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HAPPY LOG

Active
Public limited companyfounded 199333 yrs activePaapsemlaan 20, 1070 Anderlecht, BelgiumKBO/BCE: BE 0450.626.762
Summary

HAPPY LOG has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €605,703 and a net result of €138,236. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 85% of 57 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
HAPPY LOGActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301NACE 55301
1 site
Size
€805,686total assets 2026
Equity
€605,703
Profit
€138,236
Net result -81%: other schema
Financial health
95 Excellent Checked score 2026
Bankruptcy chance 12 m
0.1%
Structure
Accounts 12 d early0 of 19 deeds read
Why 95- Sector Food and beverage service activities (NACE 56)+ Founded in 1993+ Size: total assets €805,686+ Equity €605,703 (75.2% of total assets)Show the evidence

Checked score

Score 2026
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 66% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Strong
Solvency 100=
equity 75.2% of total assets
Liquidity 64-36
short-term debt 5.0% · cash 11.0%
Profitability 80-20
return on assets 17.2%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,449 companies)
Last 23 months 12-2024: 0.4% 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%● 0.0% vs 01-2025 03-2025: 0.5%▲ +1.3% vs 02-2025 04-2025: 0.5%▲ +3.1% vs 03-2025 05-2025: 0.5%▼ -2.4% vs 04-2025 06-2025: 0.5%▲ +6.2% vs 05-2025 07-2025: 0.5%▼ -3.1% vs 06-2025 08-2025: 0.6%▲ +26.8% vs 07-2025highest value 09-2025: 0.1%▼ -88.5% vs 08-2025 10-2025: 0.1%▼ -4.4% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▼ -1.5% vs 12-2025 02-2026: 0.1%● 0.0% vs 01-2026 03-2026: 0.1%▲ +1.6% vs 02-2026 04-2026: 0.1%▲ +4.6% vs 03-2026 05-2026: 0.1%▼ -5.9% vs 04-2026 06-2026: 0.1%▼ -1.6% vs 05-2026 07-2026: 0.1%▼ -4.8% vs 06-2026lowest value 08-2026: 0.1%▲ +25.0% vs 07-2026 09-2026: 0.1%▲ +42.7% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Sector Food and beverage service activities (NACE 56) raises the probability
  • Founded in 1993 lowers the probability for this profile
  • Size: total assets €805,686 lowers the probability for this profile
  • Equity €605,703 (75.2% of total assets) lowers the probability
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 19.69; short-term debt: 5% and cash: 11% of total assets), and 24.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 94%, liquidity 68%, profitability 66%, growth against the median 36%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1993
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €805,686
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Equity €605,703 (75.2% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 19-08-2026, 12 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
12 d early
2025
9 d early
2024
52 d early
2023
314 d late
2022
on the day
2021
5 d early
2020
67 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 43 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 22 August (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-01-2027 close31-08-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · abbreviated…
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Highest result since 2019net €732,722 ▲5,020%

Key points

  • Caution: Result fell in 2026different schema filed ▼ 81.1% View
  • Positive: Among the best 9% on equitysector median €146,164 · 57 companies €605,703 View
  • Active since 1993founded 19-07-1993 33 years View

By topic

Financials

Fiscal year
2026
Total assets
€805,686
Profit
€138,236
Solvency
75.2%
Total assets▼ 3.1%
Net result
20192026
Go to Financials

Timeline

Events
17
Since
2017
Next accounts
by 31-08-2027
  1. 19-08-2026Annual accounts filed
  2. 22-08-2025Annual accounts filed
  3. 31-01-2025Highest result since 2019
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Cafés and barsNACE 56301
Founded
19-07-1993
Year ends
31-01
Peppol
Reachable for e-invoices
Go to Company details

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