HA. SI.
ActiveHA. SI. has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155k and a net result of €55k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 4147 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-21
Solvency44▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.69 in 2024; short-term debt: 73.2% and cash: 35.3% of total assets), and 81.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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
18.8%
Return on assets
6.7%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €155k
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2022
29 d late
2021
60 d late
2020
3 d late
2019
10 d late
2018
29 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€55k▼ 62.1%
2024 · €145k
2018: €79k
2019: €113k
2020: €204k
2021: €182k
2022: €150k
2024: €145k
2018 → 2025
Working capital
€-40k▲ 69.0%
2024 · €-129k
2018: €-121k
2019: €-31k
2020: €106k
2021: €2k
2022: €-143k
2024: €-129k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€4k-€66k▲ 1,764%€75k▲ 15.2%€100k▲ 32.8%€155k▲ 54.7%
Operating result€205k-€267k▲ 30.0%€235k▼ 11.9%€224k▼ 4.5%€70k▼ 68.7%
Net result€204k-€182k▼ 10.9%€150k▼ 17.6%€145k▼ 3.5%€55k▼ 62.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €823k
Fixed assets
€260k▼ 21.7%
Current assets
€563k▲ 95.3%
Equity and liabilities €823k
Equity
€155k▲ 54.7%
Debt
€668k▲ 28.4%
The debt ratio falls from 83.8% to 81.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€187k▼
2024 · €372k
Cash flow
€171k▼
2024 · €292k
Solvency
18.8%▲
2024 · 16.2%
Current ratio
0.93▲
2024 · 0.69
Quick ratio
0.71▲
2024 · 0.38
Debt / equity
4.31▼
2024 · 5.19
ROE
35.4%▼
2024 · 144.4%
ROA
6.7%▼
2024 · 23.3%
Interest coverage
8.95▼
2024 · 16.04
Debt
€668k▲
2024 · €520k
Debt ≤ 1 year
€603k▲
2024 · €417k
Debt > 1 year
€65k▼
2024 · €103k
Income taxes
€2k▼
2024 · €60k
Staff costs
€407k▼
2024 · €427k
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€620k€823k▲
Fixed assets21/28€332k€260k▼
Intangible fixed assets21€69k€16k▼
Tangible fixed assets22/27€263k€244k▼
Plant, machinery and equipment23€156k€136k▼
Furniture and vehicles24€49k€61k▲
Other tangible fixed assets26€58k€47k▼
Current assets29/58€288k€563k▲
Stocks and contracts in progress3€131k€134k▲
Stocks30/36€131k€134k▲
Amounts receivable within one year40/41€28k€138k▲
Trade receivables40-€91k
Other amounts receivable41€28k€46k▲
Cash at bank and in hand54/58€129k€290k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€620k€823k▲
Equity10/15€100k€155k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Profit (loss) carried forward14€78k€133k▲
Amounts payable17/49€520k€668k▲
Amounts payable after more than one year17€103k€65k▼
Financial debts170/4€103k€65k▼
Amounts payable within one year42/48€417k€603k▲
Current portion of amounts payable after more than one year42€38k€39k▲
Trade debts44€111k€392k▲
Suppliers440/4€111k€392k▲
Taxes, remuneration and social security45€184k€87k▼
Taxes450/3€143k€43k▼
Remuneration and social security454/9€41k€44k▲
Other amounts payable47/48€84k€84k=
Accrued charges and deferred income492/3€177-
Income statement
Code20242025
Remuneration, social security and pensions62€427k€407k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€116k▼
Other operating charges640/8€1k€4k▲
Gross operating margin9900€800k€597k▼
Operating profit (loss)9901€224k€70k▼
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€7k▲
Financial charges65/66B€23k€21k▼
Recurring financial charges65€23k€21k▼
Profit (loss) for the period before taxes9903€204k€56k▼
Income taxes67/77€60k€2k▼
Profit (loss) for the period9904€145k€55k▼
Profit (loss) for the period to be appropriated9905€145k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€198k€133k▼
Profit (loss) brought forward from the previous period14P€53k€78k▲
Profit to be distributed694/7€120k-
Return on contributions (dividend)694€120k-
Social balance
Average headcount (FTE)90878.310.6▲
The notes to these accounts (12 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €55k ▼62.1%
Net result drops to €55k, the lowest in the series.
30-06
Financial
Equity above €150kEq €155k ▲54.7%
7 profitable years in a row build equity to €155k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Equity above €100kEq €100k ▲32.8%
6 profitable years in a row build equity to €100k.
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial
Highest result since 2018net €204k ▲81.5%
Net result €204k, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Courcelles · 1 establishment unit since 2009
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.
Rue de Liège(CO) 96180 CourcellesGround area
1.7 ha
Building footprint
6,283 m²
Volume, LiDAR
57,954 m³
2 parcels, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HA.SI. sprl
since 20092.185.379.316
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322A0144/00W004 | Wallonia | 1.6 ha | 1 · 6,001 m² | 10.7 m · 3 fl. |
| 52392C0438/00X000 | Wallonia | 234 m² | 1 · 282 m² | 11.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.185.379.316
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Of 2,476 companies in sector 47279 we hold annual accounts for 949. 722 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2009
Fiscal year end30-06
Activities, NACEBEL
46389Wholesale of other food products
47279Other retail sale of food
47299Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.