Happ-I Development
ActiveSummary
Happ-I Development has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,000 and a net result of €76,415. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 1452 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
2.6%
Return on assets
65.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1452 sector peers (2025).
NBB · sector comparisonPosition among 1452 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-04-2026, 113 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
113 d early
2024
49 d early
2023
127 d early
2022
133 d early
2021
142 d early
2020
95 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 110 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 27 March (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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€76,415▼ 4.3%
2024 · €79,877
Working capital
-€191▼ 55.4%
2024 · -€123
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Operating result€46,637▲ 59.4%€21,166▼ 54.6%€65,786▲ 211%€100,390▲ 52.6%€96,239▼ 4.1%
Net result€36,855within the sector's middle half▲ 56.9%€16,472within the sector's middle half▼ 55.3%€51,777within the sector's middle half▲ 214%€79,877within the sector's middle half▲ 54.3%€76,415within the sector's middle half▼ 4.3%
Equity€63,349within the sector's middle half▲ 139%€79,821within the sector's middle half▲ 26.0%€3,000below the sector's middle half▼ 96.2%€3,000below the sector's middle half=€3,000below the sector's middle half=
Total assets€126,261below the sector's middle half▲ 169%€168,544within the sector's middle half▲ 33.5%€153,992below the sector's middle half▼ 8.6%€154,662below the sector's middle half▲ 0.4%€116,823below the sector's middle half▼ 24.5%
Debt€62,912▲ 207%€88,723▲ 41.0%€150,992▲ 70.2%€151,662▲ 0.4%€113,823▼ 24.9%
Working capital€60,336within the sector's middle half▲ 144%€72,596within the sector's middle half▲ 20.3%-€4,480below the sector's middle half-€123below the sector's middle half▲ 97.3%-€191within the sector's middle half▼ 55.4%
Solvency50.2%within the sector's middle half▼ 6.2pp47.4%within the sector's middle half▼ 2.8pp1.9%below the sector's middle half▼ 45.4pp1.9%below the sector's middle half=2.6%below the sector's middle half▲ 0.6pp
Current ratio1.96within the sector's middle half▼ 0.251.82within the sector's middle half▼ 0.140.97below the sector's middle half▼ 0.851.00below the sector's middle half▲ 0.031.00within the sector's middle half=
Return on assets (ROA)29.2%above the sector's middle half▼ 20.8pp9.8%within the sector's middle half▼ 19.4pp33.6%above the sector's middle half▲ 23.9pp51.6%above the sector's middle half▲ 18.0pp65.4%above the sector's middle half▲ 13.8pp
Staff (FTE)0.8below the sector's middle half▲ 700%0.9below the sector's middle half▲ 12.5%0.7below the sector's middle half▼ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116,823
Fixed assets
€3,191 ▲ 2.2%
Current assets
€113,632 ▼ 25.0%
Equity and liabilities €116,823
Equity
€3,000 =
Debt
€113,823 ▼ 24.9%
Debt's share of the balance-sheet total falls from 98.1% to 97.4%. Debt is lower.
