Losses
-€31,846 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
HAL
Overview
Lifetime
2 annual accounts with figures on one time axispeak €31,581 (2025)
€31,581▲ 103%
lowest -€23,890 (2024)
-€7,956▲ €15,934
peak €280,423 (2024)
€272,467▼ 2.8%
€373,728▼ 0.2%
Board4 names since 2006
3 directors and 2 others
Documentsfilings and deeds
26-05-202666 days before the deadline
2025micro format
Gross margin from €15,527 to €31,581Loss of €7,956Cash from €9,420 to €22,845
Key points
from the 2025 annual accountsRestructuring
2024
Merger with LOYAL INVESTMENTS NV. Merger on 26-04-2024.
Position in the sector
-€7,956
Lower net result than 87% of companies in head offices and management consultancy. Sector median €26,448 · 41,229 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,609 companies had the same profile as HAL has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,609 companies, not a prediction for HAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 21-03-2006
Director, since 21-03-2006
Director, since 21-03-2006
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880194034
Merger: HAL takes over LOYAL INVESTMENTS
Changes of role: , and · “1. Het verlenen van advies en begeleiding op het vlak van vorming, training, ontwikkeling, management en…” (deed in Dutch) · Legal-form conversion: from coöperatieve vennootschap met onbeperkte aansprakelijkheid to general partnership · General meeting of 28-03-2024 · Gazette deed
Merger proposal: HAL CVOA takes over LOYAL INVESTMENTS NV
The company holds 1,000 shares of LOYAL INVESTMENTS NV · Board meeting of 28-12-2023 · Gazette deed
Resignation: (director)
General meeting of 10-05-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HAL Evergem | €646,195 | €31,581 | 42.2% | - |
| Montea Management Aalst | €620,233 | €30,405 | 74.4% | - |
| A.R.T. Services Buggenhout | €647,513 | €29,400 | 27.8% | - |
| The Vasa Syndrome Buggenhout | €680,094 | €27,868 | 87.5% | - |
| VASTGOED V.D.S. Dendermonde | €758,177 | €32,762 | 44.2% | - |
| BELSIE Ninove | €730,759 | €32,443 | 12.9% | - |
| G. LIESMONS Beveren-Kruibeke-Zwijndrecht | €527,584 | €28,350 | -2.8% | - |
These companies have the same main activity as HAL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €528,000 and €758,000, founded between 2003 and 2008.
Official details
Source: KBO- Status
- Active since 21-03-2006Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.152.497.0099940 Evergem, since 01-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Annual accounts 2025
- €31,581▲ 103%
- ≈ €92,000estimated
- €7,956▼ 66.7%
- €272,467▼ 2.8%
- €646,195▼ 1.3%
- Filing
- Filed on 26-05-2026, 66 days before the end of the filing period
Insights on HAL
HAL has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €272,467 and a net result of -€7,956.
Its solvency ranks better than 39% of 41,211 sector peers (NACE 70, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-05-2026, 66 days before the deadline€31,581
▲ 103%
-€6,285
▲ €17,409
-€7,956
▲ €15,934
-€331,509
▲ €12,930
42.2%
▼ 0.7 percentage points
0.11
▲ 0.03
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €92,000. Estimated: probably between €55,000 and €130,000.
Balance sheet
balance sheet total €646,195 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
42.2%
Higher than 39% of 41,211 companies in 2025.
0.11
Lower than 95% of 39,782 companies in 2025.
-1.2%
Higher than 16% of 40,303 companies in 2025.
HAL
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
646,195 | 654,947 | |
21/28 |
603,976 | 624,861 | |
22/27 |
603,976 | 624,861 | |
22 |
603,683 | 624,247 | |
24 |
293 | 614 | |
29/58 |
42,220 | 30,085 | |
40/41 |
0 | 1,540 | |
41 |
0 | 1,540 | |
50/53 |
15,256 | 15,138 | |
54/58 |
22,845 | 9,420 | |
490/1 |
4,118 | 3,987 | |
| Balance sheet: equity and liabilities | |||
10/49 |
646,195 | 654,947 | |
10/15 |
272,467 | 280,423 | |
10/11 |
368,000 | 368,000 | |
14 |
-95,533 | -87,577 | |
16 |
- | 0 | |
160/5 |
- | 0 | |
164/5 |
- | 0 | |
17/49 |
373,728 | 374,524 | |
42/48 |
373,728 | 374,524 | |
44 |
560 | 1,195 | |
440/4 |
560 | 1,195 | |
45 |
1,391 | 130 | |
450/3 |
1,391 | 130 | |
47/48 |
371,777 | 373,198 | |
| Income statement | |||
9900 |
31,581 | 15,527 | |
630 |
33,672 | 35,069 | |
640/8 |
4,194 | 4,152 | |
9901 |
-6,285 | -23,693 | |
75/76B |
168 | 135 | |
75 |
168 | 135 | |
65/66B |
398 | 148 | |
65 |
398 | 148 | |
9903 |
-6,514 | -23,706 | |
67/77 |
1,442 | 184 | |
9904 |
-7,956 | -23,890 | |
9905 |
-7,956 | -23,890 | |
| Appropriation of the result | |||
9906 |
-95,533 | -87,577 | |
14P |
-87,577 | -63,687 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 27,388 | 11,375 | ||
| 25,717 | 11,179 | ||
| 12,787 | 16,540 | ||
| 13,425 | - | ||
| -331,509 | -344,438 | ||
| 42.2% | 42.8% | ||
| 0.11 | 0.08 | ||
| 1.37 | 1.34 | ||
| -2.9% | -8.5% | ||
| -1.2% | -3.6% | ||
| 68.82 | 76.91 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €12,787 | €16,540 |
| €33,672 | €35,069 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on HAL
The operating result for 2025 is a loss of €6,285, smaller than the loss of €23,693 in 2024.
