Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 25.4 to 7.1.
Financials
Financial year 2025
HA.P from Hulshout, company number BE0759566121, closed financial year 2025 with a result of € 110,758 after tax. For that financial year HA.P recorded a gross margin of € 518,734 and equity of € 160,758. Compared with financial year 2024, the result moved from € 176,883 to € 110,758. The company is profitable. The buffer shrank hard: equity is 77 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2026.
€ 160,758
▼ 77% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 110,758
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 32,441
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 658,224 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
7.1
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 317,947
▼ 4% vs 2024
€ 44,800 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.
€ 41,430
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 59,605
▼ 14% vs 2024
€ 10,795 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 100,489
▲ € 88,112 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 24,805
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 652,958 | € 694,503 | € 619,915 | € 518,734 | ▼ 16% |
| Profit after taxes | € 257,449 | € 214,569 | € 176,883 | € 110,758 | ▼ 37% |
| Equity | € 316,773 | € 531,341 | € 708,224 | € 160,758 | ▼ 77% |
| Total debts | € 489,193 | € 238,984 | € 134,460 | € 753,167 | ▲ € 618,707 |
| Cash | € 302,690 | € 221,850 | € 258,162 | € 32,441 | ▼ 87% |
| Retained profit | € 266,773 | € 481,341 | € 658,224 | € 110,758 | ▼ 83% |
| Dividend | € 0 | € 0 | € 0 | € 658,224 | |
| Bank debt | € 88,867 | € 79,215 | € 69,462 | € 59,605 | ▼ 14% |
| Balance sheet total | € 805,966 | € 770,325 | € 842,684 | € 913,924 | ▲ 8% |
| Employees (FTE) | 26.7 | 25.4 | 8.3 | 7.1 | ▼ 1.2 |
Key figures of HA.P, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HA.P?
What happened at HA.P in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 110,758 (▼ 37% vs 2024). filed late Source: NBB ↗
- New establishment in Hulshout. KBO
- Start of the company according to the CBE. KBO
In short
From € 257,449 profit in 2022 to € 110,758 profit in 2025.
Paid € 200,704 in corporate taxes since 2022.
Best year ever: 2022, with € 257,449 profit.
On average € 73,100 of value added per employee in 2025.
Management
Behind HA.P is Ha.P Invest bv.
Directors
According to the 2025 annual accounts
Director · represented by Hannes Peeters
Establishments
Establishment units
Physical locations of this company
Grote Baan 122
2235 Hulshout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0759.566.121
- VAT number
- BE 0759.566.121
- Registered office
- Grote Baan 122, 2235 Hulshout
- Names & denominations
- HA.P
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 December 2020
- Peppol
- Active · Active since 4 Mar 2026
- Contact
- [email protected]
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening