THB1
Dissolution or liquidationSummary
The KBO register records for THB1 the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show negative equity (€-424k) and a net result of €-53k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-424k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-08-2025, 9 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d late
2023
16 d late
2022
2 d early
2021
30 d early
2020
30 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-53k▲ 51.2%
2023 · €-108k
2018: €14khighest in 7 years
2019: €-9k▼ -161% vs 2018
2020: €-19k▼ -119% vs 2019
2021: €-33k▼ -74.8% vs 2020
2022: €-62k▼ -89.7% vs 2021
2023: €-108k▼ -74.9% vs 2022lowest in 7 years
2024: €-53k▲ +51.2% vs 2023
2018 → 2024
Working capital
€-420k▼ 13.1%
2023 · €-372k
2018: €-143khighest in 7 years
2019: €-149k▼ -4.5% vs 2018
2020: €-155k▼ -4.0% vs 2019
2021: €-194k▼ -24.8% vs 2020
2022: €-241k▼ -24.6% vs 2021
2023: €-372k▼ -54.1% vs 2022
2024: €-420k▼ -13.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-169k-€-201k▼ 19.3%€-263k▼ 30.7%€-371k▼ 41.0%€-424k▼ 14.2%
2020: €-169khighest in 5 years
2021: €-201k▼ -19.3% vs 2020
2022: €-263k▼ -30.7% vs 2021
2023: €-371k▼ -41.0% vs 2022
2024: €-424k▼ -14.2% vs 2023lowest in 5 years
Operating result€-10k-€-25k▼ 157%€-54k▼ 111%€-102k▼ 90.1%€-66k▲ 34.7%
2020: €-10khighest in 5 years
2021: €-25k▼ -157% vs 2020
2022: €-54k▼ -111% vs 2021
2023: €-102k▼ -90.1% vs 2022lowest in 5 years
2024: €-66k▲ +34.7% vs 2023
Net result€-19k-€-33k▼ 74.8%€-62k▼ 89.7%€-108k▼ 74.9%€-53k▲ 51.2%
2020: €-19khighest in 5 years
2021: €-33k▼ -74.8% vs 2020
2022: €-62k▼ -89.7% vs 2021
2023: €-108k▼ -74.9% vs 2022lowest in 5 years
2024: €-53k▲ +51.2% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €66k in 2024 against €102k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €145k
Fixed assets
€55k ▼ 11.6%
Current assets
€90k ▲ 18.4%
Key figures and ratios
EBITDA
€-45k▲
2023 · €-80k
Cash flow
€-31k▲
2023 · €-86k
Solvency
-292.6%▼
2023 · -268.6%
Current ratio
0.18▲
2023 · 0.17
Quick ratio
0.16▲
2023 · 0.15
Debt to equity
-1.34▲
2023 · -1.37
ROA
-36.4%▲
2023 · -78.1%
Interest coverage
-6.23▲
2023 · -12.86
Debt
€568k▲
2023 · €509k
Debt ≤ 1 year
€510k▲
2023 · €447k
Debt > 1 year
€53k▼
2023 · €61k
Staff costs
€344k▲
2023 · €338k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€138k€145k▲
Fixed assets21/28€62k€55k▼
Tangible fixed assets22/27€56k€48k▼
Land and buildings22-€19k
Plant, machinery and equipment23€27k€19k▼
Furniture and vehicles24€10k€9k▼
Other tangible fixed assets26€19k-
Financial fixed assets28€7k€7k=
Current assets29/58€76k€90k▲
Stocks and contracts in progress3€9k€10k▲
Stocks30/36€9k€10k▲
Amounts receivable within one year40/41€6k€69k▲
Trade receivables40€3k€65k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€45k€10k▼
Deferred charges and accrued income490/1€15k€0▼
Equity and liabilities
Total equity and liabilities10/49€138k€145k▲
Equity10/15€-371k€-424k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-377k€-430k▼
Amounts payable17/49€509k€568k▲
Amounts payable after more than one year17€61k€53k▼
Financial debts170/4€61k€53k▼
Amounts payable within one year42/48€447k€510k▲
Current portion of amounts payable after more than one year42€29k€34k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€377k€445k▲
Suppliers440/4€377k€445k▲
Taxes, remuneration and social security45€42k€28k▼
Taxes450/3€4k-
Remuneration and social security454/9€38k€28k▼
Accrued charges and deferred income492/3€1k€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€338k€344k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€261k€300k▲
Operating profit (loss)9901€-102k€-66k▲
Financial income75/76B€0€21k▲
Recurring financial income75€0€21k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€-108k€-53k▲
Profit (loss) for the period9904€-108k€-53k▲
Profit (loss) for the period to be appropriated9905€-108k€-53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-377k€-430k▼
Profit (loss) brought forward from the previous period14P€-269k€-377k▼
Social balance
Average headcount (FTE)908722.711.8▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €253k | €309k | €338k | €344k | ▲ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €21k | €22k | €22k | €21k | ▼ 3.5% |
| Other operating charges640/8 | - | €925 | €421 | €3k | €1k | ▼ 50.1% |
| Non-recurring operating charges66A | - | €44k | €8k | - | - | - |
| Gross operating margin9900 | €212k | €293k | €286k | €261k | €300k | ▲ 14.9% |
| Operating profit (loss)9901 | €-10k | €-25k | €-54k | €-102k | €-66k | ▲ 34.7% |
| Financial income75/76B | - | €2 | €10 | €0 | €21k | ▲ 17,504,600% |
| Recurring financial income75 | €172 | €2 | €10 | €0 | €21k | ▲ 17,504,600% |
