HALFF · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HALFF is 1.1% (low). The 2024 annual accounts show negative equity (€-101k) and a net result of €-147k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 819 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.1% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2026, 316 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	12-06-2026	316 d late	2026-00169754
31-12-2023	31-07-2024	03-06-2025	307 d late	2025-00139001
31-12-2022	31-07-2023	06-05-2023	86 d early	2023-00081857
31-12-2021	31-07-2022	17-03-2022	136 d early	2022-07900029
31-12-2020	31-07-2021	31-05-2021	61 d early	2021-16100027

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-147k

Working capital€-132k-698.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 12-06-2026 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Gross margin: declining trend of ~3.7%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 63 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-121.4%	61.4%	better than 5% of 819 sector peers
Net result	€-147k	€21k	better than 5% of 818 sector peers
Equity	€-101k	€48k	better than 5% of 819 sector peers
Gross operating margin	€8k	€39k	better than 25% of 818 sector peers
Staff costs	€96k	€14k	higher than 82% of 112 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P5

Weakening position over 2020-2024 · n=91-819

Net result P5

Weakening position over 2020-2024 · n=91-818

Equity P5

Weakening position over 2020-2024 · n=91-819

Gross operating margin P25

Stable position over 2020-2024 · n=90-818

Describes the position versus peers, not a forecast.

EBITDA

€-131k

- 20-24

Net profit

€-147k

- 20-24

Cash flow

€-137k

- 20-24

Total assets

€84k

-30.9% 20-24

Equity

€-101k

- 20-24

Working capital

€-132k

-698.4% 20-24

Employees (FTE)

4

+123.5% 20-24

Staff costs

€96k

+126.7% 20-24

Show 11 other metrics

Income taxes

€140

- 20-24

Debt

€185k

+144.9% 20-24

Debt ≤ 1y

€169k

+161.0% 20-24

Debt > 1y

€15k

+46.3% 20-24

Current ratio

0.22

-70.4% 20-24

Quick ratio

0.22

-70.4% 20-24

Solvency

-121.4%

- 20-24

Debt / equity

-1.82

- 20-24

ROE

144.8%

+413.4% 20-24

ROA

-175.8%

- 20-24

Interest coverage

-20.06

- 20-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-131k
Net profit	€-147k
Cash flow	€-137k
Staff costs	€96k
Income taxes	€140
Dividends	-
Total assets	€84k
Equity	€-101k
Debt	€185k
of which ≤ 1y	€169k
of which > 1y	€15k
Working capital	€-132k
Employees (FTE)	3.8

Ratios (computed)

	2024
Current ratio	0.22
Quick ratio	0.22
Working capital ratio	-158.2%
Solvency	-121.4%
Debt / equity	-1.82
Long-term debt ratio	-0.15
Interest coverage	-20.06
Gross margin	-
Net margin	-
ROA	-175.8%
ROE	144.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €46k · 55.3% Current assets €37k · 44.7%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€84k
Fixed assets	21/28	€46k
Intangible fixed assets	21	€27k
Tangible fixed assets	22/27	€16k
Financial fixed assets	28	€4k
Current assets	29/58	€37k
Amounts receivable within one year	40/41	€34k
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€84k
Equity	10/15	€-101k
Contributions / capital	10/11	€63k
Accumulated profits (losses)	14	€-164k
Amounts payable	17/49	€185k
Amounts payable after one year	17	€15k
Amounts payable within one year	42/48	€169k
Trade debts payable within one year	44	€60k
Income statement
Gross operating margin	9900	€8k
Operating result	9901	€-140k
Financial income	75	€13
Financial charges	65	€7k
Result before taxes	9903	€-147k
Income taxes	67/77	€140
Net result for the period	9904	€-147k
Result to be appropriated	9905	€-147k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

7 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Doelhaagstraat 492840 Rumst

Establishment units

1 location

HALFF

Doelhaagstraat 49, 2840 RumstReparatie en onderhoud van elektronische en optische apparatuur

since 20192.290.006.187

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area343 m²

Buildings1

Building footprint165 m²

Volume (LiDAR)847 m³

Tallest building8.8 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11037B0452/00P003	Flanders	343 m²	1 · 165 m²	8.8 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

54 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 7

Profitability 100

Solvency 33

Growth 32

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 255 of the 2,727 companies in this sector. 199 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

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Primary activity highlighted.

Names & trade names

Legal nameNL

HALFF

Registered office

Doelhaagstraat 49

2840 Rumst, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.