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VAN HASSELS

Active
Private limited companyfounded 200818 yrs activeDrieschouwen(STE) 32, 9190 Stekene, BelgiumKBO/BCE: BE 0898.859.507
Summary

VAN HASSELS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86,470 and a net result of -€7,600. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability38▼-5
Solvency59▼-1
Growth35=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.51 in 2023; short-term debt: 28.4% and cash: 2.2% of total assets), and 66% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
34%
Return on assets
-3%
Age of the figures
21 mo
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 18 years 0 20 y
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 d early
2024
30 d early
2023
12 d early
2022
4 d early
2021
31 d late
2020
31 d late
2019
122 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed 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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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

VAN HASSELS was incorporated on 27 June 2008.1 Revenue fell from EUR 157,226 in 2018 to EUR 85,372 in 2021 and headcount from 0.6 full-time equivalents in 2018 to 1.3 in 2020.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2021

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Financials · fiscal year 2024, micro schema

Turnover
€85,372▼ 48.7%
2019 · €166,447
EBIT margin
-4.3%▼ 22.3pp
2019 · 18.0%
Net result
-€7,600▼ 145%
2023 · -€3,100
Working capital
-€35,968▼ 17.2%
2023 · -€30,677
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€85,372
Operating result€16,060▼ 46.3%-€3,684€15,584€4,964▼ 68.1%€2,136▼ 57.0%
Net result€5,982within the sector's middle half▼ 61.4%-€12,647below the sector's middle half€9,837within the sector's middle half-€3,100within the sector's middle half-€7,600below the sector's middle half▼ 145%
EBIT margin-4.3%
Equity€104,101within the sector's middle half▲ 6.1%€91,454within the sector's middle half▼ 12.1%€98,348above the sector's middle half▲ 7.5%€94,659above the sector's middle half▼ 3.8%€86,470above the sector's middle half▼ 8.7%
Total assets€321,334within the sector's middle half▲ 2.6%€305,202within the sector's middle half▼ 5.0%€329,972above the sector's middle half▲ 8.1%€268,111above the sector's middle half▼ 18.7%€254,108above the sector's middle half▼ 5.2%
Debt€217,233▲ 1.1%€213,748▼ 1.6%€231,625▲ 8.4%€173,452▼ 25.1%€167,639▼ 3.4%
Working capital-€18,783within the sector's middle half▲ 49.3%-€25,857within the sector's middle half▼ 37.7%-€29,917below the sector's middle half▼ 15.7%-€30,677below the sector's middle half▼ 2.5%-€35,968below the sector's middle half▼ 17.2%
Solvency32.4%within the sector's middle half▲ 1.1pp30.0%within the sector's middle half▼ 2.4pp29.8%within the sector's middle half▼ 0.2pp35.3%within the sector's middle half▲ 5.5pp34.0%within the sector's middle half▼ 1.3pp
Current ratio0.72within the sector's middle half▲ 0.350.66below the sector's middle half▼ 0.060.72within the sector's middle half▲ 0.060.51within the sector's middle half▼ 0.210.50within the sector's middle half▼ 0.01
Return on assets (ROA)1.9%within the sector's middle half▼ 3.1pp-4.1%below the sector's middle half▼ 6.0pp3.0%within the sector's middle half▲ 7.1pp-1.2%within the sector's middle half▼ 4.1pp-3.0%within the sector's middle half▼ 1.8pp
Staff (FTE)1.3below the sector's middle half▲ 62.5%
