The Harbour
ActiveSummary
The annual accounts of The Harbour for fiscal year 2024 show a net loss of 120% of the equity at the start of that year. The 2024 annual accounts show equity of €749k and a net result of €-265k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 57% of 37956 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency90▲+45
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.42 against 0.62 in 2023; short-term debt: 28.2% and cash: 14.4% of total assets), and 35.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
64.9%
Return on assets
-22.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-02-2025, 174 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
174 d early
2023
191 d late
2022
27 d early
2021
11 d early
2020
17 d late
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€749k▲ 239%
2023 · €221k
2018: €292k
2019: €408k
2020: €472k
2021: €495k
2022: €463k
2023: €221k
2018 → 2024
Total assets
€1.15M▲ 2.7%
2023 · €1.12M
2018: €317k
2019: €550k
2020: €695k
2021: €933k
2022: €1.07M
2023: €1.12M
2018 → 2024
Net result
€-265k▼ 9.0%
2023 · €-243k
2018: €-1k
2019: €116k
2020: €64k
2021: €-173k
2022: €-31k
2023: €-243k
2018 → 2024
Working capital
€136k
2023 · €-229k
2018: €207k
2019: €155k
2020: €128k
2021: €41k
2022: €40k
2023: €-229k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€472k-€495k▲ 4.8%€463k▼ 6.4%€221k▼ 52.4%€749k▲ 239%
Operating result€66k-€-166k€-19k▲ 88.6%€-225k▼ 1,084%€-243k▼ 8.0%
Net result€64k-€-173k€-31k▲ 81.8%€-243k▼ 672%€-265k▼ 9.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €243k in 2024 against €225k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.15M
Fixed assets
€693k ▼ 8.4%
Current assets
€461k ▲ 25.6%
Equity and liabilities €1.15M
Equity
€749k ▲ 239%
Debt
€404k ▼ 55.2%
Debt's share of the balance-sheet total falls from 80.4% to 35.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-152k▼
2023 · €-89k
Cash flow
€-174k▼
2023 · €-107k
Current ratio
1.42▲
2023 · 0.62
Debt to equity
0.54▼
2023 · 4.09
ROE
-35.3%▲
2023 · -110.0%
ROA
-22.9%▼
2023 · -21.6%
Interest coverage
-7.72▼
2023 · -5.62
Debt ≤ 1 year
€325k▼
2023 · €595k
Debt > 1 year
€79k▼
2023 · €307k
Income taxes
€2k▲
2023 · €2k
Staff costs
€196k▼
2023 · €482k
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 · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.12M€1.15M▲
Fixed assets21/28€756k€693k▼
Intangible fixed assets21€470k€417k▼
Tangible fixed assets22/27€30k€19k▼
Plant, machinery and equipment23€13k€9k▼
Furniture and vehicles24€17k€10k▼
Financial fixed assets28€256k€256k=
Current assets29/58€367k€461k▲
Amounts receivable within one year40/41€295k€281k▼
Trade receivables40€284k€267k▼
Other amounts receivable41€11k€14k▲
Cash at bank and in hand54/58€54k€166k▲
Deferred charges and accrued income490/1€17k€14k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.15M▲
Equity10/15€221k€749k▲
Contributions10/11€489k€1.28M▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-271k€-535k▼
Amounts payable17/49€902k€404k▼
Amounts payable after more than one year17€307k€79k▼
Financial debts170/4€307k€79k▼
Amounts payable within one year42/48€595k€325k▼
Current portion of amounts payable after more than one year42€133k€88k▼
Financial debts43€125k€100k▼
Credit institutions430/8€125k€100k▼
Trade debts44€246k€79k▼
Suppliers440/4€246k€79k▼
Taxes, remuneration and social security45€84k€50k▼
Taxes450/3€40k€36k▼
Remuneration and social security454/9€44k€13k▼
Other amounts payable47/48€8k€8k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€482k€196k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€91k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13k
Other operating charges640/8€3k€837▼
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€397k€57k▼
Operating profit (loss)9901€-225k€-243k▼
Financial income75/76B€77€270▲
Recurring financial income75€77€270▲
Financial charges65/66B€16k€20k▲
Recurring financial charges65€16k€20k▲
Profit (loss) for the period before taxes9903€-241k€-263k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€-243k€-265k▼
Profit (loss) for the period to be appropriated9905€-243k€-265k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-271k€-535k▼
Profit (loss) brought forward from the previous period14P€-28k€-271k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 191 days late
2024
31-12
Financial
Weakest financial yearnet €-265k
Net result drops to €-265k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.42
Current ratio from 0.62 to 1.42; short-term debt falls from €595k to €325k.
31-12
Financial
Equity above €500kEq €749k ▲239%
Equity rises from €221k to €749k.
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Back to profitnet €116k
Net result €116k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
18 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, Gent · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Moutstraat 809000 GentGround area
2.0 ha
Building footprint
1,372 m²
Volume, LiDAR
38,274 m³
Parcel 44808H0324/00F000, Flanders · tallest building 32.4 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
The Harbour
since 20172.260.887.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0324/00F000 | Flanders | 2.0 ha | 1 · 1,372 m² | 32.4 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 17,784 EUR awarded · 17,602 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,742 EUR | 4,560 EUR |
| 2024 | 2 | 4,593 EUR | 6,619 EUR |
| 2023 | 2 | 3,163 EUR | 2,335 EUR |
| 2022 | 2 | 5,286 EUR | 4,088 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Werkbaarheidscheque (stopgezet)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 30,898 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.