Equity
Debts exceed assets in financial year 2024.
Debts exceed assets in financial year 2024.
From profit to loss in 2024, after a profit of €12,806 in 2023.
Of this, €169,475 falls due within a year.
In 2024, 5 people joined and 3 left.
Short-term debts rose from €64,945 to €169,475.
2025 accounts not filed: deadline was 31-07-2026.
The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 63, micro). It does better than 5% of them on solvency, 4% on liquidity, 7% on profitability and 1% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,008 companies had the same profile as HALFF has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HALFF itself: 6.1% within 12 months.
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,008 companies, not a prediction for HALFF. 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.
Liquidity is insufficient, with a current ratio of 0.22 (0.75 in 2023), below 1. Short-term debt is 202.9% and cash 4.3% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 68 days after the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HALFF Rumst | €83,540 | €8,042 | -121.4% | - |
| iThermAI Leuven | €91,181 | €10,172 | 63.2% | - |
| NOLENTUS Juprelle | €101,371 | €7,488 | 51.6% | - |
| MAXENTA Rotselaar | €63,314 | €13,663 | 25.7% | - |
| PharmaPhoto Genk | €66,699 | €9,856 | 11.4% | - |
| Jem Projects Antwerp | €48,136 | €7,936 | 68.3% | - |
| De Groof Projects Oud-Turnhout | €148,968 | €7,140 | 96.8% | - |
These companies have the same main activity as HALFF: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €48,100 and €149,000, founded between 2016 and 2021.
HALFF files the micro format. That format states no turnover. The gross margin fell from €29,534 in 2020 to €8,042 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
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 ≈ €61,000. Estimated: probably between €28,000 and €150,000.
Higher than 5% of 2,217 companies in 2024.
Higher than 5% of 2,123 companies in 2024.
Lower than 95% of 2,144 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2024, 5 people joined and 3 left.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
83,540 | 120,948 | 126,909 | 93,914 | 101,532 | |
21/28 |
46,222 | 72,556 | 76,482 | 83,400 | 93,159 | |
21 |
26,558 | 60,279 | 71,239 | 82,199 | 93,159 | |
22/27 |
15,626 | 8,238 | 5,243 | 1,201 | - | |
24 |
15,626 | 8,238 | 5,243 | 1,201 | - | |
28 |
4,038 | 4,038 | - | - | - | |
29/58 |
37,318 | 48,392 | 50,427 | 10,514 | 8,373 | |
40/41 |
33,698 | 33,037 | 44,856 | 10,468 | 1,452 | |
40 |
33,698 | 33,037 | 44,856 | 10,468 | 1,452 | |
54/58 |
3,620 | 6,887 | 5,570 | 46 | 6,921 | |
490/1 |
- | 8,468 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
83,540 | 120,948 | 126,909 | 93,914 | 101,532 | |
10/15 |
-101,423 | 45,413 | 32,607 | 33,491 | 72,314 | |
10/11 |
62,581 | 62,581 | 62,581 | 62,581 | 62,581 | |
10 |
62,581 | 62,581 | - | - | - | |
100 |
62,581 | 62,581 | - | 62,581 | - | |
14 |
-164,005 | -17,168 | -29,974 | -29,091 | 9,733 | |
17/49 |
184,963 | 75,535 | 94,302 | 60,423 | 29,217 | |
17 |
15,488 | 10,590 | 4,273 | 4,273 | 4,618 | |
170/4 |
15,488 | 10,590 | 4,273 | 4,273 | 4,618 | |
42/48 |
169,475 | 64,945 | 90,029 | 56,151 | 24,600 | |
42 |
6,773 | 3,172 | - | 5,000 | - | |
43 |
15,989 | 9,121 | 16,128 | 8,596 | - | |
430/8 |
15,989 | 9,121 | 16,128 | 8,596 | - | |
44 |
59,650 | 1,251 | 12,869 | 237 | 287 | |
