Summary
HARDES 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 €111,791 and a net result of €73,911. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 5565 sector peers (fiscal year 2025). The company has been active since 2016 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 30-06-2025 was due by 31-01-2026 and was filed on 19-10-2025, 104 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
104 d early
2024
22 d early
2023
41 d early
2022
130 d early
2021
24 d early
2020
22 d late
2019
18 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 45 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€111,791▲ 24.6%
2024 · €89,700
Net result
€73,911▲ 29.9%
2024 · €56,914
Total assets
€260,500▲ 11.2%
2024 · €234,211
Solvency
42.9%▲ 4.6pp
2024 · 38.3%
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€8,814▼ 58.9%€31,130▲ 253%€11,243▼ 63.9%€3,005▼ 73.3%€30,087▲ 901%
Net result€670below the sector's middle half▼ 92.6%€78,489above the sector's middle half▲ 11,623%€8,951within the sector's middle half▼ 88.6%€56,914within the sector's middle half▲ 536%€73,911within the sector's middle half▲ 29.9%
Equity€62,994within the sector's middle half▲ 1.1%€82,659within the sector's middle half▲ 31.2%€91,610below the sector's middle half▲ 10.8%€89,700below the sector's middle half▼ 2.1%€111,791below the sector's middle half▲ 24.6%
Total assets€234,741within the sector's middle half▼ 7.3%€311,743within the sector's middle half▲ 32.8%€249,592below the sector's middle half▼ 19.9%€234,211below the sector's middle half▼ 6.2%€260,500below the sector's middle half▲ 11.2%
Debt€171,747▼ 10.1%€229,085▲ 33.4%€157,983▼ 31.0%€144,510▼ 8.5%€148,710▲ 2.9%
Working capital-€4,972▲ 19.1%€6,858€15,360▲ 124%€12,769▼ 16.9%€78,337▲ 513%
Solvency26.8%within the sector's middle half▲ 2.2pp26.5%within the sector's middle half▼ 0.3pp36.7%within the sector's middle half▲ 10.2pp38.3%within the sector's middle half▲ 1.6pp42.9%within the sector's middle half▲ 4.6pp
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 901% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260,500
Fixed assets
€151,704 ▼ 25.9%
Current assets
€108,796 ▲ 270%
Equity and liabilities €260,500
Equity
€111,791 ▲ 24.6%
Debt
€148,710 ▲ 2.9%
Debt's share of the balance-sheet total falls from 61.7% to 57.1%. Equity and debt are higher.
Key figures and ratios
ROE
66.1%▲
2024 · 63.4%
ROA
28.4%▲
2024 · 24.3%
Debt ≤ 1 year
€30,459▲
2024 · €16,631
Debt > 1 year
€118,250▼
2024 · €127,879
Income taxes
€8,046▲
2024 · €1,090
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 | €8,300 | €8,519 | €8,708 | €8,708 | €10,918 | ▲ 25.4% |
| Other operating charges640/8 | - | €1,233 | €1,371 | €1,514 | €1,958 | ▲ 29.3% |
| Gross operating margin9900 | €17,992 | €40,882 | €21,322 | €13,226 | €42,963 | ▲ 225% |
| Operating profit (loss)9901 | €8,814 | €31,130 | €11,243 | €3,005 | €30,087 | ▲ 901% |
| Financial income75/76B | - | €59,083 | €5,870 | €59,174 | €61,609 | ▲ 4.1% |
| Recurring financial income75 | €38 | €59,083 | €5,870 | €59,174 | €57,343 | ▼ 3.1% |
| Non-recurring financial income76B | - | - | - | - | €4,266 | - |
| Financial charges65/66B | - | €4,796 | €4,352 | €4,175 | €9,739 | ▲ 133% |
| Recurring financial charges65 | €5,378 | €4,796 | €4,352 | €4,175 | €9,739 | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €2,474 | €85,417 | €12,761 | €58,004 | €81,957 | ▲ 41.3% |
| Income taxes67/77 | €1,805 | €6,929 | €3,810 | €1,090 | €8,046 | ▲ 638% |
| Profit (loss) for the period9904 | €670 | €78,489 | €8,951 | €56,914 | €73,911 | ▲ 29.9% |
| Profit (loss) for the period to be appropriated9905 | €670 | €78,489 | €8,951 | €56,914 | €73,911 | ▲ 29.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €234,741 | €311,743 | €249,592 | €234,211 | €260,500 | ▲ 11.2% |
| Fixed assets21/28 | €223,320 | €222,227 | €213,519 | €204,811 | €151,704 | ▼ 25.9% |
| Tangible fixed assets22/27 | €158,320 | €151,027 | €142,319 | €133,611 | €151,704 | ▲ 13.5% |
| Land and buildings22 | - | €150,021 | €141,721 | €133,422 | €147,829 | ▲ 10.8% |
| Furniture and vehicles24 | - | €1,006 | €598 | €189 | €3,876 | ▲ 1,949% |
