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HUMA

Active Private limited companyfounded 2001active for 24 yearsLauwestraat 59, 8560 WevelgemKBO/BCE: BE 0476.468.156 subsidiary of FLEGO#4 company by equity in Wevelgem, Accommodation and food service sector
HUMA
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Overview

Lifetime

18 annual accounts with figures on one time axis, 23 filings since 2002
Gross marginpeak €1.4m (2023)
€952,574▼ 19.4%
Resultlowest -€309,484 (2021)
-€63,637▼ €199,096
Equitypeak €522,513 (2024)
€458,876▼ 12.2%
Debts
€904,904▲ 40.0%
Staffpeak 127.6 FTE (2020)
42.7 FTE▼ 42.8%
Board2 names since 2022
1 directorFLEGO
Owners
  
Documentsfilings and deeds
31-10-2025on the last day
2025abbreviated format
Gross margin from €1.2m to €952,574Loss of €63,637Staff from 74.7 FTE to 42.7 FTEEquity from €522,513 to €458,876Debts from €646,399 to €904,904Cash from €34,191 to €8,947

Key points

from the 2025 annual accounts

Result

-€63,637 -€63,637
€135,0002024-€63,6002025

From profit to loss in 2025, after a profit of €135,459 in 2024.

Turnover

≈ €2.2m estimated

The abbreviated format states no turnover.

Debts

€904,904 ▲ 40.0%
Suppliers
+232,387
Advances received
+47,311
The rest
-21,193

Debts rose by €258,505 in 2025.

Staff

42.7 FTE from 127.6 in 2020

Between 2020 and 2025, 67% of the full-time equivalents disappeared.

Filings

23 annual accounts 5 days past the deadline
deadline20102020

2026 accounts not filed: deadline was 31-10-2026.

Position in the sector

-€63,637

Lower net result than 92% of companies in food and beverage service. Sector median €10,388 · 4,805 companies.

Checked score

34
Weak
Financially stronger than 32% of small companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.4% Elevated
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.9% across 1,619 companies (NACE 56, small).

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.4%lowest value 01-2025: 1.4%● unchanged vs 12-2024lowest value 02-2025: 1.4%● unchanged vs 01-2025lowest value 03-2025: 1.4%● unchanged vs 02-2025lowest value 04-2025: 1.4%● unchanged vs 03-2025lowest value 05-2025: 1.4%● unchanged vs 04-2025lowest value 06-2025: 1.4%● unchanged vs 05-2025lowest value 07-2025: 1.5%▲ +0.1 percentage points vs 06-2025 08-2025: 1.6%▲ +0.1 percentage points vs 07-2025 09-2025: 1.5%▼ -0.1 percentage points vs 08-2025 10-2025: 2.1%▲ +0.6 percentage points vs 09-2025 11-2025: 3.3%▲ +1.2 percentage points vs 10-2025 12-2025: 3.7%▲ +0.4 percentage points vs 11-2025 01-2026: 3.7%● unchanged vs 12-2025 02-2026: 3.7%● unchanged vs 01-2026 03-2026: 3.7%● unchanged vs 02-2026 04-2026: 3.7%● unchanged vs 03-2026 05-2026: 3.7%● unchanged vs 04-2026 06-2026: 3.7%● unchanged vs 05-2026 07-2026: 4.0%▲ +0.3 percentage points vs 06-2026 08-2026: 4.0%● unchanged vs 07-2026 09-2026: 3.9%▼ -0.1 percentage points vs 08-2026 10-2026: 6.8%▲ +2.9 percentage points vs 09-2026 11-2026: 7.4%▲ +0.6 percentage points vs 10-2026highest value

Financial strength
Weak

Solvency
59-11equity 33.6% of total assets
Liquidity
16-9short-term debt 65.3% · cash 0.7%
Profitability
57-26return on assets -4.7%

Score breakdown

raises risk
Judicial reorganisation on record (2 publications, latest 18-06-2021)
Figures for financial year 2025 (filed on 04-11-2025)
Size: 42.7 FTE, total assets €1.4m
Sector: Food and beverage service activities (NACE 56)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small). It does better than 57% of them on solvency, 9% on liquidity, 34% on profitability and 27% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-03-2025.

Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 8,617 companies had the same profile as HUMA has now. Each dot stands for 22 companies, two years later.

