HALIZ
ActiveSummary
HALIZ has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9,574) and a net result of -€6,611. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-16
Solvency24▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.85 in 2024; short-term debt: 8.2% and cash: 2.7% of total assets), and equity is negative.
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Signals
Five 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 · 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 2025Solvency, return and age of the figures
Solvency
-1.2%
Return on assets
-0.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€9,574
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
31 d early
2023
30 d early
2022
48 d early
2021
5 d late
2020
4 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Izegem, Accommodation and food service sector#10 company by total assets in Izegem, Accommodation and food service sector
Equity
-€9,574▼ 223%
2024 · -€2,963
Total assets
€809,502▲ 0.1%
2024 · €808,932
Net result
-€6,611
2024 · €20,669
Working capital
-€36,997▼ 531%
2024 · -€5,865
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€29,291€39,260▲ 34.0%€41,907▲ 6.7%€34,861▼ 16.8%€5,474▼ 84.3%
Net result€19,703▼ 61.9%€35,160▲ 78.4%€31,982▼ 9.0%€20,669▼ 35.4%-€6,611
Equity-€90,774▲ 17.8%-€55,615▲ 38.7%-€23,633▲ 57.5%-€2,963▲ 87.5%-€9,574▼ 223%
Total assets€791,020=€812,565▲ 2.7%€821,308▲ 1.1%€808,932▼ 1.5%€809,502▲ 0.1%
Debt€881,795▼ 2.2%€868,180▼ 1.5%€844,941▼ 2.7%€811,895▼ 3.9%€819,076▲ 0.9%
Working capital-€41,108▼ 20.1%-€30,715▲ 25.3%-€14,935▲ 51.4%-€5,865▲ 60.7%-€36,997▼ 531%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 84% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €809,502
Fixed assets
€780,376 ▲ 0.7%
Current assets
€29,126 ▼ 15.1%
Key figures and ratios
EBITDA
€43,490▼
2024 · €70,949
Cash flow
€31,405▼
2024 · €56,757
Solvency
-1.2%▼
2024 · -0.4%
Current ratio
0.44▼
2024 · 0.85
Debt to equity
-85.55
ROA
-0.8%▼
2024 · 2.6%
Interest coverage
3.60▼
2024 · 5.00
Debt ≤ 1 year
€66,123▲
2024 · €40,152
Debt > 1 year
€752,953▼
2024 · €771,743
Income taxes
€51
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.7%
went bankrupt
3.9%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €586 | €1,056 | €3,497 | €36,088 | €38,016 | ▲ 5.3% |
| Other operating charges640/8 | €3,864 | €5,432 | €2,186 | €2,163 | €2,344 | ▲ 8.4% |
| Gross operating margin9900 | €33,741 | €45,747 | €47,591 | €73,112 | €45,834 | ▼ 37.3% |
| Operating profit (loss)9901 | €29,291 | €39,260 | €41,907 | €34,861 | €5,474 | ▼ 84.3% |
| Financial income75/76B | €81 | €1,057 | €2,986 | - | €33 | - |
| Recurring financial income75 | €81 | €1,057 | €2,986 | - | €33 | - |
| Financial charges65/66B | €9,669 | €5,157 | €12,911 | €14,192 | €12,067 | ▼ 15.0% |
| Recurring financial charges65 | €9,669 | €5,157 | €12,911 | €14,192 | €12,067 | ▼ 15.0% |
| Profit (loss) for the period before taxes9903 | €19,703 | €35,160 | €31,982 | €20,669 | -€6,560 | ▼ 132% |
| Income taxes67/77 | - | - | - | - | €51 | - |
| Profit (loss) for the period9904 | €19,703 | €35,160 | €31,982 | €20,669 | -€6,611 | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €19,703 | €35,160 | €31,982 | €20,669 | -€6,611 | ▼ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €791,020 | €812,565 | €821,308 | €808,932 | €809,502 | ▲ 0.1% |
| Fixed assets21/28 | €786,595 | €801,374 | €801,326 | €774,645 | €780,376 | ▲ 0.7% |
| Tangible fixed assets22/27 | €786,595 | €801,374 | €801,326 | €774,645 | €780,376 | ▲ 0.7% |
| Land and buildings22 | €786,595 | €786,595 | €789,053 | €757,067 | €725,082 | ▼ 4.2% |
| Plant, machinery and equipment23 | - | - | - | €8,802 | €6,921 | ▼ 21.4% |
