ACTIVE

HOVAN

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Financial year 2025 · closed on 31/03/2025

Net result

458,1 k €

-18.3% YoY

Gross margin

1,6 M €

Equity

4,1 M €

+12.7% YoY

Workforce

6,1 ETP

+13.0% YoY

What does HOVAN do?

HOVAN is a Private limited company incorporated in 1990. Its main activity is: Retail sale of automotive fuel in specialised stores. Its registered office is in Torhout. It employs on average 6,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.572.911

Incorporation

23/05/1990

Legal form

Private limited company

Registered office

Kortemarkstraat 180
8820 Torhout · FlandreSee on map

Contributed capital

199 500,00 €

Latest accounts

31/03/2025

Average workforce

6,1 ETP

Activities (NACE)

47300Retail sale of automotive fuel in specialised stores· main 47300Retail sale of automotive fuel in specialised stores 49410Freight transport by road 49410Freight transport by road 60242Television programming and broadcasting activities 47300Retail sale of automotive fuel in specialised stores+2

Joint committees (4)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007
Income statement
Gross margin	1,6 M €		–		–		–		–		835,5 k €	-6.6%	894,2 k €	-4.4%	935,1 k €	+28.2%	729,6 k €	-4.6%	764,7 k €	+8.9%	702,5 k €	-51.9%	1,5 M €	+54.3%	946,7 k €	-5.7%	1 M €	+4.9%	956,9 k €	+31.3%	729 k €	-22.3%	938,5 k €
EBITDA	946,7 k €	-11.8%	1,1 M €	+5.6%	1 M €	+106%	493,5 k €	-24.2%	650,8 k €	+31.7%	494,2 k €	-8.0%	537,1 k €	+36.3%	394,1 k €	-7.2%	424,5 k €	-10.6%	474,8 k €	+24.0%	383 k €	-50.3%	770,7 k €	+58.9%	484,9 k €	-6.3%	517,3 k €	-1.1%	523,1 k €	+54.3%	339 k €	-36.9%	537,6 k €
Operating result	682,7 k €	-12.9%	784,2 k €	+6.3%	737,5 k €	+165%	277,9 k €	-19.1%	343,5 k €	+33.7%	256,9 k €	+9.6%	234,5 k €	+34.7%	174,1 k €	+21.2%	143,6 k €	-23.7%	188,3 k €	+0.6%	187,1 k €	-35.6%	290,3 k €	+47.2%	197,2 k €	-20.1%	246,9 k €	-5.2%	260,3 k €	+192%	89,3 k €	-62.2%	236,4 k €
Net result	458,1 k €	-18.3%	560,6 k €	+5.2%	533,1 k €	+193%	181,9 k €	-17.1%	219,4 k €	+29.0%	170,1 k €	+28.7%	132,2 k €	+9.8%	120,3 k €	+67.8%	71,7 k €	-38.3%	116,3 k €	-36.6%	183,3 k €	+28.0%	143,2 k €	-20.2%	179,5 k €	+121%	81,2 k €	-33.8%	122,5 k €	+13.5%	107,9 k €	-44.0%	192,9 k €
Balance sheet
Equity	4,1 M €	+12.7%	3,6 M €	+18.5%	3 M €	+21.3%	2,5 M €	+7.8%	2,3 M €	+14.3%	2 M €	-8.5%	2,2 M €	+6.3%	2,1 M €	+6.1%	2 M €	+3.8%	1,9 M €	+6.5%	1,8 M €	+21.7%	1,5 M €	+10.9%	1,3 M €	+15.7%	1,1 M €	+7.7%	1,1 M €	+13.1%	936,6 k €	+13.0%	828,7 k €
Total assets	5,1 M €	-3.3%	5,3 M €	+10.1%	4,8 M €	+7.8%	4,4 M €	-14.7%	5,2 M €	-12.9%	6 M €	+5.9%	5,7 M €	+25.7%	4,5 M €	+13.5%	4 M €	+19.0%	3,3 M €	+12.4%	3 M €	-14.6%	3,5 M €	+24.9%	2,8 M €	+16.7%	2,4 M €	+15.8%	2,1 M €	+26.9%	1,6 M €	+12.2%	1,4 M €
Cash	220,9 k €	-64.8%	627,1 k €	+349%	139,6 k €	+40.8%	99,2 k €	-85.0%	662,4 k €	-49.0%	1,3 M €	+175%	472,1 k €	-46.3%	878,7 k €	+137%	370,7 k €	-9.5%	409,4 k €	-25.8%	551,8 k €	-22.6%	712,6 k €	+179%	255,6 k €	-31.6%	373,7 k €	-7.6%	404,4 k €	+82.6%	221,5 k €	-41.7%	379,9 k €
Debts	1 M €	-36.2%	1,6 M €	-5.0%	1,7 M €	-10.9%	1,9 M €	-32.8%	2,9 M €	-26.9%	4 M €	+15.3%	3,4 M €	+42.5%	2,4 M €	+20.8%	2 M €	+39.1%	1,4 M €	+21.3%	1,2 M €	-41.2%	2 M €	+37.6%	1,5 M €	+17.6%	1,2 M €	+24.3%	997,4 k €	+45.9%	683,4 k €	+11.1%	615,2 k €
Other
Workforce	6,1 ETP	+13.0%	5,4 ETP	+5.9%	5,1 ETP	+6.2%	4,8 ETP	+23.1%	3,9 ETP	-11.4%	4,4 ETP	-13.7%	5,1 ETP	+8.5%	4,7 ETP	-7.8%	5,1 ETP	+4.1%	4,9 ETP	-12.5%	5,6 ETP	-3.4%	5,8 ETP	-20.5%	7,3 ETP	-3.9%	7,6 ETP	0.0%	7,6 ETP	-2.6%	7,8 ETP	-1.3%	7,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 8 ended

