HAQUIN
ActiveHAQUIN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €93k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 42% of 7962 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
91
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency79▼-18
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 3.06 in 2024), but 58.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
41.4%
Return on assets
31.9%
Age of the figures
8 mo
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
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 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
34 d early
2023
29 d late
2022
38 d early
2021
28 d late
2020
12 d late
2019
28 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€121k▼ 20.8%
2024 · €153k
2019: €84k
2020: €135k
2021: €218k
2022: €113k
2023: €92k
2024: €153k
2019 → 2025
Total assets
€293k▲ 7.1%
2024 · €273k
2019: €144k
2020: €207k
2021: €290k
2022: €160k
2023: €196k
2024: €273k
2019 → 2025
Net result
€93k▲ 52.5%
2024 · €61k
2019: €77k
2020: €57k
2021: €83k
2022: €93k
2023: €73k
2024: €61k
2019 → 2025
Working capital
€66k▼ 43.7%
2024 · €117k
2019: €81k
2020: €132k
2021: €214k
2022: €114k
2023: €26k
2024: €117k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€218k-€113k▼ 48.2%€92k▼ 18.8%€153k▲ 66.8%€121k▼ 20.8%
Operating result€106k-€120k▲ 14.0%€97k▼ 19.0%€83k▼ 15.3%€128k▲ 55.4%
Net result€83k-€93k▲ 12.5%€73k▼ 22.0%€61k▼ 16.0%€93k▲ 52.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €293k
Fixed assets
€134k▲ 34.7%
Current assets
€158k▼ 8.8%
Equity and liabilities €293k
Equity
€121k▼ 20.8%
Debt
€172k▲ 42.3%
The debt ratio rises from 44.1% to 58.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€151k▲
2024 · €101k
Cash flow
€116k▲
2024 · €80k
Solvency
41.4%▼
2024 · 55.9%
Current ratio
1.71▼
2024 · 3.06
Quick ratio
1.43▼
2024 · 2.76
Debt / equity
1.42▲
2024 · 0.79
ROE
77.1%▲
2024 · 40.0%
ROA
31.9%▲
2024 · 22.4%
Interest coverage
28.11▲
2024 · 20.84
Debt
€172k▲
2024 · €121k
Debt ≤ 1 year
€92k▲
2024 · €57k
Debt > 1 year
€79k▲
2024 · €64k
Income taxes
€32k▲
2024 · €22k
Staff costs
€3k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€273k€293k▲
Fixed assets21/28€100k€134k▲
Tangible fixed assets22/27€100k€134k▲
Plant, machinery and equipment23€37k€27k▼
Furniture and vehicles24€1k€50k▲
Other tangible fixed assets26€62k€58k▼
Current assets29/58€173k€158k▼
Stocks and contracts in progress3€17k€26k▲
Stocks30/36€17k€26k▲
Amounts receivable within one year40/41€143k€73k▼
Trade receivables40€49k€14k▼
Other amounts receivable41€94k€59k▼
Cash at bank and in hand54/58€13k€59k▲
Deferred charges and accrued income490/1€930€346▼
Equity and liabilities
Total equity and liabilities10/49€273k€293k▲
Equity10/15€153k€121k▼
Contributions10/11€19k€19k=
Reserves13€134k€102k▼
Distributable reserves133€134k€102k▼
Profit (loss) carried forward14€159€446▲
Amounts payable17/49€121k€172k▲
Amounts payable after more than one year17€64k€79k▲
Financial debts170/4€64k€79k▲
Amounts payable within one year42/48€57k€92k▲
Current portion of amounts payable after more than one year42€25k€34k▲
Financial debts43€7k€13k▲
Credit institutions430/8€7k€13k▲
Other loans439€0-
Trade debts44€21k€8k▼
Suppliers440/4€21k€8k▼
Taxes, remuneration and social security45€4k€35k▲
Taxes450/3€3k€33k▲
Remuneration and social security454/9€904€2k▲
Other amounts payable47/48€0€3k▲
Accrued charges and deferred income492/3-€5
Income statement
Code20242025
Remuneration, social security and pensions62€9k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€23k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€112k€155k▲
Operating profit (loss)9901€83k€128k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€83k€125k▲
Income taxes67/77€22k€32k▲
Profit (loss) for the period9904€61k€93k▲
Profit (loss) for the period to be appropriated9905€61k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€93k▲
Profit (loss) brought forward from the previous period14P€493€159▼
Transfer from equity791/2€0€125k▲
Transfer to equity691/2€62k€93k▲
To other reserves6921€62k€93k▲
Profit to be distributed694/7€0€125k▲
Return on contributions (dividend)694€0€125k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.06
Current ratio from 1.39 to 3.06; short-term debt falls from €66k to €57k.
31-12
Financial
Equity above €150kEq €153k ▲66.8%
6 profitable years in a row build equity to €153k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €93k ▲12.5%
Net result €93k, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Equity above €200kEq €218k ▲61.5%
3 profitable years in a row build equity to €218k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €57k ▼25.7%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €135k ▲61.4%
2 profitable years in a row build equity to €135k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Lievens-Houtem · 1 establishment unit since 2018
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.
Dries 39520 Sint-Lievens-HoutemGround area
671 m²
Building footprint
283 m²
Parcel 41063B0281/00P002, Flanders. Linked by address, not a title deed.
1 establishment unit
SJOKOLOKO
since 20182.278.207.128
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41063B0281/00P002 | Flanders | 671 m² | 1 · 283 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 384 EUR awarded · 384 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 384 EUR | 384 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Lievens-Houtem2.278.207.128
Similar companies · same sector, comparable size
Massepain Sleeubus
BE 0404.852.363
Antwerpen · Eq €122k
Choc'Passion
BE 0764.396.622
Jodoigne · Eq €122k
My Organic Chocolate
BE 0759.525.638
Anderlecht · Eq €119k
LERDOS
BE 0432.833.103
Nazareth-De Pinte · Eq €118k
THEYSMANS
BE 0673.789.318
Herk-de-Stad · Eq €117k
Of 722 companies in sector 10820 we hold annual accounts for 349. 238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-08-2018
Fiscal year end31-12
Activities, NACEBEL
10820Manufacture of cocoa, chocolate and sugar confectionery
64200Holdings
64210Activities of holding companies
10711Manufacture of food products
28250Manufacture of machinery and equipment not elsewhere classified
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.