94.1%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of HUMA itself is higher: 7.4% within 12 months. It rests on far more data about HUMA than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 8,617 companies, not a prediction for HUMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €15,000 on 30-day terms, only on tighter conditions: judicial reorganisation (WER Book XX) on file

Liquidity is insufficient, with a current ratio of 0.57 (0.44 in 2024), below 1. Short-term debt is 65.3% and cash 0.7% of total assets. 66.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises riskneutral
raises risk · Judicial reorganisation on record (2 publications, latest 18-06-2021)
Belgian Official Gazette
raises risk · Figures for financial year 2025 (filed on 04-11-2025)
NBB · annual accounts
raises risk · Size: 42.7 FTE, total assets €1.4m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Food and beverage service activities (NACE 56)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
on the day
2024
on the day
2023
10 days late
2022
27 days late
2021
42 days early
2020
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 1 day before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

F
FLEGO
Director, Alexis Maes, since 28-12-2023
  • FLEGO 100%score 65equity €3.0m (2025) · 2025 annual accounts of FLEGO
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0476468156
New director FLEGO appointed, Alexis Maes resigned · Permanent representative: Alexis Maes · “Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op de uitbating van…” (deed in Dutch) · General meeting of 28-12-2023 · Gazette deed
Registered office moved from Ledegem to Wevelgem New registered office: Lauwestraat 59, 8560 Wevelgem · Previous registered office: Izegemsestraat 59, 8880 Ledegem (Sint-Eloois-Winkel) · Board meeting of 26-10-2022 · Gazette deed
Plan homologation Enterprise Court of Ghent · judgment of 15-06-2021 · Judicial reorganisation
All 36 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
HUMA Wevelgem €1.4m €1.0m 33.6% 42.7
LEPREVAN Bruges €1.6m €1.1m -11.4% 34
TOM & ILONA Kortrijk €1.7m €1.4m 25.2% 45.2
Ribs and Beer Brugge Bruges €1.0m €0.9m 59.0% 34.5
ISOLA Rixensart €1.6m €1.3m 50.0% 37.7
PRICE & QUALITY CULINAIR Koksijde €1.8m €1.2m -74.6% 32.7
MAXIM'S FOOD INVEST Brussels €1.5m €1.5m 65.8% 35.8

These companies have the same main activity as HUMA: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €955,000 and €1.8m, founded between 1997 and 2003.

Official details

Source: KBO
Status
Active since 27-12-2001Normal situation
Activity
Full-service restaurantsNACE 56111and 2 others
Joint committee
302Hotels and catering · annual accounts 31-03-2025
Establishment unit
2.232.079.2728560 Wevelgem, since 19-04-2013
Financial year end
31 March
Peppol
Reachable since 30-09-2025
Company details

Annual accounts to 31-03-2025

Gross margin
€952,574▼ 19.4%
Loss
€63,637
Equity
€458,876▼ 12.2%
Total assets
€1.4m▲ 16.7%
Employeeson 31-03-2025
5▼ 87.5%
Filing
Filed on 31-10-2025
Financials

Insights on HUMA

HUMA files the abbreviated format. That format states no turnover. The gross margin rose from €79,684 in 2007 to €952,574 in 2025.

The balance sheet grew most from 2022 to 2023 through fixed assets.

FLEGO holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 31-10-2025, on the day of the deadline
Gross margin
€952,574
▼ 19.4%
Operating result
-€30,823
▼ €188,009
Loss
-€63,637
▼ €199,096
Working capital
-€380,379
▼ €15,944
Solvency
33.6%
▼ 11.1 percentage points
Current ratio
0.57
▲ 0.14

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.2m. Estimated: probably between €2.1m and €3.1m.

In the rankings #4 company by equity in Wevelgem, Accommodation and food service sector#5 company by total assets in Wevelgem, Accommodation and food service sector#9 employer in West Flanders, Food and beverage service sector

Balance sheet

balance sheet total €1.4m on 31-03-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency33.6%

Higher than 54% of 4,810 companies in 2025.

Current ratio0.57

Higher than 25% of 4,713 companies in 2025.

Return on assets-4.7%

Higher than 23% of 4,737 companies in 2025.

HUMA Middle half of the sector 80% of the sector Abbreviated accounts in food and beverage service (NACE 56)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: top quarter

Staff

Staff cost per FTE€17,842

Staff costs divided by the average number of full-time equivalents.

