THB1

In liquidation since 19-03-2026

Private limited companyfounded 2012Rue des Ecoliers 3, 4020 Liège, BelgiumKBO/BCE: BE 0845.381.328

THB1In liquidation since 19-03-2026

Report

Financials · financial year 2024, full format

2024 annual accounts filed 9 days after the deadline Filed on 9 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00372156.

Annual accounts 2024 filed on 09-08-2025 PDF all 13 filings

Turnover

≈ €720,000

Estimated: probably between €650,000 and €900,000

EBIT margin

Not included in this filing

Net result

-€52,676▲ 51.2%

2023 · -€107,924

Working capital

-€420,364▼ 13.1%

2023 · -€371,643

Multi-year overview

2018 to 2024, 7 financial years

Operating result

-€66,456

▲ 34.7% 2024

20182024

Net result

-€52,676

▲ 51.2% 2024

lowest quarter of the sector

20182024

Equity

-€423,662

▼ 14.2% 2024

lowest quarter of the sector

20182024

Total assets

€144,800

▲ 4.8% 2024

middle half of the sector

20182024

Debt

€568,463

▲ 11.7% 2024

20182024

Working capital

-€420,364

▼ 13.1% 2024

lowest quarter of the sector

20182024

Solvency

-292.6%

▼ 24.0pp 2024

lowest quarter of the sector

20182024

Current ratio

0.18

▲ 0.01 2024

lowest quarter of the sector

20182024

Return on assets (ROA)

-36.4%

▲ 41.8pp 2024

lowest quarter of the sector

20182024

Staff (FTE)

11.8

▼ 48.0% 2024

middle half of the sector

20182024

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line2018201920202021202220232024

Operating result€28,918-€4,746▼ 83.6%-€9,866-€25,329▼ 157%-€53,516▼ 111%-€101,742▼ 90.1%-€66,456▲ 34.7%

Net result€13,917--€8,516-€18,619▼ 119%-€32,542▼ 74.8%-€61,718▼ 89.7%-€107,924▼ 74.9%-€52,676▲ 51.2%

Equity-€141,667--€150,183▼ 6.0%-€168,802▼ 12.4%-€201,344▼ 19.3%-€263,062▼ 30.7%-€370,986▼ 41.0%-€423,662▼ 14.2%

Total assets€279,005-€252,914▼ 9.4%€186,120▼ 26.4%€133,421▼ 28.3%€144,542▲ 8.3%€138,134▼ 4.4%€144,800▲ 4.8%

Debt€420,672-€403,097▼ 4.2%€354,922▼ 12.0%€334,764▼ 5.7%€407,604▲ 21.8%€509,120▲ 24.9%€568,463▲ 11.7%

Working capital-€142,757--€149,158▼ 4.5%-€155,153▼ 4.0%-€193,643▼ 24.8%-€241,194▼ 24.6%-€371,643▼ 54.1%-€420,364▼ 13.1%

Solvency-50.8%--59.4%▼ 8.6pp-90.7%▼ 31.3pp-150.9%▼ 60.2pp-182.0%▼ 31.1pp-268.6%▼ 86.6pp-292.6%▼ 24.0pp

Current ratio0.51-0.48▼ 0.030.36▼ 0.130.16▼ 0.190.22▲ 0.050.17▼ 0.050.18▲ 0.01

Return on assets (ROA)5.0%--3.4%▼ 8.4pp-10.0%▼ 6.6pp-24.4%▼ 14.4pp-42.7%▼ 18.3pp-78.1%▼ 35.4pp-36.4%▲ 41.8pp

Staff (FTE)13.4-17.5▲ 30.6%16.2▼ 7.4%13.2▼ 18.5%16.6▲ 25.8%22.7▲ 36.7%11.8▼ 48.0%

above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2024 is a loss of €66,456, smaller than the loss of €101,742 in 2023.

