Summary
Happen is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5,583 and a net result of €4,450. Equity is shrinking by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 12% of 8094 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 12%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €5,583
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
26 d late
2023
43 d late
2022
21 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 26 August (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
Equity
€5,583▲ 393%
2024 · €1,133
Net result
€4,450
2024 · -€926
Total assets
€110,879▲ 43.3%
2024 · €77,388
Solvency
5.0%▲ 3.6pp
2024 · 1.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€1,833--€1,981▼ 8.1%-€1,931▲ 2.5%-€193▲ 90.0%€18,759
Net result-€1,879below the sector's middle half--€2,037below the sector's middle half▼ 8.4%-€1,982below the sector's middle half▲ 2.7%-€926below the sector's middle half▲ 53.3%€4,450within the sector's middle half
Equity€6,181below the sector's middle half-€4,143below the sector's middle half▼ 33.0%€2,059below the sector's middle half▼ 50.3%€1,133below the sector's middle half▼ 45.0%€5,583below the sector's middle half▲ 393%
Total assets€43,121below the sector's middle half-€63,443below the sector's middle half▲ 47.1%€76,264below the sector's middle half▲ 20.2%€77,388below the sector's middle half▲ 1.5%€110,879below the sector's middle half▲ 43.3%
Debt€36,940-€59,300▲ 60.5%€74,205▲ 25.1%€76,255▲ 2.8%€105,296▲ 38.1%
Working capital-€31,819below the sector's middle half--€53,857below the sector's middle half▼ 69.3%-€73,841below the sector's middle half▼ 37.1%-€74,767below the sector's middle half▼ 1.3%-€26,917below the sector's middle half▲ 64.0%
Solvency14.3%below the sector's middle half-6.5%below the sector's middle half▼ 7.8pp2.7%below the sector's middle half▼ 3.8pp1.5%below the sector's middle half▼ 1.2pp5.0%below the sector's middle half▲ 3.6pp
Current ratio0.14below the sector's middle half-0.09below the sector's middle half▼ 0.050.00below the sector's middle half▼ 0.090.02below the sector's middle half▲ 0.010.74within the sector's middle half▲ 0.72
Return on assets (ROA)-4.4%below the sector's middle half--3.2%below the sector's middle half▲ 1.1pp-2.6%below the sector's middle half▲ 0.6pp-1.2%below the sector's middle half▲ 1.4pp4.0%within the sector's middle half▲ 5.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 returns to profit in 2025: €18,759 after a loss of €193 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110,879
Fixed assets
€32,500 ▼ 57.2%
Current assets
€78,379 ▲ 5,168%
Equity and liabilities €110,879
Equity
€5,583 ▲ 393%
Debt
€105,296 ▲ 38.1%
Debt's share of the balance-sheet total falls from 98.5% to 95.0%. Equity and debt are higher.
Key figures and ratios
ROE
79.7%▲
2024 · -81.7%
Debt ≤ 1 year
€105,296▲
2024 · €76,255
Income taxes
€14,897
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €101 | - | €0 | €535 | €801 | ▲ 49.6% |
| Non-recurring operating charges66A | - | - | - | - | €43,399 | - |
| Gross operating margin9900 | -€1,732 | -€1,981 | -€1,931 | €342 | €62,959 | ▲ 18,320% |
| Operating profit (loss)9901 | -€1,833 | -€1,981 | -€1,931 | -€193 | €18,759 | ▲ 9,807% |
| Financial income75/76B | - | - | - | - | €672 | - |
| Recurring financial income75 | - | - | - | - | €672 | - |
| Financial charges65/66B | €47 | €57 | €52 | €733 | €84 | ▼ 88.5% |
| Recurring financial charges65 | €47 | €57 | €52 | €733 | €84 | ▼ 88.5% |
| Profit (loss) for the period before taxes9903 | -€1,879 | -€2,037 | -€1,982 | -€926 | €19,347 | ▲ 2,189% |
| Income taxes67/77 | - | - | - | - | €14,897 | - |
| Profit (loss) for the period9904 | -€1,879 | -€2,037 | -€1,982 | -€926 | €4,450 | ▲ 581% |
| Profit (loss) for the period to be appropriated9905 | -€1,879 | -€2,037 | -€1,982 | -€926 | €4,450 | ▲ 581% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,121 | €63,443 | €76,264 | €77,388 | €110,879 | ▲ 43.3% |
| Fixed assets21/28 | €38,000 | €58,000 | €75,900 | €75,900 | €32,500 | ▼ 57.2% |
| Financial fixed assets28 | €38,000 | €58,000 | €75,900 | €75,900 | €32,500 | ▼ 57.2% |
| Current assets29/58 | €5,121 | €5,443 | €364 | €1,488 | €78,379 | ▲ 5,168% |
| Amounts receivable within one year40/41 | - | - | - | €296 | €72,490 | ▲ 24,390% |
| Trade receivables40 | - | - | - | €296 | €72,490 | ▲ 24,390% |
| Cash at bank and in hand54/58 | €5,121 | €5,443 | €364 | €1,192 | €5,889 | ▲ 394% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,121 | €63,443 | €76,264 | €77,388 | €110,879 | ▲ 43.3% |
| Equity10/15 | €6,181 | €4,143 | €2,059 | €1,133 | €5,583 | ▲ 393% |
| Contributions10/11 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Profit (loss) carried forward14 | -€1,879 | -€3,917 | -€6,001 | -€6,927 | -€2,477 | ▲ 64.2% |
| Amounts payable17/49 | €36,940 | €59,300 | €74,205 | €76,255 | €105,296 | ▲ 38.1% |
| Amounts payable within one year42/48 | €36,940 | €59,300 | €74,205 | €76,255 | €105,296 | ▲ 38.1% |
| Trade debts44 | - | €1,595 | €0 | - | €38 | - |
| Suppliers440/4 | - | €1,595 | €0 | - | €38 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €28,628 | - |
| Taxes450/3 | - | - | - | - | €28,628 | - |
| Other amounts payable47/48 | €36,940 | €57,705 | €74,205 | €76,255 | €76,630 | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,879 | -€2,037 | -€1,982 | -€926 | €4,450 | ▲ 581% |
| Operating cash flow (approximation) | -€1,879 | -€2,037 | -€1,982 | -€926 | €4,450 | ▲ 581% |
| Investment in fixed assets (approximation) | - | -€20,000 | -€17,900 | €0 | €43,400 | - |
| Change in cash | - | €322 | -€5,079 | €828 | €4,698 | ▲ 467% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4,450
Net result €4,450 after 4 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Weakest financial yearnet -€2,037
Net result drops to -€2,037, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 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, Antwerpen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Regine Beerplein 12018 Antwerpen1 establishment unit
Happen
since 20202.311.743.194
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
70%
According to the 2025 annual accounts of Happen and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 3,532 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
Founded06-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
finance@trueagency.eu
Phone
0498102980
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757882972
Registered
27-03-2026
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.