HAROL PROJECTS
ActiveSummary
HAROL PROJECTS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €32,644. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+4
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 7.58 against 6.75 in 2024; short-term debt: 13% and cash: 11.3% of total assets), and 13% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Manufacture of basic metals (NACE 24)
about 47% 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
87%
Return on assets
2.2%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d late
2023
14 d early
2022
12 d early
2021
3 d early
2020
15 d early
2019
10 d late
← 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 5 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 company by equity in Diest, Manufacturing sector#10 oldest company in Diest, Manufacturing sector
Turnover
€1.9m▼ 11.0%
2024 · €2.1m
EBIT margin
3.4%▲ 1.8pp
2024 · 1.6%
Net result
€32,644▲ 105%
2024 · €15,917
Working capital
€1.3m▲ 3.1%
2024 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€2.9m▼ 12.8%€3.2m▲ 10.3%€2.4m▼ 25.9%€2.1m▼ 12.3%€1.9m▼ 11.0%
Operating result€61,652▼ 68.5%€91,324▲ 48.1%€98,720▲ 8.1%€32,909▼ 66.7%€62,849▲ 91.0%
Net result€51,799▼ 70.8%€56,766▲ 9.6%€60,761▲ 7.0%€15,917▼ 73.8%€32,644▲ 105%
EBIT margin2.1%▼ 3.8pp2.8%▲ 0.7pp4.2%▲ 1.3pp1.6%▼ 2.6pp3.4%▲ 1.8pp
Equity€1.2m▲ 4.5%€1.3m▲ 4.7%€1.3m▲ 2.8%€1.3m▲ 1.2%€1.3m▲ 0.6%
Total assets€1.5m▲ 6.1%€1.5m▼ 0.3%€1.6m▲ 4.5%€1.5m▼ 3.8%€1.5m▼ 0.9%
Debt€323,174▲ 12.3%€262,560▼ 18.8%€294,798▲ 12.3%€217,944▼ 26.1%€196,469▼ 9.9%
Working capital€1.2m▲ 3.3%€1.2m▲ 0.2%€1.2m▲ 5.1%€1.3m▲ 3.3%€1.3m▲ 3.1%
Staff (FTE)16.1▼ 10.1%16.2▲ 0.6%13.9▼ 14.2%11.3▼ 18.7%8▼ 29.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 91% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€22,726 ▼ 58.0%
Current assets
€1.5m ▲ 1.2%
Equity and liabilities €1.5m
Equity
€1.3m ▲ 0.6%
Debt
€196,469 ▼ 9.9%
Debt's share of the balance-sheet total falls from 14.3% to 13.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87,249▲
2024 · €56,518
Cash flow
€57,045▲
2024 · €39,526
Current ratio
7.58▲
2024 · 6.75
Debt to equity
0.15▼
2024 · 0.17
ROE
2.5%▲
2024 · 1.2%
ROA
2.2%▲
2024 · 1.0%
Interest coverage
1744.98▲
2024 · 10.09
Debt ≤ 1 year
€196,469▼
2024 · €217,944
Income taxes
€17,019▲
2024 · €12,085
Staff costs
€556,303▼
2024 · €808,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 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 16,986 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €3.0m | €3.3m | €2.4m | €2.1m | €1.9m | ▼ 11.0% |
| Turnover70 | €2.9m | €3.2m | €2.4m | €2.1m | €1.9m | ▼ 11.0% |
| Other operating income74 | €54,953 | €59,529 | €54,867 | €39,140 | €29,978 | ▼ 23.4% |
| Non-recurring operating income76A | €18,273 | €16,223 | €9,717 | €4,550 | €10,507 | ▲ 131% |
| Operating charges60/66A | €2.9m | €3.2m | €2.3m | €2.1m | €1.8m | ▼ 12.6% |
| Goods for resale, raw materials and consumables60 | €1.5m | €1.7m | €963,928 | €921,832 | €1.0m | ▲ 9.1% |
| Purchases600/8 | €1.5m | €1.7m | €963,928 | €921,832 | €1.0m | ▲ 9.1% |
| Services and other goods61 | €428,661 | €422,705 | €360,867 | €316,961 | €212,060 | ▼ 33.1% |
| Remuneration, social security and pensions62 | €1.0m | €1.0m | €957,485 | €808,798 | €556,303 | ▼ 31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,819 | €16,313 | €22,609 | €23,609 | €24,400 | ▲ 3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €414 | -€7,458 | €14,267 | €0 | ▼ 100% |
| Other operating charges640/8 | €2,621 | €6,136 | €9,457 | €1,817 | €4,098 | ▲ 125% |
| Non-recurring operating charges66A | €620 | €4,048 | €34,083 | €5,800 | €27,167 | ▲ 368% |
| Operating profit (loss)9901 | €61,652 | €91,324 | €98,720 | €32,909 | €62,849 | ▲ 91.0% |
| Financial income75/76B | €87 | €169 | €0 | €692 | €1 | ▼ 99.9% |
| Recurring financial income75 | €87 | €169 | €0 | €692 | €1 | ▼ 99.9% |
| Other financial income752/9 | €87 | €169 | €0 | €692 | €1 | ▼ 99.9% |
| Financial charges65/66B | €8,940 | €7,956 | €11,719 | €5,599 | €13,186 | ▲ 136% |
| Recurring financial charges65 | €8,940 | €7,956 | €11,719 | €5,599 | €13,186 | ▲ 136% |
| Debt charges650 | €21 | €0 | - | - | €50 | - |
| Other financial charges652/9 | €8,920 | €7,956 | €11,719 | €5,599 | €13,136 | ▲ 135% |
| Profit (loss) for the period before taxes9903 | €52,799 | €83,537 | €87,002 | €28,002 | €49,664 | ▲ 77.4% |
| Income taxes67/77 | €1,000 | €26,771 | €26,241 | €12,085 | €17,019 | ▲ 40.8% |
| Taxes670/3 | €1,000 | €26,771 | €26,241 | €12,085 | €17,019 | ▲ 40.8% |
