HYGGE
ActiveSummary
The computed 12-month bankruptcy probability of HYGGE is 2.1% (moderate). The annual accounts of HYGGE for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €18,936 and a net result of -€56,923. Equity is shrinking by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 10519 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-33
Solvency34▼-22
Growth32=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.85 against 1.15 in 2024; short-term debt: 91.3% and cash: 24.4% of total assets), and 91.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 →
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 2025Solvency, return and age of the figures
Solvency
8.7%
Return on assets
-26.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 10519 sector peers (2025).
NBB · sector comparisonPosition among 10519 sector peers
Solvency
better than 19%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
28 d late
2023
30 d late
2022
31 d late
2021
121 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 38 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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 31 August (4 of the last 5 filed years within 52 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, abbreviated schema
Equity
€18,936▼ 75.0%
2024 · €75,859
Total assets
€216,691▼ 10.8%
2024 · €242,917
Net result
-€56,923
2024 · €996
Working capital
-€29,695
2024 · €23,705
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€92,540-€56,192▼ 39.3%€8,800▼ 84.3%€8,858▲ 0.7%-€43,490
Net result€66,341within the sector's middle half-€38,277within the sector's middle half▼ 42.3%€245below the sector's middle half▼ 99.4%€996below the sector's middle half▲ 307%-€56,923below the sector's middle half
Equity€76,341below the sector's middle half-€114,618within the sector's middle half▲ 50.1%€74,863below the sector's middle half▼ 34.7%€75,859below the sector's middle half▲ 1.3%€18,936below the sector's middle half▼ 75.0%
Total assets€227,994below the sector's middle half-€305,519below the sector's middle half▲ 34.0%€317,364below the sector's middle half▲ 3.9%€242,917below the sector's middle half▼ 23.5%€216,691below the sector's middle half▼ 10.8%
Debt€151,654-€190,901▲ 25.9%€242,501▲ 27.0%€167,058▼ 31.1%€197,755▲ 18.4%
Working capital€44,710within the sector's middle half-€68,800within the sector's middle half▲ 53.9%€10,073below the sector's middle half▼ 85.4%€23,705within the sector's middle half▲ 135%-€29,695below the sector's middle half
Solvency33.5%within the sector's middle half-37.5%within the sector's middle half▲ 4.0pp23.6%within the sector's middle half▼ 13.9pp31.2%within the sector's middle half▲ 7.6pp8.7%below the sector's middle half▼ 22.5pp
Current ratio1.58within the sector's middle half-1.49within the sector's middle half▼ 0.091.05below the sector's middle half▼ 0.441.15within the sector's middle half▲ 0.100.85below the sector's middle half▼ 0.30
Return on assets (ROA)29.1%above the sector's middle half-12.5%above the sector's middle half▼ 16.6pp0.1%below the sector's middle half▼ 12.5pp0.4%below the sector's middle half▲ 0.3pp-26.3%below the sector's middle half▼ 26.7pp
Staff (FTE)1below the sector's middle half-1.8within the sector's middle half▲ 80.0%1.7within the sector's middle half▼ 5.6%0.7below the sector's middle half▼ 58.8%3.4within the sector's middle half▲ 386%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43,490 after €8,858 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,691
Fixed assets
€48,631 ▼ 15.7%
Current assets
€168,060 ▼ 9.3%
Equity and liabilities €216,691
Equity
€18,936 ▼ 75.0%
Debt
€197,755 ▲ 18.4%
Debt's share of the balance-sheet total rises from 68.8% to 91.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€34,405▼
2024 · €18,194
Cash flow
-€47,837▼
2024 · €10,332
Quick ratio
0.35▼
2024 · 0.39
Debt to equity
10.44▲
2024 · 2.20
ROE
-300.6%▼
2024 · 1.3%
Interest coverage
-2.55▼
2024 · 1.65
Debt ≤ 1 year
€197,755▲
2024 · €161,495
Income taxes
€186▼
2024 · €455
Staff costs
€22,239▲
2024 · €14,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
5.9%
stopped otherwise
86%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
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 646 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 | €39,735 | €38,884 | €33,970 | €14,143 | €22,239 | ▲ 57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,553 | €9,676 | €9,676 | €9,336 | €9,086 | ▼ 2.7% |
| Other operating charges640/8 | €5,366 | €6,762 | €6,677 | €1,367 | €6,102 | ▲ 346% |
| Gross operating margin9900 | €142,193 | €111,514 | €59,122 | €33,704 | -€6,064 | ▼ 118% |
| Operating profit (loss)9901 | €92,540 | €56,192 | €8,800 | €8,858 | -€43,490 | ▼ 591% |
| Financial income75/76B | €29 | €535 | €1,660 | €3,604 | €225 | ▼ 93.8% |
| Recurring financial income75 | €29 | €535 | €538 | €1,063 | €225 | ▼ 78.9% |
| Non-recurring financial income76B | - | - | €1,122 | €2,542 | - | - |
| Financial charges65/66B | €13,376 | €7,232 | €10,000 | €11,011 | €13,471 | ▲ 22.3% |
