HAGE
ActiveSummary
The annual accounts of HAGE for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €80,955 and a net result of -€173,823. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 10% of 17179 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-65
Solvency28▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.05 against 0.17 in 2024; short-term debt: 46.2% and cash: 1.7% of total assets), and 96.6% of the assets are financed with debt.
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Signals
Five 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 →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.4%
Return on assets
-7.2%
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 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 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
5 d early
2022
4 d early
2021
on the day
2020
2 d early
2019
on the day
← 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 2 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 company by total assets in Holsbeek, Telecoms and IT sector
Equity
€80,955▼ 68.2%
2024 · €254,777
Total assets
€2.4m▲ 128%
2024 · €1.1m
Net result
-€173,823
2024 · €50,911
Working capital
-€1.1m▼ 220%
2024 · -€332,685
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,338▲ 249%€61,938▲ 18.3%€70,900▲ 14.5%€56,494▼ 20.3%-€149,010
Net result€35,341▲ 123%€50,145▲ 41.9%€54,317▲ 8.3%€50,911▼ 6.3%-€173,823
Equity€99,405▲ 55.2%€149,550▲ 50.4%€203,866▲ 36.3%€254,777▲ 25.0%€80,955▼ 68.2%
Total assets€143,854▲ 0.3%€398,692▲ 177%€487,499▲ 22.3%€1.1m▲ 117%€2.4m▲ 128%
Debt€44,449▼ 43.9%€249,142▲ 461%€283,633▲ 13.8%€802,868▲ 183%€2.3m▲ 190%
Working capital-€15,284▼ 428%€111,447€54,710▼ 50.9%-€332,685-€1.1m▼ 220%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €149,010 after €56,494 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.4m ▲ 139%
Current assets
€50,207 ▼ 27.8%
Equity and liabilities €2.4m
Equity
€80,955 ▼ 68.2%
Debt
€2.3m ▲ 190%
Debt's share of the balance-sheet total rises from 75.9% to 96.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€22,104▼
2024 · €118,021
Cash flow
-€46,917▼
2024 · €112,438
Current ratio
0.05▼
2024 · 0.17
Debt to equity
28.80▲
2024 · 3.15
ROE
-214.7%▼
2024 · 20.0%
ROA
-7.2%▼
2024 · 4.8%
Interest coverage
-0.88▼
2024 · 2058.98
Debt ≤ 1 year
€1.1m▲
2024 · €402,251
Debt > 1 year
€1.2m▲
2024 · €400,424
Income taxes
€0▼
2024 · €5,526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 912 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 | €15,277 | €26,651 | €39,391 | €61,527 | €126,906 | ▲ 106% |
| Other operating charges640/8 | - | €348 | €374 | €2,679 | €50,757 | ▲ 1,795% |
| Gross operating margin9900 | €68,028 | €88,937 | €110,664 | €120,700 | €28,653 | ▼ 76.3% |
| Operating profit (loss)9901 | €52,338 | €61,938 | €70,900 | €56,494 | -€149,010 | ▼ 364% |
| Financial income75/76B | - | €0 | €0 | €0 | €437 | ▲ 4,367,700% |
| Recurring financial income75 | - | €0 | €0 | €0 | €437 | ▲ 4,367,700% |
| Financial charges65/66B | - | €60 | €80 | €57 | €25,249 | ▲ 43,950% |
| Recurring financial charges65 | €124 | €60 | €80 | €57 | €25,249 | ▲ 43,950% |
| Profit (loss) for the period before taxes9903 | €52,214 | €61,878 | €70,819 | €56,437 | -€173,823 | ▼ 408% |
| Income taxes67/77 | €16,873 | €11,733 | €16,503 | €5,526 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €35,341 | €50,145 | €54,317 | €50,911 | -€173,823 | ▼ 441% |
| Profit (loss) for the period to be appropriated9905 | €35,341 | €50,145 | €54,317 | €50,911 | -€173,823 | ▼ 441% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143,854 | €398,692 | €487,499 | €1.1m | €2.4m | ▲ 128% |
| Fixed assets21/28 | €114,861 | €238,620 | €360,650 | €988,079 | €2.4m | ▲ 139% |
| Tangible fixed assets22/27 | €114,861 | €238,620 | €360,650 | €988,079 | €2.4m | ▲ 139% |
| Land and buildings22 | - | €233,706 | €351,095 | €970,002 | €2.3m | ▲ 142% |
| Plant, machinery and equipment23 | - | €4,914 | €9,555 | €7,330 | €5,472 | ▼ 25.4% |
| Furniture and vehicles24 | - | - | - | €10,747 | €9,627 | ▼ 10.4% |
| Current assets29/58 | €28,993 | €160,072 | €126,850 | €69,566 | €50,207 | ▼ 27.8% |