| Profit (loss) for the period9904 | €51,799 | €56,766 | €60,761 | €15,917 | €32,644 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €51,799 | €56,766 | €60,761 | €15,917 | €32,644 | ▲ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.6m | €1.5m | €1.5m | ▼ 0.9% |
| Fixed assets21/28 | €46,647 | €100,615 | €78,005 | €54,161 | €22,726 | ▼ 58.0% |
| Tangible fixed assets22/27 | €46,647 | €86,545 | €63,935 | €47,126 | €22,726 | ▼ 51.8% |
| Plant, machinery and equipment23 | - | - | - | €5,432 | €3,259 | ▼ 40.0% |
| Furniture and vehicles24 | €46,647 | €86,545 | €63,935 | €41,693 | €19,466 | ▼ 53.3% |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Financial fixed assets28 | - | €14,070 | €14,070 | €7,035 | €0 | ▼ 100% |
| Other financial fixed assets284/8 | - | €14,070 | €14,070 | €7,035 | €0 | ▼ 100% |
| Amounts receivable and cash guarantees285/8 | - | €14,070 | €14,070 | €7,035 | €0 | ▼ 100% |
| Current assets29/58 | €1.5m | €1.4m | €1.5m | €1.5m | €1.5m | ▲ 1.2% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.0m | €1.2m | €1.4m | €1.2m | €1.3m | ▲ 12.6% |
| Trade receivables40 | €1.0m | €1.2m | €1.4m | €691,015 | €380,404 | ▼ 44.9% |
| Other amounts receivable41 | €375 | €0 | €1,216 | €473,667 | €930,566 | ▲ 96.5% |
| Cash at bank and in hand54/58 | €448,469 | €219,920 | €84,077 | €306,511 | €170,466 | ▼ 44.4% |
| Deferred charges and accrued income490/1 | €784 | €784 | €0 | - | €7,362 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.6m | €1.5m | €1.5m | ▼ 0.9% |
| Equity10/15 | €1.2m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 0.6% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €11,624 | €14,463 | €17,501 | €18,297 | €19,929 | ▲ 8.9% |
| Non-distributable reserves130/1 | €11,624 | €14,463 | €17,501 | €18,297 | €19,929 | ▲ 8.9% |
| Legal reserve130 | €11,624 | €14,463 | €17,501 | €18,297 | €19,929 | ▲ 8.9% |
| Profit (loss) carried forward14 | €170,302 | €224,231 | €256,953 | €272,074 | €278,087 | ▲ 2.2% |
| Amounts payable17/49 | €323,174 | €262,560 | €294,798 | €217,944 | €196,469 | ▼ 9.9% |
| Amounts payable within one year42/48 | €323,174 | €262,560 | €294,798 | €217,944 | €196,469 | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - | - |
| Trade debts44 | €159,713 | €70,629 | €124,963 | €108,357 | €97,232 | ▼ 10.3% |
| Suppliers440/4 | €159,713 | €70,629 | €124,963 | €108,357 | €97,232 | ▼ 10.3% |
| Taxes, remuneration and social security45 | €136,172 | €181,425 | €144,385 | €101,700 | €60,002 | ▼ 41.0% |
| Taxes450/3 | €15,678 | €43,110 | €22,606 | €19,889 | €16,219 | ▼ 18.5% |
| Remuneration and social security454/9 | €120,494 | €138,314 | €121,779 | €81,811 | €43,783 | ▼ 46.5% |
| Other amounts payable47/48 | €27,289 | €10,507 | €25,450 | €7,887 | €39,235 | ▲ 397% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,799 | €56,766 | €60,761 | €15,917 | €32,644 | ▲ 105% |
| + Depreciation and write-downs630 | €13,819 | €16,313 | €22,609 | €23,609 | €24,400 | ▲ 3.3% |
| Operating cash flow (approximation) | €65,618 | €73,080 | €83,370 | €39,526 | €57,045 | ▲ 44.3% |
| Investment in fixed assets (approximation) | - | -€70,281 | €0 | €235 | €7,035 | ▲ 2,894% |
| Change in cash | - | -€228,548 | -€135,844 | €222,435 | -€136,045 | ▼ 161% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €177,667 ▲68.1%
Operating result €196,014, net result €177,667, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲18.3%
2 profitable years in a row build equity to €1.1m.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 10 days late
2019
31-12
Financial
Back to profitnet €105,681
Net result €105,681 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Diest · 1 establishment unit since 2002
Ground area
4.1 ha
Building footprint
1.7 ha
Volume, LiDAR
146,646 m³
Parcel 24120B0148/00L000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Itselaarlaan 11, 3290 Diest
since 20022.032.027.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24120B0148/00L000 | Flanders | 4.1 ha | 1 · 1.7 ha | 11.5 m · 3 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
2 ownersChain of control
- PHARUS
- HAROL PROJECTS
Highest known parent: PHARUS. The sources do not say who stands above it.
Owners 2
- PHARUSparentSourceaccounts PHARUS 202578.37%
-
21.61%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 191 companies in sector 24100 we hold annual accounts for 134. 85 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
24100Manufacture of basic metals
43320Joinery installation
25120Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432649593
Also
9925:BE0432649593
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.