Active BE 0402.728.558Public limited company

Hoviplast

Chaussée de Soignies(Silly) 87 ·7830 Silly, Belgium· 58 yrs active

Sector: Installatie van isolatie (43230)

Conclusion Checked

The computed 12-month bankruptcy probability of Hoviplast is 0.3% (very low). The 2025 annual accounts show equity of €18.47M and a net result of €558k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 95% of 117 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€18.47M
Net result	€558k
Staff (FTE)	7.5
Better than sector	95%

Financial profile 5 of 5 axes measured · computed by Checked

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 72

Solvency 100

Growth 33

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

Long track record −Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1968, 58 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 26-05-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 8 fiscal years (±1.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	99.0%	39.4%	better than 95% of 117 sector peers
Net result	€558k	€22k	better than 95% of 116 sector peers
Equity	€18.47M	€123k	better than 95% of 117 sector peers
Staff costs	€450k	€217k	higher than 65% of 83 sector peers
Employees (FTE)	7.5	5.1	better than 60% of 74 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€1.89M

+39.1% 18-25

EBITDA

€834k

+69.2% 18-25

Net profit

€558k

+24.3% 18-25

Cash flow

€839k

+25.0% 18-25

Total assets

€18.67M

+2.9% 18-25

Equity

€18.47M

+3.1% 18-25

Working capital

€9.30M

-6.3% 18-25

Employees (FTE)

8

-2.6% 18-25

Show 14 other metrics

Staff costs

€450k

+3.1% 18-25

Income taxes

€189k

+23.7% 18-25

Dividends

€47.97M

- 18-25

Debt

€191k

-15.5% 18-25

Debt ≤ 1y

€191k

-15.5% 18-25

Current ratio

49.62

+10.6% 18-25

Quick ratio

48.38

+10.5% 18-25

Solvency

99.0%

+0.2% 18-25

Debt / equity

0.01

-18.1% 18-25

ROE

3.0%

+20.5% 18-25

ROA

3.0%

+20.8% 18-25

Net margin

29.4%

-10.7% 18-25

EBITDA margin

44.0%

+21.6% 18-25

Interest coverage

1592.13

+127.6% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	€1.89M
EBITDA	€834k
Net profit	€558k
Cash flow	€839k
Staff costs	€450k
Income taxes	€189k
Dividends	-
Total assets	€18.67M
Equity	€18.47M
Debt	€191k
of which ≤ 1y	€191k
of which > 1y	-
Working capital	€9.30M
Employees (FTE)	7.5

Ratios (computed)

	2025
Current ratio	49.62
Quick ratio	48.38
Working capital ratio	49.8%
Solvency	99.0%
Debt / equity	0.01
Long-term debt ratio	-
Interest coverage	1592.13
Gross margin	64.5%
Net margin	29.4%
ROA	3.0%
ROE	3.0%
EBITDA margin	44.0%
Days sales outstanding	36d
Days payable outstanding	64d
Inventory turnover	2.84
Days inventory (DSI)	129d

Balance-sheet composition 2025

Assets

Fixed assets €9.18M · 49.2% Current assets €9.49M · 50.8%

Equity & liabilities

Equity €18.47M · 99.0% Debt €191k · 1.0%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€18.67M
Fixed assets	21/28	€9.18M
Tangible fixed assets	22/27	€3.41M
Financial fixed assets	28	€5.77M
Current assets	29/58	€9.49M
Stocks & contracts in progress	3	€237k
Amounts receivable within one year	40/41	€206k
Investments	50/53	€8.15M
Cash & bank	54/58	€849k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€18.67M
Equity	10/15	€18.47M
Contributions / capital	10/11	€279k
Reserves	13	€28k
Accumulated profits (losses)	14	€18.17M
Amounts payable	17/49	€191k
Amounts payable within one year	42/48	€191k
Trade debts payable within one year	44	€117k
Income statement
Turnover	70	€1.89M
Operating result	9901	€553k
Financial income	75	€194k
Financial charges	65	€524
Result before taxes	9903	€746k
Income taxes	67/77	€189k
Net result for the period	9904	€558k
Result to be appropriated	9905	€558k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 5 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (22037863). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Baroel
Director
State Gazette act 22037863 (22-03-2022)

Current
22-03-2022 → present
Linda Mertens
Director
State Gazette act 22037863 (22-03-2022)

Current
22-03-2022 → present
Tanguy della Faille
Director
State Gazette act 22037863 (22-03-2022)

