Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MICHEL HOFLACK en Cie from Staden, company number BE0418262416, closed financial year 2024 with a result of € 9.6 million after tax. For that financial year MICHEL HOFLACK en Cie recorded revenue of € 53 million and equity of € 100 million. Compared with financial year 2023, the result moved from € 5.8 million to € 9.6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2025.
€ 100 million
▲ 10% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.6 million
▲ 65% vs 2023
Profit after tax over the fiscal year.
€ 119,803
▼ 98% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 721,521 paid out
8 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
7
▼ 0.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 408,820
▲ 10% vs 2023
€ 58,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,337
▼ 86% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 6.7 million
▲ 38% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 215,303
▲ 98% vs 2023
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 40,395,969 | € 35,476,364 | € 45,935,835 | € 53,013,384 | ▲ 15% |
| Profit after taxes | € 4,195,442 | € 613,253 | € 5,829,146 | € 9,595,639 | ▲ 65% |
| Equity | € 85,726,073 | € 86,228,323 | € 91,169,443 | € 100,043,561 | ▲ 10% |
| Total debts | € 143,562,901 | € 145,254,171 | € 144,094,227 | € 145,689,296 | ▲ 1% |
| Cash | € 8,143,433 | € 5,033,688 | € 7,819,425 | € 119,803 | ▼ 98% |
| Land & buildings | € 5,184 | € 5,184 | € 5,184 | € 5,184 | |
| Retained profit | € 78,316,476 | € 78,818,725 | € 83,759,846 | € 92,633,964 | ▲ 11% |
| Dividend | € 263,633 | € 111,003 | € 888,026 | € 721,521 | ▼ 19% |
| Balance sheet total | € 229,288,974 | € 231,482,494 | € 235,263,670 | € 245,732,857 | ▲ 4% |
| Employees (FTE) | 7.4 | 7.2 | 7.3 | 7 | ▼ 0.3 |
Key figures of MICHEL HOFLACK en Cie, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 July 2026.
What happened to MICHEL HOFLACK en Cie?
What happened at MICHEL HOFLACK en Cie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 9.6 million (▲ 65% vs 2023). Source: NBB ↗
- Philip Hoflack became a director. NBB
- Jacques Hoflack became a director. NBB
- Luc Hoflack became a director. NBB
- Marc Hoflack became a director. NBB
- New establishment in Ardooie. KBO
- New establishment in Staden. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.2 million profit in 2021 to € 9.6 million profit in 2024.
Paid € 3.1 million in corporate taxes since 2021.
Best year ever: 2024, with € 9.6 million profit.
Paid out € 2 million in dividends to the owners in total.
A new publication or filing at MICHEL HOFLACK en Cie? We notify you, reason included.
Follow MICHEL HOFLACK en CieDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of HOVECO MANAGEMENT, Horafrost comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MICHEL HOFLACK en CieBehind MICHEL HOFLACK en Cie are Jacques Hoflack, Luc Hoflack, Marc Hoflack and Philip Hoflack. The shares are held by HOVECO MANAGEMENT (24.1%) and Horafrost (3.6%). It owns 100% of Heuvelrug, 100% of Horafrost and 99% of Homifreez itself.
Directors
According to the 2024 annual accounts
since 2006
Luc Hoflack
Director
Also active at: Horafrost, VIAFRITES, HOMIFREEZ, H.B.S., AGF TRADING MANDELVALLEI, Heuvelrug, LUC & MARC INVEST
since 2006
Marc Hoflack
Director
Also active at: Horafrost, VIAFRITES, HOMIFREEZ, SERVI, ECOFROST, AGF TRADING MANDELVALLEI, LUC & MARC INVEST
since 2006
Shareholders
24.1%
3.6%
Establishments
Establishment units
Physical locations of this company
Voermanstraat(STA) 5
8840 Staden
Gapaardstraat 21
8850 Ardooie
Active since 17 June 1994
Voermanstraat(STA) 7
8840 Staden
Active since 1 April 1978
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.262.416
- VAT number
- BE 0418.262.416
- Registered office
- Voermanstraat(STA) 5, 8840 Staden
- Names & denominations
- MICHEL HOFLACK en Cie
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 1978
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
Productie van diepgevroren groenten en fruit
Groothandel in groenten en fruit, muv consumptieaardappelen
Groothandel in groenten en fruit
Groothandel in akkerbouwproducten en veevoeders, algemeen assortiment
Detailhandel in bloemen, planten, zaden en kunstmeststoffen
Detailhandel in groenten en fruit
Groothandel in granen, zaden en diervoeders
Gespecialiseerde detailhandel in bloemen en planten, zaden en kunstmeststoffen