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HATOR

Active
Private limited companyfounded 20179 yrs activeDagmoedstraat(Sch) 94B, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0672.955.415
Summary

HATOR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,439 and a net result of €10,723. Equity is growing by ~24.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability73▲+9
Solvency45▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.59 in 2024; short-term debt: 11% and cash: 0.5% of total assets), and 79.8% of the assets are financed with debt.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-02-2026, 19 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 · 8 filings
Deviation from the deadline
2025
19 d late
2024
11 d late
2023
5 d late
2022
6 d late
2021
24 d late
2020
24 d late
2019
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 16 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 March 2017, HATOR was incorporated.1 Total assets went from EUR 386,732 in 2019 to EUR 304,139 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€61,439▲ 21.1%
2024 · €50,716
Total assets
€304,139▼ 5.6%
2024 · €322,038
Net result
€10,723
2024 · -€12,823
Working capital
-€15,944▼ 23.2%
2024 · -€12,937
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€35,911▼ 1.9%€35,615▼ 0.8%€35,544▼ 0.2%€27,584▼ 22.4%€21,898▼ 20.6%
Net result€22,149▼ 19.5%€34,485▲ 55.7%€26,027▼ 24.5%-€12,823€10,723
Equity€37,850▲ 141%€56,335▲ 48.8%€63,539▲ 12.8%€50,716▼ 20.2%€61,439▲ 21.1%
Total assets€508,181▲ 30.3%€499,539▼ 1.7%€482,103▼ 3.5%€322,038▼ 33.2%€304,139▼ 5.6%
Debt€470,331▲ 25.6%€443,204▼ 5.8%€418,564▼ 5.6%€271,322▼ 35.2%€242,700▼ 10.5%
Working capital-€133,775-€126,964▲ 5.1%-€132,086▼ 4.0%-€12,937▲ 90.2%-€15,944▼ 23.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: €35,911€35,911Net result 2021: €22,149€22,149Operating result 2022: €35,615€35,615Net result 2022: €34,485€34,485Operating result 2023: €35,544€35,544Net result 2023: €26,027€26,027Operating result 2024: €27,584€27,584Net result 2024: -€12,823-€12,823Operating result 2025: €21,898€21,898Net result 2025: €10,723€10,72320212022202320242025-€20,000€0€20,000€40,000Operating result 2023: €35,544€35,500Net result 2023: €26,027€26,000Operating result 2024: €27,584€27,600Net result 2024: -€12,823-€12,800Operating result 2025: €21,898€21,900Net result 2025: €10,723€10,700202320242025
The operating result has fallen four years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304,139
Fixed assets €286,767 ▼ 5.5%
Current assets €17,372 ▼ 7.0%
Equity and liabilities €304,139
Equity €61,439 ▲ 21.1%
Debt €242,700 ▼ 10.5%
Debt's share of the balance-sheet total falls from 84.3% to 79.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€38,486▼
2024 · €44,172
Cash flow
€27,311▲
2024 · €3,765
Current ratio
0.52▼
2024 · 0.59
Debt to equity
3.95▼
2024 · 5.35
ROE
17.5%▲
2024 · -25.3%
ROA
3.5%▲
2024 · -4.0%
Interest coverage
6.24▲
2024 · 6.12
Debt ≤ 1 year
€33,315▲
2024 · €31,620
Debt > 1 year
€209,384▼
2024 · €239,702
Income taxes
€5,004▼
2024 · €5,187
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,273 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€322,038€304,139▼
Fixed assets21/28€303,355€286,767▼
Tangible fixed assets22/27€303,355€286,767▼
Land and buildings22€303,355€286,767▼
Current assets29/58€18,683€17,372▼
Amounts receivable within one year40/41€15,109€15,796▲
Other amounts receivable41€15,109€15,796▲
Cash at bank and in hand54/58€3,574€1,575▼
Equity and liabilities
Total equity and liabilities10/49€322,038€304,139▼
Equity10/15€50,716€61,439▲
Contributions10/11€18,600€18,600=
Reserves13€32,116€42,839▲
Distributable reserves133€32,116€42,839▲
Amounts payable17/49€271,322€242,700▼
Amounts payable after more than one year17€239,702€209,384▼
Financial debts170/4€239,702€209,384▼
Amounts payable within one year42/48€31,620€33,315▲
Current portion of amounts payable after more than one year42€29,616€30,317▲
Trade debts44€1,415€1,903▲
Suppliers440/4€1,415€1,903▲
Taxes, remuneration and social security45-€504
Taxes450/3-€504
Other amounts payable47/48€589€591▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,588€16,588=
Other operating charges640/8€8,554€8,885▲
Gross operating margin9900€52,726€47,371▼
Operating profit (loss)9901€27,584€21,898▼
Financial charges65/66B€35,220€6,171▼
Recurring financial charges65€7,220€6,171▼
Non-recurring financial charges66B€28,000-
Profit (loss) for the period before taxes9903-€7,636€15,726▲
Income taxes67/77€5,187€5,004▼
Profit (loss) for the period9904-€12,823€10,723▲
Profit (loss) for the period to be appropriated9905-€12,823€10,723▲
Appropriation of the result
Profit (loss) to be appropriated9906-€12,823€10,723▲
Transfer from equity791/2€12,823-
Transfer to equity691/2-€10,723
To other reserves6921-€10,723

