HACOS
ActiveHACOS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €430k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 9% of 309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-10
Solvency7▼-1
Growth44=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.8 in 2024), and 98.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
1.7%
Return on assets
3.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 309 sector peers (2025).
NBB · sector comparisonPosition among 309 sector peers
Solvency
better than 9%
← 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
52 d early
2023
30 d early
2022
38 d early
2021
40 d early
2020
25 d early
2019
11 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€11.95M▲ 1.7%
2024 · €11.76M
2018: €13.45M
2019: €9.49M
2020: €9.64M
2021: €8.83M
2022: €11.10M
2023: €10.59M
2024: €11.76M
2018 → 2025
EBIT margin
3.4%▼ 2.2pp
2024 · 5.6%
2018: 9.7%
2019: 3.9%
2020: 5.2%
2021: 5.5%
2022: 3.6%
2023: 3.9%
2024: 5.6%
2018 → 2025
Net result
€430k▼ 54.7%
2024 · €949k
2018: €1.29M
2019: €344k
2020: €483k
2021: €453k
2022: €469k
2023: €514k
2024: €949k
2018 → 2025
Working capital
€-2.81M▼ 10.0%
2024 · €-2.56M
2018: €-2.05M
2019: €312k
2020: €-47k
2021: €-533k
2022: €-1.08M
2023: €-1.83M
2024: €-2.56M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.83M-€11.10M▲ 25.8%€10.59M▼ 4.6%€11.76M▲ 11.1%€11.95M▲ 1.7%
Equity€217k-€218k▲ 0.3%€220k▲ 0.8%€220k▲ 0.2%€221k▲ 0.4%
Operating result€482k-€396k▼ 17.9%€411k▲ 3.7%€654k▲ 59.3%€402k▼ 38.5%
Net result€453k-€469k▲ 3.3%€514k▲ 9.7%€949k▲ 84.6%€430k▼ 54.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.96M
Fixed assets
€3.08M▼ 4.0%
Current assets
€9.88M▼ 1.0%
Equity and liabilities €12.96M
Equity
€221k▲ 0.4%
Debt
€12.74M▼ 1.7%
The debt ratio stays at 98.3%.
Key figures and ratios
EBITDA
€634k▼
2024 · €876k
Cash flow
€662k▼
2024 · €1.17M
Solvency
1.7%▲
2024 · 1.7%
Current ratio
0.78▼
2024 · 0.80
Quick ratio
0.24▼
2024 · 0.31
Debt / equity
57.55▼
2024 · 58.83
ROE
194.2%▼
2024 · 430.4%
ROA
3.3%▼
2024 · 7.2%
Interest coverage
112.03▲
2024 · 89.21
Debt
€12.74M▼
2024 · €12.97M
Debt ≤ 1 year
€12.70M▲
2024 · €12.54M
Debt > 1 year
€0▼
2024 · €429k
Income taxes
€2k▲
2024 · €2k
Staff costs
€4.13M▲
2024 · €3.95M
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€13.19M€12.96M▼
Fixed assets21/28€3.21M€3.08M▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.24M€1.11M▼
Land and buildings22€618k€583k▼
Plant, machinery and equipment23€623k€519k▼
Furniture and vehicles24€2k€10k▲
Financial fixed assets28€1.96M€1.96M=
Affiliated companies280/1€1.96M€1.96M=
Participating interests280€1.96M€1.96M=
Current assets29/58€9.98M€9.88M▼
Stocks and contracts in progress3€6.09M€6.81M▲
Stocks30/36€2.62M€4.08M▲
Raw materials and consumables30/31€1.08M€1.83M▲
Finished goods33€1.54M€2.25M▲
Contracts in progress37€3.48M€2.73M▼
Amounts receivable within one year40/41€1.45M€1.78M▲
Trade receivables40€1.16M€1.29M▲
Other amounts receivable41€285k€486k▲
Current investments50/53€2.00M€0▼
Other investments51/53€2.00M€0▼
Cash at bank and in hand54/58€380k€1.20M▲
Deferred charges and accrued income490/1€64k€94k▲
Equity and liabilities
Total equity and liabilities10/49€13.19M€12.96M▼
Equity10/15€220k€221k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€158k€159k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€152k€153k▲
Amounts payable17/49€12.97M€12.74M▼
Amounts payable after more than one year17€429k€0▼
Financial debts170/4€429k€0▼
Credit institutions173€429k€0▼
Amounts payable within one year42/48€12.54M€12.70M▲
Current portion of amounts payable after more than one year42€429k€429k=
Trade debts44€1.40M€1.93M▲
Suppliers440/4€1.40M€1.93M▲
