H.A.C.
ActiveSummary
H.A.C. has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €26,975. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 32.31 against 22.86 in 2024; short-term debt: 1.3% and cash: 17.1% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.6%
Return on assets
1.6%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-12-2025, 32 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
32 d early
2024
59 d early
2023
41 d early
2022
39 d early
2021
28 d early
2020
4 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.7m▼ 1.1%
2024 · €1.7m
Total assets
€1.7m▼ 1.9%
2024 · €1.8m
Net result
€26,975▲ 20.0%
2024 · €22,478
Working capital
€720,158▲ 1.1%
2024 · €711,980
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,137▼ 82.2%-€23,115€19,254€33,503▲ 74.0%€33,175▼ 1.0%
Net result€221,142above the sector's middle half▼ 47.9%€425,940above the sector's middle half▲ 92.6%€236,972above the sector's middle half▼ 44.4%€22,478within the sector's middle half▼ 90.5%€26,975within the sector's middle half▲ 20.0%
Equity€1.1mabove the sector's middle half▲ 15.8%€1.5mabove the sector's middle half▲ 38.8%€1.8mabove the sector's middle half▲ 15.5%€1.7mabove the sector's middle half▼ 2.8%€1.7mabove the sector's middle half▼ 1.1%
Total assets€1.2mabove the sector's middle half▼ 25.6%€1.6mabove the sector's middle half▲ 33.5%€1.8mabove the sector's middle half▲ 11.2%€1.8mwithin the sector's middle half▼ 2.9%€1.7mabove the sector's middle half▼ 1.9%
Debt€116,528▼ 83.0%€97,734▼ 16.1%€42,181▼ 56.8%€39,242▼ 7.0%€24,046▼ 38.7%
Working capital€6,726within the sector's middle half€458,826above the sector's middle half▲ 6,722%€728,078above the sector's middle half▲ 58.7%€711,980within the sector's middle half▼ 2.2%€720,158above the sector's middle half▲ 1.1%
Solvency90.4%above the sector's middle half▲ 32.3pp94.0%above the sector's middle half▲ 3.6pp97.7%above the sector's middle half▲ 3.7pp97.8%above the sector's middle half▲ 0.1pp98.6%above the sector's middle half▲ 0.8pp
Current ratio1.06within the sector's middle half▲ 0.695.77above the sector's middle half▲ 4.7118.92above the sector's middle half▲ 13.1522.86above the sector's middle half▲ 3.9432.31above the sector's middle half▲ 9.45
Return on assets (ROA)18.2%above the sector's middle half▼ 7.8pp26.3%above the sector's middle half▲ 8.1pp13.1%above the sector's middle half▼ 13.1pp1.3%within the sector's middle half▼ 11.9pp1.6%within the sector's middle half▲ 0.3pp
Staff (FTE)1=1=0.6▼ 40.0%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -91% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€974,120 ▼ 3.2%
Current assets
€743,159 ▼ 0.2%
Equity and liabilities €1.7m
Equity
€1.7m ▼ 1.1%
Debt
€24,046 ▼ 38.7%
Debt's share of the balance-sheet total falls from 2.2% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€65,004▼
2024 · €65,390
Cash flow
€58,804▲
2024 · €54,366
Debt to equity
0.01▼
2024 · 0.02
ROE
1.6%▲
2024 · 1.3%
Interest coverage
26.85▲
2024 · 24.53
Debt ≤ 1 year
€23,001▼
2024 · €32,571
Income taxes
€9,649▼
2024 · €10,731
Staff costs
€0▼
2024 · €67
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €60,237 | €57,530 | €67 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,635 | €36,110 | €37,174 | €31,887 | €31,829 | ▼ 0.2% |
| Other operating charges640/8 | - | €1,429 | €2,523 | €2,365 | €1,872 | ▼ 20.8% |
| Non-recurring operating charges66A | - | - | €825 | €0 | - | - |
| Gross operating margin9900 | €105,692 | €74,661 | €117,306 | €67,823 | €66,875 | ▼ 1.4% |
| Operating profit (loss)9901 | €9,137 | -€23,115 | €19,254 | €33,503 | €33,175 | ▼ 1.0% |
| Financial income75/76B | - | €490,003 | €245,011 | €2,372 | €5,870 | ▲ 148% |
| Recurring financial income75 | €245,008 | €490,003 | €245,011 | €2,372 | €3,870 | ▲ 63.2% |
| Non-recurring financial income76B | - | - | - | - | €2,000 | - |
| Financial charges65/66B | - | €514 | €280 | €2,666 | €2,421 | ▼ 9.2% |
| Recurring financial charges65 | €8,292 | €514 | €280 | €2,666 | €2,421 | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €245,852 | €466,374 | €263,985 | €33,209 | €36,624 | ▲ 10.3% |
| Income taxes67/77 | €24,711 | €40,434 | €27,013 | €10,731 | €9,649 | ▼ 10.1% |
| Profit (loss) for the period9904 | €221,142 | €425,940 | €236,972 | €22,478 | €26,975 | ▲ 20.0% |
| Profit (loss) for the period to be appropriated9905 | €221,142 | €425,940 | €236,972 | €22,478 | €26,975 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.6m | €1.8m | €1.8m | €1.7m | ▼ 1.9% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.0m | €1.0m | €974,120 | ▼ 3.2% |
| Tangible fixed assets22/27 | €218,995 | €188,610 | €156,331 | €127,458 | €95,630 | ▼ 25.0% |
