HARVAR
ActiveHARVAR has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €868k and a net result of €-103k. Equity is growing by ~209.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+7
Solvency49▲+33
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 3.93 against 5.01 in 2024; short-term debt: 2% and cash: 0% of total assets), but 76.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
23.8%
Return on assets
-2.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 3 filingsDeviation from the deadline
2025
18 d late
2024
14 d late
2023
28 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€868k
2024 · €-226k
2023: €-80k
2024: €-226k
2023 → 2025
Total assets
€3.64M▲ 46.6%
2024 · €2.49M
2023: €1.71M
2024: €2.49M
2023 → 2025
Net result
€-103k▲ 29.7%
2024 · €-146k
2023: €-100k
2024: €-146k
2023 → 2025
Working capital
€215k▼ 8.3%
2024 · €234k
2023: €1.16M
2024: €234k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-80k-€-226k▼ 184%€868k
Operating result€-95k-€-34k▲ 63.9%€-19k▲ 45.5%
Net result€-100k-€-146k▼ 47.0%€-103k▲ 29.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €34k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.64M
Fixed assets
€3.36M▲ 53.0%
Current assets
€288k▼ 1.5%
Equity and liabilities €3.64M
Equity
€868k
Debt
€2.78M
Debt finances 76.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€109k▲
2024 · €101k
Cash flow
€25k▲
2024 · €-12k
Solvency
23.8%▲
2024 · -9.1%
Current ratio
3.93▼
2024 · 5.01
Quick ratio
0.14▼
2024 · 0.25
Debt / equity
3.20▲
2024 · -12.00
ROE
-11.9%
ROA
-2.8%▲
2024 · -5.9%
Interest coverage
1.29▲
2024 · 0.90
Debt
€2.78M▲
2024 · €2.71M
Debt ≤ 1 year
€73k▲
2024 · €58k
Debt > 1 year
€2.70M▲
2024 · €2.65M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.49M€3.64M▲
Fixed assets21/28€2.19M€3.36M▲
Tangible fixed assets22/27€2.19M€3.36M▲
Land and buildings22€2.14M€3.21M▲
Plant, machinery and equipment23€54k€144k▲
Furniture and vehicles24€3k€2k▼
Current assets29/58€292k€288k▼
Stocks and contracts in progress3€278k€278k=
Stocks30/36€278k€278k=
Amounts receivable within one year40/41€3k€5k▲
Trade receivables40€3k€5k▲
Cash at bank and in hand54/58€7k€415▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€2.49M€3.64M▲
Equity10/15€-226k€868k▲
Contributions10/11€20k€20k=
Revaluation surpluses12-€1.20M
Profit (loss) carried forward14€-246k€-349k▼
Amounts payable17/49€2.71M€2.78M▲
Amounts payable after more than one year17€2.65M€2.70M▲
Financial debts170/4€2.02M€2.00M▼
Other amounts payable178/9€634k€699k▲
Amounts payable within one year42/48€58k€73k▲
Current portion of amounts payable after more than one year42€44k€65k▲
Trade debts44€11k€5k▼
Suppliers440/4€11k€5k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€128k▼
Other operating charges640/8€24k€19k▼
Gross operating margin9900€124k€128k▲
Operating profit (loss)9901€-34k€-19k▲
Financial income75/76B€61€0▼
Recurring financial income75€61€0▼
Financial charges65/66B€112k€84k▼
Recurring financial charges65€112k€84k▼
Profit (loss) for the period before taxes9903€-146k€-103k▲
Profit (loss) for the period9904€-146k€-103k▲
Profit (loss) for the period to be appropriated9905€-146k€-103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-246k€-349k▼
Profit (loss) brought forward from the previous period14P€-100k€-246k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Equity above €500kEq €868k
Equity rises from €-226k to €868k.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Weakest financial yearnet €-146k
Net result drops to €-146k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2023
Ground area
159 m²
Building footprint
88 m²
Volume, LiDAR
1,378 m³
Parcel 21447B0306/00W019, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HARVAR
since 20232.347.143.048
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00W019 | Brussels | 159 m² | 1 · 88 m² | 18.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,381. 3,333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2023
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:harold.vaeren@hotmail.com
Phone:+32495771203