Harlo
ActiveSummary
Harlo has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€952) and a net result of -€2,218. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▼-16
Solvency24▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.83 in 2024; short-term debt: 101.2% and cash: 16.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-1.2%
Return on assets
-2.9%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€952
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
29 d late
2023
28 d late
2022
on the day
2021
9 d late
2020
6 d late
2019
45 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 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Herk-de-Stad, Other services sector
Equity
-€952
2024 · €1,265
Total assets
€76,633▲ 51.1%
2024 · €50,723
Net result
-€2,218
2024 · €857
Working capital
-€38,687▼ 375%
2024 · -€8,152
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, 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€7,660▼ 33.4%€10,902▲ 42.3%-€9,789€2,961-€1,618
Net result€4,639within the sector's middle half▼ 57.4%€10,123within the sector's middle half▲ 118%-€12,883below the sector's middle half€857within the sector's middle half-€2,218within the sector's middle half
Equity€3,167within the sector's middle half€13,291within the sector's middle half▲ 320%€408within the sector's middle half▼ 96.9%€1,265within the sector's middle half▲ 210%-€952within the sector's middle half
Total assets€56,867within the sector's middle half▲ 1.3%€64,493within the sector's middle half▲ 13.4%€48,237within the sector's middle half▼ 25.2%€50,723within the sector's middle half▲ 5.2%€76,633within the sector's middle half▲ 51.1%
Debt€53,700▼ 6.8%€51,202▼ 4.7%€47,829▼ 6.6%€49,457▲ 3.4%€77,585▲ 56.9%
Working capital-€5,278▲ 68.5%€1,308-€10,126-€8,152▲ 19.5%-€38,687▼ 375%
Solvency5.6%within the sector's middle half▲ 8.2pp20.6%within the sector's middle half▲ 15.0pp0.8%within the sector's middle half▼ 19.8pp2.5%within the sector's middle half▲ 1.6pp-1.2%within the sector's middle half▼ 3.7pp
Staff (FTE)4.8=4.9▲ 2.1%5.6▲ 14.3%4.6▼ 17.9%4.7▲ 2.2%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, 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 turns negative in 2025: a loss of €1,618 after €2,961 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,633
Fixed assets
€37,735 ▲ 286%
Current assets
€38,898 ▼ 5.0%
Key figures and ratios
EBITDA
€725▼
2024 · €4,869
Cash flow
€125▼
2024 · €2,766
Current ratio
0.50▼
2024 · 0.83
Quick ratio
0.34▼
2024 · 0.53
ROA
-2.9%▼
2024 · 1.7%
Interest coverage
0.48▼
2024 · 1.68
Debt ≤ 1 year
€77,585▲
2024 · €49,110
Staff costs
€175,212▼
2024 · €176,893
Equity ratios withheld: equity of -€952 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,662 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% | 1.7% |
| 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 75% 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 2,799 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €34 | - | €1,047 | €708 | €348 | ▼ 50.9% |
| Remuneration, social security and pensions62 | €95,028 | €124,629 | €163,172 | €176,893 | €175,212 | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,693 | €2,215 | €2,269 | €1,909 | €2,343 | ▲ 22.8% |
| Other operating charges640/8 | €3,778 | €3,535 | €6,224 | €4,125 | €4,279 | ▲ 3.7% |
| Non-recurring operating charges66A | - | - | €2,733 | €1,491 | €1,456 | ▼ 2.3% |
| Gross operating margin9900 | €111,159 | €141,281 | €164,609 | €187,378 | €181,673 | ▼ 3.0% |
| Operating profit (loss)9901 | €7,660 | €10,902 | -€9,789 | €2,961 | -€1,618 | ▼ 155% |
| Financial income75/76B | €321 | €1,471 | €1,023 | €796 | €924 | ▲ 16.1% |
| Recurring financial income75 | €321 | €1,471 | €1,023 | €796 | €924 | ▲ 16.1% |
| Financial charges65/66B | €3,341 | €2,249 | €4,117 | €2,899 | €1,524 | ▼ 47.4% |
| Recurring financial charges65 | €3,341 | €2,249 | €4,117 | €2,899 | €1,524 | ▼ 47.4% |
| Profit (loss) for the period before taxes9903 | €4,639 | €10,123 | -€12,883 | €857 | -€2,218 | ▼ 359% |
| Profit (loss) for the period9904 | €4,639 | €10,123 | -€12,883 | €857 | -€2,218 | ▼ 359% |
| Profit (loss) for the period to be appropriated9905 | €4,639 | €10,123 | -€12,883 | €857 | -€2,218 | ▼ 359% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,867 | €64,493 | €48,237 | €50,723 | €76,633 | ▲ 51.1% |
| Fixed assets21/28 | €14,546 | €12,331 | €10,881 | €9,764 | €37,735 | ▲ 286% |
