ACTIVE

HAPPY

Financial year 2025 · closed on 31/12/2025
Net result
-5,2 k €
-806.4% YoY
Gross margin
-4,6 k €
-437.9% YoY
Equity
172,3 k €
-2.9% YoY

What does HAPPY do?

HAPPY is a Public limited company incorporated in 1999. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Erpe-Mere.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0465.304.149
Incorporation
03/03/1999
Legal form
Public limited company
Registered office
Keerstraat 65
9420 Erpe-Mere · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidity
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-4,6 k €1,4 k €-2,8 k €-43 €-2 k €11,5 k €106 k €327 k €-2,7 k €11 k €61,2 k €48,6 k €-5,6 k €40,7 k €75,7 k €66,6 k €74 k €43,7 k €137,9 k €81,2 k €
EBITDA-5,1 k €827 €-3,3 k €-512 €-3 k €10,5 k €104,8 k €325,9 k €-3,2 k €9,4 k €59,7 k €48 k €-6,5 k €39,9 k €74,9 k €65,2 k €51,8 k €41,8 k €136 k €80,3 k €
Operating result-5,1 k €827 €-3,3 k €-512 €-3 k €10,5 k €104,8 k €325,9 k €-3,2 k €9,4 k €53,1 k €14,2 k €-6,5 k €27,7 k €62,1 k €52,9 k €11,7 k €-29,3 k €105,7 k €28,9 k €
Net result-5,2 k €729 €-3,7 k €-794 €-3,3 k €7,3 k €102,8 k €283 k €-2,6 k €40,9 k €44,5 k €-2,7 k €31,1 k €-5,3 k €52 k €43 k €-11,5 k €-61,3 k €98,3 k €10 k €
Balance sheet
Equity172,3 k €177,5 k €176,7 k €180,4 k €181,2 k €184,5 k €177,2 k €174,5 k €91,4 k €94 k €103,1 k €95,6 k €98,3 k €67,2 k €72,5 k €40,5 k €-2,5 k €9 k €70,3 k €-16 k €
Total assets304,5 k €311,1 k €310 k €313,1 k €316,2 k €508,3 k €1,5 M €750,3 k €191,2 k €201,7 k €497,3 k €528,4 k €174,9 k €376,6 k €415,4 k €397,3 k €396,6 k €511,4 k €350,2 k €576 k €
Cash17,4 k €21,1 k €25,3 k €27,5 k €37,7 k €56,8 k €23,8 k €100,3 k €25,9 k €74,5 k €22,2 k €30,3 k €13 k €49,1 k €51,3 k €39,7 k €34,3 k €19,8 k €28,5 k €24,9 k €
Debts130,9 k €132,4 k €132 k €131,4 k €133,7 k €322,5 k €1,3 M €574,9 k €98,8 k €106,2 k €383,6 k €422 k €65,4 k €282,9 k €341,4 k €355,3 k €399,1 k €500,6 k €274,8 k €585,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

DARTA

Director · since 31 mai 2024 · until 31 mai 2030 · 0452.660.495

Represented by Philippe Brantegem

Active
Kathleen Verhelst

Director · since 31 mai 2024 · until 31 mai 2030

Active
LORVE

Director · since 31 mai 2024 · until 31 mai 2030 · 0883.795.704

Represented by Willy Lorrie

Active

Ended mandates

DARTA

Director · since 26 août 2018 · until 26 août 2024 · 0452.660.495

Represented by Philippe Brantegem

Ended
LORVE

Director · since 26 août 2018 · until 26 août 2024 · 0883.795.704

Represented by Willy Lorrie

Ended
LORVE

Director · since 26 août 2018 · until 26 août 2024 · 0883.795.704

Represented by Willy Lorrie

Ended
Kathleen Verhelst

Director · since 31 mai 2018 · until 30 mai 2024

Ended
At this address

Other companies at this address

CompanyCBE no.
BARINAActive
0445.908.010
LORVEActive
0883.795.704
SOEVENIRActive
0859.768.309
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202628/08/202528/08/202430/08/202331/08/202231/08/2021
General meeting30/06/202630/05/202531/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026DutchPDF
Abridged model31/12/202430/05/202528/08/2025DutchPDF
Abridged model31/12/202331/05/202428/08/2024DutchPDF
Abridged model31/12/202226/05/202330/08/2023DutchPDF
Abridged model31/12/202127/05/202231/08/2022DutchPDF
Abridged model31/12/202028/05/202131/08/2021DutchPDF
Abridged model31/12/201929/05/202031/08/2020DutchPDF
Abridged model31/12/201831/05/201930/08/2019DutchPDF
Abridged model31/12/201725/05/201831/08/2018DutchPDF
Abridged model31/12/201626/05/201731/08/2017DutchPDF
Abridged model31/12/201527/05/201601/08/2016DutchPDF
Abridged model31/12/201429/05/201521/08/2015DutchPDF
Abridged model31/12/201330/05/201406/06/2014DutchPDF
Abridged model31/12/201231/05/201330/08/2013DutchPDF
Abridged model31/12/201130/06/201216/07/2012DutchPDF
Abridged model31/12/201027/05/201131/08/2011DutchPDF
Abridged model31/12/200928/05/201030/10/2010DutchPDF
Abridged model31/12/200829/05/200931/12/2009DutchPDF
Abridged model31/12/200723/05/200818/06/2008DutchPDF
Abridged model31/12/200630/06/200711/09/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 16 ended

Active mandates

DARTA

Director · since 31 mai 2024 · until 31 mai 2030 · 0452.660.495

Represented by Philippe Brantegem

Active
Kathleen Verhelst

Director · since 31 mai 2024 · until 31 mai 2030

Active
LORVE

Director · since 31 mai 2024 · until 31 mai 2030 · 0883.795.704

Represented by Willy Lorrie

Active

Ended mandates

DARTA

Director · since 26 août 2018 · until 26 août 2024 · 0452.660.495

Represented by Philippe Brantegem

Ended
LORVE

Director · since 26 août 2018 · until 26 août 2024 · 0883.795.704

Represented by Willy Lorrie

Ended
LORVE

Director · since 26 août 2018 · until 26 août 2024 · 0883.795.704

Represented by Willy Lorrie

Ended
Kathleen Verhelst

Director · since 31 mai 2018 · until 30 mai 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office22/09/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/02/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/06/2014
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/05/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/09/2007
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/10/2006
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/10/2005
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares22/07/2004
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-5,2 k €
  2. 2024
    Annual accounts 2024729 €
  3. 2023
    Annual accounts 2023-3,7 k €
  4. 2022
    Annual accounts 2022-794 €
  5. 2021
    Annual accounts 2021-3,3 k €
  6. 2020
    Annual accounts 20207,3 k €
  7. 2019
    Annual accounts 2019102,8 k €
  8. 2018
    Annual accounts 2018283 k €
  9. 2017
    Annual accounts 2017-2,6 k €
  10. 2016
    Annual accounts 201640,9 k €
  11. 2015
    Annual accounts 201544,5 k €
  12. 2014
    Annual accounts 2014-2,7 k €
  13. 2013
    Annual accounts 201331,1 k €
  14. 2012
    Annual accounts 2012-5,3 k €
  15. 2011
    Annual accounts 201152 k €
  16. 2010
    Annual accounts 201043 k €
  17. 2009
    Annual accounts 2009-11,5 k €
  18. 2008
    Annual accounts 2008-61,3 k €
  19. 2007
    Annual accounts 200798,3 k €
  20. 2006
    Annual accounts 200610 k €
  21. 03/03/1999
    IncorporationPublic limited company