Skip to content

HARCA

Active
Private limited companyfounded 198739 yrs activeTer Klare(S) 6, 8554 Zwevegem, BelgiumKBO/BCE: BE 0432.140.740
Summary

HARCA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €405,633 and a net result of -€18,287. Equity is growing by ~10.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability13▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
short-term debt: 0.1% and cash: 1% of total assets, and 0.3% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
99.7%
Return on assets
-4.5%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€18,287
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
34 d early
2023
29 d late
2022
31 d late
2021
31 d late
2020
53 d early
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HARCA was incorporated on 28 September 1987.1 Total assets rose from EUR 339,247 in 2018 to EUR 406,894 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Go further with this company

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
€405,633▼ 4.3%
2023 · €423,919
Total assets
€406,894▼ 4.0%
2023 · €423,919
Net result
-€18,287▼ 28.6%
2023 · -€14,215
Working capital
€120,437▼ 3.7%
2023 · €125,003
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
Line20202021202220232024
Operating result€333,541▲ 4,584%€120,050▼ 64.0%-€2,613-€17,336▼ 564%-€19,675▼ 13.5%
Net result€226,173▲ 3,686%€47,541▼ 79.0%-€305-€14,215▼ 4,565%-€18,287▼ 28.6%
Equity€390,898▲ 137%€438,439▲ 12.2%€438,134▼ 0.1%€423,919▼ 3.2%€405,633▼ 4.3%
Total assets€539,212▲ 56.2%€639,967▲ 18.7%€521,276▼ 18.5%€423,919▼ 18.7%€406,894▼ 4.0%
Debt€148,314▼ 17.8%€201,528▲ 35.9%€83,141▼ 58.7%€0▼ 100%€1,262
Working capital€147,601€206,603▲ 40.0%€199,436▼ 3.5%€125,003▼ 37.3%€120,437▼ 3.7%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000€300,000Operating result 2020: €333,541€333,541Net result 2020: €226,173€226,173Operating result 2021: €120,050€120,050Net result 2021: €47,541€47,541Operating result 2022: -€2,613-€2,613Net result 2022: -€305-€305Operating result 2023: -€17,336-€17,336Net result 2023: -€14,215-€14,215Operating result 2024: -€19,675-€19,675Net result 2024: -€18,287-€18,28720202021202220232024-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€2,613-€2,610Net result 2022: -€305-€305Operating result 2023: -€17,336-€17,300Net result 2023: -€14,215-€14,200Operating result 2024: -€19,675-€19,700Net result 2024: -€18,287-€18,300202220232024
The operating result stays negative: a loss of €19,675 in 2024 against €17,336 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €406,894
Fixed assets €286,199 ▼ 4.3%
Current assets €120,695 ▼ 3.4%
Equity and liabilities €406,894
Equity €405,633
Debt €1,262
Debt finances 0.3% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€6,958▼
2023 · -€6,451
Cash flow
-€5,570▼
2023 · -€3,330
Debt to equity
0.00▲
2023 · 0.00
ROE
-4.5%▼
2023 · -3.4%
ROA
-4.5%▼
2023 · -3.4%
Interest coverage
-4.32▲
2023 · -15.03
Debt ≤ 1 year
€258▲
2023 · €0
A ratio outside any meaningful range has been withheld (balance sheet total €406,894, equity €405,633).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€423,919€406,894▼
Fixed assets21/28€298,916€286,199▼
Tangible fixed assets22/27€298,916€286,199▼
Land and buildings22€296,784€284,178▼
Plant, machinery and equipment23€2,132€2,021▼
Current assets29/58€125,003€120,695▼
Amounts receivable after more than one year29€100,000€100,000=
Trade receivables290€100,000€100,000=
Amounts receivable within one year40/41€17,052€15,420▼
Trade receivables40€364-
Other amounts receivable41€16,689€15,420▼
Cash at bank and in hand54/58€7,951€4,190▼
Deferred charges and accrued income490/1€0€1,085▲
Equity and liabilities
Total equity and liabilities10/49€423,919€406,894▼
Equity10/15€423,919€405,633▼
Contributions10/11€100,000€100,000=
Reserves13€323,919€305,633▼
Distributable reserves133€323,919€305,633▼
Amounts payable17/49€0€1,262▲
Amounts payable within one year42/48€0€258▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€0€258▲
Suppliers440/4€0€258▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€0-
Accrued charges and deferred income492/3-€1,003
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,885€12,717▲
Other operating charges640/8€8,998€3,903▼
Gross operating margin9900€2,548-€3,055▼
Operating profit (loss)9901-€17,336-€19,675▼
Financial income75/76B€3,550€3,000▼
Recurring financial income75€3,550€3,000▼
Financial charges65/66B€429€1,612▲
Recurring financial charges65€429€1,612▲
Profit (loss) for the period before taxes9903-€14,215-€18,287▼
Profit (loss) for the period9904-€14,215-€18,287▼
Profit (loss) for the period to be appropriated9905-€14,215-€18,287▼
