HAGOS
ActiveSummary
HAGOS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6,194 and a net result of -€3,665. Equity is shrinking by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 4628 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34=
Solvency27▼-2
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.01 against 0.01 in 2023; short-term debt: 45.9% and cash: 0.1% of total assets), and 97.5% of the assets are financed with debt.
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Signals
Seven 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
2.5%
Return on assets
-1.5%
Age of the figures
21 mo
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
21222324
2021 to 2024 · latest year -€3,665
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 4628 sector peers (2024).
NBB · sector comparisonPosition among 4628 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
30 d late
2022
26 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€3,665▼ 9.1%
2023 · -€3,359
Working capital
-€113,806▼ 32.1%
2023 · -€86,142
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€11,184-€5,010▼ 55.2%-€3,008-€3,304▼ 9.8%
Net result€8,633within the sector's middle half-€3,584within the sector's middle half▼ 58.5%-€3,359below the sector's middle half-€3,665below the sector's middle half▼ 9.1%
Equity€9,633below the sector's middle half-€13,217below the sector's middle half▲ 37.2%€9,858below the sector's middle half▼ 25.4%€6,194below the sector's middle half▼ 37.2%
Total assets€250,495below the sector's middle half-€255,815below the sector's middle half▲ 2.1%€251,173below the sector's middle half▼ 1.8%€251,651below the sector's middle half▲ 0.2%
Debt€240,862-€242,598▲ 0.7%€241,315▼ 0.5%€245,458▲ 1.7%
Working capital-€59,367within the sector's middle half--€88,783within the sector's middle half▼ 49.5%-€86,142within the sector's middle half▲ 3.0%-€113,806below the sector's middle half▼ 32.1%
Solvency3.8%below the sector's middle half-5.2%below the sector's middle half▲ 1.3pp3.9%below the sector's middle half▼ 1.2pp2.5%below the sector's middle half▼ 1.5pp
Current ratio0.01below the sector's middle half-0.06below the sector's middle half▲ 0.050.01below the sector's middle half▼ 0.050.01below the sector's middle half=
Return on assets (ROA)3.4%within the sector's middle half-1.4%within the sector's middle half▼ 2.0pp-1.3%below the sector's middle half▼ 2.7pp-1.5%below the sector's middle half▼ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,304 in 2024 against €3,008 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €251,651
Fixed assets
€250,000 =
Current assets
€1,651 ▲ 40.8%
Equity and liabilities €251,651
Equity
€6,194 ▼ 37.2%
Debt
€245,458 ▲ 1.7%
Debt's share of the balance-sheet total rises from 96.1% to 97.5%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
39.63▲
2023 · 24.48
ROE
-59.2%▼
2023 · -34.1%
Debt ≤ 1 year
€115,458▲
2023 · €87,315
Debt > 1 year
€130,000▼
2023 · €154,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Gross operating margin9900 | €11,184 | €5,010 | -€3,008 | -€3,304 | ▼ 9.8% |
| Operating profit (loss)9901 | €11,184 | €5,010 | -€3,008 | -€3,304 | ▼ 9.8% |
| Financial income75/76B | - | - | €0 | €3 | ▲ 1,600% |
| Recurring financial income75 | - | - | €0 | €3 | ▲ 1,600% |
| Financial charges65/66B | €101 | €274 | €350 | €364 | ▲ 3.9% |
| Recurring financial charges65 | €101 | €274 | €350 | €364 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €11,083 | €4,736 | -€3,359 | -€3,665 | ▼ 9.1% |
| Income taxes67/77 | €2,450 | €1,152 | - | - | - |
| Profit (loss) for the period9904 | €8,633 | €3,584 | -€3,359 | -€3,665 | ▼ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €8,633 | €3,584 | -€3,359 | -€3,665 | ▼ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €250,495 | €255,815 | €251,173 | €251,651 | ▲ 0.2% |
| Fixed assets21/28 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Financial fixed assets28 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Current assets29/58 | €495 | €5,815 | €1,173 | €1,651 | ▲ 40.8% |
| Amounts receivable within one year40/41 | - | €5,372 | €85 | €1,489 | ▲ 1,655% |
| Trade receivables40 | - | €5,372 | - | - | - |
| Other amounts receivable41 | - | - | €85 | €1,489 | ▲ 1,655% |
| Cash at bank and in hand54/58 | €495 | €443 | €1,088 | €163 | ▼ 85.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €250,495 | €255,815 | €251,173 | €251,651 | ▲ 0.2% |
| Equity10/15 | €9,633 | €13,217 | €9,858 | €6,194 | ▼ 37.2% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | €1,000 | - | - | - | - |
| Issued capital100 | €1,000 | - | - | - | - |
| Reserves13 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | - | - | - | - |
| Legal reserve130 | €100 | - | - | - | - |
| Distributable reserves133 | - | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €8,533 | €12,117 | €8,758 | €5,094 | ▼ 41.8% |
| Amounts payable17/49 | €240,862 | €242,598 | €241,315 | €245,458 | ▲ 1.7% |
| Amounts payable after more than one year17 | €181,000 | €148,000 | €154,000 | €130,000 | ▼ 15.6% |
| Financial debts170/4 | €181,000 | €148,000 | €154,000 | €130,000 | ▼ 15.6% |
| Amounts payable within one year42/48 | €59,862 | €94,598 | €87,315 | €115,458 | ▲ 32.2% |
| Current portion of amounts payable after more than one year42 | €36,000 | €36,000 | - | - | - |
| Trade debts44 | €16,181 | €50,165 | €85,570 | €112,748 | ▲ 31.8% |
| Suppliers440/4 | €16,181 | €50,165 | €85,570 | €112,748 | ▲ 31.8% |
| Taxes, remuneration and social security45 | €5,062 | €5,279 | €1,745 | €2,710 | ▲ 55.3% |
| Taxes450/3 | €5,062 | €5,279 | €1,745 | €2,710 | ▲ 55.3% |
| Other amounts payable47/48 | €2,619 | €3,155 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,633 | €3,584 | -€3,359 | -€3,665 | ▼ 9.1% |
| Operating cash flow (approximation) | €8,633 | €3,584 | -€3,359 | -€3,665 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€52 | €646 | -€926 | ▼ 243% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€3,665
Net result drops to -€3,665, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 26 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ganshoren · 1 establishment unit since 2020
Ground area
176 m²
Building footprint
64 m²
Volume, LiDAR
487 m³
Parcel 21008A0290/00B004, Brussels · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HAGOS
since 20202.311.934.523
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0290/00B004 | Brussels | 176 m² | 1 · 64 m² | 10.5 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 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
- PROXY CIMETIERE D'IXELLESsubsidiarySourceown accounts 2024100%
According to the 2024 annual accounts of HAGOS and those 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 17,710 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
Founded24-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.