THB14
ActiveSummary
The computed 12-month bankruptcy probability of THB14 is 2.0% (moderate). The 2025 annual accounts show equity of €189,960 and a net result of -€20,966. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 13604 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-4
Solvency61▼-39
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.66 against 38.44 in 2024; short-term debt: 64.1% and cash: 4.7% of total assets), and 64.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
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 -€20,966
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 9 filingsDeviation from the deadline
2025
12 d late
2024
13 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 12 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 company by equity in Awans, Accommodation and food service sector#7 company by total assets in Awans, Accommodation and food service sector
Equity
€189,960▼ 9.9%
2024 · €210,926
Total assets
€529,249▲ 145%
2024 · €216,162
Net result
-€20,966▼ 1,488%
2024 · -€1,320
Working capital
-€113,805
2024 · €196,054
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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-€44,328▲ 40.3%-€51,561▼ 16.3%-€81,747▼ 58.5%-€669▲ 99.2%-€19,488▼ 2,815%
Net result-€59,677below the sector's middle half▲ 33.5%-€66,399below the sector's middle half▼ 11.3%-€101,342below the sector's middle half▼ 52.6%-€1,320within the sector's middle half▲ 98.7%-€20,966below the sector's middle half▼ 1,488%
Equity-€448,918below the sector's middle half▼ 15.3%-€515,317below the sector's middle half▼ 14.8%€212,246above the sector's middle half€210,926above the sector's middle half▼ 0.6%€189,960above the sector's middle half▼ 9.9%
Total assets€116,056within the sector's middle half▼ 23.7%€87,620within the sector's middle half▼ 24.5%€219,008within the sector's middle half▲ 150%€216,162within the sector's middle half▼ 1.3%€529,249above the sector's middle half▲ 145%
Debt€564,974▲ 4.4%€602,937▲ 6.7%€6,763▼ 98.9%€5,236▼ 22.6%€339,289▲ 6,380%
Working capital-€498,171below the sector's middle half▼ 7.9%-€124,738below the sector's middle half▲ 75.0%€197,120above the sector's middle half€196,054above the sector's middle half▼ 0.5%-€113,805below the sector's middle half
Solvency-386.8%below the sector's middle half▼ 131.0pp-588.1%below the sector's middle half▼ 201.3pp96.9%above the sector's middle half▲ 685.0pp97.6%above the sector's middle half▲ 0.7pp35.9%within the sector's middle half▼ 61.7pp
Current ratio0.03below the sector's middle half▲ 0.010.02below the sector's middle half▼ 0.0131.13above the sector's middle half▲ 31.1138.44above the sector's middle half▲ 7.310.66within the sector's middle half▼ 37.78
Return on assets (ROA)-51.4%below the sector's middle half▲ 7.6pp-75.8%below the sector's middle half▼ 24.4pp-46.3%below the sector's middle half▲ 29.5pp-0.6%within the sector's middle half▲ 45.7pp-4.0%within the sector's middle half▼ 3.4pp
Staff (FTE)9.9▲ 7.6%10.1▲ 2.0%4.8
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,488 in 2025 against €669 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €527,845
Fixed assets
€302,360 ▲ 2,227%
Current assets
€225,485 ▲ 12.0%
Equity and liabilities €529,249
Equity
€189,960 ▼ 9.9%
Debt
€339,289 ▲ 6,380%
Debt's share of the balance-sheet total rises from 2.4% to 64.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€12,684▼
2024 · -€194
Cash flow
-€14,163▼
2024 · -€846
Quick ratio
0.63▼
2024 · 38.44
Debt to equity
1.79▲
2024 · 0.02
ROE
-11.0%▼
2024 · -0.6%
Interest coverage
-8.57▼
2024 · -0.30
Debt ≤ 1 year
€339,289▲
2024 · €5,236
Staff costs
€88,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,442 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 | €72,441 | €121,907 | €1,255 | - | €88,155 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,974 | €16,582 | €18 | €474 | €6,803 | ▲ 1,335% |
| Other operating charges640/8 | €2,649 | €804 | €4,869 | €187 | €620 | ▲ 232% |
| Non-recurring operating charges66A | - | - | €71,907 | - | - | - |
| Gross operating margin9900 | €63,736 | €87,732 | -€3,698 | -€7 | €76,091 | ▲ 1,020,081% |
| Operating profit (loss)9901 | -€44,328 | -€51,561 | -€81,747 | -€669 | -€19,488 | ▼ 2,815% |
| Financial income75/76B | €0 | €1 | - | - | €3 | - |
| Recurring financial income75 | €0 | €1 | - | - | €3 | - |
| Financial charges65/66B | €15,349 | €14,839 | €19,595 | €651 | €1,481 | ▲ 127% |
| Recurring financial charges65 | €15,349 | €14,839 | €19,595 | €651 | €1,481 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | -€59,677 | -€66,399 | -€101,342 | -€1,320 | -€20,966 | ▼ 1,488% |
| Profit (loss) for the period9904 | -€59,677 | -€66,399 | -€101,342 | -€1,320 | -€20,966 | ▼ 1,488% |
