HARTIEST
InactiveHARTIEST was declared bankrupt on 04-03-2024 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 30-03-2026, published in the Belgian State Gazette on 02-04-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline23-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 29-09-2023, 60 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
not confirmed
2024
not filed
2023
not filed
2022
60 d late
2021
225 d late
2020
55 d late
2019
185 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€12k▼ 43.3%
2021 · €22k
2018: €-16k
2019: €14k
2020: €7k
2021: €22k
2018 → 2022
Total assets
€73k▼ 14.4%
2021 · €86k
2018: €127k
2019: €117k
2020: €102k
2021: €86k
2018 → 2022
Net result
€-9k
2021 · €14k
2018: €11k
2019: €31k
2020: €-7k
2021: €14k
2018 → 2022
Working capital
€-40k▼ 7.6%
2021 · €-37k
2018: €-85k
2019: €-57k
2020: €-65k
2021: €-37k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€-16k-€14k€7k▼ 48.8%€22k▲ 196%€12k▼ 43.3%
Operating result€13k-€34k▲ 164%€4k▼ 86.9%€13k▲ 203%€-8k
Net result€11k-€31k▲ 186%€-7k€14k€-9k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €8k after €13k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €73k
Fixed assets
€58k▼ 16.7%
Current assets
€16k▼ 4.7%
Equity and liabilities €73k
Equity
€12k▼ 43.3%
Debt
€61k▼ 4.5%
The debt ratio rises from 74.6% to 83.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2021 · €31k
Cash flow
€9k▼
2021 · €32k
Solvency
16.8%▼
2021 · 25.4%
Current ratio
0.28▼
2021 · 0.31
Quick ratio
0.19▼
2021 · 0.26
Debt / equity
4.94▲
2021 · 2.93
ROE
-76.3%▼
2021 · 66.2%
ROA
-12.9%▼
2021 · 16.8%
Interest coverage
10.92▼
2021 · 38.88
Debt
€61k▼
2021 · €64k
Debt ≤ 1 year
€56k▲
2021 · €54k
Debt > 1 year
€5k▼
2021 · €10k
Staff costs
€37=
2021 · €37
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€86k€73k▼
Fixed assets21/28€69k€58k▼
Intangible fixed assets21€64k€48k▼
Tangible fixed assets22/27€5k€10k▲
Plant, machinery and equipment23€5k€10k▲
Current assets29/58€16k€16k▼
Stocks and contracts in progress3€3k€5k▲
Stocks30/36€3k€5k▲
Amounts receivable within one year40/41€2k€623▼
Trade receivables40€2k-
Other amounts receivable41€42€623▲
Cash at bank and in hand54/58€10k€10k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€86k€73k▼
Equity10/15€22k€12k▼
Contributions10/11€19k€19k=
Reserves13€805€805=
Non-distributable reserves130/1€805€805=
Reserves not available under the articles1311€805€805=
Profit (loss) carried forward14€2k€-7k▼
Amounts payable17/49€64k€61k▼
Amounts payable after more than one year17€10k€5k▼
Financial debts170/4€10k€5k▼
Amounts payable within one year42/48€54k€56k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€10k€31k▲
Suppliers440/4€10k€31k▲
Taxes, remuneration and social security45€1k€16k▲
Taxes450/3€1k€16k▲
Other amounts payable47/48€38k€4k▼
Income statement
Code20212022
Remuneration, social security and pensions62€37€37=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€5k€2k▼
Gross operating margin9900€36k€12k▼
Operating profit (loss)9901€13k€-8k▼
Financial income75/76B€2k€1▼
Recurring financial income75€2k€1▼
Financial charges65/66B€804€930▲
Recurring financial charges65€804€930▲
Profit (loss) for the period before taxes9903€14k€-9k▼
Profit (loss) for the period9904€14k€-9k▼
Profit (loss) for the period to be appropriated9905€14k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-7k▼
Profit (loss) brought forward from the previous period14P€-12k€2k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · HARTIEST BV EREM- BODEGEM-DORP 33, 9320 EREMBODEGEM · event 30-03-2026
2024
08-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · HARTIEST BV EREMBODEGEM- DORP 33, 9320 EREMBODEGEM · event 04-03-2024
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 225 days late
2022
31-12
Financial
Weakest financial yearnet €-9k ▼165%
Net result drops to €-9k, the lowest in the series.
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
01-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 185 days late
2019
31-12
Financial
Highest result since 2018net €31k ▲186%
Operating result €34k, net result €31k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
05-02
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 189 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 10 days late
2014
14-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 14 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ALBERT COPPENS HOEZEKOUTERDREEF 43,
9300 AALST |
04-03-2024 → present |
| Curator | CAROLINE TALLOEN HOEZEKOUTERDREEF 43, 9300 AALST |
04-03-2024 → present |