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,588€16,588€16,588€16,588€16,588=
Other operating charges640/8-€7,740€7,804€8,554€8,885▲ 3.9%
Gross operating margin9900€59,945€59,943€59,936€52,726€47,371▼ 10.2%
Operating profit (loss)9901€35,911€35,615€35,544€27,584€21,898▼ 20.6%
Financial income75/76B-€14,237€5,560---
Recurring financial income75-€14,237€5,560---
Financial charges65/66B-€8,617€8,056€35,220€6,171▼ 82.5%
Recurring financial charges65€8,953€8,617€8,056€7,220€6,171▼ 14.5%
Non-recurring financial charges66B---€28,000--
Profit (loss) for the period before taxes9903€26,958€41,235€33,048-€7,636€15,726▲ 306%
Income taxes67/77€4,809€6,750€7,021€5,187€5,004▼ 3.5%
Profit (loss) for the period9904€22,149€34,485€26,027-€12,823€10,723▲ 184%
Profit (loss) for the period to be appropriated9905€22,149€34,485€26,027-€12,823€10,723▲ 184%
Line20212022202320242025Change
Assets
Total assets20/58€508,181€499,539€482,103€322,038€304,139▼ 5.6%
Fixed assets21/28€498,119€481,531€464,943€303,355€286,767▼ 5.5%
Tangible fixed assets22/27€353,119€336,531€319,943€303,355€286,767▼ 5.5%
Land and buildings22-€336,531€319,943€303,355€286,767▼ 5.5%
Financial fixed assets28€145,000€145,000€145,000---
Current assets29/58€10,062€18,008€17,160€18,683€17,372▼ 7.0%
Amounts receivable within one year40/41€3,191€15,487€11,796€15,109€15,796▲ 4.5%
Other amounts receivable41-€15,487€11,796€15,109€15,796▲ 4.5%
Cash at bank and in hand54/58€6,871€2,521€5,364€3,574€1,575▼ 55.9%
Equity and liabilities
Total equity and liabilities10/49€508,181€499,539€482,103€322,038€304,139▼ 5.6%
Equity10/15€37,850€56,335€63,539€50,716€61,439▲ 21.1%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€19,250€37,735€44,939€32,116€42,839▲ 33.4%
Distributable reserves133-€37,735€44,939€32,116€42,839▲ 33.4%
Profit (loss) carried forward14-€30,402-----
Amounts payable17/49€470,331€443,204€418,564€271,322€242,700▼ 10.5%
Amounts payable after more than one year17€326,494€298,232€269,318€239,702€209,384▼ 12.6%
Financial debts170/4-€298,232€269,318€239,702€209,384▼ 12.6%
Amounts payable within one year42/48€143,837€144,972€149,246€31,620€33,315▲ 5.4%
Current portion of amounts payable after more than one year42-€28,263€28,914€29,616€30,317▲ 2.4%
Trade debts44--€195€1,415€1,903▲ 34.5%
Suppliers440/4--€195€1,415€1,903▲ 34.5%
Taxes, remuneration and social security45--€2,844-€504-
Taxes450/3--€2,844-€504-
Other amounts payable47/48-€116,709€117,293€589€591▲ 0.4%
Line20212022202320242025Change
Profit (loss) for the period9904€22,149€34,485€26,027-€12,823€10,723▲ 184%
+ Depreciation and write-downs630€16,588€16,588€16,588€16,588€16,588=
Operating cash flow (approximation)€38,737€51,073€42,615€3,765€27,311▲ 625%
Investment in fixed assets (approximation)-€0€0€145,000€0▼ 100.0%
Change in cash--€4,350€2,843-€1,790-€1,999▼ 11.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
19-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
30-06
Financial Back to profitnet €10,723
Net result €10,723 after one loss-making year.
11-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-06
Financial Weakest financial yearnet -€12,823
Net result drops to -€12,823, the lowest in the series; recovery starts the following year.
05-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
06-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
30-06
Financial Highest result since 2019net €34,485 ▲55.7%
Net result €34,485, the highest in the series.
24-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
24-02
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
30-06
Financial Back to profitnet €27,503
Net result €27,503 after one loss-making year.
30-06
Financial Liquidity times 71current ratio 1.00
Current ratio from 0.01 to 1.00; short-term debt falls from €30,831 to €20,305.
20-02
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
12-02
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
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, Geraardsbergen · 1 establishment unit since 2017
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.

Dagmoedstraat(Sch) 94B9500 Geraardsbergen
1 establishment unit
Dagmoedstraat(Sch) 94b, 9500 Geraardsbergen
Renting and operating of own or leased residential real estate, excluding social housing
since 20172.264.588.427

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2023 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2023 of HATOR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded23-03-2017
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID 0208:0672955415
Registered 10-04-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.