Joined and left-34

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 1.4m1.2m1.3m589,103430,192636,060577,676681,965624,392778,58680,83732,68711,7571,84112,71026,164101,884101,833
Fixed assets21/28 854,254887,659819,307374,999300,048459,657274,204259,484342,67397,284----7,02314,04659,51763,622
Tangible fixed assets22/27 854,254887,659819,307374,999300,048459,657274,204259,484342,67397,284----7,02314,04659,51763,622
Land and buildings22 623,643638,987511,443234,703213,727315,669216,131217,991296,783--------1,771
Plant, machinery and equipment23 226,107245,978306,421137,49782,848140,63752,29836,35339,27097,284------4,1047,665
Furniture and vehicles24 4,5052,6931,4432,7993,4733,3515,7765,1416,620-----7,02314,04632,45034,097
Other tangible fixed assets26 ----------------22,96320,089
Current assets29/58 509,525281,252465,699214,105130,145176,403303,472422,481281,718681,30280,83732,68711,7571,8415,68712,11842,36738,211
Stocks and contracts in progress3 7,9446,8339,5517,95920,94442,94644,79048,10538,88540,705-----6006,3839,763
Stocks30/36 7,9446,8339,5517,95920,94442,94644,79048,10538,88540,705-----6006,3839,763
Amounts receivable within one year40/41 437,498228,113416,530168,80394,079119,297230,403359,054182,972637,16780,21828,26911,396445,19710,78219,93120,135
Trade receivables40 88,07195,197201,201122,16142,44254,88448,10363,57051,572108,3942,86028,26711,000201,86010,46619,37119,544
Other amounts receivable41 349,427132,916215,32946,64251,63764,412182,300295,484131,400528,77377,3582396243,337316560591
Cash at bank and in hand54/58 8,94734,19130,22336,62214,00114,16024,43915,32328,0043,4306204,4193611,79649073616,0538,313
Deferred charges and accrued income490/1 55,13512,1159,3957221,121-3,840-31,857---------
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.4m1.2m1.3m589,103430,192636,060577,676681,965624,392778,58680,83732,68711,7571,84112,71026,164101,884101,833
Equity10/15 458,876522,513387,05333,151-269,16540,31845,67321,6102,075-4,480-46,671-53,515-74,043-91,217-91,154-56,7945,8358,839
Contributions10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Issued capital100 -----18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Reserves13 440,276503,913220,011220,0111,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
Non-distributable reserves130/1 -01,8601,8601,860-------------
Legal reserve130 -----1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
Reserves not available under the articles1311 -01,8601,8601,860-------------
Tax-exempt reserves132 0218,151218,151218,151--------------
Distributable reserves133 440,276285,762----------------
Profit (loss) carried forward14 -0148,442-205,460-289,62519,85825,2131,150-18,385-24,940-67,131-73,975-94,503-111,677-111,614-77,254-14,625-11,621
Amounts payable17/49 904,904646,399897,953555,953699,358595,742532,003660,356622,317783,067127,50986,20385,80093,057103,86482,95896,04992,994
Amounts payable after more than one year17 -----------2244,1818,55012,299-17,44523,594
Financial debts170/4 -----------2244,1818,55012,299-17,44523,594
Amounts payable within one year42/48 889,904645,687897,953555,953699,358595,742532,003660,356622,317783,067127,50985,61581,61984,50890,96181,29376,86369,400
Current portion of amounts payable after more than one year42 ----------5364,3694,3863,7493,536-6,1505,839
Financial debts43 --------------13,76124,6988,485-
Credit institutions430/8 --------------13,76124,6988,485-
Trade debts44 722,224489,837686,310288,525358,960286,873258,690269,722282,035510,37633,6198,7831264216,49717,53415,03321,026
Suppliers440/4 722,224489,837686,310288,525358,960286,873258,690269,722282,035510,37633,6198,7831264216,49717,53415,03321,026
Advances received on contracts in progress46 140,01292,702116,198200,764241,436187,320148,602132,618117,26755,510------4,10019,812
Taxes, remuneration and social security45 27,66763,14995,44553,07898,729108,007119,612160,906149,22646,5997,5545,837-17,21712,58318,63723,09517,456
Taxes450/3 8421,34010,7189,89518,5399,46915,29643,95132,630-5,240381-9,2258275,58115,65110,085
Remuneration and social security454/9 26,82661,80984,72743,18380,19098,538104,316116,955116,59646,5992,3145,456-7,99311,75613,0567,4447,371
Other amounts payable47/48 ---13,58623313,5425,10097,10973,790170,58285,80066,62577,10863,49944,58420,42420,0005,267
