HAPPY STARS

Active

Private limited companyfounded 20179 yrs activeRue de la Fabrique 16, 4400 Flémalle, BelgiumKBO/BCE: BE 0675.382.195

The computed 12-month bankruptcy probability of HAPPY STARS is 2.0% (moderate). The 2024 annual accounts show equity of €231k and a net result of €39k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 18939 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

75 / 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

Solvency96=

Growth73=

Track record100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €17k at 30 days acceptable

Liquidity ample (current ratio 2.56 against 2.33 in 2023; short-term debt: 29.2% and cash: 51.7% of total assets), and 29.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

34 d early

2023

9 d early

2022

7 d early

2021

60 d late

2020

61 d late

2019

81 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€1.24M▲ 8.7%

2023 · €1.14M

2018: €732k 2019: €1.04M 2020: €434k 2021: €545k 2022: €883k 2023: €1.14M

2018 → 2024

EBIT margin

4.4%▲ 4.6pp

2023 · -0.2%

2018: -1.1% 2019: 8.3% 2020: 8.3% 2021: 2.0% 2022: 0.2% 2023: -0.2%

2018 → 2024

Net result

€39k

2023 · €-5k

2018: €-10k 2019: €75k 2020: €30k 2021: €11k 2022: €676 2023: €-5k

2018 → 2024

Working capital

€149k▲ 42.8%

2023 · €104k

2018: €-132k 2019: €18k 2020: €37k 2021: €71k 2022: €93k 2023: €104k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€434k-€545k▲ 25.6%€883k▲ 61.9%€1.14M▲ 29.2%€1.24M▲ 8.7%

Equity€185k-€196k▲ 5.9%€197k▲ 0.3%€192k▼ 2.4%€231k▲ 20.3%

Operating result€36k-€11k▼ 70.0%€2k▼ 79.7%€-2k€54k

Net result€30k-€11k▼ 63.6%€676▼ 93.8%€-5k€39k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €54k after a loss of €2k in 2023, the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €326k

25.2%

74.8%

Fixed assets €82k▼ 6.4%

Current assets €244k▲ 33.9%

Equity and liabilities €326k

70.8%

29.2%

Equity €231k▲ 20.3%

Debt €95k▲ 21.9%

The debt ratio rises from 28.9% to 29.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€75k▲

2023 · €19k

Cash flow

€60k▲

2023 · €17k

Solvency

70.8%▼

2023 · 71.1%

Current ratio

2.56▲

2023 · 2.33

Quick ratio

2.17▲

2023 · 1.94

Debt / equity

0.41▲

2023 · 0.41

ROE

16.9%▲

2023 · -2.4%

ROA

11.9%▲

2023 · -1.7%

Interest coverage

15.03▲

2023 · 3.94

Debt

€95k▲

2023 · €78k

Debt ≤ 1 year

€95k▲

2023 · €78k

Income taxes

€12k

Staff costs

€105k▲

2023 · €105k

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€270k€326k▲

Fixed assets21/28€88k€82k▼

Tangible fixed assets22/27€70k€64k▼

Plant, machinery and equipment23€413€123▼

Other tangible fixed assets26€70k€64k▼

Financial fixed assets28€18k€18k=

Current assets29/58€182k€244k▲

Stocks and contracts in progress3€31k€38k▲

Stocks30/36€31k€38k▲

Amounts receivable within one year40/41€32k€32k▼

Other amounts receivable41€32k€32k▼

Cash at bank and in hand54/58€114k€169k▲

Deferred charges and accrued income490/1€5k€5k▲

Equity and liabilities

Total equity and liabilities10/49€270k€326k▲

Equity10/15€192k€231k▲

Contributions10/11€90k€90k=

Reserves13€9k€9k=

Non-distributable reserves130/1€9k€9k=

Reserves not available under the articles1311€9k€9k=

Profit (loss) carried forward14€93k€132k▲

Amounts payable17/49€78k€95k▲

Amounts payable within one year42/48€78k€95k▲

Trade debts44€41k€38k▼

Suppliers440/4€41k€38k▼

Taxes, remuneration and social security45€37k€58k▲

Taxes450/3€9k€42k▲

Remuneration and social security454/9€28k€16k▼

Income statement Code20232024

Turnover70€1.14M€1.24M▲

Goods, raw materials, services and sundry goods60/61€998k€1.03M▲

Remuneration, social security and pensions62€105k€105k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▼

Other operating charges640/8€10k€11k▲

Non-recurring operating charges66A€9k€15k▲

Gross operating margin9900€143k€207k▲

Operating profit (loss)9901€-2k€54k▲

Financial income75/76B€2k€2k▼

Recurring financial income75€2k€2k▼

Financial charges65/66B€5k€5k▲

Recurring financial charges65€5k€5k▲

Profit (loss) for the period before taxes9903€-5k€51k▲

Income taxes67/77-€12k

Profit (loss) for the period9904€-5k€39k▲

Profit (loss) for the period to be appropriated9905€-5k€39k▲

Appropriation of the result

Profit (loss) to be appropriated9906€93k€132k▲

Profit (loss) brought forward from the previous period14P€98k€93k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 5Filings 7

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €39k

Net result €39k after one loss-making year.

31-12

Financial Equity above €200kEq €231k ▲20.3%

Equity rises from €192k to €231k.

22-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

24-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

29-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 60 days late

2021

30-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 61 days late

2020

20-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 81 days late

2019

31-12

Financial Back to profitnet €75k

Net result €75k after one loss-making year.

31-12

Financial Liquidity triplescurrent ratio 1.13

Current ratio from 0.39 to 1.13; short-term debt falls from €217k to €139k.

31-12

Financial Equity above €150kEq €155k ▲92.8%

Equity rises from €80k to €155k.

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

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, Flémalle · 1 establishment unit since 2017

establishment approximate The establishment unit on the map

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.

Rue de la Fabrique 164400 Flémalle

Ground area

6,690 m²

Building footprint

639 m²

Volume, LiDAR

4,055 m³

Parcel 62037B0537/00B000, Wallonia · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

FU XING

Rue de la Fabrique 16, 4400 FlémalleFull-service restaurants

since 20172.264.010.880

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62037B0537/00B000	Wallonia	6,690 m²	1 · 639 m²	11.4 m · 2 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Flémalle2.264.010.880

1 permission

Toelating · Eetgelegenheid · since 31-01-2018

Similar companies · same sector, comparable size

MAX BOTERHAMMEN

BE 0445.677.386

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FERME DES QUATRE SAISONS

Blankenberge · Eq €231k

Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 8,227 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-05-2017

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56102Limited-service restaurants

56111Full-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 7 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.

Contact details

2 entries

E-mail:liuliyan8238@gmail.com

Establishment Flémalle 2.264.010.880

Phone:0488/385889

Establishment Flémalle 2.264.010.880