Equity
HAPD paid out €16,231 in dividends. That is 225% of the 2025 profit.
HAPD paid out €16,231 in dividends. That is 225% of the 2025 profit.
The accounts state no turnover.
Of this, €37,445 falls due within a year.
Short-term debts rose from €16,713 to €37,445.
Four of the last ten came late. The 2019 accounts came latest: 73 days after the end of the period.
Higher gross margin than 83% of companies in office administrative support. Sector median €39,341 · 9,685 companies.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 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 82, micro). It does better than 25% of them on solvency, 63% on liquidity, 21% on profitability and 29% 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 31-12-2025.
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).
In July 2024, 4,508 companies had the same profile as HAPD has now. Each dot stands for 12 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HAPD itself is lower: < 0.1% within 12 months. It rests on far more data about HAPD than the profile alone.
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 HAPD. 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 ample, with a current ratio of 3.8 (7.33 in 2024), above the usual 1.5. Short-term debt is 5.2% and cash 14.8% of total assets. However, 83.3% of the assets are financed with debt and provisions.
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 7 accounts on average on the deadline day. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HAPD Houthalen-Helchteren | €720,833 | €125,666 | 16.7% | - |
| BW Blom Consulting & Trading Lommel | €784,267 | €107,731 | 62.1% | - |
| EASING TECHNOLOGY CENTER Beringen | €891,118 | €115,335 | 10.1% | - |
| BW GROEP Genk | €819,808 | €135,980 | 20.7% | 0.9 |
| BIOSKILLS De Haan | €713,926 | €129,104 | 52.9% | - |
| Morus Zedelgem | €659,491 | €131,366 | 62.8% | - |
| DRIEWERF CONSULTING & MANAGEMENT Kaprijke | €800,178 | €126,050 | 43.2% | - |
These companies have the same main activity as HAPD: other business support services (NACE 82990). They are comparable in size and age: total assets between €659,000 and €891,000, founded between 2012 and 2015.
HAPD files the micro format. That format states no turnover. The gross margin rose from €72,982 in 2014 to €125,666 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €150,000 and €260,000.
Higher than 24% of 9,696 companies in 2025.
Higher than 73% of 9,314 companies in 2025.
Higher than 26% of 9,438 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
720,833 | 713,394 | 709,976 | 708,614 | 702,135 | 702,988 | 700,908 | 699,148 | 687,661 | 713,956 | 688,442 | 555,438 | |
20 |
- | - | - | - | - | - | - | - | 662 | 1,324 | 1,986 | 2,648 | |
21/28 |
578,638 | 590,929 | 603,219 | 615,510 | 628,575 | 641,834 | 655,826 | 665,753 | 678,954 | 692,155 | 655,516 | 529,548 | |
22/27 |
578,638 | 590,929 | 603,219 | 615,510 | 628,575 | 641,834 | 655,826 | 665,753 | 678,954 | 692,155 | 653,530 | 526,899 | |
22 |
578,638 | 590,929 | 603,219 | 615,510 | 627,801 | 640,092 | 652,383 | 664,673 | 676,964 | 689,255 | 653,080 | 525,999 | |
23 |
- | - | - | 0 | 234 | 527 | 879 | - | - | - | - | - | |
24 |
- | - | - | 0 | 540 | 1,215 | 2,564 | 1,079 | 1,990 | 2,900 | 450 | 900 | |
29/58 |
142,195 | 122,466 | 106,756 | 93,104 | 73,560 | 61,154 | 45,082 | 33,396 | 8,045 | 20,477 | 32,926 | 25,890 | |
40/41 |
24,855 | 9,103 | 15,014 | 11,473 | 8,436 | 1,915 | 1,649 | 7,396 | 7,383 | 8,959 | 880 | 706 | |
40 |
16,843 | 2,719 | 13,612 | 9,820 | 6,783 | 1,915 | 1,649 | 7,396 | 7,383 | 8,834 | 880 | 706 | |
41 |
8,011 | 6,384 | 1,402 | 1,653 | 1,653 | - | - | - | - | 124 | - | - | |
54/58 |
106,793 | 111,052 | 89,536 | 79,772 | 63,210 | 59,239 | 42,999 | 24,874 | 662 | 11,258 | 32,046 | 22,200 | |
