HAPY

Active

Private limited companyfounded 198937 yrs activeRue de Mons 38, 1480 Tubize, BelgiumKBO/BCE: BE 0436.628.969

Summary

The computed 12-month bankruptcy probability of HAPY is 2.7% (moderate). The 2024 annual accounts show negative equity (€-20k) and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 18941 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

28 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability9▼-7

Solvency0=

Growth58=

Track record100

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.26 against 0.37 in 2023; short-term debt: 229.7% and cash: 30.2% of total assets), and equity is negative.

How do we compute the score and the probability?

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

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 →

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 2024

Solvency, return and age of the figures

Solvency

-129.7%

Return on assets

-14.3%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

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

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-20k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-07-2025, 12 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

12 d early

2023

13 d early

2022

8 d early

2021

9 d late

2020

12 d late

2019

69 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

€317k

EBIT margin

-0.3%

Net result

€-2k▼ 18.2%

2023 · €-2k

2018: €-5k 2019: €-28k 2020: €7k 2021: €12k 2022: €-38k 2023: €-2k

2018 → 2024

Working capital

€-26k▼ 0.6%

2023 · €-26k

2018: €30k 2019: €-3k 2020: €4k 2021: €14k 2022: €-26k 2023: €-26k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€22k▲ 118%€-16k€-18k▼ 11.7%€-20k▼ 12.4%

Operating result€10k-€14k▲ 45.0%€-35k€1k€91▼ 91.3%

Net result€7k-€12k▲ 78.7%€-38k€-2k▲ 95.0%€-2k▼ 18.2%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 91% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €15k

39.6%

60.4%

Fixed assets €6k ▼ 25.1%

Current assets €9k ▼ 39.7%

Key figures and ratios

2024 value · change against 2023

EBITDA

€2k▼

2023 · €2k

Cash flow

€-150▲

2023 · €-505

Solvency

-129.7%▼

2023 · -75.4%

Current ratio

0.26▼

2023 · 0.37

Quick ratio

0.15▼

2023 · 0.27

Debt to equity

-1.77▲

2023 · -2.33

ROA

-14.3%▼

2023 · -7.9%

Interest coverage

0.93▲

2023 · 0.83

Debt

€35k▼

2023 · €41k

Debt ≤ 1 year

€35k▼

2023 · €41k

Staff costs

€76k▲

2023 · €69k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines

Balance sheet Code20232024

Assets

Total assets20/58€24k€15k▼

Fixed assets21/28€8k€6k▼

Tangible fixed assets22/27€6k€4k▼

Land and buildings22€4k€2k▼

Plant, machinery and equipment23€3k€2k▼

Financial fixed assets28€2k€2k=

Current assets29/58€15k€9k▼

Stocks and contracts in progress3€4k€4k▼

Stocks30/36€4k€4k▼

Amounts receivable within one year40/41-€393

Other amounts receivable41-€393

Cash at bank and in hand54/58€9k€5k▼

Deferred charges and accrued income490/1€2k€249▼

Equity and liabilities

Total equity and liabilities10/49€24k€15k▼

Equity10/15€-18k€-20k▼

Contributions10/11€19k€19k=

Capital10€19k-

Issued capital100€19k-

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Legal reserve130€2k-

Reserves not available under the articles1311-€2k

Profit (loss) carried forward14€-38k€-40k▼

Amounts payable17/49€41k€35k▼

Amounts payable within one year42/48€41k€35k▼

Trade debts44€32k€27k▼

Suppliers440/4€32k€27k▼

Taxes, remuneration and social security45€8k€8k▼

Taxes450/3€4k€5k▲

Remuneration and social security454/9€4k€3k▼

Other amounts payable47/48€1k-

Income statement Code20232024

Remuneration, social security and pensions62€69k€76k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲

Other operating charges640/8€476€371▼

Non-recurring operating charges66A€4k€3k▼

Gross operating margin9900€76k€81k▲

Operating profit (loss)9901€1k€91▼

Financial income75/76B-€1

Recurring financial income75-€1

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€-2k€-2k▼

Profit (loss) for the period9904€-2k€-2k▼

Profit (loss) for the period to be appropriated9905€-2k€-2k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-38k€-40k▼

Profit (loss) brought forward from the previous period14P€-36k€-38k▼

The notes to these accounts (6 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 14Financial 4Filings 10

2025

19-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

18-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

23-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-38k ▼421%

Net result drops to €-38k, the lowest in the series; recovery starts the following year.

09-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 9 days late

2021

31-12

Financial Highest result since 2018net €12k ▲78.7%

Operating result €14k, net result €12k, both a record.

12-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 12 days late

2020

31-12

Financial Back to profitnet €7k

Net result €7k after 2 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 1.79

Current ratio from 0.84 to 1.79; short-term debt falls from €21k to €6k.

08-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 69 days late

2019

31-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

06-12

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 128 days late

2017

27-11

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 119 days late

2016

15-12

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 137 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Tubize · 1 establishment unit since 1989

establishment 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 Mons 381480 Tubize

Ground area

273 m²

Building footprint

58 m²

Volume, LiDAR

477 m³

Parcel 25105B0216/00G000, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

HAPY SPRL

Rue de Mons 38, 1480 TubizeNACE 1513103

since 19892.042.212.561

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25105B0216/00G000	Wallonia	273 m²	1 · 58 m²	11.6 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Tubize2.042.212.561

1 permission

Toelating · Eetgelegenheid · since 01-01-2006

Similar companies · same sector, comparable size

Antwerpen · Eq €21,623

Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,937 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded27-01-1989

Fiscal year end31-12

Activities, NACEBEL 2025

56111Full-service restaurants

56210Event catering

Sources

Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.