| Financial charges65/66B | - | €7k | €8k | €6k | €7k | ▲ 16.9% |
| Recurring financial charges65 | €9k | €7k | €8k | €6k | €7k | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €-19k | €-33k | €-62k | €-108k | €-53k | ▲ 51.2% |
| Profit (loss) for the period9904 | €-19k | €-33k | €-62k | €-108k | €-53k | ▲ 51.2% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €-33k | €-62k | €-108k | €-53k | ▲ 51.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €186k | €133k | €145k | €138k | €145k | ▲ 4.8% |
| Fixed assets21/28 | €100k | €95k | €78k | €62k | €55k | ▼ 11.6% |
| Intangible fixed assets21 | €2k | €583 | - | - | - | - |
| Tangible fixed assets22/27 | €92k | €88k | €71k | €56k | €48k | ▼ 13.1% |
| Land and buildings22 | - | - | - | - | €19k | - |
| Plant, machinery and equipment23 | - | €44k | €34k | €27k | €19k | ▼ 27.7% |
| Furniture and vehicles24 | - | €17k | €13k | €10k | €9k | ▼ 1.3% |
| Other tangible fixed assets26 | - | €27k | €24k | €19k | - | - |
| Financial fixed assets28 | €7k | €7k | €7k | €7k | €7k | = |
| Current assets29/58 | €86k | €38k | €66k | €76k | €90k | ▲ 18.4% |
| Stocks and contracts in progress3 | €7k | €10k | €10k | €9k | €10k | ▲ 6.6% |
| Stocks30/36 | - | €10k | €10k | €9k | €10k | ▲ 6.6% |
| Amounts receivable within one year40/41 | €16k | €17k | €18k | €6k | €69k | ▲ 1,020% |
| Trade receivables40 | - | €982 | €1k | €3k | €65k | ▲ 1,954% |
| Other amounts receivable41 | - | €16k | €16k | €3k | €4k | ▲ 27.2% |
| Cash at bank and in hand54/58 | €20k | €11k | €31k | €45k | €10k | ▼ 76.9% |
| Deferred charges and accrued income490/1 | - | - | €7k | €15k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €186k | €133k | €145k | €138k | €145k | ▲ 4.8% |
| Equity10/15 | €-169k | €-201k | €-263k | €-371k | €-424k | ▼ 14.2% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | €6k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Uncalled capital101 | - | €12k | €12k | - | - | - |
| Profit (loss) carried forward14 | €-175k | €-208k | €-269k | €-377k | €-430k | ▼ 14.0% |
| Amounts payable17/49 | €355k | €335k | €408k | €509k | €568k | ▲ 11.7% |
| Amounts payable after more than one year17 | €114k | €100k | €100k | €61k | €53k | ▼ 11.8% |
| Financial debts170/4 | - | €100k | €100k | €61k | €53k | ▼ 11.8% |
| Amounts payable within one year42/48 | €241k | €232k | €308k | €447k | €510k | ▲ 14.0% |
| Current portion of amounts payable after more than one year42 | - | €3k | €28k | €29k | €34k | ▲ 17.9% |
| Financial debts43 | - | - | - | - | €3k | - |
| Credit institutions430/8 | - | - | - | - | €3k | - |
| Trade debts44 | €147k | €169k | €263k | €377k | €445k | ▲ 18.1% |
| Suppliers440/4 | - | €169k | €263k | €377k | €445k | ▲ 18.1% |
| Taxes, remuneration and social security45 | - | €18k | €15k | €42k | €28k | ▼ 32.6% |
| Taxes450/3 | - | €5k | - | €4k | - | - |
| Remuneration and social security454/9 | - | €14k | €15k | €38k | €28k | ▼ 26.3% |
| Other amounts payable47/48 | - | €42k | €788 | - | - | - |
| Accrued charges and deferred income492/3 | - | €3k | - | €1k | €5k | ▲ 366% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €-33k | €-62k | €-108k | €-53k | ▲ 51.2% |
| + Depreciation and write-downs630 | €20k | €21k | €22k | €22k | €21k | ▼ 3.5% |
| Operating cash flow (approximation) | €2k | €-11k | €-39k | €-86k | €-31k | ▲ 63.6% |
| Investment in fixed assets (approximation) | - | €-16k | €-5k | €-6k | €-14k | ▼ 122% |
| Change in cash | - | €-9k | €20k | €14k | €-35k | ▼ 349% |
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
2025
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 9 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 16 days late
2023
31-12
Financial
Weakest financial yearnet €-108k
Net result drops to €-108k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
09-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 101 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Liège · 1 establishment unit since 2012
Ground area
482 m²
Building footprint
176 m²
Volume, LiDAR
2,943 m³
2 parcels, Wallonia · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
THE HUGGY'S BAR
since 20122.211.580.006
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62808A0306/00D000 | Wallonia | 341 m² | 1 · 110 m² | 18.5 m · 6 fl. |
| 62803B0190/00D000 | Wallonia | 142 m² | 1 · 66 m² | 18.3 m · 5 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.
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Of 14,009 companies in sector 56301 we hold annual accounts for 4,892. 661 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Contact
E-mail
roberto@huggysbar.com
Scores and ratios are computed by Checked and are not a credit decision.