Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HAPATRIM from Harelbeke, company number BE0436192667, closed financial year 2025 with a result of € 219,291 after tax. For that financial year HAPATRIM recorded a gross margin of € 553,483 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 92,730 to € 219,291. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 1.3 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 219,291
▲ 136% vs 2024
Profit after tax over the fiscal year.
€ 84,997
▲ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 683,382.
People and assets in 2025
1.2
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 71,437
▲ 41% vs 2024
€ 59,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 2.4 million
▲ 17% vs 2024
€ 400,025 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 48,476
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,992
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 105,387 | € 324,492 | € 406,566 | € 553,483 | ▲ 36% |
| Profit after taxes | € 18,139 | € 143,669 | € 92,730 | € 219,291 | ▲ 136% |
| Equity | € 827,691 | € 971,360 | € 1,064,090 | € 1,283,382 | ▲ 21% |
| Total debts | € 2,340,786 | € 3,638,530 | € 3,443,238 | € 3,837,449 | ▲ 11% |
| Cash | € 225,721 | € 92,397 | € 68,203 | € 84,997 | ▲ 25% |
| Land & buildings | € 958,753 | € 2,991,884 | € 2,892,957 | € 3,372,930 | ▲ 17% |
| Retained profit | € 227,691 | € 371,360 | € 464,090 | € 683,382 | ▲ 47% |
| Bank debt | € 2,139,428 | € 2,364,662 | € 2,047,751 | € 2,397,727 | ▲ 17% |
| Balance sheet total | € 3,168,477 | € 4,609,891 | € 4,507,329 | € 5,120,830 | ▲ 14% |
| Employees (FTE) | - | 0.9 | 0.8 | 1.2 | ▲ 0.4 |
Key figures of HAPATRIM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to HAPATRIM?
What happened at HAPATRIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 219,291 (▲ 136% vs 2024). Source: NBB ↗
- P.C. BV became a director. NBB
- M.C. BV became a director. NBB
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,139 profit in 2022 to € 219,291 profit in 2025.
Paid € 35,519 in corporate taxes since 2022.
Best year ever: 2025, with € 219,291 profit.
On average € 461,200 of value added per employee in 2025.
Management
Behind HAPATRIM are P.C. BV and M.C. BV. It owns 100% of Krisko BV and 66.7% of L.M.P. Immo BV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Pierre Castelein
Also active at: HOSA, KRISKO, ISOCAB CONSTRUCT, IC-CONSTRUCT, STMSE, CEGAL INVEST, P.U. SYSTEMS, SYSTEMHOUSE
since 2023
Director · represented by Mathieu Castelein
Also active at: KRISKO, STMSE, P.U. SYSTEMS, SYSTEMHOUSE
since 2020
Establishments
Establishment units
Physical locations of this company
Dwarsstraat 20
8531 Harelbeke
Zuidkaai 8
8770 Ingelmunster
Active since 13 January 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.192.667
- VAT number
- BE 0436.192.667
- Registered office
- Dwarsstraat 20, 8531 Harelbeke
- Names & denominations
- HAPATRIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 1989
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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