490/1 |
10,547 | 2,310 | 2,206 | 1,859 | 1,913 | - | 433 | 1,126 | - | 260 | - | 2,984 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
720,833 | 713,394 | 709,976 | 708,614 | 702,135 | 702,988 | 700,908 | 699,148 | 687,661 | 713,956 | 688,442 | 555,438 | |
10/15 |
120,393 | 129,396 | 123,961 | 118,544 | 110,712 | 108,019 | 102,313 | 96,330 | 87,550 | 87,315 | 79,647 | 80,602 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
100 |
- | - | - | - | - | - | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
13 |
20,393 | 29,396 | 23,961 | 18,544 | 10,712 | 8,019 | 2,313 | - | - | - | - | - | |
133 |
20,393 | 29,396 | 23,961 | 18,544 | 10,712 | 8,019 | 2,313 | - | - | - | - | - | |
14 |
0 | 0 | - | - | - | - | - | -3,670 | -12,450 | -12,685 | -20,353 | -19,398 | |
17/49 |
600,439 | 583,999 | 586,015 | 590,070 | 591,423 | 594,970 | 598,594 | 602,818 | 600,111 | 626,641 | 608,795 | 474,836 | |
17 |
539,372 | 544,344 | 549,086 | 553,297 | 558,250 | 563,097 | 588,094 | 592,736 | 590,583 | 617,213 | 600,919 | 464,481 | |
170/4 |
539,372 | 544,344 | 549,086 | 553,297 | 558,250 | 563,097 | 588,094 | 592,736 | 590,583 | 617,213 | 600,919 | 464,481 | |
42/48 |
37,445 | 16,713 | 13,445 | 14,053 | 10,669 | 10,159 | 10,500 | 10,082 | 9,528 | 9,428 | 7,714 | 9,842 | |
42 |
5,086 | 4,855 | 4,635 | 4,953 | 4,847 | 4,743 | 4,275 | 4,550 | 4,446 | 4,351 | 4,243 | 4,167 | |
44 |
4,776 | 1,935 | 1,423 | 1,553 | 194 | 1,186 | 1,069 | 1,485 | 1,191 | 1,035 | 197 | 605 | |
440/4 |
4,776 | 1,935 | 1,423 | 1,553 | 194 | 1,186 | 1,069 | 1,485 | 1,191 | 1,035 | 197 | 605 | |
45 |
10,124 | 7,726 | 7,387 | 7,548 | 5,628 | 4,229 | 5,156 | 4,046 | 3,892 | 4,042 | 3,274 | 5,070 | |
450/3 |
969 | 116 | 0 | 689 | 0 | 142 | 1,136 | - | - | - | - | - | |
454/9 |
9,155 | 7,610 | 7,387 | 6,859 | 5,628 | 4,087 | 4,020 | 4,046 | 3,892 | 4,042 | 3,274 | 5,070 | |
47/48 |
17,459 | 2,198 | - | - | - | - | - | - | - | - | - | - | |
492/3 |
23,622 | 22,941 | 23,484 | 22,719 | 22,504 | 21,713 | - | - | - | - | 162 | 514 | |
| Income statement | |||||||||||||
9900 |
125,666 | 110,149 | 102,721 | 100,887 | 77,938 | 82,164 | 81,046 | 81,391 | 70,416 | 77,544 | 60,945 | 72,982 | |
62 |
76,461 | 60,053 | 56,549 | 51,451 | 35,784 | 34,103 | 34,163 | 33,255 | 30,761 | 30,061 | 30,114 | 46,401 | |
630 |
12,291 | 12,291 | 12,291 | 13,065 | 13,259 | 13,992 | 14,766 | 13,863 | 13,863 | 14,313 | 12,632 | 10,112 | |
640/8 |
3,802 | 3,691 | 3,565 | 3,264 | 3,199 | 3,203 | 2,908 | 3,440 | 3,455 | 2,949 | 2,348 | 3,198 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 8,500 | |
9901 |
33,113 | 34,115 | 30,316 | 33,107 | 25,696 | 30,867 | 29,209 | 30,833 | 22,337 | 30,221 | 15,851 | 13,271 | |
75/76B |
0 | 0 | 3 | 7 | 0 | 5 | 0 | 2 | 184 | 19 | 20 | 29 | |
75 |
0 | 0 | 3 | 7 | 0 | 5 | 0 | 2 | 184 | 19 | 20 | 29 | |
65/66B |
22,511 | 22,752 | 22,304 | 21,593 | 21,656 | 22,524 | 22,091 | 22,055 | 22,286 | 22,583 | 16,820 | 24,192 | |
65 |
22,511 | 22,752 | 22,304 | 21,593 | 21,656 | 22,524 | 22,091 | 22,055 | 22,286 | 22,583 | 16,820 | 24,192 | |
9903 |
10,602 | 11,364 | 8,015 | 11,521 | 4,039 | 8,348 | 7,119 | 8,780 | 235 | 7,657 | -950 | -19,391 | |
67/77 |
3,373 | 3,616 | 2,598 | 3,689 | 1,347 | 2,642 | 1,136 | - | - | -10 | 5 | 7 | |
9904 |
7,228 | 7,748 | 5,417 | 7,832 | 2,693 | 5,705 | 5,983 | 8,780 | 235 | 7,667 | -955 | -19,398 | |
9905 |
7,228 | 7,748 | 5,417 | 7,832 | 2,693 | 5,705 | 5,983 | 8,780 | 235 | 7,667 | -955 | -19,398 | |
| Appropriation of the result | |||||||||||||
9906 |
7,228 | 7,748 | 5,417 | 7,832 | 2,693 | 5,705 | 2,313 | -3,670 | -12,450 | -12,685 | -20,353 | -19,398 | |
791/2 |
16,231 | 2,313 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
7,228 | 7,748 | 5,417 | 7,832 | 2,693 | 5,705 | 2,313 | - | - | - | - | - | |
