HASAVLUTH
ActiveSummary
The computed 12-month bankruptcy probability of HASAVLUTH is 4.7% (elevated). The annual accounts of HASAVLUTH for financial year 2025 show a net loss of 89% of the equity at the start of that year. The 2025 annual accounts show equity of €41,233 and a net result of -€345,776. Equity has been shrinking by about 31% per year since 2019. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 14% of 1,009 sector peers (NACE 10, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 04-06-2019 Normal situation
- Registered office
- 31 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Manufacture of food products NACE 10910
- Joint committees
- 220 Paritair Comité voor de bedienden uit de voedingsnijverheid
- 118 Paritair Comité voor de voedingsnijverheid · annual accounts 30-09-2025
- Establishment units
- 2.291.161.378 3500 Hasselt, since 04-06-2019
- 2.291.161.477 9800 Deinze, since 04-06-2019
- Financial year end
- 30 September
- Peppol
- Reachable
Board and ownership
- Lode VerseleDirector
- Auditor
- Baker Tilly Bedrijfsrevisoren
- HELUCAconsolidatesannual accounts 30-09-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.7%
- Gross margin
- €739,297
- ▲ 25.7%
- Turnover
- ≈ €1.7m
- estimated
- Loss
- €345,776
- ▼ 11.2%
- Equity
- €41,233
- ▼ 89.3%
- Total assets
- €1.6m
- ▲ 17.0%
- Employees on 30-09-2025
- 13
- ▼ 18.8%
Score breakdownraises riskSector: Manufacture of food products (NACE 10)Equity €41,233 (2.6% of total assets)Liquidity: current ratio 0.89Loss of €345,776, the second in a row (financial year 2025)Show the evidence
Checked score
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, small). It does better than 8% of them on solvency, 0% on liquidity, 2% on profitability and 4% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 5 days after the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Equity fell in 2025from €387,009 to €41,233 ▼ 89.3% View
- Caution: Lower net result than 95% of companies in food productssector median €33,437 · 1,008 companies -€345,776 View
- Caution: 2 loss-making years in a rowloss in financial year 2025 -€345,776 View
- Positive: Filed on time since financial year 2020accounts within the deadline every year 5 years View
Recent changes
- · Gazette deed Resignation: Frédéric Boone (director)Appointment: Lode Versele (director) · Permanent representative: Steven Meyvaert
- · Gazette deed Reappointment: Baker Tilly Bedrijfsrevisoren (statutory auditor)Permanent representative: Steven Meyvaert
- · Gazette deed Company renamed from QUARTES HASSELT to HASAVLUTH
Comparable companies
These companies have the same main activity as HASAVLUTH: manufacture of food products (NACE 10910). They are comparable in size and age: total assets between €1.2m and €5.6m, founded between 2013 and 2019.
| Company | Total assets | Gross margin |
|---|---|---|
| HASAVLUTH Deinze | €1.6m | €0.7m |
| NUTRIWEST Veurne | €3.9m | €0.6m |
| YUMAX Oudsbergen | €2.1m | €0.3m |
| MILHO Beveren-Kruibeke-Zwijndrecht | €1.2m | €0.3m |
| NUTRIKA Zulte | €3.1m | €0.5m |
| BELFEED Dilbeek | €5.2m | €2.1m |
| HÖLSCHER-SEVERINS Sint-Katelijne-Waver | €5.6m | €2.1m |
Key facts about HASAVLUTH
- What is the company number of HASAVLUTH?
- The company number of HASAVLUTH is 0727.762.195. The VAT number is the same number with BE in front: BE 0727.762.195.
- Where is HASAVLUTH based?
- The registered office is at Kapellestraat 70, 9800 Deinze.Company details
- What does HASAVLUTH do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10910).
- What is the legal form of HASAVLUTH?
- The legal form of HASAVLUTH is Public limited company (NV).
- When was HASAVLUTH founded?
- HASAVLUTH was founded on 04-06-2019.
- Is HASAVLUTH still active?
- Yes, HASAVLUTH is an active enterprise in the KBO register.
- How many employees does HASAVLUTH have?
- HASAVLUTH had an average of 12.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HASAVLUTH fall under?
- In its 30-09-2025 annual accounts, HASAVLUTH states joint committees 220 (Paritair Comité voor de bedienden uit de voedingsnijverheid) and 118 (Paritair Comité voor de voedingsnijverheid).
- What is the turnover of HASAVLUTH?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €739,297 and 2,281 comparable companies of the same size. It probably lies between €1.0m and €3.0m. It is a rough estimate.
- Is HASAVLUTH profitable?
- In financial year 2025, HASAVLUTH made a loss of €345,776.
- Where can I find the annual accounts of HASAVLUTH?
- HASAVLUTH filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HASAVLUTH due?
- HASAVLUTH must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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