Havatec
ActiveSummary
Havatec has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €12k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+5
Solvency38▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.74 in 2024; short-term debt: 32% and cash: 0.4% of total assets), and 87.5% of the assets are financed with debt.
Credit check for your own amount and term
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.5%
Return on assets
4.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 16%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
16 d early
2023
26 d early
2022
12 d early
2021
30 d early
2020
15 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▲ 53.4%
2024 · €23k
2018: €117khighest in 8 years
2019: €18k▼ -84.8% vs 2018
2020: €21k▲ +18.1% vs 2019
2021: €-59k▼ -378% vs 2020lowest in 8 years
2022: €-16k▲ +72.6% vs 2021
2023: €20k▲ +222% vs 2022
2024: €23k▲ +17.7% vs 2023
2025: €35k▲ +53.4% vs 2024
2018 → 2025
Total assets
€282k▼ 6.8%
2024 · €303k
2018: €575khighest in 8 years
2019: €491k▼ -14.5% vs 2018
2020: €446k▼ -9.1% vs 2019
2021: €495k▲ +10.9% vs 2020
2022: €468k▼ -5.4% vs 2021
2023: €327k▼ -30.2% vs 2022
2024: €303k▼ -7.2% vs 2023
2025: €282k▼ -6.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€12k▲ 256%
2024 · €3k
2018: €-15k
2019: €-99k▼ -567% vs 2018lowest in 8 years
2020: €3k▲ +103% vs 2019
2021: €-80k▼ -2565% vs 2020
2022: €43k▲ +153% vs 2021highest in 8 years
2023: €36k▼ -16.3% vs 2022
2024: €3k▼ -90.3% vs 2023
2025: €12k▲ +256% vs 2024
2018 → 2025
Working capital
€-23k▲ 15.0%
2024 · €-27k
2018: €6khighest in 8 years
2019: €-77k▼ -1321% vs 2018lowest in 8 years
2020: €-72k▲ +7.6% vs 2019
2021: €-50k▲ +30.1% vs 2020
2022: €-24k▲ +52.5% vs 2021
2023: €-8k▲ +66.1% vs 2022
2024: €-27k▼ -240% vs 2023
2025: €-23k▲ +15.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-59k-€-16k▲ 72.6%€20k€23k▲ 17.7%€35k▲ 53.4%
2021: €-59klowest in 5 years
2022: €-16k▲ +72.6% vs 2021
2023: €20k▲ +222% vs 2022
2024: €23k▲ +17.7% vs 2023
2025: €35k▲ +53.4% vs 2024highest in 5 years
Operating result€-67k-€54k€44k▼ 17.5%€11k▼ 75.2%€24k▲ 117%
2021: €-67klowest in 5 years
2022: €54k▲ +181% vs 2021highest in 5 years
2023: €44k▼ -17.5% vs 2022
2024: €11k▼ -75.2% vs 2023
2025: €24k▲ +117% vs 2024
Net result€-80k-€43k€36k▼ 16.3%€3k▼ 90.3%€12k▲ 256%
2021: €-80klowest in 5 years
2022: €43k▲ +153% vs 2021highest in 5 years
2023: €36k▼ -16.3% vs 2022
2024: €3k▼ -90.3% vs 2023
2025: €12k▲ +256% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 117% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282k
Fixed assets
€215k ▼ 4.5%
Current assets
€67k ▼ 13.6%
Equity and liabilities €282k
Equity
€35k ▲ 53.4%
Debt
€247k ▼ 11.8%
Debt's share of the balance-sheet total falls from 92.4% to 87.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €26k
Cash flow
€28k▲
2024 · €18k
Current ratio
0.74▲
2024 · 0.74
Quick ratio
0.40▲
2024 · 0.27
Debt to equity
6.99▼
2024 · 12.16
ROE
34.8%▲
2024 · 15.0%
ROA
4.4%▲
2024 · 1.1%
Interest coverage
3.45▲
2024 · 3.40
Debt ≤ 1 year
€91k▼
2024 · €105k
Debt > 1 year
€157k▼
2024 · €175k
Income taxes
€1=
2024 · €1
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€303k€282k▼
Fixed assets21/28€225k€215k▼
Tangible fixed assets22/27€225k€215k▼
Land and buildings22€225k€211k▼
Furniture and vehicles24-€4k
Current assets29/58€78k€67k▼
Stocks and contracts in progress3€50k€31k▼
Stocks30/36€34k€31k▼
Contracts in progress37€15k-
Amounts receivable within one year40/41€26k€34k▲
Trade receivables40€9k€14k▲
Other amounts receivable41€17k€20k▲
Cash at bank and in hand54/58€1k€1k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€303k€282k▼
Equity10/15€23k€35k▲
Contributions10/11€19k€19k=
Reserves13€31k€31k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€30k€30k=
Profit (loss) carried forward14€-27k€-15k▲
Amounts payable17/49€280k€247k▼
Amounts payable after more than one year17€175k€157k▼
Financial debts170/4€175k€157k▼
Amounts payable within one year42/48€105k€91k▼
Current portion of amounts payable after more than one year42€37k€18k▼
Financial debts43€23k€5k▼
Credit institutions430/8€23k€5k▼
Trade debts44€44k€66k▲
Suppliers440/4€44k€66k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€16k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€28k€43k▲
Operating profit (loss)9901€11k€24k▲
Financial income75/76B€7€9▲
Recurring financial income75€7€9▲
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€3k€12k▲
Income taxes67/77€1€1=
Profit (loss) for the period9904€3k€12k▲
Profit (loss) for the period to be appropriated9905€3k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-15k▲
Profit (loss) brought forward from the previous period14P€-30k€-27k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €46k | €7k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €19k | €17k | €15k | €16k | ▲ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €22k | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €106k | - | €-106k | - | - | - |
