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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 19.1 to 9.4.
Financials
Financial year 2024
HOCO from Sint-Gillis (bij-Brussel), company number BE0670992649, closed financial year 2024 with a result of € -35,867 after tax. For that financial year HOCO recorded a gross margin of € 323,300 and equity of € 54,845. Compared with financial year 2023, the result moved from € -30,483 to € -35,867. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 5, 2025.
€ 54,845
▲ € 137,128 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -35,867
▼ 18 % more loss than in 2023
Profit after tax over the fiscal year.
€ 12,157
▼ 51% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -189,736.
People and assets in 2024
9.4
▼ 7.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 251,311
▼ 24% vs 2023
€ 26,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 88,815
▼ 3% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1 million
▼ 7% vs 2023
€ 55,977 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 68,615
▲ 16% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 31,052
▲ 66% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 288,787 | € 362,764 | € 417,894 | € 323,300 | ▼ 23% |
| Profit after taxes | € 13,253 | € 9,691 | € -30,483 | € -35,867 | ▼ € 5,385 |
| Equity | € -47,838 | € -47,249 | € -82,283 | € 54,845 | ▲ € 137,128 |
| Total debts | € 1,042,714 | € 1,258,840 | € 1,209,869 | € 1,172,867 | ▼ 3% |
| Cash | € 200,559 | € 54,208 | € 25,017 | € 12,157 | ▼ 51% |
| Land & buildings | € 762,282 | € 996,268 | € 921,062 | € 1,023,402 | ▲ 11% |
| Retained profit | € -133,077 | € -123,385 | € -153,868 | € -189,736 | ▼ € 35,867 |
| Bank debt | € 294,251 | € 1,170,218 | € 1,105,119 | € 1,028,559 | ▼ 7% |
| Balance sheet total | € 1,022,182 | € 1,211,591 | € 1,127,586 | € 1,227,712 | ▲ 9% |
| Employees (FTE) | - | 19.1 | 17 | 9.4 | ▼ 7.6 |
Key figures of HOCO, 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 HOCO?
What happened at HOCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 35,867. filed late Source: NBB ↗
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 13,253 profit in 2021 to € 35,867 loss in 2024.
Paid € 804 in corporate taxes since 2021.
Best year ever: 2021, with € 13,253 profit.
On average € 34,400 of value added per employee in 2024.
Management
Behind HOCO is Charles Robillard de Magnanville. Charles Robillard de Magnanville is also behind CLARA.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Charleroise Steenweg 175/177
1060 Sint-Gillis (bij-Brussel)
Charleroise Steenweg 177
1060 Sint-Gillis (bij-Brussel)
Active since 13 February 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0670.992.649
- VAT number
- BE 0670.992.649
- Registered office
- Charleroise Steenweg 175/177, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- HOCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 2017
- Peppol
- Active · Active since 20 Jun 2025
- Activities · NACE
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