6921 |
7,228 | 7,748 | 5,417 | 7,832 | 2,693 | 5,705 | 2,313 | - | - | - | - | - | |
694/7 |
16,231 | 2,313 | - | - | - | - | - | - | - | - | - | - | |
694 |
16,231 | 2,313 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
1.5 | 1.5 | 1.5 | 1.5 | - | 1 | 1 | 1 | 1 | 1.2 | 1.1 | 1.3 | |
Hours worked1013 |
2,619 | 2,691 | 2,679 | 2,648 | - | 1,763 | 1,854 | 1,875 | 1,942 | 1,917 | 1,859 | 2,295 | |
| Document | |||||||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-07-2026 | 2026-00313454 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00252954 | |
| 31-12-2023 | micro format | 24-06-2024 | 2024-00183829 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00288849 | |
| 31-12-2021 | micro format | 05-07-2022 | 2022-20167072 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-56000441 | |
| 31-12-2019 | abbreviated format | 12-10-2020 | 2020-60600147 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-53500387 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-54900222 | |
| 31-12-2016 | abbreviated format | 20-07-2017 | 2017-33000249 | |
| 31-12-2015 | abbreviated format | 27-08-2016 | 2016-48000182 | |
| 31-12-2014 | abbreviated format | 25-06-2015 | 2015-20700272 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45,404 | 46,406 | 42,607 | 46,172 | 38,955 | 44,858 | 43,976 | 44,696 | 36,200 | 44,534 | 28,483 | 23,383 | ||
| 19,519 | 20,039 | 17,708 | 20,897 | 15,952 | 19,697 | 20,749 | 22,643 | 14,099 | 21,981 | 11,677 | -9,286 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 4,839 | 662 | 662 | 52,276 | 136,080 | 536,349 | ||
| -4,259 | 21,516 | 9,764 | 16,562 | 3,971 | 16,240 | 18,126 | 24,211 | -10,596 | -20,788 | 9,846 | - | ||
| 104,749 | 105,753 | 93,311 | 79,050 | 62,890 | 50,995 | 34,582 | 23,314 | -1,483 | 11,049 | 25,212 | 16,048 | ||
| 16.7% | 18.1% | 17.5% | 16.7% | 15.8% | 15.4% | 14.6% | 13.8% | 12.7% | 12.2% | 11.6% | 14.5% | ||
| 3.80 | 7.33 | 7.94 | 6.63 | 6.89 | 6.02 | 4.29 | 3.31 | 0.84 | 2.17 | 4.27 | 2.63 | ||
| 4.99 | 4.51 | 4.73 | 4.98 | 5.34 | 5.51 | 5.85 | 6.26 | 6.85 | 7.18 | 7.64 | 5.89 | ||
| 6.0% | 6.0% | 4.4% | 6.6% | 2.4% | 5.3% | 5.8% | 9.1% | 0.3% | 8.8% | -1.2% | -24.1% | ||
| 1.0% | 1.1% | 0.8% | 1.1% | 0.4% | 0.8% | 0.9% | 1.3% | 0.0% | 1.1% | -0.1% | -3.5% | ||
| 2.02 | 2.04 | 1.91 | 2.14 | 1.80 | - | - | - | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 |
| full-time | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1.5 | 1.5 | 1.5 | 1.5 |
| 1.5 | 1.5 | 1.5 | 1.5 | |
| On a permanent contract | 2 | 2 | 2 | 2 |
| Joined | - | - | - | 2 |
| Left | - | - | - | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €0 | - | - | - | - |
| €12,291 | €12,291 | €12,291 | €13,065 | €13,259 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total rises from 81.9% to 83.3%. Equity is lower and debt is higher.
HAPD has no parent and no holdings in its annual accounts. HAPD shares no director with another company.
| GRAPHOS
registered office since 01-04-2006 · founded in 2006 |
total assets €3.0m (2025) 0879.637.075 |
| VANROMPAY YANNI DR.
establishment since 23-07-2020 · founded in 2020 |
total assets €180,631 (2026) 0750.923.124 |
| DOKTERSPRAKTIJK DROOG AGNES
establishment since 17-01-2017 · founded in 2017 |
total assets €151,843 (2025) 0669.697.106 |
| Vereniging van Mede-eigenaars Residentie de Cashoeven (II) te 3530 Houthalen-Helchteren,Dorpsstraat 33
registered office since 01-08-1995 |
founded in 1995 0500.634.123 |
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Dorpsstraat 33 registered office 3530 Houthalen-Helchteren | 13-06-2013 | 2.220.095.715 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72015C0039/00N000 | 184 m² | 1 · 187 m² | 14.9 m · 4 |
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