| Intangible fixed assets21 | - | - | - | - | €27,570 | - |
| Tangible fixed assets22/27 | €11,139 | €8,924 | €7,474 | €6,358 | €6,758 | ▲ 6.3% |
| Land and buildings22 | - | - | €274 | €210 | €145 | ▼ 30.9% |
| Plant, machinery and equipment23 | €11,139 | €8,924 | €7,200 | €6,148 | €5,866 | ▼ 4.6% |
| Furniture and vehicles24 | - | - | - | - | €746 | - |
| Financial fixed assets28 | €3,407 | €3,407 | €3,407 | €3,407 | €3,407 | = |
| Current assets29/58 | €42,322 | €52,162 | €37,356 | €40,958 | €38,898 | ▼ 5.0% |
| Stocks and contracts in progress3 | €11,000 | €14,167 | €14,991 | €14,991 | €12,339 | ▼ 17.7% |
| Stocks30/36 | €11,000 | €14,167 | €14,991 | €14,991 | €12,339 | ▼ 17.7% |
| Amounts receivable within one year40/41 | €14,801 | €14,297 | €12,380 | €10,385 | €13,008 | ▲ 25.3% |
| Trade receivables40 | €959 | €2,446 | €528 | - | €1,236 | - |
| Other amounts receivable41 | €13,842 | €11,851 | €11,851 | €10,385 | €11,771 | ▲ 13.3% |
| Cash at bank and in hand54/58 | €16,118 | €23,350 | €9,769 | €14,685 | €12,825 | ▼ 12.7% |
| Deferred charges and accrued income490/1 | €403 | €347 | €216 | €897 | €727 | ▼ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,867 | €64,493 | €48,237 | €50,723 | €76,633 | ▲ 51.1% |
| Equity10/15 | €3,167 | €13,291 | €408 | €1,265 | -€952 | ▼ 175% |
| Contributions10/11 | €99,600 | €99,600 | €99,600 | €99,600 | €99,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€98,293 | -€88,169 | -€101,052 | -€100,195 | -€102,412 | ▼ 2.2% |
| Amounts payable17/49 | €53,700 | €51,202 | €47,829 | €49,457 | €77,585 | ▲ 56.9% |
| Amounts payable after more than one year17 | €1,418 | - | - | - | - | - |
| Other amounts payable178/9 | €1,418 | - | - | - | - | - |
| Amounts payable within one year42/48 | €47,600 | €50,855 | €47,482 | €49,110 | €77,585 | ▲ 58.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €4,798 | - |
| Trade debts44 | €4,376 | €1,047 | €1,295 | €11,372 | €41,540 | ▲ 265% |
| Suppliers440/4 | €4,376 | €1,047 | €1,295 | €11,372 | €41,540 | ▲ 265% |
| Taxes, remuneration and social security45 | €27,212 | €29,786 | €36,256 | €27,389 | €26,692 | ▼ 2.5% |
| Taxes450/3 | €7,726 | €11,339 | €7,761 | €8,557 | €8,232 | ▼ 3.8% |
| Remuneration and social security454/9 | €19,486 | €18,447 | €28,496 | €18,832 | €18,460 | ▼ 2.0% |
| Other amounts payable47/48 | €16,013 | €20,022 | €9,930 | €10,349 | €4,556 | ▼ 56.0% |
| Accrued charges and deferred income492/3 | €4,682 | €348 | €348 | €348 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,639 | €10,123 | -€12,883 | €857 | -€2,218 | ▼ 359% |
| + Depreciation and write-downs630 | €4,693 | €2,215 | €2,269 | €1,909 | €2,343 | ▲ 22.8% |
| Operating cash flow (approximation) | €9,332 | €12,338 | -€10,614 | €2,766 | €125 | ▼ 95.5% |
| Investment in fixed assets (approximation) | - | €0 | -€819 | -€792 | -€30,313 | ▼ 3,729% |
| Change in cash | - | €7,233 | -€13,582 | €4,916 | -€1,860 | ▼ 138% |
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
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €857
Net result €857 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
31-12
Financial
Highest result since 2018net €10,890 ▲0.7%
Net result €10,890, the highest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €10,815
Net result €10,815 after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Herk-de-Stad · 5 establishment units since 2002
Ground area
6,268 m²
Building footprint
1,605 m²
Volume, LiDAR
9,613 m³
5 parcels, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
5 establishment units
Visa Versa
since 20022.096.258.981
Visa Versa
since 20122.218.201.344
VisA VersA
since 20262.383.676.515
VisA VersA
since 20262.383.679.384
kappersgroep visa versa
since 20262.388.924.710
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1407/00T000 | Flanders | 2,414 m² | 1 · 537 m² | 13.8 m · 3 fl. |
| 71024A0376/00V002 | Flanders | 2,265 m² | 1 · 334 m² | 9.0 m · 2 fl. |
| 73001B0701/00S003 | Flanders | 840 m² | 1 · 273 m² | 4.1 m · 1 fl. |
| 12002D0148/00Y007 | Flanders | 592 m² | 1 · 306 m² | 10.9 m · 2 fl. |
| 11813N0820/00S004 | Flanders | 156 m² | 1 · 154 m² | 4.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,835. 1,159 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
Founded19-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477769342
Also
9925:BE0477769342
Registered
09-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.