Summary
HAPROCO 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 €4.4m and a net result of -€114,322. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 13% of 2413 sector peers (fiscal year 2025). The company has been active since 1985 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
8 d early
2023
12 d early
2022
14 d early
2021
16 d early
2020
37 d early
2019
38 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 19 days before 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Suslino · 19 companies What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
In the rankings
#3 oldest company in Wingene, Finance and insurance sector#5 company by total assets in Wingene, Finance and insurance sector#9 company by equity in Wingene, Finance and insurance sector
Equity
€4.4m▼ 2.5%
2024 · €4.5m
Net result
-€114,322
2024 · €17,483
Total assets
€35.7m▲ 3.7%
2024 · €34.4m
Solvency
12.3%▼ 0.8pp
2024 · 13.1%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€199,000▼ 84.9%€225,000▲ 13.1%€150,000▼ 33.3%€160,000▲ 6.7%€130,000▼ 18.8%
Operating result€179,395▼ 86.2%€202,167▲ 12.7%€125,091▼ 38.1%€126,965▲ 1.5%€94,468▼ 25.6%
Net result-€82,477-€98,759▼ 19.7%€167,864€17,483▼ 89.6%-€114,322
Equity€5.4m▼ 1.5%€5.3m▼ 1.8%€5.5m▲ 3.2%€4.5m▼ 17.9%€4.4m▼ 2.5%
Total assets€36.8m▲ 4.9%€39.5m▲ 7.3%€36.2m▼ 8.3%€34.4m▼ 5.0%€35.7m▲ 3.7%
Debt€31.4m▲ 6.1%€34.2m▲ 8.9%€30.7m▼ 10.1%€29.9m▼ 2.7%€31.3m▲ 4.6%
Working capital-€180,748▲ 96.2%-€279,555▼ 54.7%€1.4m€605,792▼ 56.4%€491,470▼ 18.9%
Solvency14.7%▼ 1.0pp13.5%▼ 1.3pp15.2%▲ 1.7pp13.1%▼ 2.1pp12.3%▼ 0.8pp
Why a figure moved sharply
- 2024 Net result -90% on 2023. Cause not known from the registers.
- 2021 Turnover -85% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35.7m
Fixed assets
€30.9m =
Current assets
€4.8m ▲ 36.4%
Equity and liabilities €35.7m
Equity
€4.4m ▼ 2.5%
Debt
€31.3m ▲ 4.6%
Debt's share of the balance-sheet total rises from 86.9% to 87.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-2.6%▼
2024 · 0.4%
ROA
-0.3%▼
2024 · 0.1%
Debt ≤ 1 year
€4.3m▲
2024 · €2.9m
Debt > 1 year
€27.0m=
2024 · €27.0m
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €199,000 | €225,000 | €150,000 | €160,000 | €130,000 | ▼ 18.8% |
| Turnover70 | €199,000 | €225,000 | €150,000 | €160,000 | €130,000 | ▼ 18.8% |
| Operating charges60/66A | €19,605 | €22,833 | €24,909 | €33,035 | €35,532 | ▲ 7.6% |
| Services and other goods61 | €18,319 | €21,388 | €23,261 | €31,580 | €33,865 | ▲ 7.2% |
| Other operating charges640/8 | €1,287 | €1,445 | €1,647 | €1,454 | €1,667 | ▲ 14.6% |
| Operating profit (loss)9901 | €179,395 | €202,167 | €125,091 | €126,965 | €94,468 | ▼ 25.6% |
| Financial income75/76B | €333,319 | €397,431 | €1.1m | €691,677 | €490,942 | ▼ 29.0% |
| Recurring financial income75 | €333,319 | €397,431 | €1.1m | €691,677 | €490,942 | ▼ 29.0% |
| Income from financial fixed assets750 | €243,807 | €243,212 | €418,888 | €284,415 | €368,853 | ▲ 29.7% |
| Income from current assets751 | €89,512 | €154,219 | €693,500 | €407,261 | €122,089 | ▼ 70.0% |
| Financial charges65/66B | €595,191 | €698,357 | €1.1m | €799,789 | €699,732 | ▼ 12.5% |
| Recurring financial charges65 | €595,191 | €698,357 | €1.1m | €799,789 | €699,732 | ▼ 12.5% |
| Debt charges650 | €594,749 | €697,814 | €1.1m | €799,123 | €699,034 | ▼ 12.5% |
| Other financial charges652/9 | €441 | €543 | €662 | €667 | €698 | ▲ 4.7% |
| Profit (loss) for the period before taxes9903 | -€82,477 | -€98,759 | €167,864 | €18,853 | -€114,322 | ▼ 706% |
| Income taxes67/77 | - | - | - | €1,370 | - | - |
| Taxes670/3 | - | - | - | €1,370 | - | - |
| Profit (loss) for the period9904 | -€82,477 | -€98,759 | €167,864 | €17,483 | -€114,322 | ▼ 754% |
| Profit (loss) for the period to be appropriated9905 | -€82,477 | -€98,759 | €167,864 | €17,483 | -€114,322 | ▼ 754% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36.8m | €39.5m | €36.2m | €34.4m | €35.7m | ▲ 3.7% |
