HARLAZ
ActiveSummary
HARLAZ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27k and a net result of €4k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+6
Solvency59▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.25 in 2023; short-term debt: 65.5% and cash: 81.6% of total assets), and 65.5% 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 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
34.5%
Return on assets
5.5%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
12 d late
2022
17 d late
2021
4 d late
2020
17 d late
2019
97 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€27k▲ 15.0%
2023 · €24k
2018: €16k
2019: €30k
2020: €30k
2021: €68k
2022: €93k
2023: €24k
2018 → 2024
Total assets
€79k▼ 10.8%
2023 · €89k
2018: €21k
2019: €46k
2020: €46k
2021: €97k
2022: €109k
2023: €89k
2018 → 2024
Net result
€4k▲ 488%
2023 · €746
2018: €-3k
2019: €14k
2020: €14k
2021: €62k
2022: €25k
2023: €746
2018 → 2024
Working capital
€23k▲ 44.4%
2023 · €16k
2018: €14k
2019: €29k
2020: €29k
2021: €66k
2022: €92k
2023: €16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€68k▲ 128%€93k▲ 36.5%€24k▼ 74.4%€27k▲ 15.0%
Operating result€19k-€74k▲ 282%€33k▼ 55.5%€3k▼ 91.6%€7k▲ 152%
Net result€14k-€62k▲ 338%€25k▼ 60.1%€746▼ 97.0%€4k▲ 488%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 152% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79k
Fixed assets
€4k ▼ 47.6%
Current assets
€75k ▼ 7.4%
Equity and liabilities €79k
Equity
€27k ▲ 15.0%
Debt
€52k ▼ 20.3%
Debt's share of the balance-sheet total falls from 73.3% to 65.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▲
2023 · €6k
Cash flow
€8k▲
2023 · €4k
Current ratio
1.45▲
2023 · 1.25
Quick ratio
1.45▲
2023 · 1.25
Debt to equity
1.90▼
2023 · 2.74
ROE
16.0%▲
2023 · 3.1%
ROA
5.5%▲
2023 · 0.8%
Interest coverage
149.30▲
2023 · 50.38
Debt ≤ 1 year
€52k▼
2023 · €65k
Income taxes
€3k▲
2023 · €2k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€89k€79k▼
Fixed assets21/28€8k€4k▼
Tangible fixed assets22/27€8k€4k▼
Furniture and vehicles24€8k€4k▼
Current assets29/58€81k€75k▼
Stocks and contracts in progress3€66€66=
Stocks30/36€66€66=
Amounts receivable within one year40/41€10k€10k▲
Trade receivables40€9k€9k▲
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€72k€65k▼
Deferred charges and accrued income490/1€349€284▼
Equity and liabilities
Total equity and liabilities10/49€89k€79k▼
Equity10/15€24k€27k▲
Contributions10/11€19k€19k=
Reserves13€5k€9k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€5k€9k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€65k€52k▼
Amounts payable within one year42/48€65k€52k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€55k€42k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€7k€12k▲
Operating profit (loss)9901€3k€7k▲
Financial income75/76B€4€1▼
Recurring financial income75€4€1▼
Financial charges65/66B€113€71▼
Recurring financial charges65€113€71▼
Profit (loss) for the period before taxes9903€3k€7k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€746€4k▲
Profit (loss) for the period to be appropriated9905€746€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€746€4k▲
Transfer from equity791/2€70k€800▼
Transfer to equity691/2€746€4k▲
To other reserves6921€746€4k▲
Profit to be distributed694/7€70k€800▼
Return on contributions (dividend)694€70k€800▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 6.92
Current ratio from 3.34 to 6.92; short-term debt falls from €28k to €16k.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Highest result since 2018net €62k ▲338%
Operating result €74k, net result €62k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herk-de-Stad · 1 establishment unit since 2018
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.
Sint-Jorislaan 1973540 Herk-de-StadGround area
824 m²
Building footprint
106 m²
Volume, LiDAR
624 m³
Parcel 71051C0764/00H000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Jorislaan 197, 3540 Herk-de-Stad
since 20182.273.551.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71051C0764/00H000 | Flanders | 824 m² | 1 · 106 m² | 9.0 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.
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BE 0778.542.586
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 33,690 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
Founded21-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
31002Manufacture of furniture
31009Manufacture of furniture
43211General electrical installation work
47120Other non-specialised retail sale
47551Retail sale of household furniture
47559Retail sale of other household articles
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.