HAVAN
Dissolution or liquidationFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 06-01-2026 PDF all 16 filings
Turnover
≈ €240,000
Estimated: probably between €160,000 and €410,000
Total assets
€32,129▼ 84.1%
2024 · €202,105
Net result
€49,917▼ 34.3%
2024 · €75,920
Working capital
€25,434▲ 140%
2024 · €10,599
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€62,898
▼ 26.7%
2025
20192025
Net result
€49,917
▼ 34.3%
2025
20192025
Equity
€7,192
2025
20192025
Total assets
€32,129
▼ 84.1%
2025
20192025
Debt
€24,938
▼ 89.8%
2025
20192025
Working capital
€25,434
▲ 140%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€3,900-€15,781▲ 305%€54,262▲ 244%€67,055▲ 23.6%€12,160▼ 81.9%€85,785▲ 605%€62,898▼ 26.7%
Net result€3,488-€14,791▲ 324%€50,001▲ 238%€62,048▲ 24.1%€8,023▼ 87.1%€75,920▲ 846%€49,917▼ 34.3%
Equity-€253,509--€238,718▲ 5.8%-€188,717▲ 20.9%-€126,668▲ 32.9%-€118,645▲ 6.3%-€42,725▲ 64.0%€7,192
Total assets€30,163-€29,446▼ 2.4%€516,856▲ 18×€38,319▼ 92.6%€266,968▲ 597%€202,105▼ 24.3%€32,129▼ 84.1%
Debt€283,672-€268,164▼ 5.5%€705,572▲ 163%€164,988▼ 76.6%€385,613▲ 134%€244,830▼ 36.5%€24,938▼ 89.8%
Working capital€16,988-€13,186▼ 22.4%€54,404▲ 313%€5,929▼ 89.1%€20,131▲ 240%€10,599▼ 47.3%€25,434▲ 140%
The operating result for 2025 is 27% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Equity and liabilities €32,129
Equity
€7,192
Debt
€24,938
Debt's share of the balance-sheet total is 77.6%.
Key figures and ratios
Current ratio
4.80▲
2024 · 1.22
Debt to equity
3.47
ROE
694.1%
ROA
155.4%▲
2024 · 37.6%
Debt ≤ 1 year
€6,695▼
2024 · €47,628
Debt > 1 year
€18,122▼
2024 · €197,203
Income taxes
€6,994
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €221,619 | - | - |
| Depreciation and write-downs of the year | €496 | €8,859 | €0 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,012 | €2,814 | €9,328 | €496 | €8,859 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €497 | €595 | €1,739 | €471 | ▼ 72.9% |
| Non-recurring operating charges66A | - | - | - | €373 | - | €6,072 | €15,779 | ▲ 160% |
| Gross operating margin9900 | €9,660 | €19,327 | €64,724 | €68,421 | €21,613 | €93,595 | €79,148 | ▼ 15.4% |
| Operating profit (loss)9901 | €3,900 | €15,781 | €54,262 | €67,055 | €12,160 | €85,785 | €62,898 | ▼ 26.7% |
| Financial income75/76B | - | - | - | €2 | €1 | €0 | - | - |
| Recurring financial income75 | €0 | - | €329 | €2 | €1 | €0 | - | - |
| Financial charges65/66B | - | - | - | €5,008 | €4,137 | €9,865 | €5,987 | ▼ 39.3% |
| Recurring financial charges65 | €412 | €990 | €4,590 | €5,008 | €4,137 | €9,865 | €5,987 | ▼ 39.3% |
| Profit (loss) for the period before taxes9903 | €3,488 | €14,791 | €50,001 | €62,048 | €8,023 | €75,920 | €56,910 | ▼ 25.0% |
| Income taxes67/77 | - | - | - | - | - | - | €6,994 | - |
| Profit (loss) for the period9904 | €3,488 | €14,791 | €50,001 | €62,048 | €8,023 | €75,920 | €49,917 | ▼ 34.3% |
| Profit (loss) for the period to be appropriated9905 | €3,488 | €14,791 | €50,001 | €62,048 | €8,023 | €75,920 | €49,917 | ▼ 34.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €30,163 | €29,446 | €516,856 | €38,319 | €266,968 | €202,105 | €32,129 | ▼ 84.1% |
