HAPKA
ActiveSummary
The computed 12-month bankruptcy probability of HAPKA is 1.9% (moderate). The 2025 annual accounts show equity of €170k and a net result of €24k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 2198 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+2
Solvency43▲+8
Growth68=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.28 against 1.07 in 2024; short-term debt: 46.3% and cash: 1.1% of total assets), and 82.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-02-2026, 118 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
118 d late
2024
96 d late
2023
28 d late
2022
15 d late
2021
3 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.62M▲ 8.1%
2024 · €2.42M
2021: €1.26Mlowest in 5 years
2022: €1.46M▲ +16.1% vs 2021
2023: €2.10M▲ +43.9% vs 2022
2024: €2.42M▲ +15.2% vs 2023
2025: €2.62M▲ +8.1% vs 2024highest in 5 years
2021 → 2025
EBIT margin
1.5%▼ 0.4pp
2024 · 2.0%
2021: 5.7%highest in 5 years
2022: 5.5%▼ -2.9% vs 2021
2023: 3.6%▼ -34.1% vs 2022
2024: 2.0%▼ -45.3% vs 2023
2025: 1.5%▼ -22.1% vs 2024lowest in 5 years
2021 → 2025
Net result
€24k▼ 21.0%
2024 · €30k
2021: €52k
2022: €55k▲ +4.7% vs 2021highest in 5 years
2023: €54k▼ -0.2% vs 2022
2024: €30k▼ -44.9% vs 2023
2025: €24k▼ -21.0% vs 2024lowest in 5 years
2021 → 2025
Working capital
€122k▲ 29.5%
2024 · €95k
2021: €31klowest in 5 years
2022: €80k▲ +154% vs 2021
2023: €139k▲ +75.1% vs 2022highest in 5 years
2024: €95k▼ -32.2% vs 2023
2025: €122k▲ +29.5% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.26M-€1.46M▲ 16.1%€2.10M▲ 43.9%€2.42M▲ 15.2%€2.62M▲ 8.1%
2021: €1.26Mlowest in 5 years
2022: €1.46M▲ +16.1% vs 2021
2023: €2.10M▲ +43.9% vs 2022
2024: €2.42M▲ +15.2% vs 2023
2025: €2.62M▲ +8.1% vs 2024highest in 5 years
Equity€57k-€112k▲ 95.5%€166k▲ 48.8%€146k▼ 12.1%€170k▲ 16.2%
2021: €57klowest in 5 years
2022: €112k▲ +95.5% vs 2021
2023: €166k▲ +48.8% vs 2022
2024: €146k▼ -12.1% vs 2023
2025: €170k▲ +16.2% vs 2024highest in 5 years
Operating result€71k-€80k▲ 12.8%€76k▼ 5.2%€48k▼ 36.9%€40k▼ 15.8%
2021: €71k
2022: €80k▲ +12.8% vs 2021highest in 5 years
2023: €76k▼ -5.2% vs 2022
2024: €48k▼ -36.9% vs 2023
2025: €40k▼ -15.8% vs 2024lowest in 5 years
Net result€52k-€55k▲ 4.7%€54k▼ 0.2%€30k▼ 44.9%€24k▼ 21.0%
2021: €52k
2022: €55k▲ +4.7% vs 2021highest in 5 years
2023: €54k▼ -0.2% vs 2022
2024: €30k▼ -44.9% vs 2023
2025: €24k▼ -21.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €953k
Fixed assets
€389k ▲ 656%
Current assets
€564k ▼ 59.7%
Equity and liabilities €953k
Equity
€170k ▲ 16.2%
Debt
€783k ▼ 40.0%
Debt's share of the balance-sheet total falls from 89.9% to 82.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€114k▲
2024 · €61k
Cash flow
€98k▲
2024 · €43k
Current ratio
1.28▲
2024 · 1.07
Debt to equity
4.62▼
2024 · 8.93
ROE
14.0%▼
2024 · 20.5%
ROA
2.5%▲
2024 · 2.1%
Interest coverage
10.32▲
2024 · 6.68
Debt ≤ 1 year
€441k▼
2024 · €1.30M
Debt > 1 year
€342k
Income taxes
€13k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.45M€953k▼
Fixed assets21/28€52k€389k▲
Tangible fixed assets22/27€51k€385k▲
Land and buildings22-€321k
Plant, machinery and equipment23€13k€10k▼
Furniture and vehicles24€9k€54k▲
Assets under construction and advance payments27€28k-
Financial fixed assets28€650€5k▲
Current assets29/58€1.40M€564k▼
Amounts receivable within one year40/41€1.37M€550k▼
Trade receivables40€1.19M€401k▼
Other amounts receivable41€179k€149k▼
