HUBA
ActiveSummary
The computed 12-month bankruptcy probability of HUBA is 4.5% (elevated). The 2025 annual accounts show equity of €22,629 and a net result of €24,830. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 18626 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-19
Solvency32▲+8
Growth78▲+20
Track record84
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.87 against 0.76 in 2024; short-term debt: 65% and cash: 10.1% of total assets), and 93.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.8%
Return on assets
7.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
26 d late
2023
29 d late
2022
31 d late
2021
17 d late
2020
26 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×2
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 (5 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
€22,629
2024 · -€2,201
Total assets
€333,910▼ 2.6%
2024 · €342,802
Net result
€24,830▼ 48.7%
2024 · €48,423
Working capital
-€28,902▲ 48.3%
2024 · -€55,935
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€48,934-€41,335-€4,062▲ 90.2%€46,245€41,035▼ 11.3%
Net result€43,386within the sector's middle half-€52,537below the sector's middle half-€18,744below the sector's middle half▲ 64.3%€48,423above the sector's middle half€24,830above the sector's middle half▼ 48.7%
Equity€20,657below the sector's middle half-€31,880below the sector's middle half-€50,624below the sector's middle half▼ 58.8%-€2,201below the sector's middle half▲ 95.7%€22,629within the sector's middle half
Total assets€424,257below the sector's middle half▲ 5.5%€379,103below the sector's middle half▼ 10.6%€349,648below the sector's middle half▼ 7.8%€342,802above the sector's middle half▼ 2.0%€333,910within the sector's middle half▼ 2.6%
Debt€403,600▼ 5.0%€410,983▲ 1.8%€400,272▼ 2.6%€345,003▼ 13.8%€311,281▼ 9.8%
Working capital€886below the sector's middle half-€49,882below the sector's middle half-€63,825below the sector's middle half▼ 28.0%-€55,935below the sector's middle half▲ 12.4%-€28,902below the sector's middle half▲ 48.3%
Solvency4.9%below the sector's middle half▲ 10.5pp-8.4%below the sector's middle half▼ 13.3pp-14.5%below the sector's middle half▼ 6.1pp-0.6%below the sector's middle half▲ 13.8pp6.8%within the sector's middle half▲ 7.4pp
Current ratio1.00below the sector's middle half▲ 0.190.78below the sector's middle half▼ 0.220.72below the sector's middle half▼ 0.060.76below the sector's middle half▲ 0.040.87within the sector's middle half▲ 0.10
Return on assets (ROA)10.2%within the sector's middle half▲ 14.4pp-13.9%below the sector's middle half▼ 24.1pp-5.4%below the sector's middle half▲ 8.5pp14.1%above the sector's middle half▲ 19.5pp7.4%within the sector's middle half▼ 6.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €333,910
Fixed assets
€145,791 ▼ 9.7%
Current assets
€188,119 ▲ 3.7%
Equity and liabilities €333,910
Equity
€22,629
Debt
€311,281
Debt finances 93.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€62,397▼
2024 · €67,214
Cash flow
€46,192▼
2024 · €69,392
Quick ratio
0.18▲
2024 · 0.15
Debt to equity
13.76
ROE
109.7%
Interest coverage
4.72▼
2024 · 11.16
Debt ≤ 1 year
€217,021▼
2024 · €237,262
Debt > 1 year
€94,260▼
2024 · €107,741
Income taxes
€4,397▲
2024 · €140
Staff costs
€694
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.5% 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 1,325 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €694 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,934 | €23,817 | €24,268 | €20,969 | €21,362 | ▲ 1.9% |
| Other operating charges640/8 | €373 | €239 | €2,990 | €147 | €3,351 | ▲ 2,178% |
| Gross operating margin9900 | €72,240 | -€17,279 | €23,195 | €67,361 | €66,442 | ▼ 1.4% |
| Operating profit (loss)9901 | €48,934 | -€41,335 | -€4,062 | €46,245 | €41,035 | ▼ 11.3% |
| Financial income75/76B | €574 | €486 | €231 | €8,342 | €1,416 | ▼ 83.0% |
| Recurring financial income75 | €574 | €486 | €231 | €8,342 | €1,416 | ▼ 83.0% |
| Financial charges65/66B | €5,417 | €11,569 | €9,734 | €6,025 | €13,224 | ▲ 120% |
| Recurring financial charges65 | €5,417 | €11,569 | €9,734 | €6,025 | €13,224 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €44,091 | -€52,418 | -€13,566 | €48,562 | €29,227 | ▼ 39.8% |
| Income taxes67/77 | €705 | €120 | €5,178 | €140 | €4,397 | ▲ 3,052% |
| Profit (loss) for the period9904 | €43,386 | -€52,537 | -€18,744 | €48,423 | €24,830 | ▼ 48.7% |
| Profit (loss) for the period to be appropriated9905 | €43,386 | -€52,537 | -€18,744 | €48,423 | €24,830 | ▼ 48.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €424,257 | €379,103 | €349,648 | €342,802 | €333,910 | ▼ 2.6% |
| Fixed assets21/28 | €206,811 | €200,711 | €182,444 | €161,475 | €145,791 | ▼ 9.7% |
