HAWK
ActiveSummary
HAWK has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€7,386) and a net result of -€5,533. Equity is growing by ~21% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▼-55
Solvency19▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.31 against 1.34 in 2024; short-term debt: 24.5% and cash: 32% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2025Solvency, return and age of the figures
Solvency
-6.1%
Return on assets
-4.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€7,386
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2024
1 d early
2023
30 d early
2022
27 d early
2021
18 d late
2020
9 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€7,386▼ 299%
2024 · -€1,853
Total assets
€121,136▼ 2.7%
2024 · €124,474
Net result
-€5,533▼ 531%
2024 · -€877
Working capital
€9,088▼ 5.1%
2024 · €9,573
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
Line20212022202320242025
Operating result€1,419▼ 11.6%€1,962▲ 38.3%€4,037▲ 106%-€789-€5,327▼ 575%
Net result€1,229▼ 12.9%€1,635▲ 33.1%€3,827▲ 134%-€877-€5,533▼ 531%
Equity-€6,439▲ 16.0%-€4,804▲ 25.4%-€976▲ 79.7%-€1,853▼ 89.8%-€7,386▼ 299%
Total assets€123,490▲ 2.4%€122,026▼ 1.2%€125,699▲ 3.0%€124,474▼ 1.0%€121,136▼ 2.7%
Debt€129,929▲ 1.3%€126,830▼ 2.4%€126,675▼ 0.1%€126,327▼ 0.3%€128,522▲ 1.7%
Working capital-€5,962▲ 44.6%-€1,731▲ 71.0%€5,415€9,573▲ 76.8%€9,088▼ 5.1%
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 stays negative: a loss of €5,327 in 2025 against €789 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121,136
Fixed assets
€82,352 ▼ 4.6%
Current assets
€38,784 ▲ 1.7%
Key figures and ratios
EBITDA
-€1,325▼
2024 · €3,541
Cash flow
-€1,530▼
2024 · €3,454
Solvency
-6.1%▼
2024 · -1.5%
Current ratio
1.31▼
2024 · 1.34
Debt to equity
-17.40▲
2024 · -68.18
ROA
-4.6%▼
2024 · -0.7%
Interest coverage
-6.45▼
2024 · 39.99
Debt ≤ 1 year
€29,696▲
2024 · €28,546
Debt > 1 year
€96,216=
2024 · €96,216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,870 | €4,346 | €4,346 | €4,330 | €4,003 | ▼ 7.6% |
| Other operating charges640/8 | €7,002 | €7,067 | €6,836 | €7,514 | €10,433 | ▲ 38.8% |
| Gross operating margin9900 | €14,291 | €13,375 | €15,219 | €11,055 | €9,108 | ▼ 17.6% |
| Operating profit (loss)9901 | €1,419 | €1,962 | €4,037 | -€789 | -€5,327 | ▼ 575% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | €190 | €327 | €210 | €89 | €205 | ▲ 132% |
| Recurring financial charges65 | €190 | €327 | €210 | €89 | €205 | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €1,229 | €1,635 | €3,827 | -€877 | -€5,533 | ▼ 531% |
| Profit (loss) for the period9904 | €1,229 | €1,635 | €3,827 | -€877 | -€5,533 | ▼ 531% |
| Profit (loss) for the period to be appropriated9905 | €1,229 | €1,635 | €3,827 | -€877 | -€5,533 | ▼ 531% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €123,490 | €122,026 | €125,699 | €124,474 | €121,136 | ▼ 2.7% |
| Fixed assets21/28 | €99,377 | €95,031 | €90,685 | €86,355 | €82,352 | ▼ 4.6% |
| Tangible fixed assets22/27 | €99,377 | €95,031 | €90,685 | €86,355 | €82,352 | ▼ 4.6% |
| Land and buildings22 | €96,792 | €93,106 | €89,420 | €85,750 | €82,242 | ▼ 4.1% |
| Plant, machinery and equipment23 | €2,585 | €1,925 | €1,265 | €605 | €110 | ▼ 81.8% |
| Current assets29/58 | €24,114 | €26,995 | €35,014 | €38,119 | €38,784 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €24,114 | €26,995 | €35,014 | €38,119 | €38,784 | ▲ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €123,490 | €122,026 | €125,699 | €124,474 | €121,136 | ▼ 2.7% |
| Equity10/15 | -€6,439 | -€4,804 | -€976 | -€1,853 | -€7,386 | ▼ 299% |
| Contributions10/11 | €62,007 | €62,007 | €62,007 | €62,007 | €62,007 | = |
| Capital10 | €62,007 | €62,007 | €62,007 | €62,007 | €62,007 | = |
| Issued capital100 | €62,007 | €62,007 | €62,007 | €62,007 | €62,007 | = |
| Reserves13 | €4,054 | €4,054 | €4,054 | €4,054 | €4,054 | = |
| Non-distributable reserves130/1 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | €955 | €955 | €955 | €955 | €955 | = |
| Profit (loss) carried forward14 | -€72,499 | -€70,864 | -€67,037 | -€67,913 | -€73,446 | ▼ 8.1% |
| Amounts payable17/49 | €129,929 | €126,830 | €126,675 | €126,327 | €128,522 | ▲ 1.7% |
| Amounts payable after more than one year17 | €98,288 | €97,288 | €96,261 | €96,216 | €96,216 | = |
| Financial debts170/4 | €98,288 | €97,288 | €96,261 | €96,216 | €96,216 | = |
| Amounts payable within one year42/48 | €30,076 | €28,726 | €29,599 | €28,546 | €29,696 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | €6,135 | €7,135 | €7,135 | €7,135 | €7,135 | = |
| Trade debts44 | €2,530 | €181 | €1,053 | - | €1,150 | - |
| Suppliers440/4 | €2,530 | €181 | €1,053 | - | €1,150 | - |
| Other amounts payable47/48 | €21,411 | €21,411 | €21,411 | €21,411 | €21,411 | = |
| Accrued charges and deferred income492/3 | €1,565 | €815 | €815 | €1,565 | €2,610 | ▲ 66.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,229 | €1,635 | €3,827 | -€877 | -€5,533 | ▼ 531% |
| + Depreciation and write-downs630 | €5,870 | €4,346 | €4,346 | €4,330 | €4,003 | ▼ 7.6% |
| Operating cash flow (approximation) | €7,099 | €5,981 | €8,173 | €3,454 | -€1,530 | ▼ 144% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,882 | €8,019 | €3,105 | €665 | ▼ 78.6% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 53 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €3,827 ▲134%
Operating result €4,037, net result €3,827, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,267
Net result €3,267 after one loss-making year.
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Keerbergen · 1 establishment unit since 1994
Ground area
2,440 m²
Building footprint
283 m²
Volume, LiDAR
1,054 m³
2 parcels, Flanders · tallest building 12.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Grensstraat 52 B, 2580 Putte
since 19942.068.580.230
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048A0065/00P000 | Flanders | 1,895 m² | 1 · 204 m² | 5.9 m · 1 fl. |
| 12029C0872/00G000 | Flanders | 545 m² | 1 · 79 m² | 12.3 m |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded27-01-1988
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433275343
Also
9925:BE0433275343
Registered
04-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.