Accrued charges and deferred income492/3 15,000711---------364--6041,6651,741-
Income statement
Non-recurring operating income76A --------------821,310--
Gross operating margin9900 952,5741.2m1.4m683,66822,6831.1m949,0161.0m1.2m773,37259,93991,65012,56539,87164,371-16,84972,19679,684
Remuneration, social security and pensions62 761,848750,150827,303473,441130,404889,663795,080899,2681.0m621,06153,71570,712-6,01129,78285,54921,47045,18641,259
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 215,957272,120187,764107,004172,262192,037122,79798,861204,85397,284---7,0237,0237,02321,30425,430
Other operating charges640/8 5,5921,86910,62010,32826,25316,4868,4382,43618,85425,960348-4167461,1871,1326,24310,514
Non-recurring operating charges66A ---------------12,510--
Operating profit (loss)9901 -30,823157,186350,66492,896-306,236-3,72022,70132,252-6,21329,0675,87620,93718,1602,320-29,388-46,474-5372,481
Financial income75/76B 1,99535917,986222,7114,2666,7578,44019,93012,64116,6161,496234-601021001,063231
Recurring financial income75 1,99535916,9024,5604,2666,7578,44019,93012,64116,6161,496234-601021001,063231
Non-recurring financial income76B -01,084218,151--------------
Financial charges65/66B 34,80922,18014,27612,8887,1157,9456,86522,423-2,8943,4935286439872,4425,1565,0223,1054,430
Recurring financial charges65 34,80914,21814,27610,3597,1157,9456,86522,423-2,8943,4935286439872,4425,1565,0223,1054,430
Non-recurring financial charges66B 07,962-2,529--------------
Profit (loss) for the period before taxes9903 -63,637135,365354,375302,718-309,086-4,90724,27629,7599,32242,1916,84420,52817,173-62-34,360-62,596-2,579-1,718
Income taxes67/77 0-9547340239844721310,2242,767------334259,207
Profit (loss) for the period9904 -63,637135,459353,902302,316-309,484-5,35424,06319,5356,55542,1916,84420,52817,173-62-34,360-62,629-3,004-10,925
Transfer to tax-exempt reserves689 ---218,151--------------
Profit (loss) for the period to be appropriated9905 -63,637135,459353,90284,165-309,484-5,35424,06319,5356,55542,1916,84420,52817,173-62-34,360-62,629-3,004-10,925
Appropriation of the result
Profit (loss) to be appropriated9906 -63,637283,902148,442-205,460-289,62519,85825,2131,150-18,385-24,940-67,131-73,975-94,503-111,677-111,614-77,254-14,625-11,621
Profit (loss) brought forward from the previous period14P 0148,442-205,460-289,625--------------
Transfer from equity791/2 63,637-----------------
Transfer to equity691/2 0283,902----------------
To other reserves6921 0283,902----------------
Social balance sheet
Average staff (FTE)9087 42.774.710473.230.3127.6113.5109.359.717.622.2-0.72.51.26.24.8
Hours worked1013 19,16736,73146,31928,2888,25650,58346,33450,01031,84117,2412,7173,754-1,3644,5889952,0762,100
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2002-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 31-10-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2025 abbreviated format 31-10-2025 2025-00560310 PDF
31-03-2024 abbreviated format 31-10-2024 2024-00524939 PDF
28-02-2023 abbreviated format 10-10-2023 2023-00483303 PDF
28-02-2022 abbreviated format 27-10-2022 2022-20476874 PDF
28-02-2021 abbreviated format 19-08-2021 2021-50200277 PDF
29-02-2020 abbreviated format 29-09-2020 2020-57000025 PDF
28-02-2019 abbreviated format 25-09-2019 2019-65700291 PDF
28-02-2018 abbreviated format 27-09-2018 2018-65800360 PDF
28-02-2017 abbreviated format 31-10-2017 2017-68700260 PDF
31-12-2015 abbreviated format 30-08-2016 2016-52400415 PDF
31-12-2014 abbreviated format 29-06-2015 2015-23400456 PDF
31-12-2013 abbreviated format 07-08-2014 2014-40500137 PDF
31-12-2012 abbreviated format 28-08-2013 2013-51000269 PDF
31-12-2011 abbreviated format 05-07-2012 2012-26800430 PDF
31-12-2010 abbreviated format 29-06-2011 2011-23100520 PDF
31-12-2009 abbreviated format 02-07-2010 2010-26200445 PDF
31-12-2008 full format 29-06-2009 2009-31700383 PDF
31-12-2007 abbreviated format 01-07-2008 2008-33400305 PDF
31-12-2006 abbreviated format 25-09-2007 2007-73200038 PDF
31-12-2005 abbreviated format 22-08-2006 2006-65303105 PDF
31-12-2004 abbreviated format 29-09-2005 2005-76301833 PDF
31-12-2003 abbreviated format 13-10-2004 2004-73400095 PDF
31-12-2002 abbreviated format 20-10-2003 2003-75302271 PDF

