HORECA B&B
The computed 12-month bankruptcy probability of HORECA B&B is 3.5% (moderate). The 2023 annual accounts show equity of €21k and a net result of €-36k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 4885 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €21k |
| Net result | €-36k |
| Staff (FTE) | 6.6 |
| Better than sector | 52% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.9% | 16.6% | |
| Net result | €-36k | €2k | |
| Equity | €21k | €11k | |
| Gross operating margin | €118k | €41k | |
| Staff costs | €149k | €47k |
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-32k | €28k | €24k | €7k | €25k |
| Net profit | €-36k | €21k | €13k | €2k | €12k |
| Cash flow | €-34k | €24k | €19k | €5k | €15k |
| Staff costs | €149k | €91k | €121k | - | - |
| Income taxes | - | €3k | - | €801 | €5k |
| Dividends | - | - | - | - | - |
| Total assets | €110k | €114k | €107k | €69k | €74k |
| Equity | €21k | €57k | €35k | €22k | €22k |
| Debt | €89k | €57k | €71k | €47k | €52k |
| of which ≤ 1y | €84k | €48k | €58k | €47k | €47k |
| of which > 1y | €5k | €9k | €13k | - | - |
| Working capital | €20k | €61k | €42k | €18k | €21k |
| Employees (FTE) | 6.6 | 7.0 | 7.0 | 3.8 | 3.9 |
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Current ratio | 1.24 | 2.28 | 1.72 | 1.38 | 1.44 |
| Quick ratio | 0.96 | 1.79 | 1.41 | 1.15 | 1.38 |
| Working capital ratio | 18.1% | 53.6% | 39.0% | 25.8% | 28.1% |
| Solvency | 18.9% | 49.8% | 33.1% | 32.5% | 29.7% |
| Debt / equity | 4.29 | 1.01 | 2.02 | - | - |
| Long-term debt ratio | 0.26 | 0.17 | 0.38 | - | - |
| Interest coverage | -20.30 | 15.78 | 4.40 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -32.7% | 18.8% | 12.0% | 2.4% | 16.2% |
| ROE | -173.1% | 37.8% | 36.3% | 7.3% | 54.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €110k | €114k | €107k | €69k | €74k |
| Fixed assets | 21/28 | €6k | €5k | €7k | €5k | €6k |
| Tangible fixed assets | 22/27 | €6k | €5k | €7k | €5k | €6k |
| Current assets | 29/58 | €104k | €109k | €100k | €65k | €68k |
| Stocks & contracts in progress | 3 | €23k | €23k | €18k | €11k | €3k |
| Amounts receivable within one year | 40/41 | €74k | €74k | €69k | €50k | €35k |
| Investments | 50/53 | €3k | €3k | €3k | €3k | €3k |
| Cash & bank | 54/58 | €3k | €9k | €10k | €715 | €26k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €110k | €114k | €107k | €69k | €74k |
| Equity | 10/15 | €21k | €57k | €35k | €22k | €22k |
| Contributions / capital | 10/11 | €10k | €10k | €10k | €10k | €10k |
| Reserves | 13 | €11k | €11k | €11k | €11k | €11k |
| Accumulated profits (losses) | 14 | €-68 | €36k | €14k | €2k | €1k |
| Amounts payable | 17/49 | €89k | €57k | €71k | €47k | €52k |
| Amounts payable after one year | 17 | €5k | €9k | €13k | - | - |
| Amounts payable within one year | 42/48 | €84k | €48k | €58k | €47k | €47k |
| Trade debts payable within one year | 44 | €3k | €2k | €24k | €29k | €24k |
| Income statement | ||||||
| Gross operating margin | 9900 | €118k | €120k | €146k | €90k | €94k |
| Operating result | 9901 | €-34k | €26k | €18k | €3k | €22k |
| Financial income | 75 | €1 | €685 | €53 | €501 | €468 |
| Financial charges | 65 | €2k | €2k | €5k | €2k | €3k |
| Result before taxes | 9903 | €-36k | €25k | €13k | €1k | €19k |
| Income taxes | 67/77 | - | €3k | - | €801 | €5k |
| Net result for the period | 9904 | €-36k | €21k | €13k | €547 | €14k |
| Result to be appropriated | 9905 | €-36k | €21k | €13k | €547 | €14k |
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 25-03-2015 |
| Status | Active |
| Postal code | 4900 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072M0409/00D000 | Wallonia | 834 m² | 1 · 384 m² | 9.6 m · 2 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-07-2023 Registered office moved from stavelot to SPA
- Baronheid 412a 4970 stavelot → MALCHAMPS 2A, 4900 SPA
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "MALCHAMPS 2A, 4900 SPA",
"city": "SPA",
"region": "waals_gewest",
"street": "MALCHAMPS",
"country": "BE",
"postcode": "4900",
"box_number": null,
"street_number": "2A",
"locality_suffix": null
},
"old_address": {
"raw": "Baronheid 412a 4970 stavelot",
"city": "stavelot",
"region": "waals_gewest",
"street": "Baronheid",
"country": "BE",
"postcode": "4970",
"box_number": null,
"street_number": "412a",
"locality_suffix": null
},
"effective_date": "2022-07-01",
"evidence_quote": "Nous avons d\u00E9m\u00E9nag\u00E9 le 1/07/2022 et nous voulons changer notre adresse de siege",
"region_changed": false,
"is_statute_change": true,
"nationality_change": true,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-06-30",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2022-07-01",
"unanimous": null
},
"subject_company": {
"kbo": "0607.997.879",
"name_full": "horeca b\u0026b",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Jordan Beaupain",
"org_rep_person_name": null,
"person_role_at_subject": "gerant"
},
"co_filed_documents": [
"Mod 000 19.01"
]
}| Legal nameFR | HORECA B&B |