440/4 |
59,650 | 1,251 | 12,869 | 237 | 287 | |
45 |
36,440 | 21,142 | 34,250 | 20,042 | 14,676 | |
450/3 |
14,587 | 12,000 | 34,250 | 20,042 | 14,676 | |
454/9 |
21,853 | 9,142 | - | - | - | |
47/48 |
50,624 | 30,259 | 26,782 | 22,276 | 9,636 | |
| Income statement | ||||||
76A |
2,000 | - | - | - | - | |
9900 |
8,042 | 73,060 | 87,476 | 73,121 | 29,534 | |
62 |
96,023 | 42,348 | 74,494 | 100,016 | 3,018 | |
630 |
9,397 | 13,179 | 11,667 | 11,407 | 16,440 | |
631/4 |
-3,850 | - | - | - | - | |
640/8 |
11,261 | 1,144 | 318 | 75 | 100 | |
66A |
35,400 | - | - | - | - | |
9901 |
-140,189 | 16,390 | 996 | -38,377 | 9,977 | |
75/76B |
13 | 123 | - | - | - | |
75 |
13 | 123 | - | - | - | |
65/66B |
6,521 | 3,707 | 1,879 | 447 | 243 | |
65 |
6,521 | 3,707 | 1,879 | 447 | 243 | |
9903 |
-146,697 | 12,806 | -884 | -38,824 | 9,733 | |
67/77 |
140 | - | - | - | - | |
9904 |
-146,836 | 12,806 | -884 | -38,824 | 9,733 | |
9905 |
-146,836 | 12,806 | -884 | -38,824 | 9,733 | |
| Appropriation of the result | ||||||
9906 |
-164,005 | -17,168 | -29,974 | -29,091 | 9,733 | |
14P |
-17,168 | -29,974 | -29,091 | - | - | |
| Social balance sheet | ||||||
9087 |
3.8 | 1.7 | - | - | - | |
Hours worked1013 |
3,725 | 2,224 | - | - | - | |
| Document | ||||||
The notes to these accounts have 13 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 2024 (PDF), filed on 12-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 12-06-2026 | 2026-00169754 | |
| 31-12-2023 | micro format | 03-06-2025 | 2025-00139001 | |
| 31-12-2022 | micro format | 06-05-2023 | 2023-00081857 | |
| 31-12-2021 | micro format | 17-03-2022 | 2022-07900029 | |
| 31-12-2020 | micro format | 31-05-2021 | 2021-16100027 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -130,792 | 29,568 | 12,663 | -26,970 | 26,416 | ||
| -137,439 | 25,984 | 10,784 | -27,417 | 26,173 | ||
| 14,845 | 9,252 | 4,750 | 1,648 | 109,599 | ||
| -3,267 | 1,317 | 5,524 | -6,875 | - | ||
| -132,158 | -16,553 | -39,603 | -45,636 | -16,227 | ||
| -121.4% | 37.5% | 25.7% | 35.7% | 71.2% | ||
| 0.22 | 0.75 | 0.56 | 0.19 | 0.34 | ||
| - | 1.66 | 2.89 | 1.80 | 0.40 | ||
| - | 28.2% | -2.7% | -115.9% | 13.5% | ||
| -175.8% | 10.6% | -0.7% | -41.3% | 9.6% | ||
| -20.06 | 7.98 | 6.74 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 4 | 2 |
| part-time | 4 | 2 |
| in full-time equivalents | 3 | 1.3 |
| 2.5 | 1.3 | |
| On a permanent contract | 3 | 2 |
| Joined | 5 | 15 |
| Left | 3 | 14 |
Source: social balance sheet in the 2023 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Tangible fixed assets | €14,845 | €5,214 | €4,750 |
| Financial fixed assets | - | €4,038 | - |
| €9,397 | €13,179 | €11,667 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is a loss of €140,189, after a profit of €16,390 in 2023. It is the lowest result since 2020.
Equity is negative. Debt (€184,963) exceeds the balance-sheet total (€83,540).
HALFF has no parent and no holdings in its annual accounts.
| HERBIVET
registered office since 13-03-2018 |
founded in 2018 0691.966.227 |
See the function holders in the KBO register.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Doelhaagstraat 49 registered office 2840 Rumst 43211 General electrical installation work | 01-07-2019 | 2.290.006.187 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11037B0452/00P003 | 343 m² | 1 · 165 m² | 8.8 m · 2 |
If something looks wrong or is missing, please tell us.