Hemingway
ActiveHemingway has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €4k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 13061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+2
Solvency42▲+6
Growth52=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.64 in 2024), and 68.9% of the assets are financed with debt.
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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.1%
Return on assets
1%
Age of the figures
8 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
88 d late
2021
122 d late
2020
61 d late
2019
on the day
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▲ 2.7%
2024 · €117k
2018: €35k
2019: €35k
2020: €19k
2021: €55k
2022: €88k
2023: €114k
2024: €117k
2018 → 2025
Total assets
€385k▼ 5.6%
2024 · €408k
2018: €219k
2019: €208k
2020: €141k
2021: €165k
2022: €311k
2023: €298k
2024: €408k
2018 → 2025
Net result
€4k▲ 15.4%
2024 · €3k
2018: €8k
2019: €160
2020: €-16k
2021: €38k
2022: €42k
2023: €27k
2024: €3k
2018 → 2025
Working capital
€-57k▲ 13.8%
2024 · €-66k
2018: €-4k
2019: €-23k
2020: €-12k
2021: €33k
2022: €-26k
2023: €-18k
2024: €-66k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€88k▲ 61.7%€114k▲ 29.2%€117k▲ 2.3%€120k▲ 2.7%
Operating result€37k-€57k▲ 53.8%€40k▼ 30.9%€11k▼ 71.8%€16k▲ 41.5%
Net result€38k-€42k▲ 13.0%€27k▼ 37.2%€3k▼ 86.9%€4k▲ 15.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385k
Fixed assets
€253k▼ 12.7%
Current assets
€132k▲ 11.9%
Equity and liabilities €385k
Equity
€120k▲ 2.7%
Debt
€265k▼ 9.0%
The debt ratio falls from 71.4% to 68.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€73k▲
2024 · €64k
Cash flow
€61k▲
2024 · €56k
Solvency
31.1%▲
2024 · 28.6%
Current ratio
0.70▲
2024 · 0.64
Quick ratio
0.56▲
2024 · 0.47
Debt / equity
2.21▼
2024 · 2.50
ROE
3.4%▲
2024 · 3.0%
ROA
1.0%▲
2024 · 0.9%
Interest coverage
6.69▼
2024 · 9.41
Debt
€265k▼
2024 · €292k
Debt ≤ 1 year
€189k▲
2024 · €184k
Debt > 1 year
€76k▼
2024 · €107k
Income taxes
€2k▲
2024 · €1k
Staff costs
€138k▲
2024 · €113k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€408k€385k▼
Fixed assets21/28€290k€253k▼
Tangible fixed assets22/27€281k€244k▼
Plant, machinery and equipment23€11k€6k▼
Furniture and vehicles24€49k€41k▼
Other tangible fixed assets26€220k€196k▼
Financial fixed assets28€10k€10k=
Current assets29/58€118k€132k▲
Stocks and contracts in progress3€32k€26k▼
Stocks30/36€32k€26k▼
Amounts receivable within one year40/41€59k€68k▲
Trade receivables40€21k€7k▼
Other amounts receivable41€38k€62k▲
Cash at bank and in hand54/58€26k€32k▲
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€408k€385k▼
Equity10/15€117k€120k▲
Contributions10/11€19k€19k=
Reserves13€98k€101k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€98k€101k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€292k€265k▼
Amounts payable after more than one year17€107k€76k▼
Financial debts170/4€107k€76k▼
Amounts payable within one year42/48€184k€189k▲
Current portion of amounts payable after more than one year42€35k€34k▼
Trade debts44€82k€86k▲
Suppliers440/4€82k€86k▲
Taxes, remuneration and social security45€21k€50k▲
Taxes450/3€6k€26k▲
Remuneration and social security454/9€15k€24k▲
Other amounts payable47/48€47k€19k▼
Income statement
Code20242025
Remuneration, social security and pensions62€113k€138k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€57k▲
Other operating charges640/8€15k€17k▲
Gross operating margin9900€192k€228k▲
Operating profit (loss)9901€11k€16k▲
Financial income75/76B€202€874▲
Recurring financial income75€202€874▲
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€4k▲
Transfer from equity791/2€833€0▼
Transfer to equity691/2€3k€3k▼
To the legal reserve6920€3k€0▼
To other reserves6921€0€3k▲
Profit to be distributed694/7€833€833=
Return on contributions (dividend)694€833€833=
The notes to these accounts (9 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €114k ▲29.2%
3 profitable years in a row build equity to €114k.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Highest result since 2018net €42k ▲13%
Operating result €57k, net result €42k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.71
Current ratio from 0.74 to 1.71; short-term debt falls from €47k to €47k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-16k ▼10263%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Oostende · 1 establishment unit since 2008
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.
Langestraat 158400 OostendeGround area
146 m²
Building footprint
146 m²
Volume, LiDAR
1,772 m³
Parcel 35013A0006/00M000, Flanders · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
ATTIC
since 20082.170.233.260
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0006/00M000 | Flanders | 146 m² | 1 · 146 m² | 18.0 m · 5 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 siteOostende2.170.233.260
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Of 13,834 companies in sector 56301 we hold annual accounts for 4,808. 3,498 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2008
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
56302Nightclubs
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.