Horeca 44
ActiveThe computed 12-month bankruptcy probability of Horeca 44 is 4.3% (elevated). The 2024 annual accounts show equity of €135k and a net result of €64k. Its solvency ranks better than 38% of 2935 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+3
Solvency47▲+11
Growth78
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.58 against 0.47 in 2023; short-term debt: 49% and cash: 20.5% of total assets), and 77.9% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 26-06-2025, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
19 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€135k▲ 90.5%
2023 · €71k
2023: €71k
2023 → 2024
Total assets
€611k▼ 6.4%
2023 · €653k
2023: €653k
2023 → 2024
Net result
€64k▲ 26.0%
2023 · €51k
2023: €51k
2023 → 2024
Working capital
€-126k▲ 32.1%
2023 · €-185k
2023: €-185k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€71k-€135k▲ 90.5%
Operating result€85k-€107k▲ 26.6%
Net result€51k-€64k▲ 26.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 27% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €611k
Fixed assets
€437k▼ 9.9%
Current assets
€174k▲ 3.6%
Equity and liabilities €611k
Equity
€135k▲ 90.5%
Debt
€476k▼ 18.2%
The debt ratio falls from 89.1% to 77.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€169k▲
2023 · €158k
Cash flow
€126k▲
2023 · €124k
Solvency
22.1%▲
2023 · 10.9%
Current ratio
0.58▲
2023 · 0.47
Quick ratio
0.57▲
2023 · 0.46
Debt / equity
3.51▼
2023 · 8.19
ROE
47.5%▼
2023 · 71.8%
ROA
10.5%▲
2023 · 7.8%
Interest coverage
13.01▲
2023 · 9.98
Debt
€476k▼
2023 · €582k
Debt ≤ 1 year
€299k▼
2023 · €353k
Debt > 1 year
€176k▼
2023 · €220k
Income taxes
€30k▲
2023 · €18k
Staff costs
€224k▼
2023 · €226k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€653k€611k▼
Fixed assets21/28€485k€437k▼
Intangible fixed assets21€437k€386k▼
Tangible fixed assets22/27€43k€46k▲
Plant, machinery and equipment23€27k€29k▲
Furniture and vehicles24€4k€5k▲
Other tangible fixed assets26€12k€11k▼
Financial fixed assets28€6k€6k=
Current assets29/58€167k€174k▲
Stocks and contracts in progress3€4k€4k▼
Stocks30/36€4k€4k▼
Amounts receivable within one year40/41€9k€24k▲
Trade receivables40€9k€24k▲
Cash at bank and in hand54/58€138k€125k▼
Deferred charges and accrued income490/1€16k€20k▲
Equity and liabilities
Total equity and liabilities10/49€653k€611k▼
Equity10/15€71k€135k▲
Contributions10/11€20k€20k=
Reserves13€51k€115k▲
Distributable reserves133€51k€115k▲
Amounts payable17/49€582k€476k▼
Amounts payable after more than one year17€220k€176k▼
Financial debts170/4€220k€176k▼
Amounts payable within one year42/48€353k€299k▼
Current portion of amounts payable after more than one year42€42k€44k▲
Trade debts44€156k€39k▼
Suppliers440/4€156k€39k▼
Taxes, remuneration and social security45€27k€68k▲
Taxes450/3€7k€44k▲
Remuneration and social security454/9€19k€24k▲
Other amounts payable47/48€128k€148k▲
Accrued charges and deferred income492/3€9k€365▼
Income statement
Code20232024
Remuneration, social security and pensions62€226k€224k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€73k€61k▼
Other operating charges640/8€4k€9k▲
Gross operating margin9900€388k€402k▲
Operating profit (loss)9901€85k€107k▲
Financial income75/76B€45€1▼
Recurring financial income75€45€1▼
Financial charges65/66B€16k€13k▼
Recurring financial charges65€16k€13k▼
Profit (loss) for the period before taxes9903€69k€94k▲
Income taxes67/77€18k€30k▲
Profit (loss) for the period9904€51k€64k▲
Profit (loss) for the period to be appropriated9905€51k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€64k▲
Transfer to equity691/2€51k€64k▲
To other reserves6921€51k€64k▲
Social balance
Average headcount (FTE)90873.64.3▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €100kEq €135k ▲90.5%
2 profitable years in a row build equity to €135k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kolonel Dusartplein 443500 HasseltGround area
179 m²
Building footprint
179 m²
Volume, LiDAR
1,140 m³
Parcel 71022H0001/00P007, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Horeca 44
since 20222.335.187.304
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0001/00P007 | Flanders | 179 m² | 1 · 179 m² | 12.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 siteHasselt2.335.187.304
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BE 0805.145.530
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DE KUYPER
BE 0461.146.710
Wuustwezel · Eq €135k
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BE 0802.529.597
Heist-op-den-Berg · Eq €135k
SNOOKER SPORTS
BE 0867.209.989
Maasmechelen · Eq €135k
Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 3,448 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2022
Fiscal year end31-12
Activities, NACEBEL
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.