Subsidies and aid

Flemish government 2023 to 2025, 2 entries, €19,542 awarded, €19,542 paid

Logiessubsidie: steun voor erkend toeristisch logies
€19,542
Year Entries AwardedPaid
2025 1 €0€19,542
2023 1 €19,542€0

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201520142013201220112010200920082007
EBITDA 185,134429,306538,428199,900-133,974188,317145,498131,112198,641126,351---9,342-22,365-39,45120,76727,911
Cash flow 152,320407,580541,666409,320-137,222186,683146,860118,396211,408139,474---6,960-27,337-55,60618,30014,505
Investment in fixed assets (approximation) 182,552340,471632,073181,95512,653377,490137,51715,671450,243194,568----001,54717,19948,154
Change in cash -25,2443,968-6,39922,621-159-10,2799,117-12,682-2,811-3,7994,058-1,4351,306-246-15,3177,740-
Working capital -380,379-364,435-432,254-341,848-569,213-419,339-228,531-237,874-340,599-101,764-46,671-52,927-69,863-82,667-85,274-69,175-34,496-31,189
Solvency 33.6%44.7%30.1%5.6%-62.6%6.3%7.9%3.2%0.3%-0.6%-57.7%-163.7%-629.8%--717.2%-217.1%5.7%8.7%
Current ratio 0.570.440.520.390.190.300.570.640.450.870.630.380.14-0.060.150.550.55
Quick ratio 0.560.430.510.370.160.220.490.570.390.820.630.380.14-0.060.140.470.41
Debt to equity 1.971.242.3216.77-14.7811.6530.56--------16.4610.52
ROE -13.9%25.9%91.4%911.9%--13.3%52.7%90.4%316.0%--------51.5%-123.6%
ROA -4.7%11.6%27.5%51.3%-71.9%-0.8%4.2%2.9%1.0%5.4%8.5%62.8%146.1%--270.3%-239.4%-2.9%-10.7%
Interest coverage 5.3230.1937.7219.30--------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-03-202531-03-202428-02-202328-02-2022
Employees at the balance-sheet date5401212
full-time3391012
part-time212-
in full-time equivalents4.339.510.912
Average over the year, in full-time equivalents42.774.710473.2
On a permanent contract5401212
Joined127209239212
Left1611,181239207

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired
Item31-03-202531-03-202428-02-202328-02-2022
Tangible fixed assets€182,552€340,471€632,073€181,955
Depreciation and write-downs of the year€215,957€272,120€187,764€107,004

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on HUMA

The operating result for 2025 is a loss of €30,823, after a profit of €157,186 in 2024. It is the lowest result since 2021.

Debt's share of the balance-sheet total rises from 55.3% to 66.4%. Equity is lower and debt is higher.

Large changes and their cause
  • 2024 Net result -62% on 2023. This financial year ran 13 months, the previous one 12.

