Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Of this, €65,228 falls due within a year.
The 2024 accounts came 14 days late. The other three were filed on time.
Lower solvency than 95% of companies in advertising and market research. Sector median 53.3% · 8,617 companies.
In July 2024, 6,008 companies had the same profile as HATTRICKS has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for HATTRICKS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| HATTRICKS Waregem | €6,825 | -€2,440 | -927.2% | - |
| BeSeen Communications Overijse | €7,973 | -€1,532 | -67.1% | - |
| EA HOLDING Woluwe-Saint-Lambert | €6,831 | -€2,644 | -2694.9% | - |
| Marcomsulta Antwerp | €5,613 | -€1,731 | 80.8% | - |
| JGS SOLUTIONS Deinze | €6,588 | -€4,644 | 14.7% | - |
| MBF Consulting Schoten | €8,399 | -€461 | 23.5% | - |
| DAST BURST Erpe-Mere | €9,047 | -€1,537 | 13.3% | - |
These companies have the same main activity as HATTRICKS: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €5,610 and €9,050, founded between 2019 and 2021.
HATTRICKS files the micro format. That format states no turnover. The gross margin fell from €50,028 in 2022 to -€2,440 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 8,617 companies in 2025.
Lower than 95% of 8,293 companies in 2025.
Lower than 95% of 8,402 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
6,825 | 8,723 | 34,236 | 754,461 | |
21/28 |
1,621 | 2,730 | 2,020 | 2,888 | |
22/27 |
1,621 | 2,730 | 2,020 | 2,888 | |
23 |
1,621 | 2,730 | 2,020 | 2,888 | |
29/58 |
5,204 | 5,993 | 32,215 | 751,572 | |
40/41 |
3,284 | 3,750 | 3,772 | 8,834 | |
40 |
2,900 | 3,547 | 3,737 | 8,804 | |
41 |
384 | 203 | 35 | 30 | |
54/58 |
236 | 374 | 25,508 | 739,797 | |
490/1 |
1,684 | 1,868 | 2,935 | 2,942 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
6,825 | 8,723 | 34,236 | 754,461 | |
10/15 |
-63,277 | -55,608 | -42,395 | 54,831 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
51,831 | 51,831 | 51,831 | 51,831 | |
132 |
31,575 | 31,575 | 31,575 | 31,575 | |
133 |
20,256 | 20,256 | 20,256 | 20,256 | |
14 |
-118,108 | -110,439 | -97,226 | - | |
17/49 |
70,101 | 64,331 | 76,631 | 699,629 | |
42/48 |
65,228 | 61,975 | 64,105 | 699,567 | |
44 |
1,149 | 1,861 | 632 | 8,816 | |
440/4 |
1,149 | 1,861 | 632 | 8,816 | |
45 |
5,643 | 5,409 | 2,439 | 21,896 | |
450/3 |
5,643 | 5,409 | 2,439 | 21,896 | |
47/48 |
58,436 | 54,705 | 61,034 | 668,855 | |
492/3 |
4,874 | 2,356 | 12,526 | 62 | |
| Income statement | |||||
9900 |
-2,440 | -7,086 | 9,529 | 50,028 | |
630 |
1,109 | 1,170 | 868 | 717 | |
640/8 |
1,177 | 3,057 | 3,462 | 394 | |
9901 |
-4,726 | -11,313 | 5,199 | 48,917 | |
75/76B |
39 | 521 | 127,099 | 172,231 | |
75 |
39 | 521 | 127,099 | 172,231 | |
65/66B |
2,853 | 2,557 | 229,156 | 142,991 | |
65 |
2,853 | 2,557 | 229,156 | 142,991 | |
9903 |
-7,540 | -13,349 | -96,858 | 78,158 | |
67/77 |
129 | -136 | 368 | 26,326 | |
9904 |
-7,668 | -13,213 | -97,226 | 51,831 | |
689 |
- | - | 0 | 31,575 | |
9905 |
-7,668 | -13,213 | -97,226 | 20,256 | |
| Appropriation of the result | |||||
9906 |
-118,108 | -110,439 | -97,226 | 20,256 | |
14P |
-110,439 | -97,226 | - | - | |
691/2 |
- | - | 0 | 20,256 | |
6921 |
- | - | 0 | 20,256 | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-01-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -3,617 | -10,143 | 6,067 | 49,634 | ||
| -6,559 | -12,043 | -96,358 | 52,548 | ||
| 0 | 1,880 | 0 | 3,605 | ||
| -139 | -25,134 | -714,288 | - | ||
| -60,024 | -55,983 | -31,890 | 52,005 | ||
| -927.2% | -637.5% | -123.8% | 7.3% | ||
| 0.08 | 0.10 | 0.50 | 1.07 | ||
| - | - | - | 12.76 | ||
| - | - | - | 94.5% | ||
| -112.4% | -151.5% | -284.0% | 6.9% | ||
| -1.27 | -3.97 | 0.03 | 0.35 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,880 | - | €3,605 |
| €1,109 | €1,170 | €868 | €717 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,726, smaller than the loss of €11,313 in 2024.
Equity is negative. Debt (€70,101) exceeds the balance-sheet total (€6,825).
HATTRICKS has no parent and no holdings in its annual accounts. is the only director. HATTRICKS shares no director with another company.
| Devroe, Delphine (sole trader)
establishment since 13-02-2026 |
founded in 2026 1034.383.551 |
| Pauwels, Gregory Marcel (sole trader)
establishment since 18-12-2010 |
founded in 2010 0704.540.890 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Felix Verhaeghestraat 18 registered office 8790 Waregem 46190 Agents in non-specialised wholesale trade | 25-09-2020 | 2.307.621.981 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34452B0504/00E004 | 1,141 m² | 1 · 163 m² | 9.4 m · 2 |
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