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HAVANI - CONSTRUCT

Active
Private limited companyfounded 199927 yrs activeGelembekestraat(Zar) 11, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0466.842.885
Summary

HAVANI - CONSTRUCT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency46▲+36
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 0.76 in 2023; short-term debt: 79.4% and cash: 9.3% of total assets), and 79.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
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 2024
Solvency, return and age of the figures
Solvency
20.6%
Return on assets
31.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
21 d late
2022
17 d late
2021
16 d late
2020
20 d late
2019
83 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HAVANI - CONSTRUCT was incorporated on 21 September 1999.1 Total assets rose from EUR 39,966 in 2018 to EUR 44,290 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

Financials · fiscal year 2024, micro schema

Equity
€9k
2023 · €-5k
Total assets
€44k▲ 35.7%
2023 · €33k
Net result
€14k▲ 31.2%
2023 · €11k
Working capital
€6k
2023 · €-9k
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€-16k▼ 80.3%€-80▲ 99.5%€9k€11k▲ 14.2%€15k▲ 43.7%
Net result€-16k▼ 81.1%€-159▲ 99.0%€9k€11k▲ 14.9%€14k▲ 31.2%
Equity€-25k▼ 171%€-25k=€-16k▲ 37.4%€-5k▲ 68.6%€9k
Total assets€17k▼ 30.2%€9k▼ 49.2%€25k▲ 184%€33k▲ 30.2%€44k▲ 35.7%
Debt€42k▲ 23.9%€34k▼ 20.3%€41k▲ 20.7%€38k▼ 7.6%€35k▼ 6.3%
Working capital€-26k▼ 148%€-27k▼ 4.5%€-19k▲ 30.4%€-9k▲ 52.6%€6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-20k€-10k€0€10k€20kOperating result 2020: €-16k€-16kNet result 2020: €-16k€-16kOperating result 2021: €-80€-80Net result 2021: €-159€-159Operating result 2022: €9k€9kNet result 2022: €9k€9kOperating result 2023: €11k€11kNet result 2023: €11k€11kOperating result 2024: €15k€15kNet result 2024: €14k€14k20202021202220232024€0€5k€10k€15kOperating result 2022: €9k€9.4kNet result 2022: €9k€9.3kOperating result 2023: €11k€11kNet result 2023: €11k€11kOperating result 2024: €15k€15kNet result 2024: €14k€14k202220232024
The operating result has risen four years in a row; 2024 is 44% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44k
Fixed assets €3k ▼ 19.1%
Current assets €41k ▲ 43.7%
Equity and liabilities €44k
Equity €9k
Debt €35k
Debt finances 79.4% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
EBITDA
€16k▲
2023 · €11k
Cash flow
€15k▲
2023 · €11k
Current ratio
1.16▲
2023 · 0.76
Quick ratio
1.08▲
2023 · 0.65
Debt to equity
3.86▲
2023 · -7.68
ROE
153.6%
ROA
31.6%▼
2023 · 32.7%
Interest coverage
74.42▼
2023 · 132.40
Debt ≤ 1 year
€35k▼
2023 · €38k
Income taxes
€1k
Staff costs
€8▼
2023 · €384
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€33k€44k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€915€645▼
Financial fixed assets28€1k€1k=
Current assets29/58€28k€41k▲
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€18k€33k▲
Trade receivables40€15k€29k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1€463€1k▲
Equity and liabilities
Total equity and liabilities10/49€33k€44k▲
Equity10/15€-5k€9k▲
Contributions10/11€13k€13k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-19k€-5k▲
Amounts payable17/49€38k€35k▼
Amounts payable within one year42/48€38k€35k▼
Trade debts44€92€2k▲
Suppliers440/4€92€2k▲
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€413-
Remuneration and social security454/9€12k€10k▼
Other amounts payable47/48€25k€23k▼
Income statement Code20232024
Remuneration, social security and pensions62€384€8▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€720€796▲
Other operating charges640/8€229€622▲
Gross operating margin9900€12k€17k▲
Operating profit (loss)9901€11k€15k▲
Financial charges65/66B€87€218▲
Recurring financial charges65€87€218▲
Profit (loss) for the period before taxes9903€11k€15k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€11k€14k▲
Profit (loss) for the period to be appropriated9905€11k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-5k▲
