Summary
HARS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €78k and a net result of €6k. Equity is growing by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 9863 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
33 d early
2022
33 d early
2021
23 d early
2020
19 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€78k▲ 7.3%
2023 · €73k
2018: €17klowest in 7 years
2019: €29k▲ +68.9% vs 2018
2020: €43k▲ +49.4% vs 2019
2021: €57k▲ +31.5% vs 2020
2022: €92k▲ +62.9% vs 2021highest in 7 years
2023: €73k▼ -21.2% vs 2022
2024: €78k▲ +7.3% vs 2023
2018 → 2024
Net result
€6k▼ 77.9%
2023 · €29k
2018: €5klowest in 7 years
2019: €12k▲ +159% vs 2018
2020: €14k▲ +21.0% vs 2019
2021: €14k▼ -4.5% vs 2020
2022: €36k▲ +162% vs 2021highest in 7 years
2023: €29k▼ -17.5% vs 2022
2024: €6k▼ -77.9% vs 2023
2018 → 2024
Total assets
€241k▲ 116%
2023 · €111k
2018: €230k
2019: €220k▼ -4.6% vs 2018
2020: €231k▲ +5.0% vs 2019
2021: €228k▼ -1.1% vs 2020
2022: €101k▼ -55.6% vs 2021lowest in 7 years
2023: €111k▲ +9.9% vs 2022
2024: €241k▲ +116% vs 2023highest in 7 years
2018 → 2024
Solvency
32.3%▼ 32.8pp
2023 · 65.2%
2018: 7.4%lowest in 7 years
2019: 13.1%▲ +77.1% vs 2018
2020: 18.6%▲ +42.2% vs 2019
2021: 24.8%▲ +33.0% vs 2020
2022: 90.8%▲ +267% vs 2021highest in 7 years
2023: 65.2%▼ -28.2% vs 2022
2024: 32.3%▼ -50.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€57k▲ 31.5%€92k▲ 62.9%€73k▼ 21.2%€78k▲ 7.3%
2020: €43klowest in 5 years
2021: €57k▲ +31.5% vs 2020
2022: €92k▲ +62.9% vs 2021highest in 5 years
2023: €73k▼ -21.2% vs 2022
2024: €78k▲ +7.3% vs 2023
Operating result€25k-€24k▼ 3.7%€42k▲ 73.7%€33k▼ 21.3%€11k▼ 66.2%
2020: €25k
2021: €24k▼ -3.7% vs 2020
2022: €42k▲ +73.7% vs 2021highest in 5 years
2023: €33k▼ -21.3% vs 2022
2024: €11k▼ -66.2% vs 2023lowest in 5 years
Net result€14k-€14k▼ 4.5%€36k▲ 162%€29k▼ 17.5%€6k▼ 77.9%
2020: €14k
2021: €14k▼ -4.5% vs 2020
2022: €36k▲ +162% vs 2021highest in 5 years
2023: €29k▼ -17.5% vs 2022
2024: €6k▼ -77.9% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 66% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €241k
Fixed assets
€142k ▲ 6,083%
Current assets
€99k ▼ 9.0%
Equity and liabilities €241k
Equity
€78k ▲ 7.3%
Debt
€163k ▲ 320%
Debt's share of the balance-sheet total rises from 34.8% to 67.7%. Equity and debt are higher.
Key figures and ratios
ROE
8.3%▼
2023 · 40.4%
ROA
2.7%▼
2023 · 26.3%
Debt ≤ 1 year
€44k▲
2023 · €39k
Debt > 1 year
€119k
Income taxes
€201▼
2023 · €1k
Staff costs
€100k▲
2023 · €55k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€111k€241k▲
Fixed assets21/28€2k€142k▲
Tangible fixed assets22/27€2k€142k▲
Land and buildings22-€120k
Plant, machinery and equipment23€2k€12k▲
Furniture and vehicles24-€9k
Current assets29/58€109k€99k▼
Amounts receivable within one year40/41€83k€66k▼
Trade receivables40€75k€45k▼
Other amounts receivable41€8k€21k▲
Cash at bank and in hand54/58€24k€33k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€111k€241k▲
Equity10/15€73k€78k▲
Contributions10/11€19k€19k=
Reserves13€54k€59k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€52k€59k▲
Amounts payable17/49€39k€163k▲
Amounts payable after more than one year17-€119k
Financial debts170/4-€119k
Amounts payable within one year42/48€39k€44k▲
Current portion of amounts payable after more than one year42-€13k
Trade debts44€15k€25k▲
Suppliers440/4€15k€25k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€451▼
Remuneration and social security454/9-€5k
Other amounts payable47/48€16k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€55k€100k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€596€3k▲
Other operating charges640/8€768€17k▲
Gross operating margin9900€89k€131k▲
Operating profit (loss)9901€33k€11k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€30k€7k▼
Income taxes67/77€1k€201▼
Profit (loss) for the period9904€29k€6k▼
Profit (loss) for the period to be appropriated9905€29k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€6k▼
Transfer from equity791/2€36k-
Transfer to equity691/2€10k€5k▼
To other reserves6921€10k€5k▼
Profit to be distributed694/7€55k€1k▼
Return on contributions (dividend)694€53k-
Employees696€2k€1k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €100k | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €55k | €100k | ▲ 82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €95 | €596 | €3k | ▲ 391% |
| Other operating charges640/8 | - | €502 | €710 | €768 | €17k | ▲ 2,084% |
| Gross operating margin9900 | €25k | €25k | €43k | €89k | €131k | ▲ 47.0% |
| Operating profit (loss)9901 | €25k | €24k | €42k | €33k | €11k | ▼ 66.2% |
| Financial income75/76B | - | - | €338 | - | €3 | - |
