HASFLUX
ActiveSummary
HASFLUX has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €39k. Equity is growing by ~80.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 982 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 5.59 against 2.49 in 2024; short-term debt: 15.8% and cash: 36.8% of total assets), and 15.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 42
Relative position
BE, all sectors
reference
Sector 42
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
84.2%
Return on assets
25.9%
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 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
15 d late
2022
3 d late
2021
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€126k▲ 44.3%
2024 · €88k
2021: €12k
2022: €26k
2023: €49k
2024: €88k
2021 → 2025
Total assets
€150k▲ 5.1%
2024 · €143k
2021: €30k
2022: €95k
2023: €154k
2024: €143k
2021 → 2025
Net result
€39k=
2024 · €39k
2021: €10k
2022: €14k
2023: €22k
2024: €39k
2021 → 2025
Working capital
€109k▲ 61.3%
2024 · €67k
2021: €9k
2022: €20k
2023: €38k
2024: €67k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€26k▲ 113%€49k▲ 84.3%€88k▲ 79.6%€126k▲ 44.3%
Operating result€16k-€20k▲ 28.8%€37k▲ 83.4%€61k▲ 63.6%€60k▼ 1.4%
Net result€10k-€14k▲ 34.5%€22k▲ 59.0%€39k▲ 74.0%€39k=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150k
Fixed assets
€18k ▼ 40.8%
Current assets
€132k ▲ 17.4%
Equity and liabilities €150k
Equity
€126k ▲ 44.3%
Debt
€24k ▼ 57.1%
Debt's share of the balance-sheet total falls from 38.6% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67k▼
2024 · €71k
Cash flow
€46k▼
2024 · €49k
Current ratio
5.59▲
2024 · 2.49
Debt to equity
0.19▼
2024 · 0.63
ROE
30.7%▼
2024 · 44.3%
ROA
25.9%▼
2024 · 27.2%
Interest coverage
16.20▲
2024 · 14.78
Debt ≤ 1 year
€24k▼
2024 · €45k
Income taxes
€17k▼
2024 · €17k
Staff costs
€136k▼
2024 · €173k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€143k€150k▲
Fixed assets21/28€30k€18k▼
Tangible fixed assets22/27€30k€18k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€26k€15k▼
Current assets29/58€113k€132k▲
Amounts receivable within one year40/41€46k€72k▲
Trade receivables40€32k€65k▲
Other amounts receivable41€14k€6k▼
Cash at bank and in hand54/58€60k€55k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€143k€150k▲
Equity10/15€88k€126k▲
Contributions10/11€2k€2k=
Reserves13€86k€124k▲
Distributable reserves133€86k€124k▲
Amounts payable17/49€55k€24k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€45k€24k▼
Current portion of amounts payable after more than one year42€5k-
Trade debts44€6k€312▼
Suppliers440/4€6k€312▼
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€14k€15k▲
Other amounts payable47/48€20k-
Income statement
Code20242025
Remuneration, social security and pensions62€173k€136k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€7k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€15k
Gross operating margin9900€246k€220k▼
Operating profit (loss)9901€61k€60k▼
Financial income75/76B€19-
Recurring financial income75€19-
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€56k€56k▼
Income taxes67/77€17k€17k▼
Profit (loss) for the period9904€39k€39k=
Profit (loss) for the period to be appropriated9905€39k€39k=
Appropriation of the result
Profit (loss) to be appropriated9906€39k€39k=
Transfer to equity691/2€39k€39k=
To other reserves6921€39k€39k=
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €39k ▲0%
Net result €39k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.59
Current ratio from 2.49 to 5.59; short-term debt falls from €45k to €24k.
31-12
Financial
Equity above €100kEq €126k ▲44.3%
5 profitable years in a row build equity to €126k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zele · 1 establishment unit since 2021
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.
Rotstraat 169240 ZeleGround area
325 m²
Building footprint
111 m²
Volume, LiDAR
544 m³
Parcel 42402C2042/00L002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HASFLUX
since 20212.311.541.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42402C2042/00L002 | Flanders | 325 m² | 1 · 111 m² | 9.2 m · 2 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.
Similar companies · same sector, comparable size
Neosun Technologies
BE 1012.226.573
Machelen (Brab.) · Eq €126,189
EXACTA BENELUX
BE 0849.819.077
Manage · Eq €126,968
A&Y SERVICE
BE 0742.878.854
Antwerpen · Eq €127,005
JO VAN HAVERMAET
BE 1006.570.978
Hamme (Vl.) · Eq €125,785
VRIEND & BK
BE 0780.460.119
Temse · Eq €127,266
Of 1,825 companies in sector 42220 we hold annual accounts for 958. 708 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.