HAK CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of HAK CONCEPT is 4.6% (elevated). The 2025 annual accounts show negative equity (-€80,940) and a net result of -€50,048. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 4209 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4▲+4
Solvency1▼-15
Growth32=
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.6 in 2024; short-term debt: 99.5% and cash: 29.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-24.2%
Return on assets
-15%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€80,940
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
23 d early
2024
36 d early
2023
5 d early
2022
4 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€50,048▲ 24.3%
2024 · -€66,112
Working capital
-€157,491▼ 48.1%
2024 · -€106,309
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2022202320242025
Operating result€40,070-€19,884▼ 50.4%-€46,829-€27,179▲ 42.0%
Net result€26,898above the sector's middle half-€3,323within the sector's middle half▼ 87.6%-€66,112below the sector's middle half-€50,048below the sector's middle half▲ 24.3%
Equity€31,898within the sector's middle half-€35,221below the sector's middle half▲ 10.4%-€30,892below the sector's middle half-€80,940below the sector's middle half▼ 162%
Total assets€432,218above the sector's middle half-€399,849below the sector's middle half▼ 7.5%€353,433below the sector's middle half▼ 11.6%€333,854below the sector's middle half▼ 5.5%
Debt€400,319-€364,628▼ 8.9%€384,324▲ 5.4%€414,794▲ 7.9%
Working capital-€52,148--€38,993▲ 25.2%-€106,309▼ 173%-€157,491▼ 48.1%
Solvency7.4%within the sector's middle half-8.8%below the sector's middle half▲ 1.4pp-8.7%below the sector's middle half▼ 17.5pp-24.2%below the sector's middle half▼ 15.5pp
Staff (FTE)5.6-5.5within the sector's middle half▼ 1.8%6.4within the sector's middle half▲ 16.4%6.4within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 €27,179 in 2025 against €46,829 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333,854
Fixed assets
€159,274 ▼ 18.8%
Current assets
€174,580 ▲ 11.0%
Key figures and ratios
EBITDA
€9,678▲
2024 · -€9,144
Cash flow
-€13,191▲
2024 · -€28,428
Current ratio
0.53▼
2024 · 0.60
Quick ratio
0.35▼
2024 · 0.37
Debt to equity
-5.12▲
2024 · -12.44
ROA
-15.0%▲
2024 · -18.7%
Interest coverage
0.42▲
2024 · -0.47
Debt ≤ 1 year
€332,071▲
2024 · €263,611
Debt > 1 year
€82,722▼
2024 · €120,714
Income taxes
€49
Staff costs
€147,569▼
2024 · €184,231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.6% 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 497,058 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 6,035 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €783 | - | - | - |
| Remuneration, social security and pensions62 | €70,350 | €137,142 | €184,231 | €147,569 | ▼ 19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,424 | €37,124 | €37,685 | €36,857 | ▼ 2.2% |
| Other operating charges640/8 | €719 | €1,268 | €2,735 | €2,673 | ▼ 2.3% |
| Non-recurring operating charges66A | - | €100 | €1,463 | €5 | ▼ 99.7% |
| Gross operating margin9900 | €141,563 | €195,518 | €179,285 | €159,924 | ▼ 10.8% |
| Operating profit (loss)9901 | €40,070 | €19,884 | -€46,829 | -€27,179 | ▲ 42.0% |
| Financial income75/76B | - | - | - | €126 | - |
| Recurring financial income75 | - | - | - | €126 | - |
| Financial charges65/66B | €13,172 | €16,561 | €19,284 | €22,946 | ▲ 19.0% |
| Recurring financial charges65 | €13,172 | €16,561 | €19,284 | €22,946 | ▲ 19.0% |
| Profit (loss) for the period before taxes9903 | €26,898 | €3,323 | -€66,112 | -€49,999 | ▲ 24.4% |
| Income taxes67/77 | - | - | - | €49 | - |
| Profit (loss) for the period9904 | €26,898 | €3,323 | -€66,112 | -€50,048 | ▲ 24.3% |
| Profit (loss) for the period to be appropriated9905 | €26,898 | €3,323 | -€66,112 | -€50,048 | ▲ 24.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €432,218 | €399,849 | €353,433 | €333,854 | ▼ 5.5% |
