HACO
ActiveSummary
HACO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,000 and a net result of €25,986. Equity is shrinking by ~16.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 10% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
6 d early
2023
6 d early
2022
7 d early
2021
4 d early
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1,000=
2024 · €1,000
Total assets
€30,924▼ 45.4%
2024 · €56,629
Net result
€25,986▼ 0.8%
2024 · €26,205
Working capital
-€8,598▲ 18.8%
2024 · -€10,588
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,481▼ 77.0%€39,857▲ 1,506%€10,303▼ 74.1%€36,069▲ 250%€35,456▼ 1.7%
Net result€630below the sector's middle half▼ 90.6%€30,555within the sector's middle half▲ 4,749%€5,516within the sector's middle half▼ 81.9%€26,205within the sector's middle half▲ 375%€25,986within the sector's middle half▼ 0.8%
Equity€8,304below the sector's middle half▲ 8.2%€38,859within the sector's middle half▲ 368%€44,375within the sector's middle half▲ 14.2%€1,000below the sector's middle half▼ 97.7%€1,000below the sector's middle half=
Total assets€25,452below the sector's middle half▼ 26.1%€54,966below the sector's middle half▲ 116%€50,443below the sector's middle half▼ 8.2%€56,629below the sector's middle half▲ 12.3%€30,924below the sector's middle half▼ 45.4%
Debt€17,148▼ 36.0%€16,107▼ 6.1%€6,068▼ 62.3%€55,629▲ 817%€29,924▼ 46.2%
Working capital-€2,990€30,346€32,630▲ 7.5%-€10,588-€8,598▲ 18.8%
Solvency32.6%below the sector's middle half▲ 10.4pp70.7%within the sector's middle half▲ 38.1pp88.0%above the sector's middle half▲ 17.3pp1.8%below the sector's middle half▼ 86.2pp3.2%below the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30,924
Fixed assets
€9,598 ▼ 17.2%
Current assets
€21,325 ▼ 52.7%
Equity and liabilities €30,924
Equity
€1,000 =
Debt
€29,924 ▼ 46.2%
Debt's share of the balance-sheet total falls from 98.2% to 96.8%. Debt is lower.
Key figures and ratios
EBITDA
€37,446▼
2024 · €39,289
Cash flow
€27,976▼
2024 · €29,425
Current ratio
0.71▼
2024 · 0.81
Debt to equity
29.92▼
2024 · 55.63
ROA
84.0%▲
2024 · 46.3%
Interest coverage
34.63▲
2024 · 25.59
Debt ≤ 1 year
€29,924▼
2024 · €55,629
Income taxes
€8,388▲
2024 · €8,338
A ratio outside any meaningful range has been withheld (balance sheet total €30,924, equity €1,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,857 | €5,101 | €5,660 | €3,220 | €1,990 | ▼ 38.2% |
| Other operating charges640/8 | €550 | €476 | €632 | €712 | €839 | ▲ 17.8% |
| Gross operating margin9900 | €7,888 | €45,435 | €16,596 | €40,001 | €38,284 | ▼ 4.3% |
| Operating profit (loss)9901 | €2,481 | €39,857 | €10,303 | €36,069 | €35,456 | ▼ 1.7% |
| Financial income75/76B | €0 | - | - | €9 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €9 | €0 | ▼ 100% |
| Financial charges65/66B | €350 | €286 | €1,492 | €1,535 | €1,081 | ▼ 29.6% |
| Recurring financial charges65 | €350 | €286 | €1,492 | €1,535 | €1,081 | ▼ 29.6% |
| Profit (loss) for the period before taxes9903 | €2,131 | €39,571 | €8,811 | €34,543 | €34,375 | ▼ 0.5% |
| Income taxes67/77 | €1,501 | €9,016 | €3,295 | €8,338 | €8,388 | ▲ 0.6% |
| Profit (loss) for the period9904 | €630 | €30,555 | €5,516 | €26,205 | €25,986 | ▼ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €630 | €30,555 | €5,516 | €26,205 | €25,986 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,452 | €54,966 | €50,443 | €56,629 | €30,924 | ▼ 45.4% |
| Fixed assets21/28 | €13,614 | €8,513 | €11,807 | €11,588 | €9,598 | ▼ 17.2% |
| Tangible fixed assets22/27 | €13,614 | €8,513 | €11,807 | €11,588 | €9,598 | ▼ 17.2% |