| Intangible fixed assets21 | €4,656 | €2,328 | - | - | - | - |
| Tangible fixed assets22/27 | €201,105 | €197,333 | €181,394 | €160,425 | €144,741 | ▼ 9.8% |
| Land and buildings22 | €184,914 | €184,941 | €169,976 | €153,150 | €136,325 | ▼ 11.0% |
| Plant, machinery and equipment23 | €9,820 | €7,650 | €7,964 | €4,859 | €7,038 | ▲ 44.9% |
| Furniture and vehicles24 | €6,370 | €4,743 | €3,454 | €2,416 | €1,377 | ▼ 43.0% |
| Financial fixed assets28 | €1,050 | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Current assets29/58 | €217,447 | €178,392 | €167,204 | €181,327 | €188,119 | ▲ 3.7% |
| Stocks and contracts in progress3 | €174,791 | €156,061 | €155,041 | €145,284 | €148,394 | ▲ 2.1% |
| Stocks30/36 | €174,791 | €156,061 | €155,041 | €145,284 | €148,394 | ▲ 2.1% |
| Amounts receivable within one year40/41 | €8,214 | €7,832 | €7,682 | €1,173 | €1,741 | ▲ 48.4% |
| Trade receivables40 | €5,412 | €7,832 | €7,682 | €1,173 | €1,655 | ▲ 41.1% |
| Other amounts receivable41 | €2,802 | - | - | - | €85 | - |
| Cash at bank and in hand54/58 | €30,716 | €10,942 | €2,900 | €30,181 | €33,688 | ▲ 11.6% |
| Deferred charges and accrued income490/1 | €3,726 | €3,556 | €1,581 | €4,689 | €4,297 | ▼ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €424,257 | €379,103 | €349,648 | €342,802 | €333,910 | ▼ 2.6% |
| Equity10/15 | €20,657 | -€31,880 | -€50,624 | -€2,201 | €22,629 | ▲ 1,128% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | - | €4,029 | - |
| Distributable reserves133 | - | - | - | - | €4,029 | - |
| Profit (loss) carried forward14 | €2,057 | -€50,480 | -€69,224 | -€20,801 | €0 | ▲ 100% |
| Amounts payable17/49 | €403,600 | €410,983 | €400,272 | €345,003 | €311,281 | ▼ 9.8% |
| Amounts payable after more than one year17 | €187,039 | €182,710 | €169,243 | €107,741 | €94,260 | ▼ 12.5% |
| Financial debts170/4 | €187,039 | €182,710 | €169,243 | €107,741 | €94,260 | ▼ 12.5% |
| Amounts payable within one year42/48 | €216,561 | €228,274 | €231,029 | €237,262 | €217,021 | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | €11,475 | €13,209 | €14,059 | €13,008 | €13,481 | ▲ 3.6% |
| Financial debts43 | - | - | - | - | €126 | - |
| Credit institutions430/8 | - | - | - | - | €126 | - |
| Trade debts44 | €9,205 | €25,701 | €22,761 | €3,045 | €6,012 | ▲ 97.4% |
| Suppliers440/4 | €9,205 | €25,701 | €22,761 | €3,045 | €6,012 | ▲ 97.4% |
| Advances received on contracts in progress46 | - | - | - | - | €7,801 | - |
| Taxes, remuneration and social security45 | €15,685 | €10,475 | €10,011 | €18,417 | €15,021 | ▼ 18.4% |
| Taxes450/3 | €12,185 | €10,475 | €10,011 | €14,417 | €13,184 | ▼ 8.6% |
| Remuneration and social security454/9 | €3,500 | - | - | €4,000 | €1,837 | ▼ 54.1% |
| Other amounts payable47/48 | €180,196 | €178,889 | €184,199 | €202,792 | €174,580 | ▼ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,386 | -€52,537 | -€18,744 | €48,423 | €24,830 | ▼ 48.7% |
| + Depreciation and write-downs630 | €22,934 | €23,817 | €24,268 | €20,969 | €21,362 | ▲ 1.9% |
| Operating cash flow (approximation) | €66,320 | -€28,720 | €5,524 | €69,392 | €46,192 | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | -€17,717 | -€6,001 | €0 | -€5,678 | - |
| Change in cash | - | -€19,773 | -€8,042 | €27,280 | €3,507 | ▼ 87.1% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
02-06
KBO administration
UBO non-compliance
event 19-05-2025
23-05
KBO administration
UBO non-compliance
event 15-05-2025
2024
31-12
Financial
Back to profitnet €48,423
Net result €48,423 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€52,537
Net result drops to -€52,537, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial
Back to profitnet €43,386
Net result €43,386 after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
Show earlier events
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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 2013
Ground area
1,074 m²
Building footprint
161 m²
Volume, LiDAR
829 m³
Parcel 71322A0163/03L004, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cosine
since 20132.220.034.446
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0163/03L004 | Flanders | 1,074 m² | 1 · 161 m² | 7.6 m · 2 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.
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Of 6,495 companies in sector 47716 we hold annual accounts for 2,440. 1,619 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
Founded17-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
32123Manufacture of jewellery
47722Retail trade
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534612530
Also
9925:BE0534612530
Registered
21-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.