ACTIVE

Horafrost

Export PDF
Financial year 2024 · closed on 30/12/2024
Net result
9,7 M €
-14.7% YoY
Revenue
79 M €
+9.4% YoY
Equity
132,6 M €
+3.3% YoY
Workforce
84,9 ETP
+6.7% YoY

What does Horafrost do?

Horafrost is a Public limited company incorporated in 1976. Its main activity is: Other processing and preserving of fruit and vegetables. Its registered office is in Staden. It employs on average 84,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0416.216.607
Incorporation
26/03/1976
Legal form
Public limited company
Registered office
Voermanstraat(STA) 5
8840 Staden · FlandreSee on map
Contributed capital
347 050,93 €
Latest accounts
30/12/2024
Average workforce
84,9 ETP
Activities (NACE)
10393Other processing and preserving of fruit and vegetables· main10393Other processing and preserving of fruit and vegetables15332Manufacture of leather and related products
Joint committees (2)
  • 118
  • 220
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20242023202220212006
Income statement
Revenue79 M €72,2 M €61,3 M €53,9 M €44,4 M €
EBITDA12,7 M €14 M €4,9 M €6,3 M €8,9 M €
Operating result10,8 M €13 M €3,6 M €4,5 M €6,5 M €
Net result9,7 M €11,4 M €3,2 M €3,9 M €5,3 M €
Balance sheet
Equity132,6 M €128,3 M €122,8 M €121,4 M €49,5 M €
Total assets147,3 M €140,6 M €130,8 M €130,1 M €111,9 M €
Cash795,9 k €651,4 k €1,8 M €2,1 M €573 k €
Debts14,3 M €11,7 M €7,2 M €7,8 M €58,8 M €
Other
Workforce84,9 ETP79,6 ETP72,7 ETP66,3 ETP74,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/12/2024 · 4 active · 32 ended

Active mandates

PHIHO

Director · since 26 août 2021 · until 25 juin 2025 · 0766.900.113

Represented by Philip HOFLACK

Active
H.B.S.

Director · since 12 juillet 2019 · until 25 juin 2025 · 0455.297.709

Represented by Luc HOFLACK

Active
SERVI

Director · since 12 juillet 2019 · until 25 juin 2025 · 0446.489.317

Represented by Marc HOFLACK

Active
VELDBLOMME

Director · since 12 juillet 2019 · until 25 juin 2025 · 0455.288.504

Represented by Jacques HOFLACK

Active

Ended mandates

PHIHO

Director · since 26 août 2021 · until 21 juin 2025 · 0766.900.113

Represented by Hoflack PHILIP

Ended
H.B.S.

Director · since 12 juillet 2019 · until 21 juin 2025 · 0455.297.709

Represented by Hoflack LUC

Ended
H.B.S.

Director · since 12 juillet 2019 · until 21 juin 2025 · 0455.297.709

Represented by Luc HOFLACK

Ended
HOFLACK COMPANY

Director · since 12 juillet 2019 · until 26 août 2021 · 0455.842.095

Represented by Hoflack Philip

Ended
At this address

Other companies at this address

CompanyCBE no.
MICHEL HOFLACK en Cie● Active
0418.262.416
Annual accounts

Full financial information

202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year31/12/202331/12/202231/12/202131/12/202031/12/201931/12/2018
Closing of the financial year30/12/202430/12/202330/12/202230/12/202130/12/202030/12/2019
Length of the financial year13 months13 months13 months13 months13 months13 months
Filing date17/07/202501/07/202414/07/202325/07/202230/08/202130/07/2020
General meeting21/06/202526/06/202412/07/202319/07/202226/08/202130/07/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/12/202421/06/202517/07/2025DutchPDF
Full model30/12/202326/06/202401/07/2024DutchPDF
Full model30/12/202212/07/202314/07/2023DutchPDF
Full model30/12/202119/07/202225/07/2022DutchPDF
Full model30/12/202026/08/202130/08/2021DutchPDF
Full model30/12/201930/07/202030/07/2020DutchPDF
Full model30/12/201812/07/201923/07/2019DutchPDF
Full model30/12/201724/07/201826/07/2018DutchPDF
Full model30/12/201625/07/201707/08/2017DutchPDF
Full model30/12/201523/02/201728/02/2017DutchPDF
Full model31/12/201423/06/201517/07/2015DutchPDF
Full model31/12/201321/06/201423/06/2014DutchPDF
Full model31/12/201229/06/201322/07/2013DutchPDF
Full model31/12/201116/06/201231/07/2012DutchPDF
Full model31/12/201028/05/201128/06/2011DutchPDF
Full model31/12/200919/06/201028/07/2010DutchPDF
Full model31/12/200820/06/200916/07/2009DutchPDF
Full modelCorrection31/12/200721/06/200826/11/2008DutchPDF
Full model31/12/200721/06/200823/07/2008DutchPDF
Full model31/12/200630/06/200723/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/12/2024 · 4 active · 32 ended

Active mandates

PHIHO

Director · since 26 août 2021 · until 25 juin 2025 · 0766.900.113

Represented by Philip HOFLACK

Active
H.B.S.

Director · since 12 juillet 2019 · until 25 juin 2025 · 0455.297.709

Represented by Luc HOFLACK

Active
SERVI

Director · since 12 juillet 2019 · until 25 juin 2025 · 0446.489.317

Represented by Marc HOFLACK

Active
VELDBLOMME

Director · since 12 juillet 2019 · until 25 juin 2025 · 0455.288.504

Represented by Jacques HOFLACK

Active

Ended mandates

PHIHO

Director · since 26 août 2021 · until 21 juin 2025 · 0766.900.113

Represented by Hoflack PHILIP

Ended
H.B.S.

Director · since 12 juillet 2019 · until 21 juin 2025 · 0455.297.709

Represented by Hoflack LUC

Ended
H.B.S.

Director · since 12 juillet 2019 · until 21 juin 2025 · 0455.297.709

Represented by Luc HOFLACK

Ended
HOFLACK COMPANY

Director · since 12 juillet 2019 · until 26 août 2021 · 0455.842.095

Represented by Hoflack Philip

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Other30/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BOEKJAAR
    PDF
  • Mandates29/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/12/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/05/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/07/2015
    BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 21/06/2025
    reconductionNV H.B.S — bestuurder
  2. 21/06/2025
    reconductionNV Servi — bestuurder
  3. 21/06/2025
    reconductionNV Veldblomme — bestuurder
  4. 2024
    Annual accounts 20249,7 M €↓
  5. 2023
    Annual accounts 202311,4 M €↑
  6. 2022
    Annual accounts 20223,2 M €↓
  7. 19/07/2022
    reconductionSven Vansteelant — commissaris
  8. 2021
    Annual accounts 20213,9 M €↓
  9. 2006
    Annual accounts 20065,3 M €
  10. 26/03/1976
    IncorporationPublic limited company