Hava Dogan
ActiveSummary
Hava Dogan has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €413k and a net result of €199k. Equity is growing by ~71.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+6
Solvency55▲+8
Growth85=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.24 in 2023; short-term debt: 26.7% and cash: 28% of total assets), but 69.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 15367 sector peers (2024).
NBB · sector comparisonPosition among 15367 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
90 d late
2023
113 d late
2022
61 d late
2021
31 d late
2020
31 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€243k
2020 · €0
2018: €0lowest in 4 years
2019: €101k
2020: €0▼ -100% vs 2019lowest in 4 years
2021: €243khighest in 4 years
2018 → 2021
EBIT margin
22.4%▼ 2.5pp
2019 · 24.9%
2019: 24.9%
2021: 22.4%
2019 → 2021
Net result
€199k▲ 67.2%
2023 · €119k
2018: €0lowest in 7 years
2019: €25k
2020: €24k▼ -4.1% vs 2019
2021: €41k▲ +68.7% vs 2020
2022: €62k▲ +52.4% vs 2021
2023: €119k▲ +91.8% vs 2022
2024: €199k▲ +67.2% vs 2023highest in 7 years
2018 → 2024
Working capital
€201k▲ 162%
2023 · €77k
2018: €6k
2019: €14k▲ +132% vs 2018
2020: €42k▲ +190% vs 2019
2021: €51k▲ +22.3% vs 2020
2022: €-54k▼ -206% vs 2021lowest in 7 years
2023: €77k▲ +241% vs 2022
2024: €201k▲ +162% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0-€243k
2020: €0
2021: €243k
Equity€57k-€97k▲ 71.9%€156k▲ 60.0%€275k▲ 76.4%€413k▲ 50.2%
2020: €57klowest in 5 years
2021: €97k▲ +71.9% vs 2020
2022: €156k▲ +60.0% vs 2021
2023: €275k▲ +76.4% vs 2022
2024: €413k▲ +50.2% vs 2023highest in 5 years
Operating result€34k-€54k▲ 59.5%€104k▲ 91.4%€199k▲ 90.5%€308k▲ 54.8%
2020: €34klowest in 5 years
2021: €54k▲ +59.5% vs 2020
2022: €104k▲ +91.4% vs 2021
2023: €199k▲ +90.5% vs 2022
2024: €308k▲ +54.8% vs 2023highest in 5 years
Net result€24k-€41k▲ 68.7%€62k▲ 52.4%€119k▲ 91.8%€199k▲ 67.2%
2020: €24klowest in 5 years
2021: €41k▲ +68.7% vs 2020
2022: €62k▲ +52.4% vs 2021
2023: €119k▲ +91.8% vs 2022
2024: €199k▲ +67.2% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 55% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.37M
Fixed assets
€805k ▼ 4.2%
Current assets
€567k ▲ 41.0%
Equity and liabilities €1.37M
Equity
€413k ▲ 50.2%
Debt
€960k ▼ 0.9%
Debt's share of the balance-sheet total falls from 77.9% to 69.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€343k▲
2023 · €228k
Cash flow
€234k▲
2023 · €148k
Current ratio
1.55▲
2023 · 1.24
Debt to equity
2.33▼
2023 · 3.52
ROE
48.2%▲
2023 · 43.3%
ROA
14.5%▲
2023 · 9.6%
Interest coverage
19.48▲
2023 · 13.75
Debt ≤ 1 year
€366k▲
2023 · €325k
Debt > 1 year
€590k▼
2023 · €643k
Income taxes
€93k▲
2023 · €63k
Staff costs
€273k▲
2023 · €145k
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 · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.24M€1.37M▲
Fixed assets21/28€841k€805k▼
Tangible fixed assets22/27€841k€805k▼
Land and buildings22€690k€672k▼
Plant, machinery and equipment23€2k€958▼
Furniture and vehicles24€59k€46k▼
Other tangible fixed assets26€89k€86k▼
Current assets29/58€402k€567k▲
Amounts receivable within one year40/41€130k€183k▲
Trade receivables40€115k€131k▲
Other amounts receivable41€15k€52k▲
Cash at bank and in hand54/58€272k€384k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.37M▲
Equity10/15€275k€413k▲
Contributions10/11€6k€6k=
Reserves13€244k€382k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€242k€380k▲
Profit (loss) carried forward14€25k€25k=
