HASA GROUP
ActiveHASA GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68k and a net result of €10k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+14
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 16.43 against 25.96 in 2024; short-term debt: 3.9% and cash: 13.5% of total assets), and 3.9% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
96.1%
Return on assets
14.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
30 d late
2023
9 d late
2022
1 d late
2021
60 d late
2020
60 d late
2019
119 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€139k▲ 71.3%
2021 · €81k
2018: €636k
2019: €115k
2020: €71k
2021: €81k
2018 → 2022
EBIT margin
18.8%▲ 2.0pp
2021 · 16.8%
2018: 0.1%
2019: -33.7%
2020: 14.8%
2021: 16.8%
2018 → 2022
Net result
€10k▲ 366%
2024 · €2k
2018: €-325
2019: €-22k
2020: €9k
2021: €11k
2022: €16k
2023: €4k
2024: €2k
2018 → 2025
Working capital
€42k▼ 23.4%
2024 · €55k
2018: €23k
2019: €14k
2020: €30k
2021: €45k
2022: €65k
2023: €48k
2024: €55k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€81k-€139k▲ 71.3%
Equity€33k-€49k▲ 50.7%€53k▲ 8.5%€55k▲ 4.1%€68k▲ 22.5%
Operating result€14k-€26k▲ 91.9%€6k▼ 77.7%€98▼ 98.3%€8k▲ 7,854%
Net result€11k-€16k▲ 43.3%€4k▼ 74.8%€2k▼ 48.2%€10k▲ 366%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7,854% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€25k
Current assets
€45k
Equity and liabilities €70k
Equity
€68k▲ 22.5%
Debt
€3k▲ 24.0%
The debt ratio stays at 3.9%.
Key figures and ratios
EBITDA
€8k▼
2024 · €16k
Cash flow
€11k▼
2024 · €18k
Solvency
96.1%=
2024 · 96.1%
Current ratio
16.43▼
2024 · 25.96
Quick ratio
16.43▼
2024 · 25.96
Debt / equity
0.04▲
2024 · 0.04
ROE
14.8%▲
2024 · 3.9%
ROA
14.2%▲
2024 · 3.7%
Interest coverage
171.38▼
2024 · 246.99
Debt
€3k▲
2024 · €2k
Debt ≤ 1 year
€3k▲
2024 · €2k
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€58k€70k▲
Fixed assets21/28-€25k
Tangible fixed assets22/27-€25k
Furniture and vehicles24-€25k
Current assets29/58€58k€45k▼
Amounts receivable within one year40/41€46k€36k▼
Other amounts receivable41€46k€36k▼
Cash at bank and in hand54/58€11k€10k▼
Equity and liabilities
Total equity and liabilities10/49€58k€70k▲
Equity10/15€55k€68k▲
Contributions10/11€19k€19k=
Reserves13€27k€27k=
Non-distributable reserves130/1€17k€17k=
Reserves not available under the articles1311€17k€17k=
Distributable reserves133€10k€10k=
Profit (loss) carried forward14€10k€23k▲
Amounts payable17/49€2k€3k▲
Amounts payable within one year42/48€2k€3k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€616€1k▲
Taxes450/3€616€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€539▼
Other operating charges640/8€278€1k▲
Gross operating margin9900€16k€10k▼
Operating profit (loss)9901€98€8k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€66€49▼
Recurring financial charges65€66€49▼
Profit (loss) for the period before taxes9903€2k€10k▲
Profit (loss) for the period9904€2k€10k▲
Profit (loss) for the period to be appropriated9905€2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€23k▲
Profit (loss) brought forward from the previous period14P€8k€12k▲
The notes to these accounts (5 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 25.96
Current ratio from 9.90 to 25.96; short-term debt falls from €5k to €2k.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
2022
31-12
Financial
Highest result since 2018net €16k ▲43.3%
Operating result €26k, net result €16k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 60 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial
Liquidity times 7current ratio 13.21
Current ratio from 1.76 to 13.21; short-term debt falls from €18k to €2k.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2014
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-01-2014
Resigned as Managing director
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2012
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.
Théodore Verhaegenstraat 1701060 Sint-Gillis (bij-Brussel)Ground area
179 m²
Building footprint
181 m²
Volume, LiDAR
2,387 m³
2 parcels, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HASA GROUP
since 20122.232.881.107
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0329/00T012 | Brussels | 114 m² | 1 · 115 m² | 18.9 m · 5 fl. |
| 21562A0329/00S005 | Brussels | 65 m² | 1 · 65 m² | 15.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,530 companies in sector 47110 we hold annual accounts for 5,858. 4,674 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-2012
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.