HAPER
ActiveSummary
The computed 12-month bankruptcy probability of HAPER is 2.1% (moderate). The 2025 annual accounts show equity of €48,470 and a net result of €2,165. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 34% of 28281 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-51
Solvency57▼-14
Growth69=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 1.65 in 2024; short-term debt: 39.4% and cash: 0.2% of total assets), but 67.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
32.5%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
95 d late
2023
31 d late
2022
30 d late
2021
57 d late
2019
201 d late
2018
233 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 97 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€385,174▲ 7.1%
2022 · €359,775
EBIT margin
0.8%▼ 0.8pp
2022 · 1.6%
Net result
€2,165▼ 90.7%
2024 · €23,246
Working capital
€35,560▲ 1.7%
2024 · €34,975
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€292,388-€359,775▲ 23.0%€385,174▲ 7.1%
Operating result€572-€5,857▲ 924%€3,141▼ 46.4%€24,385▲ 676%€9,204▼ 62.3%
Net result€6,004within the sector's middle half-€257below the sector's middle half▼ 95.7%€798within the sector's middle half▲ 210%€23,246within the sector's middle half▲ 2,811%€2,165within the sector's middle half▼ 90.7%
EBIT margin0.2%-1.6%▲ 1.4pp0.8%▼ 0.8pp
Equity€38,304within the sector's middle half-€38,561within the sector's middle half▲ 0.7%€39,360within the sector's middle half▲ 2.1%€46,305within the sector's middle half▲ 17.6%€48,470within the sector's middle half▲ 4.7%
Total assets€102,458within the sector's middle half-€82,053within the sector's middle half▼ 19.9%€100,534within the sector's middle half▲ 22.5%€100,267within the sector's middle half▼ 0.3%€149,206within the sector's middle half▲ 48.8%
Debt€64,154-€43,491▼ 32.2%€61,174▲ 40.7%€53,962▼ 11.8%€100,736▲ 86.7%
Working capital-€4,301below the sector's middle half-€19,840within the sector's middle half€21,247within the sector's middle half▲ 7.1%€34,975within the sector's middle half▲ 64.6%€35,560within the sector's middle half▲ 1.7%
Solvency37.4%within the sector's middle half-47.0%within the sector's middle half▲ 9.6pp39.2%within the sector's middle half▼ 7.8pp46.2%within the sector's middle half▲ 7.0pp32.5%within the sector's middle half▼ 13.7pp
Current ratio0.86below the sector's middle half-1.88within the sector's middle half▲ 1.021.40within the sector's middle half▼ 0.481.65within the sector's middle half▲ 0.251.61within the sector's middle half▼ 0.04
Return on assets (ROA)5.9%within the sector's middle half-0.3%below the sector's middle half▼ 5.5pp0.8%within the sector's middle half▲ 0.5pp23.2%above the sector's middle half▲ 22.4pp1.5%within the sector's middle half▼ 21.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149,206
Fixed assets
€54,909 ▲ 385%
Current assets
€94,297 ▲ 6.0%
Equity and liabilities €149,206
Equity
€48,470 ▲ 4.7%
Debt
€100,736 ▲ 86.7%
Debt's share of the balance-sheet total rises from 53.8% to 67.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,138▼
2024 · €40,808
Cash flow
€23,098▼
2024 · €39,669
Debt to equity
2.08▲
2024 · 1.17
ROE
4.5%▼
2024 · 50.2%
Interest coverage
3.20▼
2024 · 23.99
Debt ≤ 1 year
€58,737▲
2024 · €53,962
Debt > 1 year
€41,999
Income taxes
€853▼
2024 · €2,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €292,388 | €359,775 | €385,174 | - | - | - |
| Non-recurring operating income76A | €20,200 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €291,627 | €324,856 | €364,522 | - | - | - |
| Remuneration, social security and pensions62 | €335 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,785 | €15,191 | €16,516 | €16,424 | €20,933 | ▲ 27.5% |
| Other operating charges640/8 | €510 | €444 | €446 | €620 | €512 | ▼ 17.4% |
| Non-recurring operating charges66A | €2,205 | €13,940 | €800 | €624 | €411 | ▼ 34.0% |
| Gross operating margin9900 | €21,408 | €35,432 | €20,904 | €42,052 | €31,061 | ▼ 26.1% |
| Operating profit (loss)9901 | €572 | €5,857 | €3,141 | €24,385 | €9,204 | ▼ 62.3% |
| Financial income75/76B | €7,563 | - | €410 | €2,970 | €3,233 | ▲ 8.9% |
| Recurring financial income75 | €7,563 | - | €410 | €2,970 | €3,233 | ▲ 8.9% |
| Financial charges65/66B | €2,131 | €2,478 | €2,223 | €1,701 | €9,419 | ▲ 454% |
| Recurring financial charges65 | €2,131 | €2,478 | €2,223 | €1,701 | €9,419 | ▲ 454% |
| Profit (loss) for the period before taxes9903 | €6,004 | €3,379 | €1,328 | €25,653 | €3,018 | ▼ 88.2% |
| Income taxes67/77 | - | €3,122 | €530 | €2,408 | €853 | ▼ 64.6% |
| Profit (loss) for the period9904 | €6,004 | €257 | €798 | €23,246 | €2,165 | ▼ 90.7% |
| Profit (loss) for the period to be appropriated9905 | €6,004 | €257 | €798 | €23,246 | €2,165 | ▼ 90.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,458 | €82,053 | €100,534 | €100,267 | €149,206 | ▲ 48.8% |