| Profit (loss) for the period to be appropriated9905 | -€59,677 | -€66,399 | -€101,342 | -€1,320 | -€20,966 | ▼ 1,488% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,056 | €87,620 | €219,008 | €216,162 | €529,249 | ▲ 145% |
| Formation expenses20 | - | - | €2,353 | €1,879 | €1,404 | ▼ 25.2% |
| Fixed assets21/28 | €101,281 | €85,533 | €12,993 | €12,993 | €302,360 | ▲ 2,227% |
| Intangible fixed assets21 | €10,568 | €8,500 | - | - | €29,827 | - |
| Tangible fixed assets22/27 | €77,086 | €63,407 | - | - | €259,492 | - |
| Plant, machinery and equipment23 | - | €754 | - | - | €45,211 | - |
| Furniture and vehicles24 | - | - | - | - | €13,846 | - |
| Other tangible fixed assets26 | €77,086 | €62,654 | - | - | €200,435 | - |
| Financial fixed assets28 | €13,626 | €13,626 | €12,993 | €12,993 | €13,041 | ▲ 0.4% |
| Current assets29/58 | €14,775 | €2,087 | €203,663 | €201,290 | €225,485 | ▲ 12.0% |
| Stocks and contracts in progress3 | €1,534 | - | - | - | €11,556 | - |
| Stocks30/36 | €1,534 | - | - | - | €11,556 | - |
| Amounts receivable within one year40/41 | €1,349 | - | €200,743 | €201,290 | €188,295 | ▼ 6.5% |
| Trade receivables40 | €687 | - | - | - | €1,828 | - |
| Other amounts receivable41 | €662 | - | €200,743 | €201,290 | €186,467 | ▼ 7.4% |
| Cash at bank and in hand54/58 | - | - | €2,919 | - | €24,990 | - |
| Deferred charges and accrued income490/1 | €11,892 | €2,087 | - | - | €643 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,056 | €87,620 | €219,008 | €216,162 | €529,249 | ▲ 145% |
| Equity10/15 | -€448,918 | -€515,317 | €212,246 | €210,926 | €189,960 | ▼ 9.9% |
| Contributions10/11 | €30,000 | €30,000 | €858,905 | €858,905 | €858,905 | = |
| Capital10 | €30,000 | €30,000 | - | - | - | - |
| Issued capital100 | €30,000 | €30,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€478,918 | -€545,317 | -€646,659 | -€647,979 | -€668,945 | ▼ 3.2% |
| Amounts payable17/49 | €564,974 | €602,937 | €6,763 | €5,236 | €339,289 | ▲ 6,380% |
| Amounts payable after more than one year17 | €51,435 | €475,752 | - | - | - | - |
| Financial debts170/4 | €51,435 | €475,752 | - | - | - | - |
| Amounts payable within one year42/48 | €512,946 | €126,825 | €6,543 | €5,236 | €339,289 | ▲ 6,380% |
| Current portion of amounts payable after more than one year42 | €28,421 | €24,263 | - | - | - | - |
| Financial debts43 | - | - | - | €5,131 | - | - |
| Credit institutions430/8 | - | - | - | €5,131 | - | - |
| Trade debts44 | €55,156 | €86,373 | €6,543 | €106 | €319,057 | ▲ 302,324% |
| Suppliers440/4 | €55,156 | €86,373 | €6,543 | €106 | €319,057 | ▲ 302,324% |
| Taxes, remuneration and social security45 | €3,091 | €6,296 | - | - | €20,232 | - |
| Taxes450/3 | - | - | - | - | €1,768 | - |
| Remuneration and social security454/9 | €3,091 | €6,296 | - | - | €18,464 | - |
| Other amounts payable47/48 | €426,279 | €9,894 | - | - | - | - |
| Accrued charges and deferred income492/3 | €592 | €360 | €220 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,677 | -€66,399 | -€101,342 | -€1,320 | -€20,966 | ▼ 1,488% |
| + Depreciation and write-downs630 | €32,974 | €16,582 | €18 | €474 | €6,803 | ▲ 1,335% |
| Operating cash flow (approximation) | -€26,702 | -€49,817 | -€101,324 | -€846 | -€14,163 | ▼ 1,574% |
| Investment in fixed assets (approximation) | - | -€835 | €72,522 | -€474 | -€296,171 | ▼ 62,358% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Liquidity times 1892current ratio 31.13
Current ratio from 0.02 to 31.13; short-term debt falls from €126,825 to €6,543.
31-12
Financial
Equity above €200,000Eq €212,246
Equity rises from -€515,317 to €212,246.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Awans · 1 establishment unit since 2017
Ground area
13.3 ha
Building footprint
5,000 m²
Volume, LiDAR
35,637 m³
2 parcels, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
THB14 SRL
since 20172.262.972.386
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25744D0293/00K010 | Wallonia | 12.4 ha | 1 · 51 m² | 3.0 m · 1 fl. |
| 62053A0195/02A000 | Wallonia | 9,846 m² | 1 · 4,948 m² | 10.2 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.
Structure & network
Part of the group
THE BBDING Company
13 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- THE BBDING Company
- THB14
Highest known parent: THE BBDING Company. The sources do not say who stands above it.
Owners 1
- THE BBDING Companyparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraine-l'Alleud2.262.972.386
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,782. 6,818 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
Founded22-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47210Retail sale of fruit and vegetables
Contact
E-mail
roberto@huggysbar.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672897809
Registered
20-06-2025
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.