| Amounts receivable within one year40/41 | €22,239 | €7,805 | €11,200 | €63,878 | €7,190 | ▼ 88.7% |
| Trade receivables40 | - | €3,624 | €10,617 | €59,325 | €7,184 | ▼ 87.9% |
| Other amounts receivable41 | - | €4,181 | €583 | €4,553 | €6 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €5,540 | €152,262 | €114,930 | €4,434 | €41,106 | ▲ 827% |
| Deferred charges and accrued income490/1 | - | €4 | €720 | €1,254 | €1,912 | ▲ 52.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143,854 | €398,692 | €487,499 | €1.1m | €2.4m | ▲ 128% |
| Equity10/15 | €99,405 | €149,550 | €203,866 | €254,777 | €80,955 | ▼ 68.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €87,005 | €137,150 | €191,466 | €242,377 | €242,377 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €135,290 | €189,606 | €242,377 | €242,377 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€173,823 | - |
| Amounts payable17/49 | €44,449 | €249,142 | €283,633 | €802,868 | €2.3m | ▲ 190% |
| Amounts payable after more than one year17 | - | €150,000 | €150,000 | €400,424 | €1.2m | ▲ 204% |
| Financial debts170/4 | - | - | - | €250,424 | €1.2m | ▲ 362% |
| Other amounts payable178/9 | - | €150,000 | €150,000 | €150,000 | €60,000 | ▼ 60.0% |
| Amounts payable within one year42/48 | €44,277 | €48,625 | €72,140 | €402,251 | €1.1m | ▲ 177% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €65,590 | - |
| Financial debts43 | - | - | - | €160,000 | €205,000 | ▲ 28.1% |
| Other loans439 | - | - | - | €160,000 | €205,000 | ▲ 28.1% |
| Trade debts44 | €22,937 | €23,616 | €21,054 | €21,702 | €251,438 | ▲ 1,059% |
| Suppliers440/4 | - | €23,616 | €21,054 | €21,702 | €251,438 | ▲ 1,059% |
| Advances received on contracts in progress46 | - | - | €4,425 | €23,390 | €3,275 | ▼ 86.0% |
| Taxes, remuneration and social security45 | - | €287 | €11,471 | €14,850 | €21,612 | ▲ 45.5% |
| Taxes450/3 | - | €287 | €11,471 | €7,050 | €2,712 | ▼ 61.5% |
| Remuneration and social security454/9 | - | - | - | €7,800 | €18,900 | ▲ 142% |
| Other amounts payable47/48 | - | €24,722 | €35,190 | €182,308 | €566,692 | ▲ 211% |
| Accrued charges and deferred income492/3 | - | €50,517 | €61,493 | €193 | €198 | ▲ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,341 | €50,145 | €54,317 | €50,911 | -€173,823 | ▼ 441% |
| + Depreciation and write-downs630 | €15,277 | €26,651 | €39,391 | €61,527 | €126,906 | ▲ 106% |
| Operating cash flow (approximation) | €50,618 | €76,796 | €93,707 | €112,438 | -€46,917 | ▼ 142% |
| Investment in fixed assets (approximation) | - | -€150,411 | -€161,420 | -€688,956 | -€1.5m | ▼ 118% |
| Change in cash | - | €146,722 | -€37,333 | -€110,496 | €36,672 | ▲ 133% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€173,823
Net result drops to -€173,823, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €54,317 ▲8.3%
Operating result €70,900, net result €54,317, both a record.
30-06
Financial
Equity above €200,000Eq €203,866 ▲36.3%
5 profitable years in a row build equity to €203,866.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity times 5current ratio 3.29
Current ratio from 0.65 to 3.29.
30-06
Financial
Equity above €100,000Eq €149,550 ▲50.4%
4 profitable years in a row build equity to €149,550.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 acts for this company are 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, Holsbeek · 1 establishment unit since 2010
Ground area
5,421 m²
Building footprint
394 m²
Volume, LiDAR
2,061 m³
Parcel 24080C0679/00P000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Luttelkolen 9, 3221 Holsbeek
since 20102.184.202.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24080C0679/00P000 | Flanders | 5,421 m² | 1 · 394 m² | 8.4 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 56 EUR awarded · 56 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 56 EUR | 56 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,589 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
Founded04-01-2010
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822028874
Also
9925:BE0822028874
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.