Summary
HAPPY VIEW 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 €862,284 and a net result of €159,202. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 2413 sector peers (fiscal year 2025). The company has been active since 1991 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
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
13 d early
2023
58 d late
2022
13 d early
2021
17 d early
2020
12 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€862,284▲ 22.6%
2024 · €703,082
Net result
€159,202▼ 3.9%
2024 · €165,663
Total assets
€1.4m▲ 1.4%
2024 · €1.3m
Solvency
63.8%▲ 11.0pp
2024 · 52.8%
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€20,403▼ 86.5%-€4,541€190,381€243,175▲ 27.7%€251,535▲ 3.4%
Net result€18,179within the sector's middle half▼ 87.9%-€5,368below the sector's middle half€140,473above the sector's middle half€165,663within the sector's middle half▲ 17.9%€159,202within the sector's middle half▼ 3.9%
Equity€402,314above the sector's middle half▲ 4.7%€396,946within the sector's middle half▼ 1.3%€537,419above the sector's middle half▲ 35.4%€703,082within the sector's middle half▲ 30.8%€862,284below the sector's middle half▲ 22.6%
Total assets€532,714within the sector's middle half▲ 0.7%€528,390within the sector's middle half▼ 0.8%€1.3mabove the sector's middle half▲ 147%€1.3mwithin the sector's middle half▲ 2.1%€1.4mbelow the sector's middle half▲ 1.4%
Debt€130,400▼ 10.1%€131,444▲ 0.8%€767,444▲ 484%€628,823▼ 18.1%€488,654▼ 22.3%
Working capital€207,793▲ 7.5%€433,916▲ 109%€896,645▲ 107%€929,779▲ 3.7%€950,040▲ 2.2%
Solvency75.5%within the sector's middle half▲ 2.9pp75.1%within the sector's middle half▼ 0.4pp41.2%within the sector's middle half▼ 33.9pp52.8%within the sector's middle half▲ 11.6pp63.8%within the sector's middle half▲ 11.0pp
Staff (FTE)0within the sector's middle half0below the sector's middle half
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.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€231,011 ▼ 3.4%
Current assets
€1.1m ▲ 2.5%
Equity and liabilities €1.4m
Equity
€862,284 ▲ 22.6%
Debt
€488,654 ▼ 22.3%
Debt's share of the balance-sheet total falls from 47.2% to 36.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
18.5%▼
2024 · 23.6%
ROA
11.8%▼
2024 · 12.4%
Debt ≤ 1 year
€169,887▲
2024 · €162,884
Debt > 1 year
€239,362▼
2024 · €387,013
Income taxes
€78,451▲
2024 · €58,500
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,266 | €2,324 | €26,431 | €11,790 | €12,501 | ▲ 6.0% |
| Other operating charges640/8 | €1,687 | €1,330 | €1,915 | €3,104 | €2,616 | ▼ 15.7% |
| Non-recurring operating charges66A | - | - | - | - | €439 | - |
| Gross operating margin9900 | €24,356 | -€887 | €218,727 | €258,069 | €267,091 | ▲ 3.5% |
| Operating profit (loss)9901 | €20,403 | -€4,541 | €190,381 | €243,175 | €251,535 | ▲ 3.4% |
| Financial income75/76B | €293 | €20 | €418 | €153 | €1,111 | ▲ 626% |
| Recurring financial income75 | €293 | €20 | €418 | €153 | €1,111 | ▲ 626% |
| Financial charges65/66B | €1,017 | €847 | €11,064 | €19,165 | €14,993 | ▼ 21.8% |
| Recurring financial charges65 | €1,017 | €847 | €11,064 | €19,165 | €14,993 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | €19,679 | -€5,368 | €179,735 | €224,163 | €237,653 | ▲ 6.0% |
| Income taxes67/77 | €1,500 | - | €39,262 | €58,500 | €78,451 | ▲ 34.1% |
| Profit (loss) for the period9904 | €18,179 | -€5,368 | €140,473 | €165,663 | €159,202 | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €18,179 | -€5,368 | €140,473 | €165,663 | €159,202 | ▼ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €532,714 | €528,390 | €1.3m | €1.3m | €1.4m | ▲ 1.4% |
| Fixed assets21/28 | €313,268 | €76,186 | €249,834 | €239,242 | €231,011 | ▼ 3.4% |
| Tangible fixed assets22/27 | €73,022 | €76,186 | €75,907 | €65,315 | €57,084 | ▼ 12.6% |
| Land and buildings22 | €71,748 | €69,938 | €46,135 | €38,897 | - | - |
| Plant, machinery and equipment23 | - | - | €637 | €489 | €342 | ▼ 30.1% |
| Furniture and vehicles24 | €1,274 | €6,248 | €6,856 | €6,006 | €7,517 | ▲ 25.2% |
| Other tangible fixed assets26 | - | - | €22,279 | €19,923 | €49,225 | ▲ 147% |
| Financial fixed assets28 | €240,246 | €0 | €173,927 | €173,927 | €173,927 | = |
| Current assets29/58 | €219,446 | €452,204 | €1.1m | €1.1m | €1.1m | ▲ 2.5% |
| Amounts receivable within one year40/41 | €45,787 | €293,638 | €939,628 | €970,161 | €990,354 | ▲ 2.1% |
| Trade receivables40 | €13,677 | €8,674 | €12,052 | €10,264 | €17,299 | ▲ 68.5% |
