Haxa Constructions
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 14-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 80% lower than in 2024.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 3 |
| full-time | - | 2 |
| part-time | 1 | 1 |
| in full-time equivalents | 0.1 | 1.1 |
| Average over the year, in full-time equivalents | 0.1 | 4.1 |
| On a permanent contract | 1 | 2 |
| Joined | 1 | 4 |
| Left | 0 | 3 |
| Training hours | - | 48 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | - | €9,833 |
| Depreciation and write-downs of the year | - | €2,327 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €29,761 | €232,888 | ▲ 683% |
| Non-recurring operating income76A | - | €1,300 | - |
| Goods, raw materials, services and sundry goods60/61 | €17,679 | €145,004 | ▲ 720% |
| Remuneration, social security and pensions62 | €894 | €84,505 | ▲ 95× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,327 | - |
| Other operating charges640/8 | €517 | €258 | ▼ 50.1% |
| Gross operating margin9900 | €12,082 | €89,184 | ▲ 638% |
| Operating profit (loss)9901 | €10,671 | €2,094 | ▼ 80.4% |
| Financial charges65/66B | €483 | €2,138 | ▲ 343% |
| Recurring financial charges65 | €483 | €2,138 | ▲ 343% |
| Profit (loss) for the period before taxes9903 | €10,189 | -€44 | - |
| Income taxes67/77 | - | €2,950 | - |
| Profit (loss) for the period9904 | €10,189 | -€2,994 | - |
| Profit (loss) for the period to be appropriated9905 | €10,189 | -€2,994 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €17,168 | €31,411 | ▲ 83.0% |
| Formation expenses20 | €1,082 | €722 | ▼ 33.3% |
| Fixed assets21/28 | - | €7,866 | - |
| Intangible fixed assets21 | - | €7,866 | - |
| Current assets29/58 | €16,085 | €22,823 | ▲ 41.9% |
| Amounts receivable within one year40/41 | €15,341 | €17,027 | ▲ 11.0% |
| Trade receivables40 | €14,265 | €14,958 | ▲ 4.9% |
| Other amounts receivable41 | €1,076 | €2,070 | ▲ 92.4% |
| Current investments50/53 | €744 | - | - |
| Cash at bank and in hand54/58 | - | €5,796 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €17,168 | €31,411 | ▲ 83.0% |
| Equity10/15 | €16,870 | €13,875 | ▼ 17.7% |
| Contributions10/11 | €6,681 | €6,681 | = |
| Profit (loss) carried forward14 | €10,189 | €7,194 | ▼ 29.4% |
| Amounts payable17/49 | €298 | €17,535 | ▲ 59× |
| Amounts payable within one year42/48 | €298 | €17,535 | ▲ 59× |
| Trade debts44 | - | €15,348 | - |
| Suppliers440/4 | - | €15,348 | - |
| Taxes, remuneration and social security45 | €298 | €2,188 | ▲ 634% |
| Remuneration and social security454/9 | €298 | €2,188 | ▲ 634% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,189 | -€2,994 | - |
| + Depreciation and write-downs630 | - | €2,327 | - |
| Operating cash flow (approximation) | €10,189 | -€667 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,145 companies had the same profile as Haxa Constructions has now. Two years later, 91.7% were still going and 2.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Haxa Constructions itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,145 companies, not a prediction for Haxa Constructions. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.