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HALTO

Active Private limited companyfounded 2019active for 7 yearsKwaplasstraat 31, 8820 TorhoutKBO/BCE: BE 0730.846.401
HALTO
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Overview

Lifetime

6 annual accounts with figures on one time axis
Gross marginpeak €98,996 (2025)
€98,996▲ 103%
Resultpeak €74,138 (2025)
€74,138▲ 177%
Equitypeak €87,355 (2025)
€87,355▲ 105%
Debts
€21,360▼ 2.1%
Board1 name since 2019
1 directorHallaert Tom
Documentsfilings and deeds
04-05-202688 days before the deadline
2025abbreviated format
Gross margin from €48,753 to €98,996Result from €26,766 to €74,138Dividend €29,412Equity from €42,629 to €87,355Cash from €38,976 to €85,742

Key points

from the 2025 annual accounts

Equity

€87,355 ▲ 105%
42,6292024+74,138Profit-29,412Dividend87,3552025

HALTO paid out €29,412 in dividends. That is 40% of the 2025 profit.

Liquidity

5.16 was 2.98 in 2024

Short-term debts fell from €21,312 to €20,960.

Filings

6 annual accounts since 2020
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 21 to 88 days before the end of the period.

Checked score

99
Excellent
Financially stronger than 93% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

Solvency
100+9equity 80.4% of total assets
Liquidity
94+8short-term debt 19.3% · cash 78.9%
Profitability
100=return on assets 68.2%

Score breakdown

lowers risk
Liquidity: current ratio 5.16, cash €85,742
Sector: Real estate activities (NACE 68)
Equity €87,355 (80.4% of total assets)
Size: total assets €108,715
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 68, micro). It does better than 91% of them on solvency, 93% on liquidity, 95% on profitability and 92% on growth.

The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 26,972 companies had the same profile as HALTO has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of HALTO itself is lower: < 0.1% within 12 months. It rests on far more data about HALTO 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for HALTO. 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 €8,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 5.16 (2.98 in 2024), above the usual 1.5. Short-term debt is 19.3% and cash 78.9% of total assets. 19.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 5.16, cash €85,742
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Equity €87,355 (80.4% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €108,715
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
88 days early
2024
35 days early
2023
68 days early
2022
21 days early
2021
23 days early
2020
26 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 44 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HT
Hallaert Tom
Director, since 18-07-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0730846401
General meeting · Representation rule Gazette deed
Incorporation published on 22-07-2019 · Gazette deed
First establishment Kwaplasstraat 31, Torhout
All 13 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
HALTO Torhout €108,715 €98,996 80.4% -
Koncrete Haacht €107,178 €86,815 47.2% -
TBATSERVICE La Louvière €105,177 €96,102 2.1% -
JOY INVEST Ans €116,127 €67,334 93.8% -
StructurAL Auderghem €122,432 €99,419 0.0% -
3G IMMO Nivelles €95,007 €105,615 56.2% -
HEDOB Tielt €102,744 €91,295 42.5% -

These companies have the same main activity as HALTO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €95,000 and €122,000, founded between 2017 and 2020.

Official details

Source: KBO
Status
Active since 18-07-2019Normal situation
Activity
Development of residential building projectsNACE 68121
Establishment unit
2.291.437.9288820 Torhout, since 18-07-2019
Financial year end
31 December
Peppol
Reachable since 14-09-2025
Company details

Annual accounts 2025

Gross margin
€98,996▲ 103%
Turnover
≈ €240,000estimated
Profit
€74,138▲ 177%
Equity
€87,355▲ 105%
Total assets
€108,715▲ 68.7%
Filing
Filed on 04-05-2026, 88 days before the end of the filing period
Financials

Insights on HALTO

HALTO files the abbreviated format. That format states no turnover. The gross margin rose from €27,763 in 2020 to €98,996 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 04-05-2026, 88 days before the deadline
Gross margin
€98,996
▲ 103%
Operating result
€97,338
▲ 152%
Profit
€74,138
▲ 177%
Working capital
€87,141
▲ 106%
Solvency
80.4%
▲ 14.2 percentage points
Current ratio
5.16
▲ 2.17

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €240,000. Estimated: probably between €130,000 and €510,000.

Balance sheet

balance sheet total €108,715 on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency80.4%

Higher than 85% of 11,288 companies in 2025.

Current ratio5.16

Higher than 84% of 10,839 companies in 2025.

Return on assets68.2%

Higher than 95% of 11,173 companies in 2025.

