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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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HOVADI from Gent, company number BE0533755960, closed financial year 2025 with a result of € 100,576 after tax. For that financial year HOVADI recorded a gross margin of € 163,314 and equity of € 255,509. Compared with financial year 2024, the result moved from € 118,197 to € 100,576. The company is profitable. The buffer shrank hard: equity is 58 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 255,509
▼ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 100,576
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 37,984
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 452,564 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 5,495
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 59,723
▼ 27% vs 2024
€ 23,304 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3,220
▲ 120% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,044
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,099 | € 179,313 | € 183,749 | € 163,314 | ▼ 11% |
| Profit after taxes | € -45,274 | € 102,603 | € 118,197 | € 100,576 | ▼ 15% |
| Equity | € 1,124,660 | € 805,089 | € 607,497 | € 255,509 | ▼ 58% |
| Total debts | € 182,693 | € 250,707 | € 417,156 | € 703,950 | ▲ 69% |
| Cash | € 25,741 | € 43,418 | € 27,675 | € 37,984 | ▲ 37% |
| Land & buildings | € 900,305 | € 880,407 | € 860,510 | € 840,640 | ▼ 2% |
| Retained profit | € 1,112,260 | € 792,689 | € 595,097 | € 243,109 | ▼ 59% |
| Dividend | € 0 | € 422,174 | € 315,789 | € 452,564 | ▲ 43% |
| Bank debt | € 127,358 | € 104,996 | € 82,308 | € 59,723 | ▼ 27% |
| Balance sheet total | € 1,307,353 | € 1,055,796 | € 1,024,653 | € 959,459 | ▼ 6% |
Key figures of HOVADI, 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 HOVADI?
What happened at HOVADI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 100,576 (▼ 15% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Hilde Van Dingenen became a director. NBB
- New establishment in Gent. KBO
- Sven Hofman became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 45,274 loss in 2022 to € 100,576 profit in 2025.
Paid € 33,888 in corporate taxes since 2022.
Best year ever: 2024, with € 118,197 profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
Behind HOVADI are Sven Hofman and Hilde Van Dingenen.
Directors
According to the 2025 annual accounts
Sven Hofman
Manager
since 2013
Hilde Van Dingenen
Manager
since 2019
Establishments
Establishment units
Physical locations of this company
Leeuwenhof 49
9031 Gent
Gijzelstraat 6
9031 Gent
Active since 18 June 2020
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
- 0533.755.960
- VAT number
- BE 0533.755.960
- Registered office
- Leeuwenhof 49, 9031 Gent
- Names & denominations
- HOVADI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 2013
- Peppol
- Active · Active since 10 Oct 2025
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