| Plant, machinery and equipment23 | - | - | €2,455 | €2,188 | €1,921 | ▼ 12.2% |
| Furniture and vehicles24 | €13,614 | €8,513 | €3,412 | €2,775 | €1,952 | ▼ 29.6% |
| Other tangible fixed assets26 | - | - | €5,940 | €6,625 | €5,725 | ▼ 13.6% |
| Current assets29/58 | €11,839 | €46,454 | €38,636 | €45,040 | €21,325 | ▼ 52.7% |
| Amounts receivable within one year40/41 | €6,050 | €21,545 | €32,165 | €33,880 | €13,848 | ▼ 59.1% |
| Trade receivables40 | €6,050 | €21,545 | €31,460 | €33,880 | €12,100 | ▼ 64.3% |
| Other amounts receivable41 | - | - | €705 | €0 | €1,748 | - |
| Cash at bank and in hand54/58 | €5,565 | €24,610 | €4,819 | €9,242 | €5,681 | ▼ 38.5% |
| Deferred charges and accrued income490/1 | €223 | €298 | €1,653 | €1,918 | €1,797 | ▼ 6.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,452 | €54,966 | €50,443 | €56,629 | €30,924 | ▼ 45.4% |
| Equity10/15 | €8,304 | €38,859 | €44,375 | €1,000 | €1,000 | = |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €7,304 | €37,859 | €43,375 | €0 | - | - |
| Distributable reserves133 | €7,304 | €37,859 | €43,375 | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €17,148 | €16,107 | €6,068 | €55,629 | €29,924 | ▼ 46.2% |
| Amounts payable after more than one year17 | €2,320 | €0 | - | - | - | - |
| Financial debts170/4 | €2,320 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €14,828 | €16,107 | €6,006 | €55,629 | €29,924 | ▼ 46.2% |
| Current portion of amounts payable after more than one year42 | €5,496 | €2,320 | €0 | - | - | - |
| Trade debts44 | €154 | €1,675 | €1,554 | €3,283 | €1,851 | ▼ 43.6% |
| Suppliers440/4 | €154 | €1,675 | €1,554 | €3,283 | €1,851 | ▼ 43.6% |
| Taxes, remuneration and social security45 | €5,447 | €11,410 | €4,447 | €5,956 | €1,461 | ▼ 75.5% |
| Taxes450/3 | €5,447 | €11,410 | €4,447 | €5,956 | €1,461 | ▼ 75.5% |
| Other amounts payable47/48 | €3,731 | €703 | €5 | €46,390 | €26,611 | ▼ 42.6% |
| Accrued charges and deferred income492/3 | - | - | €62 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €630 | €30,555 | €5,516 | €26,205 | €25,986 | ▼ 0.8% |
| + Depreciation and write-downs630 | €4,857 | €5,101 | €5,660 | €3,220 | €1,990 | ▼ 38.2% |
| Operating cash flow (approximation) | €5,487 | €35,656 | €11,176 | €29,425 | €27,976 | ▼ 4.9% |
| Investment in fixed assets (approximation) | - | €0 | -€8,954 | -€3,001 | €0 | ▲ 100% |
| Change in cash | - | €19,045 | -€19,792 | €4,424 | -€3,562 | ▼ 181% |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.43
Current ratio from 2.88 to 6.43; short-term debt falls from €16,107 to €6,006.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €30,555 ▲4,749%
Operating result €39,857, net result €30,555, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 2.88
Current ratio from 0.80 to 2.88.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €630 ▼90.6%
Net result drops to €630, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Maasmechelen · 1 establishment unit since 2019
Ground area
1,213 m²
Building footprint
195 m²
Volume, LiDAR
719 m³
Parcel 73013C0156/00A000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HACO
since 20192.289.169.712
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73013C0156/00A000 | Flanders | 1,213 m² | 1 · 194 m² | 5.5 m · 1 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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 1,867 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
Founded14-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726725879
Registered
29-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.