HARJAS
ActiveSummary
HARJAS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83,423 and a net result of €3,710. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 75% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-1
Solvency87▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.46 against 2.72 in 2023; short-term debt: 37.7% and cash: 25.7% of total assets), and 37.7% of the assets are financed with debt.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
62.3%
Return on assets
2.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
27 d late
2022
27 d early
2021
24 d early
2020
37 d early
2019
95 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€83,423▲ 4.7%
2023 · €79,713
Total assets
€133,907▲ 17.0%
2023 · €114,478
Net result
€3,710▼ 5.4%
2023 · €3,921
Working capital
€73,551▲ 23.2%
2023 · €59,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20202021202220232024
Operating result€22,815▲ 112%€13,996▼ 38.7%€8,121▼ 42.0%€6,783▼ 16.5%€5,902▼ 13.0%
Net result€17,787within the sector's middle half▲ 319%€9,302within the sector's middle half▼ 47.7%€3,993within the sector's middle half▼ 57.1%€3,921within the sector's middle half▼ 1.8%€3,710within the sector's middle half▼ 5.4%
Equity€62,496within the sector's middle half▲ 39.8%€71,799within the sector's middle half▲ 14.9%€75,792within the sector's middle half▲ 5.6%€79,713within the sector's middle half▲ 5.2%€83,423within the sector's middle half▲ 4.7%
Total assets€139,662within the sector's middle half▲ 34.7%€83,657within the sector's middle half▼ 40.1%€106,706within the sector's middle half▲ 27.6%€114,478within the sector's middle half▲ 7.3%€133,907within the sector's middle half▲ 17.0%
Debt€77,166▲ 30.9%€11,858▼ 84.6%€30,915▲ 161%€34,766▲ 12.5%€50,485▲ 45.2%
Working capital€56,101▲ 12.2%€62,844▲ 12.0%€65,604▲ 4.4%€59,687▼ 9.0%€73,551▲ 23.2%
Solvency44.7%within the sector's middle half▲ 1.6pp85.8%above the sector's middle half▲ 41.1pp71.0%above the sector's middle half▼ 14.8pp69.6%above the sector's middle half▼ 1.4pp62.3%within the sector's middle half▼ 7.3pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 13% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €133,907
Fixed assets
€9,872 ▼ 50.7%
Current assets
€124,036 ▲ 31.3%
Equity and liabilities €133,907
Equity
€83,423 ▲ 4.7%
Debt
€50,485 ▲ 45.2%
Debt's share of the balance-sheet total rises from 30.4% to 37.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,818▲
2023 · €7,576
Cash flow
€5,626▲
2023 · €4,714
Current ratio
2.46▼
2023 · 2.72
Quick ratio
0.71▲
2023 · 0.24
Debt to equity
0.61▲
2023 · 0.44
ROE
4.4%▼
2023 · 4.9%
ROA
2.8%▼
2023 · 3.4%
Interest coverage
7.05▼
2023 · 9.28
Debt ≤ 1 year
€50,485▲
2023 · €34,766
Income taxes
€1,085▼
2023 · €2,047
Staff costs
€32,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,563 | - | - | €2,000 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €32,495 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €830 | - | - | €793 | €1,916 | ▲ 142% |
| Other operating charges640/8 | - | €5,042 | €5,289 | €2,892 | €6,831 | ▲ 136% |
| Gross operating margin9900 | €28,251 | €19,038 | €13,410 | €10,468 | €47,144 | ▲ 350% |
| Operating profit (loss)9901 | €22,815 | €13,996 | €8,121 | €6,783 | €5,902 | ▼ 13.0% |
| Financial income75/76B | - | €20 | €1 | €1 | €2 | ▲ 78.7% |
| Recurring financial income75 | - | €20 | €1 | €1 | €2 | ▲ 78.7% |
| Financial charges65/66B | - | €2,413 | €1,631 | €817 | €1,109 | ▲ 35.8% |
| Recurring financial charges65 | €4,577 | €2,413 | €1,631 | €817 | €1,109 | ▲ 35.8% |
| Profit (loss) for the period before taxes9903 | €18,238 | €11,603 | €6,491 | €5,968 | €4,795 | ▼ 19.7% |
| Income taxes67/77 | €451 | €2,301 | €2,498 | €2,047 | €1,085 | ▼ 47.0% |
| Profit (loss) for the period9904 | €17,787 | €9,302 | €3,993 | €3,921 | €3,710 | ▼ 5.4% |
