HA&CO
Open bankruptcyA bankruptcy procedure is open for HA&CO according to publications in the Belgian State Gazette; curator: ASTRID LESCOUHIER. The file additionally contains 2 interim measures. The 2023 annual accounts show equity of €647k and a net result of €9k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, abbreviated schema
Equity
€647k▲ 1.4%
2022 · €638k
2021: €18k
2022: €638k
2021 → 2023
Total assets
€1.93M▲ 78.5%
2022 · €1.08M
2021: €746k
2022: €1.08M
2021 → 2023
Net result
€9k▼ 98.2%
2022 · €520k
2021: €8k
2022: €520k
2021 → 2023
Working capital
€-589k▼ 138%
2022 · €-247k
2021: €-169k
2022: €-247k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€18k-€638k▲ 3,476%€647k▲ 1.4%
Operating result€20k-€667k▲ 3,181%€36k▼ 94.6%
Net result€8k-€520k▲ 6,532%€9k▼ 98.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 95% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.93M
Fixed assets
€1.59M▲ 71.3%
Current assets
€337k▲ 127%
Equity and liabilities €1.93M
Equity
€647k▲ 1.4%
Debt
€1.29M▲ 189%
The debt ratio rises from 41.1% to 66.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€217k▼
2022 · €772k
Cash flow
€191k▼
2022 · €625k
Solvency
33.5%▼
2022 · 58.9%
Current ratio
0.36▼
2022 · 0.38
Quick ratio
0.26▼
2022 · 0.27
Debt / equity
1.99▲
2022 · 0.70
ROE
1.4%▼
2022 · 81.5%
ROA
0.5%▼
2022 · 48.0%
Interest coverage
9.36▼
2022 · 42.04
Debt
€1.29M▲
2022 · €446k
Debt ≤ 1 year
€927k▲
2022 · €396k
Debt > 1 year
€303k▲
2022 · €50k
Income taxes
€4k▼
2022 · €128k
Staff costs
€273k▲
2022 · €181k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1.08M€1.93M▲
Formation expenses20€5k€4k▼
Fixed assets21/28€930k€1.59M▲
Intangible fixed assets21€496k€440k▼
Tangible fixed assets22/27€433k€1.15M▲
Land and buildings22-€454k
Plant, machinery and equipment23€212k€171k▼
Furniture and vehicles24€15k€21k▲
Other tangible fixed assets26€84k€454k▲
Assets under construction and advance payments27€122k€51k▼
Financial fixed assets28€1k€3k▲
Current assets29/58€149k€337k▲
Stocks and contracts in progress3€43k€93k▲
Stocks30/36€43k€93k▲
Amounts receivable within one year40/41€17k€183k▲
Trade receivables40€3k€95k▲
Other amounts receivable41€14k€88k▲
Cash at bank and in hand54/58€52k€4k▼
Deferred charges and accrued income490/1€37k€58k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.93M▲
Equity10/15€638k€647k▲
Contributions10/11€110k€110k=
Reserves13€528k€537k▲
Distributable reserves133€528k€537k▲
Amounts payable17/49€446k€1.29M▲
Amounts payable after more than one year17€50k€303k▲
Financial debts170/4€50k€303k▲
Amounts payable within one year42/48€396k€927k▲
Current portion of amounts payable after more than one year42€7k€102k▲
Financial debts43€0€43k▲
Credit institutions430/8€0€43k▲
Trade debts44€93k€391k▲
Suppliers440/4€93k€391k▲
Taxes, remuneration and social security45€179k€264k▲
Taxes450/3€143k€189k▲
Remuneration and social security454/9€36k€75k▲
Other amounts payable47/48€116k€126k▲
Accrued charges and deferred income492/3-€58k
Income statement
Code20222023
Non-recurring operating income76A€534k€0▼
Remuneration, social security and pensions62€181k€273k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105k€181k▲
Other operating charges640/8€10k€7k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€963k€501k▼
Operating profit (loss)9901€667k€36k▼
Financial income75/76B€130€428▲
Recurring financial income75€130€428▲
Financial charges65/66B€18k€23k▲
Recurring financial charges65€18k€23k▲
Profit (loss) for the period before taxes9903€649k€13k▼
Income taxes67/77€128k€4k▼
Profit (loss) for the period9904€520k€9k▼
Profit (loss) for the period to be appropriated9905€520k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€520k€9k▼
Transfer to equity691/2€520k€9k▼
To other reserves6921€520k€9k▼
Social balance
Average headcount (FTE)90878.912.2▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
08-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · HA&CO BV LANGESTRAAT 4, 8000 BRUGGE · event 04-11-2024
25-09
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 136 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2021net €520k ▲6532%
Operating result €667k, net result €520k, both a record.
31-03
Financial
Equity above €500kEq €638k ▲3476%
2 profitable years in a row build equity to €638k.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 53 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Brugge · 2 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Langestraat 48000 BruggeGround area
203 m²
Building footprint
135 m²
Volume, LiDAR
1,147 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
UILENSPIEGEL
since 20202.299.203.965
Owla
since 20232.343.657.976
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31802B1040/00B000 | Flanders | 152 m² | 1 · 83 m² | 11.6 m · 2 fl. |
| 31802B0158/00C000 | Flanders | 51 m² | 1 · 51 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ASTRID LESCOUHIER DOMEIN DE HERTEN,
HERTSBERGSESTRAAT 4, 8020 OOSTKAMP- |
04-11-2024 → present |
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Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 1,049 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2020
Fiscal year end31-03
Activities, NACEBEL
55100Hotels and similar accommodation
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.