| Furniture and vehicles24 | - | - | €661 | €330 | €48,374 | ▲ 14,545% |
| Leasing and similar rights25 | - | €14,779 | €11,612 | €8,445 | - | - |
| Current assets29/58 | €4,426 | €11,191 | €19,982 | €34,287 | €29,126 | ▼ 15.1% |
| Stocks and contracts in progress3 | €2,500 | €2,500 | €5,000 | €12,133 | - | - |
| Stocks30/36 | €2,500 | €2,500 | €5,000 | €12,133 | - | - |
| Amounts receivable within one year40/41 | €1,442 | €3,180 | €8,008 | - | €6,891 | - |
| Trade receivables40 | €1,442 | €3,180 | €5,361 | - | €6,891 | - |
| Other amounts receivable41 | - | - | €2,647 | - | - | - |
| Cash at bank and in hand54/58 | €483 | €5,511 | - | €22,155 | €22,235 | ▲ 0.4% |
| Deferred charges and accrued income490/1 | - | - | €6,974 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €791,020 | €812,565 | €821,308 | €808,932 | €809,502 | ▲ 0.1% |
| Equity10/15 | -€90,774 | -€55,615 | -€23,633 | -€2,963 | -€9,574 | ▼ 223% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Profit (loss) carried forward14 | -€215,774 | -€180,615 | -€148,633 | -€127,963 | -€134,574 | ▼ 5.2% |
| Amounts payable17/49 | €881,795 | €868,180 | €844,941 | €811,895 | €819,076 | ▲ 0.9% |
| Amounts payable after more than one year17 | €836,261 | €826,274 | €810,024 | €771,743 | €752,953 | ▼ 2.4% |
| Financial debts170/4 | €276,261 | €266,274 | €810,024 | €771,743 | €202,953 | ▼ 73.7% |
| Other amounts payable178/9 | €560,000 | €560,000 | - | - | €550,000 | - |
| Amounts payable within one year42/48 | €45,534 | €41,906 | €34,917 | €40,152 | €66,123 | ▲ 64.7% |
| Current portion of amounts payable after more than one year42 | €20,841 | €23,041 | €19,691 | €18,600 | €15,450 | ▼ 16.9% |
| Trade debts44 | €10,481 | €12,650 | €6,916 | €9,255 | €8,717 | ▼ 5.8% |
| Suppliers440/4 | €10,481 | €12,650 | €6,916 | €9,255 | €8,717 | ▼ 5.8% |
| Advances received on contracts in progress46 | €4,275 | - | €8,310 | €7,280 | €17,315 | ▲ 138% |
| Taxes, remuneration and social security45 | €569 | €2,618 | - | €1,082 | €513 | ▼ 52.6% |
| Taxes450/3 | €569 | €2,618 | - | €1,082 | €513 | ▼ 52.6% |
| Other amounts payable47/48 | €9,368 | €3,597 | - | €3,935 | €24,128 | ▲ 513% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,703 | €35,160 | €31,982 | €20,669 | -€6,611 | ▼ 132% |
| + Depreciation and write-downs630 | €586 | €1,056 | €3,497 | €36,088 | €38,016 | ▲ 5.3% |
| Operating cash flow (approximation) | €20,289 | €36,215 | €35,480 | €56,757 | €31,405 | ▼ 44.7% |
| Investment in fixed assets (approximation) | - | -€15,835 | -€3,449 | -€9,407 | -€43,747 | ▼ 365% |
| Change in cash | - | €5,027 | - | - | €80 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €51,671 ▲170%
Net result €51,671, the highest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Back to profitnet €19,136
Net result €19,136 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 1985
Ground area
4,685 m²
Building footprint
338 m²
Parcel 36492A1097/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
COSY OUTDOOR COOKING (COC)+DE WEZE HOEVE
since 19852.026.758.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A1097/00E000 | Flanders | 4,685 m² | 1 · 338 m² | - |
Linked by address, not proof of ownership
Good to know
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 siteIzegem2.026.758.085
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-03-1985
Fiscal year end31-12
Abbreviation NL
"COC" en "DE WEZE HOEVE"
Trade name NL
"SERFICO" en "COSY OUTDOOR COOKING"
Activities, NACEBEL 2025
56210Event catering
55100Hotels and similar accommodation
93110Operation of sports facilities
93129Activities of other sports clubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426957871
Also
9925:BE0426957871
Registered
13-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.