| Fixed assets21/28 | €4,003 | €1,189 | €124,836 | - | €212,760 | €143,878 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €4,003 | €1,189 | €124,836 | - | €212,760 | €143,878 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €212,760 | €143,878 | €0 | ▼ 100% |
| Current assets29/58 | €26,160 | €28,257 | €392,020 | €38,319 | €54,208 | €58,227 | €32,129 | ▼ 44.8% |
| Stocks and contracts in progress3 | - | €6,800 | €157,977 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €16,291 | €17,968 | €215,302 | €2,889 | €44,151 | €3,630 | €6,923 | ▲ 90.7% |
| Trade receivables40 | - | - | - | €2,889 | €2,178 | €3,630 | €6,923 | ▲ 90.7% |
| Other amounts receivable41 | - | - | - | - | €41,973 | €0 | - | - |
| Cash at bank and in hand54/58 | €9,869 | €3,489 | €18,741 | €35,430 | €10,057 | €54,597 | €25,207 | ▼ 53.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €30,163 | €29,446 | €516,856 | €38,319 | €266,968 | €202,105 | €32,129 | ▼ 84.1% |
| Equity10/15 | -€253,509 | -€238,718 | -€188,717 | -€126,668 | -€118,645 | -€42,725 | €7,192 | - |
| Contributions10/11 | €48,600 | - | - | €48,600 | €48,600 | €48,600 | €48,600 | = |
| Profit (loss) carried forward14 | -€302,109 | -€287,318 | -€237,317 | -€175,268 | -€167,245 | -€91,325 | -€41,408 | ▲ 54.7% |
| Amounts payable17/49 | €283,672 | €268,164 | €705,572 | €164,988 | €385,613 | €244,830 | €24,938 | ▼ 89.8% |
| Amounts payable after more than one year17 | €274,500 | €253,093 | €367,956 | €132,598 | €351,536 | €197,203 | €18,122 | ▼ 90.8% |
| Financial debts170/4 | - | - | - | €132,598 | €351,536 | €197,203 | €18,122 | ▼ 90.8% |
| Amounts payable within one year42/48 | €9,172 | €15,071 | €337,616 | €32,390 | €34,077 | €47,628 | €6,695 | ▼ 85.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €29,917 | €34,542 | €0 | ▼ 100% |
| Trade debts44 | €681 | €1,777 | €71,993 | €3,188 | €3,335 | €118 | €438 | ▲ 271% |
| Suppliers440/4 | - | - | - | €3,188 | €3,335 | €118 | €438 | ▲ 271% |
| Taxes, remuneration and social security45 | - | - | - | €29,202 | €825 | €12,967 | €6,257 | ▼ 51.7% |
| Taxes450/3 | - | - | - | €29,202 | €825 | €12,967 | €6,257 | ▼ 51.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €120 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,488 | €14,791 | €50,001 | €62,048 | €8,023 | €75,920 | €49,917 | ▼ 34.3% |
| + Depreciation and write-downs630 | €3,012 | €2,814 | €9,328 | €496 | €8,859 | €0 | - | - |
| Operating cash flow (approximation) | €6,500 | €17,605 | €59,329 | €62,544 | €16,882 | €75,920 | €49,917 | ▼ 34.3% |
| Investment in fixed assets (approximation) | - | €0 | -€132,974 | - | - | €68,882 | €143,878 | ▲ 109% |
| Change in cash | - | -€6,380 | €15,252 | €16,689 | -€25,374 | €44,540 | -€29,390 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 06-01-2026 | 2026-00003327 | |
| 30-06-2024 | micro format | 27-01-2025 | 2025-00011158 | |
| 31-03-2023 | micro format | 05-10-2023 | 2023-00472836 | |
| 31-03-2022 | micro format | 05-10-2022 | 2022-20453140 | |
| 31-03-2021 | micro format | 27-10-2021 | 2021-74400091 | |
| 31-03-2020 | micro format | 01-10-2020 | 2020-58900471 | |
| 31-03-2019 | micro format | 18-10-2019 | 2019-70800158 | |
| 31-03-2018 | micro format | 25-10-2018 | 2018-70100346 | |
| 31-03-2017 | micro format | 02-10-2017 | 2017-65500432 | |
| 31-03-2016 | abbreviated format | 05-10-2016 | 2016-65100283 |