| Financial fixed assets28 | €65,000 | €71,200 | €71,200 | €71,200 | - | - |
| Current assets29/58 | €11,420 | €89,516 | €36,074 | €29,400 | €108,796 | ▲ 270% |
| Amounts receivable within one year40/41 | €847 | €749 | €1,719 | €2,717 | €35,419 | ▲ 1,203% |
| Trade receivables40 | - | - | - | - | €14,253 | - |
| Other amounts receivable41 | - | €749 | €1,719 | €2,717 | €21,166 | ▲ 679% |
| Current investments50/53 | - | - | - | - | €1,000 | - |
| Cash at bank and in hand54/58 | €8,869 | €86,385 | €32,650 | €24,895 | €67,832 | ▲ 172% |
| Deferred charges and accrued income490/1 | - | €2,382 | €1,705 | €1,788 | €4,545 | ▲ 154% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €234,741 | €311,743 | €249,592 | €234,211 | €260,500 | ▲ 11.2% |
| Equity10/15 | €62,994 | €82,659 | €91,610 | €89,700 | €111,791 | ▲ 24.6% |
| Contributions10/11 | - | €70,000 | €70,000 | €70,000 | €30,316 | ▼ 56.7% |
| Reserves13 | €203 | €203 | €203 | €203 | €203 | = |
| Tax-exempt reserves132 | - | €203 | €203 | €203 | €203 | = |
| Profit (loss) carried forward14 | -€7,209 | €12,456 | €21,407 | €19,497 | €81,272 | ▲ 317% |
| Amounts payable17/49 | €171,747 | €229,085 | €157,983 | €144,510 | €148,710 | ▲ 2.9% |
| Amounts payable after more than one year17 | €155,355 | €146,426 | €137,269 | €127,879 | €118,250 | ▼ 7.5% |
| Financial debts170/4 | - | €146,426 | €137,269 | €127,879 | €118,250 | ▼ 7.5% |
| Amounts payable within one year42/48 | €16,392 | €82,659 | €20,713 | €16,631 | €30,459 | ▲ 83.1% |
| Current portion of amounts payable after more than one year42 | - | €8,929 | €9,156 | €9,390 | €9,629 | ▲ 2.5% |
| Financial debts43 | - | - | €4,181 | - | €12,529 | - |
| Credit institutions430/8 | - | - | €4,181 | - | €12,529 | - |
| Trade debts44 | €1,490 | €1,500 | €734 | €398 | €1,487 | ▲ 274% |
| Suppliers440/4 | - | €1,500 | €734 | €398 | €1,487 | ▲ 274% |
| Taxes, remuneration and social security45 | - | €13,407 | €6,642 | €6,844 | €6,815 | ▼ 0.4% |
| Taxes450/3 | - | €11,858 | €4,981 | €5,137 | €6,481 | ▲ 26.2% |
| Remuneration and social security454/9 | - | €1,549 | €1,661 | €1,706 | €334 | ▼ 80.4% |
| Other amounts payable47/48 | - | €58,824 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €670 | €78,489 | €8,951 | €56,914 | €73,911 | ▲ 29.9% |
| + Depreciation and write-downs630 | €8,300 | €8,519 | €8,708 | €8,708 | €10,918 | ▲ 25.4% |
| Operating cash flow (approximation) | €8,969 | €87,008 | €17,659 | €65,622 | €84,829 | ▲ 29.3% |
| Investment in fixed assets (approximation) | - | -€7,426 | €0 | €0 | €42,188 | - |
| Change in cash | - | €77,517 | -€53,735 | -€7,755 | €42,937 | ▲ 654% |
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
2025
19-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Liquidity doublescurrent ratio 3.57
Current ratio from 1.77 to 3.57.
30-06
Financial
Equity above €100,000Eq €111,791 ▲24.6%
7 profitable years in a row build equity to €111,791.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €78,489 ▲11,623%
Operating result €31,130, net result €78,489, both a record.
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €670 ▼92.6%
Net result drops to €670, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 22 days late
2020
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lokeren · 1 establishment unit since 2016
Ground area
846 m²
Building footprint
108 m²
Volume, LiDAR
490 m³
Parcel 46007B0120/00V000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HARDES
since 20162.256.452.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007B0120/00V000 | Flanders | 846 m² | 1 · 108 m² | 7.8 m · 2 fl. |
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
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-06-2024 of HARDES 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. 12,594 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-08-2016
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
ringo@hardes.be
Phone
0477840752
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660662050
Also
9925:BE0660662050
Registered
28-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.