HUGO
ActiveSummary
HUGO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €358k and a net result of €-11k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 3705 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+12
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 82.68; short-term debt: 1.2% and cash: 16.3% of total assets), and 1.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
98.8%
Return on assets
-3%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
16 d late
2023
14 d late
2022
2 d early
2021
1 d early
2020
105 d early
2019
90 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€358k▼ 2.9%
2024 · €369k
2018: €116klowest in 8 years
2019: €133k▲ +14.9% vs 2018
2020: €154k▲ +16.0% vs 2019
2021: €170k▲ +10.6% vs 2020
2022: €420k▲ +147% vs 2021highest in 8 years
2023: €398k▼ -5.3% vs 2022
2024: €369k▼ -7.2% vs 2023
2025: €358k▼ -2.9% vs 2024
2018 → 2025
Total assets
€363k▼ 1.7%
2024 · €369k
2018: €227klowest in 8 years
2019: €241k▲ +6.2% vs 2018
2020: €252k▲ +4.8% vs 2019
2021: €270k▲ +6.8% vs 2020
2022: €574k▲ +113% vs 2021highest in 8 years
2023: €398k▼ -30.6% vs 2022
2024: €369k▼ -7.2% vs 2023
2025: €363k▼ -1.7% vs 2024
2018 → 2025
Net result
€-11k▲ 62.7%
2024 · €-29k
2018: €36k
2019: €37k▲ +3.7% vs 2018
2020: €-20k▼ -154% vs 2019
2021: €11k▲ +156% vs 2020
2022: €250k▲ +2109% vs 2021highest in 8 years
2023: €-22k▼ -109% vs 2022
2024: €-29k▼ -28.4% vs 2023lowest in 8 years
2025: €-11k▲ +62.7% vs 2024
2018 → 2025
Working capital
€358k▼ 15.9%
2022 · €426k
2018: €-6klowest value
2019: €56k▲ +992% vs 2018
2020: €125k▲ +124% vs 2019
2021: €143k▲ +15.2% vs 2020
2022: €426k▲ +197% vs 2021highest value
2025: €358k
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€420k▲ 147%€398k▼ 5.3%€369k▼ 7.2%€358k▼ 2.9%
2021: €170klowest in 5 years
2022: €420k▲ +147% vs 2021highest in 5 years
2023: €398k▼ -5.3% vs 2022
2024: €369k▼ -7.2% vs 2023
2025: €358k▼ -2.9% vs 2024
Operating result€42k-€378k▲ 804%€-21k€-25k▼ 16.9%€-21k▲ 18.0%
2021: €42k
2022: €378k▲ +804% vs 2021highest in 5 years
2023: €-21k▼ -106% vs 2022
2024: €-25k▼ -16.9% vs 2023lowest in 5 years
2025: €-21k▲ +18.0% vs 2024
Net result€11k-€250k▲ 2,109%€-22k€-29k▼ 28.4%€-11k▲ 62.7%
2021: €11k
2022: €250k▲ +2109% vs 2021highest in 5 years
2023: €-22k▼ -109% vs 2022
2024: €-29k▼ -28.4% vs 2023lowest in 5 years
2025: €-11k▲ +62.7% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €25k in 2024; the loss shrinks.
Balance-sheet composition
Equity and liabilities €363k
Equity
€358k
Debt
€4k
Debt finances 1.2% of the balance-sheet total.
Key figures and ratios
Current ratio
82.68
Debt to equity
0.01
ROE
-3.0%▲
2024 · -7.8%
ROA
-3.0%▲
2024 · -7.8%
Debt ≤ 1 year
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet
Code20242025
Assets
Total assets20/58€369k€363k▼
Current assets29/58€369k€363k▼
Amounts receivable within one year40/41€300k€304k▲
Other amounts receivable41€300k€304k▲
Cash at bank and in hand54/58€70k€59k▼
Equity and liabilities
Total equity and liabilities10/49€369k€363k▼
Equity10/15€369k€358k▼
Contributions10/11€19k€19k=
Reserves13€328k€328k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€16k€16k=
Distributable reserves133€311k€311k=
Profit (loss) carried forward14€22k€12k▼
Amounts payable17/49-€4k
Amounts payable within one year42/48-€4k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Income statement
Code20242025
Other operating charges640/8€646€3k▲
Non-recurring operating charges66A€689-
Gross operating margin9900€-24k€-17k▲
Operating profit (loss)9901€-25k€-21k▲
Financial income75/76B-€10k
Recurring financial income75-€10k
Financial charges65/66B€4k€442▼
Recurring financial charges65€4k€442▼
Profit (loss) for the period before taxes9903€-29k€-11k▲
Profit (loss) for the period9904€-29k€-11k▲
Profit (loss) for the period to be appropriated9905€-29k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€12k▼
Profit (loss) brought forward from the previous period14P€51k€22k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €455k | - | - | - | - |
| Remuneration, social security and pensions62 | €40k | €37k | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €42k | - | - | - | - |
| Other operating charges640/8 | €13k | €1k | €2k | €646 | €3k | ▲ 440% |
| Non-recurring operating charges66A | €14k | €480 | €-38 | €689 | - | - |
| Gross operating margin9900 | €132k | €458k | €-18k | €-24k | €-17k | ▲ 28.1% |
| Operating profit (loss)9901 | €42k | €378k | €-21k | €-25k | €-21k | ▲ 18.0% |
| Financial income75/76B | €115 | €240 | €411 | - | €10k | - |
| Recurring financial income75 | €115 | €240 | €411 | - | €10k | - |
