HAMRO
ActiveSummary
The computed 12-month bankruptcy probability of HAMRO is 1.8% (moderate). The 2025 annual accounts show equity of €164k and a net result of €-25k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 3705 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability6▼-71
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.61 against 14.83 in 2023; short-term debt: 19.3% and cash: 0.1% of total assets), and 19.3% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
45 d late
2023
51 d early
2022
56 d early
2021
60 d late
2019
146 d late
2018
48 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€164k▼ 6.5%
2023 · €175k
Total assets
€203k▲ 9.3%
2023 · €186k
Net result
€-25k
2023 · €12k
Working capital
€102k▼ 28.6%
2023 · €143k
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
Line20192021202220232025
Operating result€23k▲ 58.1%€82k-€-27k€34k€-24k-
Net result€23k▲ 289%€82k-€-27k€12k€-25k-
Equity€47k▲ 92.5%€191k-€164k▼ 14.4%€175k▲ 7.2%€164k-
Total assets€47k▲ 70.8%€205k-€345k▲ 68.1%€186k▼ 46.2%€203k-
Debt€109▼ 96.5%€14k-€182k▲ 1,165%€10k▼ 94.3%€39k-
Working capital€19k▼ 23.2%€162k-€131k▼ 19.0%€143k▲ 9.2%€102k-
Staff (FTE)34-
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-24k in 2025, compared with €34k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €203k
Fixed assets
€62k ▲ 91.4%
Current assets
€141k ▼ 8.0%
Equity and liabilities €203k
Equity
€164k ▼ 6.5%
Debt
€39k ▲ 278%
Debt's share of the balance-sheet total rises from 5.6% to 19.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.61▼
2023 · 14.83
Debt to equity
0.24▲
2023 · 0.06
ROE
-15.5%▼
2023 · 6.7%
ROA
-12.5%▼
2023 · 6.3%
Debt ≤ 1 year
€39k▲
2023 · €10k
Staff costs
€129k▲
2023 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €61k | €156k | €104k | €129k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €921 | €9k | - | - |
| Other operating charges640/8 | - | €617 | - | €1k | €1k | - |
| Gross operating margin9900 | €28k | €144k | €130k | €149k | €106k | - |
| Operating profit (loss)9901 | €23k | €82k | €-27k | €34k | €-24k | - |
| Financial charges65/66B | - | €226 | €379 | €788 | €1k | - |
| Recurring financial charges65 | - | €226 | €379 | €788 | €1k | - |
| Profit (loss) for the period before taxes9903 | €23k | €82k | €-27k | €33k | €-25k | - |
| Income taxes67/77 | - | - | - | €22k | - | - |
| Profit (loss) for the period9904 | €23k | €82k | €-27k | €12k | €-25k | - |
| Profit (loss) for the period to be appropriated9905 | €23k | €82k | €-27k | €12k | €-25k | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €205k | €345k | €186k | €203k | - |
| Fixed assets21/28 | €28k | €29k | €33k | €32k | €62k | - |
| Tangible fixed assets22/27 | €28k | €29k | €33k | €32k | €62k | - |
| Land and buildings22 | - | - | - | €1k | €1k | - |
| Plant, machinery and equipment23 | - | €8k | €11k | €15k | €17k | - |
| Furniture and vehicles24 | - | €22k | €22k | €16k | €43k | - |
| Financial fixed assets28 | €2 | €2 | €2 | €2 | €2 | - |
| Current assets29/58 | €19k | €176k | €313k | €153k | €141k | - |
| Amounts receivable within one year40/41 | €18k | €176k | €312k | €153k | €141k | - |
| Trade receivables40 | - | €155k | €268k | €130k | €113k | - |
| Other amounts receivable41 | - | €20k | €44k | €23k | €28k | - |
| Cash at bank and in hand54/58 | €284 | €286 | €284 | €286 | €278 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €205k | €345k | €186k | €203k | - |
| Equity10/15 | €47k | €191k | €164k | €175k | €164k | - |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | - |
| Profit (loss) carried forward14 | €28k | €172k | €145k | €157k | €145k | - |
| Amounts payable17/49 | €109 | €14k | €182k | €10k | €39k | - |
| Amounts payable within one year42/48 | €109 | €14k | €182k | €10k | €39k | - |
| Trade debts44 | €109 | €4k | €182k | €10k | €10k | - |
| Suppliers440/4 | - | €4k | €182k | €10k | €10k | - |
| Taxes, remuneration and social security45 | - | €10k | - | - | €29k | - |
| Taxes450/3 | - | €10k | - | - | €23k | - |
| Remuneration and social security454/9 | - | - | - | - | €6k | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €82k | €-27k | €12k | €-25k | - |
| + Depreciation and write-downs630 | - | - | €921 | €9k | - | - |
| Operating cash flow (approximation) | €23k | €82k | €-27k | €21k | €-25k | - |
| Investment in fixed assets (approximation) | - | - | €-4k | €-9k | - | - |
| Change in cash | - | - | €-2 | €2 | - | - |
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
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 45 days late
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 14.83
Current ratio from 1.72 to 14.83; short-term debt falls from €182k to €10k.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Highest result since 2018net €82k ▲262%
Operating result €82k, net result €82k, both a record.
31-12
Financial
Equity above €150kEq €191k ▲307%
3 profitable years in a row build equity to €191k.
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 146 days late
2019
31-12
Financial
Liquidity times 20current ratio 172.15
Current ratio from 8.69 to 172.15; short-term debt falls from €3k to €109.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Kapellen · 1 establishment unit since 2017
Ground area
81 m²
Building footprint
129 m²
Volume, LiDAR
540 m³
Parcel 11902G0016/00V010, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sushi Royal
since 20172.264.371.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902G0016/00V010 | Flanders | 81 m² | 1 · 129 m² | 8.7 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 siteKapellen (Antw.)2.264.371.067
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,778. 7,094 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
info@sushiroyal.be
Scores and ratios are computed by Checked and are not a credit decision.