HQE
ActiveSummary
The computed 12-month bankruptcy probability of HQE is 13.3% (high). The annual accounts of HQE for fiscal year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €435 and a net result of -€508. Equity is shrinking by ~35.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 42% of 13604 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency46▼-17
Growth32=
Track record92
Bankruptcy probability, 12 months
13.3%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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 · 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
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 2025Age of the figures
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
20 d late
2023
25 d late
2022
142 d late
2021
25 d late
2020
26 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 45 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€435▼ 53.9%
2024 · €943
Total assets
€2,059▼ 16.5%
2024 · €2,466
Net result
-€508▲ 75.9%
2024 · -€2,110
Working capital
€2,166▼ 49.6%
2022 · €4,300
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
Line20212022202320242025
Operating result-€24,892€14,132€1,803▼ 87.2%-€1,873-€358▲ 80.9%
Net result-€26,942below the sector's middle half€13,904within the sector's middle half-€1,240within the sector's middle half-€2,110within the sector's middle half▼ 70.2%-€508within the sector's middle half▲ 75.9%
Equity-€9,610below the sector's middle half€4,293within the sector's middle half€3,053within the sector's middle half▼ 28.9%€943within the sector's middle half▼ 69.1%€435within the sector's middle half▼ 53.9%
Total assets€21,119below the sector's middle half▼ 16.9%€8,365below the sector's middle half▼ 60.4%€5,273below the sector's middle half▼ 37.0%€2,466below the sector's middle half▼ 53.2%€2,059below the sector's middle half▼ 16.5%
Debt€30,729▲ 280%€4,072▼ 86.7%€2,219▼ 45.5%€1,523▼ 31.4%€1,624▲ 6.6%
Working capital-€12,453within the sector's middle half€4,300within the sector's middle half€2,166within the sector's middle half▼ 49.6%
Solvency-45.5%below the sector's middle half▼ 113.7pp51.3%within the sector's middle half▲ 96.8pp57.9%above the sector's middle half▲ 6.6pp
Current ratio0.59within the sector's middle half▼ 11.582.87above the sector's middle half▲ 2.281.98within the sector's middle half▼ 0.89
Return on assets (ROA)-127.6%below the sector's middle half▼ 136.7pp166.2%above the sector's middle half▲ 293.8pp-23.5%below the sector's middle half▼ 189.7pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €358 in 2025 against €1,873 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2,059
Fixed assets
€172 ▼ 67.5%
Current assets
€1,887 ▼ 2.5%
Equity and liabilities €2,059
Equity
€435 ▼ 53.9%
Debt
€1,624 ▲ 6.6%
Debt's share of the balance-sheet total rises from 61.8% to 78.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€0▲
2024 · -€1,515
Cash flow
-€151▲
2024 · -€1,752
Interest coverage
0.00▲
2024 · -6.38
Debt > 1 year
€1,624▲
2024 · €1,523
Ratios withheld: a balance sheet total of €2,059 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
6.4%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 13.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,133 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €904 | €1,076 | €879 | €358 | €358 | = |
| Other operating charges640/8 | €3,415 | €402 | €600 | €330 | - | - |
| Gross operating margin9900 | -€20,573 | €15,610 | €3,281 | -€1,185 | - | - |
| Operating profit (loss)9901 | -€24,892 | €14,132 | €1,803 | -€1,873 | -€358 | ▲ 80.9% |
| Financial income75/76B | €616 | €27 | - | - | - | - |
| Recurring financial income75 | €616 | €27 | - | - | - | - |
| Financial charges65/66B | €1,735 | €256 | €3,043 | €238 | €151 | ▼ 36.6% |
| Recurring financial charges65 | €1,735 | €256 | €3,043 | €238 | €151 | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | -€26,011 | €13,904 | -€1,240 | -€2,110 | -€508 | ▲ 75.9% |