| Fixed assets21/28 | €31.4m | €31.4m | €30.4m | €30.9m | €30.9m | = |
| Financial fixed assets28 | €31.4m | €31.4m | €30.4m | €30.9m | €30.9m | = |
| Affiliated companies280/1 | €31.4m | €31.4m | €30.4m | €30.9m | €30.9m | = |
| Participating interests280 | €19.4m | €19.4m | €19.4m | €19.4m | €19.4m | = |
| Amounts receivable281 | €12.0m | €12.0m | €11.0m | €11.5m | €11.5m | = |
| Current assets29/58 | €5.4m | €8.1m | €5.8m | €3.5m | €4.8m | ▲ 36.4% |
| Amounts receivable within one year40/41 | €5.4m | €8.1m | €5.8m | €3.5m | €4.8m | ▲ 36.4% |
| Trade receivables40 | €46 | €101 | €385 | €167 | €331 | ▲ 98.2% |
| Other amounts receivable41 | €5.4m | €8.1m | €5.8m | €3.5m | €4.8m | ▲ 36.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36.8m | €39.5m | €36.2m | €34.4m | €35.7m | ▲ 3.7% |
| Equity10/15 | €5.4m | €5.3m | €5.5m | €4.5m | €4.4m | ▼ 2.5% |
| Contributions10/11 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Capital10 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Issued capital100 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Reserves13 | €360,000 | €360,000 | €360,000 | €360,000 | €360,000 | = |
| Non-distributable reserves130/1 | €360,000 | €360,000 | €360,000 | €360,000 | €360,000 | = |
| Legal reserve130 | €360,000 | €360,000 | €360,000 | €360,000 | €360,000 | = |
| Profit (loss) carried forward14 | €1.5m | €1.4m | €1.5m | €549,410 | €435,089 | ▼ 20.8% |
| Amounts payable17/49 | €31.4m | €34.2m | €30.7m | €29.9m | €31.3m | ▲ 4.6% |
| Amounts payable after more than one year17 | €25.8m | €25.8m | €26.3m | €27.0m | €27.0m | = |
| Financial debts170/4 | €25.8m | €25.8m | €26.3m | €27.0m | €27.0m | = |
| Other loans174 | €25.8m | €25.8m | €26.3m | €27.0m | €27.0m | = |
| Amounts payable within one year42/48 | €5.6m | €8.4m | €4.4m | €2.9m | €4.3m | ▲ 47.9% |
| Trade debts44 | €31 | €1,528 | €203 | €93 | €263 | ▲ 182% |
| Suppliers440/4 | €31 | €1,528 | €203 | €93 | €263 | ▲ 182% |
| Taxes, remuneration and social security45 | €1,358 | €1,358 | €743 | €748 | €475 | ▼ 36.5% |
| Taxes450/3 | €1,358 | €1,358 | €743 | €748 | €475 | ▼ 36.5% |
| Other amounts payable47/48 | €5.6m | €8.4m | €4.4m | €2.9m | €4.3m | ▲ 48.0% |
| Accrued charges and deferred income492/3 | €48 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82,477 | -€98,759 | €167,864 | €17,483 | -€114,322 | ▼ 754% |
| Operating cash flow (approximation) | -€82,477 | -€98,759 | €167,864 | €17,483 | -€114,322 | ▼ 754% |
| Investment in fixed assets (approximation) | - | €0 | €1.0m | -€500,000 | €0 | ▲ 100% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€114,322
Net result drops to -€114,322, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €167,864
Net result €167,864 after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €1.0m
Net result €1.0m after one loss-making year.
31-12
Financial
Equity above €5mEq €5.5m ▲22.9%
Equity rises from €4.5m to €5.5m.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Wingene · 1 establishment unit since 2000
Ground area
2,857 m²
Building footprint
204 m²
Parcel 37018B0586/00A002, Flanders. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Hillesteenweg 54, 8750 Wingene
since 20002.027.302.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018B0586/00A002 | Flanders | 2,857 m² | 1 · 204 m² | - |
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.
Structure & network
Part of the group
Suslino
19 companies
Group, risk and exposure
Owners and holdings
1 owner · 6 holdingsChain of control
- Suslino
- HAECK FINANCE COMPANY
- HAPROCO
Highest known parent: Suslino. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 6
-
99.99%
-
99.99%
-
99.99%
-
99.93%
-
99.9%
-
99.9%
According to the 2025 annual accounts of HAPROCO 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. 8,549 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
Founded04-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427403774
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.