OPENING OF BANKRUPTCY

HO +

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Financial year 2018 · closed on 31/12/2018

Net result

8,5 k €

+272.8% YoY

Gross margin

53,4 k €

+3727.9% YoY

Equity

-12,8 k €

+55.3% YoY

Company — Opening of bankruptcy.

What does HO + do?

HO + is a Cooperative partnership with limited liability with a social purpose incorporated in 2002. Its main activity is: Construction of buildings. Its registered office is in Tournai.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0478.230.289

Incorporation

29/08/2002

Legal form

Cooperative partnership with limited liability with a social purpose

Registered office

Rue de Maire(FRY) 26
7503 Tournai · WallonieSee on map

Latest accounts

31/12/2018

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 97000Activities of households as employers of domestic personnel 97000Activities of households as employers of domestic personnel

Joint committees (5)

100
124
200
218
32201

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	53,4 k €	+3728%	-1,5 k €	+66.3%	-4,4 k €	-100%	1,5 M €	+15.1%	1,3 M €	+10.7%	1,2 M €	-8.3%	1,3 M €	+3.2%	1,2 M €	-8.2%	1,3 M €	+10.5%	1,2 M €	-24.6%	1,6 M €	+735%	193,8 k €
EBITDA	10,4 k €	+348%	-4,2 k €	+38.4%	-6,8 k €	-151%	13,4 k €	+112%	-112,8 k €	-54.2%	-73,2 k €	-1290%	6,2 k €	+168%	-9 k €	-113%	67,1 k €	+43.2%	46,9 k €	-40.0%	78,1 k €	+521%	12,6 k €
Operating result	9,9 k €	+336%	-4,2 k €	+38.4%	-6,8 k €	-151%	13,4 k €	+112%	-113 k €	-54.1%	-73,3 k €	-1327%	6 k €	+166%	-9 k €	-113%	67,1 k €	+64.0%	40,9 k €	-39.9%	68,1 k €	+1512%	4,2 k €
Net result	8,5 k €	+273%	-4,9 k €	+48.7%	-9,5 k €	-179%	12 k €	+111%	-114,5 k €	-53.1%	-74,8 k €	-1218%	6,7 k €	+186%	-7,8 k €	-111%	71,2 k €	+613%	10 k €	-82.0%	55,6 k €	+3864%	1,4 k €
Balance sheet
Equity	-12,8 k €	+55.3%	-28,6 k €	-20.6%	-23,7 k €	-70.4%	-13,9 k €	+46.4%	-26 k €	-129%	88,3 k €	-42.3%	153 k €	+4.6%	146,3 k €	-4.3%	152,9 k €	+87.2%	81,7 k €	+13.9%	71,7 k €	+428%	13,6 k €
Total assets	64,9 k €	-26.2%	87,9 k €	-60.4%	222,2 k €	-65.2%	638,5 k €	+36.7%	467,1 k €	+9.9%	424,9 k €	-7.8%	460,8 k €	+14.1%	403,7 k €	-10.0%	448,4 k €	+16.6%	384,6 k €	+11.9%	343,8 k €	+284%	89,6 k €
Cash	1,3 k €	-90.1%	12,9 k €	-40.9%	21,8 k €	-81.9%	120,4 k €	+24.4%	96,8 k €	-20.7%	122,1 k €	+19.3%	102,4 k €	-39.7%	169,7 k €	-6.8%	182,1 k €	+20.2%	151,4 k €	-25.7%	203,9 k €	+429%	38,5 k €
Debts	77,5 k €	-33.5%	116,5 k €	-49.5%	230,9 k €	-63.8%	637,3 k €	+42.3%	448 k €	+33.1%	336,6 k €	+11.2%	302,8 k €	+22.6%	246,9 k €	-16.4%	295,5 k €	+4.7%	282,4 k €	+9.8%	257,2 k €	+239%	76 k €
Other
Workforce	–		–		–		48,7 ETP	+13.8%	42,8 ETP	+5.9%	40,4 ETP	-6.3%	43,1 ETP	-0.2%	43,2 ETP	+3.8%	41,6 ETP	+3.5%	40,2 ETP	+20.7%	33,3 ETP	+800%	3,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2018 · 3 active · 36 ended

