HAFIBO
ActiveSummary
HAFIBO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €630,600. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 410 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+18
Solvency46▼-1
Growth66=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.14 in 2024; short-term debt: 71.4% and cash: 4.1% of total assets), and 78.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
21.3%
Return on assets
10.3%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 410 sector peers (2025).
NBB · sector comparisonPosition among 410 sector peers
Solvency
better than 24%
← weakest
strongest →
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 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
43 d early
2023
40 d early
2022
1 d early
2021
42 d early
2020
6 d early
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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Financials · fiscal year 2025, abbreviated schema
Turnover
€11.9m▼ 5.9%
2023 · €12.7m
EBIT margin
3.3%▲ 1.2pp
2023 · 2.1%
Net result
€630,600▲ 169%
2024 · €234,123
Working capital
€648,440▲ 14.1%
2024 · €568,468
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€9.1m▲ 3.5%€9.7m▲ 6.4%€12.7m▲ 30.4%€11.9m▼ 5.9%
Operating result€42,414▼ 63.3%€54,115▲ 27.6%€263,701▲ 387%€390,689▲ 48.2%€898,315▲ 130%
Net result€1,939below the sector's middle half▼ 97.2%€1,134below the sector's middle half▼ 41.5%€144,325within the sector's middle half▲ 12,627%€234,123within the sector's middle half▲ 62.2%€630,600above the sector's middle half▲ 169%
EBIT margin0.5%▼ 0.8pp0.6%▲ 0.1pp2.1%▲ 1.5pp3.3%▲ 1.2pp
Equity€1.0mwithin the sector's middle half▲ 0.2%€1.0mwithin the sector's middle half▲ 0.1%€1.1mwithin the sector's middle half▲ 4.2%€1.2mwithin the sector's middle half▲ 12.3%€1.3mwithin the sector's middle half▲ 6.6%
Total assets€4.8mwithin the sector's middle half▲ 17.5%€5.1mwithin the sector's middle half▲ 6.7%€6.3mwithin the sector's middle half▲ 23.2%€5.6mwithin the sector's middle half▼ 11.3%€6.1mabove the sector's middle half▲ 9.8%
Debt€3.7m▲ 23.4%€4.1m▲ 8.5%€5.2m▲ 28.1%€4.4m▼ 16.2%€4.8m▲ 10.7%
Working capital€403,483within the sector's middle half▼ 28.9%€288,923within the sector's middle half▼ 28.4%€386,454within the sector's middle half▲ 33.8%€568,468within the sector's middle half▲ 47.1%€648,440within the sector's middle half▲ 14.1%
Solvency21.8%below the sector's middle half▼ 3.8pp20.5%below the sector's middle half▼ 1.4pp17.3%below the sector's middle half▼ 3.2pp21.9%below the sector's middle half▲ 4.6pp21.3%below the sector's middle half▼ 0.6pp
Current ratio1.12below the sector's middle half▼ 0.091.07below the sector's middle half▼ 0.041.08below the sector's middle half=1.14below the sector's middle half▲ 0.061.15below the sector's middle half▲ 0.01
Return on assets (ROA)0.0%below the sector's middle half▼ 1.7pp0.0%below the sector's middle half=2.3%within the sector's middle half▲ 2.3pp4.2%within the sector's middle half▲ 1.9pp10.3%within the sector's middle half▲ 6.1pp
Staff (FTE)38.5within the sector's middle half▼ 3.5%36.8within the sector's middle half▼ 4.4%38.8within the sector's middle half▲ 5.4%39.6within the sector's middle half▲ 2.1%37.1above the sector's middle half▼ 6.3%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +169% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 130% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.1m
Fixed assets
€1.1m ▲ 14.0%
Current assets
€5.0m ▲ 8.9%
Equity and liabilities €6.1m
Equity
€1.3m ▲ 6.6%
Debt
€4.8m ▲ 10.7%
Debt's share of the balance-sheet total rises from 78.1% to 78.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.2m▲
2024 · €699,082
Cash flow
€940,476▲
2024 · €542,516
Quick ratio
0.75▼
2024 · 0.83
Debt to equity
3.69▲
2024 · 3.56
ROE
48.3%▲
2024 · 19.1%
Interest coverage
33.29▲
2024 · 14.44
Debt ≤ 1 year
€4.4m▲
2024 · €4.0m
Debt > 1 year
€445,589▲
2024 · €300,068
Income taxes
€234,817▲
2024 · €96,913
Staff costs
€2.9m▲
2024 · €2.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,613 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €10.9m | €13.2m | €11.5m | - | - |
