HARNAV
ActiveSummary
The computed 12-month bankruptcy probability of HARNAV is 2.1% (moderate). The 2025 annual accounts show equity of €27,003 and a net result of €16,501. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 18606 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+58
Solvency67▲+19
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.13 in 2024; short-term debt: 57.5% and cash: 33.6% of total assets), and 57.5% 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 · 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 · 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.5%
Return on assets
25.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
60 d early
2024
58 d early
2023
33 d early
2022
24 d early
2021
31 d late
2020
149 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 1 day 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 (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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
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
Turnover
€1.3m▲ 194%
2024 · €427,602
EBIT margin
2.0%▲ 2.0pp
2024 · 0.0%
Net result
€16,501
2024 · -€1,484
Working capital
€12,528▲ 189%
2024 · €4,336
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
Line20212022202320242025
Turnover€186,584▲ 315%€255,782▲ 37.1%€316,367▲ 23.7%€427,602▲ 35.2%€1.3m▲ 194%
Operating result€4,496▲ 99.3%€609▼ 86.5%€5,608▲ 821%-€95€25,196
Net result€4,828within the sector's middle half▲ 175%€88within the sector's middle half▼ 98.2%€2,313within the sector's middle half▲ 2,539%-€1,484within the sector's middle half€16,501within the sector's middle half
EBIT margin2.4%▼ 2.6pp0.2%▼ 2.2pp1.8%▲ 1.5pp0.0%▼ 1.8pp2.0%▲ 2.0pp
Equity€9,584within the sector's middle half▲ 102%€9,672within the sector's middle half▲ 0.9%€11,985within the sector's middle half▲ 23.9%€10,502within the sector's middle half▼ 12.4%€27,003within the sector's middle half▲ 157%
Total assets€17,734below the sector's middle half▲ 68.6%€17,189below the sector's middle half▼ 3.1%€29,766below the sector's middle half▲ 73.2%€44,724below the sector's middle half▲ 50.3%€63,603within the sector's middle half▲ 42.2%
Debt€8,149▲ 41.4%€7,517▼ 7.8%€17,781▲ 137%€34,222▲ 92.5%€36,600▲ 6.9%
Working capital€9,584within the sector's middle half▲ 102%€11,672within the sector's middle half▲ 21.8%€11,985within the sector's middle half▲ 2.7%€4,336within the sector's middle half▼ 63.8%€12,528within the sector's middle half▲ 189%
Solvency54.0%within the sector's middle half▲ 8.8pp56.3%within the sector's middle half▲ 2.2pp40.3%within the sector's middle half▼ 16.0pp23.5%within the sector's middle half▼ 16.8pp42.5%within the sector's middle half▲ 19.0pp
Current ratio2.18within the sector's middle half▲ 0.353.12above the sector's middle half▲ 0.941.67within the sector's middle half▼ 1.441.13within the sector's middle half▼ 0.551.34within the sector's middle half▲ 0.22
Return on assets (ROA)27.2%above the sector's middle half▲ 10.5pp0.5%within the sector's middle half▼ 26.7pp7.8%within the sector's middle half▲ 7.3pp-3.3%within the sector's middle half▼ 11.1pp25.9%above the sector's middle half▲ 29.3pp
Staff (FTE)0.20.9▲ 350%
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 returns to profit in 2025: €25,196 after a loss of €95 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,603
Fixed assets
€14,475 ▲ 135%
Current assets
€49,129 ▲ 27.4%
Equity and liabilities €63,603
Equity
€27,003 ▲ 157%
Debt
€36,600 ▲ 6.9%
Debt's share of the balance-sheet total falls from 76.5% to 57.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28,187▲
2024 · €239
Cash flow
€19,492▲
2024 · -€1,149
Quick ratio
0.67▲
2024 · 0.26
Debt to equity
1.36▼
2024 · 3.26
ROE
61.1%▲
2024 · -14.1%
Interest coverage
5.85▲
2024 · 0.36
Debt ≤ 1 year
€36,600▲
2024 · €34,222
Income taxes
€4,879▲
2024 · €723
Staff costs
€19,494▲
2024 · €2,545
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
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: 2.1% 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 497,662 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 26,970 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €186,584 | €255,782 | €316,367 | €427,602 | €1.3m | ▲ 194% |
| Goods, raw materials, services and sundry goods60/61 | €189,292 | €258,207 | €312,901 | €423,404 | €1.2m | ▲ 186% |
| Remuneration, social security and pensions62 | - | - | - | €2,545 | €19,494 | ▲ 666% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €335 | €2,991 | ▲ 793% |