Debt's share of the balance-sheet total rises from 57.2% to 57.8%. Equity and debt are lower.
Board & ownership
Board
3 directors, no change since 2024Director (not named in the articles)
since 21-03-2006
term without a fixed end
earlier manager, until 26-04-2024
listed in the 2025 annual accounts, filed on 26-05-2026
Director (not named in the articles)
since 21-03-2006
term without a fixed end
earlier manager, until 26-04-2024
listed in the 2025 annual accounts, filed on 26-05-2026
Director (not named in the articles)
since 21-03-2006
term without a fixed end
earlier manager, until 26-04-2024
listed in the 2025 annual accounts, filed on 26-05-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 26-04-2024
Mandates through the years
4 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Director (not named in the articles)
Director
BoardEarliermandate already running before its first mention
Mandates as a list
-
- Director (not named in the articles), from 21-03-2006 to date
- Manager, until 26-04-2024
-
- Director (not named in the articles), from 21-03-2006 to date
- Manager, until 26-04-2024
-
- Director (not named in the articles), from 21-03-2006 to date
- Manager, until 26-04-2024
-
- Director, until 30-05-2017
Control
Capital
- Contribution
- €368,000
- Source
- deed of 26-04-2024
Articles of association
deed of 26-04-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Het mandaat van een niet-statutair bestuurder is herroepbaar ad nutum bij besluit van de algemene vergadering, zonder dat deze herroeping…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 22 April at 18:00
Capital transactions
Capital over time
- 26-04-2024 Converted to available equity · €368,000
- 16-02-2024 Converted to available equity · €368,000
Network & group
At the same address
Meistraat 31, 9940 Evergem · 2 other companies| Janusz Korczak België vzw
registered office since 15-01-2017 |
founded in 2017 0669.590.010 |
| PROJECTO
registered office since 29-06-2005 |
founded in 2005 0874.783.414 |
Holdings and subsidiaries
1 holdingHoldings 1
- subsidiary100%
Acquisitions and mergers
1 transactionTook over:LOYAL INVESTMENTS NV
Connections & network
3 current directorsThe network starts from the directors of HAL. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
8 events since 2006Board
Capital
Filings
Establishments
20062008201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 66 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0880194034
Annual accounts 2024 filed PDFmicro format · 22 days late
2024
Merger: HAL takes over LOYAL INVESTMENTSChanges of role: , and · “1. Het verlenen van advies en begeleiding op het vlak van vorming, training, ontwikkeling, management en…” (deed in Dutch) · Legal-form conversion: from coöperatieve vennootschap met onbeperkte aansprakelijkheid to general partnership · General meeting of 28-03-202412 points ▸
- General meeting, 28-03-2024
- Legal-form conversion, from coöperatieve vennootschap met onbeperkte aansprakelijkheid to general partnership
- The company holds all the shares of LOYAL INVESTMENTS
- Legal-form conversion, from coöperatieve vennootschap met onbeperkte aansprakelijkheid to private limited company
- Auditor report, 27-03-2024
- Legal-form conversion, from general partnership to private limited company
- Director resignation, (manager)
- Director resignation, (manager)
- Director resignation, (manager)
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- The deed holds 15 more points.
Merger proposal: HAL CVOA takes over LOYAL INVESTMENTS NVThe company holds 1,000 shares of LOYAL INVESTMENTS NV · Board meeting of 28-12-20239 points ▸
- Board meeting, 28-12-2023
- Capital, €30,986.69, 1,000 shares
- Board composition, (director), mentioned twice in the deed
- Board composition, (director), mentioned twice in the deed
- Board composition, (director), mentioned twice in the deed
- The company holds 1,000 shares of LOYAL INVESTMENTS NV
- Incorporation, 21-03-2006
- Capital, €368,000, 368 shares
- Accounting effect, 01-10-2023
- The deed holds 17 more points.
