HATS INTERNATIONAL
The computed 12-month bankruptcy probability of HATS INTERNATIONAL is 0.6% (low). The 2024 annual accounts show equity of €47k and a net result of €-2k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 94% of 291 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €47k |
| Net result | €-2k |
| Better than sector | 94% |
| Active | 23 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 94.2% | 47.9% | |
| Net result | €-2k | €6k | |
| Equity | €47k | €38k | |
| Gross operating margin | €938 | €25k | |
| Total assets | €50k | €101k |
Show 7 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €1k |
| Net profit | €-2k |
| Cash flow | €976 |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €50k |
| Equity | €47k |
| Debt | €3k |
| of which ≤ 1y | €3k |
| of which > 1y | - |
| Working capital | €26k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 9.93 |
| Quick ratio | 6.75 |
| Working capital ratio | 52.1% |
| Solvency | 94.2% |
| Debt / equity | 0.06 |
| Long-term debt ratio | - |
| Interest coverage | 8.23 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.3% |
| ROE | -3.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (20 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €50k |
| Fixed assets | 21/28 | €21k |
| Tangible fixed assets | 22/27 | €21k |
| Current assets | 29/58 | €29k |
| Stocks & contracts in progress | 3 | €9k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €16k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €50k |
| Equity | 10/15 | €47k |
| Contributions / capital | 10/11 | €62k |
| Accumulated profits (losses) | 14 | €-15k |
| Amounts payable | 17/49 | €3k |
| Amounts payable within one year | 42/48 | €3k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €938 |
| Operating result | 9901 | €-2k |
| Financial charges | 65 | €135 |
| Result before taxes | 9903 | €-2k |
| Net result for the period | 9904 | €-2k |
| Result to be appropriated | 9905 | €-2k |
| NACE primary | Uitgeven van boeken(58110) |
| Legal form | Public limited company(014) |
| Incorporation | 07-08-2003 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0222/00B006 | Brussels | 946 m² | 1 · 309 m² | 47.9 m · 15 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
08-09-2025 Transaction in capital or shares
Technical details
{
"events": [
{
"kind": "fusion_par_absorption",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": "Pauline Franckx",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-09-08",
"filing_date": "2025-09-01",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "assembl\u00E9e_generale_extraordinaire",
"act_date": "2025-08-27",
"unanimous": true,
"under_authorized_capital": true,
"underlying_resolution_date": null
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0859.991.013",
"name_full": "EDITIONS JPMDR",
"legal_form": "Soci\u00E9t\u00E9 anonyme",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Pauline Franckx",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire"
},
"co_filed_documents": [
"exp\u00E9dition conforme de l\u0027acte",
"statuts coordonn\u00E9s"
],
"shareholders_after": [],
"share_classes_after": []
}27-06-2025 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "proposal",
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-06-27",
"filing_date": "2025-06-20",
"act_kind_objet": "Projet de fusion"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2025-06-20",
"unanimous": null
},
"conversion": null,
"detected_kind": "merger_absorption",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0859.991.013",
"name": "EDITIONS JPMDR",
"role": "acquiring",
"address": "Avenue Louise 437, 1050 Ixelles",
"is_foreign": false,
"legal_form": "SA",
"is_new_company": false,
"jurisdiction_country": "BE"
},
{
"kbo": "0447.138.128",
"name": "HATS INTERNATIONAL",
"role": "absorbed",
"address": "Avenue Louise 437, 1050 Ixelles",
"is_foreign": false,
"legal_form": "SA",
"is_new_company": false,
"jurisdiction_country": "BE"
}
],
"exchange_ratio": null,
"legal_articles": [
"12:50",
"12:7"
],
"is_cross_border": false,
"is_silent_merger": true,
"balance_basis_date": "2025-02-28",
"exchange_ratio_text": null,
"new_shares_issued_n": null,
"real_estate_included": false,
"patrimony_description": "The entire assets and liabilities of the absorbed company (HATS INTERNATIONAL) are transferred to the acquiring company (EDITIONS JPMDR).",
"equity_transferred_eur": null,
"accounting_effective_date": "2025-03-01"
},
"subject_company": {
"kbo": "0859.991.013",
"name_full": "EDITIONS JPMDR",
"legal_form": "Soci\u00E9t\u00E9 Anonyme"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "SRL RFerence",
"person_name": "Felaniaina Rakotomanantsoa",
"org_rep_person_name": "Felaniaina Rakotomanantsoa"
},
"summary_narrative": "A projet de fusion par absorption est soumis pour la S.A. \u00AB EDITIONS JPMDR \u00BB (absorbante) par la S.A. \u00AB HATS INTERNATIONAL \u00BB (absorb\u00E9e). L\u0027op\u00E9ration est assimil\u00E9e \u00E0 une fusion par absorption car les actionnaires des deux soci\u00E9t\u00E9s sont les m\u00EAmes et dans les m\u00EAmes proportions, sans \u00E9change de titres ni \u00E9mission de nouvelles actions. La fusion sera effective comptablement \u00E0 partir du 1er mars 2025.",
"co_filed_documents": [],
"detected_real_type": "fusion_proposal",
"referenced_correction": null,
"should_reroute_to_category": null
}| Legal nameFR | HATS INTERNATIONAL |