The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €144,800

38.0%

62.0%

Fixed assets €55,040 ▼ 11.6%

Current assets €89,760 ▲ 18.4%

Equity and liabilities

Equity-€423,662

Debt€568,463

Equity is negative. Debt (€568,463) exceeds the balance-sheet total (€144,800).

Key figures and ratios

2024 value · change against 2023

EBITDA

-€44,988▲

2023 · -€79,504

Cash flow

-€31,208▲

2023 · -€85,686

Quick ratio

0.16▲

2023 · 0.15

Interest coverage

-6.23▲

2023 · -12.86

Debt ≤ 1 year

€510,124▲

2023 · €447,484

Debt > 1 year

€53,418▼

2023 · €60,580

Staff costs

€343,736▲

2023 · €338,023

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet

Item	31-12-2021	31-12-2022	31-12-2023	31-12-2024
Employees at the balance-sheet date	8	5	23	23
full-time	7	4	22	4
part-time	1	1	1	19
in full-time equivalents	7.8	4.8	22.7	-
Average over the year, in full-time equivalents	13.2	16.6	22.6	11.8
On a permanent contract	4	2	3	3
Joined	53	67	65	57
Left	52	70	45	56

Source: social balance sheet in the 2021 to 2024 annual accounts

Investments

fixed assets acquired

Item	2021	2022	2023	2024
Tangible fixed assets	€16,262	€5,039	€6,399	€14,216
Depreciation and write-downs of the year	€21,173	€22,347	€22,238	€21,468

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines

Balance sheet Code20232024

Assets

Total assets20/58€138,134€144,800▲

Fixed assets21/28€62,292€55,040▼

Tangible fixed assets22/27€55,522€48,270▼

Land and buildings22-€19,425

Plant, machinery and equipment23€26,891€19,430▼

Furniture and vehicles24€9,540€9,416▼

Other tangible fixed assets26€19,091-

Financial fixed assets28€6,770€6,770=

Current assets29/58€75,841€89,760▲

Stocks and contracts in progress3€9,337€9,956▲

Stocks30/36€9,337€9,956▲

Amounts receivable within one year40/41€6,190€69,313▲

Trade receivables40€3,190€65,498▲

Other amounts receivable41€3,000€3,816▲

Cash at bank and in hand54/58€45,393€10,491▼

Deferred charges and accrued income490/1€14,921€0▼

Equity and liabilities

Total equity and liabilities10/49€138,134€144,800▲

Equity10/15-€370,986-€423,662▼

Contributions10/11€6,200€6,200=

Profit (loss) carried forward14-€377,186-€429,862▼

Amounts payable17/49€509,120€568,463▲

Amounts payable after more than one year17€60,580€53,418▼

Financial debts170/4€60,580€53,418▼

Amounts payable within one year42/48€447,484€510,124▲

Current portion of amounts payable after more than one year42€29,078€34,295▲

Financial debts43-€2,776

Credit institutions430/8-€2,776

Trade debts44€376,659€444,900▲

Suppliers440/4€376,659€444,900▲

Taxes, remuneration and social security45€41,748€28,153▼

Taxes450/3€3,572-

Remuneration and social security454/9€38,176€28,153▼

Accrued charges and deferred income492/3€1,056€4,921▲

Income statement Code20232024

Remuneration, social security and pensions62€338,023€343,736▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,238€21,468▼

Other operating charges640/8€2,695€1,346▼

Gross operating margin9900€261,214€300,094▲

Operating profit (loss)9901-€101,742-€66,456▲

Financial income75/76B€0€21,006▲

Recurring financial income75€0€21,006▲

Financial charges65/66B€6,182€7,226▲

Recurring financial charges65€6,182€7,226▲

Profit (loss) for the period before taxes9903-€107,924-€52,676▲

Profit (loss) for the period9904-€107,924-€52,676▲

Profit (loss) for the period to be appropriated9905-€107,924-€52,676▲

Appropriation of the result

Profit (loss) to be appropriated9906-€377,186-€429,862▼

Profit (loss) brought forward from the previous period14P-€269,262-€377,186▼

Social balance sheet

Average headcount (FTE)908722.711.8▼

The notes to these accounts have 10 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 2024 (PDF), filed on 09-08-2025.