Amounts payable17/49€968k€960k▼
Amounts payable after more than one year17€643k€590k▼
Financial debts170/4€643k€590k▼
Amounts payable within one year42/48€325k€366k▲
Current portion of amounts payable after more than one year42€51k€53k▲
Financial debts43€7k€30k▲
Credit institutions430/8€7k€30k▲
Trade debts44€78k€73k▼
Suppliers440/4€78k€73k▼
Taxes, remuneration and social security45€106k€153k▲
Taxes450/3€90k€121k▲
Remuneration and social security454/9€16k€31k▲
Other amounts payable47/48€83k€57k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€299k€362k▲
Remuneration, social security and pensions62€145k€273k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€35k▲
Other operating charges640/8€6k€8k▲
Gross operating margin9900€378k€624k▲
Operating profit (loss)9901€199k€308k▲
Financial income75/76B€45€2k▲
Recurring financial income75€30€346▲
Non-recurring financial income76B€15€2k▲
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Non-recurring financial charges66B-€222
Profit (loss) for the period before taxes9903€182k€292k▲
Income taxes67/77€63k€93k▲
Profit (loss) for the period9904€119k€199k▲
Profit (loss) for the period to be appropriated9905€119k€199k▲
Appropriation of the result
Profit (loss) to be appropriated9906€144k€224k▲
Profit (loss) brought forward from the previous period14P€25k€25k=
Transfer from equity791/2-€61k
Transfer to equity691/2€119k€199k▲
To other reserves6921€119k€199k▲
Profit to be distributed694/7-€61k
Return on contributions (dividend)694-€61k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €243k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €87k | €157k | €299k | €362k | ▲ 20.9% |
| Remuneration, social security and pensions62 | - | €87k | €99k | €145k | €273k | ▲ 88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €12k | €41k | €29k | €35k | ▲ 20.8% |
| Other operating charges640/8 | - | €3k | €1k | €6k | €8k | ▲ 40.0% |
| Gross operating margin9900 | €83k | €156k | €245k | €378k | €624k | ▲ 64.9% |
| Operating profit (loss)9901 | €34k | €54k | €104k | €199k | €308k | ▲ 54.8% |
| Financial income75/76B | - | €295 | €1 | €45 | €2k | ▲ 4,925% |
| Recurring financial income75 | €48 | €47 | €1 | €30 | €346 | ▲ 1,053% |
| Non-recurring financial income76B | - | €248 | - | €15 | €2k | ▲ 12,446% |
| Financial charges65/66B | - | €1k | €13k | €17k | €18k | ▲ 7.5% |
| Recurring financial charges65 | €272 | €1k | €13k | €17k | €18k | ▲ 6.2% |
| Non-recurring financial charges66B | - | - | - | - | €222 | - |
| Profit (loss) for the period before taxes9903 | €34k | €54k | €91k | €182k | €292k | ▲ 60.3% |
| Income taxes67/77 | €10k | €13k | €29k | €63k | €93k | ▲ 47.3% |
| Profit (loss) for the period9904 | €24k | €41k | €62k | €119k | €199k | ▲ 67.2% |
| Profit (loss) for the period to be appropriated9905 | €24k | €41k | €62k | €119k | €199k | ▲ 67.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €227k | €1.02M | €1.24M | €1.37M | ▲ 10.4% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €15k | €89k | €869k | €841k | €805k | ▼ 4.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €15k | €89k | €869k | €841k | €805k | ▼ 4.2% |
| Land and buildings22 | - | - | €707k | €690k | €672k | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €958 | ▼ 57.1% |
| Furniture and vehicles24 | - | €86k | €67k | €59k | €46k | ▼ 22.2% |