Board & ownership

Board

1 director, last change in 2024
FLEGO BV
Director (not named in the articles), permanent representative Alexis Maes
since 28-12-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 31-10-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 29-01-2024
Permanent representatives 1
Alexis Maes
Permanent representative, for FLEGO
appointed by deed of 29-01-2024

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
FLEGO
Director (not named in the articles)
Alexis Maes
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • FLEGO
    • Director (not named in the articles), since before 28-02-2022
  • Alexis Maes
    • Director (not named in the articles), from before 28-02-2022 to 29-01-2024

See the board, name and registered office on a given date →

Control

Parent
FLEGO
Equity €3.0m
Loss €104,430 in 2025 (loss €4,652 in 2024)
Checked score 65
Source: accounts FLEGO 2025
100%
This company
HUMA
Equity €458,876
Loss €63,637 in 2025

Capital

Contribution
€18,600
Shares
186
Contribution per share
€100
Equity per share
€2,467 in 2025
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
FLEGO
100%
100%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 29-01-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of September at 16:00

Network & group

Group

FLEGO has 7 direct subsidiaries (2025 accounts), the bar shows equity in euros
ParentFLEGO7 holdings, 1 country 2025 accounts

Belgium 7 Year Equity Result

  • BE HUMA 2025€458,876 result -€63,637 (2025)
  • BE Ivenco 2025€2.0m result -€32,270 (2025)
  • BE HOSTELLERIE KLOKHOF99.98% 2025€1.3m result €109,596 (2025)
  • BE DISTRIFOODS 2025€192,015 result -€1,031 (2025)
  • BE LUPAS 2025€54,450 result €20,510 (2025)
  • BE CORMA 2026-€67,839 result -€27,436 (2026)
  • BE COREX 2026-€109,353 result -€127,003 (2026)

Source: list of holdings in the 2025 accounts of FLEGO. Every holding stands with its own latest accounts.

At the same address

Lauwestraat 59, 8560 Wevelgem · 1 other company
CORMA
registered office since 30-06-2011 · founded in 2011 · negative equity (2026)
 2.6 FTE (2026)
0837.453.755

Connections & network

6 connected companies
Depth
COREX, Shared corporate director CCOREXCORMA, Shared corporate director CCORMADISTRIFOODS, Shared corporate director DDISTRIFOODSHOSTELLERIE KLOKHOF, Shared corporate director HKHOSTELLERIEKLOKHOFIvenco, Shared corporate director IIvencoLUPAS, Shared corporate director LLUPASHUMA HUMA0476.468.156
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
CORMA
via FLEGO · Director (not named in the articles) · deed of 29-01-2024
Founded in 2011 · 2.6 FTE (2026) · negative equity
→
COREX
via FLEGO · Director (not named in the articles) · deed of 29-01-2024
Founded in 2011 · 2.4 FTE (2026) · negative equity
→
Ivenco
via FLEGO · Director (not named in the articles) · deed of 14-02-2024
Founded in 1995 · 0.8 FTE (2025)
→
HOSTELLERIE KLOKHOF
via FLEGO · Director (not named in the articles) · deed of 14-02-2024
Founded in 1978 · 22 FTE (2025)
→
Show 2 more companies with a shared director
LUPAS
via FLEGO · Director (not named in the articles) · deed of 29-01-2024
Founded in 2013 · 22 FTE (2025)
→
DISTRIFOODS
via FLEGO · Director (not named in the articles) · deed of 29-02-2024
Founded in 2008 · 11 FTE (2025)
→

Timeline

Timeline

36 events since 2001
2025
Annual accounts 2025 filed PDFabbreviated format · on the deadline day
Registered in the Peppol Directory Reachable for e-invoices through 0208:0476468156
2024
Annual accounts 2024 filed PDFabbreviated format · on the deadline day
Equity above €500,000 equity €522,513 ▲35% After 3 profitable years in a row, equity reaches €522,513.
New directorFLEGO appointed, Alexis Maes resigned · Permanent representative: Alexis Maes · “Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op de uitbating van…” (deed in Dutch) · General meeting of 28-12-20236 points ▸
  • Director resignation, Alexis Maes (director (not named in the articles))
  • Director discharge, Alexis Maes
  • Director appointment, FLEGO (director (not named in the articles))
  • Permanent representative, Alexis Maes
  • General meeting, 28-12-2023
  • 186 shares
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFabbreviated format · 10 days late
Highest result from 2007 to 2025 net €353,902 ▲17.1% The operating result of €350,664 and the net result of €353,902 are both a record.
Equity above €200,000 equity €387,053 ▲1,068% After 2 profitable years in a row, equity reaches €387,053.
2022
Registered office moved from Ledegem to WevelgemNew registered office: Lauwestraat 59, 8560 Wevelgem · Previous registered office: Izegemsestraat 59, 8880 Ledegem (Sint-Eloois-Winkel) · Board meeting of 26-10-20222 points ▸
  • Board meeting, 26-10-2022
  • Registered-office move, Lauwestraat 59, 8560 Wevelgem

