Happy Sad
ActiveHappy Sad has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72k and a net result of €1k. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-29
Solvency100=
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 22.13 against 12.43 in 2023; short-term debt: 3.9% and cash: 81.2% of total assets), and 3.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
8 d early
2022
47 d early
2021
51 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€72k▲ 2.0%
2023 · €71k
2021: €4k
2022: €48k
2023: €71k
2021 → 2024
Total assets
€75k▼ 2.4%
2023 · €77k
2021: €12k
2022: €62k
2023: €77k
2021 → 2024
Net result
€1k▼ 94.0%
2023 · €23k
2021: €3k
2022: €44k
2023: €23k
2021 → 2024
Working capital
€62k▼ 11.5%
2023 · €70k
2021: €4k
2022: €47k
2023: €70k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€4k-€48k▲ 1,092%€71k▲ 48.4%€72k▲ 2.0%
Operating result€3k-€55k▲ 1,599%€30k▼ 46.3%€2k▼ 92.4%
Net result€3k-€44k▲ 1,580%€23k▼ 47.2%€1k▼ 94.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 92% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €75k
Fixed assets
€10k▲ 1,763%
Current assets
€65k▼ 14.8%
Equity and liabilities €75k
Equity
€72k▲ 2.0%
Debt
€3k▼ 52.1%
The debt ratio falls from 8.0% to 3.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3k▼
2023 · €30k
Cash flow
€3k▼
2023 · €23k
Solvency
96.1%▲
2023 · 92.0%
Current ratio
22.13▲
2023 · 12.43
Quick ratio
22.13▲
2023 · 12.43
Debt / equity
0.04▼
2023 · 0.09
ROE
1.9%▼
2023 · 32.6%
ROA
1.8%▼
2023 · 30.0%
Interest coverage
16.57▼
2023 · 6711.28
Debt
€3k▼
2023 · €6k
Debt ≤ 1 year
€3k▼
2023 · €6k
Income taxes
€648▼
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€77k€75k▼
Fixed assets21/28€538€10k▲
Tangible fixed assets22/27€538€10k▲
Plant, machinery and equipment23€538€145▼
Furniture and vehicles24-€10k
Current assets29/58€76k€65k▼
Amounts receivable within one year40/41€18k€4k▼
Trade receivables40€18k€313▼
Other amounts receivable41-€4k
Cash at bank and in hand54/58€58k€61k▲
Equity and liabilities
Total equity and liabilities10/49€77k€75k▼
Equity10/15€71k€72k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€68k€69k▲
Amounts payable17/49€6k€3k▼
Amounts payable within one year42/48€6k€3k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Other amounts payable47/48€121€600▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€393€1k▲
Other operating charges640/8€309€118▼
Gross operating margin9900€30k€4k▼
Operating profit (loss)9901€30k€2k▼
Financial income75/76B€40-
Recurring financial income75€40-
Financial charges65/66B€4€206▲
Recurring financial charges65€4€206▲
Profit (loss) for the period before taxes9903€30k€2k▼
Income taxes67/77€7k€648▼
Profit (loss) for the period9904€23k€1k▼
Profit (loss) for the period to be appropriated9905€23k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€69k▲
Profit (loss) brought forward from the previous period14P€45k€68k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €1k ▼94%
Net result drops to €1k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 12.43
Current ratio from 4.37 to 12.43; short-term debt falls from €14k to €6k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €44k ▲1580%
Operating result €55k, net result €44k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.37
Current ratio from 1.51 to 4.37.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 2021
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.
Generaal Van Merlenstraat 112600 AntwerpenGround area
43 m²
Building footprint
35 m²
Volume, LiDAR
371 m³
Parcel 11302D1290/00Y011, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Happy Sad
since 20212.325.653.687
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302D1290/00Y011 | Flanders | 43 m² | 1 · 35 m² | 11.2 m · 3 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 6,655 companies in sector 90111 we hold annual accounts for 383. 304 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2021
Fiscal year end31-12
Activities, NACEBEL
90031Arts creation and performing arts activities
90111Literary creation
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.