What does HOVATEC do?

HOVATEC is an electrical contractor in Bilzen-Hoeselt. Private Limited, started on 24 January 2013, 1 establishment.

What is the address of HOVATEC?

The registered office of HOVATEC is located at Korenstraat 29, 3740 Bilzen-Hoeselt.

Is HOVATEC still active?

Yes. According to the CBE (2 November 2026) HOVATEC is active, legal situation “Normale toestand”, started on 24 January 2013.

Is HOVATEC registered on Peppol?

Yes, HOVATEC is registered on the Peppol network with ID 0208:0502797223.

What is the enterprise number of HOVATEC?

The enterprise number of HOVATEC is BE0502797223.

When was HOVATEC founded?

HOVATEC was founded on 24 January 2013.

Who are the directors of HOVATEC?

According to the 2025 annual accounts, the directors of HOVATEC are: Bart Marc Holsteen, Bart Vandersanden.

Is HOVATEC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 24 January 2013; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did HOVATEC make in 2025?

HOVATEC recorded a loss after taxes of € 126,277 in financial year 2025.

What is the revenue of HOVATEC?

As a small company, HOVATEC is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -108,148.

How much does an employee at HOVATEC earn?

The average wage cost per full-time employee at HOVATEC was € 46,400 in 2022: staff costs of € 92,885 for 2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

Does HOVATEC have a website?

Yes, HOVATEC has a website at hovatec.be.

HOVATEC (Private Limited) - Bilzen-Hoeselt - BE0502797223

Dossier HOVATEC, printed on 2 November 2026 from databakkes.be/en/0502797223/hovatec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 13 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

HOVATEC from Bilzen-Hoeselt, company number BE0502797223, closed financial year 2025 with a result of € -126,277 after tax. For that financial year HOVATEC recorded a gross margin of € -108,148 and equity of € 86,984. Compared with financial year 2024, the result moved from € 10,943 to € -126,277. The company made a loss. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.

What it is worth Shrank hard

€ 86,984

▼ 59% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -126,277

▼ still € 10,943 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 7,814

▼ 73% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 80,784.

People and assets in 2025

Vehicles and equipment

€ 902

▼ 65% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 11 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 172,848