Current
05-01-2018 → present
3 events
- 22-03-2022 Appointed· Director
- 01-02-2021 Appointed· Director
- 05-01-2018 Appointed· Director

Former directors (2)

Carine Mertens
Director
State Gazette act 22037863 (22-03-2022)

Former
- → 22-03-2022
Marc Battaille
Director
State Gazette act 17067497 (12-05-2017)

Former
- → 12-05-2017

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Statutory auditor 4 auditor

Statutory auditor	IRE/IBR number	Tenure
SRL F.C.G. Réviseurs d'EntreprisesCurrent Commissaire	-	14-07-2023 → present

Show 3 earlier auditors

Gerre Debraekeleer Commissaire succeeded by SRL F.C.G. Réviseurs d'Entreprises in 2023	-	22-03-2022 → 14-07-2023
Luc Ravert Commissaire	-	03-09-2020 → 22-03-2022
S.P.R.L. Ravert, Stevens & Co Commissaire succeeded by Gerre Debraekeleer in 2022	-	29-08-2017 → 22-03-2022

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Legal Structure

NACE primary	Installatie van isolatie(43230)
Legal form	Public limited company(014)
Incorporation	01-01-1968
Status	Active
Postal code	7830

Establishment units 1 location

Chaussée de Soignies(Silly) 87, 7830 Silly

Vervaardiging van al dan niet isolerende vloer-, wandof plafondbedekking van kunststof, op rollen of in de vorm van tegels, platen, enz

since 19562.005.762.238

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55021A0250/00E002indicative	Wallonia	1,074 m²	1 · 95 m²	10.5 m · 3 fl.

Methodology

via registered seat: 1

0 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 19 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

26-05-2026

NBB filing Annual accounts filed

fiscal year 2025 · volledig

2025

26-05-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

02-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

2023

14-07-2023

State Gazette act Director changes

v3.2

13-06-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

16-06-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

22-03-2022

State Gazette act Director changes

v3.2

21-02-2022

State Gazette act Statutes amendment

v3.2

2021

15-06-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

01-02-2021

State Gazette act Director changes

v3.2

01-02-2021

State Gazette act Director changes

v3.2

2020

03-09-2020

State Gazette act Director changes

v3.2

25-05-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

20-05-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2018

05-06-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

05-01-2018

State Gazette act Director changes

v3.2

2017

29-08-2017

State Gazette act Director changes

v3.2

08-06-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

12-05-2017

State Gazette act Director changes

v3.2

Belgian State Gazette reading coverage 0 of 15 acts read

We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 9 acts

All acts · 9 updated 3 years ago

2023

14-07-2023 SRL F.C.G. Réviseurs d'Entreprises appointed as commissaire Director changes

SRL F.C.G. Réviseurs d'Entreprises, Commissaire

Summary: v3.2

Original publication ↗

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2022

22-03-2022 4 directors appointed, 2 resigning Director changes

Linda Mertens, Bestuurder
Tanguy della Faille, Bestuurder
Baroel, Bestuurder
Gerre Debraekeleer, Commissaire
Carine Mertens, Bestuurder
Luc Ravert, Commissaire

Summary: v3.2

Original publication ↗

Technical details

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21-02-2022 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Technical details

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2021

01-02-2021 Tanguy della Faille appointed as director Director changes

Tanguy della Faille, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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01-02-2021 Tanguy della Faille appointed as director Director changes

Tanguy della Faille, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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2020

03-09-2020 Luc Ravert appointed as commissaire Director changes

Luc Ravert, Commissaire

Summary: v3.2

Original publication ↗

Technical details

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2018

05-01-2018 Tanguy della Faille appointed as director Director changes

Tanguy della Faille, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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2017

29-08-2017 S.P.R.L. Ravert, Stevens & Co appointed as commissaire Director changes

S.P.R.L. Ravert, Stevens & Co, Commissaire

Summary: v3.2

Original publication ↗

Technical details

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12-05-2017 Marc Battaille resigns as director Director changes

Marc Battaille, Bestuurder

Summary: v3.2

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Vervaardiging van metalen deuren en vensters25120Vervaardiging van hang- en sluitwerk25620Installatie van isolatie43230Isolatiewerkzaamheden43291Vervaardiging van overige geconfectioneerde artikelen van textiel, muv kleding13929Confectie van overige textielartikelen17402

Primary activity highlighted.

Names & trade names

Legal nameFR

Hoviplast

Registered office

Chaussée de Soignies(Silly) 87

7830 Silly, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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