above within below the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2020: €16,060€16,060Net result 2020: €5,982€5,982Operating result 2021: -€3,684-€3,684Net result 2021: -€12,647-€12,647Operating result 2022: €15,584€15,584Net result 2022: €9,837€9,837Operating result 2023: €4,964€4,964Net result 2023: -€3,100-€3,100Operating result 2024: €2,136€2,136Net result 2024: -€7,600-€7,60020202021202220232024-€10,000€0€10,000€20,000Operating result 2022: €15,584€15,600Net result 2022: €9,837€9,840Operating result 2023: €4,964€4,960Net result 2023: -€3,100-€3,100Operating result 2024: €2,136€2,140Net result 2024: -€7,600-€7,600202220232024
The operating result has fallen two years in a row; 2024 is 57% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €254,108
Fixed assets €218,007 ▼ 7.5%
Current assets €36,101 ▲ 11.2%
Equity and liabilities €254,108
Equity €86,470 ▼ 8.7%
Debt €167,639 ▼ 3.4%
Debt's share of the balance-sheet total rises from 64.7% to 66.0%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€21,415▼
2023 · €27,746
Cash flow
€11,679▼
2023 · €19,682
Quick ratio
0.41▼
2023 · 0.41
Debt to equity
1.94▲
2023 · 1.83
ROE
-8.8%▼
2023 · -3.3%
Interest coverage
2.81▼
2023 · 3.04
Debt ≤ 1 year
€72,069▲
2023 · €63,131
Debt > 1 year
€92,249▼
2023 · €107,000
Income taxes
€261▲
2023 · -€400
Staff costs
€0▼
2023 · €234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a small loss
1.1% went bankrupt
7.8% stopped otherwise
91% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 6,910 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet Code20232024
Assets
Total assets20/58€268,111€254,108▼
Fixed assets21/28€235,657€218,007▼
Tangible fixed assets22/27€235,657€218,007▼
Land and buildings22€225,801€211,543▼
Plant, machinery and equipment23€3,926€3,255▼
Furniture and vehicles24€5,930€3,210▼
Current assets29/58€32,454€36,101▲
Stocks and contracts in progress3€6,554€6,774▲
Stocks30/36€6,554€6,774▲
Amounts receivable within one year40/41€25,158€21,059▼
Trade receivables40€24,196€20,424▼
Other amounts receivable41€962€635▼
Cash at bank and in hand54/58€0€5,499▲
Deferred charges and accrued income490/1€743€2,769▲
Equity and liabilities
Total equity and liabilities10/49€268,111€254,108▼
Equity10/15€94,659€86,470▼
Contributions10/11€18,600€18,600=
Reserves13€70,328€70,328=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€70,328€70,328=
Profit (loss) carried forward14-€3,100-€10,701▼
Investment grants15€8,831€8,242▼
Amounts payable17/49€173,452€167,639▼
Amounts payable after more than one year17€107,000€92,249▼
Financial debts170/4€107,000€92,249▼
Amounts payable within one year42/48€63,131€72,069▲
Current portion of amounts payable after more than one year42€14,097€14,751▲
Financial debts43€11,067€12,063▲
Credit institutions430/8€11,067€12,063▲
Trade debts44€1,647€6,250▲
Suppliers440/4€1,647€6,250▲
Taxes, remuneration and social security45€8,019€4,977▼
Taxes450/3€8,019€4,977▼
Other amounts payable47/48€28,301€34,027▲
Accrued charges and deferred income492/3€3,321€3,321=
Income statement Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€234€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,782€19,279▼
Other operating charges640/8€3,033€1,320▼
Gross operating margin9900€31,013€22,735▼
Operating profit (loss)9901€4,964€2,136▼
Financial income75/76B€674€612▼
Recurring financial income75€674€612▼
Financial charges65/66B€9,138€10,087▲
Recurring financial charges65€9,138€7,632▼
Non-recurring financial charges66B-€2,456
Profit (loss) for the period before taxes9903-€3,500-€7,340▼
Income taxes67/77-€400€261▲
Profit (loss) for the period9904-€3,100-€7,600▼
Profit (loss) for the period to be appropriated9905-€3,100-€7,600▼
Appropriation of the result
Profit (loss) to be appropriated9906-€3,100-€10,701▼
Profit (loss) brought forward from the previous period14P€0-€3,100▼
Transfer to equity691/2€0-
To other reserves6921€0-

