025
- Share issue, 129, aandeelhouders van de partieel te splitsen vennootschap
- Share issue, 27, aandeelhouders van de partieel te splitsen vennootschap
- Share issue, 59, aandeelhouders van de partieel te splitsen vennootschap
- +6 further facts in this act
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
28-02
Financial
Weakest financial yearnet €-381k ▼246%
Net result drops to €-381k, the lowest in the series.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €261k
Net result €261k after one loss-making year.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €283k ▲37.8%
Net result €283k, the highest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
30-11-2025
Resigned as Director
Location & real-estate footprint
Registered office, Wuustwezel · 2 establishment units since 1992
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.
Bredabaan (Gooreind) 2582990 WuustwezelGround area
1.6 ha
Building footprint
3,199 m²
Volume, LiDAR
5,533 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
VAN HOYDONCK NV
since 19922.056.163.339
Sint Lenaartseweg 116, 2990 Wuustwezel
since 20092.191.303.937
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11026C0118/00F002 | Flanders | 7,939 m² | 1 · 1,050 m² | 7.2 m · 2 fl. |
| 11053E0049/00E000 | Flanders | 7,610 m² | 1 · 2,148 m² | 4.4 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
4 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Acquisitions and mergers
4 transactionsContributed a business line to:AGRIFARM
Contributed a business line to:CREA INVEST
Contributed a business line to:LARA KEI
Contributed a business line to:THOVARCO
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 89,114 EUR awarded · 58,859 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 505 EUR | 54,950 EUR |
| 2024 | 2 | 84,812 EUR | 112 EUR |
| 2022 | 2 | 3,797 EUR | 3,797 EUR |
Schemes
Ecologiepremie+
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesWuustwezel2.056.163.339
Wuustwezel2.191.303.937
Legal Entity Identifier
894500JTNQK7ZTDCP759
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Of 141 companies in sector 46212 we hold annual accounts for 68. 34 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-1991
Fiscal year end28-02
Activities, NACEBEL
46212Wholesale trade
49410Freight transport by road
01462Crop and animal production, hunting and related service activities
51210
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.