Line	2018	2019	2020	2021	2022	2023	2024	Change
Remuneration, social security and pensions62	-	-	-	€252,577	€308,707	€338,023	€343,736	▲ 1.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€25,104	€20,489	€20,133	€21,173	€22,347	€22,238	€21,468	▼ 3.5%
Other operating charges640/8	-	-	-	€925	€421	€2,695	€1,346	▼ 50.1%
Non-recurring operating charges66A	-	-	-	€43,525	€8,381	-	-	-
Gross operating margin9900	€466,413	€367,769	€212,267	€292,871	€286,340	€261,214	€300,094	▲ 14.9%
Operating profit (loss)9901	€28,918	€4,746	-€9,866	-€25,329	-€53,516	-€101,742	-€66,456	▲ 34.7%
Financial income75/76B	-	-	-	€2	€10	€0	€21,006	▲ 175,047×
Recurring financial income75	€69	€1	€172	€2	€10	€0	€21,006	▲ 175,047×
Financial charges65/66B	-	-	-	€7,214	€8,213	€6,182	€7,226	▲ 16.9%
Recurring financial charges65	€15,069	€13,263	€8,925	€7,214	€8,213	€6,182	€7,226	▲ 16.9%
Profit (loss) for the period before taxes9903	€13,917	-€8,516	-€18,619	-€32,542	-€61,718	-€107,924	-€52,676	▲ 51.2%
Profit (loss) for the period9904	€13,917	-€8,516	-€18,619	-€32,542	-€61,718	-€107,924	-€52,676	▲ 51.2%
Profit (loss) for the period to be appropriated9905	€13,917	-€8,516	-€18,619	-€32,542	-€61,718	-€107,924	-€52,676	▲ 51.2%