Key figures and ratios
EBITDA
€98,642▼
2024 · €103,147
Cash flow
€78,818▼
2024 · €82,635
Debt to equity
37.94▼
2024 · 50.55
Interest coverage
711.24▼
2024 · 740.47
Debt ≤ 1 year
€113,823▼
2024 · €151,662
Income taxes
€19,690▼
2024 · €20,373
A ratio outside any meaningful range has been withheld (balance sheet total €116,823, equity €3,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
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 2,153 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €27,537 | €26,255 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €934 | €1,451 | €3,498 | €2,757 | €2,403 | ▼ 12.8% |
| Other operating charges640/8 | - | €249 | €656 | €673 | €695 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | - | €979 | - | - |
| Gross operating margin9900 | €69,720 | €50,403 | €96,195 | €104,799 | €99,337 | ▼ 5.2% |
| Operating profit (loss)9901 | €46,637 | €21,166 | €65,786 | €100,390 | €96,239 | ▼ 4.1% |
| Financial income75/76B | - | - | €15 | - | €5 | - |
| Recurring financial income75 | - | - | €15 | - | €5 | - |
| Financial charges65/66B | - | €153 | €156 | €139 | €139 | ▼ 0.4% |
| Recurring financial charges65 | €27 | €153 | €156 | €139 | €139 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | €46,610 | €21,013 | €65,645 | €100,250 | €96,105 | ▼ 4.1% |
| Income taxes67/77 | €9,755 | €4,541 | €13,868 | €20,373 | €19,690 | ▼ 3.4% |
| Profit (loss) for the period9904 | €36,855 | €16,472 | €51,777 | €79,877 | €76,415 | ▼ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €36,855 | €16,472 | €51,777 | €79,877 | €76,415 | ▼ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,261 | €168,544 | €153,992 | €154,662 | €116,823 | ▼ 24.5% |
| Fixed assets21/28 | €3,013 | €7,226 | €7,480 | €3,123 | €3,191 | ▲ 2.2% |
| Tangible fixed assets22/27 | €3,013 | €7,226 | €7,480 | €3,123 | €3,191 | ▲ 2.2% |
| Furniture and vehicles24 | - | €7,226 | €7,480 | €3,123 | €3,191 | ▲ 2.2% |
| Current assets29/58 | €123,248 | €161,318 | €146,512 | €151,539 | €113,632 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €16,686 | €14,657 | €16,771 | €9,624 | €11,789 | ▲ 22.5% |
| Trade receivables40 | - | €14,657 | €16,771 | €5,147 | - | - |
| Other amounts receivable41 | - | - | - | €4,477 | €11,789 | ▲ 163% |
| Cash at bank and in hand54/58 | €106,562 | €146,661 | €129,741 | €141,916 | €101,843 | ▼ 28.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,261 | €168,544 | €153,992 | €154,662 | €116,823 | ▼ 24.5% |
| Equity10/15 | €63,349 | €79,821 | €3,000 | €3,000 | €3,000 | = |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €60,349 | €76,821 | - | - | - | - |
| Amounts payable17/49 | €62,912 | €88,723 | €150,992 | €151,662 | €113,823 | ▼ 24.9% |
| Amounts payable within one year42/48 | €62,912 | €88,723 | €150,992 | €151,662 | €113,823 | ▼ 24.9% |
| Financial debts43 | - | - | - | €673 | - | - |
| Credit institutions430/8 | - | - | - | €673 | - | - |
| Trade debts44 | €311 | €1,430 | €2,165 | €1,359 | €502 | ▼ 63.1% |
| Suppliers440/4 | - | €1,430 | €2,165 | €1,359 | €502 | ▼ 63.1% |
| Taxes, remuneration and social security45 | - | €20,915 | €34,937 | €19,758 | €22,405 | ▲ 13.4% |
| Taxes450/3 | - | €16,910 | €31,612 | €19,758 | €22,405 | ▲ 13.4% |
| Remuneration and social security454/9 | - | €4,005 | €3,324 | - | - | - |
| Other amounts payable47/48 | - | €66,378 | €113,891 | €129,873 | €90,916 | ▼ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,855 | €16,472 | €51,777 | €79,877 | €76,415 | ▼ 4.3% |
| + Depreciation and write-downs630 | €934 | €1,451 | €3,498 | €2,757 | €2,403 | ▼ 12.8% |
| Operating cash flow (approximation) | €37,789 | €17,923 | €55,275 | €82,635 | €78,818 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | -€5,664 | -€3,752 | €1,599 | -€2,471 | ▼ 255% |
| Change in cash | - | €40,099 | -€16,919 | €12,174 | -€40,073 | ▼ 429% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2020net €79,877 ▲54.3%
Operating result €100,390, net result €79,877, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €16,472 ▼55.3%
Net result drops to €16,472, the lowest in the series; recovery starts the following year.
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 2020
Ground area
74 m²
Building footprint
54 m²
Volume, LiDAR
507 m³
Parcel 21363B0339/00V005, Brussels · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Happ-I Development
since 20202.308.072.933
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0339/00V005 | Brussels | 74 m² | 1 · 54 m² | 12.6 m · 3 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.
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Of 30,009 companies in sector 62200 we hold annual accounts for 18,399. 4,274 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
Founded24-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754825096
Registered
23-12-2025
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.