HIFA
ActiveSummary
The computed 12-month bankruptcy probability of HIFA is 4.8% (elevated). The 2024 annual accounts show negative equity (€-101k) and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 18936 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+82
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.18 in 2023; short-term debt: 153.4% and cash: 38% of total assets), and equity is negative.
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 2024Solvency, return and age of the figures
Solvency
-53.4%
Return on assets
10.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 18936 sector peers (2024).
NBB · sector comparisonPosition among 18936 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
32 d early
2022
32 d early
2021
122 d late
2020
54 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-101k▲ 16.7%
2023 · €-121k
2018: €8k
2019: €19k▲ +124% vs 2018
2020: €10k▼ -45.4% vs 2019
2021: €29k▲ +179% vs 2020highest in 7 years
2022: €-2k▼ -107% vs 2021
2023: €-121k▼ -5716% vs 2022lowest in 7 years
2024: €-101k▲ +16.7% vs 2023
2018 → 2024
Total assets
€189k▲ 47.9%
2023 · €128k
2018: €49k
2019: €78k▲ +58.0% vs 2018
2020: €62k▼ -21.1% vs 2019
2021: €65k▲ +5.5% vs 2020
2022: €27k▼ -58.1% vs 2021lowest in 7 years
2023: €128k▲ +370% vs 2022
2024: €189k▲ +47.9% vs 2023highest in 7 years
2018 → 2024
Net result
€20k
2023 · €-119k
2018: €2k
2019: €20k▲ +820% vs 2018highest in 7 years
2020: €-19k▼ -191% vs 2019
2021: €6k▲ +133% vs 2020
2022: €-31k▼ -607% vs 2021
2023: €-119k▼ -285% vs 2022lowest in 7 years
2024: €20k▲ +117% vs 2023
2018 → 2024
Working capital
€-202k▲ 1.3%
2023 · €-205k
2018: €-32k
2019: €-53k▼ -66.4% vs 2018
2020: €-49k▲ +5.9% vs 2019
2021: €-15k▲ +70.7% vs 2020highest in 7 years
2022: €-28k▼ -91.3% vs 2021
2023: €-205k▼ -638% vs 2022lowest in 7 years
2024: €-202k▲ +1.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€10k-€29k▲ 179%€-2k€-121k▼ 5,716%€-101k▲ 16.7%
2020: €10k
2021: €29k▲ +179% vs 2020highest in 5 years
2022: €-2k▼ -107% vs 2021
2023: €-121k▼ -5716% vs 2022lowest in 5 years
2024: €-101k▲ +16.7% vs 2023
Operating result€-23k-€6k€-30k€-114k▼ 276%€26k
2020: €-23k
2021: €6k▲ +128% vs 2020
2022: €-30k▼ -582% vs 2021
2023: €-114k▼ -276% vs 2022lowest in 5 years
2024: €26k▲ +123% vs 2023highest in 5 years
Net result€-19k-€6k€-31k€-119k▼ 285%€20k
2020: €-19k
2021: €6k▲ +133% vs 2020
2022: €-31k▼ -607% vs 2021
2023: €-119k▼ -285% vs 2022lowest in 5 years
2024: €20k▲ +117% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26k after a loss of €114k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €189k
Fixed assets
€101k ▲ 20.8%
Current assets
€88k ▲ 99.3%
Key figures and ratios
EBITDA
€37k▲
2023 · €-92k
Cash flow
€31k▲
2023 · €-97k
Solvency
-53.4%▲
2023 · -94.7%
Current ratio
0.30▲
2023 · 0.18
Quick ratio
0.27▲
2023 · 0.13
Debt to equity
-2.87▼
2023 · -2.06
ROA
10.7%▲
2023 · -93.1%
Interest coverage
6.28▲
2023 · -17.45
Debt
€290k▲
2023 · €249k
Debt ≤ 1 year
€290k▲
2023 · €249k
Staff costs
€328k▲
2023 · €181k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€128k€189k▲
Fixed assets21/28€84k€101k▲
Tangible fixed assets22/27€73k€69k▼
Plant, machinery and equipment23€705€633▼
Furniture and vehicles24€18k€15k▼
Other tangible fixed assets26€54k€53k▼
Financial fixed assets28€11k€32k▲
Current assets29/58€44k€88k▲
Stocks and contracts in progress3€11k€9k▼
Stocks30/36€11k€9k▼
Amounts receivable within one year40/41€12k€7k▼
Trade receivables40€9k€7k▼
Other amounts receivable41€3k-
Cash at bank and in hand54/58€18k€72k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€128k€189k▲
Equity10/15€-121k€-101k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-140k€-120k▲
Amounts payable17/49€249k€290k▲
Amounts payable within one year42/48€249k€290k▲
Trade debts44€13k€23k▲
Suppliers440/4€13k€23k▲
Taxes, remuneration and social security45€55k€49k▼
Taxes450/3€22k€26k▲
Remuneration and social security454/9€33k€23k▼
Other amounts payable47/48€181k€218k▲
Income statement
Code20232024
Remuneration, social security and pensions62€181k€328k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€11k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€93k€367k▲
Operating profit (loss)9901€-114k€26k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-119k€20k▲
Profit (loss) for the period9904€-119k€20k▲
Profit (loss) for the period to be appropriated9905€-119k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-140k€-120k▲