| Fixed assets21/28 | €76,320 | €39,691 | €25,953 | €11,330 | €54,909 | ▲ 385% |
| Tangible fixed assets22/27 | €50,650 | €39,241 | €25,503 | €10,880 | €54,459 | ▲ 401% |
| Plant, machinery and equipment23 | €309 | €1,539 | €850 | €162 | €10,377 | ▲ 6,304% |
| Furniture and vehicles24 | €50,341 | €37,703 | €24,653 | €10,718 | €2,815 | ▼ 73.7% |
| Leasing and similar rights25 | - | - | - | - | €41,268 | - |
| Financial fixed assets28 | €25,670 | €450 | €450 | €450 | €450 | = |
| Current assets29/58 | €26,138 | €42,362 | €74,581 | €88,937 | €94,297 | ▲ 6.0% |
| Stocks and contracts in progress3 | - | €2,950 | €6,462 | - | - | - |
| Stocks30/36 | - | €2,950 | €6,462 | - | - | - |
| Amounts receivable within one year40/41 | €11,421 | €36,713 | €32,237 | €88,751 | €93,988 | ▲ 5.9% |
| Trade receivables40 | €5,384 | €31,404 | €14,851 | €16,541 | €37,059 | ▲ 124% |
| Other amounts receivable41 | €6,037 | €5,310 | €17,386 | €72,210 | €56,930 | ▼ 21.2% |
| Cash at bank and in hand54/58 | €14,546 | €1,691 | €35,708 | €186 | €276 | ▲ 48.7% |
| Deferred charges and accrued income490/1 | €172 | €1,007 | €174 | - | €32 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,458 | €82,053 | €100,534 | €100,267 | €149,206 | ▲ 48.8% |
| Equity10/15 | €38,304 | €38,561 | €39,360 | €46,305 | €48,470 | ▲ 4.7% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | €1,900 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Profit (loss) carried forward14 | €17,404 | €17,661 | €18,460 | €25,405 | €27,570 | ▲ 8.5% |
| Amounts payable17/49 | €64,154 | €43,491 | €61,174 | €53,962 | €100,736 | ▲ 86.7% |
| Amounts payable after more than one year17 | €33,715 | €20,970 | €7,840 | - | €41,999 | - |
| Financial debts170/4 | €33,715 | €20,970 | €7,840 | - | €41,999 | - |
| Amounts payable within one year42/48 | €30,439 | €22,522 | €53,334 | €53,962 | €58,737 | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | €12,373 | €12,746 | €13,129 | €7,840 | €11,431 | ▲ 45.8% |
| Financial debts43 | - | - | - | - | €599 | - |
| Credit institutions430/8 | - | - | - | - | €599 | - |
| Trade debts44 | €10,170 | €3 | €11,934 | €1,595 | €2,820 | ▲ 76.8% |
| Suppliers440/4 | €10,170 | €3 | €11,934 | €1,595 | €2,820 | ▲ 76.8% |
| Advances received on contracts in progress46 | - | - | €5,014 | €18,677 | €25,377 | ▲ 35.9% |
| Taxes, remuneration and social security45 | €6,707 | €9,774 | €22,603 | €9,563 | €17,108 | ▲ 78.9% |
| Taxes450/3 | €5,627 | €3,624 | €6,553 | €8,163 | €9,608 | ▲ 17.7% |
| Remuneration and social security454/9 | €1,080 | €6,150 | €16,050 | €1,400 | €7,500 | ▲ 436% |
| Other amounts payable47/48 | €1,189 | - | €654 | €16,287 | €1,402 | ▼ 91.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,004 | €257 | €798 | €23,246 | €2,165 | ▼ 90.7% |
| + Depreciation and write-downs630 | €17,785 | €15,191 | €16,516 | €16,424 | €20,933 | ▲ 27.5% |
| Operating cash flow (approximation) | €23,789 | €15,449 | €17,314 | €39,669 | €23,098 | ▼ 41.8% |
| Investment in fixed assets (approximation) | - | €21,437 | -€2,778 | -€1,800 | -€64,513 | ▼ 3,483% |
| Change in cash | - | -€12,855 | €34,017 | -€35,523 | €91 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
03-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 95 days late
2024
31-12
Financial
Highest result since 2018net €23,246 ▲2,811%
Operating result €24,385, net result €23,246, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.88
Current ratio from 0.86 to 1.88; short-term debt falls from €30,439 to €22,522.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 201 days late
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 233 days late
2019
31-12
Financial
Weakest financial yearnet €128 ▼57.2%
Net result drops to €128, the lowest in the series; recovery starts the following year.
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Sint-Jans-Molenbeek · 2 establishment units since 2013
Ground area
902 m²
Building footprint
308 m²
Volume, LiDAR
2,496 m³
2 parcels, Brussels, Flanders · tallest building 14.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
HAPER
since 20132.218.461.165
HAPER
since 20202.301.507.518
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016D0295/00K003 | Flanders | 653 m² | 1 · 134 m² | 10.9 m · 3 fl. |
| 21526D0003/00F008 | Brussels | 249 m² | 1 · 174 m² | 14.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,366 companies in sector 43110 we hold annual accounts for 635. 478 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
43120Site preparation
43230Insulation installation
43310Plastering work
43320Joinery installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0521852476
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.