2017
Resignation: (director)General meeting of 10-05-20172 points ▸
- General meeting, 10-05-2017
- Director resignation,
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
HAL was incorporated on 21 March 2006.1 In 2024 the company absorbed LOYAL INVESTMENTS NV by merger.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0880.194.034
- VAT number
- BE 0880.194.034
- Peppol ID
- 0208:0880194034
- Other Peppol ID
- 9925:BE0880194034
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 21-03-2006
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 22 April at 18:00deed of 26-04-2024 (in Dutch)
- Remote participationThe articles set whether shareholders may take part in the meeting remotely.
- “De aandeelhouders kunnen op afstand deelnemen aan de algemene vergadering door middel van een door de vennootschap ter beschikking gesteld…”deed of 26-04-2024 (in Dutch)
- Peppol
- Reachable since 26-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- HAL in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 26-04-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 26-04-2024 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
Codes under NACEBEL 2003
74142
main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1. Het verlenen van advies en begeleiding op het vlak van vorming, training, ontwikkeling, management en constructie; 2. Het geven van…”deed of 26-04-2024 (in Dutch)
13 activities
- 1. Het verlenen van advies en begeleiding op het vlak van vorming, training, ontwikkeling, management en constructie.
- 2. Het geven van ondersteunende activiteiten voor overheidsbesturen. Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enzoverder.
- 3. Algemene audit activiteiten.
- 4. Het uitvoeren van de activiteit van architect. Het doen van technische studiën en ingenieursactiviteiten. Het uitvoeren van studies en verlenen van advies in verband met stedenbouwkundige planning en landschapsarchitectuur. Aannemer in de bouw.
- 5. De samenstelling en het beheer van onroerend vermogen en de huurfinanciering of onroerende leasing van onroerende goederen aan derden, het verwerven door aankoop of anderszins, het verkopen, het huren en het verhuren, het ruilen, het bouwen, het verbouwen, het uitrusten, het aanpassen, het verkavelen, het prospecteren en het uitbaten van onroerende goederen, het stellen van alle handelingen met betrekking tot de aan- en verkoop, de promotie en de verbouwing, het in opstal en erfpacht geven of nemen van onroerende goederen evenals het in vruchtgebruik of concessie nemen van onroerende goederen.
- 6. Het optreden als vastgoedmakelaar, de exploitatie van een immobiliënkantoor en woningbureau, in overeenstemming met de bepalingen van de Wet van 11 februari 2013, met inbegrip van tussenkomsten bij overeenkomsten van leningen, financiering, verzekeringsbemiddelingen van alle risico's en alle administratie en beheerszaken dienaangaande.
- 7. De studie, het verlenen van deskundig advies en de schatting van onroerende goederen, de ontwikkeling, de commercialisering van en de begeleiding van projecten betreffende onroerende goederen, de verkaveling en het tot staat brengen van onroerende goederen door urbanisatie.
- 8. De exploitatie van een bouwonderneming, het oprichten van gebouwen, zowel woningen, kantoren, als nijverheids- en handelsgebouwen, hetzij als bouwheer voor eigen rekening, hetzij als bouwpromotor met het oog op de verkoop, hetzij door coördinatie in de bouw in samenwerking met onderaannemers.
- 9. Aanneming en uitvoering van gebouwen, burgerlijke bouwkunde en waterbouw, zowel ruwbouw, afwerking, technische installaties, omgevingsaanleg, wegenis, infrastructuur, zijnde in opsommende en niet beperkende zin: alle metsel- en betonwerken, slopingswerken, schrijn- en timmerwerken, dak- en zinkwerken, installaties voor centrale verwarming, ventilatie, luchtbehandeling, alle restauratiewerken van monumenten en geklasseerde gebouwen, riolerings-, wegenis en spoorwerken en baggerwerken.
- 10. Het optreden als agent inzake het bemiddelen van verkoop, verzekeringen en kredietverlening met betrekking tot roerende en onroerende goederen en het beheer ervan.
- 11. Het deelnemen in en het waarnemen van bestuursopdrachten, het uitoefenen van mandaten en functies in andere vennootschappen of ondernemingen als bestuursorgaan of als vereffenaar.
- 12. Het beheer van eigen roerend vermogen, inclusief deelnemingen in ondernemingen en vennootschappen, aandelen, obligaties en andere roerende waarden, dit alles voor eigen rekening.
- 13. Het bevorderen van de oprichting van vennootschappen door inbreng, participatie of investering.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Meistraat 31 registered office 9940 Evergem 68201 Renting and operating of own or leased residential real estate, excluding social housing | 01-04-2006 | 2.152.497.009 |
Buildings and parcels at the address
- Ground area
- 1,699 m²
- Buildings
- 245 m²
- Volume, LiDAR
- 849 m³
- Tallest building
- 5.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44066D1314/00A000 | 1,699 m² | 1 · 245 m² | 5.1 m · 1 |