HETAR
BankruptcyFinancials · financial year 2023, full format
2023 annual accounts filed late (91 days) Filed on 30 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00530811.
Turnover
≈ €580,000
Estimated: probably between €480,000 and €640,000
EBIT margin
Not included in this filing
Net result
€47,823▼ 46.8%
2022 · €89,876
Working capital
€341,026▲ 10.8%
2022 · €307,729
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result falls in 2023; 2023 is 36% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€85,134
2023
Net result€47,823
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€596,594
2023
Equity€374,145
2023
Debt€222,449
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€341,026
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)8.0%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency62.7%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.55
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)3.7
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€69,925-€16,343▼ 76.6%€39,538▲ 142%€72,632▲ 83.7%€132,079▲ 81.8%€85,134▼ 35.5%
Net result€48,781-€1,640▼ 96.6%€11,123within the sector's middle half▲ 578%€52,043within the sector's middle half▲ 368%€89,876above the sector's middle half▲ 72.7%€47,823above the sector's middle half▼ 46.8%
Equity€171,640-€173,280▲ 1.0%€184,403above the sector's middle half▲ 6.4%€236,446above the sector's middle half▲ 28.2%€326,322above the sector's middle half▲ 38.0%€374,145above the sector's middle half▲ 14.7%
Total assets€350,239-€330,881▼ 5.5%€375,008within the sector's middle half▲ 13.3%€453,960within the sector's middle half▲ 21.1%€532,743within the sector's middle half▲ 17.4%€596,594within the sector's middle half▲ 12.0%
Debt€178,599-€157,601▼ 11.8%€190,606▲ 20.9%€217,515▲ 14.1%€206,421▼ 5.1%€222,449▲ 7.8%
Working capital€178,840-€149,238▼ 16.6%€182,927above the sector's middle half▲ 22.6%€217,959above the sector's middle half▲ 19.2%€307,729above the sector's middle half▲ 41.2%€341,026above the sector's middle half▲ 10.8%
Solvency49.0%-52.4%▲ 3.4pp49.2%within the sector's middle half▼ 3.2pp52.1%within the sector's middle half▲ 2.9pp61.3%above the sector's middle half▲ 9.2pp62.7%above the sector's middle half▲ 1.5pp
Current ratio2.30-1.99▼ 0.312.05above the sector's middle half▲ 0.062.03within the sector's middle half▼ 0.022.50above the sector's middle half▲ 0.472.55above the sector's middle half▲ 0.04
Return on assets (ROA)13.9%-0.5%▼ 13.4pp3.0%within the sector's middle half▲ 2.5pp11.5%within the sector's middle half▲ 8.5pp16.9%above the sector's middle half▲ 5.4pp8.0%within the sector's middle half▼ 8.9pp
Staff (FTE)4.2-3.9▼ 7.1%1.5below the sector's middle half▼ 61.5%3.5within the sector's middle half▲ 133%3.5within the sector's middle half=3.7below the sector's middle half▲ 5.7%
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €596,594
Fixed assets
€35,003 ▲ 74.2%
Current assets
€561,591 ▲ 9.5%
Equity and liabilities €596,594
Equity
€374,145 ▲ 14.7%
Debt
€222,449 ▲ 7.8%
Debt's share of the balance-sheet total falls from 38.7% to 37.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89,408▼
2022 · €139,660
Cash flow
€52,097▼
2022 · €97,457
Debt to equity
0.59▼
2022 · 0.63
ROE
12.8%▼
2022 · 27.5%
Interest coverage
3.17▼
2022 · 13.40
Debt ≤ 1 year
€220,565▲
2022 · €204,921
Income taxes
€24,075▼
2022 · €47,421
Staff costs
€88,320▲
2022 · €62,683
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €13,575 | €29,307 | ▲ 116% |
| Remuneration, social security and pensions62 | - | - | - | €78,701 | €62,683 | €88,320 | ▲ 40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,107 | €15,105 | €15,330 | €7,846 | €7,581 | €4,274 | ▼ 43.6% |
| Other operating charges640/8 | - | - | - | €1,984 | €7,542 | €12,057 | ▲ 59.9% |
| Non-recurring operating charges66A | - | - | - | - | €2,700 | €0 | ▼ 100% |
| Gross operating margin9900 | €230,205 | €176,308 | €101,210 | €161,163 | €212,585 | €189,785 | ▼ 10.7% |
| Operating profit (loss)9901 | €69,925 | €16,343 | €39,538 | €72,632 | €132,079 | €85,134 | ▼ 35.5% |
| Financial income75/76B | - | - | - | €9,141 | €15,640 | €15,001 | ▼ 4.1% |
| Recurring financial income75 | €85 | €225 | €6,577 | €9,141 | €15,640 | €15,001 | ▼ 4.1% |
| Financial charges65/66B | - | - | - | €9,769 | €10,421 | €28,237 | ▲ 171% |
| Recurring financial charges65 | €14,770 | €12,072 | €24,225 | €9,769 | €10,421 | €28,237 | ▲ 171% |
| Profit (loss) for the period before taxes9903 | €55,239 | €4,496 | €21,891 | €72,004 | €137,298 | €71,898 | ▼ 47.6% |
| Income taxes67/77 | €6,458 | €2,856 | €10,768 | €19,962 | €47,421 | €24,075 | ▼ 49.2% |
| Profit (loss) for the period9904 | €48,781 | €1,640 | €11,123 | €52,043 | €89,876 | €47,823 | ▼ 46.8% |