| Land and buildings22 | - | €170,443 | €145,204 | €117,281 | €89,642 | ▼ 23.6% |
| Plant, machinery and equipment23 | - | - | €2,471 | €1,927 | €1,383 | ▼ 28.2% |
| Furniture and vehicles24 | - | €18,168 | €8,655 | €8,250 | €4,604 | ▼ 44.2% |
| Financial fixed assets28 | €878,490 | €878,490 | €878,490 | €878,490 | €878,490 | = |
| Current assets29/58 | €117,469 | €554,999 | €768,698 | €744,551 | €743,159 | ▼ 0.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €400,000 | - |
| Trade receivables290 | - | - | - | - | €400,000 | - |
| Amounts receivable within one year40/41 | €41,470 | €52,151 | €58,871 | €36,747 | €49,961 | ▲ 36.0% |
| Trade receivables40 | - | €52,151 | €55,039 | €36,747 | €49,961 | ▲ 36.0% |
| Other amounts receivable41 | - | - | €3,832 | €0 | - | - |
| Cash at bank and in hand54/58 | €75,999 | €501,573 | €464,816 | €707,804 | €293,197 | ▼ 58.6% |
| Deferred charges and accrued income490/1 | - | €1,275 | €245,011 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.6m | €1.8m | €1.8m | €1.7m | ▼ 1.9% |
| Equity10/15 | €1.1m | €1.5m | €1.8m | €1.7m | €1.7m | ▼ 1.1% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €175,239 | €575,239 | €675,239 | €624,280 | €624,280 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €573,379 | €673,379 | €622,420 | €622,420 | = |
| Profit (loss) carried forward14 | €910,786 | €936,727 | €1.1m | €1.1m | €1.1m | ▼ 1.7% |
| Amounts payable17/49 | €116,528 | €97,734 | €42,181 | €39,242 | €24,046 | ▼ 38.7% |
| Amounts payable after more than one year17 | €4,225 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €110,743 | €96,174 | €40,621 | €32,571 | €23,001 | ▼ 29.4% |
| Current portion of amounts payable after more than one year42 | - | €4,225 | €0 | - | - | - |
| Trade debts44 | €598 | €12,344 | €12,225 | €2,179 | €4,513 | ▲ 107% |
| Suppliers440/4 | - | €12,344 | €12,225 | €2,179 | €4,513 | ▲ 107% |
| Taxes, remuneration and social security45 | - | €66,591 | €28,396 | €25,166 | €17,752 | ▼ 29.5% |
| Taxes450/3 | - | €47,287 | €28,396 | €17,816 | €17,752 | ▼ 0.4% |
| Remuneration and social security454/9 | - | €19,304 | €0 | €7,350 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €13,014 | €0 | €5,226 | €736 | ▼ 85.9% |
| Accrued charges and deferred income492/3 | - | €1,560 | €1,560 | €6,671 | €1,045 | ▼ 84.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €221,142 | €425,940 | €236,972 | €22,478 | €26,975 | ▲ 20.0% |
| + Depreciation and write-downs630 | €33,635 | €36,110 | €37,174 | €31,887 | €31,829 | ▼ 0.2% |
| Operating cash flow (approximation) | €254,777 | €462,050 | €274,147 | €54,366 | €58,804 | ▲ 8.2% |
| Investment in fixed assets (approximation) | - | -€5,725 | -€4,895 | -€3,015 | €0 | ▲ 100% |
| Change in cash | - | €425,574 | -€36,757 | €242,988 | -€414,607 | ▼ 271% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Weakest financial yearnet €22,478 ▼90.5%
Net result drops to €22,478, the lowest in the series; recovery starts the following year.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 18.92
Current ratio from 5.77 to 18.92; short-term debt falls from €96,174 to €40,621.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €425,940 ▲92.6%
Net result €425,940, the highest in the series.
30-06
Financial
Liquidity times 5current ratio 5.77
Current ratio from 1.06 to 5.77; short-term debt falls from €110,743 to €96,174.
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 1.06
Current ratio from 0.37 to 1.06; short-term debt falls from €242,999 to €110,743.
30-06
Financial
Equity above €1mEq €1.1m ▲15.8%
3 profitable years in a row build equity to €1.1m.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Buggenhout · 1 establishment unit since 2011
Ground area
1,892 m²
Building footprint
307 m²
Volume, LiDAR
1,423 m³
Parcel 42004A1282/00G000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
H.A.C. - Healthy Alimentation Consultancy
since 20112.199.780.153
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004A1282/00G000 | Flanders | 1,892 m² | 1 · 307 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 300 EUR awarded · 261 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 143 EUR |
| 2022 | 1 | 300 EUR | 118 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBuggenhout2.199.780.153
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Of 6,144 companies in sector 46190 we hold annual accounts for 2,577. 889 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2011
Fiscal year end30-06
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836009148
Also
9925:BE0836009148
Registered
29-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.