HAPEC
ActiveHAPEC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €11k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-18
Solvency62▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.05 in 2024), and 50% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50%
Return on assets
3.4%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 02-10-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
27 d early
2023
33 d early
2022
32 d early
2021
3 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close05-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€167k▼ 13.0%
2024 · €192k
2022: €145k
2023: €172k
2024: €192k
2022 → 2025
Total assets
€335k▲ 3.4%
2024 · €323k
2022: €331k
2023: €326k
2024: €323k
2022 → 2025
Net result
€11k▼ 43.3%
2024 · €20k
2022: €21k
2023: €27k
2024: €20k
2022 → 2025
Working capital
€-122k▼ 49.2%
2024 · €-82k
2022: €-141k
2023: €-131k
2024: €-82k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€145k-€172k▲ 18.7%€192k▲ 11.7%€167k▼ 13.0%
Operating result€38k-€44k▲ 15.6%€35k▼ 20.0%€19k▼ 47.0%
Net result€21k-€27k▲ 30.8%€20k▼ 25.7%€11k▼ 43.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 47% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335k
Fixed assets
€317k▼ 0.7%
Current assets
€17k▲ 326%
Equity and liabilities €335k
Equity
€167k▼ 13.0%
Debt
€167k▲ 27.4%
The debt ratio rises from 40.6% to 50.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€21k▼
2024 · €39k
Cash flow
€14k▼
2024 · €23k
Solvency
50.0%▼
2024 · 59.4%
Current ratio
0.12▲
2024 · 0.05
Quick ratio
0.12▲
2024 · 0.05
Debt / equity
1.00▲
2024 · 0.68
ROE
6.8%▼
2024 · 10.5%
ROA
3.4%▼
2024 · 6.2%
Interest coverage
5.83▼
2024 · 7.96
Debt
€167k▲
2024 · €131k
Debt ≤ 1 year
€140k▲
2024 · €86k
Debt > 1 year
€27k▼
2024 · €43k
Income taxes
€4k▼
2024 · €10k
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
Total assets
20/58€323k€335k▲
Fixed assets
21/28€319k€317k▼
Intangible fixed assets
21€0€0=
Tangible fixed assets
22/27€2k€0▼
Financial fixed assets
28€317k€317k=
Current assets
29/58€4k€17k▲
Amounts receivable within one year
40/41€3k€6k▲
Cash & bank
54/58€33€65▲
Total equity & liabilities
10/49€323k€335k▲
Equity
10/15€192k€167k▼
Contributions / capital
10/11€6k€6k=
Reserves
13€186k€161k▼
Amounts payable
17/49€131k€167k▲
Amounts payable after one year
17€43k€27k▼
Amounts payable within one year
42/48€86k€140k▲
Trade debts payable within one year
44€5k€5k▲
Income statement
Code20242025
Gross operating margin
9900€39k€22k▼
Operating result
9901€35k€19k▼
Financial charges
65€5k€4k▼
Result before taxes
9903€31k€15k▼
Income taxes
67/77€10k€4k▼
Net result for the period
9904€20k€11k▼
Result to be appropriated
9905€20k€11k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €11k ▼43.3%
Net result drops to €11k, the lowest in the series.
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2022net €27k ▲30.8%
Operating result €44k, net result €27k, both a record.
31-03
Financial
Equity above €150kEq €172k ▲18.7%
2 profitable years in a row build equity to €172k.
08-02
State Gazette act
Director changes
Liesbeth Muller
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
06-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 director, last change in 2023
Hugo Anné
CurrentDirector · since 08-02-2023
08-02-2023
Appointed as Director
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2009
Ground area
1,153 m²
Building footprint
122 m²
Volume, LiDAR
644 m³
Parcel 46002B1551/00S000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HAPEC
since 20092.181.261.269
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002B1551/00S000 | Flanders | 1,153 m² | 1 · 122 m² | 9.9 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.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
IMMO DOVAN
BE 0473.240.630
Ichtegem · Eq €167k
FEBJ
BE 0507.626.734
Charleroi · Eq €167k
Christine Godschalk
BE 0663.827.715
Kasterlee · Eq €167k
BRW conseil
BE 0831.715.909
Rochefort · Eq €167k
Dressed with style
BE 0893.401.276
Nijlen · Eq €167k
Of 82,118 companies in sector 70200 we hold annual accounts for 51,404. 40,096 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2009
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 11-08-2026. Scores and ratios are computed by Checked and are not a credit decision.