Haco
The computed 12-month bankruptcy probability of Haco is 0.2% (very low). The 2025 annual accounts show equity of €24.86M and a net result of €325k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 71% of 63 sector peers (fiscal year 2025). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €24.86M |
| Net result | €325k |
| Staff (FTE) | 11.7 |
| Better than sector | 71% |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 69.1% | 43.4% | |
| Net result | €325k | €19k | |
| Equity | €24.86M | €128k | |
| Staff costs | €910k | €236k | |
| Total assets | €35.97M | €420k |
| Fiscal year | 2025 |
|---|---|
| Revenue | €251k |
| EBITDA | €453k |
| Net profit | €325k |
| Cash flow | €614k |
| Staff costs | €910k |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €35.97M |
| Equity | €24.86M |
| Debt | €11.11M |
| of which ≤ 1y | €10.77M |
| of which > 1y | €313k |
| Working capital | €2.15M |
| Employees (FTE) | 11.7 |
| 2025 | |
|---|---|
| Current ratio | 1.20 |
| Quick ratio | 1.15 |
| Working capital ratio | 6.0% |
| Solvency | 69.1% |
| Debt / equity | 0.45 |
| Long-term debt ratio | 0.01 |
| Interest coverage | 0.90 |
| Gross margin | -14.2% |
| Net margin | 129.6% |
| ROA | 0.9% |
| ROE | 1.3% |
| EBITDA margin | 180.9% |
| Days sales outstanding | 11462d |
| Days payable outstanding | 3255d |
| Inventory turnover | 0.56 |
| Days inventory (DSI) | 648d |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €35.97M |
| Fixed assets | 21/28 | €23.05M |
| Intangible fixed assets | 21 | €999k |
| Tangible fixed assets | 22/27 | €847k |
| Financial fixed assets | 28 | €21.21M |
| Current assets | 29/58 | €12.91M |
| Stocks & contracts in progress | 3 | €508k |
| Amounts receivable within one year | 40/41 | €11.02M |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €35.97M |
| Equity | 10/15 | €24.86M |
| Contributions / capital | 10/11 | €3.10M |
| Reserves | 13 | €337k |
| Accumulated profits (losses) | 14 | €21.42M |
| Amounts payable | 17/49 | €11.11M |
| Amounts payable after one year | 17 | €313k |
| Amounts payable within one year | 42/48 | €10.77M |
| Trade debts payable within one year | 44 | €2.55M |
| Income statement | ||
| Turnover | 70 | €251k |
| Operating result | 9901 | €164k |
| Financial income | 75 | €713k |
| Financial charges | 65 | €551k |
| Result before taxes | 9903 | €326k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €325k |
| Result to be appropriated | 9905 | €325k |
| NACE primary | 28990 |
| Legal form | Public limited company(014) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 8800 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0652/00C000 | Flanders | 1.1 ha | 1 · 782 m² | 11.4 m · 2 fl. |
| 36001B1133/00D000 | Flanders | 8,557 m² | 1 · 5,789 m² | 12.3 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
24-09-2025 5 directors appointed, 2 resigning
- Kurt Havegeer, Bestuurder
- Kurt Havegeer, Gedelegeerd bestuurder
- NV BNP Paribas Fortis Private Equity Management, Niet statutaire bestuurder
- NV F.M.K., Niet statutaire bestuurder
- NV F.M.K., Niet statutaire gedelegeerd bestuurder
- Rogier Havegeer, Bestuurder
- Rogier Havegeer, Gedelegeerd bestuurder
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}08-01-2025 2 directors appointed, 2 resigning
- H & D, Bestuurder
- H & D, Gedelegeerd bestuurder
- Rogier Havegeer, Bestuurder
- Rogier Havegeer, Gedelegeerd bestuurder
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}11-01-2024 BNP Paribas Fortis Private Equity Managment appointed as director
- BNP Paribas Fortis Private Equity Managment, Bestuurder
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- Vandelanotte, Commissaris
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}04-02-2021 1 director appointed, 1 resigning
- Renaat Denolf, Vast vertegenwoordiger
- Jan Bergers, Vast vertegenwoordiger
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}19-02-2020 2 directors appointed
- Vandelanotte Bedrijfsrevisoren CVBA, Commissaris
- Jan Degryse, Vast vertegenwoordiger
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}11-12-2019 2 directors appointed, 1 resigning
- Havegeer Rogier, Bestuurder
- F.M.K. NV, Gedelegeerd bestuurder
- De Marez Roger, Bestuurder
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- Renaat Denolf, Vast vertegenwoordiger
- Thomas Tenest, Vast vertegenwoordiger
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- Jan Bergers, Vast vertegenwoordiger
- Renaat Denolf, Vast vertegenwoordiger
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- Bergers Jan, Bestuurder
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}27-02-2019 1 director appointed, 1 resigning
- Thomas Ternest, Vast vertegenwoordiger
- Jan Bergers, Vast vertegenwoordiger
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}03-07-2017 Articles of association amended
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}10-04-2017 BDO Bedrijfsrevisoren Burg. Venn. CVBA appointed as statutory auditor
- BDO Bedrijfsrevisoren Burg. Venn. CVBA, Commissaris
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Haco |