HALTO Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
Total assets20/58 108,71564,44075,53560,83763,52373,087
Fixed assets21/28 6148779,55420,12731,64343,158
Tangible fixed assets22/27 6148779,55420,12731,64343,158
Plant, machinery and equipment23 6148771,1404967931,090
Furniture and vehicles24 --8,41419,63230,85042,068
Current assets29/58 108,10163,56365,98140,71031,88029,929
Amounts receivable within one year40/41 16,41818,97517,18016,43315,86512,942
Trade receivables40 16,41818,97517,18016,43315,86512,942
Cash at bank and in hand54/58 85,74238,97640,67016,9039,15010,277
Deferred charges and accrued income490/1 5,9405,6128,1317,3746,8656,710
Balance sheet: equity and liabilities
Total equity and liabilities10/49 108,71564,44075,53560,83763,52373,087
Equity10/15 87,35542,62951,78724,60315,77715,301
Contributions10/11 10,00010,00010,00010,00010,00010,000
Reserves13 77,35532,62941,78714,6035,7775,301
Distributable reserves133 77,35532,62941,78714,6035,7775,301
Amounts payable17/49 21,36021,81223,74836,23447,74657,786
Amounts payable after more than one year17 ----10,90025,277
Financial debts170/4 ----10,90025,277
Amounts payable within one year42/48 20,96021,31223,74836,23436,84532,509
Current portion of amounts payable after more than one year42 ---10,90014,37714,200
Trade debts44 6,7547,4477,3377,5376,7766,011
Suppliers440/4 6,7547,4477,3377,5376,7766,011
Taxes, remuneration and social security45 13,64213,68615,91517,79715,69312,298
Taxes450/3 13,64213,68615,91517,79715,69312,298
Other amounts payable47/48 564180496---
Accrued charges and deferred income492/3 400500----
Income statement
Gross operating margin9900 98,99648,75352,11027,62216,22527,763
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 2638,67711,39311,51511,51514,419
Other operating charges640/8 1,3941,3921,1781,0326612,669
Non-recurring operating charges66A --496---
Operating profit (loss)9901 97,33838,68439,04315,0744,04810,675
Financial income75/76B 4140--5
Recurring financial income75 4140--5
Financial charges65/66B 222144156332509987
Recurring financial charges65 222144156332509987
Profit (loss) for the period before taxes9903 97,12138,55438,88714,7423,5399,692
Income taxes67/77 22,98311,78811,7035,9163,0634,391
Profit (loss) for the period9904 74,13826,76627,1848,8264765,301
Profit (loss) for the period to be appropriated9905 74,13826,76627,1848,8264765,301
Appropriation of the result
Profit (loss) to be appropriated9906 74,13826,76627,1848,8264765,301
Transfer from equity791/2 29,41235,924----
Transfer to equity691/2 74,13826,76627,1848,8264765,301
To other reserves6921 74,13826,76627,1848,8264765,301
Profit to be distributed694/7 29,41235,924----
Return on contributions (dividend)694 29,41235,924----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 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 04-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 04-05-2026 2026-00101510 PDF
31-12-2024 abbreviated format 26-06-2025 2025-00182512 PDF
31-12-2023 abbreviated format 24-05-2024 2024-00095582 PDF
31-12-2022 abbreviated format 10-07-2023 2023-00220953 PDF
31-12-2021 abbreviated format 08-07-2022 2022-20163664 PDF
31-12-2020 abbreviated format 05-07-2021 2021-30600189 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
EBITDA 97,60147,36150,43726,59015,56425,094
Cash flow 74,40135,44238,57720,34211,99119,720
Investment in fixed assets (approximation) 001,3160057,577
Change in cash 46,766-1,69423,7677,753-1,127-
Working capital 87,14142,25142,2334,476-4,965-2,580
Solvency 80.4%66.2%68.6%40.4%24.8%20.9%
Current ratio 5.162.982.781.120.870.92
Debt to equity 0.240.510.461.473.033.78
ROE 84.9%62.8%52.5%35.9%3.0%34.6%
ROA 68.2%41.5%36.0%14.5%0.7%7.3%
Interest coverage over 100over 100over 10080.0630.56-

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
Item20252024202320222021
Tangible fixed assets--€1,316--
Depreciation and write-downs of the year€263€8,677€11,393€11,515€11,515

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on HALTO

The operating result for 2025 is 152% higher than in 2024 and the highest since 2020. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 33.8% to 19.6%. Equity is higher and debt is lower.

Board & ownership

Board

1 director
Hallaert Tom
Director
since 18-07-2019
listed in the 2025 annual accounts, filed on 04-05-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Hallaert Tom
Director
Board
Mandates as a list
  • Hallaert Tom
    • Director, from 18-07-2019 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€10,000
Source
2025 annual accounts

Network & group

No group

HALTO has no parent and no holdings in its annual accounts. Hallaert Tom is the only director. HALTO shares no director with another company.

Timeline

Timeline

13 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFabbreviated format · 88 days before the deadline
2025
Highest result from 2020 to 2025 net €74,138 ▲177% The operating result of €97,338 and the net result of €74,138 are both a record.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0730846401
Annual accounts 2024 filed PDFabbreviated format · 35 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 68 days before the deadline
2023
Liquidity more than doubled current ratio 2.78 The current ratio rises from 1.12 to 2.78. Short-term debt falls from €36,234 to €23,748.
General meeting · Representation rule PDFOther provision · Amendment of the articles
Annual accounts 2022 filed PDFabbreviated format · 21 days before the deadline
2022
Annual accounts 2021 filed PDFabbreviated format · 23 days before the deadline
2021
Weakest financial year net €476 ▼91% The net result drops to €476, the lowest from 2020 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFabbreviated format · 26 days before the deadline
2019
Incorporation PDFpublished on 22-07-2019
First establishment Kwaplasstraat 31, Torhout

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

HALTO was incorporated on 18 July 2019 as a private limited company.1 Total assets rose from €73,087 in 2020 to €108,715 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0730.846.401
VAT number
BE 0730.846.401
Peppol ID
0208:0730846401
Other Peppol ID
9925:BE0730846401
Legal form
Private limited company
Status
Active, normal situation
Founded
18-07-2019
Financial year
ends on 31 December
Peppol
Reachable since 14-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
HALTO in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
68121 Development of residential building projects main activity
Codes under NACEBEL 2008
41101 Real estate development main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Kwaplasstraat 31 registered office 8820 Torhout 18-07-2019 2.291.437.928

Buildings and parcels at the address

Ground area
997 m²
Buildings
142 m²
Volume, LiDAR
1,029 m³
Tallest building
10.9 m
Buildings to scale, each on its own parcel
142 m², 10.9 m 142 m², 10.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
31522D1019/00S002997 m² 1 · 142 m² 10.9 m · 2

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0730.846.401

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