HOCO
ActiveSummary
The computed 12-month bankruptcy probability of HOCO is 4.1% (elevated). The 2024 annual accounts show equity of €54,845 and a net result of -€35,867. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 1763 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
Profitability51▲+8
Solvency29▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.55 against 0.58 in 2023; short-term debt: 16.4% and cash: 1% of total assets), and 95.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
4.5%
Return on assets
-2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-09-2025, 36 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
36 d late
2023
31 d late
2022
79 d late
2021
143 d late
2020
109 d late
2019
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 87 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€35,867▼ 17.7%
2023 · -€30,483
Working capital
-€91,438▼ 14.7%
2023 · -€79,702
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€50,765€11,386-€19,011-€11,623▲ 38.9%-€25,597▼ 120%
Net result-€47,327below the sector's middle half€13,253within the sector's middle half€9,691within the sector's middle half▼ 26.9%-€30,483below the sector's middle half-€35,867below the sector's middle half▼ 17.7%
Equity-€41,370below the sector's middle half-€47,838below the sector's middle half▼ 15.6%-€47,249below the sector's middle half▲ 1.2%-€82,283below the sector's middle half▼ 74.1%€54,845within the sector's middle half
Total assets€931,523above the sector's middle half▼ 6.4%€1.0mabove the sector's middle half▲ 9.7%€1.2mabove the sector's middle half▲ 18.5%€1.1mabove the sector's middle half▼ 6.9%€1.2mabove the sector's middle half▲ 8.9%
Debt€959,240▼ 1.1%€1.0m▲ 8.7%€1.3m▲ 20.7%€1.2m▼ 3.9%€1.2m▼ 3.1%
Working capital-€648,843▲ 9.1%-€534,832▲ 17.6%-€23,578▲ 95.6%-€79,702▼ 238%-€91,438▼ 14.7%
Solvency-4.4%within the sector's middle half▼ 7.0pp-4.7%below the sector's middle half▼ 0.2pp-3.9%within the sector's middle half▲ 0.8pp-7.3%below the sector's middle half▼ 3.4pp4.5%within the sector's middle half▲ 11.8pp
Staff (FTE)8.4above the sector's middle half▲ 16.7%11.1▲ 32.1%19.1above the sector's middle half▲ 72.1%17within the sector's middle half▼ 11.0%9.4within the sector's middle half▼ 44.7%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Staff (FTE) +72% on 2021. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,597 in 2024 against €11,623 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▲ 9.9%
Current assets
€109,546 ▼ 0.4%
Equity and liabilities €1.2m
Equity
€54,845
Debt
€1.2m
Debt finances 95.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€64,266▼
2023 · €77,747
Cash flow
€53,995▼
2023 · €58,887
Current ratio
0.55▼
2023 · 0.58
Quick ratio
0.49▼
2023 · 0.53
Debt to equity
21.39▲
2023 · -14.70
ROE
-65.4%
ROA
-2.9%▼
2023 · -2.7%
Interest coverage
4.36▲
2023 · 3.35
Debt ≤ 1 year
€200,984▲
2023 · €189,703
Debt > 1 year
€971,823▼
2023 · €1.0m
Income taxes
€279▲
2023 · €239
Staff costs
€251,311▼
2023 · €329,250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 849 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,633 | - | €1,043 | - |
| Remuneration, social security and pensions62 | - | €185,949 | €295,914 | €329,250 | €251,311 | ▼ 23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,493 | €84,342 | €83,152 | €89,370 | €89,862 | ▲ 0.6% |
| Other operating charges640/8 | - | €7,110 | €2,709 | €10,897 | €7,723 | ▼ 29.1% |
| Gross operating margin9900 | €162,621 | €288,787 | €362,764 | €417,894 | €323,300 | ▼ 22.6% |
| Operating profit (loss)9901 | -€50,765 | €11,386 | -€19,011 | -€11,623 | -€25,597 | ▼ 120% |
| Financial income75/76B | - | €4,581 | €36,551 | €4,571 | €4,756 | ▲ 4.0% |
| Recurring financial income75 | €5,218 | €4,581 | €36,551 | €4,571 | €4,756 | ▲ 4.0% |
| Financial charges65/66B | - | €4,231 | €7,562 | €23,192 | €14,747 | ▼ 36.4% |
| Recurring financial charges65 | €3,297 | €4,231 | €7,562 | €23,192 | €14,747 | ▼ 36.4% |
| Profit (loss) for the period before taxes9903 | -€48,844 | €11,736 | €9,977 | -€30,244 | -€35,588 | ▼ 17.7% |
| Transfer from deferred taxes780 | - | €1,517 | - | - | - | - |
| Income taxes67/77 | - | - | €286 | €239 | €279 | ▲ 16.9% |
| Profit (loss) for the period9904 | -€47,327 | €13,253 | €9,691 | -€30,483 | -€35,867 | ▼ 17.7% |
| Profit (loss) for the period to be appropriated9905 | -€47,327 | €13,253 | €9,691 | -€30,483 | -€35,867 | ▼ 17.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €931,523 | €1.0m | €1.2m | €1.1m | €1.2m | ▲ 8.9% |
| Fixed assets21/28 | €859,475 | €776,101 | €1.1m | €1.0m | €1.1m | ▲ 9.9% |
| Intangible fixed assets21 | €423 | €33 | - | - | - | - |
