HAGIO
ActiveThe computed 12-month bankruptcy probability of HAGIO is 1.6% (moderate). The annual accounts of HAGIO for fiscal year 2025 show a net loss of 51% of total assets. The 2025 annual accounts show equity of €31k and a net result of €-31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 13240 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-75
Solvency76▼-4
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k 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 ample (current ratio 1.67 against 1.98 in 2024; short-term debt: 48.3% and cash: 73% of total assets), and 48.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
51.1%
Return on assets
-50.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
20 d late
2023
28 d late
2022
3 d late
2021
32 d early
2020
26 d late
2019
25 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▼ 49.9%
2024 · €62k
2018: €37k
2019: €27k
2020: €15k
2021: €32k
2022: €35k
2023: €57k
2024: €62k
2018 → 2025
Total assets
€61k▼ 46.6%
2024 · €114k
2018: €45k
2019: €46k
2020: €23k
2021: €67k
2022: €75k
2023: €94k
2024: €114k
2018 → 2025
Net result
€-31k
2024 · €6k
2018: €-202
2019: €-10k
2020: €-12k
2021: €17k
2022: €3k
2023: €22k
2024: €6k
2018 → 2025
Working capital
€20k▼ 61.0%
2024 · €51k
2018: €17k
2019: €13k
2020: €4k
2021: €18k
2022: €20k
2023: €44k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€35k▲ 8.0%€57k▲ 64.0%€62k▲ 9.8%€31k▼ 49.9%
Operating result€19k-€5k▼ 75.4%€25k▲ 434%€13k▼ 49.1%€-29k
Net result€17k-€3k▼ 85.3%€22k▲ 762%€6k▼ 75.0%€-31k
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 €29k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€12k▲ 3.1%
Current assets
€49k▼ 52.1%
Equity and liabilities €61k
Equity
€31k▼ 49.9%
Debt
€30k▼ 42.6%
The debt ratio rises from 45.5% to 48.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-24k▼
2024 · €17k
Cash flow
€-27k▼
2024 · €10k
Solvency
51.1%▼
2024 · 54.5%
Current ratio
1.67▼
2024 · 1.98
Quick ratio
1.52▼
2024 · 1.89
Debt / equity
0.96▲
2024 · 0.83
ROE
-99.6%▼
2024 · 8.9%
ROA
-50.9%▼
2024 · 4.8%
Interest coverage
-9.40▼
2024 · 5.99
Debt
€30k▼
2024 · €52k
Debt ≤ 1 year
€29k▼
2024 · €52k
Staff costs
€35k▼
2024 · €48k
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€114k€61k▼
Fixed assets21/28€11k€12k▲
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€463-
Other tangible fixed assets26€234€117▼
Financial fixed assets28€5k€5k=
Current assets29/58€103k€49k▼
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€2k€142▼
Other amounts receivable41€2k€142▼
Cash at bank and in hand54/58€96k€45k▼
Equity and liabilities
Total equity and liabilities10/49€114k€61k▼
Equity10/15€62k€31k▼
Contributions10/11€19k€19k=
Reserves13€38k€13k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€36k€11k▼
Profit (loss) carried forward14€6k-
Amounts payable17/49€52k€30k▼
Amounts payable within one year42/48€52k€29k▼
Trade debts44€22k€11k▼
Suppliers440/4€22k€11k▼
Taxes, remuneration and social security45€22k€13k▼
Taxes450/3€10k€11k▲
Remuneration and social security454/9€12k€2k▼
Other amounts payable47/48€8k€6k▼
Accrued charges and deferred income492/3-€356
Income statement
Code20242025
Remuneration, social security and pensions62€48k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€70k€18k▼
Operating profit (loss)9901€13k€-29k▼
Financial income75/76B€217€129▼
Recurring financial income75€217€129▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€10k€-31k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€6k€-31k▼
Profit (loss) for the period to be appropriated9905€6k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€-26k▼
Profit (loss) brought forward from the previous period14P€22k€6k▼
Transfer from equity791/2-€26k
Transfer to equity691/2€22k-
To other reserves6921€22k-
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-31k ▼661%
Net result drops to €-31k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €22k ▲762%
Operating result €25k, net result €22k, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Leuven · 1 establishment unit since 2005
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.
Tiensevest 123000 LeuvenGround area
185 m²
Building footprint
173 m²
Volume, LiDAR
1,610 m³
Parcel 24502B0003/00S003, Flanders · tallest building 18.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HAGIO BVBA
since 20052.150.337.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0003/00S003 | Flanders | 185 m² | 1 · 173 m² | 18.3 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteLeuven2.150.337.471
Similar companies · same sector, comparable size
Nippon
BE 0862.247.945
Tournai · Eq €31k
Foodiz Corp.
BE 0727.858.603
Brussel · Eq €31k
VINNIE'S EASY FOOD FAIR
BE 0766.395.020
Ninove · Eq €31k
GAVIUS
BE 0805.876.790
Ans · Eq €31k
Demco
BE 0402.855.846
Brussel · Eq €31k
Of 20,494 companies in sector 56111 we hold annual accounts for 11,455. 9,502 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-11-2005
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.