| Other operating charges640/8 | €12k | €12k | €69k | €2k | €3k | ▲ 68.4% |
| Gross operating margin9900 | €116k | €93k | €47k | €28k | €43k | ▲ 56.5% |
| Operating profit (loss)9901 | €-67k | €54k | €44k | €11k | €24k | ▲ 117% |
| Financial income75/76B | €3k | €421 | €5 | €7 | €9 | ▲ 28.6% |
| Recurring financial income75 | €3k | €421 | €5 | €7 | €9 | ▲ 28.6% |
| Financial charges65/66B | €16k | €12k | €9k | €8k | €12k | ▲ 53.2% |
| Recurring financial charges65 | €16k | €12k | €9k | €8k | €12k | ▲ 53.2% |
| Profit (loss) for the period before taxes9903 | €-79k | €43k | €36k | €3k | €12k | ▲ 256% |
| Income taxes67/77 | €287 | - | €1 | €1 | €1 | = |
| Profit (loss) for the period9904 | €-80k | €43k | €36k | €3k | €12k | ▲ 256% |
| Profit (loss) for the period to be appropriated9905 | €-80k | €43k | €36k | €3k | €12k | ▲ 256% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €495k | €468k | €327k | €303k | €282k | ▼ 6.8% |
| Fixed assets21/28 | €381k | €362k | €240k | €225k | €215k | ▼ 4.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €276k | €257k | €240k | €225k | €215k | ▼ 4.5% |
| Land and buildings22 | €276k | €257k | €240k | €225k | €211k | ▼ 6.5% |
| Plant, machinery and equipment23 | €216 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €4k | - |
| Financial fixed assets28 | €106k | €106k | - | - | - | - |
| Current assets29/58 | €114k | €106k | €87k | €78k | €67k | ▼ 13.6% |
| Stocks and contracts in progress3 | €67k | €65k | €59k | €50k | €31k | ▼ 36.9% |
| Stocks30/36 | €39k | €37k | €32k | €34k | €31k | ▼ 8.5% |
| Contracts in progress37 | €27k | €28k | €27k | €15k | - | - |
| Amounts receivable within one year40/41 | €45k | €36k | €17k | €26k | €34k | ▲ 31.8% |
| Trade receivables40 | €45k | €34k | €3k | €9k | €14k | ▲ 58.8% |
| Other amounts receivable41 | - | €1k | €14k | €17k | €20k | ▲ 17.6% |
| Cash at bank and in hand54/58 | €1k | €1k | €9k | €1k | €1k | ▲ 0.7% |
| Deferred charges and accrued income490/1 | €1k | €3k | €2k | €2k | €1k | ▼ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €495k | €468k | €327k | €303k | €282k | ▼ 6.8% |
| Equity10/15 | €-59k | €-16k | €20k | €23k | €35k | ▲ 53.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €31k | €31k | €31k | €31k | €31k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €30k | €30k | €30k | €30k | €30k | = |
| Profit (loss) carried forward14 | €-109k | €-66k | €-30k | €-27k | €-15k | ▲ 45.7% |
| Provisions and deferred taxes16 | €106k | €106k | - | - | - | - |
| Provisions for liabilities and charges160/5 | €106k | €106k | - | - | - | - |
| Other liabilities and charges164/5 | €106k | €106k | - | - | - | - |
| Amounts payable17/49 | €448k | €379k | €307k | €280k | €247k | ▼ 11.8% |
| Amounts payable after more than one year17 | €284k | €249k | €212k | €175k | €157k | ▼ 10.5% |
| Financial debts170/4 | €284k | €249k | €212k | €175k | €157k | ▼ 10.5% |
| Amounts payable within one year42/48 | €164k | €130k | €95k | €105k | €91k | ▼ 13.9% |
| Current portion of amounts payable after more than one year42 | €29k | €35k | €36k | €37k | €18k | ▼ 50.8% |
| Financial debts43 | €18k | €3k | - | €23k | €5k | ▼ 78.7% |
| Credit institutions430/8 | €18k | €3k | - | €23k | €5k | ▼ 78.7% |
| Trade debts44 | €39k | €67k | €51k | €44k | €66k | ▲ 51.6% |
| Suppliers440/4 | €39k | €67k | €51k | €44k | €66k | ▲ 51.6% |
| Taxes, remuneration and social security45 | €22k | €6k | €7k | €1k | €1k | = |
| Taxes450/3 | €9k | €1k | €1k | €1k | €1k | = |
| Remuneration and social security454/9 | €13k | €5k | €6k | - | - | - |
| Other amounts payable47/48 | €55k | €19k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-80k | €43k | €36k | €3k | €12k | ▲ 256% |
| + Depreciation and write-downs630 | €19k | €19k | €17k | €15k | €16k | ▲ 9.4% |
| Operating cash flow (approximation) | €-61k | €62k | €52k | €18k | €28k | ▲ 56.5% |
| Investment in fixed assets (approximation) | - | €0 | €106k | €0 | €-6k | - |
| Change in cash | - | €1 | €8k | €-8k | €7 | ▲ 100% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet €-99k
Net result drops to €-99k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Roeselare · 1 establishment unit since 2008
Ground area
1,302 m²
Building footprint
174 m²
Volume, LiDAR
1,093 m³
Parcel 36502B1860/00N004, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Havatec
since 20082.174.510.069
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B1860/00N004 | Flanders | 1,302 m² | 1 · 174 m² | 8.6 m · 2 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,827 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 (pre-2019)
Founded23-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.