| Turnover70 | €9.1m | €9.7m | €12.7m | €11.9m | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €672,709 | €247,495 | -€685,514 | - | - |
| Own construction capitalised72 | - | €150,000 | €0 | - | - | - |
| Other operating income74 | - | €354,885 | €304,124 | €267,324 | - | - |
| Non-recurring operating income76A | - | €1,600 | €11,400 | €9,377 | €12,450 | ▲ 32.8% |
| Operating charges60/66A | - | €10.8m | €13.0m | €11.1m | - | - |
| Goods for resale, raw materials and consumables60 | - | €6.4m | €8.2m | €6.2m | - | - |
| Purchases600/8 | - | €6.5m | €8.2m | €6.2m | - | - |
| Change in stocks: decrease (increase)609 | - | -€122,502 | €21,913 | €47,281 | - | - |
| Services and other goods61 | - | €1.8m | €1.8m | €1.7m | - | - |
| Remuneration, social security and pensions62 | - | €2.3m | €2.6m | €2.8m | €2.9m | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €270,230 | €287,290 | €294,225 | €308,393 | €309,876 | ▲ 0.5% |
| Other operating charges640/8 | - | €35,503 | €36,079 | €39,689 | €38,077 | ▼ 4.1% |
| Non-recurring operating charges66A | - | - | €1,873 | €2,890 | €25,981 | ▲ 799% |
| Gross operating margin9900 | - | - | - | - | €4.2m | - |
| Operating profit (loss)9901 | €42,414 | €54,115 | €263,701 | €390,689 | €898,315 | ▲ 130% |
| Financial income75/76B | - | €890 | €1,126 | €733 | €3,393 | ▲ 363% |
| Recurring financial income75 | €2,297 | €890 | €1,126 | €733 | €3,393 | ▲ 363% |
| Other financial income752/9 | - | €890 | €1,126 | €733 | - | - |
| Financial charges65/66B | - | €30,079 | €44,827 | €60,385 | €36,291 | ▼ 39.9% |
| Recurring financial charges65 | €19,843 | €30,079 | €36,561 | €60,385 | €36,291 | ▼ 39.9% |
| Debt charges650 | €12,898 | €17,551 | €28,972 | €48,425 | - | - |
| Other financial charges652/9 | - | €12,528 | €7,589 | €11,960 | - | - |
| Non-recurring financial charges66B | - | - | €8,266 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €24,868 | €24,925 | €220,001 | €331,036 | €865,417 | ▲ 161% |
| Income taxes67/77 | €22,929 | €23,791 | €75,676 | €96,913 | €234,817 | ▲ 142% |
| Taxes670/3 | - | €23,791 | €75,676 | €96,913 | - | - |
| Profit (loss) for the period9904 | €1,939 | €1,134 | €144,325 | €234,123 | €630,600 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | €1,939 | €1,134 | €144,325 | €234,123 | €630,600 | ▲ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.8m | €5.1m | €6.3m | €5.6m | €6.1m | ▲ 9.8% |
| Fixed assets21/28 | €956,245 | €942,891 | €948,710 | €968,218 | €1.1m | ▲ 14.0% |
| Intangible fixed assets21 | €275,466 | €390,278 | €353,735 | €296,631 | €284,178 | ▼ 4.2% |
| Tangible fixed assets22/27 | €680,779 | €552,613 | €594,975 | €671,588 | €819,506 | ▲ 22.0% |
| Land and buildings22 | - | €7,433 | €1,778 | €0 | - | - |
| Plant, machinery and equipment23 | - | €329,161 | €280,581 | €245,637 | €292,559 | ▲ 19.1% |
| Furniture and vehicles24 | - | €146,630 | €267,648 | €401,906 | €467,642 | ▲ 16.4% |
| Other tangible fixed assets26 | - | €69,389 | €44,968 | €24,045 | €59,305 | ▲ 147% |
| Current assets29/58 | €3.8m | €4.2m | €5.3m | €4.6m | €5.0m | ▲ 8.9% |
| Stocks and contracts in progress3 | €303,513 | €1.8m | €2.0m | €1.3m | €1.7m | ▲ 37.2% |
| Stocks30/36 | - | €426,015 | €404,102 | €356,821 | €322,167 | ▼ 9.7% |
| Raw materials and consumables30/31 | - | €426,015 | €404,102 | €356,821 | - | - |
| Contracts in progress37 | - | €1.4m | €1.6m | €918,357 | €1.4m | ▲ 55.4% |
| Amounts receivable within one year40/41 | €2.4m | €2.0m | €2.8m | €2.6m | €2.6m | ▲ 0.4% |
| Trade receivables40 | - | €1.9m | €2.7m | €2.5m | €2.6m | ▲ 2.9% |
| Other amounts receivable41 | - | €49,903 | €163,756 | €102,082 | €39,877 | ▼ 60.9% |
| Current investments50/53 | - | - | - | - | €295,065 | - |
| Cash at bank and in hand54/58 | €386,296 | €287,040 | €364,912 | €608,627 | €249,448 | ▼ 59.0% |
| Deferred charges and accrued income490/1 | - | €123,925 | €131,526 | €142,456 | €132,811 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.8m | €5.1m | €6.3m | €5.6m | €6.1m | ▲ 9.8% |
| Equity10/15 | €1.0m | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 6.6% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €7,197 | €7,197 | €7,197 | €7,197 | €7,197 | = |
