Full dossier in preparation
Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Process with priority
Sign in free to move this company to the front.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Hamaco is 0.5% (very low). The 2025 annual accounts show equity of €585k and a net result of €480k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 61 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Signals
3 signals · with evidenceWeak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 61 sector peers (2025).
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, 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 administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Very low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€16.92M+5.5%
EBIT margin3.8%-0.3pp
Net result€480k-0.9%
Working capital€916k+87.7%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 27-05-2026 with the NBB · fiscal year 2025 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~58% of the level (threshold 35%). We therefore deliberately show no projection line.
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 2025 · NACE 82 · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.1% | 41.5% | |
| Net result | €480k | €28k | |
| Equity | €585k | €361k | |
| Total assets | €6.45M | €922k |
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).
P20
Stable position over 2021-2025
· n=61-197
P89
Improving position over 2021-2025
· n=62-197
P57
Improving position over 2021-2025
· n=61-197
P78
Stable position over 2021-2025
· n=62-198
Describes the position versus peers, not a forecast.
€16.92M
+5.5%
far above sector median
€732k
-1.9%
far above sector median
€480k
-0.9%
far above sector median
€565k
-0.8%
far above sector median
€6.45M
+29.7%
far above sector median
€585k
+5.5%
far above sector median
€916k
+87.7%
far above sector median
€167k
+3.5%
far above sector median
€450k
-
21-25
€5.87M
+32.7%
far above sector median
€5.27M
+27.4%
far above sector median
1.17
+5.0%
-12% vs sector
1.17
+5.0%
-1% vs sector
9.1%
-18.7%
-79% vs sector
10.03
+25.8%
far above sector median
82.1%
-6.0%
far above sector median
7.4%
-23.6%
far above sector median
2.8%
-6.1%
far above sector median
4.3%
-7.1%
21-25
4113.64
+8620.6%
far above sector median
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | €16.92M |
| EBITDA | €732k |
| Net profit | €480k |
| Cash flow | €565k |
| Staff costs | - |
| Income taxes | €167k |
| Dividends | €450k |
| Total assets | €6.45M |
| Equity | €585k |
| Debt | €5.87M |
| of which ≤ 1y | €5.27M |
| of which > 1y | - |
| Working capital | €916k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.17 |
| Quick ratio | 1.17 |
| Working capital ratio | 14.2% |
| Solvency | 9.1% |
| Debt / equity | 10.03 |
| Long-term debt ratio | - |
| Interest coverage | 4113.64 |
| Gross margin | 4.9% |
| Net margin | 2.8% |
| ROA | 7.4% |
| ROE | 82.1% |
| EBITDA margin | 4.3% |
| Days sales outstanding | 93d |
| Days payable outstanding | 118d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.45M |
| Fixed assets | 21/28 | €183k |
| Formation expenses | 20 | €84k |
| Intangible fixed assets | 21 | €157k |
| Tangible fixed assets | 22/27 | €26k |
| Current assets | 29/58 | €6.19M |
| Amounts receivable within one year | 40/41 | €4.31M |
| Cash & bank | 54/58 | €1.87M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.45M |
| Equity | 10/15 | €585k |
| Contributions / capital | 10/11 | €62k |
| Reserves | 13 | €6k |
| Accumulated profits (losses) | 14 | €517k |
| Amounts payable | 17/49 | €5.87M |
| Amounts payable within one year | 42/48 | €5.27M |
| Trade debts payable within one year | 44 | €5.19M |
| Income statement | ||
| Turnover | 70 | €16.92M |
| Operating result | 9901 | €648k |
| Financial charges | 65 | €178 |
| Result before taxes | 9903 | €648k |
| Income taxes | 67/77 | €167k |
| Net result for the period | 9904 | €480k |
| Result to be appropriated | 9905 | €480k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed70
/ 100
Healthy
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
10 directorsCurrent directors & mandates
-
Current03-03-2026 → present
-
Current27-05-2025 → present
-
Current31-10-2023 → present
-
Current17-06-2022 → present
Former directors (6)
-
Former27-05-2025 → 03-03-2026
3 events
- 03-03-2026 Resigned· Director
- 22-07-2025 Appointed· Director
- 27-05-2025 Appointed· Director
-
Former- → 22-07-2025
2 events
- 22-07-2025 Resigned· Director
- 27-05-2025 Resigned· Director
-
Former17-06-2022 → 27-05-2025
2 events
- 27-05-2025 Resigned· Director
- 17-06-2022 Appointed· Director
-
Former- → 29-01-2023
-
Former- → 30-06-2022
-
Former- → 17-06-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Mazars BedrijfsrevisorenCurrent Statutory auditor · represented by Jurgen Ostyn |
- | 31-10-2023 → present |
| Deloitte Bedrijfsrevisoren Statutory auditor · represented by Laurent Boxus succeeded by Mazars Bedrijfsrevisoren in 2023 |
- | 17-06-2022 → 31-10-2023 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Overige zakelijke dienstverlening, neg(82990) |
| Legal form | Public limited company(014) |
| Incorporation | 27-08-2020 |
| Status | Active |
| Postal code | 9032 |
Structure & network
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationHamaco
since 20202.337.965.462
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3.7 ha
Buildings1
Building footprint1,125 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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. |
|---|---|---|---|---|
| 44038A0062/00B000 | Flanders | 3.7 ha | 1 · 1,125 m² | - |
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
Belgisch Staatsblad · acts
8 acts All acts · 8
updated 5 months ago
2026
11-03-2026 1 director appointed, 1 resigning
23-01-2026 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
Statutes changeNotary:
Samuel WYNANT · Gent
2025
18-09-2025 2 directors appointed, 2 resigning
- Maarten Van Hoeck, Bestuurder
- Nicolas Rogez, Bestuurder
- Johan Van Wassenhove, Bestuurder
- Natalie Dewulf, Bestuurder
Summary:
v3.2
22-07-2025 1 director appointed, 1 resigning
2024
21-11-2024 Change in the board of directors
Summary:
v3.2
2023
31-10-2023 2 directors appointed, 2 resigning
- Geert Dhont, Bestuurder
- Jurgen Ostyn, Commissaris
- Bruno Geltmeyer, Bestuurder
- Deloitte Bedrijfsrevisoren, Commissaris
Summary:
v3.2
2022
10-10-2022 3 directors appointed, 2 resigning
- Hans Verlinde, Bestuurder
- Natalie Dewulf, Bestuurder
- Laurent Boxus, Commissaris
- Marc Van Isterdael, Bestuurder
- Stanislas de Pierpont, Bestuurder
Summary:
v3.2
2020
31-08-2020 Incorporation of a new NV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes65
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
54
Solvency
21
Growth
85
Stability
94
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | Hamaco |
Registered office
Industrieweg 124
9032 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.