Appropriation of the result
Profit (loss) to be appropriated9906-€14,215-€18,287▼
Transfer from equity791/2€14,215€18,287▲
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Non-recurring operating income76A-€282,365€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,718€7,287€8,898€10,885€12,717▲ 16.8%
Other operating charges640/8-€7,040€2,983€8,998€3,903▼ 56.6%
Non-recurring operating charges66A-€138,339€0---
Gross operating margin9900€358,967€272,715€9,269€2,548-€3,055▼ 220%
Operating profit (loss)9901€333,541€120,050-€2,613-€17,336-€19,675▼ 13.5%
Financial income75/76B-€3,344€3,005€3,550€3,000▼ 15.5%
Recurring financial income75€5,473€3,344€3,005€3,550€3,000▼ 15.5%
Financial charges65/66B-€1,702€697€429€1,612▲ 275%
Recurring financial charges65€6,145€1,702€697€429€1,612▲ 275%
Profit (loss) for the period before taxes9903€332,869€121,691-€305-€14,215-€18,287▼ 28.6%
Income taxes67/77€106,697€74,150€0---
Profit (loss) for the period9904€226,173€47,541-€305-€14,215-€18,287▼ 28.6%
Profit (loss) for the period to be appropriated9905€226,173€47,541-€305-€14,215-€18,287▼ 28.6%
Line20202021202220232024Change
Assets
Total assets20/58€539,212€639,967€521,276€423,919€406,894▼ 4.0%
Fixed assets21/28€266,229€234,659€238,698€298,916€286,199▼ 4.3%
Tangible fixed assets22/27€266,229€234,659€238,698€298,916€286,199▼ 4.3%
Land and buildings22-€231,927€236,456€296,784€284,178▼ 4.2%
Plant, machinery and equipment23-€2,732€2,242€2,132€2,021▼ 5.2%
Current assets29/58€272,983€405,308€282,578€125,003€120,695▼ 3.4%
Amounts receivable after more than one year29--€100,000€100,000€100,000=
Trade receivables290--€100,000€100,000€100,000=
Amounts receivable within one year40/41€176,897€63,194€0€17,052€15,420▼ 9.6%
Trade receivables40---€364--
Other amounts receivable41-€63,194€0€16,689€15,420▼ 7.6%
Cash at bank and in hand54/58€96,086€342,114€181,378€7,951€4,190▼ 47.3%
Deferred charges and accrued income490/1--€1,200€0€1,085-
Equity and liabilities
Total equity and liabilities10/49€539,212€639,967€521,276€423,919€406,894▼ 4.0%
Equity10/15€390,898€438,439€438,134€423,919€405,633▼ 4.3%
Contributions10/11€100,000€100,000€100,000€100,000€100,000=
Reserves13€290,898€338,439€338,134€323,919€305,633▼ 5.6%
Non-distributable reserves130/1-€0----
Reserves not available under the articles1311-€0----
Distributable reserves133-€338,439€338,134€323,919€305,633▼ 5.6%
Amounts payable17/49€148,314€201,528€83,141€0€1,262-
Amounts payable after more than one year17€19,551€2,823€0---
Financial debts170/4-€2,823€0---
Amounts payable within one year42/48€125,382€198,705€83,141€0€258-
Current portion of amounts payable after more than one year42-€16,728€2,823€0--
Trade debts44€2,310€1,130€2,090€0€258-
Suppliers440/4-€1,130€2,090€0€258-
Taxes, remuneration and social security45-€180,846€74,150€0--
Taxes450/3-€180,846€74,150€0--
Other amounts payable47/48--€4,078€0--
Accrued charges and deferred income492/3-€0--€1,003-
Line20202021202220232024Change
Profit (loss) for the period9904€226,173€47,541-€305-€14,215-€18,287▼ 28.6%
+ Depreciation and write-downs630€13,718€7,287€8,898€10,885€12,717▲ 16.8%
Operating cash flow (approximation)€239,890€54,828€8,594-€3,330-€5,570▼ 67.3%
Investment in fixed assets (approximation)-€24,284-€12,938-€71,103€0▲ 100%
Change in cash-€246,028-€160,737-€173,427-€3,761▲ 97.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
27-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€18,287
Net result drops to -€18,287, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
08-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Highest result since 2018net €226,173 ▲3,686%
Operating result €333,541, net result €226,173, both a record.
31-12
Financial Liquidity times 5current ratio 2.18
Current ratio from 0.41 to 2.18; short-term debt falls from €144,520 to €125,382.
31-12
Financial Equity above €200,000Eq €390,898 ▲137%
3 profitable years in a row build equity to €390,898.
01-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-09
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Zwevegem · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
1,435 m²
Building footprint
465 m²
Volume, LiDAR
3,934 m³
2 parcels, Flanders · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HARCA
Vlamingenstraat(Kor) 5/6, 8500 KortrijkNACE 70201
since 19872.032.052.802
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34034F0416/00D000 Flanders 1,140 m² 1 · 179 m² 7.0 m · 2 fl.
34353H1251/00A002 Flanders 294 m² 1 · 286 m² 14.3 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-09-1987
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.