HARIKA DEVELOPMENTS
The computed 12-month bankruptcy probability of HARIKA DEVELOPMENTS is 3.7% (moderate). The 2024 annual accounts show equity of €80k and a net result of €3k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 325 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €80k |
| Net result | €3k |
| Better than sector | 69% |
| Active | 16 yrs |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.1% | 12.4% | |
| Net result | €3k | €2k | |
| Equity | €80k | €20k | |
| Gross operating margin | €45k | €184k | |
| Staff costs | €2k | €223k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €283k |
| EBITDA | €38k |
| Net profit | €3k |
| Cash flow | €32k |
| Staff costs | €2k |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €294k |
| Equity | €80k |
| Debt | €215k |
| of which ≤ 1y | €50k |
| of which > 1y | €135k |
| Working capital | €94k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 2.88 |
| Quick ratio | 2.83 |
| Working capital ratio | 32.0% |
| Solvency | 27.1% |
| Debt / equity | 2.69 |
| Long-term debt ratio | 1.70 |
| Interest coverage | 10.62 |
| Gross margin | 7.5% |
| Net margin | 1.1% |
| ROA | 1.1% |
| ROE | 3.9% |
| EBITDA margin | 13.6% |
| Days sales outstanding | 49d |
| Days payable outstanding | 11d |
| Inventory turnover | 112.58 |
| Days inventory (DSI) | 3d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €294k |
| Fixed assets | 21/28 | €150k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €150k |
| Financial fixed assets | 28 | €244 |
| Current assets | 29/58 | €145k |
| Stocks & contracts in progress | 3 | €2k |
| Amounts receivable within one year | 40/41 | €56k |
| Cash & bank | 54/58 | €86k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €294k |
| Equity | 10/15 | €80k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €59k |
| Amounts payable | 17/49 | €215k |
| Amounts payable after one year | 17 | €135k |
| Amounts payable within one year | 42/48 | €50k |
| Trade debts payable within one year | 44 | €8k |
| Income statement | ||
| Turnover | 70 | €283k |
| Gross operating margin | 9900 | €45k |
| Operating result | 9901 | €10k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €6k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
-
Current16-12-2025 → present
-
Current01-07-2021 → present
2 events
- 16-12-2025 Mandate renewed· Director
- 01-07-2021 Appointed· Managing director
-
Current01-07-2021 → present
2 events
- 16-12-2025 Mandate renewed· Director
- 01-07-2021 Appointed· Managing director
-
Current01-04-2015 → present
2 events
- 16-12-2025 Mandate renewed· Director
- 01-04-2015 Appointed· Manager
Former directors (2)
-
Former01-07-2021 → 16-12-2025
2 events
- 16-12-2025 Resigned· Managing director
- 01-07-2021 Appointed· Managing director
-
Former01-04-2015 → 01-01-2020
2 events
- 01-01-2020 Resigned· Managing director
- 01-04-2015 Appointed· Manager
| NACE primary | Food & beverage service(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 15-01-2010 |
| Status | Active |
| Postal code | 1160 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0350/00F005 | Brussels | 252 m² | 1 · 108 m² | 17.3 m · 5 fl. |
| 21332B0350/00L005 | Brussels | 225 m² | 1 · 100 m² | 17.2 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
16-12-2025 Articles of association amended
Technical details
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}26-08-2021 3 directors appointed, 1 resigning
- NASSIF Claudine, Gedelegeerd bestuurder
- HARIKA Elissa, Gedelegeerd bestuurder
- HARIKA Christopher, Gedelegeerd bestuurder
- SABBE Rita, Gedelegeerd bestuurder
Technical details
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}28-05-2015 2 directors appointed
- DEVILLE Jérôme, Zaakvoerder
- SABBE Rita, Zaakvoerder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | HARIKA DEVELOPMENTS |