Advances received on contracts in progress46€6.18M€5.60M▼
Taxes, remuneration and social security45€310k€338k▲
Taxes450/3€1k€3k▲
Remuneration and social security454/9€308k€335k▲
Other amounts payable47/48€4.22M€4.40M▲
Accrued charges and deferred income492/3€0€43k▲
Income statement
Code20242025
Operating income70/76A€11.67M€11.92M▲
Turnover70€11.76M€11.95M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-165k€-106k▲
Other operating income74€69k€69k▼
Non-recurring operating income76A€9k€2k▼
Operating charges60/66A€11.02M€11.52M▲
Goods for resale, raw materials and consumables60€3.46M€3.80M▲
Purchases600/8€3.41M€4.55M▲
Change in stocks: decrease (increase)609€54k€-750k▼
Services and other goods61€3.37M€3.34M▼
Remuneration, social security and pensions62€3.95M€4.13M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€222k€232k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€0▲
Other operating charges640/8€8k€8k▼
Non-recurring operating charges66A€0-
Operating profit (loss)9901€654k€402k▼
Financial income75/76B€319k€47k▼
Recurring financial income75€319k€47k▼
Income from financial fixed assets750€281k€0▼
Income from current assets751€35k€46k▲
Other financial income752/9€3k€1k▼
Financial charges65/66B€23k€17k▼
Recurring financial charges65€23k€17k▼
Debt charges650€10k€6k▼
Other financial charges652/9€13k€12k▼
Profit (loss) for the period before taxes9903€950k€432k▼
Income taxes67/77€2k€2k▲
Taxes670/3€2k€2k▲
Profit (loss) for the period9904€949k€430k▼
Profit (loss) for the period to be appropriated9905€949k€430k▼
Appropriation of the result
Profit (loss) to be appropriated9906€949k€430k▼
Transfer to equity691/2€528€968▲
To other reserves6921€528€968▲
Profit to be distributed694/7€948k€429k▼
Return on contributions (dividend)694€948k€429k▼
Social balance
Average headcount (FTE)908754.757.5▲
The notes to these accounts (66 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €344k ▼73.4%
Net result drops to €344k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-02-2024
ANEROL: Resigned as Director
01-02-2024
DCNT: Resigned as Director
01-02-2024
DCRT: Resigned as Director
01-02-2024
VMB-intl: Resigned as Director
31-12-2012
DUCORNAIT Patrick: Resigned as Director
17-12-2012
BVBA Gwedina: Resigned as Director
Location & real-estate footprint
Registered office, Malle · 1 establishment unit since 1998
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.
Industrieweg 112390 MalleGround area
5,226 m²
Building footprint
2,597 m²
Volume, LiDAR
13,992 m³
Parcel 11032D0057/00N000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HACOS
since 19982.089.653.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11032D0057/00N000 | Flanders | 5,226 m² | 1 · 2,597 m² | 7.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 40,073 EUR awarded · 39,938 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 11,161 EUR | 11,161 EUR |
| 2024 | 3 | 8,131 EUR | 11,430 EUR |
| 2023 | 3 | 13,118 EUR | 9,684 EUR |
| 2022 | 2 | 7,663 EUR | 7,663 EUR |
Schemes
Subsidies voor internationaal ondernemen
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
SOMEPRODUCTS
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CD - CONSTRUCTS
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ASNONG
BE 0418.647.050
Lummen · Eq €196k
THIERENS MICHIEL
BE 0767.552.288
Temse · Eq €252k
BELGIAN RENDERING ENGINEERING
BE 0859.791.568
Roeselare · Eq €256k
Of 127 companies in sector 28930 we hold annual accounts for 101. 75 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-11-1998
Fiscal year end31-12
Activities, NACEBEL
28930Manufacture of machinery and equipment not elsewhere classified
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.