| Financial charges65/66B | €5k | €4k | €2k | €4k | €442 | ▼ 88.2% |
| Recurring financial charges65 | €5k | €4k | €2k | €4k | €442 | ▼ 88.2% |
| Profit (loss) for the period before taxes9903 | €37k | €375k | €-23k | €-29k | €-11k | ▲ 62.7% |
| Income taxes67/77 | €26k | €125k | €-578 | - | - | - |
| Profit (loss) for the period9904 | €11k | €250k | €-22k | €-29k | €-11k | ▲ 62.7% |
| Profit (loss) for the period to be appropriated9905 | €11k | €250k | €-22k | €-29k | €-11k | ▲ 62.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270k | €574k | €398k | €369k | €363k | ▼ 1.7% |
| Fixed assets21/28 | €66k | €50 | - | - | - | - |
| Tangible fixed assets22/27 | €66k | - | - | - | - | - |
| Plant, machinery and equipment23 | €15k | - | - | - | - | - |
| Furniture and vehicles24 | €16k | - | - | - | - | - |
| Other tangible fixed assets26 | €35k | - | - | - | - | - |
| Financial fixed assets28 | €50 | €50 | - | - | - | - |
| Current assets29/58 | €203k | €574k | €398k | €369k | €363k | ▼ 1.7% |
| Stocks and contracts in progress3 | €1k | - | - | - | - | - |
| Stocks30/36 | €1k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €137k | €515k | €270k | €300k | €304k | ▲ 1.4% |
| Trade receivables40 | €412 | €312k | - | - | - | - |
| Other amounts receivable41 | €137k | €203k | €270k | €300k | €304k | ▲ 1.4% |
| Cash at bank and in hand54/58 | €62k | €58k | €128k | €70k | €59k | ▼ 15.2% |
| Deferred charges and accrued income490/1 | €2k | €608 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270k | €574k | €398k | €369k | €363k | ▼ 1.7% |
| Equity10/15 | €170k | €420k | €398k | €369k | €358k | ▼ 2.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €78k | €328k | €328k | €328k | €328k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €16k | €16k | €16k | €16k | €16k | = |
| Distributable reserves133 | €60k | €311k | €311k | €311k | €311k | = |
| Profit (loss) carried forward14 | €74k | €74k | €51k | €22k | €12k | ▼ 47.9% |
| Amounts payable17/49 | €99k | €153k | - | - | €4k | - |
| Amounts payable after more than one year17 | €3k | €345 | - | - | - | - |
| Financial debts170/4 | €3k | - | - | - | - | - |
| Other amounts payable178/9 | - | €345 | - | - | - | - |
| Amounts payable within one year42/48 | €60k | €148k | - | - | €4k | - |
| Current portion of amounts payable after more than one year42 | €5k | €3k | - | - | - | - |
| Trade debts44 | €48k | €17k | - | - | - | - |
| Suppliers440/4 | €48k | €17k | - | - | - | - |
| Taxes, remuneration and social security45 | €7k | €127k | - | - | €4k | - |
| Taxes450/3 | €2k | €125k | - | - | €4k | - |
| Remuneration and social security454/9 | €6k | €2k | - | - | - | - |
| Accrued charges and deferred income492/3 | €37k | €5k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €250k | €-22k | €-29k | €-11k | ▲ 62.7% |
| + Depreciation and write-downs630 | €23k | €42k | - | - | - | - |
| Operating cash flow (approximation) | €35k | €292k | €-22k | €-29k | €-11k | ▲ 62.7% |
| Investment in fixed assets (approximation) | - | €25k | - | - | - | - |
| Change in cash | - | €-4k | €70k | €-58k | €-11k | ▲ 81.7% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 16 days late
2024
30-09
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €250k ▲2,109%
Operating result €378k, net result €250k, both a record.
30-09
Financial
Equity above €200kEq €420k ▲147%
2 profitable years in a row build equity to €420k.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €150kEq €154k ▲16%
Equity rises from €133k to €154k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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 1996
Ground area
332 m²
Building footprint
318 m²
Volume, LiDAR
2,057 m³
2 parcels, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EXPORT
since 19962.077.065.156
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0001/00P007 | Flanders | 179 m² | 1 · 179 m² | 12.1 m · 2 fl. |
| 71022H1384/00N009 | Flanders | 153 m² | 1 · 140 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TCHUNGUI-AGUNYO
BE 0643.449.401
Wevelgem · Eq €359,555
DE WATERHOEK
BE 0438.280.741
Dessel · Eq €359,565
Ventura
BE 0646.768.185
Gent · Eq €356,880
BARZA PROJECTS
BE 0666.667.835
Kortenaken · Eq €356,577
CAVE SAINT JACQUES
BE 0880.361.409
Tournai · Eq €355,595
Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 2,406 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
Founded13-06-1996
Fiscal year end30-09
Activities, NACEBEL 2025
56301Cafés and bars
Scores and ratios are computed by Checked and are not a credit decision.