Result
From profit to loss in 2025, after a profit of €51,438 in 2024.
From profit to loss in 2025, after a profit of €51,438 in 2024.
Green is investment, beige is depreciation.
The 2024 accounts came latest: 26 days after the end of the period.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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 73 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HAPOC Ghent | €113,347 | -€9,768 | 74.7% | - |
| FINFACTORY Lede | €125,567 | -€22,816 | 58.6% | - |
| B.I.L. Invest Oudenaarde | €97,396 | -€2,446 | 91.4% | - |
| Gladvice Oosterzele | €145,392 | -€69,631 | 31.9% | - |
| PEPALOT Ghent | €149,608 | -€7,756 | 93.7% | - |
| F-F partners Wetteren | €85,919 | -€2,660 | 56.6% | - |
| NORVIC Mortsel | €121,065 | -€39,919 | 75.7% | - |
These companies have the same main activity as HAPOC: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €85,900 and €150,000, founded between 2016 and 2018.
HAPOC files the abbreviated format. That format states no turnover. The gross margin fell from €33,163 in 2017 to -€9,768 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Higher than 72% of 6,708 companies in 2025.
Lower than 95% of 6,673 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
113,347 | 126,713 | 66,558 | 77,455 | 75,607 | 80,490 | 131,833 | 149,514 | 83,606 | |
21/28 |
11,083 | 4,805 | 2,331 | 297 | 9,389 | 18,480 | 43,003 | 57,555 | 29,313 | |
22/27 |
11,083 | 4,805 | 2,331 | 297 | 9,389 | 18,480 | 43,003 | 57,555 | 29,313 | |
23 |
2,619 | 3,287 | - | 297 | 593 | 889 | 1,185 | - | - | |
24 |
8,463 | 1,518 | 2,331 | - | 8,796 | 17,591 | 41,818 | 57,555 | 29,313 | |
29/58 |
102,265 | 121,908 | 64,227 | 77,158 | 66,218 | 62,010 | 88,830 | 91,959 | 54,293 | |
40/41 |
15,072 | 43,678 | 3,154 | 14,926 | 10,000 | 13,890 | 60,859 | 36,235 | 16,828 | |
40 |
7,000 | 8,678 | - | 8,470 | 10,000 | 13,890 | 30,859 | 36,235 | 16,828 | |
41 |
8,072 | 35,000 | 3,154 | 6,456 | - | - | 30,000 | - | - | |
50/53 |
25,942 | 71,500 | 21,500 | 11,500 | 7,500 | - | - | - | - | |
54/58 |
59,773 | 5,327 | 38,868 | 46,738 | 45,455 | 46,921 | 25,792 | 51,962 | 37,465 | |
490/1 |
1,479 | 1,403 | 705 | 3,994 | 3,263 | 1,199 | 2,179 | 3,762 | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
113,347 | 126,713 | 66,558 | 77,455 | 75,607 | 80,490 | 131,833 | 149,514 | 83,606 | |
10/15 |
84,693 | 95,942 | 44,504 | 54,046 | 45,772 | 42,523 | 80,969 | 60,729 | 27,614 | |
10/11 |
12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | 12,500 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,100 | 6,100 | 6,100 | |
13 |
83,442 | 83,442 | 53,460 | 63,041 | 54,767 | 54,767 | 54,767 | 48,229 | 14,948 | |
130/1 |
860 | 860 | 860 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,000 | |
1311 |
860 | 860 | 860 | 1,860 | 1,860 | 1,860 | - | - | - | |
132 |
- | - | - | - | - | 22,863 | 22,863 | 16,325 | - | |
133 |
82,582 | 82,582 | 52,600 | 61,181 | 52,907 | 30,044 | 30,044 | 30,044 | 13,948 | |
14 |
-11,249 | - | -21,456 | -21,495 | -21,495 | -24,744 | 13,702 | - | 166 | |
17/49 |
28,654 | 30,771 | 22,054 | 23,409 | 29,835 | 37,967 | 50,864 | 88,785 | 55,992 | |
17 |
- | - | - | - | - | 2,540 | 15,333 | 33,339 | 18,541 | |
170/4 |
- | - | - | - | - | 2,540 | 15,333 | 33,339 | 18,541 | |
42/48 |
25,654 | 27,771 | 20,254 | 20,408 | 26,834 | 32,426 | 33,726 | 52,446 | 35,200 | |
42 |
- | - | - | - | 2,540 | 12,793 | 18,005 | 17,805 | 7,756 | |
44 |
7,759 | 778 | 1,528 | 8,660 | 1,507 | 4,606 | 1,795 | 985 | 284 | |
440/4 |
7,759 | 778 | 1,528 | 8,660 | 1,507 | 4,606 | 1,795 | 985 | 284 | |
45 |
11,979 | 26,993 | 5,757 | 6,460 | 6,176 | 13,171 | 13,926 | 21,773 | 27,160 | |
450/3 |
1,089 | 17,945 | 4,140 | 4,960 | 4,577 | 8,817 | 11,460 | 18,038 | 15,828 | |
454/9 |
10,890 | 9,048 | 1,617 | 1,500 | 1,599 | 4,354 | 2,466 | 3,735 | 11,332 | |
47/48 |