| Non-distributable reserves130/1 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Tax-exempt reserves132 | - | €306 | €306 | €306 | €306 | = |
| Distributable reserves133 | - | €642 | €642 | €642 | €642 | = |
| Profit (loss) carried forward14 | €975,692 | €976,826 | €1.0m | €1.2m | €1.2m | ▲ 7.0% |
| Amounts payable17/49 | €3.7m | €4.1m | €5.2m | €4.4m | €4.8m | ▲ 10.7% |
| Amounts payable after more than one year17 | €310,990 | €181,569 | €241,692 | €300,068 | €445,589 | ▲ 48.5% |
| Financial debts170/4 | - | €181,569 | €241,692 | €300,068 | €445,589 | ▲ 48.5% |
| Credit institutions173 | - | €181,569 | €241,692 | €300,068 | - | - |
| Amounts payable within one year42/48 | €3.4m | €3.9m | €5.0m | €4.0m | €4.4m | ▲ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €202,415 | €174,836 | €183,927 | €191,806 | ▲ 4.3% |
| Financial debts43 | - | €766,955 | €436,265 | €232,708 | €233,801 | ▲ 0.5% |
| Credit institutions430/8 | - | €766,955 | €436,265 | €232,708 | €233,801 | ▲ 0.5% |
| Trade debts44 | €1.6m | €1.5m | €2.4m | €2.3m | €1.5m | ▼ 37.7% |
| Suppliers440/4 | - | €1.5m | €2.4m | €2.3m | €1.5m | ▼ 37.7% |
| Advances received on contracts in progress46 | - | €722,784 | €1.4m | €872,761 | €1.7m | ▲ 92.6% |
| Taxes, remuneration and social security45 | - | €217,975 | €273,503 | €219,622 | €264,839 | ▲ 20.6% |
| Taxes450/3 | - | €24,538 | €75,700 | €77 | €33,826 | ▲ 44,117% |
| Remuneration and social security454/9 | - | €193,437 | €197,803 | €219,545 | €231,013 | ▲ 5.2% |
| Other amounts payable47/48 | - | €485,000 | €199,976 | €199,976 | €550,000 | ▲ 175% |
| Accrued charges and deferred income492/3 | - | €3,722 | €2,625 | €11,647 | €965 | ▼ 91.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,939 | €1,134 | €144,325 | €234,123 | €630,600 | ▲ 169% |
| + Depreciation and write-downs630 | €270,230 | €287,290 | €294,225 | €308,393 | €309,876 | ▲ 0.5% |
| Operating cash flow (approximation) | €272,169 | €288,424 | €438,550 | €542,516 | €940,476 | ▲ 73.4% |
| Investment in fixed assets (approximation) | - | -€273,936 | -€300,045 | -€327,901 | -€445,341 | ▼ 35.8% |
| Change in cash | - | -€99,256 | €77,871 | €243,715 | -€359,180 | ▼ 247% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2019net €630,600 ▲169%
Operating result €898,315, net result €630,600, both a record.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Weakest financial yearnet €1,134 ▼41.5%
Net result drops to €1,134, the lowest in the series; recovery starts the following year.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
19-12
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.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1995
Ground area
2,404 m²
Building footprint
1,329 m²
Volume, LiDAR
11,248 m³
Parcel 34006B0021/00F000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HAFIBO
since 19952.070.437.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006B0021/00F000 | Flanders | 2,404 m² | 1 · 1,329 m² | 10.6 m · 3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- BC OUDE KASSEI
- HAFIBO
Highest known parent: BC OUDE KASSEI. The sources do not say who stands above it.
Owners 1
- BC OUDE KASSEIparent99.92%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 3,964 EUR awarded · 3,790 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 635 EUR | 504 EUR |
| 2024 | 1 | 419 EUR | 376 EUR |
| 2023 | 2 | 1,814 EUR | 2,036 EUR |
| 2022 | 1 | 1,096 EUR | 874 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 endedHoeknaadlasser (so)
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Company details
Identification
Legal formPublic limited company
Founded13-01-1995
Fiscal year end30-06
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
25110Manufacture of metal structures and parts of structures
25210Manufacture of fabricated metal products, except machinery and equipment
28250Manufacture of machinery and equipment not elsewhere classified
43320Joinery installation
82990Other business support services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454287622
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.