Active mandates

Bernard Cornelus

Director · since 17 mai 2017 · until 16 mai 2020

Active

Eric Vanhaverbeke

Director · since 17 mai 2017 · until 10 janvier 2019

Active

Gaëtan Vanneste

Chairman of the board of directors · since 16 mai 2017 · until 16 mai 2020

Active

Ended mandates

Eric Vanhaverbeke

Director · since 17 mai 2017 · until 16 mai 2020

Ended

André Dherte

Director · since 09 mai 2014 · until 26 mai 2017

Ended

Bernard Cornelus

Director · since 09 mai 2014 · until 26 mai 2017

Ended

Eric Vanhaverbeke

Director · since 09 mai 2014 · until 26 mai 2017

Ended

Annual accounts

Full financial information

	2018	2017	2016	2015	2014	2013
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2018	01/01/2017	01/01/2016	01/01/2015	01/01/2014	01/01/2013
Closing of the financial year	31/12/2018	31/12/2017	31/12/2016	31/12/2015	31/12/2014	31/12/2013
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/07/2019	19/06/2018	06/07/2017	20/06/2016	19/06/2015	11/08/2014
General meeting	16/05/2019	24/05/2018	17/05/2017	20/05/2016	22/05/2015	09/05/2014
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2018	16/05/2019	18/07/2019	French	PDF
Micro model	31/12/2017	24/05/2018	19/06/2018	French	PDF
Micro model	31/12/2016	17/05/2017	06/07/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	22/05/2015	19/06/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	26/04/2013	17/07/2013	French	PDF
Abridged model	31/12/2011	27/04/2012	22/06/2012	French	PDF
Abridged model	31/12/2010	06/05/2011	11/07/2011	French	PDF
Abridged model	31/12/2009	29/04/2010	04/08/2010	French	PDF
Abridged model	31/12/2008	14/05/2009	20/08/2009	French	PDF
Abridged model	30/06/2007	30/11/2007	12/02/2008	French	PDF

Estimate

Indicative valuation

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 31/12/2018 · 3 active · 36 ended

Active mandates

Bernard Cornelus

Director · since 17 mai 2017 · until 16 mai 2020

Active

Eric Vanhaverbeke

Director · since 17 mai 2017 · until 10 janvier 2019

Active

Gaëtan Vanneste

Chairman of the board of directors · since 16 mai 2017 · until 16 mai 2020

Active

Ended mandates

Eric Vanhaverbeke

Director · since 17 mai 2017 · until 16 mai 2020

Ended

André Dherte

Director · since 09 mai 2014 · until 26 mai 2017

Ended

Bernard Cornelus

Director · since 09 mai 2014 · until 26 mai 2017

Ended

Eric Vanhaverbeke

Director · since 09 mai 2014 · until 26 mai 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates27/04/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2014
DEMISSIONS, NOMINATIONS
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

2018
Annual accounts 20188,5 k €↑
2017
Annual accounts 2017-4,9 k €↑
2016
Annual accounts 2016-9,5 k €↓
2015
Annual accounts 201512 k €↑
2014
Annual accounts 2014-114,5 k €↓
2013
Annual accounts 2013-74,8 k €↓
2012
Annual accounts 20126,7 k €↑
2011
Annual accounts 2011-7,8 k €↓
2010
Annual accounts 201071,2 k €↑
2009
Annual accounts 200910 k €↓
2008
Annual accounts 200855,6 k €↑
2007
Annual accounts 20071,4 k €
29/08/2002
IncorporationCooperative partnership with limited liability with a social purpose

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

HO +

Overview

What does HO + do?

Trend over 12 financial years

Board of directors

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