HÊN
ActiveSummary
The computed 12-month bankruptcy probability of HÊN is 4.4% (elevated). The 2025 annual accounts show equity of €120k and a net result of €-7k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 818 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-53
Solvency56▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.18 against 1.34 in 2024; short-term debt: 63.4% and cash: 9.2% of total assets), and 69.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · 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
30.7%
Return on assets
-1.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 9 filingsDeviation from the deadline
2025
22 d late
2024
387 d late
2023
316 d late
2022
61 d late
2021
417 d late
2020
89 d late
2019
69 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k
2024 · €58k
2018: €10k
2019: €12k▲ +23.1% vs 2018
2020: €5k▼ -60.9% vs 2019
2021: €-6k▼ -229% vs 2020
2022: €-7k▼ -11.0% vs 2021
2023: €15k▲ +310% vs 2022
2024: €58k▲ +295% vs 2023highest in 8 years
2025: €-7k▼ -112% vs 2024lowest in 8 years
2018 → 2025
Working capital
€44k▼ 59.2%
2024 · €107k
2018: €31klowest in 8 years
2019: €43k▲ +39.9% vs 2018
2020: €48k▲ +11.4% vs 2019
2021: €43k▼ -11.0% vs 2020
2022: €33k▼ -23.2% vs 2021
2023: €49k▲ +48.6% vs 2022
2024: €107k▲ +121% vs 2023highest in 8 years
2025: €44k▼ -59.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€55k▼ 11.3%€69k▲ 26.7%€127k▲ 83.2%€120k▼ 5.6%
2021: €62k
2022: €55k▼ -11.3% vs 2021lowest in 5 years
2023: €69k▲ +26.7% vs 2022
2024: €127k▲ +83.2% vs 2023highest in 5 years
2025: €120k▼ -5.6% vs 2024
Operating result€-6k-€-2k▲ 67.0%€22k€78k▲ 256%€-5k
2021: €-6klowest in 5 years
2022: €-2k▲ +67.0% vs 2021
2023: €22k▲ +1296% vs 2022
2024: €78k▲ +256% vs 2023highest in 5 years
2025: €-5k▼ -107% vs 2024
Net result€-6k-€-7k▼ 11.0%€15k€58k▲ 295%€-7k
2021: €-6k
2022: €-7k▼ -11.0% vs 2021
2023: €15k▲ +310% vs 2022
2024: €58k▲ +295% vs 2023highest in 5 years
2025: €-7k▼ -112% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €78k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €390k
Fixed assets
€99k ▲ 409%
Current assets
€291k ▼ 30.7%
Equity and liabilities €390k
Equity
€120k ▼ 5.6%
Debt
€270k ▼ 13.6%
Debt's share of the balance-sheet total falls from 71.1% to 69.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €80k
Cash flow
€2k▼
2024 · €60k
Current ratio
1.18▼
2024 · 1.34
Quick ratio
1.10▼
2024 · 1.30
Debt to equity
2.25▼
2024 · 2.46
ROE
-5.9%▼
2024 · 45.4%
ROA
-1.8%▼
2024 · 13.1%
Interest coverage
1.92▼
2024 · 28.39
Debt ≤ 1 year
€247k▼
2024 · €312k
Debt > 1 year
€23k
Staff costs
€72k▲
2024 · €37k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€439k€390k▼
Fixed assets21/28€19k€99k▲
Intangible fixed assets21-€44k
Tangible fixed assets22/27€17k€39k▲
Plant, machinery and equipment23€4k€11k▲
Furniture and vehicles24€7k€6k▼
Other tangible fixed assets26€6k€22k▲
Financial fixed assets28€2k€16k▲
Current assets29/58€420k€291k▼
Stocks and contracts in progress3€15k€20k▲
Stocks30/36€15k€20k▲
Amounts receivable within one year40/41€233k€234k▲
Trade receivables40€219k€146k▼
Other amounts receivable41€14k€88k▲
Cash at bank and in hand54/58€170k€36k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€439k€390k▼
Equity10/15€127k€120k▼
Contributions10/11€15k€15k=
Outside capital11€15k€15k=
Other1109/19€15k€15k=
Reserves13€21k€21k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€91k€84k▼
Amounts payable17/49€312k€270k▼
Amounts payable after more than one year17-€23k
Financial debts170/4-€23k
Amounts payable within one year42/48€312k€247k▼
Current portion of amounts payable after more than one year42-€9k
Trade debts44€243k€163k▼
Suppliers440/4€243k€163k▼
Taxes, remuneration and social security45€39k€40k▲
Taxes450/3€32k€30k▼
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€30k€35k▲
Income statement
Code20242025
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€37k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€9k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€119k€77k▼
Operating profit (loss)9901€78k€-5k▼
Financial income75/76B€0€15▲
Recurring financial income75€0€15▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€75k€-7k▼
Income taxes67/77€17k-
Profit (loss) for the period9904€58k€-7k▼
Profit (loss) for the period to be appropriated9905€58k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€84k▼
Profit (loss) brought forward from the previous period14P€34k€91k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | - | - |
| Remuneration, social security and pensions62 | €18k | €22k | €29k | €37k | €72k | ▲ 94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €5k | €2k | €9k | ▲ 257% |
| Other operating charges640/8 | €3k | €8k | €836 | €2k | €2k | ▲ 4.7% |
| Gross operating margin9900 | €27k | €40k | €57k | €119k | €77k | ▼ 34.9% |
| Operating profit (loss)9901 | €-6k | €-2k | €22k | €78k | €-5k | ▼ 107% |
| Financial income75/76B | €145 | - | - | €0 | €15 | ▲ 72,600% |
| Recurring financial income75 | €145 | - | - | €0 | €15 | ▲ 72,600% |