| Recurring financial income75 | - | - | €338 | - | €3 | - |
| Financial charges65/66B | - | €4k | €7k | €3k | €4k | ▲ 76.1% |
| Recurring financial charges65 | €4k | €4k | €7k | €3k | €4k | ▲ 76.1% |
| Profit (loss) for the period before taxes9903 | €21k | €20k | €36k | €30k | €7k | ▼ 78.0% |
| Income taxes67/77 | €7k | €7k | €112 | €1k | €201 | ▼ 81.9% |
| Profit (loss) for the period9904 | €14k | €14k | €36k | €29k | €6k | ▼ 77.9% |
| Profit (loss) for the period to be appropriated9905 | €14k | €14k | €36k | €29k | €6k | ▼ 77.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €231k | €228k | €101k | €111k | €241k | ▲ 116% |
| Fixed assets21/28 | €204k | €204k | €3k | €2k | €142k | ▲ 6,083% |
| Tangible fixed assets22/27 | - | - | €3k | €2k | €142k | ▲ 6,083% |
| Land and buildings22 | - | - | - | - | €120k | - |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €12k | ▲ 445% |
| Furniture and vehicles24 | - | - | - | - | €9k | - |
| Financial fixed assets28 | €204k | €204k | - | - | - | - |
| Current assets29/58 | €27k | €24k | €99k | €109k | €99k | ▼ 9.0% |
| Amounts receivable within one year40/41 | €23k | €12k | €57k | €83k | €66k | ▼ 19.8% |
| Trade receivables40 | - | €12k | €13k | €75k | €45k | ▼ 39.9% |
| Other amounts receivable41 | - | - | €44k | €8k | €21k | ▲ 173% |
| Cash at bank and in hand54/58 | €2k | €12k | €41k | €24k | €33k | ▲ 39.2% |
| Deferred charges and accrued income490/1 | - | - | €876 | €3k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €231k | €228k | €101k | €111k | €241k | ▲ 116% |
| Equity10/15 | €43k | €57k | €92k | €73k | €78k | ▲ 7.3% |
| Contributions10/11 | - | €13k | €13k | €19k | €19k | = |
| Reserves13 | €30k | €44k | €80k | €54k | €59k | ▲ 9.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €42k | €78k | €52k | €59k | ▲ 13.7% |
| Profit (loss) carried forward14 | €3k | - | - | - | - | - |
| Amounts payable17/49 | €188k | €172k | €9k | €39k | €163k | ▲ 320% |
| Amounts payable after more than one year17 | €111k | €89k | - | - | €119k | - |
| Financial debts170/4 | - | €89k | - | - | €119k | - |
| Amounts payable within one year42/48 | €76k | €83k | €9k | €39k | €44k | ▲ 12.7% |
| Current portion of amounts payable after more than one year42 | - | €22k | - | - | €13k | - |
| Trade debts44 | €759 | €3k | €5k | €15k | €25k | ▲ 68.6% |
| Suppliers440/4 | - | €3k | €5k | €15k | €25k | ▲ 68.6% |
| Taxes, remuneration and social security45 | - | €8k | €4k | €8k | €5k | ▼ 37.3% |
| Taxes450/3 | - | €8k | €4k | €8k | €451 | ▼ 94.5% |
| Remuneration and social security454/9 | - | - | - | - | €5k | - |
| Other amounts payable47/48 | - | €49k | - | €16k | €1k | ▼ 92.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €14k | €36k | €29k | €6k | ▼ 77.9% |
| + Depreciation and write-downs630 | - | - | €95 | €596 | €3k | ▲ 391% |
| Operating cash flow (approximation) | €14k | €14k | €36k | €30k | €9k | ▼ 68.5% |
| Investment in fixed assets (approximation) | - | €0 | €201k | €0 | €-142k | - |
| Change in cash | - | €10k | €28k | €-17k | €9k | ▲ 154% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €36k ▲162%
Operating result €42k, net result €36k, both a record.
31-12
Financial
Liquidity times 37current ratio 10.60
Current ratio from 0.29 to 10.60; short-term debt falls from €83k to €9k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Essen · 1 establishment unit since 2018
Ground area
1,075 m²
Building footprint
265 m²
Volume, LiDAR
1,349 m³
2 parcels, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hars
since 20182.277.920.977
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0113/00D014 | Flanders | 927 m² | 1 · 165 m² | 6.6 m · 1 fl. |
| 11016A0010/00V000 | Flanders | 148 m² | 1 · 100 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 4,223 EUR awarded · 3,987 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,184 EUR | 1,184 EUR |
| 2024 | 1 | 587 EUR | 642 EUR |
| 2023 | 1 | 2,452 EUR | 2,161 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DISTINGI
BE 0661.886.923
Aarschot · Eq €77,878
AGS Trading
BE 0405.354.387
Kortrijk · Eq €77,867
WLM-Reno
BE 0739.784.257
Ravels · Eq €77,851
AVIEX
BE 0444.219.121
Ukkel · Eq €77,844
EMCE FINANCE
BE 0744.435.507
Beveren-Kruibeke-Zwijndrecht · Eq €77,954
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,682 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
82990Other business support services
68110Buying and selling of own real estate
77400Rental and leasing activities
Contact
E-mail
Heidi@harsbv.be
Phone
0473466810
E-mail
heide@acd.beEssen
Scores and ratios are computed by Checked and are not a credit decision.