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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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HOVAS from Quiévrain, company number BE0540978896, closed financial year 2025 with a result of € 5,709 after tax. For that financial year HOVAS recorded a gross margin of € 11,459 and equity of € -9,705. Compared with financial year 2024, the result moved from € -1,525 to € 5,709. Profitable, and profit is growing. 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 June 15, 2026.
€ -9,705
▲ € 5,709 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,709
▲ still € 1,525 loss in 2024
Profit after tax over the fiscal year.
€ 20,633
▲ € 19,572 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -15,905.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 20,111
▲ € 19,405 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15,744
▲ € 15,179 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,292
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 | € 30,201 | € 23,679 | € -403 | € 11,459 | ▲ € 11,862 |
| Profit after taxes | € -18,497 | € 1,464 | € -1,525 | € 5,709 | ▲ € 7,234 |
| Equity | € -15,354 | € -13,889 | € -15,414 | € -9,705 | ▲ € 5,709 |
| Total debts | € 43,458 | € 16,260 | € 17,717 | € 53,611 | ▲ 203% |
| Cash | € 336 | € 609 | € 1,060 | € 20,633 | ▲ € 19,572 |
| Retained profit | € -21,554 | € -20,089 | € -21,614 | € -15,905 | ▲ € 5,709 |
| Dividend | € 10,675 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 28,104 | € 2,370 | € 2,302 | € 43,906 | ▲ € 41,603 |
Key figures of HOVAS, 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 HOVAS?
What happened at HOVAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,709. Source: NBB ↗
- New establishment in Quiévrain. KBO
- Micha Aslanyan became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,497 loss in 2022 to € 5,709 profit in 2025.
Paid € 336 in corporate taxes since 2022.
Best year ever: 2025, with € 5,709 profit.
Paid out € 10,675 in dividends to the owners in total.
Management
Behind HOVAS is Micha Aslanyan.
Directors
According to the 2025 annual accounts
Micha Aslanyan
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Rue Rouge Croix 18
7380 Quiévrain
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0540.978.896
- VAT number
- BE 0540.978.896
- Registered office
- Rue Rouge Croix 18, 7380 Quiévrain
- Names & denominations
- HOVAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 2013
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
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