HARO
ActiveSummary
HARO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.10M and a net result of €-115k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 26% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▲+5
Solvency38▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 2.04 in 2024; short-term debt: 52.4% and cash: 0.2% of total assets), but 87.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
12.7%
Return on assets
-0.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-115k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 10 filingsDeviation from the deadline
2025
20 d late
2024
12 d late
2023
28 d late
2022
30 d late
2021
59 d late
2020
177 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-115k▲ 43.1%
2024 · €-202k
2018: €350k
2019: €-84k
2020: €-76k
2021: €400k
2022: €-66k
2023: €-83k
2024: €-202k
2018 → 2025
Working capital
€5.52M▼ 34.4%
2024 · €8.41M
2018: €-173k
2019: €-235k
2020: €-283k
2021: €145k
2022: €5.92M
2023: €7.61M
2024: €8.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.57M-€2.50M▼ 2.6%€2.42M▼ 3.3%€2.22M▼ 8.3%€2.10M▼ 5.2%
Operating result€500k-€27k▼ 94.6%€10k▼ 64.8%€-75k€45k
Net result€400k-€-66k€-83k▼ 25.1%€-202k▼ 144%€-115k▲ 43.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €45k after a loss of €75k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.50M
Fixed assets
€2.33M ▼ 1.0%
Current assets
€14.16M ▼ 14.3%
Equity and liabilities €16.50M
Equity
€2.10M ▼ 5.2%
Debt
€14.39M ▼ 13.6%
Debt's share of the balance-sheet total falls from 88.3% to 87.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€76k▲
2024 · €-45k
Cash flow
€-84k▲
2024 · €-171k
Current ratio
1.64▼
2024 · 2.04
Quick ratio
0.10▲
2024 · 0.05
Debt to equity
6.85▼
2024 · 7.52
ROE
-5.5%▲
2024 · -9.1%
ROA
-0.7%▲
2024 · -1.1%
Interest coverage
0.46▲
2024 · -0.34
Debt ≤ 1 year
€8.64M▲
2024 · €8.11M
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18.88M€16.50M▼
Fixed assets21/28€2.35M€2.33M▼
Tangible fixed assets22/27€836k€812k▼
Land and buildings22€836k€812k▼
Financial fixed assets28€1.52M€1.52M=
Current assets29/58€16.53M€14.16M▼
Stocks and contracts in progress3€16.09M€13.28M▼
Stocks30/36€16.09M€13.28M▼
Amounts receivable within one year40/41€405k€856k▲
Trade receivables40€93k€426k▲
Other amounts receivable41€312k€430k▲
Cash at bank and in hand54/58€30k€26k▼
Deferred charges and accrued income490/1€4k€806▼
Equity and liabilities
Total equity and liabilities10/49€18.88M€16.50M▼
Equity10/15€2.22M€2.10M▼
Contributions10/11€3.96M€3.96M=
Capital10€3.95M€3.95M=
Issued capital100€3.95M€3.95M=
Outside capital11€9k€9k=
Share premium1100/10€9k€9k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€286€286=
Profit (loss) carried forward14€-1.75M€-1.86M▼
Amounts payable17/49€16.67M€14.39M▼
Amounts payable within one year42/48€8.11M€8.64M▲
Trade debts44€301k€373k▲
Suppliers440/4€301k€373k▲
Other amounts payable47/48€7.81M€8.27M▲
Accrued charges and deferred income492/3€8.55M€5.75M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▲
Other operating charges640/8€91k€29k▼
Gross operating margin9900€47k€105k▲
Operating profit (loss)9901€-75k€45k▲
Financial income75/76B€6k€4k▼
Recurring financial income75€6k€4k▼
Financial charges65/66B€132k€164k▲
Recurring financial charges65€132k€164k▲
Profit (loss) for the period before taxes9903€-202k€-115k▲
Profit (loss) for the period9904€-202k€-115k▲
Profit (loss) for the period to be appropriated9905€-202k€-115k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.75M€-1.86M▼
Profit (loss) brought forward from the previous period14P€-1.55M€-1.75M▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 12 days late
2024
31-12
Financial
Weakest financial yearnet €-202k
Net result drops to €-202k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.24
Current ratio from 1.02 to 2.24; short-term debt falls from €7.82M to €4.76M.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 177 days late
2021
31-12
Financial
Back to profitnet €400k
Net result €400k after 2 loss-making years.
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 48 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 71 days late
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, Antwerpen · 1 establishment unit since 1998
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-Katelijnevest 612000 AntwerpenGround area
1,637 m²
Building footprint
1,232 m²
Volume, LiDAR
23,548 m³
2 parcels, Flanders · tallest building 23.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Schildersstraat 2, 2000 Antwerpen
since 19982.088.135.925
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1584/00D000 | Flanders | 1,481 m² | 1 · 1,077 m² | 23.3 m · 7 fl. |
| 11811L3615/00L000 | Flanders | 155 m² | 1 · 155 m² | 18.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
EGTA
BE 0472.545.594
Anderlecht · Eq €2,099,545
IEPENBURG
BE 0861.803.725
Schilde · Eq €2,099,013
BARCEC
BE 0437.536.514
Ottignies-Louvain-la-Neuve · Eq €2,098,281
COVITIN
BE 0811.315.720
Liège · Eq €2,097,397
PICEU PROJECTS
BE 0555.903.238
Oostkamp · Eq €2,096,608
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 2,931 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 formPublic limited company
Founded12-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.