HALPAJO
ActiveHALPAJO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €892k and a net result of €48k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 516 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-73
Solvency64▼-16
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.45 against 1.12 in 2024), and 43.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
7 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.3%
Return on assets
3%
Age of the figures
8 mo
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
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
144 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
15 d early
2019
12 d early
← before the deadline
after the deadline →
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
04-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48k▼ 92.1%
2024 · €605k
2023: €50k
2024: €605k
2023 → 2025
Working capital
€-379k
2024 · €29k
2023: €-577k
2024: €29k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€694k-€1.30M▲ 87.2%€892k▼ 31.4%
Operating result€71k-€71k▼ 0.1%€69k▼ 2.6%
Net result€50k-€605k▲ 1,112%€48k▼ 92.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€1.27M=
Current assets
€313k▲ 17.8%
Equity and liabilities €1.58M
Equity
€892k▼ 31.4%
Debt
€692k▲ 192%
The debt ratio rises from 15.4% to 43.7%: debt grows while equity shrinks.
Key figures and ratios
Solvency
56.3%▼
2024 · 84.6%
Current ratio
0.45▼
2024 · 1.12
Quick ratio
0.45▼
2024 · 1.12
Debt / equity
0.78▲
2024 · 0.18
ROE
5.4%▼
2024 · 46.6%
ROA
3.0%▼
2024 · 39.4%
Debt
€692k▲
2024 · €237k
Debt ≤ 1 year
€692k▲
2024 · €237k
Income taxes
€20k▼
2024 · €76k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025
Balance sheet
Code2025
Total assets
20/58€1.58M
Fixed assets
21/28€1.27M
Financial fixed assets
28€1.27M
Current assets
29/58€313k
Amounts receivable within one year
40/41€313k
Cash & bank
54/58€0
Total equity & liabilities
10/49€1.58M
Equity
10/15€892k
Contributions / capital
10/11€19k
Reserves
13€873k
Accumulated profits (losses)
14€0
Amounts payable
17/49€692k
Amounts payable within one year
42/48€692k
Trade debts payable within one year
44€4k
Income statement
Code2025
Gross operating margin
9900€72k
Operating result
9901€69k
Financial income
75€0
Financial charges
65€998
Result before taxes
9903€68k
Income taxes
67/77€20k
Net result for the period
9904€48k
Result to be appropriated
9905€48k
This is the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €48k ▼92.1%
Net result drops to €48k, the lowest in the series.
22-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 144 days late
2024
31-12
Financial
Highest result since 2023net €605k ▲1112%
Net result €605k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.12
Current ratio from 0.27 to 1.12; short-term debt falls from €788k to €237k.
31-12
Financial
Equity above €1MEq €1.30M ▲87.2%
2 profitable years in a row build equity to €1.30M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
SCRIPTOR BIZ
BE 0471.344.873
Ukkel · Eq €892k
LOTIBEL EXPERTISES ET REALISATIONS
BE 0479.590.566
Bernissart · Eq €892k
Wineo
BE 0781.629.760
Gent · Eq €891k
RETHYE MANAGEMENT
BE 0471.431.678
Lasne · Eq €891k
Portolani
BE 0877.600.669
Antwerpen · Eq €891k
Of 82,341 companies in sector 70200 we hold annual accounts for 50,889. 28,793 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-09-2012
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 04-09-2026. Scores and ratios are computed by Checked and are not a credit decision.