HOVECO MANAGEMENT
ActiveSummary
HOVECO MANAGEMENT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19.26M and a net result of €201k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 50% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28=
Solvency78▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.2M at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.05 in 2024; short-term debt: 43.9% and cash: 0.1% of total assets), and 47.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
52.8%
Return on assets
0.6%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
3 d early
2021
2 d early
2020
2 d early
2019
69 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19.26M▲ 19.9%
2024 · €16.06M
2018: €249k
2019: €268k
2020: €15.57M
2021: €15.69M
2022: €15.81M
2023: €15.85M
2024: €16.06M
2018 → 2025
Total assets
€36.48M▲ 1.6%
2024 · €35.91M
2018: €600k
2019: €671k
2020: €35.07M
2021: €35.30M
2022: €35.43M
2023: €35.41M
2024: €35.91M
2018 → 2025
Net result
€201k▲ 0.2%
2024 · €201k
2018: €106k
2019: €109k
2020: €183k
2021: €124k
2022: €124k
2023: €42k
2024: €201k
2018 → 2025
Working capital
€-14.46M▲ 16.8%
2024 · €-17.38M
2018: €205k
2019: €253k
2020: €-16.37M
2021: €-16.57M
2022: €-16.74M
2023: €-17.00M
2024: €-17.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15.69M-€15.81M▲ 0.8%€15.85M▲ 0.3%€16.06M▲ 1.3%€19.26M▲ 19.9%
Operating result€601k-€710k▲ 18.2%€661k▼ 6.9%€737k▲ 11.5%€962k▲ 30.5%
Net result€124k-€124k▼ 0.2%€42k▼ 66.4%€201k▲ 384%€201k▲ 0.2%
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 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.48M
Fixed assets
€34.92M ▼ 0.1%
Current assets
€1.56M ▲ 60.7%
Equity and liabilities €36.48M
Equity
€19.26M ▲ 19.9%
Debt
€17.22M ▼ 13.3%
Debt's share of the balance-sheet total falls from 55.3% to 47.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.02M▲
2024 · €766k
Cash flow
€260k▲
2024 · €230k
Current ratio
0.10▲
2024 · 0.05
Debt to equity
0.89▼
2024 · 1.24
ROE
1.0%▼
2024 · 1.3%
ROA
0.6%▼
2024 · 0.6%
Interest coverage
1.04▲
2024 · 0.99
Debt ≤ 1 year
€16.02M▼
2024 · €18.35M
Debt > 1 year
€1.20M▼
2024 · €1.50M
Income taxes
€12k▲
2024 · €170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€35.91M€36.48M▲
Fixed assets21/28€34.94M€34.92M▼
Tangible fixed assets22/27€296k€275k▼
Furniture and vehicles24€75k€67k▼
Other tangible fixed assets26€221k€208k▼
Financial fixed assets28€34.64M€34.64M=
Current assets29/58€972k€1.56M▲
Amounts receivable within one year40/41€417k€248k▼
Trade receivables40€95k€79k▼
Other amounts receivable41€322k€169k▼
Current investments50/53€456k€1.26M▲
Cash at bank and in hand54/58€97k€53k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€35.91M€36.48M▲
Equity10/15€16.06M€19.26M▲
Contributions10/11€15.20M€18.20M▲
Reserves13€853k€1.05M▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€834k€1.04M▲
Amounts payable17/49€19.85M€17.22M▼
Amounts payable after more than one year17€1.50M€1.20M▼
Other amounts payable178/9€1.50M€1.20M▼
Amounts payable within one year42/48€18.35M€16.02M▼
Current portion of amounts payable after more than one year42€300k€300k=
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€10k€123k▲
Taxes450/3€10k€123k▲
Other amounts payable47/48€18.03M€15.60M▼
Accrued charges and deferred income492/3€6k€0▼
Income statement
Code20242025
Non-recurring operating income76A€457€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€59k▲
Other operating charges640/8€2k€42k▲
Non-recurring operating charges66A€6k€0▼
Gross operating margin9900€773k€1.06M▲
Operating profit (loss)9901€737k€962k▲
Financial income75/76B€235k€234k▼
Recurring financial income75€235k€234k▼
Financial charges65/66B€770k€983k▲
Recurring financial charges65€770k€983k▲
Profit (loss) for the period before taxes9903€201k€213k▲
Income taxes67/77€170€12k▲
Profit (loss) for the period9904€201k€201k▲
Profit (loss) for the period to be appropriated9905€201k€201k▲
Appropriation of the result
Profit (loss) to be appropriated9906€201k€201k▲
Transfer to equity691/2€201k€201k▲
To other reserves6921€201k€201k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 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
08-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
25-02
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
17-02
State Gazette act
General meeting · Director resignation
Director appointment · Board composition
2025
30-09
Financial
Highest result since 2018net €201k ▲0.2%
Operating result €962k, net result €201k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet €42k ▼66.4%
Net result drops to €42k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €10MEq €15.57M ▲5704%
3 profitable years in a row build equity to €15.57M.
Show earlier events
30-07
State Gazette act
Board meeting · Director appointment
Permanent representative
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Moorslede · 1 establishment unit since 2011
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.
Talpensdreef 28890 MoorsledeGround area
2,884 m²
Building footprint
241 m²
Volume, LiDAR
1,459 m³
Parcel 36012A0759/00G000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HOVECO MANAGEMENT
since 20112.194.927.381
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012A0759/00G000 | Flanders | 2,884 m² | 1 · 241 m² | 8.6 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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
2 locations
1 location
Similar companies · same sector, comparable size
Philco Participatie en Consultancy
BE 0427.919.458
Lanaken · Eq €19.28M
CALMAN
BE 0736.497.343
Waregem · Eq €19.23M
CURARIX
BE 0475.163.507
Kortrijk · Eq €19.31M
Lamett Immo
BE 0866.040.051
Deerlijk · Eq €19.13M
Amanu Group
BE 0724.692.146
Sint-Katelijne-Waver · Eq €19.40M
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 4,172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2011
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.