HAPPS DEVELOPMENT
ActiveSummary
HAPPS DEVELOPMENT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency43▲+26
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.13 in 2023; short-term debt: 56.1% and cash: 45% of total assets), but 81.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Sector 62
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
18.5%
Return on assets
26.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 20782 sector peers (2024).
NBB · sector comparisonPosition among 20782 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
117 d late
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k
2023 · €-4k
2018: €17k
2019: €-10k
2020: €-3k
2021: €-3k
2022: €-21k
2023: €-4k
2018 → 2024
Total assets
€64k▲ 19.3%
2023 · €53k
2018: €106k
2019: €49k
2020: €70k
2021: €80k
2022: €45k
2023: €53k
2018 → 2024
Net result
€17k▲ 2.5%
2023 · €16k
2018: €-59k
2019: €-27k
2020: €7k
2021: €51
2022: €-18k
2023: €16k
2018 → 2024
Working capital
€27k▲ 339%
2023 · €6k
2018: €-22k
2019: €-33k
2020: €235
2021: €4k
2022: €-6k
2023: €6k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-3k-€-3k▲ 1.6%€-21k▼ 555%€-4k▲ 79.3%€12k
Operating result€-18k-€1k€-17k€18k€17k▼ 4.3%
Net result€7k-€51▼ 99.3%€-18k€16k€17k▲ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 4% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€850 ▼ 6.0%
Current assets
€63k ▲ 19.7%
Equity and liabilities €64k
Equity
€12k
Debt
€52k
Debt finances 81.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€18k▼
2023 · €19k
Cash flow
€18k▼
2023 · €18k
Current ratio
1.76▲
2023 · 1.13
Debt to equity
4.41▲
2023 · -13.42
ROE
143.6%
ROA
26.5%▼
2023 · 30.9%
Interest coverage
41.43▲
2023 · 11.86
Debt ≤ 1 year
€36k▼
2023 · €46k
Debt > 1 year
€10k▼
2023 · €11k
Staff costs
€0▲
2023 · €-63
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€53k€64k▲
Fixed assets21/28€904€850▼
Tangible fixed assets22/27€654€0▼
Furniture and vehicles24€654€0▼
Financial fixed assets28€250€850▲
Current assets29/58€52k€63k▲
Amounts receivable within one year40/41€16k€30k▲
Trade receivables40€6k€21k▲
Other amounts receivable41€10k€8k▼
Current investments50/53-€3k
Cash at bank and in hand54/58€36k€29k▼
Deferred charges and accrued income490/1€566€2k▲
Equity and liabilities
Total equity and liabilities10/49€53k€64k▲
Equity10/15€-4k€12k▲
Contributions10/11€197k€197k=
Outside capital11€197k-
Share premium1100/10€197k-
Profit (loss) carried forward14€-202k€-186k▲
Amounts payable17/49€58k€52k▼
Amounts payable after more than one year17€11k€10k▼
Financial debts170/4€11k€10k▼
Amounts payable within one year42/48€46k€36k▼
Current portion of amounts payable after more than one year42€6k€945▼
Financial debts43€703€1k▲
Credit institutions430/8€703€1k▲
Trade debts44€15k€8k▼
Suppliers440/4€15k€8k▼
Taxes, remuneration and social security45€232€7k▲
Taxes450/3€232€7k▲
Other amounts payable47/48€24k€18k▼
Accrued charges and deferred income492/3€100€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€-63€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€654▼
Other operating charges640/8€384€427▲
Gross operating margin9900€20k€18k▼
Operating profit (loss)9901€18k€17k▼
Financial charges65/66B€2k€434▼
Recurring financial charges65€2k€434▼
Profit (loss) for the period before taxes9903€16k€17k▲
Profit (loss) for the period9904€16k€17k▲
Profit (loss) for the period to be appropriated9905€16k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-202k€-185k▲
Profit (loss) brought forward from the previous period14P€-218k€-202k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
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
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €17k ▲2.5%
Net result €17k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
31-12
Financial
Liquidity times 7current ratio 1.01
Current ratio from 0.14 to 1.01.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Sint-Pieters-Leeuw · 1 establishment unit since 2015
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.
Hoogstraat 101600 Sint-Pieters-LeeuwGround area
595 m²
Building footprint
99 m²
Volume, LiDAR
670 m³
Parcel 23583K0172/00F000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Happs Development
since 20152.248.099.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23583K0172/00F000 | Flanders | 595 m² | 1 · 99 m² | 8.8 m · 2 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.
Similar companies · same sector, comparable size
Xinfor
BE 0464.063.044
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Estee
BE 1003.781.437
Aalst · Eq €11,752
INNOVATIVE METHODOLOGIES & MANAGEMENT CONSULTING
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Engis · Eq €11,747
DIGI-LAB
BE 0786.898.543
Ellezelles · Eq €11,746
4HaFeJe
BE 0744.727.693
Geetbets · Eq €11,781
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 10,351 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
Founded13-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
63920Other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32470350460