HAPPY LOG
ActiveSummary
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 83% of 52 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability80▼-20
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 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.
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Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
75.2%
Return on assets
17.2%
Age of the figures
8 mo
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 filingsDeviation 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 monthsPosition in the running window
01-10-2026 today31-01-2027 close31-08-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€138,236▼ 81.1%
2025 · €732,722
Working capital
€756,217▼ 7.5%
2025 · €817,374
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€143,484-€21,767€29,649€945,050▲ 3,087%-€27,863
Net result€131,408above the sector's middle half-€22,144below the sector's middle half€14,312within the sector's middle half€732,722above the sector's middle half▲ 5,020%€138,236▼ 81.1%
Equity€1.1mabove the sector's middle half▲ 13.5%€1.1mabove the sector's middle half▼ 2.0%€1.1mabove the sector's middle half▲ 1.3%€626,982above the sector's middle half▼ 42.7%€605,703▼ 3.4%
Total assets€2.4mabove the sector's middle half▼ 0.7%€2.4mabove the sector's middle half▲ 0.5%€2.4mabove the sector's middle half▲ 0.4%€831,577above the sector's middle half▼ 65.4%€805,686▼ 3.1%
Debt€1.3m▼ 10.4%€1.3m▲ 2.6%€1.3m▼ 0.4%€5,203▼ 99.6%€40,469▲ 678%
Working capital€69,049above the sector's middle half€63,781above the sector's middle half▼ 7.6%€123,901above the sector's middle half▲ 94.3%€817,374above the sector's middle half▲ 560%€756,217▼ 7.5%
Solvency46.2%within the sector's middle half▲ 5.8pp45.1%within the sector's middle half▼ 1.1pp45.5%within the sector's middle half▲ 0.4pp75.4%above the sector's middle half▲ 29.9pp75.2%▼ 0.2pp
Current ratio1.40within the sector's middle half▲ 0.751.31within the sector's middle half▼ 0.091.62within the sector's middle half▲ 0.3119.69
Return on assets (ROA)5.5%within the sector's middle half▲ 6.1pp-0.9%within the sector's middle half▼ 6.4pp0.6%within the sector's middle half▲ 1.5pp88.1%above the sector's middle half▲ 87.5pp17.2%▼ 71.0pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2026 Net result -81% on 2025. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €27,863 after €945,050 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €805,686
Fixed assets
€9,000 =
Current assets
€796,686 ▼ 3.1%
Equity and liabilities €805,686
Equity
€605,703 ▼ 3.4%
Provisions
€159,514 ▼ 20.0%
Debt
€40,469 ▲ 678%
Debt's share of the balance-sheet total rises from 0.6% to 5.0%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.07▲
2025 · 0.01
ROE
22.8%▼
2025 · 116.9%
Debt ≤ 1 year
€40,469▲
2025 · €5,203
Income taxes
€33,067▲
2025 · €12,374
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €151 | €236 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,422 | €45,789 | €45,809 | - | - | - |
| Other operating charges640/8 | €5,341 | €9,400 | €8,294 | €4,454 | €460 | ▼ 89.7% |
| Gross operating margin9900 | €191,247 | €33,573 | €83,989 | €949,505 | -€27,403 | ▼ 103% |
| Operating profit (loss)9901 | €143,484 | -€21,767 | €29,649 | €945,050 | -€27,863 | ▼ 103% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | - | - | - | €1 | - | - |
| Financial charges65/66B | €12,075 | €377 | €15,338 | €562 | €226 | ▼ 59.7% |
| Recurring financial charges65 | €12,075 | €377 | €15,338 | €562 | €226 | ▼ 59.7% |
| Profit (loss) for the period before taxes9903 | €131,408 | -€22,144 | €14,312 | €944,489 | -€28,090 | ▼ 103% |
| Transfer from deferred taxes780 | - | - | - | - | €199,392 | - |
| Transfer to deferred taxes680 | - | - | - | €199,392 | - | - |
| Income taxes67/77 | - | - | - | €12,374 | €33,067 | ▲ 167% |
| Profit (loss) for the period9904 | €131,408 | -€22,144 | €14,312 | €732,722 | €138,236 | ▼ 81.1% |
| Transfer to tax-exempt reserves689 | - | - | - | €797,570 | - | - |
| Profit (loss) for the period to be appropriated9905 | €131,408 | -€22,144 | €14,312 | -€64,848 | €138,236 | ▲ 313% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.4m | €2.4m | €831,577 | €805,686 | ▼ 3.1% |
| Fixed assets21/28 | €2.1m | €2.1m | €2.1m | €9,000 | €9,000 | = |
| Intangible fixed assets21 | - | €12,838 | €9,838 | - | - | - |
| Tangible fixed assets22/27 | €2.1m | €2.1m | €2.1m | - | - | - |
| Land and buildings22 | €2.1m | €2.1m | €2.1m | - | - | - |
| Plant, machinery and equipment23 | - | €5,784 | €4,065 | - | - | - |
| Furniture and vehicles24 | €1,780 | - | - | - | - | - |
| Other tangible fixed assets26 | - | €6,668 | €5,964 | - | - | - |
| Financial fixed assets28 | - | - | - | €9,000 | €9,000 | = |