Profit (loss) brought forward from the previous period14P€-21k€-140k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10k | €4k | €181k | €328k | ▲ 80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €16k | €18k | €22k | €11k | ▼ 51.5% |
| Other operating charges640/8 | - | €275 | €1k | €3k | €3k | ▼ 16.5% |
| Gross operating margin9900 | €7k | €33k | €-7k | €93k | €367k | ▲ 294% |
| Operating profit (loss)9901 | €-23k | €6k | €-30k | €-114k | €26k | ▲ 123% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | €7k | - | €0 | €0 | - | - |
| Financial charges65/66B | - | €181 | €668 | €5k | €6k | ▲ 11.3% |
| Recurring financial charges65 | €73 | €181 | €668 | €5k | €6k | ▲ 11.3% |
| Profit (loss) for the period before taxes9903 | €-16k | €6k | €-31k | €-119k | €20k | ▲ 117% |
| Income taxes67/77 | €3k | - | - | - | - | - |
| Profit (loss) for the period9904 | €-19k | €6k | €-31k | €-119k | €20k | ▲ 117% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €6k | €-31k | €-119k | €20k | ▲ 117% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €65k | €27k | €128k | €189k | ▲ 47.9% |
| Fixed assets21/28 | €60k | €43k | €26k | €84k | €101k | ▲ 20.8% |
| Tangible fixed assets22/27 | €49k | €33k | €15k | €73k | €69k | ▼ 5.5% |
| Plant, machinery and equipment23 | - | €3k | - | €705 | €633 | ▼ 10.1% |
| Furniture and vehicles24 | - | €2k | - | €18k | €15k | ▼ 17.3% |
| Other tangible fixed assets26 | - | €28k | €15k | €54k | €53k | ▼ 1.4% |
| Financial fixed assets28 | €11k | €11k | €11k | €11k | €32k | ▲ 204% |
| Current assets29/58 | €2k | €22k | €2k | €44k | €88k | ▲ 99.3% |
| Stocks and contracts in progress3 | - | - | - | €11k | €9k | ▼ 15.3% |
| Stocks30/36 | - | - | - | €11k | €9k | ▼ 15.3% |
| Amounts receivable within one year40/41 | €1k | - | €1k | €12k | €7k | ▼ 47.2% |
| Trade receivables40 | - | - | - | €9k | €7k | ▼ 29.4% |
| Other amounts receivable41 | - | - | €1k | €3k | - | - |
| Cash at bank and in hand54/58 | €526 | €16k | €403 | €18k | €72k | ▲ 296% |
| Deferred charges and accrued income490/1 | - | €5k | - | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €65k | €27k | €128k | €189k | ▲ 47.9% |
| Equity10/15 | €10k | €29k | €-2k | €-121k | €-101k | ▲ 16.7% |
| Contributions10/11 | €6k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €620 | €620 | €620 | - | - | - |
| Non-distributable reserves130/1 | - | €620 | €620 | - | - | - |
| Reserves not available under the articles1311 | - | €620 | €620 | - | - | - |
| Profit (loss) carried forward14 | €4k | €10k | €-21k | €-140k | €-120k | ▲ 14.4% |
| Amounts payable17/49 | €51k | €36k | €29k | €249k | €290k | ▲ 16.5% |
| Amounts payable within one year42/48 | €51k | €36k | €29k | €249k | €290k | ▲ 16.5% |
| Trade debts44 | €6k | €2k | - | €13k | €23k | ▲ 85.5% |
| Suppliers440/4 | - | €2k | - | €13k | €23k | ▲ 85.5% |
| Taxes, remuneration and social security45 | - | €2k | - | €55k | €49k | ▼ 10.9% |
| Taxes450/3 | - | €2k | - | €22k | €26k | ▲ 20.0% |
| Remuneration and social security454/9 | - | - | - | €33k | €23k | ▼ 31.0% |
| Other amounts payable47/48 | - | €32k | €29k | €181k | €218k | ▲ 20.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €6k | €-31k | €-119k | €20k | ▲ 117% |
| + Depreciation and write-downs630 | €16k | €16k | €18k | €22k | €11k | ▼ 51.5% |
| Operating cash flow (approximation) | €-2k | €23k | €-13k | €-97k | €31k | ▲ 132% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-80k | €-28k | ▲ 64.9% |
| Change in cash | - | €16k | €-16k | €18k | €54k | ▲ 203% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-119k
Net result drops to €-119k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €20k ▲820%
Net result €20k, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel · 1 establishment unit since 2018
Ground area
686 m²
Building footprint
503 m²
Volume, LiDAR
6,574 m³
Parcel 21809K0432/00B000, Brussels · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAFE LES ARTISTES
since 20182.272.717.819
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0432/00B000 | Brussels | 686 m² | 1 · 503 m² | 16.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 siteBrussel2.272.717.819
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 4,092 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
Founded10-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.