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 27 days late
Back to profit net €302,316 The net result is €302,316, after 2 loss-making years.
2021
Annual accounts 2021 filed PDFabbreviated format · 42 days before the deadline
Plan homologation Enterprise Court of Ghent · judgment of 15-06-2021
Weakest financial year net -€309,484 The net result drops to -€309,484, the lowest from 2007 to 2025. It recovers the following year.
Judicial reorganisation opened Enterprise Court of Ghent · collective agreement · judgment of 16-02-2021
2020
Annual accounts 2020 filed PDFabbreviated format · 1 day before the deadline
2019
Annual accounts 2019 filed PDFabbreviated format · 5 days before the deadline
2018
Annual accounts 2018 filed PDFabbreviated format · 3 days before the deadline
2017
Annual accounts 2017 filed PDFabbreviated format · 31 days late
2016
Annual accounts 2015 filed PDFabbreviated format · 30 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 32 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 7 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 28 days late
First establishment Salons Cortina, Lauwestraat 59, Wevelgem
2012
Back to profit net €17,173 The net result is €17,173, after 5 loss-making years.
Annual accounts 2011 filed PDFabbreviated format · 26 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 32 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 29 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 32 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 30 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 56 days late
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2001
Incorporation published on 10-01-2002

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

HUMA was incorporated on 27 December 2001.1 The registered office was moved to Wevelgem in 2022.2 Total assets rose from €577,676 in 2019 to €1.4m in 2025 and headcount from 114 to 42.7 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-11-2022
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0476.468.156
VAT number
BE 0476.468.156
Peppol ID
0208:0476468156
Legal form
Private limited company
Status
Active, normal situation
Founded
27-12-2001
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of September at 16:00
deed of 29-01-2024 (in Dutch)
Peppol
Reachable since 30-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
HUMA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-01-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 29-01-2024 (in Dutch)