| Other operating charges640/8 | €1,286 | €4,099 | €3,683 | €4,353 | €5,194 | ▲ 19.3% |
| Gross operating margin9900 | €5,782 | €4,708 | €9,290 | €7,137 | €52,875 | ▲ 641% |
| Operating profit (loss)9901 | €4,496 | €609 | €5,608 | -€95 | €25,196 | ▲ 26,511% |
| Financial income75/76B | - | - | - | - | €1,000 | - |
| Recurring financial income75 | - | - | - | - | €1,000 | - |
| Non-recurring financial income76B | - | - | - | - | €1,000 | - |
| Financial charges65/66B | €138 | €297 | €1,328 | €665 | €4,816 | ▲ 624% |
| Recurring financial charges65 | €138 | €297 | €1,328 | €665 | €4,816 | ▲ 624% |
| Profit (loss) for the period before taxes9903 | €4,358 | €312 | €4,280 | -€761 | €21,380 | ▲ 2,911% |
| Income taxes67/77 | -€470 | €225 | €1,967 | €723 | €4,879 | ▲ 575% |
| Profit (loss) for the period9904 | €4,828 | €88 | €2,313 | -€1,484 | €16,501 | ▲ 1,212% |
| Profit (loss) for the period to be appropriated9905 | €4,828 | €88 | €2,313 | -€1,484 | €16,501 | ▲ 1,212% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,734 | €17,189 | €29,766 | €44,724 | €63,603 | ▲ 42.2% |
| Fixed assets21/28 | - | - | - | €6,165 | €14,475 | ▲ 135% |
| Tangible fixed assets22/27 | - | - | - | €6,165 | €11,675 | ▲ 89.4% |
| Plant, machinery and equipment23 | - | - | - | €6,165 | €4,865 | ▼ 21.1% |
| Furniture and vehicles24 | - | - | - | - | €6,809 | - |
| Financial fixed assets28 | - | - | - | - | €2,800 | - |
| Current assets29/58 | €17,734 | €17,189 | €29,766 | €38,559 | €49,129 | ▲ 27.4% |
| Stocks and contracts in progress3 | €9,511 | €11,036 | €10,994 | €29,768 | €24,495 | ▼ 17.7% |
| Stocks30/36 | €9,511 | €11,036 | €10,994 | €29,768 | €24,495 | ▼ 17.7% |
| Amounts receivable within one year40/41 | €920 | €852 | €528 | - | €1,954 | - |
| Trade receivables40 | - | €87 | €528 | - | €1,954 | - |
| Other amounts receivable41 | €920 | €766 | - | - | - | - |
| Cash at bank and in hand54/58 | €7,302 | €5,301 | €18,181 | €7,276 | €21,344 | ▲ 193% |
| Deferred charges and accrued income490/1 | - | - | €63 | €1,514 | €1,336 | ▼ 11.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,734 | €17,189 | €29,766 | €44,724 | €63,603 | ▲ 42.2% |
| Equity10/15 | €9,584 | €9,672 | €11,985 | €10,502 | €27,003 | ▲ 157% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €6,584 | €6,672 | €8,985 | €7,502 | €24,003 | ▲ 220% |
| Amounts payable17/49 | €8,149 | €7,517 | €17,781 | €34,222 | €36,600 | ▲ 6.9% |
| Amounts payable within one year42/48 | €8,149 | €5,517 | €17,781 | €34,222 | €36,600 | ▲ 6.9% |
| Trade debts44 | €8,149 | €5,292 | €11,656 | €23,585 | €21,638 | ▼ 8.3% |
| Suppliers440/4 | €8,149 | €5,292 | €11,656 | €23,585 | €21,638 | ▼ 8.3% |
| Taxes, remuneration and social security45 | - | €225 | €5,988 | €10,637 | €13,346 | ▲ 25.5% |
| Taxes450/3 | - | €225 | €4,488 | €2,518 | €6,966 | ▲ 177% |
| Remuneration and social security454/9 | - | - | €1,500 | €8,119 | €6,380 | ▼ 21.4% |
| Other amounts payable47/48 | - | - | €137 | - | €1,616 | - |
| Accrued charges and deferred income492/3 | - | €2,000 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,828 | €88 | €2,313 | -€1,484 | €16,501 | ▲ 1,212% |
| + Depreciation and write-downs630 | - | - | - | €335 | €2,991 | ▲ 793% |
| Operating cash flow (approximation) | €4,828 | €88 | €2,313 | -€1,149 | €19,492 | ▲ 1,797% |
| Investment in fixed assets (approximation) | - | - | - | - | -€11,300 | - |
| Change in cash | - | -€2,002 | €12,880 | -€10,905 | €14,067 | ▲ 229% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16,501
Net result €16,501 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,484
Net result drops to -€1,484, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 149 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Geel · 2 establishment units since 2020
Ground area
599 m²
Building footprint
187 m²
Volume, LiDAR
1,187 m³
2 parcels, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HARNAV
since 20202.306.071.070
HARNAV
since 20242.364.641.650
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373L0360/00Y003 | Flanders | 516 m² | 1 · 103 m² | 8.3 m · 2 fl. |
| 13027B0173/00F000 | Flanders | 83 m² | 1 · 83 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesGeel2.306.071.070
Herentals2.364.641.650
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,368 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
Founded17-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750790391
Also
9925:BE0750790391
Registered
01-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.