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 37 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
HOVATEC from Bilzen-Hoeselt, company number BE0502797223, closed financial year 2024 with a result of € 10,943 after tax. For that financial year HOVATEC recorded a gross margin of € 44,350 and equity of € 213,261. Compared with financial year 2023, the result moved from € 3,411 to € 10,943. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2025.
€ 213,261
▲ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,943
▲ 221% vs 2023
Profit after tax over the fiscal year.
€ 28,659
▼ 76% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 207,061.
People and assets in 2024
€ 2,593
▲ 12% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 188,114
▼ 7% vs 2023
€ 15,266 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 54,257
▼ 55% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 42,954
▼ 19% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 118,513 | € 174,231 | € 42,115 | € 44,350 | ▲ 5% |
| Profit after taxes | € 20,405 | € 23,343 | € 3,411 | € 10,943 | ▲ 221% |
| Equity | € 175,563 | € 198,906 | € 202,318 | € 213,261 | ▲ 5% |
| Total debts | € 588,333 | € 902,875 | € 881,083 | € 716,278 | ▼ 19% |
| Cash | € 30,807 | € 58,003 | € 120,421 | € 28,659 | ▼ 76% |
| Land & buildings | € 237,794 | € 430,831 | € 420,707 | € 410,583 | ▼ 2% |
| Retained profit | € 169,363 | € 192,706 | € 196,118 | € 207,061 | ▲ 6% |
| Bank debt | € 207,528 | € 218,051 | € 203,176 | € 188,114 | ▼ 7% |
| Balance sheet total | € 763,896 | € 1,101,781 | € 1,083,401 | € 929,539 | ▼ 14% |
| Employees (FTE) | 2 | 2 | 0.5 | - |
Key figures of HOVATEC, 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 31 July 2026.
What happened to HOVATEC?
What happened at HOVATEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 10,943 (▲ 221% vs 2023). filed late Source: NBB ↗
- New establishment in Bilzen-Hoeselt. KBO
- Bart Marc Holsteen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 20,405 profit in 2021 to € 10,943 profit in 2024.
Paid € 31,075 in corporate taxes since 2021.
Best year ever: 2022, with € 23,343 profit.
On average € 87,100 of value added per employee in 2022.
A new publication or filing at HOVATEC? We notify you, reason included.
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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
Behind HOVATEC are Bart Marc Holsteen and Bart Vandersanden.
Directors
According to the 2024 annual accounts
Bart Marc Holsteen
Director
since 2013
Bart Vandersanden
Director
Establishments
Establishment units
Physical locations of this company
Korenstraat 29
3740 Bilzen-Hoeselt
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
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
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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