Hadia Starter
Open bankruptcyA bankruptcy procedure is open for Hadia Starter according to publications in the Belgian State Gazette; curator: CLAIRE VAN DE VELDE.
Summary
The 2024 annual accounts show equity of €18k and a net result of €-10k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year €-10k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
300 d late
2022
57 d late
2021
1 d late
2020
97 d late
2019
129 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 34.8%
2023 · €28k
2019: €27k
2020: €60k
2021: €57k
2022: €38k
2023: €28k
2019 → 2024
Total assets
€89k▲ 9.8%
2023 · €81k
2019: €43k
2020: €83k
2021: €83k
2022: €78k
2023: €81k
2019 → 2024
Net result
€-10k▼ 0.3%
2023 · €-10k
2019: €27k
2020: €33k
2021: €25k
2022: €-19k
2023: €-10k
2019 → 2024
Working capital
€18k▼ 33.7%
2023 · €27k
2019: €27k
2020: €60k
2021: €57k
2022: €37k
2023: €27k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€60k-€57k▼ 5.2%€38k▼ 33.4%€28k▼ 25.7%€18k▼ 34.8%
Operating result€34k-€25k▼ 25.3%€-11k€-9k▲ 17.9%€-10k▼ 1.8%
Net result€33k-€25k▼ 25.5%€-19k€-10k▲ 48.7%€-10k▼ 0.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €9k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€736 ▼ 52.5%
Current assets
€88k ▲ 11.0%
Equity and liabilities €89k
Equity
€18k ▼ 34.8%
Debt
€70k ▲ 33.7%
Debt's share of the balance-sheet total rises from 65.1% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▲
2023 · €-9k
Cash flow
€-9k▲
2023 · €-9k
Current ratio
1.25▼
2023 · 1.51
Debt to equity
3.82▲
2023 · 1.87
ROE
-53.3%▼
2023 · -34.6%
ROA
-11.0%▲
2023 · -12.1%
Interest coverage
-28.76▼
2023 · -19.75
Debt ≤ 1 year
€70k▲
2023 · €53k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 31 lines
Balance sheet
Code20232024
Assets
Total assets20/58€81k€89k▲
Fixed assets21/28€2k€736▼
Tangible fixed assets22/27€2k€686▼
Plant, machinery and equipment23€2k€686▼
Financial fixed assets28€50€50=
Current assets29/58€79k€88k▲
Amounts receivable within one year40/41€71k€88k▲
Other amounts receivable41€71k€88k▲
Cash at bank and in hand54/58€8k€450▼
Equity and liabilities
Total equity and liabilities10/49€81k€89k▲
Equity10/15€28k€18k▼
Profit (loss) carried forward14€28k€18k▼
Amounts payable17/49€53k€70k▲
Amounts payable within one year42/48€53k€70k▲
Trade debts44€7k€10k▲
Suppliers440/4€7k€10k▲
Taxes, remuneration and social security45€46k€60k▲
Taxes450/3€46k€60k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€606€815▲
Other operating charges640/8€41k€24k▼
Gross operating margin9900€32k€15k▼
Operating profit (loss)9901€-9k€-10k▼
Financial income75/76B€1€3▲
Recurring financial income75€1€3▲
Financial charges65/66B€442€302▼
Recurring financial charges65€442€302▼
Profit (loss) for the period before taxes9903€-10k€-10k▼
Profit (loss) for the period9904€-10k€-10k▼
Profit (loss) for the period to be appropriated9905€-10k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€18k▼
Profit (loss) brought forward from the previous period14P€38k€28k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL HADIA STARTER RUE DU CHAMP DE L’EGLISE 3, 1020 LAEKEN · event 03-11-2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 300 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Weakest financial yearnet €-19k ▼177%
Net result drops to €-19k, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
2020
31-12
Financial
Highest result since 2019net €33k ▲24.5%
Operating result €34k, net result €33k, both a record.
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 1 establishment unit since 2018
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.
Kerkeveldstraat 31020 BrusselGround area
144 m²
Building footprint
122 m²
Volume, LiDAR
1,240 m³
Parcel 21815D0176/00T003, Brussels · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Hadia Starter
since 20182.302.142.372
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0176/00T003 | Brussels | 144 m² | 1 · 122 m² | 15.9 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CLAIRE VAN DE VELDE AVENUE DE FRE 229,
1180 UCCLE |
03-11-2025 → present |
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Of 4,529 companies in sector 74301 we hold annual accounts for 719. 544 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.