| Other amounts receivable41 | €32,110 | €284,964 | €927,576 | €959,897 | €973,055 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €76,436 | €61,528 | €16,143 | €22,249 | €27,475 | ▲ 23.5% |
| Deferred charges and accrued income490/1 | €97,223 | €97,038 | €99,258 | €100,253 | €102,098 | ▲ 1.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €532,714 | €528,390 | €1.3m | €1.3m | €1.4m | ▲ 1.4% |
| Equity10/15 | €402,314 | €396,946 | €537,419 | €703,082 | €862,284 | ▲ 22.6% |
| Contributions10/11 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Capital10 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Issued capital100 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Reserves13 | €116 | €116 | €7,139 | €15,422 | €174,382 | ▲ 1,031% |
| Non-distributable reserves130/1 | €116 | €116 | €7,139 | €15,422 | €23,382 | ▲ 51.6% |
| Legal reserve130 | €116 | €116 | €7,139 | €15,422 | €23,382 | ▲ 51.6% |
| Distributable reserves133 | - | - | - | - | €151,000 | - |
| Profit (loss) carried forward14 | €2,198 | -€3,170 | €130,280 | €287,660 | €287,902 | ▲ 0.1% |
| Amounts payable17/49 | €130,400 | €131,444 | €767,444 | €628,823 | €488,654 | ▼ 22.3% |
| Amounts payable after more than one year17 | €39,821 | €34,231 | €530,135 | €387,013 | €239,362 | ▼ 38.2% |
| Financial debts170/4 | €39,821 | €34,231 | €530,135 | €387,013 | €239,362 | ▼ 38.2% |
| Amounts payable within one year42/48 | €11,653 | €18,288 | €158,384 | €162,884 | €169,887 | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | €5,421 | €5,500 | €138,816 | €143,123 | €147,651 | ▲ 3.2% |
| Trade debts44 | €2,697 | €2,074 | €8,418 | €2,602 | €5,069 | ▲ 94.8% |
| Suppliers440/4 | €2,697 | €2,074 | €8,418 | €2,602 | €5,069 | ▲ 94.8% |
| Taxes, remuneration and social security45 | €3,482 | €10,714 | €11,150 | €17,159 | €17,167 | = |
| Taxes450/3 | €3,482 | €10,714 | €11,150 | €17,159 | €17,167 | = |
| Other amounts payable47/48 | €53 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €78,926 | €78,925 | €78,925 | €78,926 | €79,405 | ▲ 0.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,179 | -€5,368 | €140,473 | €165,663 | €159,202 | ▼ 3.9% |
| + Depreciation and write-downs630 | €2,266 | €2,324 | €26,431 | €11,790 | €12,501 | ▲ 6.0% |
| Operating cash flow (approximation) | €20,445 | -€3,044 | €166,904 | €177,453 | €171,703 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | €234,758 | -€200,079 | -€1,198 | -€4,270 | ▼ 256% |
| Change in cash | - | -€14,908 | -€45,385 | €6,106 | €5,226 | ▼ 14.4% |
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 18 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €140,473
Net result €140,473 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €537,419 ▲35.4%
Equity rises from €396,946 to €537,419.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€5,368
Net result drops to -€5,368, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €256,571 ▲275%
Operating result €260,002, net result €256,571, both a record.
31-12
Financial
Liquidity times 26current ratio 10.39
Current ratio from 0.40 to 10.39; short-term debt falls from €267,797 to €9,629.
Show earlier events
31-12
Financial
Equity above €200,000Eq €233,948
2 profitable years in a row build equity to €233,948.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Kortrijk · 1 establishment unit since 1992
Ground area
4.9 ha
Building footprint
2,207 m²
Volume, LiDAR
14,411 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
President Kennedypark(Kor) 27, 8500 Kortrijk
since 19922.056.762.066
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0080/00A000indicative | Flanders | 3.2 ha | - | - |
| 34354D0147/00E000 | Flanders | 1.6 ha | 1 · 2,207 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 3 holdingsChain of control
- L'ESCALETTE
- HAPPY VIEW
Highest known parent: L'ESCALETTE. The sources do not say who stands above it.
Owners 1
- L'ESCALETTEparent100%
Holdings 3
-
20%
-
20%
-
14.93%
According to the 2025 annual accounts of HAPPY VIEW 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 19,773. 13,028 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68121Development of residential building projects
68122Development of non-residential building projects
Contact
E-mail
p.eggermont@kamoconsult.beKortrijk
Phone
056 782 753Kortrijk
Fax
056 782 759Kortrijk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446084390
Also
9925:BE0446084390
Registered
13-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.