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HARRAR

Active
Public limited companyfounded 201214 yrs activeBrusselsesteenweg 185, 1785 Merchtem, BelgiumKBO/BCE: BE 0848.568.965
Summary

HARRAR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.8m and a net result of €356,953. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 237 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
HARRARActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Retail sale of clothing and accessories for women, men, children and babies (general range)
NACE 47716
6 sites
Size
€2.9mtotal assets 2026
Staff
32.3 FTE
Equity
€1.8m
Profit
€356,953
Financial health
88 Excellent Checked score 2026
Bankruptcy chance 12 m
0.3%
Structure
Parent
THE FASHION SOCIETY · 100%
Board
5 members
Accounts 75 d early1 of 11 deeds read
Why 88- 1 of the last 3 late+ Founded in 2012+ Figures for FY 2026 (filed 17-06-2026)+ Equity €1.8m (60.7% of total assets)Show the evidence

Checked score

Score 2026
88 / 100
Excellent
Probability in this band: under 0.55%
Better than 73% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Strong
Solvency 86+12
equity 60.7% of total assets
Liquidity 39+10
short-term debt 39.3% · cash 5.8%
Profitability 84+84
return on assets 12.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,675 companies)
Last 24 months 11-2024: 2.1% 12-2024: 2.1%▲ +1.6% vs 11-2024 01-2025: 2.2%▲ +3.9% vs 12-2024 02-2025: 2.7%▲ +22.2% vs 01-2025 03-2025: 3.2%▲ +19.5% vs 02-2025 04-2025: 3.6%▲ +13.6% vs 03-2025 05-2025: 5.1%▲ +40.5% vs 04-2025 06-2025: 5.2%▲ +1.8% vs 05-2025 07-2025: 6.0%▲ +15.5% vs 06-2025highest value 08-2025: 2.1%▼ -64.0% vs 07-2025 09-2025: 2.1%● 0.0% vs 08-2025 10-2025: 2.1%● 0.0% vs 09-2025 11-2025: 2.1%● 0.0% vs 10-2025 12-2025: 2.1%● 0.0% vs 11-2025 01-2026: 2.1%● 0.0% vs 12-2025 02-2026: 2.1%▼ -0.6% vs 01-2026 03-2026: 2.1%● 0.0% vs 02-2026 04-2026: 2.4%▲ +11.6% vs 03-2026 05-2026: 2.4%▲ +2.1% vs 04-2026 06-2026: 2.4%▼ -2.8% vs 05-2026 07-2026: 0.3%▼ -87.2% vs 06-2026lowest value 08-2026: 0.3%● 0.0% vs 07-2026lowest value 09-2026: 0.3%▲ +1.7% vs 08-2026 10-2026: 0.3%● 0.0% vs 09-2026
  • Founded in 2012 lowers the probability for this profile
  • Figures for FY 2026 (filed 17-06-2026) lowers the probability
  • Equity €1.8m (60.7% of total assets) lowers the probability
  • 1 of the last 3 late raises the probability
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.19 in 2025; short-term debt: 39.3% and cash: 5.8% of total assets), and 39.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 81%, liquidity 42%, profitability 85%, growth against the median 82%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 2012
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Figures for FY 2026 (filed 17-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €1.8m (60.7% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026
Equity per financial year
19202122232526
2019 to 2026 · latest year €1.8m
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 17-06-2026, 75 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
75 d early
2025
53 d early
2023
42 d late
2022
91 d late
2021
21 d early
2020
53 d early
2019
24 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 13 days before the deadline; the sector median for financial year 2023 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 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
03-10-2026 today31-01-2027 close31-08-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Reappointments: Jo Willemyns, Kris Castelein and…Resignations: Stefan Goethaert BV (director)…
  2. Annual accounts filedfiscal year 2026 · full…
  3. Back to profitnet €356,953

Key points

  • Positive: Back in profit in 2026after -€607,878 in 2025 €356,953 View
  • Board changedlatest change 01-08-2026 · 5 in office 5 joined · 1 left View
  • Controlled by THE FASHION SOCIETYknown shareholders 100% 100% View
  • Among the largest 13% on gross marginsector median €585,945 · 162 companies €2.2m View

By topic

Financials

Fiscal year
2026
Total assets
€2.9m
Profit
€356,953
Solvency
60.7%
Turnover▼ 11.5%
Net result
20192023
Go to Financials

Board & ownership

Board
5 members
Parent
THE FASHION SOCIETY · 100%
Known shareholders
100%
Go to Board & ownership

Timeline

Events
14
Since
2017
Next accounts
by 31-08-2027
  1. 21-09-2026Reappointments: Jo Willemyns, Kris Castelein and Stefaan…
  2. 17-06-2026Annual accounts filed
  3. 31-01-2026Back to profit
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
Retail sale of clothing and accessories for women…NACE 47716
Founded
10-09-2012
Year ends
31-01
Peppol
Reachable for e-invoices
Go to Company details

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