▼ 8% vs 2024

€ 15,466 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 11,952

▼ 78% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 5,579

▼ 87% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 174,231 Gross margin 2022: € 174,231 First fiscal year in the series	€ 42,115 Gross margin 2023: € 42,115 ▼ 76% vs 2022 (€ 174,231) Unfavourable step	€ 44,350 Gross margin 2024: € 44,350 ▲ 5% vs 2023 (€ 42,115) Favourable step	€ -108,148 Gross margin 2025: € -108,148 ▼ € 152,498 vs 2024 (€ 44,350) Unfavourable step	▼ € 152,498
Profit after taxes	€ 23,343 Profit after taxes 2022: € 23,343 First fiscal year in the series	€ 3,411 Profit after taxes 2023: € 3,411 ▼ 85% vs 2022 (€ 23,343) Unfavourable step	€ 10,943 Profit after taxes 2024: € 10,943 ▲ 221% vs 2023 (€ 3,411) Favourable step	€ -126,277 Profit after taxes 2025: € -126,277 ▼ € 137,220 vs 2024 (€ 10,943) Unfavourable step	▼ € 137,220
Equity	€ 198,906 Equity 2022: € 198,906 First fiscal year in the series	€ 202,318 Equity 2023: € 202,318 ▲ 2% vs 2022 (€ 198,906) Favourable step	€ 213,261 Equity 2024: € 213,261 ▲ 5% vs 2023 (€ 202,318) Favourable step	€ 86,984 Equity 2025: € 86,984 ▼ 59% vs 2024 (€ 213,261) Unfavourable step	▼ 59%
Total debts	€ 902,875 Total debts 2022: € 902,875 First fiscal year in the series	€ 881,083 Total debts 2023: € 881,083 ▼ 2% vs 2022 (€ 902,875) Favourable step	€ 716,278 Total debts 2024: € 716,278 ▼ 19% vs 2023 (€ 881,083) Favourable step	€ 588,287 Total debts 2025: € 588,287 ▼ 18% vs 2024 (€ 716,278) Favourable step	▼ 18%
Cash	€ 58,003 Cash 2022: € 58,003 First fiscal year in the series	€ 120,421 Cash 2023: € 120,421 ▲ 108% vs 2022 (€ 58,003) Favourable step	€ 28,659 Cash 2024: € 28,659 ▼ 76% vs 2023 (€ 120,421) Unfavourable step	€ 7,814 Cash 2025: € 7,814 ▼ 73% vs 2024 (€ 28,659) Unfavourable step	▼ 73%
Land & buildings	€ 430,831 Land & buildings 2022: € 430,831 First fiscal year in the series	€ 420,707 Land & buildings 2023: € 420,707 ▼ 2% vs 2022 (€ 430,831) Unchanged	€ 410,583 Land & buildings 2024: € 410,583 ▼ 2% vs 2023 (€ 420,707) Unchanged	€ 400,460 Land & buildings 2025: € 400,460 ▼ 2% vs 2024 (€ 410,583) Unchanged	▼ 2%
Retained profit	€ 192,706 Retained profit 2022: € 192,706 First fiscal year in the series	€ 196,118 Retained profit 2023: € 196,118 ▲ 2% vs 2022 (€ 192,706) Favourable step	€ 207,061 Retained profit 2024: € 207,061 ▲ 6% vs 2023 (€ 196,118) Favourable step	€ 80,784 Retained profit 2025: € 80,784 ▼ 61% vs 2024 (€ 207,061) Unfavourable step	▼ 61%
Bank debt	€ 218,051 Bank debt 2022: € 218,051 First fiscal year in the series	€ 203,176 Bank debt 2023: € 203,176 ▼ 7% vs 2022 (€ 218,051) Favourable step	€ 188,114 Bank debt 2024: € 188,114 ▼ 7% vs 2023 (€ 203,176) Favourable step	€ 172,848 Bank debt 2025: € 172,848 ▼ 8% vs 2024 (€ 188,114) Favourable step	▼ 8%
Balance sheet total	€ 1,101,781 Balance sheet total 2022: € 1,101,781 First fiscal year in the series	€ 1,083,401 Balance sheet total 2023: € 1,083,401 ▼ 2% vs 2022 (€ 1,101,781) Unchanged	€ 929,539 Balance sheet total 2024: € 929,539 ▼ 14% vs 2023 (€ 1,083,401) Unchanged	€ 675,271 Balance sheet total 2025: € 675,271 ▼ 27% vs 2024 (€ 929,539) Unchanged	▼ 27%
Employees (FTE)	2 Employees (FTE) 2022: 2 First fiscal year in the series	0.5 Employees (FTE) 2023: 0.5 ▼ 1.5 vs 2022 (2) Unchanged	-	-

Key figures of HOVATEC, 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 HOVATEC?

What happened at HOVATEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 16, 2026 New annual accounts for financial year 2025: loss of € 126,277 (▼ € 137,220 vs 2024). filed late Source: NBB ↗
Jan 25, 2013 New establishment in Bilzen-Hoeselt. KBO
2013 Bart Marc Holsteen became a director. NBB
Jan 24, 2013 Start of the company according to the CBE. KBO

In short

From € 23,343 profit in 2022 to € 126,277 loss in 2025.

Paid € 20,453 in corporate taxes since 2022.

Best year ever: 2022, with € 23,343 profit.

On average € 87,100 of value added per employee in 2022.

Original PDFs at the National Bank ↗

Management

Bart Marc Holsteen Bart Vandersanden

HOVATEC

Behind HOVATEC are Bart Marc Holsteen and Bart Vandersanden.

Directors

According to the 2025 annual accounts

Bart Marc Holsteen

Director

since 2013

Bart Vandersanden

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Korenstraat 29

3740 Bilzen-Hoeselt

2.216.299.649

Heesveld 15A

3740 Bilzen-Hoeselt

Active since 25 January 2013

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS hovatec.be

Technologies

ApacheVarnish

Hosting & Email

Email provider

one.com Mail

Hosting

ONECOM, DK

Website info

HTTPS Ja

Features

Security

✓ HTTPS

✗ SPF

✗ DMARC

Network

✓ IPv6

Details

Company number

0502.797.223

VAT number

BE 0502.797.223

Registered office

Korenstraat 29, 3740 Bilzen-Hoeselt

Names & denominations

HOVATEC

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

24 January 2013

Peppol

Active · Active since 2 Dec 2025

Contact

hovatec.be

Activities · NACE

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View on CBE Public ↗ Annual accounts (NBB) ↗

HOVATEC

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Financials

What happened to HOVATEC?

Management

Directors

Establishments

Establishment units

Website

Technologies

Hosting & Email

Website info

Features

Security

Network

Details

Frequently asked questions