HARDEF
ActiveHARDEF has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-4k) and a net result of €-660. Equity is shrinking by ~48.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+8
Solvency21▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.21 in 2024; short-term debt: 81.3% and cash: 10.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
-3.7%
Return on assets
-0.6%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-4k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
6 d early
2022
45 d early
2021
3 d early
2020
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k▼ 20.2%
2024 · €-3k
2020: €3k
2021: €2k
2022: €3k
2023: €2k
2024: €-3k
2020 → 2025
Total assets
€107k▼ 12.3%
2024 · €122k
2020: €21k
2021: €69k
2022: €81k
2023: €79k
2024: €122k
2020 → 2025
Net result
€-660▲ 88.2%
2024 · €-6k
2020: €-3k
2021: €-2k
2022: €1k
2023: €-524
2024: €-6k
2020 → 2025
Working capital
€-72k▲ 2.9%
2024 · €-75k
2020: €-4k
2021: €-41k
2022: €-61k
2023: €-57k
2024: €-75k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€3k▲ 83.1%€2k▼ 18.6%€-3k€-4k▼ 20.2%
Operating result€-1k-€3k€184▼ 93.4%€-3k€3k
Net result€-2k-€1k€-524€-6k▼ 963%€-660▲ 88.2%
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: €3k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€92k▼ 9.3%
Current assets
€14k▼ 27.7%
Key figures and ratios
EBITDA
€25k▲
2024 · €14k
Cash flow
€21k▲
2024 · €11k
Solvency
-3.7%▼
2024 · -2.7%
Current ratio
0.17▼
2024 · 0.21
Quick ratio
0.17▼
2024 · 0.21
Debt / equity
-28.14▲
2024 · -38.19
ROA
-0.6%▲
2024 · -4.6%
Interest coverage
5.96▲
2024 · 5.60
Debt
€111k▼
2024 · €125k
Debt ≤ 1 year
€87k▼
2024 · €94k
Debt > 1 year
€24k▼
2024 · €30k
Income taxes
€19
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€122k€107k▼
Fixed assets21/28€102k€92k▼
Tangible fixed assets22/27€102k€92k▼
Land and buildings22€79k€78k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€18k€12k▼
Current assets29/58€20k€14k▼
Amounts receivable within one year40/41€329€2k▲
Trade receivables40€101€2k▲
Other amounts receivable41€228€197▼
Cash at bank and in hand54/58€18k€11k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€122k€107k▼
Equity10/15€-3k€-4k▼
Contributions10/11€7k€7k=
Outside capital11€7k€7k=
Other1109/19€7k€7k=
Profit (loss) carried forward14€-10k€-11k▼
Amounts payable17/49€125k€111k▼
Amounts payable after more than one year17€30k€24k▼
Financial debts170/4€30k€24k▼
Amounts payable within one year42/48€94k€87k▼
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€12k€7k▼
Suppliers440/4€12k€7k▼
Taxes, remuneration and social security45€775€1k▲
Taxes450/3€775€1k▲
Other amounts payable47/48€76k€72k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€22k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€15k€28k▲
Operating profit (loss)9901€-3k€3k▲
Financial income75/76B€11€74▲
Recurring financial income75€11€74▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€-6k€-641▲
Income taxes67/77-€19
Profit (loss) for the period9904€-6k€-660▲
Profit (loss) for the period to be appropriated9905€-6k€-660▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-11k▼
Profit (loss) brought forward from the previous period14P€-4k€-10k▼
The notes to these accounts (5 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dinant · 1 establishment unit since 2019
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.
Taviet 395503 Dinant1 establishment unit
Hardef SPRL
since 20192.285.821.331
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Of 2,264 companies in sector 71113 we hold annual accounts for 658. 173 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2019
Fiscal year end30-09
Activities, NACEBEL
71113Urban planning and landscape architecture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
55209Other holiday and short-stay accommodation
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.