Equity
€22,620 from €207,603 in 2019
Equity fell by 89% in 6 years.
Halfweg
Lifetime
13 annual accounts with figures on one time axispeak €206,104 (2017)
€27,854▲ €28,837
lowest -€86,579 (2023)
€2,821▲ €35,588
peak €207,603 (2019)
€22,620▲ 14.2%
€117,018▼ 6.7%
peak 0.5 FTE (2020)
-not published
Board1 name since 2011
1 directorDaniël Olieslaeger
Documentsfilings and deeds
08-01-202623 days before the deadline
2025micro format
Gross margin from -€983 to €27,854Back to profit: €2,821Registered office moved within Lokeren 03-03Equity from €19,799 to €22,620Cash from €5,319 to €0
Key points
from the 2025 annual accountsChecked score
52
Fair
Financially stronger than 28% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.7%
01-2025: 2.0%▲ +0.3 percentage points vs 12-2024
02-2025: 1.2%▼ -0.8 percentage points vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025lowest value
04-2025: 2.3%▲ +1.1 percentage points vs 03-2025
05-2025: 2.3%● unchanged vs 04-2025
06-2025: 2.3%● unchanged vs 05-2025
07-2025: 2.3%● unchanged vs 06-2025
08-2025: 2.3%● unchanged vs 07-2025
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 2.5%▲ +0.2 percentage points vs 09-2025
11-2025: 2.6%▲ +0.1 percentage points vs 10-2025
12-2025: 2.5%▼ -0.1 percentage points vs 11-2025
01-2026: 2.7%▲ +0.2 percentage points vs 12-2025highest value
02-2026: 1.6%▼ -1.1 percentage points vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 1.6%● unchanged vs 07-2026
09-2026: 1.6%● unchanged vs 08-2026
10-2026: 2.0%▲ +0.4 percentage points vs 09-2026
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.91, cash €0, halved
Sector: Specialised construction activities (NACE 43)
lowers risk
Size: total assets €139,638
Calculation
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 43, micro). It does better than 18% of them on solvency, 10% on liquidity, 22% on profitability and 61% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 4,508 companies had the same profile as Halfweg has now. Each dot stands for 12 companies, two years later.
96.9%
were still trading
1.6%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Halfweg itself is higher: 2.0% within 12 months. It rests on far more data about Halfweg than the profile alone.
Test of the method
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 4,508 companies, not a prediction for Halfweg. 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
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.91 (1.18 in 2024), below 1. Short-term debt is 62.4% and cash 0% of total assets. 83.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
21 days early
2023
2 days early
2022
5 days early
2021
4 days early
2020
2 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0839922010
Registered office moved within Lokeren
New registered office: Doorslaarstraat 117, 9160 Lokeren · Previous registered office: Ledestraat 1, 9180 Lokeren · General meeting of 17-02-2025 · Gazette deed
Company renamed from CARMATT to Halfweg
Change of role: Daniël Olieslaeger, from manager to director · “7.a. voorafgaande lezing verslag bestuursorgaan; 7.b. vervanging van het voorwerp” (deed in Dutch) · General meeting of 18-12-2023 · Gazette deed
Registered office moved from Zelzate to Moerbeke
New registered office: Ledestraat 1, 9180 Moerbeke · Previous registered office: Wachtebekestraat 183, 9060 ZELZATE · General meeting of 30-04-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Halfweg Lokeren | €139,638 | €27,854 | 16.2% | - |
| MFR Tubize | €158,453 | €21,646 | 29.6% | - |
| VERHELLE KURT Ostend | €170,215 | €27,536 | 92.0% | - |
| TOESJ Geraardsbergen | €111,691 | €38,854 | -14.3% | - |
| MUNDO COLOR Forest | €156,824 | €53,027 | 74.3% | - |
| E.S.S.V. Hasselt | €115,189 | €52,243 | -22.8% | - |
| Atelier Jonas Ghent | €127,185 | €62,079 | 58.7% | - |
These companies have the same main activity as Halfweg: design and construction of stages and sets (NACE 90392). They are comparable in size and age: total assets between €112,000 and €170,000, founded between 2007 and 2016.
Official details
Source: KBO- Status
- Active since 30-09-2011Normal situation
- Activity
- Design and construction of stages and setsNACE 90392and 5 others
- Establishment unit
- 2.203.825.8459160 Lokeren, since 04-10-2011
- Financial year end
- 30 June
- Peppol
- Reachable since 11-07-2026
Annual accounts to 30-06-2025
- ≈ €80,000estimated
- €139,638▼ 3.8%
- Filing
- Filed on 08-01-2026, 23 days before the end of the filing period
Insights on Halfweg
Halfweg files the micro format. That format states no turnover. The gross margin fell from €140,051 in 2013 to €27,854 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Halfweg
- What is the company number of Halfweg?
- The company number of Halfweg is 0839.922.010. The VAT number is the same number with BE in front: BE 0839.922.010.
- Where is Halfweg based?
- The registered office is at Doorslaarstraat 117, 9160 Lokeren.Company details
- What does Halfweg do?
- According to the KBO register, the main activity is design and construction of stages and sets (NACE 90392).
- What is the legal form of Halfweg?
- Halfweg is a private limited company (BV).
- When was Halfweg founded?
- Halfweg was founded on 30-09-2011.
- Is Halfweg still active?
- Yes, Halfweg is an active enterprise in the KBO register.
- How many employees does Halfweg have?
- Halfweg had an average of 0.5 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of Halfweg?
- The turnover in financial year 2025 is ≈ €80,000. This figure is estimated from the gross margin of €27,854 and 35 comparable companies (NACE 90). It probably lies between €46,000 and €130,000.
- Is Halfweg profitable?
- In financial year 2025, Halfweg made a profit of €2,821.
- Where can I find the annual accounts of Halfweg?
- Halfweg filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Halfweg due?
- Halfweg must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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