| Recurring financial charges65 | €13,376 | €7,232 | €10,000 | €11,011 | €13,471 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | €79,193 | €49,496 | €459 | €1,451 | -€56,737 | ▼ 4,009% |
| Income taxes67/77 | €12,852 | €11,219 | €215 | €455 | €186 | ▼ 59.2% |
| Profit (loss) for the period9904 | €66,341 | €38,277 | €245 | €996 | -€56,923 | ▼ 5,815% |
| Profit (loss) for the period to be appropriated9905 | €66,341 | €38,277 | €245 | €996 | -€56,923 | ▼ 5,815% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227,994 | €305,519 | €317,364 | €242,917 | €216,691 | ▼ 10.8% |
| Fixed assets21/28 | €106,114 | €96,439 | €86,763 | €57,717 | €48,631 | ▼ 15.7% |
| Intangible fixed assets21 | €750 | €550 | €350 | €150 | - | - |
| Tangible fixed assets22/27 | €79,642 | €70,166 | €60,690 | €51,554 | €42,619 | ▼ 17.3% |
| Land and buildings22 | €72,303 | €64,842 | €57,380 | €49,919 | €42,457 | ▼ 14.9% |
| Plant, machinery and equipment23 | €3,311 | €2,263 | €1,216 | €508 | - | - |
| Furniture and vehicles24 | €4,027 | €3,061 | €2,094 | €1,128 | €161 | ▼ 85.7% |
| Financial fixed assets28 | €25,723 | €25,723 | €25,723 | €6,013 | €6,013 | = |
| Current assets29/58 | €121,880 | €209,081 | €230,601 | €185,200 | €168,060 | ▼ 9.3% |
| Stocks and contracts in progress3 | €75,994 | €126,994 | €125,739 | €121,847 | €99,266 | ▼ 18.5% |
| Stocks30/36 | €75,994 | €126,994 | €125,739 | €121,847 | €99,266 | ▼ 18.5% |
| Amounts receivable within one year40/41 | €219 | €34,643 | €24,653 | €20,668 | €15,044 | ▼ 27.2% |
| Trade receivables40 | - | €34,643 | €22,952 | €12,393 | €13,103 | ▲ 5.7% |
| Other amounts receivable41 | €219 | - | €1,701 | €8,275 | €1,941 | ▼ 76.5% |
| Cash at bank and in hand54/58 | €45,667 | €47,444 | €79,927 | €42,094 | €52,804 | ▲ 25.4% |
| Deferred charges and accrued income490/1 | - | - | €282 | €591 | €945 | ▲ 59.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227,994 | €305,519 | €317,364 | €242,917 | €216,691 | ▼ 10.8% |
| Equity10/15 | €76,341 | €114,618 | €74,863 | €75,859 | €18,936 | ▼ 75.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €66,341 | €104,618 | €64,863 | €65,859 | €8,936 | ▼ 86.4% |
| Amounts payable17/49 | €151,654 | €190,901 | €242,501 | €167,058 | €197,755 | ▲ 18.4% |
| Amounts payable after more than one year17 | €53,570 | €37,971 | €21,973 | €5,563 | - | - |
| Financial debts170/4 | €53,570 | €37,971 | €21,973 | €5,563 | - | - |
| Amounts payable within one year42/48 | €77,170 | €140,281 | €220,528 | €161,495 | €197,755 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | €15,210 | €15,600 | €15,997 | €16,410 | €5,563 | ▼ 66.1% |
| Financial debts43 | - | - | €50,000 | €75,000 | €50,000 | ▼ 33.3% |
| Credit institutions430/8 | - | - | €50,000 | €75,000 | €50,000 | ▼ 33.3% |
| Trade debts44 | €28,539 | €20,017 | €29,169 | €26,140 | €58,854 | ▲ 125% |
| Suppliers440/4 | €28,539 | €20,017 | €29,169 | €26,140 | €58,854 | ▲ 125% |
| Taxes, remuneration and social security45 | €33,131 | €63,241 | €48,278 | €34,811 | €76,766 | ▲ 121% |
| Taxes450/3 | €28,549 | €55,350 | €46,871 | €33,705 | €76,393 | ▲ 127% |
| Remuneration and social security454/9 | €4,582 | €7,891 | €1,407 | €1,106 | €373 | ▼ 66.3% |
| Other amounts payable47/48 | €290 | €41,424 | €77,083 | €9,134 | €6,571 | ▼ 28.1% |
| Accrued charges and deferred income492/3 | €20,914 | €12,650 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,341 | €38,277 | €245 | €996 | -€56,923 | ▼ 5,815% |
| + Depreciation and write-downs630 | €4,553 | €9,676 | €9,676 | €9,336 | €9,086 | ▼ 2.7% |
| Operating cash flow (approximation) | €70,893 | €47,953 | €9,920 | €10,332 | -€47,837 | ▼ 563% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €19,710 | €0 | ▼ 100% |
| Change in cash | - | €1,778 | €32,482 | -€37,833 | €10,711 | ▲ 128% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€56,923
Net result drops to -€56,923, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €100,000Eq €114,618 ▲50.1%
2 profitable years in a row build equity to €114,618.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 121 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2020
Ground area
564 m²
Building footprint
387 m²
Volume, LiDAR
3,018 m³
Parcel 11810K1520/00P017, Flanders · tallest building 19.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HYGGE
since 20202.309.412.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1520/00P017 | Flanders | 564 m² | 1 · 387 m² | 19.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 504 companies in sector 47713 we hold annual accounts for 195. 130 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
Founded06-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
46423Wholesale of clothing, excluding workwear and underwear
77224Rental and leasing activities
95290Repair and maintenance of other personal and household goods
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755751645
Also
9925:BE0755751645
Registered
06-01-2026
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.