HAPPY ROYAL
ActiveThe computed 12-month bankruptcy probability of HAPPY ROYAL is 1.9% (moderate). The annual accounts of HAPPY ROYAL for fiscal year 2024 show a net loss of 112% of total assets and of 55% of the equity at the start of that year. The 2024 annual accounts show equity of €10k and a net result of €-12k. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 6162 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.55 against 1.71 in 2023; short-term debt: 6.7% of total assets), and 6.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · 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 2024Solvency, return and age of the figures
Solvency
93.3%
Return on assets
-111.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-12k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
84 d late
2022
28 d early
2021
32 d late
2020
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€2k▼ 95.6%
2020 · €38k
2020: €38k
2020 → 2021
EBIT margin
-186.7%▼ 197.2pp
2020 · 10.6%
2020: 10.6%
2020 → 2021
Net result
€-12k▼ 81.4%
2023 · €-7k
2020: €4k
2021: €1k
2022: €-850
2023: €-7k
2020 → 2024
Working capital
€407▼ 91.9%
2023 · €5k
2020: €-790
2021: €-1k
2022: €3k
2023: €5k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€38k-€2k▼ 95.6%
Equity€29k-€30k▲ 4.4%€29k▼ 2.8%€23k▼ 23.1%€10k▼ 54.5%
Operating result€4k-€-3k€-1k▲ 60.6%€-6k▼ 386%€-12k▼ 97.9%
Net result€4k-€1k▼ 66.9%€-850€-7k▼ 696%€-12k▼ 81.4%
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 €12k in 2024 against €6k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11k
Fixed assets
€10k▼ 43.8%
Current assets
€1k▼ 90.5%
Equity and liabilities €11k
Equity
€10k▼ 54.5%
Debt
€734▼ 89.6%
The debt ratio falls from 23.9% to 6.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2023 · €-320
Cash flow
€-8k▼
2023 · €-1k
Solvency
93.3%▲
2023 · 76.1%
Current ratio
1.55▼
2023 · 1.71
Quick ratio
1.55▲
2023 · 1.25
Debt / equity
0.07▼
2023 · 0.31
ROE
-119.9%▼
2023 · -30.1%
ROA
-111.9%▼
2023 · -22.9%
Interest coverage
-21.24▼
2023 · -0.73
Debt
€734▼
2023 · €7k
Debt ≤ 1 year
€734▼
2023 · €7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€30k€11k▼
Fixed assets21/28€17k€10k▼
Tangible fixed assets22/27€14k€10k▼
Plant, machinery and equipment23€14k€10k▼
Furniture and vehicles24€560-
Financial fixed assets28€3k-
Current assets29/58€12k€1k▼
Stocks and contracts in progress3€3k-
Stocks30/36€3k-
Amounts receivable within one year40/41€9k€1k▼
Trade receivables40€4k€450▼
Other amounts receivable41€5k€691▼
Equity and liabilities
Total equity and liabilities10/49€30k€11k▼
Equity10/15€23k€10k▼
Contributions10/11€25k€25k=
Profit (loss) carried forward14€-3k€-15k▼
Amounts payable17/49€7k€734▼
Amounts payable within one year42/48€7k€734▼
Trade debts44€438€639▲
Suppliers440/4€438€639▲
Taxes, remuneration and social security45€7k€95▼
Taxes450/3€7k€95▼
Income statement
Code20232024
Non-recurring operating income76A€283€11▼
Goods, raw materials, services and sundry goods60/61-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€900-
Gross operating margin9900€580€-4k▼
Operating profit (loss)9901€-6k€-12k▼
Financial income75/76B€332-
Recurring financial income75€332-
Non-recurring financial income76B€332-
Financial charges65/66B€1k€358▼
Recurring financial charges65€437€358▼
Non-recurring financial charges66B€638€358▼
Profit (loss) for the period before taxes9903€-7k€-12k▼
Profit (loss) for the period9904€-7k€-12k▼
Profit (loss) for the period to be appropriated9905€-7k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-15k▼
Profit (loss) brought forward from the previous period14P€4k€-3k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Halle · 1 establishment unit since 2019
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.
Alsembergsesteenweg 1221501 HalleGround area
1,575 m²
Building footprint
495 m²
Volume, LiDAR
7,939 m³
2 parcels, Brussels, Flanders · tallest building 31.9 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
HAPPY ROYAL SRL
since 20192.294.893.702
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23013A0122/00E008 | Flanders | 1,054 m² | 1 · 256 m² | 11.6 m · 1 fl. |
| 21807G0148/00Z003 | Brussels | 520 m² | 1 · 238 m² | 31.9 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 24,862 companies in sector 96220 we hold annual accounts for 1,441. 1,083 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2019
Fiscal year end31-12
Activities, NACEBEL
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.