Hell or High Water
ActiveSummary
Hell or High Water has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €-21k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 13305 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-29
Solvency39▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.57 in 2024; short-term debt: 34.3% and cash: 0.7% of total assets), and 86.1% 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
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
13.9%
Return on assets
-4.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
19 d early
2023
16 d early
2022
27 d early
2021
25 d late
2020
24 d late
2019
10 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▼ 23.6%
2024 · €91k
2018: €33k
2019: €38k
2020: €43k
2021: €68k
2022: €116k
2023: €68k
2024: €91k
2018 → 2025
Total assets
€500k▲ 2.2%
2024 · €489k
2018: €78k
2019: €115k
2020: €136k
2021: €141k
2022: €190k
2023: €496k
2024: €489k
2018 → 2025
Net result
€-21k
2024 · €22k
2018: €38k
2019: €5k
2020: €4k
2021: €25k
2022: €48k
2023: €-47k
2024: €22k
2018 → 2025
Working capital
€-106k▼ 99.4%
2024 · €-53k
2018: €16k
2019: €28k
2020: €10k
2021: €33k
2022: €63k
2023: €-66k
2024: €-53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€116k▲ 70.4%€68k▼ 40.9%€91k▲ 32.5%€69k▼ 23.6%
Operating result€39k-€64k▲ 62.7%€-38k€40k€-4k
Net result€25k-€48k▲ 88.4%€-47k€22k€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €40k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500k
Fixed assets
€434k ▲ 3.6%
Current assets
€65k ▼ 5.9%
Equity and liabilities €500k
Equity
€69k ▼ 23.6%
Debt
€431k ▲ 8.1%
Debt's share of the balance-sheet total rises from 81.5% to 86.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €66k
Cash flow
€10k▼
2024 · €48k
Current ratio
0.38▼
2024 · 0.57
Debt to equity
6.22▲
2024 · 4.39
ROE
-30.9%▼
2024 · 24.5%
ROA
-4.3%▼
2024 · 4.6%
Interest coverage
1.57▼
2024 · 3.82
Debt ≤ 1 year
€171k▲
2024 · €123k
Debt > 1 year
€259k▼
2024 · €276k
Income taxes
€327▲
2024 · €322
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€489k€500k▲
Fixed assets21/28€419k€434k▲
Intangible fixed assets21-€3k
Tangible fixed assets22/27€419k€431k▲
Land and buildings22€373k€382k▲
Plant, machinery and equipment23€2k€944▼
Furniture and vehicles24€8k€16k▲
Other tangible fixed assets26€36k€32k▼
Current assets29/58€69k€65k▼
Amounts receivable within one year40/41€49k€60k▲
Trade receivables40€14k€26k▲
Other amounts receivable41€35k€34k▼
Current investments50/53€7€0▼
Cash at bank and in hand54/58€20k€4k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€489k€500k▲
Equity10/15€91k€69k▼
Contributions10/11€19k€19k=
Reserves13€92k€92k=
Distributable reserves133€92k€92k=
Profit (loss) carried forward14€-20k€-41k▼
Amounts payable17/49€398k€431k▲
Amounts payable after more than one year17€276k€259k▼
Financial debts170/4€276k€259k▼
Amounts payable within one year42/48€123k€171k▲
Current portion of amounts payable after more than one year42€16k€16k▲
Financial debts43€3k€13k▲
Credit institutions430/8€3k€13k▲
Trade debts44€5k€15k▲
Suppliers440/4€5k€15k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€6k€4k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€92k€123k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€31k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€67k€28k▼
Operating profit (loss)9901€40k€-4k▼
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€17k€17k▲
Recurring financial charges65€17k€17k▲
Profit (loss) for the period before taxes9903€23k€-21k▼
Income taxes67/77€322€327▲
Profit (loss) for the period9904€22k€-21k▼
Profit (loss) for the period to be appropriated9905€22k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-41k▼
Profit (loss) brought forward from the previous period14P€-42k€-20k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-47k ▼199%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €48k ▲88.4%
Operating result €64k, net result €48k, both a record.
31-12
Financial
Equity above €100kEq €116k ▲70.4%
5 profitable years in a row build equity to €116k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 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, Zottegem · 1 establishment unit since 1990
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.
Van Aelbrouckstraat 209620 ZottegemGround area
73 m²
Building footprint
86 m²
Volume, LiDAR
537 m³
Parcel 41081A0732/00L000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
{ID} BLONDEEL
since 19902.047.060.383
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41081A0732/00L000 | Flanders | 73 m² | 1 · 86 m² | 11.2 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.
Similar companies · same sector, comparable size
LUTECO
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CHEZ LES BÛCHES
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BNG
BE 0745.553.084
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WIJNEGEM ICE CREAM
BE 0872.908.344
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Brasserie Lamborelle
BE 0649.894.258
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,174 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
Founded01-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47690Retail sale of other cultural and recreation goods
47742Retail sale of prescription glasses, lenses and sunglasses
47770Retail sale of watches and jewellery
47792Retail sale of second-hand clothing
47793Retail sale of other second-hand goods, excluding clothing
74201Photography, excluding press photography
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.