Active mandates

Martine HOORNAERT

Director · since 01 janvier 2014

Active

Tom Vansevenant

Director · since 01 juillet 2004

Active

Dirk Vansevenant

Director · since 23 mai 1990

Active

Ended mandates

Pouseele Caron Bedrijfsrevisoren

Commissaris · since 10 janvier 2020 · until 30 septembre 2022 · 0707.799.694

Represented by Franky A01591 Caron

Ended

Pouseele Caron Bedrijfsrevisoren

Mandate · since 10 janvier 2020 · until 16 septembre 2022 · 0707.799.694

Represented by Franky A01591 Caron

Ended

MARTINE HOORNAERT

Manager · since 01 janvier 2014

Ended

TOM VANSEVENANT

Manager · since 01 juillet 2004

Ended

At this address

Other companies at this address

Company	CBE no.
Lotas Fuel● Active	0644.414.055

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/10/2025	26/09/2024	25/09/2023	06/10/2022	04/10/2021	08/10/2020
General meeting	19/09/2025	20/09/2024	15/09/2023	30/09/2022	30/09/2021	07/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	19/09/2025	16/10/2025	Dutch	PDF
Full model	31/03/2024	20/09/2024	26/09/2024	Dutch	PDF
Full model	31/03/2023	15/09/2023	25/09/2023	Dutch	PDF
Full model	31/03/2022	30/09/2022	06/10/2022	Dutch	PDF
Full model	31/03/2021	30/09/2021	04/10/2021	Dutch	PDF
Full model	31/03/2020	07/10/2020	08/10/2020	Dutch	PDF
Abridged model	31/03/2019	20/09/2019	30/10/2019	Dutch	PDF
Abridged model	31/03/2018	21/09/2018	15/10/2018	Dutch	PDF
Abridged modelCorrection	31/03/2017	15/09/2017	03/10/2018	Dutch	PDF
Abridged model	31/03/2017	15/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	07/10/2016	28/10/2016	Dutch	PDF
Abridged model	31/03/2015	18/09/2015	29/09/2015	Dutch	PDF
Abridged model	31/03/2014	19/09/2014	30/10/2014	Dutch	PDF
Abridged model	31/03/2013	20/09/2013	30/10/2013	Dutch	PDF
Abridged model	30/06/2011	23/12/2011	10/01/2012	Dutch	PDF
Abridged model	30/06/2010	24/02/2011	31/03/2011	Dutch	PDF
Abridged model	30/06/2009	24/12/2009	28/01/2010	Dutch	PDF
Abridged model	30/06/2008	21/02/2009	13/03/2009	Dutch	PDF
Abridged model	30/06/2007	21/02/2008	29/02/2008	Dutch	PDF
Abridged model	30/06/2006	21/12/2006	08/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/03/2025 · 3 active · 8 ended

Active mandates

Martine HOORNAERT

Director · since 01 janvier 2014

Active

Tom Vansevenant

Director · since 01 juillet 2004

Active

Dirk Vansevenant

Director · since 23 mai 1990

Active

Ended mandates

Pouseele Caron Bedrijfsrevisoren

Commissaris · since 10 janvier 2020 · until 30 septembre 2022 · 0707.799.694

Represented by Franky A01591 Caron

Ended

Pouseele Caron Bedrijfsrevisoren

Mandate · since 10 janvier 2020 · until 16 septembre 2022 · 0707.799.694

Represented by Franky A01591 Caron

Ended

MARTINE HOORNAERT

Manager · since 01 janvier 2014

Ended

TOM VANSEVENANT

Manager · since 01 juillet 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/06/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/04/2018
KAPITAAL - AANDELEN
PDF
Capital / shares25/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other12/06/2012
DOEL
PDF
Mandates15/02/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office26/04/2007
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/10/2004
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025458,1 k €↓
2024
Annual accounts 2024560,6 k €↑
2023
Annual accounts 2023533,1 k €↑
2022
Annual accounts 2022181,9 k €↓
2021
Annual accounts 2021219,4 k €↑
2019
Annual accounts 2019170,1 k €↑
2018
Annual accounts 2018132,2 k €↑
2017
Annual accounts 2017120,3 k €↑
2016
Annual accounts 201671,7 k €↓
2015
Annual accounts 2015116,3 k €↓
2014
Annual accounts 2014183,3 k €↑
2013
Annual accounts 2013143,2 k €↓
2011
Annual accounts 2011179,5 k €↑
2010
Annual accounts 201081,2 k €↓
2009
Annual accounts 2009122,5 k €↑
2008
Annual accounts 2008107,9 k €↓
2007
Annual accounts 2007192,9 k €
23/05/1990
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

HOVAN

Overview

What does HOVAN do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline