Summary
HARS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €77,899 and a net result of €6,484. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 9866 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
33 d early
2022
33 d early
2021
23 d early
2020
19 d early
2019
22 d early
← 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 23 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€77,899▲ 7.3%
2023 · €72,615
Net result
€6,484▼ 77.9%
2023 · €29,321
Total assets
€240,820▲ 116%
2023 · €111,387
Solvency
32.3%▼ 32.8pp
2023 · 65.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€25,043▲ 7.1%€24,127▼ 3.7%€41,900▲ 73.7%€32,968▼ 21.3%€11,148▼ 66.2%
Net result€14,204within the sector's middle half▲ 21.0%€13,558within the sector's middle half▼ 4.5%€35,557within the sector's middle half▲ 162%€29,321within the sector's middle half▼ 17.5%€6,484within the sector's middle half▼ 77.9%
Equity€42,983within the sector's middle half▲ 49.4%€56,541within the sector's middle half▲ 31.5%€92,098within the sector's middle half▲ 62.9%€72,615within the sector's middle half▼ 21.2%€77,899within the sector's middle half▲ 7.3%
Total assets€230,725within the sector's middle half▲ 5.0%€228,187within the sector's middle half▼ 1.1%€101,389below the sector's middle half▼ 55.6%€111,387below the sector's middle half▲ 9.9%€240,820within the sector's middle half▲ 116%
Debt€187,742▼ 1.7%€171,646▼ 8.6%€9,291▼ 94.6%€38,772▲ 317%€162,921▲ 320%
Working capital-€49,337▲ 9.6%-€58,753▼ 19.1%€89,214€70,327▼ 21.2%€55,616▼ 20.9%
Solvency18.6%below the sector's middle half▲ 5.5pp24.8%within the sector's middle half▲ 6.1pp90.8%above the sector's middle half▲ 66.1pp65.2%within the sector's middle half▼ 25.6pp32.3%within the sector's middle half▼ 32.8pp
Staff (FTE)1.11.8▲ 63.6%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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 two years in a row; 2024 is 66% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240,820
Fixed assets
€141,508 ▲ 6,083%
Current assets
€99,312 ▼ 9.0%
Equity and liabilities €240,820
Equity
€77,899 ▲ 7.3%
Debt
€162,921 ▲ 320%
Debt's share of the balance-sheet total rises from 34.8% to 67.7%. Equity and debt are higher.
Key figures and ratios
ROE
8.3%▼
2023 · 40.4%
ROA
2.7%▼
2023 · 26.3%
Debt ≤ 1 year
€43,696▲
2023 · €38,772
Debt > 1 year
€119,225
Income taxes
€201▼
2023 · €1,109
Staff costs
€100,286▲
2023 · €54,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €100,000 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €54,890 | €100,286 | ▲ 82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €95 | €596 | €2,927 | ▲ 391% |
| Other operating charges640/8 | - | €502 | €710 | €768 | €16,775 | ▲ 2,084% |
| Gross operating margin9900 | €25,143 | €24,629 | €42,705 | €89,222 | €131,136 | ▲ 47.0% |
| Operating profit (loss)9901 | €25,043 | €24,127 | €41,900 | €32,968 | €11,148 | ▼ 66.2% |
| Financial income75/76B | - | - | €338 | - | €3 | - |
| Recurring financial income75 | - | - | €338 | - | €3 | - |
| Financial charges65/66B | - | €3,764 | €6,568 | €2,537 | €4,467 | ▲ 76.1% |
| Recurring financial charges65 | €3,894 | €3,764 | €6,568 | €2,537 | €4,467 | ▲ 76.1% |
| Profit (loss) for the period before taxes9903 | €21,149 | €20,363 | €35,669 | €30,431 | €6,684 | ▼ 78.0% |
| Income taxes67/77 | €6,946 | €6,806 | €112 | €1,109 | €201 | ▼ 81.9% |
| Profit (loss) for the period9904 | €14,204 | €13,558 | €35,557 | €29,321 | €6,484 | ▼ 77.9% |
| Profit (loss) for the period to be appropriated9905 | €14,204 | €13,558 | €35,557 | €29,321 | €6,484 | ▼ 77.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €230,725 | €228,187 | €101,389 | €111,387 | €240,820 | ▲ 116% |
| Fixed assets21/28 | €204,200 | €204,200 | €2,884 | €2,289 | €141,508 | ▲ 6,083% |
| Tangible fixed assets22/27 | - | - | €2,884 | €2,289 | €141,508 | ▲ 6,083% |
| Land and buildings22 | - | - | - | - | €120,476 | - |
| Plant, machinery and equipment23 | - | - | €2,884 | €2,289 | €12,474 | ▲ 445% |
| Furniture and vehicles24 | - | - | - | - | €8,559 | - |
| Financial fixed assets28 | €204,200 | €204,200 | - | - | - | - |
| Current assets29/58 | €26,525 | €23,987 | €98,505 | €109,098 | €99,312 | ▼ 9.0% |
| Amounts receivable within one year40/41 | €22,990 | €11,725 | €56,936 | €82,915 | €66,480 | ▼ 19.8% |
| Trade receivables40 | - | €11,725 | €13,331 | €75,086 | €45,093 | ▼ 39.9% |
| Other amounts receivable41 | - | - | €43,606 | €7,829 | €21,387 | ▲ 173% |
| Cash at bank and in hand54/58 | €2,468 | €12,262 | €40,693 | €23,578 | €32,831 | ▲ 39.2% |
| Deferred charges and accrued income490/1 | - | - | €876 | €2,606 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €230,725 | €228,187 | €101,389 | €111,387 | €240,820 | ▲ 116% |
| Equity10/15 | €42,983 | €56,541 | €92,098 | €72,615 | €77,899 | ▲ 7.3% |
| Contributions10/11 | - | €12,500 | €12,500 | €18,600 | €18,600 | = |
| Reserves13 | €30,483 | €44,041 | €79,598 | €54,015 | €59,299 | ▲ 9.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €42,181 | €77,738 | €52,155 | €59,299 | ▲ 13.7% |
| Profit (loss) carried forward14 | €2,677 | - | - | - | - | - |
| Amounts payable17/49 | €187,742 | €171,646 | €9,291 | €38,772 | €162,921 | ▲ 320% |
| Amounts payable after more than one year17 | €111,349 | €88,906 | - | - | €119,225 | - |
| Financial debts170/4 | - | €88,906 | - | - | €119,225 | - |
| Amounts payable within one year42/48 | €75,863 | €82,740 | €9,291 | €38,772 | €43,696 | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | - | €22,443 | - | - | €12,675 | - |
| Trade debts44 | €759 | €3,113 | €5,473 | €14,664 | €24,720 | ▲ 68.6% |
| Suppliers440/4 | - | €3,113 | €5,473 | €14,664 | €24,720 | ▲ 68.6% |
| Taxes, remuneration and social security45 | - | €8,474 | €3,818 | €8,141 | €5,101 | ▼ 37.3% |
| Taxes450/3 | - | €8,474 | €3,818 | €8,141 | €451 | ▼ 94.5% |
| Remuneration and social security454/9 | - | - | - | - | €4,650 | - |
| Other amounts payable47/48 | - | €48,710 | - | €15,966 | €1,200 | ▼ 92.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,204 | €13,558 | €35,557 | €29,321 | €6,484 | ▼ 77.9% |
| + Depreciation and write-downs630 | - | - | €95 | €596 | €2,927 | ▲ 391% |
| Operating cash flow (approximation) | €14,204 | €13,558 | €35,652 | €29,917 | €9,411 | ▼ 68.5% |
| Investment in fixed assets (approximation) | - | €0 | €201,221 | €0 | -€142,146 | - |
| Change in cash | - | €9,794 | €28,431 | -€17,115 | €9,254 | ▲ 154% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €35,557 ▲162%
Operating result €41,900, net result €35,557, both a record.
31-12
Financial
Liquidity times 37current ratio 10.60
Current ratio from 0.29 to 10.60; short-term debt falls from €82,740 to €9,291.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Essen · 1 establishment unit since 2018
Ground area
1,075 m²
Building footprint
265 m²
Volume, LiDAR
1,349 m³
2 parcels, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hars
since 20182.277.920.977
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0113/00D014 | Flanders | 927 m² | 1 · 165 m² | 6.6 m · 1 fl. |
| 11016A0010/00V000 | Flanders | 148 m² | 1 · 100 m² | 13.2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the 2024 annual accounts of HARS and those 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 4,223 EUR awarded · 3,987 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,184 EUR | 1,184 EUR |
| 2024 | 1 | 587 EUR | 642 EUR |
| 2023 | 1 | 2,452 EUR | 2,161 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 11,682 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
Founded04-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
68110Buying and selling of own real estate
77400Rental and leasing activities
Contact
E-mail
Heidi@harsbv.be
Phone
0473466810
E-mail
heide@acd.beEssen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0699602996
Also
9925:BE0699602996
Registered
16-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.