HOT CHOCOLATE

Active

Private limited companyfounded 200818 yrs activeOudergemlaan 360, 1040 Etterbeek, BelgiumKBO/BCE: BE 0895.121.938

The computed 12-month bankruptcy probability of HOT CHOCOLATE is 1.6% (moderate). The 2025 annual accounts show equity of €102k and a net result of €46k. Equity is growing by ~52.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 11323 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

77 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability91▲+16

Solvency65▲+15

Growth78=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 2.94 against 2.13 in 2024; short-term debt: 24.3% and cash: 47.1% of total assets), but 59.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

40.3%

Return on assets

18.2%

Age of the figures

15 mo

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 10 filings

Deviation from the deadline

2025

2 d late

2024

4 d late

2023

on the day

2022

1 d late

2021

9 d late

2020

26 d late

2019

16 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close23-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€764k

EBIT margin

9.0%

Net result

€46k▲ 254%

2024 · €13k

2019: €-13k 2020: €8k 2021: €20k 2022: €51k 2023: €32k 2024: €13k

2019 → 2025

Working capital

€120k▲ 56.5%

2024 · €77k

2019: €21k 2020: €29k 2021: €56k 2022: €69k 2023: €81k 2024: €77k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€764k

Equity€-34k-€18k€49k▲ 178%€62k▲ 26.5%€102k▲ 64.5%

Operating result€27k-€68k▲ 151%€51k▼ 25.8%€24k▼ 53.2%€70k▲ 195%

Net result€20k-€51k▲ 152%€32k▼ 38.8%€13k▼ 58.7%€46k▲ 254%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 195% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €254k

28.6%

71.4%

Fixed assets €73k▼ 28.3%

Current assets €182k▲ 25.9%

Equity and liabilities €254k

40.3%

59.7%

Equity €102k▲ 64.5%

Debt €152k▼ 17.2%

The debt ratio falls from 74.6% to 59.7%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€104k▲

2024 · €57k

Cash flow

€80k▲

2024 · €46k

Solvency

40.3%▲

2024 · 25.4%

Current ratio

2.94▲

2024 · 2.13

Quick ratio

2.05▲

2024 · 1.28

Debt / equity

1.48▼

2024 · 2.94

ROE

45.1%▲

2024 · 20.9%

ROA

18.2%▲

2024 · 5.3%

Interest coverage

44.77▲

2024 · 17.67

Debt

€152k▼

2024 · €183k

Debt ≤ 1 year

€62k▼

2024 · €68k

Debt > 1 year

€88k▼

2024 · €114k

Income taxes

€22k▲

2024 · €8k

Staff costs

€135k▲

2024 · €125k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€246k€254k▲

Fixed assets21/28€101k€73k▼

Intangible fixed assets21€27k€23k▼

Tangible fixed assets22/27€74k€49k▼

Furniture and vehicles24€13k€8k▼

Leasing and similar rights25€11k€6k▼

Other tangible fixed assets26€51k€35k▼

Current assets29/58€144k€182k▲

Stocks and contracts in progress3€57k€55k▼

Stocks30/36€57k€55k▼

Amounts receivable within one year40/41€2k€7k▲

Trade receivables40€865€1k▲

Other amounts receivable41€915€6k▲

Cash at bank and in hand54/58€85k€120k▲

Deferred charges and accrued income490/1€378€293▼

Equity and liabilities

Total equity and liabilities10/49€246k€254k▲

Equity10/15€62k€102k▲

Contributions10/11€12k€12k=

Reserves13€50k€90k▲

Distributable reserves133€50k€90k▲

Profit (loss) carried forward14€359€401▲

Amounts payable17/49€183k€152k▼

Amounts payable after more than one year17€114k€88k▼

Financial debts170/4€114k€88k▼

Amounts payable within one year42/48€68k€62k▼

Current portion of amounts payable after more than one year42€38k€26k▼

Trade debts44€3k€4k▲

Suppliers440/4€3k€4k▲

Taxes, remuneration and social security45€21k€26k▲

Taxes450/3€2k€5k▲

Remuneration and social security454/9€20k€21k▲

Other amounts payable47/48€5k€6k▲

Accrued charges and deferred income492/3€2k€2k=

Income statement Code20242025

Remuneration, social security and pensions62€125k€135k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€34k▲

Other operating charges640/8€679€939▲

Gross operating margin9900€183k€240k▲

Operating profit (loss)9901€24k€70k▲

Financial income75/76B€63€114▲

Recurring financial income75€63€114▲

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€21k€68k▲

Income taxes67/77€8k€22k▲

Profit (loss) for the period9904€13k€46k▲

Profit (loss) for the period to be appropriated9905€13k€46k▲

Appropriation of the result

Profit (loss) to be appropriated9906€13k€47k▲

Profit (loss) brought forward from the previous period14P€332€358▲

Transfer to equity691/2€13k€40k▲

To other reserves6921€13k€40k▲

Profit to be distributed694/7-€6k

Directors or managers695-€6k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

18-08

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2025-10-01
Director resignation, Bertrand Moens (administrateur)
Director appointment, Dominique De Beys (administrateur)
Mandate compensation, Dominique De Beys

02-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 2 days late

2025

30-06

Financial Equity above €100kEq €102k ▲64.5%

6 profitable years in a row build equity to €102k.

04-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 4 days late

2024

31-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

01-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 1 day late

2022

30-06

Financial Highest result since 2019net €51k ▲152%

Net result €51k, the highest in the series.

09-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 9 days late

2021

26-02

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

2020

30-06

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

15-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

11-01

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

12-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

18-01

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2025

Dominique De Beys

Director · since 01-10-2025

Current

01-10-2025 Dominique De Beys: Appointed as Director

30-09-2025 Bertrand Moens: Resigned as Director

Location & real-estate footprint

Registered office, Etterbeek · 3 establishment units since 2009

establishment All 3 establishment units on the map

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.

Oudergemlaan 3601040 Etterbeek

Ground area

4.0 ha

Building footprint

1.5 ha

Volume, LiDAR

106,471 m³

3 parcels, Brussels, Flanders · tallest building 28.1 m, ±8 floors. Linked by address, not a title deed.

3 establishment units

Hot Chocolate

Oudergemlaan 360, 1040 EtterbeekWholesale trade

since 20092.182.820.593

Leonidas

Luxemburgstraat 1C, 1000 BrusselWholesale trade

since 20172.264.836.568

Leonidas Kraainem

Wezembeeklaan 114, 1950 KraainemWholesale trade

since 20212.316.985.154

3 parcels

Flanders 1 (33.3%) Brussels 2 (66.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22002B0010/00C000	Flanders	4.0 ha	1 · 1.4 ha	12.6 m · 2 fl.
21805E0496/00F000	Brussels	609 m²	1 · 524 m²	28.1 m · 8 fl.
21362B0036/00T007	Brussels	82 m²	1 · 80 m²	13.4 m · 3 fl.