Summary
HAPOC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €96k and a net result of €51k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 72% of 6157 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €96k
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
148 d early
2022
125 d early
2021
73 d early
2020
142 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€96k▲ 116%
2023 · €45k
2018: €61k
2019: €81k▲ +33.3% vs 2018
2020: €43k▼ -47.5% vs 2019lowest in 7 years
2021: €46k▲ +7.6% vs 2020
2022: €54k▲ +18.1% vs 2021
2023: €45k▼ -17.7% vs 2022
2024: €96k▲ +116% vs 2023highest in 7 years
2018 → 2024
Net result
€51k▲ 1,401%
2023 · €3k
2018: €35k
2019: €20k▼ -42.6% vs 2018
2020: €-38k▼ -290% vs 2019lowest in 7 years
2021: €3k▲ +108% vs 2020
2022: €8k▲ +155% vs 2021
2023: €3k▼ -58.6% vs 2022
2024: €51k▲ +1401% vs 2023highest in 7 years
2018 → 2024
Total assets
€127k▲ 90.4%
2023 · €67k
2018: €150khighest in 7 years
2019: €132k▼ -11.8% vs 2018
2020: €80k▼ -38.9% vs 2019
2021: €76k▼ -6.1% vs 2020
2022: €77k▲ +2.4% vs 2021
2023: €67k▼ -14.1% vs 2022lowest in 7 years
2024: €127k▲ +90.4% vs 2023
2018 → 2024
Solvency
75.7%▲ 8.9pp
2023 · 66.9%
2018: 40.6%lowest in 7 years
2019: 61.4%▲ +51.2% vs 2018
2020: 52.8%▼ -14.0% vs 2019
2021: 60.5%▲ +14.6% vs 2020
2022: 69.8%▲ +15.3% vs 2021
2023: 66.9%▼ -4.2% vs 2022
2024: 75.7%▲ +13.2% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€46k▲ 7.6%€54k▲ 18.1%€45k▼ 17.7%€96k▲ 116%
2020: €43klowest in 5 years
2021: €46k▲ +7.6% vs 2020
2022: €54k▲ +18.1% vs 2021
2023: €45k▼ -17.7% vs 2022
2024: €96k▲ +116% vs 2023highest in 5 years
Operating result€-27k-€4k€10k▲ 148%€4k▼ 54.8%€74k▲ 1,607%
2020: €-27klowest in 5 years
2021: €4k▲ +114% vs 2020
2022: €10k▲ +148% vs 2021
2023: €4k▼ -54.8% vs 2022
2024: €74k▲ +1607% vs 2023highest in 5 years
Net result€-38k-€3k€8k▲ 155%€3k▼ 58.6%€51k▲ 1,401%
2020: €-38klowest in 5 years
2021: €3k▲ +108% vs 2020
2022: €8k▲ +155% vs 2021
2023: €3k▼ -58.6% vs 2022
2024: €51k▲ +1401% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,607% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127k
Fixed assets
€5k ▲ 106%
Current assets
€122k ▲ 89.8%
Equity and liabilities €127k
Equity
€96k ▲ 116%
Debt
€31k ▲ 39.5%
Debt's share of the balance-sheet total falls from 33.1% to 24.3%. Equity and debt are higher.
Key figures and ratios
ROE
53.6%▲
2023 · 7.7%
ROA
40.6%▲
2023 · 5.1%
Debt ≤ 1 year
€28k▲
2023 · €20k
Income taxes
€23k▲
2023 · €846
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€67k€127k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27€2k€5k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€2k€2k▼
Current assets29/58€64k€122k▲
Amounts receivable within one year40/41€3k€44k▲
Trade receivables40-€9k
Other amounts receivable41€3k€35k▲
Current investments50/53€22k€71k▲
Cash at bank and in hand54/58€39k€5k▼
Deferred charges and accrued income490/1€705€1k▲
Equity and liabilities
Total equity and liabilities10/49€67k€127k▲
Equity10/15€45k€96k▲
Contributions10/11€13k€13k=
Reserves13€53k€83k▲
Non-distributable reserves130/1€860€860=
Reserves not available under the articles1311€860€860=
Distributable reserves133€53k€83k▲
Profit (loss) carried forward14€-21k-
Amounts payable17/49€22k€31k▲
Amounts payable within one year42/48€20k€28k▲
Trade debts44€2k€778▼
Suppliers440/4€2k€778▼
Taxes, remuneration and social security45€6k€27k▲
Taxes450/3€4k€18k▲
Remuneration and social security454/9€2k€9k▲
Other amounts payable47/48€13k-
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€405€866▲
Other operating charges640/8€516€528▲
Gross operating margin9900€5k€75k▲
Operating profit (loss)9901€4k€74k▲
Financial income75/76B€10€243▲
Recurring financial income75€10€243▲
Financial charges65/66B€60€15▼
Recurring financial charges65€60€15▼
Profit (loss) for the period before taxes9903€4k€74k▲
Income taxes67/77€846€23k▲
Profit (loss) for the period9904€3k€51k▲
Profit (loss) for the period to be appropriated9905€3k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€30k▲
Profit (loss) brought forward from the previous period14P€-21k€-21k▲
Transfer from equity791/2€13k-
Transfer to equity691/2€3k€30k▲
To other reserves6921€3k€30k▲
Profit to be distributed694/7€13k-
Return on contributions (dividend)694€13k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €9k | €296 | €405 | €866 | ▲ 114% |
