HOOKAH
ActiveSummary
The computed 12-month bankruptcy probability of HOOKAH is 4.0% (moderate). The 2024 annual accounts show equity of €102,901 and a net result of -€5,975. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 83% of 18940 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-75
Solvency94▲+20
Growth52=
Track record100
Bankruptcy probability, 12 months
4.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 3.49 against 2.7 in 2023; short-term debt: 26.3% and cash: 0% of total assets), and 31.2% of the assets are financed with debt.
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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
68.8%
Return on assets
-4%
Age of the figures
21 mo
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 24-07-2025, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
27 d early
2022
66 d late
2021
96 d late
2020
27 d late
2019
142 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 50 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, micro schema
Turnover
€457,916
EBIT margin
17.9%
Net result
-€5,975
2023 · €36,312
Working capital
€98,260▼ 25.5%
2023 · €131,937
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
Turnover
Operating result-€17,915€39,891€20,769▼ 47.9%€40,630▲ 95.6%-€13,259
Net result-€19,982below the sector's middle half€37,051above the sector's middle half€16,355within the sector's middle half▼ 55.9%€36,312above the sector's middle half▲ 122%-€5,975below the sector's middle half
EBIT margin
Equity€19,159within the sector's middle half▼ 60.5%€56,210within the sector's middle half▲ 193%€72,565within the sector's middle half▲ 29.1%€108,876above the sector's middle half▲ 50.0%€102,901above the sector's middle half▼ 5.5%
Total assets€120,929within the sector's middle half▲ 2.7%€146,199within the sector's middle half▲ 20.9%€169,544within the sector's middle half▲ 16.0%€223,591within the sector's middle half▲ 31.9%€149,582within the sector's middle half▼ 33.1%
Debt€101,769▲ 47.0%€89,989▼ 11.6%€96,979▲ 7.8%€114,714▲ 18.3%€46,681▼ 59.3%
Working capital€12,141within the sector's middle half▲ 2.2%€48,073above the sector's middle half▲ 296%€68,314above the sector's middle half▲ 42.1%€131,937above the sector's middle half▲ 93.1%€98,260above the sector's middle half▼ 25.5%
Solvency15.8%within the sector's middle half▼ 25.3pp38.4%within the sector's middle half▲ 22.6pp42.8%within the sector's middle half▲ 4.4pp48.7%within the sector's middle half▲ 5.9pp68.8%above the sector's middle half▲ 20.1pp
Current ratio1.16within the sector's middle half▼ 0.031.66within the sector's middle half▲ 0.511.85within the sector's middle half▲ 0.192.70above the sector's middle half▲ 0.853.49above the sector's middle half▲ 0.79
Return on assets (ROA)-16.5%below the sector's middle half▼ 42.7pp25.3%above the sector's middle half▲ 41.9pp9.6%within the sector's middle half▼ 15.7pp16.2%above the sector's middle half▲ 6.6pp-4.0%within the sector's middle half▼ 20.2pp
Staff (FTE)7.7above the sector's middle half4▼ 48.1%7.7▲ 92.5%6.5▼ 15.6%
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13,259 after €40,630 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149,582
Fixed assets
€11,914 ▼ 16.4%
Current assets
€137,669 ▼ 34.2%
Equity and liabilities €149,582
Equity
€102,901 ▼ 5.5%
Debt
€46,681 ▼ 59.3%
Debt's share of the balance-sheet total falls from 51.3% to 31.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,658▼
2023 · €47,704
Cash flow
-€374▼
2023 · €43,386
Debt to equity
0.45▼
2023 · 1.05
ROE
-5.8%▼
2023 · 33.4%
Interest coverage
-2.57▼
2023 · 6.88
Debt ≤ 1 year
€39,409▼
2023 · €77,403
Debt > 1 year
€7,273▼
2023 · €14,545
Income taxes
€214▼
2023 · €6,255
Staff costs
€5,551▼
2023 · €44,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,915 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 | - | €13,132 | - | €4,203 | €732 | ▼ 82.6% |
| Remuneration, social security and pensions62 | - | €26,324 | €85,818 | €44,063 | €5,551 | ▼ 87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,375 | €7,803 | €7,670 | €7,074 | €5,602 | ▼ 20.8% |
| Other operating charges640/8 | - | €3,106 | €1,426 | €9,322 | €459 | ▼ 95.1% |
| Gross operating margin9900 | €61,442 | €77,125 | €115,683 | €101,089 | -€1,648 | ▼ 102% |
| Operating profit (loss)9901 | -€17,915 | €39,891 | €20,769 | €40,630 | -€13,259 | ▼ 133% |
| Financial income75/76B | - | €7 | €8,840 | €8,872 | €10,483 | ▲ 18.2% |
| Recurring financial income75 | €4,758 | €7 | €8,840 | €8,872 | €10,483 | ▲ 18.2% |
| Financial charges65/66B | - | €2,847 | €8,701 | €6,935 | €2,985 | ▼ 57.0% |
| Recurring financial charges65 | €6,825 | €2,847 | €8,701 | €6,935 | €2,985 | ▼ 57.0% |
| Profit (loss) for the period before taxes9903 | -€19,982 | €37,051 | €20,908 | €42,567 | -€5,761 | ▼ 114% |
| Income taxes67/77 | - | - | €4,553 | €6,255 | €214 | ▼ 96.6% |
| Profit (loss) for the period9904 | -€19,982 | €37,051 | €16,355 | €36,312 | -€5,975 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | -€19,982 | €37,051 | €16,355 | €36,312 | -€5,975 | ▼ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,929 | €146,199 | €169,544 | €223,591 | €149,582 | ▼ 33.1% |
| Fixed assets21/28 | €31,448 | €25,669 | €21,325 | €14,251 | €11,914 | ▼ 16.4% |