Activities

NACEBEL 2025
VAT activities
56111 Full-service restaurants main activity
56210 Event catering
56220 Contract catering and other food service activities
Social security (RSZ) activities
56111 Full-service restaurants main activity
Joint committees annual accounts 31-03-2025
JC 302 Hotels and catering
Codes under NACEBEL 2008
VAT activities
56101 Full-service restaurants main activity
56210 Catering
56290 Food and beverage service activities
Social security (RSZ) activities
56101 Full-service restaurants main activity
Codes under NACEBEL 2003
VAT activities
55301 main activity
Social security (RSZ) activities
55301 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op de uitbating van restaurants,spijshuizen,verbruiksalons en…”
20 activities
  1. Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op de uitbating van restaurants,spijshuizen,verbruiksalons en cafés,de handel in koloniale waren en voedingswaren,in roomijs en comsumptieijs,de handel in wijnen,de dienst van tafelhouder en traiteur,het inrichten en begeleiden van ceremonieën.
  2. Import,export,kleinhandel en groothandel van dranken,onder andere wijnen-bieren-spirituele dranken-water-limonades en andere;
  3. Toestaan van leningen aan zaakvoerders en derden;
  4. Opname van leningen van zaakvoerders en derden.
  5. Alle roerende en onroerende goederen verkopen,kopen,in huur nemen,verhuren en ruilen;alle fabrieksmerken,patenten en vergunningen nemen,bekomen,toestaan,aankopen,afstaan;alle plaatsingen verrichten in roerende waarden.
  6. Dit alles in de meest ruime zin.
  7. De vennootschap handelt voor eigen rekening,in consignatie,in commissie,als tussenpersoon of als vertegenwoordiger.
  8. Deelnemen in alle ondernemingen,zowel in België als in het buitenland,die hetzelfde,een gelijkaardig of aanverwant voorwerp nastreven,of die de verwezenlijking van het voorwerp vergemakkelijken.
  9. In het algemeen alle daden stellen van burgerlijke,commerciële,roerende,onroerende,industriële of financiële aard,die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk in verband staan met het voorwerp.
  10. Het uitbaten,in de meest ruime zin,van een horecazaak en onder meer alle activiteiten van een restaurantbedrijf,traiteur,klein hotel-restaurant en hotel en,in het algemeen,alle commerciële verrichtingen die betrekking hebben op de aankoop,verkoop,vertegenwoordiging,makelarij,in- en uitvoer van alle diensten,koopwaar,goederen of producten;
  11. Het zoeken van sponsors op vraag van bedrijven,vereningingen,openbare instellingen,onderdwijsinstelligen een aanverwante instellingen.
  12. De in- en uitvoer van koopwaar in de meest ruime zin
  13. Bemiddeling voor het zoeken van sponsors en het opstellen van sponsorovereenkomsten
  14. Het toekennen van leningen en financieringen aan vennootschappen
  15. Het verstrekken van managementadviezen in de meest ruime zin zoals daar zijn het verlenen van adviezen van financiële,technische,commerciële en administratieve aard.
  16. Het organiseren van allerie soorten evenementen op vraag van derden of voor eigen rekening
  17. Het ontwerpen en verwezenlijken van reclame- en promotiecampagnes langs verschillende media,het ontwerpen van de huissstijl van bedrijven,logo's,websites,interieurs,het ontwerpen en installeren,voor zowel binnen als buiten,van reclameborden en -affiches,evenals het ontwerpen,aankopen en verkopen van reclamemateriaal;
  18. Het verlenen van adviezen,selecteren en plaatsen van personeelin het kader van verschillende economische activiteiten
  19. Het verlenen van adviezen,uitvoeren van studies en opzoekingen,verlenen van ondersteuning en knowhow in alle domeinen waarin de vennootschap competent is,zoals marketing,promoting,ontwikkeling,design,handel en productie,commissiehandel,zowel voor eigen rekening als voor rekening van derden;
  20. Het invoeren van algemene diensten en van secretariaatsdiensten,die nuttig of noodzakelijk zijn voor de uitoefening van de hierboven opgesomde activiteiten.
deed of 29-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Salons Cortina registered office Lauwestraat 59, 8560 Wevelgem 19-04-2013 2.232.079.272 Restaurant
1 former office
  • 8880 Ledegem (Sint-Eloois-Winkel) until 01-10-2022 · deed of 14-11-2022

Buildings and parcels at the address

Ground area
4,646 m²
Buildings
1,676 m²
Volume, LiDAR
10,473 m³
Tallest building
12.3 m
Buildings to scale, each on its own parcel
1,676 m², 12.3 m 1,676 m², 12.3 m

Environmental permits

1 application in Flanders since 2026 · 1 under review
09-09-2026 Under review Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen project 2026106044 Wevelgem

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34041C0545/00P0154,646 m² 1 · 1,676 m² 12.3 m · 2

Recognitions

Food safety, FASFC

1 site
Wevelgemunit number 2.232.079.272
1 permission
Authorisation · Restaurant · since 12-03-2015

Source: FAVV-AFSCA, open data, updated on 26-10-2026

Dual-learning approval

1 live approval · 20 ended
Restaurant en keuken duaal (so)
approved · 2022 to 2027
Show 20 ended approvals
Hulpkelner (so)
ended · 2019 to 2024
Hulpkelner (vwo)
ended · 2019 to 2024
Hulpkelner duaal (so)
ended · 2019 to 2024
Hulpkok (so)
ended · 2019 to 2024
Kelner (so)
ended · 2019 to 2024
Keukenmedewerker (so)
ended · 2019 to 2024
Keukenmedewerker (vwo)
ended · 2019 to 2024
Keukenmedewerker duaal (so)
ended · 2019 to 2024
Kok (vwo)
ended · 2019 to 2024
Kok duaal (so)
ended · 2019 to 2024
Hulpkelner (so)
discontinued · 2019 to 2022
Hulpkelner (vwo)
discontinued · 2019 to 2022
Hulpkelner duaal (so)
discontinued · 2019 to 2022
Hulpkok (so)
discontinued · 2019 to 2022
Kelner (so)
discontinued · 2019 to 2022
Keukenmedewerker (so)
discontinued · 2019 to 2022
Keukenmedewerker (vwo)
discontinued · 2019 to 2022
Keukenmedewerker duaal (so)
discontinued · 2019 to 2022
Kok (vwo)
discontinued · 2019 to 2022
Kok duaal (so)
discontinued · 2019 to 2022

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