HALPACO
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed 134 days after the deadline Filed on 12 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00581889.
Annual accounts 2024 filed on 12-12-2025 PDF all 32 filings
Turnover
€53,297
EBIT margin
2.3%
Net result
-€3,199
2023 · €712
Working capital
€207,264▼ 1.5%
2023 · €210,463
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 5.2 times that of 2023 and the highest since 2020. It is a recovery after the fall in 2023.
Operating result€6,346
2024
Net result-€3,199
2024
Total assets€302,219
2024
Equity€184,264
2024
Debt€35,455
2024
Working capital€207,264
2024
Return on assets (ROA)-1.1%
2024
Solvency61.0%
2024
Current ratio6.85
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€53,297
Operating result€343,378-€4,270▼ 98.8%€3,230▼ 24.4%€3,172▼ 1.8%€2,477▼ 21.9%€1,218▼ 50.8%€6,346▲ 421%
Net result€107,190-€543▼ 99.5%€1,747within the sector's middle half▲ 222%€148within the sector's middle half▼ 91.6%€546within the sector's middle half▲ 270%€712within the sector's middle half▲ 30.3%-€3,199below the sector's middle half
EBIT margin2.3%
Equity€183,768-€184,311▲ 0.3%€186,058above the sector's middle half▲ 0.9%€186,205above the sector's middle half▲ 0.1%€186,751above the sector's middle half▲ 0.3%€187,463above the sector's middle half▲ 0.4%€184,264above the sector's middle half▼ 1.7%
Total assets€357,400-€327,016▼ 8.5%€326,405above the sector's middle half▼ 0.2%€289,797within the sector's middle half▼ 11.2%€288,471within the sector's middle half▼ 0.5%€292,854above the sector's middle half▲ 1.5%€302,219above the sector's middle half▲ 3.2%
Debt€54,846-€51,204▼ 6.6%€48,846▼ 4.6%€28,591▼ 41.5%€26,719▼ 6.5%€22,891▼ 14.3%€35,455▲ 54.9%
Working capital€242,010-€215,529▼ 10.9%€217,536above the sector's middle half▲ 0.9%€201,706above the sector's middle half▼ 7.3%€202,252above the sector's middle half▲ 0.3%€210,463above the sector's middle half▲ 4.1%€207,264above the sector's middle half▼ 1.5%
Solvency51.4%-56.4%▲ 4.9pp57.0%within the sector's middle half▲ 0.6pp64.3%above the sector's middle half▲ 7.3pp64.7%above the sector's middle half▲ 0.5pp64.0%within the sector's middle half▼ 0.7pp61.0%within the sector's middle half▼ 3.0pp
Current ratio5.41-5.21▼ 0.205.45above the sector's middle half▲ 0.248.05above the sector's middle half▲ 2.608.57above the sector's middle half▲ 0.5110.19above the sector's middle half▲ 1.626.85above the sector's middle half▼ 3.35
Return on assets (ROA)30.0%-0.2%▼ 29.8pp0.5%within the sector's middle half▲ 0.4pp0.1%below the sector's middle half▼ 0.5pp0.2%below the sector's middle half▲ 0.1pp0.2%within the sector's middle half▲ 0.1pp-1.1%below the sector's middle half▼ 1.3pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €302,219
Fixed assets
€59,500 =
Current assets
€242,719 ▲ 4.0%
Equity and liabilities €302,219
Equity
€184,264 ▼ 1.7%
Provisions
€82,500 =
Debt
€35,455 ▲ 54.9%
Debt's share of the balance-sheet total rises from 7.8% to 11.7%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.19▲
2023 · 0.12
ROE
-1.7%▼
2023 · 0.4%
Debt ≤ 1 year
€35,455▲
2023 · €22,891
Supplier credit
166 days▲
2023 · 61 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €53,297 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €27,853 | €8,676 | €43,995 | €26,793 | ▼ 39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €443 | €261 | €261 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€4,000 | -€2,264 | €2,475 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€12,500 | €4,500 | €7,499 | - | - |
| Other operating charges640/8 | - | - | - | €101 | €5,981 | €2,848 | €36,455 | ▲ 13× |
| Non-recurring operating charges66A | - | - | - | €522 | - | - | - | - |
| Gross operating margin9900 | €563,948 | -€2,539 | €3,591 | -€8,705 | €8,958 | €9,301 | €45,275 | ▲ 387% |
| Operating profit (loss)9901 | €343,378 | €4,270 | €3,230 | €3,172 | €2,477 | €1,218 | €6,346 | ▲ 421% |
| Financial income75/76B | - | - | - | €8 | - | €225 | €41 | ▼ 81.8% |
| Recurring financial income75 | €130 | €31 | €471 | €8 | - | €225 | €41 | ▼ 81.8% |
| Financial charges65/66B | - | - | - | €2,729 | €1,931 | €731 | €9,586 | ▲ 13× |
| Recurring financial charges65 | €37,010 | €3,759 | €1,954 | €2,729 | €1,931 | €731 | €9,586 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | €107,190 | €543 | €1,747 | €450 | €546 | €712 | -€3,199 | - |
| Income taxes67/77 | - | - | - | €303 | - | - | - | - |
