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HARVAR

Active
Private limited companyfounded 2023active for 3 yearsEmmanuel Van Driesschestraat 67, 1050 Elsene, BelgiumKBO/BCE: BE 0802.587.797
Summary

HARVAR has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €868,263 and a net result of -€102,951. Equity has been growing by about 210% per year since 2023. Its solvency ranks better than 46% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Official details

Source: KBO
Status
Active since 09-06-2023 Normal situation
Activity
Buying and selling of own real estate NACE 68110and 1 other
Establishment unit
2.347.143.048 1050 Elsene, since 09-06-2023
Financial year end
31 December
Peppol
Reachable since 17-07-2025

Financial position

65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Annual accounts 2025
Gross margin
€128,166
▲ 3.1%
Turnover
≈ €230,000
estimated
Loss
€102,951
▼ 29.7%
Equity
€868,263
Total assets
€3.6m
▲ 46.6%
  • 2025 accounts filed 18 days after the deadline
Score breakdownraises riskLiquidity: current ratio 3.93, cash €415, halved1 change of registered office in 24 monthsFounded in 2023lowers riskSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 53% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency 49+33
equity 23.8% of total assets
Liquidity 50=
short-term debt 2.0% · cash 0.0%
Profitability 26+7
return on assets -2.8%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,993 companies, NACE 68, small)
Last 24 months 12-2024: 0.8%lowest value 01-2025: 0.9%▲ +0.1 percentage points vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 1.6%▲ +0.7 percentage points vs 03-2025 05-2025: 1.6%● unchanged vs 04-2025 06-2025: 1.8%▲ +0.2 percentage points vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 2.3%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 1.2%▼ -1.1 percentage points vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.4%▲ +0.2 percentage points vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.4%● unchanged vs 04-2026 06-2026: 1.5%▲ +0.1 percentage points vs 05-2026 07-2026: 1.5%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.5 percentage points vs 07-2026 09-2026: 1.3%▼ -0.7 percentage points vs 08-2026 10-2026: 1.3%● unchanged vs 09-2026 11-2026: 1.3%● unchanged vs 10-2026
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.93 (5.01 in 2024), above the usual 1.5. Short-term debt is 2% and cash 0% of total assets. However, 76.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 44% of them on solvency, 54% on liquidity, 18% on profitability and 98% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 3.93, cash €415, halved
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 18 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filings
Deviation from the deadline
2025
18 days late
2024
14 days late
2023
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 20 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€102,951 View
  • Caution: Lower net result than 95% of companies in real estatesector median €6,034 · 17,135 companies -€102,951 View

Recent changes

  1. · Gazette deed Registered office moved to Ixelles
  2. · Gazette deed IncorporationStarting capital €20,000 · Appointment: van der VAEREN Harold Thierry Diane Marie Joseph (director) · Permanent representative: van der VAEREN Harold Thierry Diane Marie Joseph
All 7 events

Comparable companies

These companies have the same main activity as HARVAR: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €3m and €5m, founded between 2022 and 2023.

CompanyTotal assetsGross margin
HARVAR Elsene€3.6m€0.1m
MUNDARE Kortrijk€3.5m€0.09m
PO PO PO Kontich€3.0m€0.1m
PROXYMMO Elsene€3.3m€0.1m
FOCH 27 REAL ESTATE Sint-Pieters-Woluwe€3.2m€0.2m
NOVAHOMES Tienen€5.0m€0.1m
JSB Meise€3.7m€0.08m
Full comparison

Key facts about HARVAR

What is the company number of HARVAR?
The company number of HARVAR is 0802.587.797. The VAT number is the same number with BE in front: BE 0802.587.797.
Where is HARVAR based?
The registered office is at Emmanuel Van Driesschestraat 67, 1050 Elsene.Company details
What does HARVAR do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of HARVAR?
The legal form of HARVAR is Private limited company (BV).
When was HARVAR founded?
HARVAR was founded on 09-06-2023.
Is HARVAR still active?
Yes, HARVAR is an active enterprise in the KBO register.
What is the turnover of HARVAR?
The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €128,166 and 49 comparable companies (NACE 681). It probably lies between €170,000 and €430,000.Financials
Is HARVAR profitable?
In financial year 2025, HARVAR made a loss of €102,951.
Where can I find the annual accounts of HARVAR?
HARVAR filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HARVAR due?
HARVAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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