HADI BREWERIES
ActiveSummary
The computed 12-month bankruptcy probability of HADI BREWERIES is 4.3% (elevated). The 2024 annual accounts show equity of €5k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 18941 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency47▼-25
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.12 against 1.75 in 2023; short-term debt: 78.4% and cash: 80.4% of total assets), and 78.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.6%
Return on assets
-26.3%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-7k
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 06-08-2026, 371 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
371 d late
2023
219 d late
2022
347 d late
2021
152 d late
2020
102 d late
2019
280 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€40k▼ 78.7%
2019 · €186k
2019: €186k
2019 → 2021
EBIT margin
-61.5%▼ 77.8pp
2019 · 16.3%
2019: 16.3%
2019 → 2021
Net result
€-7k▲ 76.5%
2023 · €-28k
2018: €14k
2019: €26k
2020: €39k
2021: €-24k
2022: €4k
2023: €-28k
2018 → 2024
Working capital
€2k▼ 83.8%
2023 · €15k
2018: €12k
2019: €22k
2020: €76k
2021: €37k
2022: €46k
2023: €15k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€40k
Equity€66k-€42k▼ 36.3%€46k▲ 9.8%€18k▼ 60.9%€5k▼ 69.9%
Operating result€38k-€-24k€4k€-28k€6k
Net result€39k-€-24k€4k€-28k€-7k▲ 76.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €6k after a loss of €28k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €25k
Fixed assets
€3k =
Current assets
€22k ▼ 37.1%
Equity and liabilities €25k
Equity
€5k ▼ 69.9%
Debt
€20k ▼ 2.1%
Debt's share of the balance-sheet total rises from 52.7% to 78.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.12▼
2023 · 1.75
Quick ratio
1.03▼
2023 · 1.72
Debt to equity
3.62▲
2023 · 1.11
ROE
-121.5%▲
2023 · -155.6%
ROA
-26.3%▲
2023 · -73.6%
Debt ≤ 1 year
€20k▼
2023 · €20k
Income taxes
€13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€38k€25k▼
Fixed assets21/28€3k€3k=
Financial fixed assets28€3k€3k=
Current assets29/58€35k€22k▼
Stocks and contracts in progress3€494€2k▲
Stocks30/36€494€2k▲
Amounts receivable within one year40/41€2k-
Other amounts receivable41€2k-
Cash at bank and in hand54/58€33k€20k▼
Equity and liabilities
Total equity and liabilities10/49€38k€25k▼
Equity10/15€18k€5k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€539€539=
Non-distributable reserves130/1€539€539=
Legal reserve130€539€539=
Profit (loss) carried forward14€-1k€-14k▼
Amounts payable17/49€20k€20k▼
Amounts payable within one year42/48€20k€20k▼
Trade debts44€12k€13k▲
Suppliers440/4€12k€13k▲
Taxes, remuneration and social security45€598€1k▲
Taxes450/3€598€1k▲
Other amounts payable47/48€7k€6k▼
Income statement
Code20232024
Other operating charges640/8€3k€4k▲
Gross operating margin9900€-25k€10k▲
Operating profit (loss)9901€-28k€6k▲
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€134€147▲
Recurring financial charges65€134€147▲
Profit (loss) for the period before taxes9903€-28k€6k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€-28k€-7k▲
Profit (loss) for the period to be appropriated9905€-28k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€-8k▼
Profit (loss) brought forward from the previous period14P€27k€-1k▼
Profit to be distributed694/7-€6k
Directors or managers695-€6k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 371 days late
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 371 days late
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 219 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 347 days late
2023
31-12
Financial
Weakest financial yearnet €-28k ▼784%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.50
Current ratio from 2.21 to 4.50; short-term debt falls from €31k to €13k.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 280 days late
2020
31-12
Financial
Highest result since 2018net €39k ▲50.2%
Operating result €38k, net result €39k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.49
Current ratio from 1.54 to 4.49; short-term debt falls from €42k to €22k.
Show earlier events
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Brussel · 1 establishment unit since 2012
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.
Groendreef 991000 BrusselGround area
81 m²
Building footprint
91 m²
Volume, LiDAR
1,127 m³
Parcel 21814P0430/00R014, Brussels · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
OLYMPOS
since 20122.206.671.410
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21814P0430/00R014 | Brussels | 81 m² | 1 · 91 m² | 16.2 m · 4 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 siteBrussel2.206.671.410
Similar companies · same sector, comparable size
GMB BOUW
BE 0656.491.545
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VIGARO HORECA
BE 0731.744.244
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MUNDIAL Alan
BE 1023.853.608
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M.A
BE 0750.748.425
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GENTE DI MARE
BE 0880.354.776
Brugge · Eq €5,400
Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 2,895 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0489/586.046