Line	2018	2019	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€279,005	€252,914	€186,120	€133,421	€144,542	€138,134	€144,800	▲ 4.8%
Fixed assets21/28	€127,779	€113,706	€100,350	€95,440	€78,132	€62,292	€55,040	▼ 11.6%
Intangible fixed assets21	€3,583	€2,583	€1,583	€583	-	-	-	-
Tangible fixed assets22/27	€112,781	€104,353	€91,997	€88,086	€71,362	€55,522	€48,270	▼ 13.1%
Land and buildings22	-	-	-	-	-	-	€19,425	-
Plant, machinery and equipment23	-	-	-	€43,896	€34,426	€26,891	€19,430	▼ 27.7%
Furniture and vehicles24	-	-	-	€17,095	€12,591	€9,540	€9,416	▼ 1.3%
Other tangible fixed assets26	-	-	-	€27,095	€24,345	€19,091	-	-
Financial fixed assets28	€11,414	€6,770	€6,770	€6,770	€6,770	€6,770	€6,770	=
Current assets29/58	€151,227	€139,207	€85,769	€37,981	€66,410	€75,841	€89,760	▲ 18.4%
Stocks and contracts in progress3	€12,748	€12,587	€6,670	€10,125	€10,212	€9,337	€9,956	▲ 6.6%
Stocks30/36	-	-	-	€10,125	€10,212	€9,337	€9,956	▲ 6.6%
Amounts receivable within one year40/41	€63,437	€52,686	€15,701	€16,982	€17,704	€6,190	€69,313	▲ 11×
Trade receivables40	-	-	-	€982	€1,284	€3,190	€65,498	▲ 21×
Other amounts receivable41	-	-	-	€16,000	€16,420	€3,000	€3,816	▲ 27.2%
Cash at bank and in hand54/58	€75,042	€35,841	€19,873	€10,874	€31,361	€45,393	€10,491	▼ 76.9%
Deferred charges and accrued income490/1	-	-	-	-	€7,133	€14,921	€0	▼ 100%
Equity and liabilities
Total equity and liabilities10/49	€279,005	€252,914	€186,120	€133,421	€144,542	€138,134	€144,800	▲ 4.8%
Equity10/15	-€141,667	-€150,183	-€168,802	-€201,344	-€263,062	-€370,986	-€423,662	▼ 14.2%
Contributions10/11	€6,200	€6,200	€6,200	€6,200	€6,200	€6,200	€6,200	=
Capital10	-	-	-	€6,200	€6,200	-	-	-
Issued capital100	-	-	-	€18,600	€18,600	-	-	-
Uncalled capital101	-	-	-	€12,400	€12,400	-	-	-
Profit (loss) carried forward14	-€147,867	-€156,383	-€175,002	-€207,544	-€269,262	-€377,186	-€429,862	▼ 14.0%
Amounts payable17/49	€420,672	€403,097	€354,922	€334,764	€407,604	€509,120	€568,463	▲ 11.7%
Amounts payable after more than one year17	€123,425	€114,732	€114,000	€100,000	€100,000	€60,580	€53,418	▼ 11.8%
Financial debts170/4	-	-	-	€100,000	€100,000	€60,580	€53,418	▼ 11.8%
Amounts payable within one year42/48	€293,984	€288,365	€240,922	€231,624	€307,604	€447,484	€510,124	▲ 14.0%
Current portion of amounts payable after more than one year42	-	-	-	€2,920	€28,360	€29,078	€34,295	▲ 17.9%
Financial debts43	-	-	-	-	-	-	€2,776	-
Credit institutions430/8	-	-	-	-	-	-	€2,776	-
Trade debts44	€196,248	€194,309	€147,289	€168,742	€263,440	€376,659	€444,900	▲ 18.1%
Suppliers440/4	-	-	-	€168,742	€263,440	€376,659	€444,900	▲ 18.1%
Taxes, remuneration and social security45	-	-	-	€18,278	€15,015	€41,748	€28,153	▼ 32.6%
Taxes450/3	-	-	-	€4,583	-	€3,572	-	-
Remuneration and social security454/9	-	-	-	€13,695	€15,015	€38,176	€28,153	▼ 26.3%
Other amounts payable47/48	-	-	-	€41,684	€788	-	-	-
Accrued charges and deferred income492/3	-	-	-	€3,141	-	€1,056	€4,921	▲ 366%

Line	2018	2019	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€13,917	-€8,516	-€18,619	-€32,542	-€61,718	-€107,924	-€52,676	▲ 51.2%
+ Depreciation and write-downs630	€25,104	€20,489	€20,133	€21,173	€22,347	€22,238	€21,468	▼ 3.5%
Operating cash flow (approximation)	€39,021	€11,973	€1,514	-€11,369	-€39,372	-€85,686	-€31,208	▲ 63.6%
Investment in fixed assets (approximation)	-	-€6,417	-€6,777	-€16,262	-€5,039	-€6,399	-€14,216	▼ 122%
Change in cash	-	-€39,201	-€15,968	-€8,999	€20,487	€14,033	-€34,902	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 13 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2024	full format	09-08-2025	2025-00372156	PDF
31-12-2023	full format	16-08-2024	2024-00354060	PDF
31-12-2022	full format	29-07-2023	2023-00304435	PDF
31-12-2021	full format	01-07-2022	2022-20130990	PDF
31-12-2020	full format	30-08-2021	2021-60400102	PDF
31-12-2019	full format	07-07-2020	2020-27500183	PDF
31-12-2018	full format	31-08-2019	2019-61800330	PDF
31-12-2017	full format	30-09-2018	2018-68100601	PDF
31-12-2016	full format	09-11-2017	2017-69600078	PDF
31-12-2015	full format	18-08-2016	2016-45500300	PDF

Show all 13 filings