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70-€85,372----
Non-recurring operating income76A-€7,196€6,529€0--
Goods, raw materials, services and sundry goods60/61-€76,974----
Remuneration, social security and pensions62-€210€513€234€0▼ 100%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,093€19,727€21,176€22,782€19,279▼ 15.4%
Other operating charges640/8-€2,149€1,530€3,033€1,320▼ 56.5%
Gross operating margin9900€61,194€18,402€38,803€31,013€22,735▼ 26.7%
Operating profit (loss)9901€16,060-€3,684€15,584€4,964€2,136▼ 57.0%
Financial income75/76B-€0€3,071€674€612▼ 9.2%
Recurring financial income75€130€0€3,071€674€612▼ 9.2%
Financial charges65/66B-€8,736€7,354€9,138€10,087▲ 10.4%
Recurring financial charges65€6,106€8,736€7,354€9,138€7,632▼ 16.5%
Non-recurring financial charges66B----€2,456-
Profit (loss) for the period before taxes9903€10,084-€12,420€11,301-€3,500-€7,340▼ 110%
Income taxes67/77€4,102€228€1,464-€400€261▲ 165%
Profit (loss) for the period9904€5,982-€12,647€9,837-€3,100-€7,600▼ 145%
Profit (loss) for the period to be appropriated9905€5,982-€12,647€9,837-€3,100-€7,600▼ 145%
Line20202021202220232024Change
Assets
Total assets20/58€321,334€305,202€329,972€268,111€254,108▼ 5.2%
Fixed assets21/28€273,606€255,036€252,626€235,657€218,007▼ 7.5%
Tangible fixed assets22/27€273,606€255,036€252,626€235,657€218,007▼ 7.5%
Land and buildings22-€248,308€240,353€225,801€211,543▼ 6.3%
Plant, machinery and equipment23-€3,188€3,131€3,926€3,255▼ 17.1%
Furniture and vehicles24-€3,540€9,142€5,930€3,210▼ 45.9%
Current assets29/58€47,728€50,166€77,347€32,454€36,101▲ 11.2%
Stocks and contracts in progress3€4,109€4,109€4,109€6,554€6,774▲ 3.4%
Stocks30/36-€4,109€4,109€6,554€6,774▲ 3.4%
Amounts receivable within one year40/41€2,693€16,833€55,866€25,158€21,059▼ 16.3%
Trade receivables40-€16,833€51,307€24,196€20,424▼ 15.6%
Other amounts receivable41--€4,559€962€635▼ 34.0%
Current investments50/53--€0---
Cash at bank and in hand54/58€40,926€29,224€16,868€0€5,499-
Deferred charges and accrued income490/1--€504€743€2,769▲ 273%
Equity and liabilities
Total equity and liabilities10/49€321,334€305,202€329,972€268,111€254,108▼ 5.2%
Equity10/15€104,101€91,454€98,348€94,659€86,470▼ 8.7%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€58,405€58,405€70,328€70,328€70,328=
Non-distributable reserves130/1-€1,860€1,860€0--
Reserves not available under the articles1311-€1,860€1,860€0--
Distributable reserves133-€56,545€68,468€70,328€70,328=
Profit (loss) carried forward14€14,733€2,086€0-€3,100-€10,701▼ 245%
Investment grants15-€12,363€9,420€8,831€8,242▼ 6.7%
Amounts payable17/49€217,233€213,748€231,625€173,452€167,639▼ 3.4%
Amounts payable after more than one year17€147,435€134,404€121,040€107,000€92,249▼ 13.8%
Financial debts170/4-€134,404€121,040€107,000€92,249▼ 13.8%
Amounts payable within one year42/48€66,511€76,023€107,263€63,131€72,069▲ 14.2%
Current portion of amounts payable after more than one year42-€12,667€13,365€14,097€14,751▲ 4.6%
Financial debts43-€1€37€11,067€12,063▲ 9.0%
Credit institutions430/8-€1€37€11,067€12,063▲ 9.0%
Trade debts44€6,128€6,473€24,553€1,647€6,250▲ 279%
Suppliers440/4-€6,473€24,553€1,647€6,250▲ 279%
Taxes, remuneration and social security45-€628€15,626€8,019€4,977▼ 37.9%
Taxes450/3-€628€15,626€8,019€4,977▼ 37.9%
Other amounts payable47/48-€56,255€53,682€28,301€34,027▲ 20.2%
Accrued charges and deferred income492/3-€3,321€3,321€3,321€3,321=
Line20202021202220232024Change
Profit (loss) for the period9904€5,982-€12,647€9,837-€3,100-€7,600▼ 145%
+ Depreciation and write-downs630€20,093€19,727€21,176€22,782€19,279▼ 15.4%
Operating cash flow (approximation)€26,075€7,080€31,013€19,682€11,679▼ 40.7%
Investment in fixed assets (approximation)--€1,157-€18,765-€5,814-€1,630▲ 72.0%
Change in cash--€11,702-€12,356-€16,868€5,499▲ 133%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €9,837
Net result €9,837 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial Weakest financial yearnet -€12,647
Net result drops to -€12,647, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial Equity above €100,000Eq €104,101 ▲6.1%
3 profitable years in a row build equity to €104,101.
30-11
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial Highest result since 2018net €15,479 ▲24.7%
Operating result €29,918, net result €15,479, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
14-05
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
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 2 acts read
About the unread acts

We know of 2 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
2 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, Stekene · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
1,392 m²
Building footprint
180 m²
Volume, LiDAR
711 m³
Parcel 46024A1451/00D000, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Drieschouwen(STE) 32, 9190 Stekene
Hairdressing
since 20082.172.073.290
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46024A1451/00D000 Flanders 1,392 m² 1 · 180 m² 5.3 m · 1 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.

Similar companies · same sector, comparable size

Of 21,732 companies in sector 96210 we hold annual accounts for 2,835. 1,849 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
Founded27-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID 0208:0898859507
Also 9925:BE0898859507
Registered 19-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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