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HC SPA

Active
Private limited companyfounded 20178 yrs activeRue de la Poste 7, 4900 Spa, BelgiumKBO/BCE: BE 0686.545.214
Summary

The computed 12-month bankruptcy probability of HC SPA is 1.6% (moderate). The 2025 annual accounts show equity of €16,732 and a net result of -€5,774. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 46% of 15408 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
HC SPAActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301
1 site
Size
€65,224total assets 2025
Equity
€16,732
Loss
-€5,774
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
1.6%
Structure
Accounts filed 10 d late0 of 2 deeds read
Why 55- Sector Food and beverage service activities (NACE 56)- Loss of €5,774, the second in a row (FY 2025)- Size: total assets €65,224+ Liquidity: current ratio 0.85, cash €12,348Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 37% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 51-13
equity 25.7% of total assets
Liquidity 44-16
short-term debt 58.2% · cash 18.9%
Profitability 58-2
return on assets -8.9%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,482 companies)
Last 24 months 11-2024: 2.7% 12-2024: 2.7%● 0.0% vs 11-2024 01-2025: 2.6%▼ -2.0% vs 12-2024 02-2025: 2.6%● 0.0% vs 01-2025 03-2025: 2.6%▼ -0.5% vs 02-2025 04-2025: 2.6%▲ +1.6% vs 03-2025 05-2025: 2.6%▼ -1.1% vs 04-2025 06-2025: 2.6%▼ -1.0% vs 05-2025 07-2025: 2.7%▲ +4.9% vs 06-2025 08-2025: 3.2%▲ +19.2% vs 07-2025highest value 09-2025: 1.5%▼ -53.1% vs 08-2025 10-2025: 1.5%● 0.0% vs 09-2025 11-2025: 1.5%● 0.0% vs 10-2025 12-2025: 1.5%● 0.0% vs 11-2025 01-2026: 1.5%▼ -1.0% vs 12-2025 02-2026: 1.3%▼ -12.7% vs 01-2026lowest value 03-2026: 1.3%▲ +1.8% vs 02-2026 04-2026: 1.4%▲ +7.7% vs 03-2026 05-2026: 1.4%▼ -5.0% vs 04-2026 06-2026: 1.3%▼ -3.3% vs 05-2026 07-2026: 1.5%▲ +10.0% vs 06-2026 08-2026: 2.2%▲ +50.9% vs 07-2026 09-2026: 1.6%▼ -25.3% vs 08-2026 10-2026: 1.6%● 0.0% vs 09-2026
  • Sector Food and beverage service activities (NACE 56) raises the probability
  • Loss of €5,774, the second in a row (FY 2025) raises the probability
  • Size: total assets €65,224 raises the probability for this profile
  • Liquidity: current ratio 0.85, cash €12,348 lowers the probability
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.85 against 1.05 in 2024; short-term debt: 58.2% and cash: 18.9% of total assets), and 74.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 46%, liquidity 39%, profitability 40%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Loss of €5,774, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: total assets €65,224
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.85, cash €12,348
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,774
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 8 filings
Deviation from the deadline
2025
10 d late
2024
7 d late
2023
19 d late
2022
29 d late
2021
31 d late
2020
24 d late
2019
79 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 28 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€5,774 View
  • Total assets 20256 fiscal years filed €65,224 View
  • Active since 2017founded 18-12-2017 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€65,224
Loss
-€5,774
Solvency
25.7%
Total assets▲ 12.6%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2019
Next accounts
by 31-07-2027
  1. 10-08-2026Annual accounts filed
  2. 07-08-2025Annual accounts filed
  3. 19-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Cafés and barsNACE 56301
Founded
18-12-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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