Cash at bank and in hand54/58€30k€10k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.45M€953k▼
Equity10/15€146k€170k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€141k€165k▲
Amounts payable17/49€1.30M€783k▼
Amounts payable after more than one year17-€342k
Financial debts170/4-€342k
Amounts payable within one year42/48€1.30M€441k▼
Current portion of amounts payable after more than one year42€3k€15k▲
Trade debts44€1.19M€359k▼
Suppliers440/4€1.19M€359k▼
Taxes, remuneration and social security45€53k€44k▼
Taxes450/3€45k€41k▼
Remuneration and social security454/9€9k€3k▼
Other amounts payable47/48€62k€23k▼
Income statement
Code20242025
Turnover70€2.42M€2.62M▲
Goods, raw materials, services and sundry goods60/61€2.30M€2.49M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€74k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€28k€600▼
Other operating charges640/8€30k€7k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€120k€122k▲
Operating profit (loss)9901€48k€40k▼
Financial income75/76B€10k€7k▼
Recurring financial income75€10k€7k▼
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€49k€37k▼
Income taxes67/77€19k€13k▼
Profit (loss) for the period9904€30k€24k▼
Profit (loss) for the period to be appropriated9905€30k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€191k€165k▼
Profit (loss) brought forward from the previous period14P€161k€141k▼
Profit to be distributed694/7€50k-
Return on contributions (dividend)694€50k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.26M | €1.46M | €2.10M | €2.42M | €2.62M | ▲ 8.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €1.37M | €2.01M | €2.30M | €2.49M | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €12k | €15k | €13k | €74k | ▲ 460% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €28k | €600 | ▼ 97.9% |
| Other operating charges640/8 | - | €4k | €4k | €30k | €7k | ▼ 77.0% |
| Non-recurring operating charges66A | - | - | €4k | €0 | - | - |
| Gross operating margin9900 | €75k | €96k | €99k | €120k | €122k | ▲ 1.9% |
| Operating profit (loss)9901 | €71k | €80k | €76k | €48k | €40k | ▼ 15.8% |
| Financial income75/76B | - | €5k | €8k | €10k | €7k | ▼ 28.6% |
| Recurring financial income75 | €4k | €5k | €8k | €10k | €7k | ▼ 28.6% |
| Financial charges65/66B | - | €16k | €13k | €9k | €11k | ▲ 20.9% |
| Recurring financial charges65 | €12k | €16k | €13k | €9k | €11k | ▲ 20.9% |
| Profit (loss) for the period before taxes9903 | €63k | €70k | €71k | €49k | €37k | ▼ 25.3% |
| Income taxes67/77 | €11k | €15k | €16k | €19k | €13k | ▼ 32.0% |
| Profit (loss) for the period9904 | €52k | €55k | €54k | €30k | €24k | ▼ 21.0% |
| Profit (loss) for the period to be appropriated9905 | €52k | €55k | €54k | €30k | €24k | ▼ 21.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438k | €492k | €1.06M | €1.45M | €953k | ▼ 34.3% |
| Fixed assets21/28 | €26k | €32k | €27k | €52k | €389k | ▲ 656% |
| Tangible fixed assets22/27 | €26k | €32k | €26k | €51k | €385k | ▲ 656% |
| Land and buildings22 | - | - | - | - | €321k | - |
| Plant, machinery and equipment23 | - | €11k | €13k | €13k | €10k | ▼ 25.8% |
| Furniture and vehicles24 | - | €21k | €13k | €9k | €54k | ▲ 499% |
| Assets under construction and advance payments27 | - | - | - | €28k | - | - |
| Financial fixed assets28 | - | - | €650 | €650 | €5k | ▲ 597% |
| Current assets29/58 | €412k | €460k | €1.03M | €1.40M | €564k | ▼ 59.7% |
