Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HOVALO from Kalmthout, company number BE0450202041, closed financial year 2025 with a result of € -16,731 after tax. For that financial year HOVALO recorded a gross margin of € -1,335 and equity of € -249,532. Compared with financial year 2024, the result moved from € -12,227 to € -16,731. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -249,532
▼ € 16,731 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,731
▼ 37 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,776
▲ € 5,142 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -299,111.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,678
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 138
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -8,673 | € -18,639 | € 3,161 | € -1,335 | ▼ € 4,497 |
| Profit after taxes | € -25,326 | € -34,138 | € -12,227 | € -16,731 | ▼ € 4,504 |
| Equity | € -186,437 | € -220,574 | € -232,801 | € -249,532 | ▼ € 16,731 |
| Total debts | € 311,389 | € 338,897 | € 316,185 | € 298,226 | ▼ 6% |
| Cash | € 15,152 | € 20,591 | € 1,634 | € 6,776 | ▲ € 5,142 |
| Land & buildings | € 71,370 | € 58,846 | € 46,323 | € 33,799 | ▼ 27% |
| Retained profit | € -236,016 | € -270,153 | € -282,380 | € -299,111 | ▼ € 16,731 |
| Bank debt | € 11,085 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 124,952 | € 118,322 | € 83,384 | € 48,694 | ▼ 42% |
Key figures of HOVALO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HOVALO?
What happened at HOVALO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,731. Source: NBB ↗
- New establishment in Kalmthout. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,326 loss in 2022 to € 16,731 loss in 2025.
Management
Behind HOVALO is Marc Hoppenbrouwers.
Directors
According to the 2025 annual accounts
Marc Hoppenbrouwers
Director
Establishments
Establishment units
Physical locations of this company
Foxemaatstraat (C) 164
2920 Kalmthout
Foxemaatstraat (Ab) 164
2920 Kalmthout
Active since 11 June 1993
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.202.041
- VAT number
- BE 0450.202.041
- Registered office
- Foxemaatstraat (C) 164, 2920 Kalmthout
- Names & denominations
- HOVALO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 1993
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Fokvarkenshouderijen
Fokvarkenshouderij