Profit (loss) brought forward from the previous period14P€-30k€-19k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62--€348€384€8▼ 98.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€98€421€720€796▲ 10.6%
Other operating charges640/8-€594€212€229€622▲ 171%
Gross operating margin9900€-15k€612€10k€12k€17k▲ 39.6%
Operating profit (loss)9901€-16k€-80€9k€11k€15k▲ 43.7%
Financial income75/76B-€1€5---
Recurring financial income75€0€1€5---
Financial charges65/66B-€80€136€87€218▲ 152%
Recurring financial charges65€63€80€136€87€218▲ 152%
Profit (loss) for the period before taxes9903€-16k€-159€9k€11k€15k▲ 42.8%
Income taxes67/77----€1k-
Profit (loss) for the period9904€-16k€-159€9k€11k€14k▲ 31.2%
Profit (loss) for the period to be appropriated9905€-16k€-159€9k€11k€14k▲ 31.2%
Line20202021202220232024Change
Assets
Total assets20/58€17k€9k€25k€33k€44k▲ 35.7%
Fixed assets21/28€1k€3k€4k€4k€3k▼ 19.1%
Tangible fixed assets22/27-€1k€2k€3k€2k▼ 29.0%
Plant, machinery and equipment23-€1k€926€2k€1k▼ 28.8%
Furniture and vehicles24--€1k€915€645▼ 29.5%
Financial fixed assets28€1k€1k€1k€1k€1k=
Current assets29/58€16k€6k€22k€28k€41k▲ 43.7%
Stocks and contracts in progress3€4k€4k€4k€4k€3k▼ 29.6%
Stocks30/36-€4k€4k€4k€3k▼ 29.6%
Amounts receivable within one year40/41€6k€752€15k€18k€33k▲ 78.3%
Trade receivables40-€691€14k€15k€29k▲ 91.1%
Other amounts receivable41-€61€359€3k€3k▲ 10.2%
Cash at bank and in hand54/58€5k€218€2k€6k€4k▼ 25.6%
Deferred charges and accrued income490/1-€1k€934€463€1k▲ 172%
Equity and liabilities
Total equity and liabilities10/49€17k€9k€25k€33k€44k▲ 35.7%
Equity10/15€-25k€-25k€-16k€-5k€9k▲ 287%
Contributions10/11-€13k€13k€13k€13k=
Reserves13€2k€2k€2k€2k€2k=
Non-distributable reserves130/1-€2k€2k€2k€2k=
Reserves not available under the articles1311-€2k€2k€2k€2k=
Profit (loss) carried forward14€-39k€-39k€-30k€-19k€-5k▲ 72.0%
Amounts payable17/49€42k€34k€41k€38k€35k▼ 6.3%
Amounts payable within one year42/48€42k€34k€41k€38k€35k▼ 6.3%
Trade debts44€1k€46€1k€92€2k▲ 2,194%
Suppliers440/4-€46€1k€92€2k▲ 2,194%
Taxes, remuneration and social security45-€6k€12k€12k€10k▼ 16.3%
Taxes450/3-€43€16€413--
Remuneration and social security454/9-€6k€12k€12k€10k▼ 13.3%
Other amounts payable47/48-€28k€27k€25k€23k▼ 9.5%
Line20202021202220232024Change
Profit (loss) for the period9904€-16k€-159€9k€11k€14k▲ 31.2%
+ Depreciation and write-downs630-€98€421€720€796▲ 10.6%
Operating cash flow (approximation)€-16k€-61€10k€11k€15k▲ 29.9%
Investment in fixed assets (approximation)-€-1k€-1k€-1k€0▲ 100%
Change in cash-€-5k€2k€4k€-1k▼ 140%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Highest result since 2018net €14k ▲31.2%
Operating result €15k, net result €14k, both a record.
21-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
17-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial Back to profitnet €9k
Net result €9k after 3 loss-making years.
16-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
20-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
22-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
27-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
16-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Geraardsbergen · 2 establishment units since 1999
seat establishment All 2 establishment units on the map
Ground area
3,141 m²
Building footprint
657 m²
Volume, LiDAR
3,111 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
HAVANI-CONSTRUCT
Gelembekestraat(Zar) 11, 9500 GeraardsbergenManufacture of machinery and equipment not elsewhere classified
since 19992.092.354.336
Café Tourmalet
Aalstsesteenweg(Sch) 100, 9506 GeraardsbergenOther retail sale of food
since 20262.385.637.893
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41079B0747/00D000 Flanders 2,406 m² 1 · 470 m² 8.2 m · 1 fl.
41059A0678/00Y000 Flanders 735 m² 1 · 187 m² 9.4 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 8,915 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
Founded21-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
56301Cafés and bars
Contact
E-mail cafetourmalet2026@gmail.comGeraardsbergen

Scores and ratios are computed by Checked and are not a credit decision.