HAP-invest
ActiveHAP-invest is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €521k and a net result of €32k. Equity is shrinking by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 5495 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €521k
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
5 d early
2022
11 d early
2021
48 d early
2020
39 d early
2019
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€521k▲ 109%
2024 · €249k
2019: €1.83M
2020: €1.97M
2021: €2.09M
2022: €859k
2023: €245k
2024: €249k
2019 → 2025
Net result
€32k▲ 709%
2024 · €4k
2019: €155k
2020: €136k
2021: €123k
2022: €7.41M
2023: €-4k
2024: €4k
2019 → 2025
Total assets
€1.40M▲ 454%
2024 · €252k
2019: €2.45M
2020: €2.45M
2021: €2.45M
2022: €865k
2023: €255k
2024: €252k
2019 → 2025
Solvency
37.3%▼ 61.4pp
2024 · 98.6%
2019: 74.9%
2020: 80.2%
2021: 85.2%
2022: 99.3%
2023: 96.1%
2024: 98.6%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€180k-
Equity€2.09M-€859k▼ 58.9%€245k▼ 71.5%€249k▲ 1.6%€521k▲ 109%
Operating result€174k-€-12k€-4k▲ 64.1%€4k€93k▲ 2,174%
Net result€123k-€7.41M▲ 5,933%€-4k€4k€32k▲ 709%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2,174% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€1.27M
Current assets
€129k
Equity and liabilities €1.40M
Equity
€521k▲ 109%
Debt
€877k▲ 25,245%
The debt ratio rises from 1.4% to 62.7%: debt grows faster than equity.
Key figures and ratios
Solvency
37.3%▼
2024 · 98.6%
ROE
6.2%▲
2024 · 1.6%
ROA
2.3%▲
2024 · 1.6%
Debt
€877k▲
2024 · €3k
Debt ≤ 1 year
€90k▲
2024 · €3k
Debt > 1 year
€786k
Income taxes
€17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€252k€1.40M▲
Fixed assets21/28-€1.27M
Tangible fixed assets22/27-€19k
Furniture and vehicles24-€19k
Financial fixed assets28-€1.25M
Current assets29/58€252k€129k▼
Amounts receivable within one year40/41-€51k
Trade receivables40-€51k
Cash at bank and in hand54/58€252k€57k▼
Deferred charges and accrued income490/1-€21k
Equity and liabilities
Total equity and liabilities10/49€252k€1.40M▲
Equity10/15€249k€521k▲
Contributions10/11€232k€476k▲
Reserves13€17k€45k▲
Distributable reserves133€17k€45k▲
Profit (loss) carried forward14€-510-
Amounts payable17/49€3k€877k▲
Amounts payable after more than one year17-€786k
Financial debts170/4-€786k
Amounts payable within one year42/48€3k€90k▲
Current portion of amounts payable after more than one year42-€57k
Trade debts44-€4k
Suppliers440/4-€4k
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Other amounts payable47/48€1k€22k▲
Accrued charges and deferred income492/3€500€822▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€714
Other operating charges640/8€1k€1k▼
Gross operating margin9900€5k€95k▲
Operating profit (loss)9901€4k€93k▲
Financial income75/76B-€889
Recurring financial income75-€889
Financial charges65/66B€120€45k▲
Recurring financial charges65€120€45k▲
Profit (loss) for the period before taxes9903€4k€49k▲
Income taxes67/77-€17k
Profit (loss) for the period9904€4k€32k▲
Profit (loss) for the period to be appropriated9905€4k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-510€32k▲
Profit (loss) brought forward from the previous period14P€-4k€-510▲
Transfer from equity791/2-€4k
Transfer to equity691/2-€32k
To other reserves6921-€32k
Profit to be distributed694/7-€4k
Return on contributions (dividend)694-€4k
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Equity above €500kEq €521k ▲109%
2 profitable years in a row build equity to €521k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 85.26
Current ratio from 25.50 to 85.26; short-term debt falls from €10k to €3k.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €-4k ▼100%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €7.41M ▲5933%
Net result €7.41M, the highest in the series.
30-06
Financial
Liquidity times 352783current ratio 148.92
Current ratio from 0.00 to 148.92; short-term debt falls from €219k to €6k.
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Equity above €2MEq €2.09M ▲6.2%
3 profitable years in a row build equity to €2.09M.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Weertstraat(MAR) 812880 BornemGround area
2,178 m²
Building footprint
270 m²
Volume, LiDAR
1,246 m³
Parcel 12024A0032/00L000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HAP Invest BVBA
since 20132.218.829.171
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12024A0032/00L000 | Flanders | 2,178 m² | 1 · 270 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
P & M
BE 0471.668.537
Damme · Eq €521k
Videofactory
BE 0478.516.935
Schilde · Eq €521k
ShadowMen
BE 0760.925.606
Haacht · Eq €521k
CHATHO IMMO
BE 0521.991.147
Villers-la-Ville · Eq €521k
VALDER
BE 0737.450.121
Aalter · Eq €521k
Of 24,637 companies in sector 64210 we hold annual accounts for 19,690. 13,559 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-2013
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.