| Current assets29/58 | €241,614 | €269,876 | €324,842 | €822,577 | €796,686 | ▼ 3.1% |
| Amounts receivable after more than one year29 | €218,978 | €218,978 | €305,769 | €352,301 | €677,958 | ▲ 92.4% |
| Trade receivables290 | €218,978 | - | - | - | - | - |
| Other amounts receivable291 | - | €218,978 | €305,769 | €352,301 | €677,958 | ▲ 92.4% |
| Amounts receivable within one year40/41 | - | €47,998 | €11,433 | €26,965 | €28,670 | ▲ 6.3% |
| Trade receivables40 | - | €843 | €11,433 | €25,433 | €26,885 | ▲ 5.7% |
| Other amounts receivable41 | - | €47,154 | - | €1,532 | €1,785 | ▲ 16.5% |
| Cash at bank and in hand54/58 | €22,635 | €1,917 | €5,605 | €441,054 | €88,521 | ▼ 79.9% |
| Deferred charges and accrued income490/1 | - | €983 | €2,035 | €2,257 | €1,536 | ▼ 32.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.4m | €2.4m | €831,577 | €805,686 | ▼ 3.1% |
| Equity10/15 | €1.1m | €1.1m | €1.1m | €626,982 | €605,703 | ▼ 3.4% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Revaluation surpluses12 | €1.2m | €1.2m | €1.2m | - | - | - |
| Reserves13 | €7,437 | €7,437 | €7,437 | €805,007 | €645,493 | ▼ 19.8% |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Tax-exempt reserves132 | - | - | - | €797,570 | €638,056 | ▼ 20.0% |
| Profit (loss) carried forward14 | -€179,713 | -€201,857 | -€187,545 | -€252,393 | -€114,157 | ▲ 54.8% |
| Provisions and deferred taxes16 | - | - | - | €199,392 | €159,514 | ▼ 20.0% |
| Deferred taxes168 | - | - | - | €199,392 | €159,514 | ▼ 20.0% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.3m | €5,203 | €40,469 | ▲ 678% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €1.1m | - | - | - |
| Financial debts170/4 | €1.1m | €1.1m | €1.1m | - | - | - |
| Amounts payable within one year42/48 | €172,565 | €206,095 | €200,941 | €5,203 | €40,469 | ▲ 678% |
| Current portion of amounts payable after more than one year42 | €132,081 | €132,081 | €132,081 | - | - | - |
| Trade debts44 | €32,894 | €57,735 | €55,879 | €5,129 | €7,401 | ▲ 44.3% |
| Suppliers440/4 | €32,894 | €57,735 | €55,879 | €5,129 | €7,401 | ▲ 44.3% |
| Advances received on contracts in progress46 | - | - | €5,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €13,289 | €4,991 | €74 | €33,067 | ▲ 44,513% |
| Taxes450/3 | - | €13,289 | €4,991 | €74 | €33,067 | ▲ 44,513% |
| Other amounts payable47/48 | €7,590 | €2,990 | €2,990 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €131,408 | -€22,144 | €14,312 | €732,722 | €138,236 | ▼ 81.1% |
| + Depreciation and write-downs630 | €42,422 | €45,789 | €45,809 | - | - | - |
| Operating cash flow (approximation) | €173,831 | €23,646 | €60,121 | €732,722 | €138,236 | ▼ 81.1% |
| Investment in fixed assets (approximation) | - | -€28,914 | €0 | €2.1m | €0 | ▼ 100% |
| Change in cash | - | -€20,718 | €3,688 | €435,448 | -€352,532 | ▼ 181% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
Financial
Highest result since 2019net €732,722 ▲5,020%
Operating result €945,050, net result €732,722, both a record.
31-01
Financial
Liquidity times 98current ratio 158.10
Current ratio from 1.62 to 158.10; short-term debt falls from €200,941 to €5,203.
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 314 days late
31-01
Financial
Back to profitnet €14,312
Net result €14,312 after one loss-making year.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-01
Financial
Back to profitnet €131,408
Net result €131,408 after 2 loss-making years.
31-01
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.65 to 1.40; short-term debt falls from €320,962 to €172,565.
31-01
Financial
Equity above €1mEq €1.1m ▲13.5%
Equity rises from €971,247 to €1.1m.
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
31-01
Financial
Weakest financial yearnet -€48,797
Net result drops to -€48,797, the lowest in the series; recovery starts the following year.
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
No directors read yet: 0 of 19 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 1993
Ground area
3.9 ha
Building footprint
1,731 m²
Volume, LiDAR
30,696 m³
2 parcels, Brussels · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
107
companies at this address
See who is registered here
1 establishment unit
TIGER
since 19932.063.804.761
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 fl. |
| 21362B0278/00P008 | Brussels | 382 m² | 1 · 153 m² | 17.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,991 companies in this sector we hold annual accounts for 4,899. 1,792 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded19-07-1993
Fiscal year end31-01
Activities, NACEBEL 2025
56301Cafés and bars
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450626762
Also
9925:BE0450626762
Registered
12-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.