HA.P
ActiveThe computed 12-month bankruptcy probability of HA.P is 3.1% (moderate). The 2025 annual accounts show equity of €161k and a net result of €111k. Equity is growing by ~58.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 3644 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-11
Solvency43▼-57
Growth78=
Track record94
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.83 against 6.42 in 2024; short-term debt: 77.1% and cash: 3.5% of total assets), and 82.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
17.6%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
14 d late
2024
22 d late
2023
22 d early
2022
11 d late
2021
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€161k▼ 77.3%
2024 · €708k
2021: €59k
2022: €317k
2023: €531k
2024: €708k
2021 → 2025
Total assets
€914k▲ 8.5%
2024 · €843k
2021: €513k
2022: €806k
2023: €770k
2024: €843k
2021 → 2025
Net result
€111k▼ 37.4%
2024 · €177k
2021: €9k
2022: €257k
2023: €215k
2024: €177k
2021 → 2025
Working capital
€-123k
2024 · €399k
2021: €-276k
2022: €-62k
2023: €196k
2024: €399k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€317k▲ 434%€531k▲ 67.7%€708k▲ 33.3%€161k▼ 77.3%
Operating result€10k-€300k▲ 2,793%€295k▼ 1.7%€240k▼ 18.7%€151k▼ 36.8%
Net result€9k-€257k▲ 2,661%€215k▼ 16.7%€177k▼ 17.6%€111k▼ 37.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €914k
Fixed assets
€332k▼ 10.2%
Current assets
€582k▲ 23.1%
Equity and liabilities €914k
Equity
€161k▼ 77.3%
Debt
€753k▲ 460%
The debt ratio rises from 16.0% to 82.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€199k▼
2024 · €286k
Cash flow
€158k▼
2024 · €223k
Solvency
17.6%▼
2024 · 84.0%
Current ratio
0.83▼
2024 · 6.42
Quick ratio
0.79▼
2024 · 6.09
Debt / equity
4.69▲
2024 · 0.19
ROE
68.9%▲
2024 · 25.0%
ROA
12.1%▼
2024 · 21.0%
Interest coverage
39.12▲
2024 · 28.36
Debt
€753k▲
2024 · €134k
Debt ≤ 1 year
€704k▲
2024 · €74k
Debt > 1 year
€49k▼
2024 · €59k
Income taxes
€39k▼
2024 · €55k
Staff costs
€318k▼
2024 · €333k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€843k€914k▲
Fixed assets21/28€370k€332k▼
Tangible fixed assets22/27€370k€332k▼
Plant, machinery and equipment23€94k€82k▼
Furniture and vehicles24€52k€41k▼
Other tangible fixed assets26€224k€209k▼
Current assets29/58€473k€582k▲
Stocks and contracts in progress3€24k€25k▲
Stocks30/36€24k€25k▲
Amounts receivable within one year40/41€30k€20k▼
Trade receivables40€7k€7k▼
Other amounts receivable41€23k€12k▼
Current investments50/53€150k€500k▲
Cash at bank and in hand54/58€258k€32k▼
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€843k€914k▲
Equity10/15€708k€161k▼
Contributions10/11€50k€50k=
Reserves13€658k€111k▼
Distributable reserves133€658k€111k▼
Amounts payable17/49€134k€753k▲
Amounts payable after more than one year17€59k€49k▼
Financial debts170/4€59k€49k▼
Amounts payable within one year42/48€74k€704k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€12k€100k▲
Suppliers440/4€12k€100k▲
Taxes, remuneration and social security45€42k€25k▼
Taxes450/3€25k€7k▼
Remuneration and social security454/9€17k€18k▲
Other amounts payable47/48€9k€568k▲
Accrued charges and deferred income492/3€2k€54▼
Income statement
Code20242025
Remuneration, social security and pensions62€333k€318k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€47k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€620k€519k▼
Operating profit (loss)9901€240k€151k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€10k€5k▼
Recurring financial charges65€10k€5k▼
Profit (loss) for the period before taxes9903€232k€150k▼
Income taxes67/77€55k€39k▼
Profit (loss) for the period9904€177k€111k▼
Profit (loss) for the period to be appropriated9905€177k€111k▼
Appropriation of the result
Profit (loss) to be appropriated9906€177k€111k▼
Transfer from equity791/2-€658k
Transfer to equity691/2€177k€111k▼
To other reserves6921€177k€111k▼
Profit to be distributed694/7-€658k
Return on contributions (dividend)694-€658k
Social balance
Average headcount (FTE)90878.37.1▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 6.42
Current ratio from 2.24 to 6.42; short-term debt falls from €158k to €74k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 2.24
Current ratio from 0.85 to 2.24; short-term debt falls from €405k to €158k.
31-12
Financial
Equity above €500kEq €531k ▲67.7%
3 profitable years in a row build equity to €531k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 11 days late
2022
31-12
Financial
Highest result since 2021net €257k ▲2661%
Operating result €300k, net result €257k, both a record.
31-12
Financial
Equity above €200kEq €317k ▲434%
2 profitable years in a row build equity to €317k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Hulshout · 1 establishment unit 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.
Grote Baan 1222235 HulshoutGround area
2,125 m²
Building footprint
391 m²
Volume, LiDAR
2,049 m³
Parcel 13016D0077/00R000, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Grote Baan 122, 2235 Hulshout
since 20202.310.945.222
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016D0077/00R000 | Flanders | 2,125 m² | 1 · 391 m² | 11.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHulshout2.310.945.222
Dual-learning approval
5 live approvals · 3 endedKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
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BE 0553.628.092
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BERTEMBOS
BE 0467.138.340
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WAN KOU
BE 0418.030.903
Diest · Eq €161k
OLIVIER VANSTEENKISTE
BE 0835.350.934
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BARBA
BE 0475.498.948
La Hulpe · Eq €161k
Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 8,946 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2020
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:ha.p@telenet.be