HAMBRE
ActiveSummary
The computed 12-month bankruptcy probability of HAMBRE is 2.1% (moderate). The 2026 annual accounts show negative equity (-€15,899) and a net result of €21,645. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 20% of 236 sector peers (fiscal year 2026). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability73▲+21
Solvency22▲+2
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.68 in 2025; short-term debt: 57.9% and cash: 11.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 236 sector peers (2026).
NBB · sector comparisonPosition among 236 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
47 d early
2025
32 d early
2024
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 33 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
-€15,899▲ 57.7%
2025 · -€37,544
Total assets
€613,317▼ 21.9%
2025 · €785,105
Net result
€21,645
2025 · -€6,999
Working capital
-€126,016▲ 19.4%
2025 · -€156,314
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202420252026
Operating result-€2,756-€12,620€40,871▲ 224%
Net result-€33,044below the sector's middle half--€6,999below the sector's middle half▲ 78.8%€21,645
Equity-€30,544below the sector's middle half--€37,544below the sector's middle half▼ 22.9%-€15,899▲ 57.7%
Total assets€710,484within the sector's middle half-€785,105within the sector's middle half▲ 10.5%€613,317▼ 21.9%
Debt€741,028-€822,649▲ 11.0%€629,215▼ 23.5%
Working capital-€228,802--€156,314▲ 31.7%-€126,016▲ 19.4%
Solvency-4.3%below the sector's middle half--4.8%below the sector's middle half▼ 0.5pp-2.6%▲ 2.2pp
Staff (FTE)2.1within the sector's middle half-1.6within the sector's middle half▼ 23.8%2▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2026 is 224% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €613,317
Fixed assets
€384,462 ▼ 15.2%
Current assets
€228,855 ▼ 31.0%
Key figures and ratios
EBITDA
€114,991▲
2025 · €81,880
Cash flow
€95,765▲
2025 · €62,260
Current ratio
0.64▼
2025 · 0.68
Quick ratio
0.32▼
2025 · 0.42
Debt to equity
-39.58▼
2025 · -21.91
ROA
3.5%▲
2025 · -0.9%
Interest coverage
6.23▲
2025 · 4.11
Debt ≤ 1 year
€354,870▼
2025 · €488,201
Debt > 1 year
€274,345▼
2025 · €334,448
Income taxes
€981
Staff costs
€73,234▲
2025 · €52,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 3.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
3.7%
went bankrupt
2.3%
stopped otherwise
92%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,662 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% | 1.7% |
| 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 75% 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 516 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 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €108,793 | €52,143 | €73,234 | ▲ 40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,925 | €69,260 | €74,120 | ▲ 7.0% |
| Other operating charges640/8 | €2,823 | €2,265 | €1,634 | ▼ 27.8% |
| Gross operating margin9900 | €189,783 | €136,288 | €189,859 | ▲ 39.3% |
| Operating profit (loss)9901 | -€2,756 | €12,620 | €40,871 | ▲ 224% |
| Financial income75/76B | €1,204 | €292 | €199 | ▼ 31.9% |
| Recurring financial income75 | €1,204 | €292 | €199 | ▼ 31.9% |
| Financial charges65/66B | €31,491 | €19,912 | €18,444 | ▼ 7.4% |
| Recurring financial charges65 | €31,491 | €19,912 | €18,444 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | -€33,044 | -€6,999 | €22,626 | ▲ 423% |
| Income taxes67/77 | - | - | €981 | - |
| Profit (loss) for the period9904 | -€33,044 | -€6,999 | €21,645 | ▲ 409% |
| Profit (loss) for the period to be appropriated9905 | -€33,044 | -€6,999 | €21,645 | ▲ 409% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €710,484 | €785,105 | €613,317 | ▼ 21.9% |
| Fixed assets21/28 | €474,304 | €453,219 | €384,462 | ▼ 15.2% |
| Tangible fixed assets22/27 | €474,304 | €453,219 | €384,462 | ▼ 15.2% |
| Plant, machinery and equipment23 | €452,493 | €430,082 | €369,065 | ▼ 14.2% |
| Furniture and vehicles24 | €21,811 | €23,136 | €15,397 | ▼ 33.5% |
| Current assets29/58 | €236,181 | €331,887 | €228,855 | ▼ 31.0% |
| Stocks and contracts in progress3 | €123,044 | €126,620 | €114,312 | ▼ 9.7% |
| Stocks30/36 | €123,044 | €126,620 | €114,312 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €12,344 | €32,190 | €43,747 | ▲ 35.9% |
| Trade receivables40 | €562 | €10,272 | €32,159 | ▲ 213% |
| Other amounts receivable41 | €11,782 | €21,918 | €11,588 | ▼ 47.1% |
| Cash at bank and in hand54/58 | €78,129 | €147,932 | €67,863 | ▼ 54.1% |
| Deferred charges and accrued income490/1 | €22,662 | €25,144 | €2,932 | ▼ 88.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €710,484 | €785,105 | €613,317 | ▼ 21.9% |
| Equity10/15 | -€30,544 | -€37,544 | -€15,899 | ▲ 57.7% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€33,044 | -€40,044 | -€18,399 | ▲ 54.1% |
| Amounts payable17/49 | €741,028 | €822,649 | €629,215 | ▼ 23.5% |
| Amounts payable after more than one year17 | €276,046 | €334,448 | €274,345 | ▼ 18.0% |
| Financial debts170/4 | €276,046 | €334,448 | €274,345 | ▼ 18.0% |
| Amounts payable within one year42/48 | €464,982 | €488,201 | €354,870 | ▼ 27.3% |
| Current portion of amounts payable after more than one year42 | €51,565 | €53,599 | €55,712 | ▲ 3.9% |
| Trade debts44 | €404,453 | €423,961 | €274,989 | ▼ 35.1% |
| Suppliers440/4 | €404,453 | €423,961 | €274,989 | ▼ 35.1% |
| Taxes, remuneration and social security45 | €8,964 | €7,402 | €22,447 | ▲ 203% |
| Taxes450/3 | €2,764 | €5,774 | €7,185 | ▲ 24.4% |
| Remuneration and social security454/9 | €6,201 | €1,628 | €15,262 | ▲ 838% |
| Other amounts payable47/48 | - | €3,240 | €1,722 | ▼ 46.9% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,044 | -€6,999 | €21,645 | ▲ 409% |
| + Depreciation and write-downs630 | €80,925 | €69,260 | €74,120 | ▲ 7.0% |
| Operating cash flow (approximation) | €47,880 | €62,260 | €95,765 | ▲ 53.8% |
| Investment in fixed assets (approximation) | - | -€48,174 | -€5,363 | ▲ 88.9% |
| Change in cash | - | €69,803 | -€80,069 | ▼ 215% |
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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Back to profitnet €21,645
Net result €21,645 after 2 loss-making years.
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
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, Dendermonde · 1 establishment unit since 2022
Ground area
823 m²
Building footprint
496 m²
Volume, LiDAR
2,696 m³
Parcel 42016C0493/00H002, Flanders · tallest building 11.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HAMBRE
since 20222.337.486.501
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42016C0493/00H002 | Flanders | 823 m² | 1 · 496 m² | 11.7 m · 1 fl. |
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 siteDendermonde2.337.486.501
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 1,674 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2022
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792899873
Also
9925:BE0792899873
Registered
03-08-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.