5,916 | - | 12,969 | 5,288 | 16,611 | 1,856 | - | 11,883 | - | |
492/3 |
3,000 | 3,000 | 1,800 | 3,001 | 3,001 | 3,001 | 1,805 | 3,000 | 2,251 | |
| Income statement | ||||||||||
76A |
- | - | - | 9,892 | - | - | - | - | - | |
9900 |
-9,768 | 75,189 | 5,244 | 10,924 | 13,174 | -17,385 | 44,418 | 67,067 | 33,163 | |
62 |
- | - | - | - | - | - | - | - | 1,569 | |
630 |
1,911 | 866 | 405 | 296 | 9,092 | 9,092 | 16,032 | 15,736 | 5,391 | |
640/8 |
544 | 528 | 516 | 1,072 | 230 | 577 | 481 | 1,592 | 831 | |
66A |
- | - | - | - | - | 8,952 | - | - | - | |
9901 |
-12,223 | 73,795 | 4,323 | 9,556 | 3,852 | -27,054 | 27,905 | 49,739 | 25,372 | |
75/76B |
1,173 | 243 | 10 | 15 | - | - | 574 | 13 | 3 | |
75 |
1,173 | 243 | 10 | 15 | - | - | 574 | 13 | 3 | |
65/66B |
67 | 15 | 60 | 98 | 186 | 9,309 | 837 | 595 | 359 | |
65 |
67 | 15 | 60 | 98 | 186 | 357 | 837 | 595 | 359 | |
66B |
- | - | - | - | - | 8,952 | - | - | - | |
9903 |
-11,117 | 74,023 | 4,273 | 9,473 | 3,666 | -36,363 | 27,642 | 49,157 | 25,016 | |
67/77 |
132 | 22,585 | 846 | 1,199 | 417 | 2,083 | 7,402 | 13,897 | 9,902 | |
9904 |
-11,249 | 51,438 | 3,427 | 8,274 | 3,249 | -38,446 | 20,240 | 35,260 | 15,114 | |
789 |
- | - | - | - | 22,863 | - | - | - | - | |
689 |
- | - | - | - | - | - | 6,538 | 16,325 | - | |
9905 |
-11,249 | 51,438 | 3,427 | 8,274 | 26,112 | -38,446 | 13,702 | 18,935 | 15,114 | |
| Appropriation of the result | ||||||||||
9906 |
-11,249 | 29,982 | -18,068 | -13,221 | 1,368 | -24,744 | 13,702 | 18,935 | 15,114 | |
14P |
- | -21,456 | -21,495 | -21,495 | -24,744 | - | - | - | - | |
791/2 |
- | - | 12,969 | - | - | 1,860 | - | - | - | |
691/2 |
- | 29,982 | 3,388 | 8,274 | 22,863 | 1,860 | - | 18,935 | 14,948 | |
6920 |
- | - | - | - | - | - | - | 860 | 1,000 | |
6921 |
- | 29,982 | 3,388 | 8,274 | 22,863 | 1,860 | - | 18,075 | 13,948 | |
694/7 |
- | - | 12,969 | - | - | - | - | - | - | |
694 |
- | - | 12,969 | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 5 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 23-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00187944 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00405643 | |
| 31-12-2023 | abbreviated format | 05-03-2024 | 2024-00039338 | |
| 31-12-2022 | abbreviated format | 28-03-2023 | 2023-00046863 | |
| 31-12-2021 | abbreviated format | 19-05-2022 | 2022-20032401 | |
| 31-12-2020 | abbreviated format | 11-03-2021 | 2021-07400281 | |
| 31-12-2019 | abbreviated format | 23-07-2020 | 2020-32900506 | |
| 31-12-2018 | abbreviated format | 24-04-2019 | 2019-10500425 | |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-48400289 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 8,189 | 3,340 | 2,440 | -8,796 | 1 | -15,431 | 1,481 | 43,978 | 34,704 | ||
| 54,446 | -33,541 | -7,870 | 1,283 | -1,466 | 21,129 | -26,170 | 14,497 | - | ||
| 74.7% | 75.7% | 66.9% | 69.8% | 60.5% | 52.8% | 61.4% | 40.6% | 33.0% | ||
| -13.3% | 53.6% | 7.7% | 15.3% | 7.1% | -90.4% | 25.0% | 58.1% | 54.7% | ||
| -9.9% | 40.6% | 5.1% | 10.7% | 4.3% | -47.8% | 15.4% | 23.6% | 18.1% |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,189 | €3,340 | €2,440 | - | - |
| €1,911 | €866 | €405 | €296 | €9,092 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €12,223, after a profit of €73,795 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 24.3% to 25.3%. Equity and debt are lower.
HAPOC has no parent and no holdings in its annual accounts. COSAERT Pieter is the only director.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
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 |
|---|---|---|
| Veurestraat 48 registered office 9051 Ghent 7010001 Activities of head offices | 01-04-2017 | 2.262.957.045 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44002B0148/00Z000 | 2,569 m² | 1 · 254 m² | 9.6 m · 2 |
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