| Other operating charges640/8 | - | €230 | €1k | €516 | €528 | ▲ 2.3% |
| Gross operating margin9900 | €-17k | €13k | €11k | €5k | €75k | ▲ 1,334% |
| Operating profit (loss)9901 | €-27k | €4k | €10k | €4k | €74k | ▲ 1,607% |
| Financial income75/76B | - | - | €15 | €10 | €243 | ▲ 2,333% |
| Recurring financial income75 | - | - | €15 | €10 | €243 | ▲ 2,333% |
| Financial charges65/66B | - | €186 | €98 | €60 | €15 | ▼ 75.0% |
| Recurring financial charges65 | €357 | €186 | €98 | €60 | €15 | ▼ 75.0% |
| Profit (loss) for the period before taxes9903 | €-36k | €4k | €9k | €4k | €74k | ▲ 1,632% |
| Income taxes67/77 | €2k | €417 | €1k | €846 | €23k | ▲ 2,570% |
| Profit (loss) for the period9904 | €-38k | €3k | €8k | €3k | €51k | ▲ 1,401% |
| Transfer from tax-exempt reserves789 | - | €23k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-38k | €26k | €8k | €3k | €51k | ▲ 1,401% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80k | €76k | €77k | €67k | €127k | ▲ 90.4% |
| Fixed assets21/28 | €18k | €9k | €297 | €2k | €5k | ▲ 106% |
| Tangible fixed assets22/27 | €18k | €9k | €297 | €2k | €5k | ▲ 106% |
| Plant, machinery and equipment23 | - | €593 | €297 | - | €3k | - |
| Furniture and vehicles24 | - | €9k | - | €2k | €2k | ▼ 34.9% |
| Current assets29/58 | €62k | €66k | €77k | €64k | €122k | ▲ 89.8% |
| Amounts receivable within one year40/41 | €14k | €10k | €15k | €3k | €44k | ▲ 1,285% |
| Trade receivables40 | - | €10k | €8k | - | €9k | - |
| Other amounts receivable41 | - | - | €6k | €3k | €35k | ▲ 1,010% |
| Current investments50/53 | - | €8k | €12k | €22k | €71k | ▲ 233% |
| Cash at bank and in hand54/58 | €47k | €45k | €47k | €39k | €5k | ▼ 86.3% |
| Deferred charges and accrued income490/1 | - | €3k | €4k | €705 | €1k | ▲ 99.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80k | €76k | €77k | €67k | €127k | ▲ 90.4% |
| Equity10/15 | €43k | €46k | €54k | €45k | €96k | ▲ 116% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Reserves13 | €55k | €55k | €63k | €53k | €83k | ▲ 56.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €860 | €860 | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €860 | €860 | = |
| Distributable reserves133 | - | €53k | €61k | €53k | €83k | ▲ 57.0% |
| Profit (loss) carried forward14 | €-25k | €-21k | €-21k | €-21k | - | - |
| Amounts payable17/49 | €38k | €30k | €23k | €22k | €31k | ▲ 39.5% |
| Amounts payable after more than one year17 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €32k | €27k | €20k | €20k | €28k | ▲ 37.1% |
| Current portion of amounts payable after more than one year42 | - | €3k | - | - | - | - |
| Trade debts44 | €5k | €2k | €9k | €2k | €778 | ▼ 49.1% |
| Suppliers440/4 | - | €2k | €9k | €2k | €778 | ▼ 49.1% |
| Taxes, remuneration and social security45 | - | €6k | €6k | €6k | €27k | ▲ 369% |
| Taxes450/3 | - | €5k | €5k | €4k | €18k | ▲ 333% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €9k | ▲ 460% |
| Other amounts payable47/48 | - | €17k | €5k | €13k | - | - |
| Accrued charges and deferred income492/3 | - | €3k | €3k | €2k | €3k | ▲ 66.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-38k | €3k | €8k | €3k | €51k | ▲ 1,401% |
| + Depreciation and write-downs630 | €9k | €9k | €296 | €405 | €866 | ▲ 114% |
| Operating cash flow (approximation) | €-29k | €12k | €9k | €4k | €52k | ▲ 1,265% |
| Investment in fixed assets (approximation) | - | €-1 | €9k | €-2k | €-3k | ▼ 37.0% |
| Change in cash | - | €-1k | €1k | €-8k | €-34k | ▼ 326% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €51k ▲1,401%
Operating result €74k, net result €51k, both a record.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
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, Gent · 1 establishment unit since 2017
Ground area
2,569 m²
Building footprint
254 m²
Volume, LiDAR
1,411 m³
Parcel 44002B0148/00Z000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hapoc
since 20172.262.957.045
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002B0148/00Z000 | Flanders | 2,569 m² | 1 · 254 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,000 EUR | 6,000 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
9845000798N87EJ0CT70
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 12,228 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
Founded22-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.