| Other tangible fixed assets26 | - | - | €92k | €89k | €86k | ▼ 3.5% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €72k | €138k | €152k | €402k | €567k | ▲ 41.0% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €26k | €33k | €76k | €130k | €183k | ▲ 41.2% |
| Trade receivables40 | - | €33k | €58k | €115k | €131k | ▲ 14.2% |
| Other amounts receivable41 | - | €103 | €18k | €15k | €52k | ▲ 247% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €46k | €104k | €77k | €272k | €384k | ▲ 40.9% |
| Deferred charges and accrued income490/1 | - | €1k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €227k | €1.02M | €1.24M | €1.37M | ▲ 10.4% |
| Equity10/15 | €57k | €97k | €156k | €275k | €413k | ▲ 50.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €25k | €66k | €125k | €244k | €382k | ▲ 56.6% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €65k | €123k | €242k | €380k | ▲ 56.9% |
| Profit (loss) carried forward14 | €25k | €25k | €25k | €25k | €25k | = |
| Amounts payable17/49 | €30k | €129k | €865k | €968k | €960k | ▼ 0.9% |
| Amounts payable after more than one year17 | - | €42k | €659k | €643k | €590k | ▼ 8.2% |
| Financial debts170/4 | - | €42k | €659k | €643k | €590k | ▼ 8.2% |
| Amounts payable within one year42/48 | €30k | €87k | €206k | €325k | €366k | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | - | €12k | €42k | €51k | €53k | ▲ 2.7% |
| Financial debts43 | - | €8k | €8k | €7k | €30k | ▲ 312% |
| Credit institutions430/8 | - | €8k | €8k | €7k | €30k | ▲ 312% |
| Trade debts44 | €2k | €2k | €19k | €78k | €73k | ▼ 5.9% |
| Suppliers440/4 | - | €2k | €19k | €78k | €73k | ▼ 5.9% |
| Taxes, remuneration and social security45 | - | €38k | €62k | €106k | €153k | ▲ 43.7% |
| Taxes450/3 | - | €22k | €41k | €90k | €121k | ▲ 34.5% |
| Remuneration and social security454/9 | - | €15k | €21k | €16k | €31k | ▲ 95.4% |
| Other amounts payable47/48 | - | €27k | €76k | €83k | €57k | ▼ 30.7% |
| Accrued charges and deferred income492/3 | - | €115 | - | - | €4k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €41k | €62k | €119k | €199k | ▲ 67.2% |
| + Depreciation and write-downs630 | €4k | €12k | €41k | €29k | €35k | ▲ 20.8% |
| Operating cash flow (approximation) | €28k | €52k | €103k | €148k | €234k | ▲ 58.1% |
| Investment in fixed assets (approximation) | - | €-86k | €-821k | €-706 | €0 | ▲ 100% |
| Change in cash | - | €58k | €-27k | €196k | €111k | ▼ 43.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-12
Financial
Highest result since 2018net €199k ▲67.2%
Operating result €308k, net result €199k, both a record.
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 113 days late
2023
31-12
Financial
Equity above €200kEq €275k ▲76.4%
5 profitable years in a row build equity to €275k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Equity above €150kEq €156k ▲60%
4 profitable years in a row build equity to €156k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Gent · 1 establishment unit since 2018
Ground area
904 m²
Building footprint
651 m²
Volume, LiDAR
5,871 m³
Parcel 44021A3066/00F003, Flanders · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hava Dogan
since 20182.275.487.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3066/00F003 | Flanders | 904 m² | 1 · 651 m² | 15.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,288 EUR awarded · 1,288 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 60 EUR |
| 2024 | 1 | 195 EUR | 135 EUR |
| 2023 | 1 | 1,093 EUR | 1,093 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,730 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.