HASAVLUTH
ActiveThe computed 12-month bankruptcy probability of HASAVLUTH is 2.1% (moderate). The 2025 annual accounts show equity of €41k and a net result of €-346k. Equity is shrinking by ~30.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 794 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
15
/ 100
Critical▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency10▼-36
Growth32=
Stability100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 1.08 in 2024), and 97.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-21.4%
Age of the figures
11 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192021232425
2019 to 2025 · latest year -€346k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 794 sector peers (2025).
NBB · sector comparisonPosition among 794 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
21 d early
2023
5 d early
2021
20 d early
2020
19 d early
2019
96 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▼ 89.3%
2024 · €387k
2019: €1.41M
2020: €1.10M
2021: €608k
2023: €776k
2024: €387k
2019 → 2025
Total assets
€1.61M▲ 17.0%
2024 · €1.38M
2019: €2.39M
2020: €2.09M
2021: €1.71M
2023: €5.13M
2024: €1.38M
2019 → 2025
Net result
€-346k▲ 11.2%
2024 · €-389k
2019: €-51k
2020: €-311k
2021: €-494k
2023: €169k
2024: €-389k
2019 → 2025
Working capital
€-179k
2024 · €82k
2019: €1.20M
2020: €993k
2021: €412k
2023: €627k
2024: €82k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€1.10M-€608k▼ 44.9%€776k▲ 27.8%€387k▼ 50.2%€41k▼ 89.3%
Operating result€-316k-€-496k▼ 57.2%€106k€-354k€-1.49M▼ 319%
Net result€-311k-€-494k▼ 58.8%€169k€-389k€-346k▲ 11.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.49M in 2025 against €354k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€226k▼ 29.0%
Current assets
€1.39M▲ 30.8%
Equity and liabilities €1.61M
Equity
€41k▼ 89.3%
Provisions
€6k▼ 35.1%
Debt
€1.57M▲ 59.3%
The debt ratio rises from 71.3% to 97.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-1.39M▼
2024 · €-244k
Cash flow
€-249k▲
2024 · €-280k
Solvency
2.6%▼
2024 · 28.1%
Current ratio
0.89▼
2024 · 1.08
Quick ratio
0.89▼
2024 · 0.99
Debt / equity
38.00▲
2024 · 2.54
ROE
-838.6%▼
2024 · -100.6%
ROA
-21.4%▲
2024 · -28.2%
Interest coverage
-95.41▼
2024 · -4.74
Debt
€1.57M▲
2024 · €983k
Debt ≤ 1 year
€1.57M▲
2024 · €980k
Income taxes
€45▼
2024 · €492
Staff costs
€2.02M▲
2024 · €918k
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€1.38M€1.61M▲
Fixed assets21/28€318k€226k▼
Tangible fixed assets22/27€318k€226k▼
Land and buildings22€111k€105k▼
Plant, machinery and equipment23€199k€118k▼
Furniture and vehicles24€8k€3k▼
Current assets29/58€1.06M€1.39M▲
Stocks and contracts in progress3€89k-
Stocks30/36€89k-
Amounts receivable within one year40/41€50k€351k▲
Trade receivables40€19k€77k▲
Other amounts receivable41€31k€274k▲
Cash at bank and in hand54/58€685-
Deferred charges and accrued income490/1€921k€1.04M▲
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.61M▲
Equity10/15€387k€41k▼
Contributions10/11€1.26M€1.26M=
Capital10€1.25M€1.25M=
Issued capital100€1.25M€1.25M=
Outside capital11€10k€10k=
Share premium1100/10€10k€10k=
Reserves13€138k€138k=
Non-distributable reserves130/1€125k€125k=
Legal reserve130€125k€125k=
Tax-exempt reserves132€13k€13k=
Profit (loss) carried forward14€-1.01M€-1.36M▼
Provisions and deferred taxes16€9k€6k▼
Provisions for liabilities and charges160/5€9k€6k▼
Pensions and similar obligations160€9k€6k▼
Amounts payable17/49€983k€1.57M▲
Amounts payable within one year42/48€980k€1.57M▲
Trade debts44€228k€157k▼
Suppliers440/4€228k€157k▼
Taxes, remuneration and social security45€113k€1.40M▲
Taxes450/3€4k€277k▲
Remuneration and social security454/9€110k€1.13M▲
Other amounts payable47/48€639k€6k▼
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€918k€2.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€96k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-195k-
Other operating charges640/8€109k€107k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€588k€739k▲
Operating profit (loss)9901€-354k€-1.49M▼
Financial income75/76B€17k€1.15M▲
Recurring financial income75€17k€2k▼
Non-recurring financial income76B-€1.15M
Financial charges65/66B€52k€15k▼
Recurring financial charges65€52k€15k▼
Profit (loss) for the period before taxes9903€-389k€-346k▲
Income taxes67/77€492€45▼
Profit (loss) for the period9904€-389k€-346k▲
Profit (loss) for the period to be appropriated9905€-389k€-346k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.01M€-1.36M▼
Profit (loss) brought forward from the previous period14P€-625k€-1.01M▼
Social balance
Average headcount (FTE)908716.012.1▼
The notes to these accounts (7 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €169k
Net result €169k after 3 loss-making years.
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-494k
Net result drops to €-494k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 96 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Deinze · 2 establishment units since 2019
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.
Kapellestraat 709800 DeinzeGround area
3.8 ha
Building footprint
1.4 ha
Volume, LiDAR
112,078 m³
2 parcels, Flanders · tallest building 42.1 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
HASAVLUTH
since 20192.291.161.378
HASAVLUTH
since 20192.291.161.477
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0187/00W000 | Flanders | 2.4 ha | 1 · 9,057 m² | - |
| 44004C0214/00B002 | Flanders | 1.4 ha | 1 · 5,431 m² | 42.1 m · 7 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 511 EUR awarded · 511 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 511 EUR | 511 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 181 companies in sector 10910 we hold annual accounts for 148. 30 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-06-2019
Fiscal year end30-09
Activities, NACEBEL
10910Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.