HATS MEN
ActiveHATS MEN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €-25k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-6
Solvency68▼-22
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.72 against 1.53 in 2024), and 47.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
52.8%
Return on assets
-33.9%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
41 d early
2023
42 d early
2022
48 d early
2021
20 d early
2020
37 d early
2019
21 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-25k
2024 · €783
2018: €2k
2019: €927
2020: €-2k
2021: €-4k
2022: €-2k
2023: €-7k
2024: €783
2018 → 2025
Working capital
€-10k
2024 · €9k
2018: €14k
2019: €17k
2020: €17k
2021: €16k
2023: €5k
2024: €9k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€70k▼ 2.9%€63k▼ 10.3%€64k▲ 1.2%€39k▼ 39.1%
Operating result€-4k-€-2k▲ 47.3%€-7k▼ 256%€918€-25k
Net result€-4k-€-2k▲ 45.8%€-7k▼ 242%€783€-25k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €25k after €918 in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€49k▼ 16.2%
Current assets
€25k▼ 2.0%
Equity and liabilities €74k
Equity
€39k▼ 39.1%
Debt
€35k▲ 76.9%
The debt ratio rises from 23.5% to 47.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-15k▼
2024 · €4k
Cash flow
€-16k▼
2024 · €4k
Solvency
52.8%▼
2024 · 76.5%
Current ratio
0.72▼
2024 · 1.53
Quick ratio
0.72▼
2024 · 1.53
Debt / equity
0.89▲
2024 · 0.31
ROE
-64.2%▼
2024 · 1.2%
ROA
-33.9%▼
2024 · 0.9%
Interest coverage
-103.28▼
2024 · 33.33
Debt
€35k▲
2024 · €20k
Debt ≤ 1 year
€35k▲
2024 · €17k
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€84k€74k▼
Fixed assets21/28€58k€49k▼
Tangible fixed assets22/27€58k€49k▼
Land and buildings22€49k€41k▼
Other tangible fixed assets26€9k€8k▼
Current assets29/58€26k€25k▼
Amounts receivable within one year40/41€11k€22k▲
Trade receivables40€11k€22k▲
Other amounts receivable41-€0
Cash at bank and in hand54/58€11k€2k▼
Deferred charges and accrued income490/1€3k€800▼
Equity and liabilities
Total equity and liabilities10/49€84k€74k▼
Equity10/15€64k€39k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€305€-25k▼
Amounts payable17/49€20k€35k▲
Amounts payable within one year42/48€17k€35k▲
Trade debts44€17k€32k▲
Suppliers440/4€17k€32k▲
Taxes, remuneration and social security45-€0
Taxes450/3-€0
Other amounts payable47/48-€3k
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61-€47k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€9k▲
Other operating charges640/8€7k€4k▼
Gross operating margin9900€12k€-11k▼
Operating profit (loss)9901€918€-25k▼
Financial charges65/66B€135€150▲
Recurring financial charges65€135€150▲
Profit (loss) for the period before taxes9903€783€-25k▼
Profit (loss) for the period9904€783€-25k▼
Profit (loss) for the period to be appropriated9905€783€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€325€-25k▼
Profit (loss) brought forward from the previous period14P€-458€305▲
Transfer to equity691/2€20-
To the legal reserve6920€20-
The notes to these accounts (3 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-25k ▼3294%
Net result drops to €-25k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €783
Net result €783 after 4 loss-making years.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
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
9 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, Brussel · 1 establishment unit since 1994
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.
Louizalaan 4371050 BrusselGround area
946 m²
Building footprint
309 m²
Volume, LiDAR
12,748 m³
Parcel 21822R0222/00B006, Brussels · tallest building 47.9 m, ±15 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 437, 1050 Brussel
since 19942.067.891.134
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0222/00B006 | Brussels | 946 m² | 1 · 309 m² | 47.9 m · 15 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.
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NB IMMO
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SAO Immo
BE 0797.738.886
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ADVENTUM INVEST
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Lambregts Carlease Inc.
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Of 9,093 companies in sector 68201 we hold annual accounts for 6,724. 2,999 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-06-1994
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.