| Profit (loss) for the period to be appropriated9905 | €48,781 | €1,640 | €11,123 | €52,043 | €89,876 | €47,823 | ▼ 46.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €350,239 | €330,881 | €375,008 | €453,960 | €532,743 | €596,594 | ▲ 12.0% |
| Formation expenses20 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €34,008 | €31,615 | €18,084 | €23,748 | €20,093 | €35,003 | ▲ 74.2% |
| Intangible fixed assets21 | €31 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €31,616 | €29,255 | €15,724 | €21,387 | €17,732 | €32,403 | ▲ 82.7% |
| Plant, machinery and equipment23 | - | - | - | €14,075 | €11,560 | €5,404 | ▼ 53.3% |
| Furniture and vehicles24 | - | - | - | €3,717 | €3,091 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €3,594 | €3,081 | €26,999 | ▲ 776% |
| Financial fixed assets28 | €2,361 | €2,361 | €2,361 | €2,361 | €2,361 | €2,600 | ▲ 10.1% |
| Current assets29/58 | €316,231 | €299,266 | €356,924 | €430,213 | €512,650 | €561,591 | ▲ 9.5% |
| Amounts receivable after more than one year29 | - | - | - | €250,000 | €250,000 | €250,000 | = |
| Other amounts receivable291 | - | - | - | €250,000 | €250,000 | €250,000 | = |
| Stocks and contracts in progress3 | €1,302 | €10,250 | €1,672 | €1,672 | €4,367 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €1,672 | €4,367 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €287,789 | €275,856 | €80,034 | €125,970 | €195,547 | €297,439 | ▲ 52.1% |
| Trade receivables40 | - | - | - | €4,750 | €0 | €31,002 | - |
| Other amounts receivable41 | - | - | - | €121,220 | €195,547 | €266,437 | ▲ 36.3% |
| Current investments50/53 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €27,141 | €13,160 | €25,218 | €51,385 | €62,737 | €14,097 | ▼ 77.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,187 | €0 | €55 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €350,239 | €330,881 | €375,008 | €453,960 | €532,743 | €596,594 | ▲ 12.0% |
| Equity10/15 | €171,640 | €173,280 | €184,403 | €236,446 | €326,322 | €374,145 | ▲ 14.7% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €105,991 | €105,991 | €117,114 | €167,114 | €256,614 | €256,614 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | - | - | €4,399 | €4,399 | €4,399 | = |
| Distributable reserves133 | - | - | - | €160,715 | €250,215 | €250,215 | = |
| Profit (loss) carried forward14 | €45,649 | €47,289 | €47,289 | €49,332 | €49,708 | €97,531 | ▲ 96.2% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €178,599 | €157,601 | €190,606 | €217,515 | €206,421 | €222,449 | ▲ 7.8% |
| Amounts payable after more than one year17 | €38,742 | €5,313 | €14,000 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - |
| Amounts payable within one year42/48 | €137,391 | €150,028 | €173,997 | €212,254 | €204,921 | €220,565 | ▲ 7.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €16,871 | €8,969 | €10,237 | ▲ 14.1% |
| Financial debts43 | - | - | - | €2,456 | €2,456 | €3,060 | ▲ 24.6% |
| Credit institutions430/8 | - | - | - | €2,456 | €2,456 | €3,060 | ▲ 24.6% |
| Trade debts44 | €47,506 | €67,339 | €55,135 | €94,632 | €62,482 | €55,947 | ▼ 10.5% |
| Suppliers440/4 | - | - | - | €94,632 | €62,482 | €55,947 | ▼ 10.5% |
| Taxes, remuneration and social security45 | - | - | - | €98,295 | €131,015 | €151,321 | ▲ 15.5% |
| Taxes450/3 | - | - | - | €78,366 | €119,366 | €150,228 | ▲ 25.9% |
| Remuneration and social security454/9 | - | - | - | €19,929 | €11,649 | €1,093 | ▼ 90.6% |
| Other amounts payable47/48 | - | - | - | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €5,261 | €1,500 | €1,884 | ▲ 25.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,781 | €1,640 | €11,123 | €52,043 | €89,876 | €47,823 | ▼ 46.8% |
| + Depreciation and write-downs630 | €13,107 | €15,105 | €15,330 | €7,846 | €7,581 | €4,274 | ▼ 43.6% |
| Operating cash flow (approximation) | €61,888 | €16,745 | €26,453 | €59,889 | €97,457 | €52,097 | ▼ 46.5% |
| Investment in fixed assets (approximation) | - | -€12,712 | -€1,799 | -€13,509 | -€3,926 | -€19,184 | ▼ 389% |
| Change in cash | - | -€13,981 | €12,059 | €26,166 | €11,352 | -€48,639 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 30-10-2024 | 2024-00530811 |
| 31-12-2022 | full format | 31-10-2023 | 2023-00502805 |
| 31-12-2021 | full format | 14-11-2022 | 2022-20520245 |
| 31-12-2020 | full format | 22-11-2021 | 2021-77900504 |
| 31-12-2019 | full format | 30-11-2020 | 2020-73400338 |
| 31-12-2018 | full format | 30-10-2019 | 2019-72300096 |
| 31-12-2017 | full format | 03-10-2018 | 2018-68400304 |
| 31-12-2016 | full format | 13-12-2017 | 2017-72100392 |
| 31-12-2015 | full format | 01-12-2016 | 2016-69300254 |
| 31-12-2014 | full format | 23-02-2016 | 2016-04800589 |
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Of the 20,102 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,790. 7,125 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.