Happy M
ActiveHappy M has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-103k) and a net result of €-13k. Equity is shrinking by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-38
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.26 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
-227.8%
Return on assets
-28.2%
Age of the figures
11 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€103k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
324 d late
2023
on the day
2022
2 d early
2021
1 d early
2020
31 d early
2019
40 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-103k▼ 14.2%
2024 · €-90k
2019: €-65k
2020: €-9k
2021: €-34k
2022: €-68k
2023: €-37k
2024: €-90k
2019 → 2025
Total assets
€45k▲ 40.2%
2024 · €32k
2019: €59k
2020: €47k
2021: €49k
2022: €54k
2023: €98k
2024: €32k
2019 → 2025
Net result
€-13k▲ 76.0%
2024 · €-53k
2019: €-285k
2020: €56k
2021: €-26k
2022: €-33k
2023: €31k
2024: €-53k
2019 → 2025
Working capital
€-103k▼ 14.2%
2024 · €-90k
2019: €-65k
2020: €-9k
2021: €-34k
2022: €-66k
2023: €-37k
2024: €-90k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-34k-€-68k▼ 97.3%€-37k▲ 45.4%€-90k▼ 144%€-103k▼ 14.2%
Operating result€-23k-€-31k▼ 30.7%€-5k▲ 82.6%€-16k▼ 194%€-10k▲ 37.3%
Net result€-26k-€-33k▼ 29.5%€31k€-53k€-13k▲ 76.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €16k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-227.8%▲
2024 · -279.9%
Current ratio
0.31▲
2024 · 0.26
Quick ratio
0.31▲
2024 · 0.26
Debt / equity
-1.44▼
2024 · -1.36
ROE
12.4%▼
2024 · 59.0%
ROA
-28.2%▲
2024 · -165.2%
Debt
€148k▲
2024 · €123k
Debt ≤ 1 year
€148k▲
2024 · €123k
Income taxes
€0▼
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€32k€45k▲
Current assets29/58€32k€45k▲
Amounts receivable within one year40/41€29k€44k▲
Trade receivables40€18k€32k▲
Other amounts receivable41€11k€13k▲
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€32k€45k▲
Equity10/15€-90k€-103k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-105k€-117k▼
Amounts payable17/49€123k€148k▲
Amounts payable within one year42/48€123k€148k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€121k€146k▲
Income statement
Code20242025
Other operating charges640/8€2k€592▼
Gross operating margin9900€-14k€-9k▲
Operating profit (loss)9901€-16k€-10k▲
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-18k€-13k▲
Income taxes67/77€35k€0▼
Profit (loss) for the period9904€-53k€-13k▲
Profit (loss) for the period to be appropriated9905€-53k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-105k€-117k▼
Profit (loss) brought forward from the previous period14P€-51k€-105k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 324 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Antwerpen · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jordaenskaai 242000 AntwerpenGround area
473 m²
Building footprint
410 m²
Volume, LiDAR
8,161 m³
Parcel 11002A1671/00N000, Flanders · tallest building 28.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Jordaenskaai 24, 2000 Antwerpen
since 20162.249.852.147
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1671/00N000 | Flanders | 473 m² | 1 · 410 m² | 28.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 39,319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2016
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.