| Income taxes67/77 | €931 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€26,942 | €13,904 | -€1,240 | -€2,110 | -€508 | ▲ 75.9% |
| Profit (loss) for the period to be appropriated9905 | -€26,942 | €13,904 | -€1,240 | -€2,110 | -€508 | ▲ 75.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,119 | €8,365 | €5,273 | €2,466 | €2,059 | ▼ 16.5% |
| Fixed assets21/28 | €2,843 | €1,766 | €888 | €530 | €172 | ▼ 67.5% |
| Tangible fixed assets22/27 | €2,843 | €1,766 | €888 | €530 | €172 | ▼ 67.5% |
| Plant, machinery and equipment23 | €1,604 | €1,246 | €888 | €530 | €172 | ▼ 67.5% |
| Furniture and vehicles24 | €1,239 | €521 | - | - | - | - |
| Current assets29/58 | €18,276 | €6,599 | €4,385 | €1,936 | €1,887 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €17,606 | €6,251 | €2,502 | €1,825 | €1,825 | = |
| Trade receivables40 | €6,807 | €6,251 | €1,825 | €1,825 | €1,825 | = |
| Other amounts receivable41 | €10,799 | - | €677 | - | - | - |
| Cash at bank and in hand54/58 | €106 | €348 | €1,883 | €111 | €62 | ▼ 44.3% |
| Deferred charges and accrued income490/1 | €563 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,119 | €8,365 | €5,273 | €2,466 | €2,059 | ▼ 16.5% |
| Equity10/15 | -€9,610 | €4,293 | €3,053 | €943 | €435 | ▼ 53.9% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€24,610 | -€10,707 | -€11,947 | -€14,057 | -€14,565 | ▼ 3.6% |
| Amounts payable17/49 | €30,729 | €4,072 | €2,219 | €1,523 | €1,624 | ▲ 6.6% |
| Amounts payable after more than one year17 | - | €1,773 | - | €1,523 | €1,624 | ▲ 6.6% |
| Other amounts payable178/9 | - | €1,773 | - | €1,523 | €1,624 | ▲ 6.6% |
| Amounts payable within one year42/48 | €30,729 | €2,299 | €2,219 | - | - | - |
| Trade debts44 | €13,171 | €186 | - | - | - | - |
| Suppliers440/4 | €13,171 | €186 | - | - | - | - |
| Advances received on contracts in progress46 | €15,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €1,446 | €2,113 | €2,219 | - | - | - |
| Taxes450/3 | €1,446 | €2,113 | €2,219 | - | - | - |
| Other amounts payable47/48 | €1,112 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,942 | €13,904 | -€1,240 | -€2,110 | -€508 | ▲ 75.9% |
| + Depreciation and write-downs630 | €904 | €1,076 | €879 | €358 | €358 | = |
| Operating cash flow (approximation) | -€26,038 | €14,980 | -€361 | -€1,752 | -€151 | ▲ 91.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €242 | €1,535 | -€1,772 | -€49 | ▲ 97.2% |
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
Next filing, fiscal year 2026, expected by
2026
04-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 16-01-2026
- Registered-office move, Zandkapelweg 28, 2200 herentals
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
19-01
KBO administration
Address struck
Slachthuisstraat 13 L’adresse du siège Slachthuisstraat 13 2400 Die Sitzadresse Slachthuisstraat 13 2400 Mol
2400 Mol werd doorgehaald met ingang van Mol · event 03-11-2025
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
2022
31-12
Financial
Back to profitnet €13,904
Net result €13,904 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 2.87
Current ratio from 0.59 to 2.87; short-term debt falls from €30,729 to €2,299.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet -€26,942
Net result drops to -€26,942, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2019
Ground area
737 m²
Building footprint
135 m²
Volume, LiDAR
412 m³
Parcel 13027C0185/00T000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HQE
since 20192.296.831.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027C0185/00T000 | Flanders | 737 m² | 1 · 135 m² | 7.7 m · 1 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 siteHerentals2.296.831.623
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Of 7,499 companies in sector 56210 we hold annual accounts for 2,451. 176 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
Founded05-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738791887
Also
9925:BE0738791887
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.