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HAYTHEM

Active
Private limited companyfounded 20196 yrs activeVleugelsstraat 60, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0739.740.707
Summary

The computed 12-month bankruptcy probability of HAYTHEM is 9.2% (elevated). The 2024 annual accounts show negative equity (-€3,009) and a net result of €89. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 18935 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
Axes · tick = 2023
Profitability59▼-9
Solvency14▼-1
Growth72=
Track record100
Bankruptcy probability, 12 months
9.2% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.43 in 2023; short-term debt: 111.3% and cash: 18.7% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
-11.3%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18935 sector peers (2024).
NBB · sector comparison
Position among 18935 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 filings
Deviation from the deadline
2025
not confirmed
2024
55 d late
2023
127 d late
2022
57 d late
2021
4 d late
2020
69 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 18 December 2019, HAYTHEM was incorporated as a Private limited company.1 Revenue went from EUR 18,109 in 2020 to EUR 90,197 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€90,197▲ 100%
2022 · €45,078
EBIT margin
0.3%▲ 21.0pp
2022 · -20.7%
Net result
€89
2023 · -€155
Working capital
-€15,009▲ 21.4%
2023 · -€19,098
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€18,109-€31,703▲ 75.1%€45,078▲ 42.2%€90,197
Operating result-€7,760-€1,495-€9,314€55€262▲ 376%
Net result-€7,780within the sector's middle half--€676within the sector's middle half▲ 91.3%-€9,487below the sector's middle half▼ 1,303%-€155within the sector's middle half▲ 98.4%€89within the sector's middle half
EBIT margin-42.9%-4.7%▲ 47.6pp-20.7%▼ 25.4pp0.3%
Equity€7,220within the sector's middle half-€6,544within the sector's middle half▼ 9.4%-€2,944below the sector's middle half-€3,098within the sector's middle half▼ 5.2%-€3,009within the sector's middle half▲ 2.9%
Total assets€40,835within the sector's middle half-€26,283below the sector's middle half▼ 35.6%€27,958below the sector's middle half▲ 6.4%€30,151below the sector's middle half▲ 7.8%€26,532below the sector's middle half▼ 12.0%
Debt€33,615-€19,739▼ 41.3%€30,902▲ 56.6%€33,250▲ 7.6%€29,542▼ 11.2%
Working capital-€24,780within the sector's middle half--€17,456within the sector's middle half▲ 29.6%-€22,944within the sector's middle half▼ 31.4%-€19,098within the sector's middle half▲ 16.8%-€15,009within the sector's middle half▲ 21.4%
Solvency17.7%within the sector's middle half-24.9%within the sector's middle half▲ 7.2pp-10.5%below the sector's middle half▼ 35.4pp-10.3%below the sector's middle half▲ 0.3pp-11.3%below the sector's middle half▼ 1.1pp
Current ratio0.26below the sector's middle half-0.12below the sector's middle half▼ 0.150.26below the sector's middle half▲ 0.140.43below the sector's middle half▲ 0.170.49below the sector's middle half▲ 0.07
Return on assets (ROA)-19.1%below the sector's middle half--2.6%within the sector's middle half▲ 16.5pp-33.9%below the sector's middle half▼ 31.4pp-0.5%within the sector's middle half▲ 33.4pp0.3%within the sector's middle half▲ 0.8pp
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0Operating result 2020: -€7,760-€7,760Net result 2020: -€7,780-€7,780Operating result 2021: €1,495€1,495Net result 2021: -€676-€676Operating result 2022: -€9,314-€9,314Net result 2022: -€9,487-€9,487Operating result 2023: €55€55Net result 2023: -€155-€155Operating result 2024: €262€262Net result 2024: €89€8920202021202220232024-€10,000-€7,500-€5,000-€2,500€0Operating result 2022: -€9,314-€9,310Net result 2022: -€9,487-€9,490Operating result 2023: €55€55Net result 2023: -€155-€155Operating result 2024: €262€262Net result 2024: €89€89202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 376% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €26,532
Fixed assets €12,000 ▼ 25.0%
Current assets €14,532 ▲ 2.7%
Equity and liabilities
Equity-€3,009
Debt€29,542
Equity is negative: debt (€29,542) exceeds the balance-sheet total (€26,532).
Key figures and ratios
2024 value · change against 2023
EBITDA
€4,262▲
2023 · €4,055
Cash flow
€4,089▲
2023 · €3,845
Quick ratio
0.17▼
2023 · 0.23
Interest coverage
24.60▲
2023 · 19.32
Debt ≤ 1 year
€29,542▼
2023 · €33,250
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 906 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit under 5% of the balance sheet
6.1% went bankrupt
4.1% stopped otherwise
89% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 9.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€30,151€26,532▼
Fixed assets21/28€16,000€12,000▼
Intangible fixed assets21€16,000€12,000▼
Current assets29/58€14,151€14,532▲
Stocks and contracts in progress3€6,469€9,419▲
Stocks30/36€6,469€9,419▲
Amounts receivable within one year40/41€1,045€146▼
Trade receivables40€4-
Other amounts receivable41€1,041€146▼
Cash at bank and in hand54/58€6,246€4,968▼
Deferred charges and accrued income490/1€391-
Equity and liabilities
Total equity and liabilities10/49€30,151€26,532▼