| Profit (loss) for the period9904 | €107,190 | €543 | €1,747 | €148 | €546 | €712 | -€3,199 | - |
| Profit (loss) for the period to be appropriated9905 | €107,190 | €543 | €1,747 | €148 | €546 | €712 | -€3,199 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €357,400 | €327,016 | €326,405 | €289,797 | €288,471 | €292,854 | €302,219 | ▲ 3.2% |
| Fixed assets21/28 | €60,544 | €60,283 | €60,022 | €59,500 | €59,500 | €59,500 | €59,500 | = |
| Tangible fixed assets22/27 | €60,544 | €60,283 | €60,022 | €59,500 | €59,500 | €59,500 | €59,500 | = |
| Land and buildings22 | - | - | - | €59,500 | €59,500 | €59,500 | €59,500 | = |
| Current assets29/58 | €296,856 | €266,733 | €266,382 | €230,297 | €228,971 | €233,354 | €242,719 | ▲ 4.0% |
| Stocks and contracts in progress3 | €478 | €478 | €478 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €289,130 | €265,301 | €265,271 | €226,948 | €228,669 | €232,990 | €242,719 | ▲ 4.2% |
| Trade receivables40 | - | - | - | €842 | €7,047 | €11,351 | €22,740 | ▲ 100% |
| Other amounts receivable41 | - | - | - | €226,106 | €221,622 | €221,639 | €219,979 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €7,248 | €953 | €475 | €3,350 | €302 | €364 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €357,400 | €327,016 | €326,405 | €289,797 | €288,471 | €292,854 | €302,219 | ▲ 3.2% |
| Equity10/15 | €183,768 | €184,311 | €186,058 | €186,205 | €186,751 | €187,463 | €184,264 | ▼ 1.7% |
| Contributions10/11 | €638,648 | €638,648 | €638,648 | €638,648 | €638,648 | €638,648 | €638,648 | = |
| Capital10 | - | - | - | €638,648 | €638,648 | €638,648 | €638,648 | = |
| Issued capital100 | - | - | - | €638,648 | €638,648 | €638,648 | €638,648 | = |
| Reserves13 | €134,524 | €134,524 | €134,524 | €134,524 | €134,524 | €134,524 | €134,524 | = |
| Non-distributable reserves130/1 | - | - | - | €10,169 | €10,169 | €10,169 | €10,169 | = |
| Legal reserve130 | - | - | - | €7,662 | €7,662 | €7,662 | €7,662 | = |
| Reserves not available under the articles1311 | - | - | - | €2,507 | €2,507 | €2,507 | €2,507 | = |
| Tax-exempt reserves132 | - | - | - | €11,174 | €11,174 | €11,174 | €11,174 | = |
| Distributable reserves133 | - | - | - | €113,181 | €113,181 | €113,181 | €113,181 | = |
| Profit (loss) carried forward14 | -€589,404 | -€588,861 | -€587,114 | -€586,967 | -€586,421 | -€585,709 | -€588,908 | ▼ 0.5% |
| Provisions and deferred taxes16 | €118,786 | €91,501 | €91,501 | €75,001 | €75,001 | €82,500 | €82,500 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €75,001 | €75,001 | €82,500 | €82,500 | = |
| Pensions and similar obligations160 | - | - | - | €75,001 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €75,001 | €82,500 | €82,500 | = |
| Amounts payable17/49 | €54,846 | €51,204 | €48,846 | €28,591 | €26,719 | €22,891 | €35,455 | ▲ 54.9% |
| Amounts payable within one year42/48 | €54,846 | €51,204 | €48,846 | €28,591 | €26,719 | €22,891 | €35,455 | ▲ 54.9% |
| Financial debts43 | - | - | - | - | €889 | €10 | €344 | ▲ 34× |
| Credit institutions430/8 | - | - | - | - | €889 | €10 | €344 | ▲ 34× |
| Trade debts44 | €30,089 | €5,636 | €5,586 | €3,484 | €6,633 | €7,409 | €12,187 | ▲ 64.5% |
| Suppliers440/4 | - | - | - | €3,484 | €6,633 | €7,409 | €12,187 | ▲ 64.5% |
| Other amounts payable47/48 | - | - | - | €25,107 | €19,198 | €15,472 | €22,925 | ▲ 48.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €107,190 | €543 | €1,747 | €148 | €546 | €712 | -€3,199 | - |
| + Depreciation and write-downs630 | €443 | €261 | €261 | - | - | - | - | - |
| Operating cash flow (approximation) | €107,633 | €804 | €2,008 | €148 | €546 | €712 | -€3,199 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €522 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,295 | -€479 | €2,875 | -€3,048 | €62 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 12-12-2025 | 2025-00581889 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00442795 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00338791 | |
| 31-12-2021 | micro format | 23-08-2022 | 2022-20312345 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-60400518 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57200050 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-58200047 | |
| 31-12-2017 | abbreviated format | 29-08-2018 | 2018-54200384 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-37800506 | |
| 31-12-2015 | abbreviated format | 29-07-2016 | 2016-37600165 |