| Tangible fixed assets22/27 | €31,234 | €25,455 | €21,111 | €14,037 | €11,700 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €4,253 | €2,507 | €761 | €1,830 | ▲ 140% |
| Furniture and vehicles24 | - | €6,901 | €3,960 | €1,731 | €1,423 | ▼ 17.8% |
| Other tangible fixed assets26 | - | €14,301 | €14,644 | €11,545 | €8,447 | ▼ 26.8% |
| Financial fixed assets28 | €214 | €214 | €214 | €214 | €214 | = |
| Current assets29/58 | €89,481 | €120,530 | €148,219 | €209,339 | €137,669 | ▼ 34.2% |
| Stocks and contracts in progress3 | €5,808 | €7,395 | €1,231 | €1,118 | - | - |
| Stocks30/36 | - | €7,395 | €1,231 | €1,118 | - | - |
| Amounts receivable within one year40/41 | €83,672 | €113,136 | €144,731 | €192,536 | €137,623 | ▼ 28.5% |
| Trade receivables40 | - | - | - | €4,753 | €327 | ▼ 93.1% |
| Other amounts receivable41 | - | €113,136 | €144,731 | €187,783 | €137,296 | ▼ 26.9% |
| Cash at bank and in hand54/58 | - | - | €2,257 | €15,685 | €46 | ▼ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,929 | €146,199 | €169,544 | €223,591 | €149,582 | ▼ 33.1% |
| Equity10/15 | €19,159 | €56,210 | €72,565 | €108,876 | €102,901 | ▼ 5.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,494 | €1,494 | €1,494 | €1,494 | €1,494 | = |
| Non-distributable reserves130/1 | - | €1,494 | €1,494 | €1,494 | €1,494 | = |
| Legal reserve130 | - | €1,494 | €1,494 | €1,494 | - | - |
| Other1319 | - | - | - | - | €1,494 | - |
| Profit (loss) carried forward14 | -€935 | €36,115 | €52,470 | €88,782 | €82,807 | ▼ 6.7% |
| Amounts payable17/49 | €101,769 | €89,989 | €96,979 | €114,714 | €46,681 | ▼ 59.3% |
| Amounts payable after more than one year17 | - | - | - | €14,545 | €7,273 | ▼ 50.0% |
| Financial debts170/4 | - | - | - | €14,545 | €7,273 | ▼ 50.0% |
| Amounts payable within one year42/48 | €77,340 | €72,458 | €79,905 | €77,403 | €39,409 | ▼ 49.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,589 | €7,905 | ▲ 4.2% |
| Financial debts43 | - | €12,037 | - | - | €8,902 | - |
| Credit institutions430/8 | - | €12,037 | - | - | €8,902 | - |
| Trade debts44 | €42,210 | €33,908 | €19,600 | €22,451 | €10,072 | ▼ 55.1% |
| Suppliers440/4 | - | €33,908 | €19,600 | €22,451 | €10,072 | ▼ 55.1% |
| Advances received on contracts in progress46 | - | - | - | - | €1,257 | - |
| Taxes, remuneration and social security45 | - | €26,513 | €60,305 | €47,363 | €11,273 | ▼ 76.2% |
| Taxes450/3 | - | €6,669 | €33,577 | €34,253 | €8,357 | ▼ 75.6% |
| Remuneration and social security454/9 | - | €19,844 | €26,728 | €13,110 | €2,916 | ▼ 77.8% |
| Accrued charges and deferred income492/3 | - | €17,532 | €17,075 | €22,766 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,982 | €37,051 | €16,355 | €36,312 | -€5,975 | ▼ 116% |
| + Depreciation and write-downs630 | €25,375 | €7,803 | €7,670 | €7,074 | €5,602 | ▼ 20.8% |
| Operating cash flow (approximation) | €5,393 | €44,854 | €24,025 | €43,386 | -€374 | ▼ 101% |
| Investment in fixed assets (approximation) | - | -€2,024 | -€3,327 | €0 | -€3,264 | - |
| Change in cash | - | - | - | €13,428 | -€15,640 | ▼ 216% |
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
2026
28-07
State Gazette act
Resignation: Chergui Ismaël (director)Share transfer · Shareholding4 facts ▸
State Gazette act
Resignation: Chergui Ismaël (director)
Share transfer · Shareholding4 facts ▸
- General meeting, 20-10-2025
- Director resignation, Chergui Ismaël (director)
- Share transfer, Chergui Ismaël → Khalid El Abbadi
- Shareholding, 100% des parts, 100
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €108,876 ▲50%
3 profitable years in a row build equity to €108,876.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
31-12
Financial
Back to profitnet €37,051
Net result €37,051 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet -€19,982
Net result drops to -€19,982, the lowest in the series; recovery starts the following year.
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 142 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 1.19
Current ratio from 0.54 to 1.19; short-term debt falls from €65,255 to €63,797.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2016
Ground area
9,346 m²
Building footprint
1,407 m²
Volume, LiDAR
25,889 m³
Parcel 21447B0298/00S013, Brussels · tallest building 29.7 m, ±6 floors. Linked by address, not a title deed.
29
companies at this address
See who is registered here
1 establishment unit
Le Monarque
since 20162.255.185.068
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0298/00S013 | Brussels | 9,346 m² | 1 · 1,407 m² | 29.7 m · 6 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Chergui Ismaël |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 28-07-2026 ↗
- Khalid El Abbadi 100%
Share transfer
act of 28-07-2026 ↗
- Chergui Ismaël to Khalid El Abbadi 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.255.185.068
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AYSU
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 7,786 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
Founded03-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0653775941
Also
9925:BE0653775941
Registered
13-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.