| Tangible fixed assets22/27 | €858,722 | €775,738 | €1.1m | €1.0m | €1.1m | ▲ 9.9% |
| Land and buildings22 | - | €762,282 | €996,268 | €921,062 | €1.0m | ▲ 11.1% |
| Plant, machinery and equipment23 | - | €2,485 | €5,532 | €4,769 | €5,619 | ▲ 17.8% |
| Furniture and vehicles24 | - | €10,971 | €85,617 | €91,424 | €88,815 | ▼ 2.9% |
| Financial fixed assets28 | €330 | €330 | €330 | €330 | €330 | = |
| Current assets29/58 | €72,048 | €246,080 | €123,845 | €110,000 | €109,546 | ▼ 0.4% |
| Stocks and contracts in progress3 | €700 | €700 | €7,750 | €10,000 | €12,000 | ▲ 20.0% |
| Stocks30/36 | - | €700 | €7,750 | €10,000 | €12,000 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €24,709 | €44,783 | €55,799 | €71,582 | €80,783 | ▲ 12.9% |
| Trade receivables40 | - | €20,211 | €8,623 | €102 | €755 | ▲ 642% |
| Other amounts receivable41 | - | €24,572 | €47,176 | €71,480 | €80,028 | ▲ 12.0% |
| Cash at bank and in hand54/58 | €46,639 | €200,559 | €54,208 | €25,017 | €12,157 | ▼ 51.4% |
| Deferred charges and accrued income490/1 | - | €39 | €6,087 | €3,401 | €4,605 | ▲ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €931,523 | €1.0m | €1.2m | €1.1m | €1.2m | ▲ 8.9% |
| Equity10/15 | -€41,370 | -€47,838 | -€47,249 | -€82,283 | €54,845 | ▲ 167% |
| Contributions10/11 | - | €64,000 | €64,000 | €64,000 | €64,000 | = |
| Revaluation surpluses12 | - | - | - | - | €177,546 | - |
| Profit (loss) carried forward14 | -€146,330 | -€133,077 | -€123,385 | -€153,868 | -€189,736 | ▼ 23.3% |
| Investment grants15 | - | €21,238 | €12,136 | €7,585 | €3,034 | ▼ 60.0% |
| Provisions and deferred taxes16 | €13,653 | €27,306 | - | - | - | - |
| Deferred taxes168 | - | €27,306 | - | - | - | - |
| Amounts payable17/49 | €959,240 | €1.0m | €1.3m | €1.2m | €1.2m | ▼ 3.1% |
| Amounts payable after more than one year17 | €238,349 | €261,801 | €1.1m | €1.0m | €971,823 | ▼ 4.5% |
| Financial debts170/4 | - | €261,801 | €1.1m | €1.0m | €971,823 | ▼ 4.5% |
| Amounts payable within one year42/48 | €720,891 | €780,912 | €147,423 | €189,703 | €200,984 | ▲ 5.9% |
| Current portion of amounts payable after more than one year42 | - | €29,397 | €62,341 | €87,183 | €55,977 | ▼ 35.8% |
| Financial debts43 | - | €3,052 | €1,460 | €770 | €759 | ▼ 1.4% |
| Credit institutions430/8 | - | €3,052 | €1,460 | €770 | €759 | ▼ 1.4% |
| Trade debts44 | €10,390 | - | €30,130 | €59,239 | €68,615 | ▲ 15.8% |
| Suppliers440/4 | - | - | €30,130 | €59,239 | €68,615 | ▲ 15.8% |
| Advances received on contracts in progress46 | - | €125 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €58,439 | €53,492 | €18,742 | €31,052 | ▲ 65.7% |
| Taxes450/3 | - | €15,555 | €14,402 | €18,742 | €31,052 | ▲ 65.7% |
| Remuneration and social security454/9 | - | €42,884 | €39,090 | - | - | - |
| Other amounts payable47/48 | - | €689,899 | - | €23,770 | €44,580 | ▲ 87.6% |
| Accrued charges and deferred income492/3 | - | - | €5,000 | €3,000 | €60 | ▼ 98.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47,327 | €13,253 | €9,691 | -€30,483 | -€35,867 | ▼ 17.7% |
| + Depreciation and write-downs630 | €83,493 | €84,342 | €83,152 | €89,370 | €89,862 | ▲ 0.6% |
| Operating cash flow (approximation) | €36,166 | €97,595 | €92,844 | €58,887 | €53,995 | ▼ 8.3% |
| Investment in fixed assets (approximation) | - | -€968 | -€394,797 | -€19,209 | -€190,443 | ▼ 891% |
| Change in cash | - | €153,919 | -€146,351 | -€29,191 | -€12,860 | ▲ 55.9% |
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
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 36 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 79 days late
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
2021
31-12
Financial
Back to profitnet €13,253
Net result €13,253 after one loss-making year.
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 109 days late
2020
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
2019
31-12
Financial
Back to profitnet €98,597
Net result €98,597 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2017
Ground area
135 m²
Building footprint
98 m²
Volume, LiDAR
1,014 m³
Parcel 21013B0342/00E012, Brussels · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Charleroise Steenweg 177, 1060 Sint-Gillis (bij-Brussel)
since 20172.262.529.255
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0342/00E012 | Brussels | 135 m² | 1 · 98 m² | 16.5 m · 3 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 siteSint-Gillis2.262.529.255
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,873 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
Founded13-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670992649
Also
9925:BE0670992649
Registered
20-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.