| Fixed assets21/28 | €271,913 | €228,979 | €196,131 | €159,274 | ▼ 18.8% |
| Tangible fixed assets22/27 | €271,913 | €228,979 | €196,131 | €159,274 | ▼ 18.8% |
| Land and buildings22 | €36,647 | €32,636 | €28,625 | €24,615 | ▼ 14.0% |
| Plant, machinery and equipment23 | €227,650 | €191,236 | €164,909 | €133,608 | ▼ 19.0% |
| Furniture and vehicles24 | €7,617 | €5,107 | €2,597 | €1,051 | ▼ 59.5% |
| Current assets29/58 | €160,304 | €170,871 | €157,302 | €174,580 | ▲ 11.0% |
| Stocks and contracts in progress3 | €58,882 | €55,538 | €59,267 | €59,767 | ▲ 0.8% |
| Stocks30/36 | €58,882 | €55,538 | €59,267 | €59,767 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €12,546 | €5,631 | €2,797 | €5,790 | ▲ 107% |
| Trade receivables40 | €6,012 | - | - | - | - |
| Other amounts receivable41 | €6,534 | €5,631 | €2,797 | €5,790 | ▲ 107% |
| Cash at bank and in hand54/58 | €83,296 | €81,460 | €72,391 | €97,223 | ▲ 34.3% |
| Deferred charges and accrued income490/1 | €5,580 | €28,242 | €22,847 | €11,800 | ▼ 48.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €432,218 | €399,849 | €353,433 | €333,854 | ▼ 5.5% |
| Equity10/15 | €31,898 | €35,221 | -€30,892 | -€80,940 | ▼ 162% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | - | - | - | - |
| Issued capital100 | €5,000 | - | - | - | - |
| Outside capital11 | - | €5,000 | €5,000 | €5,000 | = |
| Other1109/19 | - | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €26,898 | €30,221 | -€35,892 | -€85,940 | ▼ 139% |
| Amounts payable17/49 | €400,319 | €364,628 | €384,324 | €414,794 | ▲ 7.9% |
| Amounts payable after more than one year17 | €187,867 | €154,765 | €120,714 | €82,722 | ▼ 31.5% |
| Financial debts170/4 | €187,867 | €154,765 | €120,714 | €82,722 | ▼ 31.5% |
| Amounts payable within one year42/48 | €212,452 | €209,863 | €263,611 | €332,071 | ▲ 26.0% |
| Current portion of amounts payable after more than one year42 | €32,180 | €33,102 | €36,435 | €40,375 | ▲ 10.8% |
| Financial debts43 | €3,166 | €3,166 | - | - | - |
| Credit institutions430/8 | €3,166 | €3,166 | - | - | - |
| Trade debts44 | €158,486 | €159,852 | €188,976 | €245,078 | ▲ 29.7% |
| Suppliers440/4 | €158,486 | €159,852 | €188,976 | €245,078 | ▲ 29.7% |
| Taxes, remuneration and social security45 | €472 | €1,609 | €15,925 | €19,439 | ▲ 22.1% |
| Taxes450/3 | - | - | €1,866 | €191 | ▼ 89.8% |
| Remuneration and social security454/9 | €472 | €1,609 | €14,060 | €19,248 | ▲ 36.9% |
| Other amounts payable47/48 | €18,149 | €12,134 | €22,274 | €27,179 | ▲ 22.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,898 | €3,323 | -€66,112 | -€50,048 | ▲ 24.3% |
| + Depreciation and write-downs630 | €30,424 | €37,124 | €37,685 | €36,857 | ▼ 2.2% |
| Operating cash flow (approximation) | €57,322 | €40,447 | -€28,428 | -€13,191 | ▲ 53.6% |
| Investment in fixed assets (approximation) | - | €5,811 | -€4,837 | €0 | ▲ 100% |
| Change in cash | - | -€1,836 | -€9,069 | €24,832 | ▲ 374% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet -€66,112
Net result drops to -€66,112, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Schaarbeek · 1 establishment unit since 2021
Ground area
729 m²
Building footprint
466 m²
Volume, LiDAR
3,553 m³
2 parcels, Brussels · tallest building 15.5 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
HAK CONCEPT
since 20212.319.631.769
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0032/00L002indicative | Brussels | 385 m² | 1 · 145 m² | 11.1 m · 2 fl. |
| 21908E0011/00M015 | Brussels | 344 m² | 1 · 321 m² | 15.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvere2.319.631.769
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,507 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
Founded28-06-2021
Fiscal year end30-09
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770384490
Also
9925:BE0770384490
Registered
14-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.