| Amounts receivable within one year40/41 | €353k | €391k | €910k | €1.37M | €550k | ▼ 59.8% |
| Trade receivables40 | - | €285k | €755k | €1.19M | €401k | ▼ 66.3% |
| Other amounts receivable41 | - | €106k | €155k | €179k | €149k | ▼ 16.7% |
| Cash at bank and in hand54/58 | €59k | €43k | €64k | €30k | €10k | ▼ 65.5% |
| Deferred charges and accrued income490/1 | - | €26k | €56k | €2k | €3k | ▲ 46.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438k | €492k | €1.06M | €1.45M | €953k | ▼ 34.3% |
| Equity10/15 | €57k | €112k | €166k | €146k | €170k | ▲ 16.2% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €52k | €107k | €161k | €141k | €165k | ▲ 16.8% |
| Amounts payable17/49 | €381k | €380k | €890k | €1.30M | €783k | ▼ 40.0% |
| Amounts payable after more than one year17 | - | - | - | - | €342k | - |
| Financial debts170/4 | - | - | - | - | €342k | - |
| Amounts payable within one year42/48 | €381k | €380k | €890k | €1.30M | €441k | ▼ 66.2% |
| Current portion of amounts payable after more than one year42 | - | €10k | €6k | €3k | €15k | ▲ 400% |
| Trade debts44 | €308k | €279k | €837k | €1.19M | €359k | ▼ 69.8% |
| Suppliers440/4 | - | €76k | €837k | €1.19M | €359k | ▼ 69.8% |
| Bills of exchange payable441 | - | €203k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €91k | €47k | €53k | €44k | ▼ 16.5% |
| Taxes450/3 | - | €15k | €16k | €45k | €41k | ▼ 7.3% |
| Remuneration and social security454/9 | - | €76k | €31k | €9k | €3k | ▼ 64.7% |
| Other amounts payable47/48 | - | - | €107 | €62k | €23k | ▼ 63.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €55k | €54k | €30k | €24k | ▼ 21.0% |
| + Depreciation and write-downs630 | €3k | €12k | €15k | €13k | €74k | ▲ 460% |
| Operating cash flow (approximation) | €55k | €66k | €70k | €43k | €98k | ▲ 126% |
| Investment in fixed assets (approximation) | - | €-18k | €-10k | €-38k | €-412k | ▼ 981% |
| Change in cash | - | €-15k | €20k | €-33k | €-20k | ▲ 40.8% |
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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 118 days late
2025
31-03
Financial
Weakest financial yearnet €24k ▼21%
Net result drops to €24k, the lowest in the series.
31-03
Financial
Equity above €150kEq €170k ▲16.2%
5 profitable years in a row build equity to €170k.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 96 days late
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
31-03
Financial
Equity above €150kEq €166k ▲48.8%
3 profitable years in a row build equity to €166k.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
31-03
Financial
Highest result since 2021net €55k ▲4.7%
Operating result €80k, net result €55k, both a record.
31-03
Financial
Equity above €100kEq €112k ▲95.5%
2 profitable years in a row build equity to €112k.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kraainem · 1 establishment unit since 2019
Ground area
1.1 ha
Building footprint
946 m²
Volume, LiDAR
34,871 m³
2 parcels, Brussels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
1 establishment unit
HAPKA
since 20192.293.767.710
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 21308H0478/00Y002 | Brussels | 163 m² | 1 · 80 m² | 13.1 m · 4 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,411 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
Founded05-09-2019
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43240Other construction installation
43410Roofing work
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.