Equity10/15-€3,098-€3,009▲
Contributions10/11€15,000€15,000=
Profit (loss) carried forward14-€18,098-€18,009▲
Amounts payable17/49€33,250€29,542▼
Amounts payable within one year42/48€33,250€29,542▼
Trade debts44€5,445€5,374▼
Suppliers440/4€5,445€5,374▼
Taxes, remuneration and social security45€5,300€2,650▼
Remuneration and social security454/9€5,300€2,650▼
Other amounts payable47/48€22,504€21,518▼
Income statement Code20232024
Turnover70-€90,197
Goods, raw materials, services and sundry goods60/61-€85,158
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,000€4,000=
Other operating charges640/8€2,200€777▼
Gross operating margin9900€6,255€5,040▼
Operating profit (loss)9901€55€262▲
Financial charges65/66B€210€173▼
Recurring financial charges65€210€173▼
Profit (loss) for the period before taxes9903-€155€89▲
Profit (loss) for the period9904-€155€89▲
Profit (loss) for the period to be appropriated9905-€155€89▲
Appropriation of the result
Profit (loss) to be appropriated9906-€18,098-€18,009▲
Profit (loss) brought forward from the previous period14P-€17,944-€18,098▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70€18,109€31,703€45,078-€90,197-
Non-recurring operating income76A-€15,962----
Goods, raw materials, services and sundry goods60/61-€38,169€50,392-€85,158-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,000€8,000€4,000€4,000€4,000=
Other operating charges640/8---€2,200€777▼ 64.7%
Gross operating margin9900€479€9,495-€5,314€6,255€5,040▼ 19.4%
Operating profit (loss)9901-€7,760€1,495-€9,314€55€262▲ 376%
Financial charges65/66B-€2,171€173€210€173▼ 17.4%
Recurring financial charges65€20€2,171€173€210€173▼ 17.4%
Profit (loss) for the period before taxes9903-€7,780-€676-€9,487-€155€89▲ 157%
Profit (loss) for the period9904-€7,780-€676-€9,487-€155€89▲ 157%
Profit (loss) for the period to be appropriated9905-€7,780-€676-€9,487-€155€89▲ 157%
Line20202021202220232024Change
Assets
Total assets20/58€40,835€26,283€27,958€30,151€26,532▼ 12.0%
Fixed assets21/28€32,000€24,000€20,000€16,000€12,000▼ 25.0%
Intangible fixed assets21€32,000€24,000€20,000€16,000€12,000▼ 25.0%
Current assets29/58€8,835€2,283€7,958€14,151€14,532▲ 2.7%
Stocks and contracts in progress3--€1,550€6,469€9,419▲ 45.6%
Stocks30/36--€1,550€6,469€9,419▲ 45.6%
Amounts receivable within one year40/41€7,485--€1,045€146▼ 86.1%
Trade receivables40---€4--
Other amounts receivable41---€1,041€146▼ 86.0%
Cash at bank and in hand54/58€1,350€2,283€6,408€6,246€4,968▼ 20.5%
Deferred charges and accrued income490/1---€391--
Equity and liabilities
Total equity and liabilities10/49€40,835€26,283€27,958€30,151€26,532▼ 12.0%
Equity10/15€7,220€6,544-€2,944-€3,098-€3,009▲ 2.9%
Contributions10/11-€15,000€15,000€15,000€15,000=
Profit (loss) carried forward14-€7,780-€8,456-€17,944-€18,098-€18,009▲ 0.5%
Amounts payable17/49€33,615€19,739€30,902€33,250€29,542▼ 11.2%
Amounts payable within one year42/48€33,615€19,739€30,902€33,250€29,542▼ 11.2%
Trade debts44-€1,160€2,430€5,445€5,374▼ 1.3%
Suppliers440/4-€1,160€2,430€5,445€5,374▼ 1.3%
Taxes, remuneration and social security45-€585€6,323€5,300€2,650▼ 50.0%
Taxes450/3-€585€1,523---
Remuneration and social security454/9--€4,800€5,300€2,650▼ 50.0%
Other amounts payable47/48-€17,994€22,149€22,504€21,518▼ 4.4%
Line20202021202220232024Change
Profit (loss) for the period9904-€7,780-€676-€9,487-€155€89▲ 157%
+ Depreciation and write-downs630€8,000€8,000€4,000€4,000€4,000=
Operating cash flow (approximation)€220€7,324-€5,487€3,845€4,089▲ 6.3%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€933€4,125-€162-€1,278▼ 690%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
24-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial Back to profitnet €89
Net result €89 after 4 loss-making years.
05-12
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 127 days late
2023
26-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial Weakest financial yearnet -€9,487
Net result drops to -€9,487, the lowest in the series; recovery starts the following year.
04-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
08-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
942 m²
Building footprint
132 m²
Volume, LiDAR
1,930 m³
2 parcels, Brussels · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
14 companies at this address See who is registered here
1 establishment unit
HAYTHEM
Antwerpsesteenweg 25, 1000 BrusselLimited-service restaurants
since 20202.298.538.625
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21813A0484/00D002 Brussels 490 m² - -
21910E0136/00Y003 Brussels 451 m² 1 · 132 m² 19.9 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Brussel2.298.538.625
1 permission
Toelating · Pita-house, pita-bar · since 04-04-2022

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,500 companies in this sector we hold annual accounts for 11,468. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded18-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register

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Register as of 30 September 2026 · Peppol Directory

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