| Profit (loss) for the period to be appropriated9905 | €17,787 | €9,302 | €3,993 | €3,921 | €3,710 | ▼ 5.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,662 | €83,657 | €106,706 | €114,478 | €133,907 | ▲ 17.0% |
| Fixed assets21/28 | €6,395 | €8,955 | €10,188 | €20,026 | €9,872 | ▼ 50.7% |
| Tangible fixed assets22/27 | - | - | - | €8,788 | €6,872 | ▼ 21.8% |
| Furniture and vehicles24 | - | - | - | €8,788 | €6,872 | ▼ 21.8% |
| Financial fixed assets28 | €6,395 | €8,955 | €10,188 | €11,238 | €3,000 | ▼ 73.3% |
| Current assets29/58 | €133,267 | €74,702 | €96,518 | €94,453 | €124,036 | ▲ 31.3% |
| Stocks and contracts in progress3 | €48,827 | €54,337 | €82,897 | €86,012 | €88,162 | ▲ 2.5% |
| Stocks30/36 | - | €54,337 | €82,897 | €86,012 | €88,162 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €75,139 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €9,302 | €20,365 | €13,621 | €7,074 | €34,448 | ▲ 387% |
| Deferred charges and accrued income490/1 | - | - | - | €1,366 | €1,426 | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,662 | €83,657 | €106,706 | €114,478 | €133,907 | ▲ 17.0% |
| Equity10/15 | €62,496 | €71,799 | €75,792 | €79,713 | €83,423 | ▲ 4.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,868 | €53,199 | €57,192 | €61,113 | €64,823 | ▲ 6.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €51,339 | €55,332 | €59,253 | €62,963 | ▲ 6.3% |
| Profit (loss) carried forward14 | €22,028 | - | - | - | - | - |
| Amounts payable17/49 | €77,166 | €11,858 | €30,915 | €34,766 | €50,485 | ▲ 45.2% |
| Amounts payable within one year42/48 | €77,166 | €11,858 | €30,915 | €34,766 | €50,485 | ▲ 45.2% |
| Current portion of amounts payable after more than one year42 | - | €3,467 | - | - | - | - |
| Trade debts44 | €8,972 | €1,099 | €3,839 | €370 | €4,109 | ▲ 1,012% |
| Suppliers440/4 | - | €1,099 | €3,839 | €370 | €4,109 | ▲ 1,012% |
| Taxes, remuneration and social security45 | - | €4,176 | €5,897 | €4,805 | €8,413 | ▲ 75.1% |
| Taxes450/3 | - | €4,176 | €5,897 | €4,805 | €4,289 | ▼ 10.7% |
| Remuneration and social security454/9 | - | - | - | - | €4,124 | - |
| Other amounts payable47/48 | - | €3,116 | €21,179 | €29,591 | €37,963 | ▲ 28.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,787 | €9,302 | €3,993 | €3,921 | €3,710 | ▼ 5.4% |
| + Depreciation and write-downs630 | €830 | - | - | €793 | €1,916 | ▲ 142% |
| Operating cash flow (approximation) | €18,618 | €9,302 | €3,993 | €4,714 | €5,626 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | -€2,560 | -€1,233 | -€10,631 | €8,238 | ▲ 177% |
| Change in cash | - | €11,064 | -€6,744 | -€6,547 | €27,373 | ▲ 518% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 6.30
Current ratio from 1.73 to 6.30; short-term debt falls from €77,166 to €11,858.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €17,787 ▲319%
Operating result €22,815, net result €17,787, both a record.
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Mechelen · 2 establishment units since 2015
Ground area
379 m²
Building footprint
250 m²
Volume, LiDAR
1,506 m³
2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Battelsesteenweg 201, 2800 Mechelen
since 20152.240.950.616
Handelslei 12, 2980 Zoersel
since 20162.256.284.534
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11453I0202/00F002 | Flanders | 195 m² | 1 · 121 m² | 11.6 m · 3 fl. |
| 12404F0094/00E003 | Flanders | 184 m² | 1 · 129 m² | 11.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
2 sitesMechelen2.240.950.616
Zoersel2.256.284.534
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,685 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
Founded02-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0550355630
Also
9925:BE0550355630
Registered
25-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.