BHM SUD
ActiveThe file of BHM SUD contains 1 judicial reorganisation, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 12.8% (high). The 2024 annual accounts show equity of €458k and a net result of €22k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 81% of 1763 sector peers (fiscal year 2024).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-4
Solvency81▲+3
Growth85▲+17
Track record60
Bankruptcy probability, 12 months
12.8%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 0.78 in 2023; short-term debt: 22.6% and cash: 10.6% of total assets), and 43.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
56 d late
2022
10 d late
2021
31 d late
2020
94 d late
2019
284 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€592k▲ 44.9%
2021 · €409k
2021: €409k
2021 → 2022
EBIT margin
4.1%▲ 3.9pp
2021 · 0.2%
2021: 0.2%
2021 → 2022
Net result
€22k▲ 355%
2023 · €5k
2018: €12k
2019: €32k
2020: €10k
2021: €-2k
2022: €-2k
2023: €5k
2018 → 2024
Working capital
€-10k▲ 79.6%
2023 · €-47k
2018: €-95k
2019: €-45k
2020: €-49k
2021: €-26k
2022: €-46k
2023: €-47k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€409k€592k▲ 44.9%
Equity€446k-€444k▼ 0.5%€442k▼ 0.4%€436k▼ 1.2%€458k▲ 5.0%
Operating result€17k-€614▼ 96.4%€24k▲ 3,818%€63k▲ 160%€76k▲ 21.0%
Net result€10k-€-2k€-2k▲ 11.6%€5k€22k▲ 355%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 21% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €816k
Fixed assets
€641k▼ 2.4%
Current assets
€175k▲ 4.5%
Equity and liabilities €816k
Equity
€458k▲ 5.0%
Debt
€357k▼ 7.8%
The debt ratio falls from 47.0% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€120k▲
2023 · €95k
Cash flow
€66k▲
2023 · €37k
Solvency
56.2%▲
2023 · 53.0%
Current ratio
0.95▲
2023 · 0.78
Quick ratio
0.81▲
2023 · 0.66
Debt / equity
0.78▼
2023 · 0.89
ROE
4.8%▲
2023 · 1.1%
ROA
2.7%▲
2023 · 0.6%
Interest coverage
5.10▼
2023 · 6.38
Debt
€357k▼
2023 · €387k
Debt ≤ 1 year
€184k▼
2023 · €214k
Debt > 1 year
€172k▼
2023 · €172k
Income taxes
€31k▼
2023 · €43k
Staff costs
€201k▲
2023 · €165k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€824k€816k▼
Fixed assets21/28€656k€641k▼
Tangible fixed assets22/27€656k€641k▼
Land and buildings22€578k€556k▼
Plant, machinery and equipment23€32k€29k▼
Furniture and vehicles24€30k€23k▼
Other tangible fixed assets26€8k€4k▼
Assets under construction and advance payments27€8k€28k▲
Current assets29/58€167k€175k▲
Stocks and contracts in progress3€27k€25k▼
Stocks30/36€27k€25k▼
Amounts receivable within one year40/41€119k€62k▼
Trade receivables40€106k€35k▼
Other amounts receivable41€13k€27k▲
Cash at bank and in hand54/58€22k€86k▲
Deferred charges and accrued income490/1€235€1k▲
Equity and liabilities
Total equity and liabilities10/49€824k€816k▼
Equity10/15€436k€458k▲
Contributions10/11€31k€31k=
Revaluation surpluses12€444k€444k=
Reserves13€23k€23k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€-61k€-39k▲
Amounts payable17/49€387k€357k▼
Amounts payable after more than one year17€172k€172k▼
Financial debts170/4€172k€172k▼
Amounts payable within one year42/48€214k€184k▼
Current portion of amounts payable after more than one year42€16k€37k▲
Financial debts43-€523
Credit institutions430/8-€523
Trade debts44€112k€80k▼
Suppliers440/4€112k€80k▼
Taxes, remuneration and social security45€80k€60k▼
Taxes450/3€60k€38k▼
Remuneration and social security454/9€20k€22k▲
Other amounts payable47/48€6k€6k=
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€165k€201k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€44k▲
Other operating charges640/8€6k€23k▲
Operating charges capitalised as restructuring costs649-€-99
Gross operating margin9900€265k€344k▲
Operating profit (loss)9901€63k€76k▲
Financial income75/76B€3€227▲
Recurring financial income75€3€227▲
Financial charges65/66B€15k€24k▲
Recurring financial charges65€15k€24k▲
Profit (loss) for the period before taxes9903€48k€52k▲
Income taxes67/77€43k€31k▼
Profit (loss) for the period9904€5k€22k▲
Profit (loss) for the period to be appropriated9905€5k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-61k€-39k▲
Profit (loss) brought forward from the previous period14P€-66k€-61k▲
Social balance
Average headcount (FTE)908712.0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 119 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 56 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-2k ▼122%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 284 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 439 days late
2019
31-12
Financial
Highest result since 2018net €32k ▲177%
Net result €32k, the highest in the series.
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 63 days late
12-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 255 days late
2011
06-07
Judicial reorganisation
Plan homologation
Tribunal de commerce de Tournai
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mouscron · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Luingnesteenweg(H) 2167712 MouscronGround area
546 m²
Building footprint
126 m²
Volume, LiDAR
1,291 m³
Parcel 54004H1216/00_000, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
La Villa Nagara
since 19932.063.704.593
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54004H1216/00_000 | Wallonia | 546 m² | 1 · 126 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMouscron/Moeskroen2.063.704.593
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DE MEYER HOTELS
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AMLAH
BE 0801.561.775
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HUMA
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Wevelgem · Eq €459k
M.V.G.
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Boussu · Eq €458k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 6,546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-1993
Fiscal year end31-12
Trade name FR
VILLA NAGARA
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0478/22 69 34