| Financial charges65/66B | €991 | €4k | €2k | €3k | €2k | ▼ 31.1% |
| Recurring financial charges65 | €991 | €4k | €2k | €3k | €2k | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €-6k | €-5k | €20k | €75k | €-7k | ▼ 109% |
| Income taxes67/77 | €-133 | €1k | €5k | €17k | - | - |
| Profit (loss) for the period9904 | €-6k | €-7k | €15k | €58k | €-7k | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-7k | €15k | €58k | €-7k | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €92k | €80k | €133k | €439k | €390k | ▼ 11.2% |
| Formation expenses20 | - | €546 | - | - | - | - |
| Fixed assets21/28 | €19k | €21k | €21k | €19k | €99k | ▲ 409% |
| Intangible fixed assets21 | - | - | - | - | €44k | - |
| Tangible fixed assets22/27 | €17k | €19k | €18k | €17k | €39k | ▲ 130% |
| Plant, machinery and equipment23 | - | €5k | €4k | €4k | €11k | ▲ 159% |
| Furniture and vehicles24 | €4k | €8k | €8k | €7k | €6k | ▼ 17.7% |
| Leasing and similar rights25 | €5k | - | - | - | - | - |
| Other tangible fixed assets26 | €7k | €7k | €6k | €6k | €22k | ▲ 279% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €16k | ▲ 529% |
| Current assets29/58 | €73k | €58k | €112k | €420k | €291k | ▼ 30.7% |
| Stocks and contracts in progress3 | - | €3k | €14k | €15k | €20k | ▲ 32.3% |
| Stocks30/36 | - | €3k | €14k | €15k | €20k | ▲ 32.3% |
| Amounts receivable within one year40/41 | €18k | €17k | €18k | €233k | €234k | ▲ 0.5% |
| Trade receivables40 | - | - | - | €219k | €146k | ▼ 33.3% |
| Other amounts receivable41 | €18k | €17k | €18k | €14k | €88k | ▲ 526% |
| Cash at bank and in hand54/58 | €55k | €37k | €74k | €170k | €36k | ▼ 78.8% |
| Deferred charges and accrued income490/1 | - | €2k | €7k | €2k | €2k | ▼ 36.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €92k | €80k | €133k | €439k | €390k | ▼ 11.2% |
| Equity10/15 | €62k | €55k | €69k | €127k | €120k | ▼ 5.6% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Outside capital11 | €15k | €15k | €15k | €15k | €15k | = |
| Other1109/19 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €21k | €21k | €21k | €21k | €21k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €26k | €19k | €34k | €91k | €84k | ▼ 7.7% |
| Amounts payable17/49 | €30k | €25k | €64k | €312k | €270k | ▼ 13.6% |
| Amounts payable after more than one year17 | - | - | - | - | €23k | - |
| Financial debts170/4 | - | - | - | - | €23k | - |
| Amounts payable within one year42/48 | €30k | €25k | €64k | €312k | €247k | ▼ 20.9% |
| Current portion of amounts payable after more than one year42 | €3k | - | - | - | €9k | - |
| Trade debts44 | €16k | €9k | €29k | €243k | €163k | ▼ 32.9% |
| Suppliers440/4 | €16k | €9k | €29k | €243k | €163k | ▼ 32.9% |
| Taxes, remuneration and social security45 | €11k | €16k | €35k | €39k | €40k | ▲ 1.7% |
| Taxes450/3 | €10k | €8k | €23k | €32k | €30k | ▼ 5.8% |
| Remuneration and social security454/9 | €1k | €9k | €12k | €7k | €10k | ▲ 33.4% |
| Other amounts payable47/48 | - | - | - | €30k | €35k | ▲ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-7k | €15k | €58k | €-7k | ▼ 112% |
| + Depreciation and write-downs630 | €12k | €12k | €5k | €2k | €9k | ▲ 257% |
| Operating cash flow (approximation) | €6k | €5k | €19k | €60k | €2k | ▼ 97.0% |
| Investment in fixed assets (approximation) | - | €-14k | €-4k | €-1k | €-88k | ▼ 7,106% |
| Change in cash | - | €-18k | €38k | €95k | €-134k | ▼ 240% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 22 days late
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 387 days late
2025
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 316 days late
2024
31-12
Financial
Highest result since 2018net €58k ▲295%
Operating result €78k, net result €58k, both a record.
31-12
Financial
Equity above €100kEq €127k ▲83.2%
2 profitable years in a row build equity to €127k.
2023
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 417 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
2019
13-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 105 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Etterbeek · 2 establishment units since 2016
Ground area
287 m²
Building footprint
263 m²
Volume, LiDAR
4,231 m³
3 parcels, Brussels · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
HÊN
since 20162.254.261.885
O Banh Mi
since 20252.376.438.731
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0482/00L003 | Brussels | 117 m² | 1 · 118 m² | 18.5 m · 6 fl. |
| 21363B0471/00G000 | Brussels | 90 m² | 1 · 76 m² | 19.7 m · 6 fl. |
| 21444B0199/00A027 | Brussels | 79 m² | 1 · 69 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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
2 sitesElsene2.376.438.731
Etterbeek2.254.261.885
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BE 0647.862.901
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CHEZ VOUS BUDIE-JOIRET
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QËNDRESA
BE 0891.642.410
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,586 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.