THB6
ActiveSummary
The computed 12-month bankruptcy probability of THB6 is 3.4% (moderate). The 2025 annual accounts show negative equity (€-791k) and a net result of €-59k. Equity is shrinking by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 13417 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
Profitability4▲+4
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.03 in 2024; short-term debt: 532.9% and cash: 6.8% of total assets), and equity is negative.
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Signals
Five 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 · 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
-655.1%
Return on assets
-48.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-791k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 8 filingsDeviation from the deadline
2025
27 d late
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 (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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-59k▲ 7.7%
2024 · €-64k
Working capital
€-620k▼ 0.1%
2024 · €-620k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-156k▼ 106%€-126k▲ 19.1%€-127k▼ 0.5%€-48k▲ 61.9%€-28k▲ 41.1%
Net result€-172k▼ 93.0%€-140k▲ 18.4%€-140k▼ 0.1%€-64k▲ 54.5%€-59k▲ 7.7%
Equity€-363k▼ 97.9%€-510k▼ 40.6%€-656k▼ 28.6%€-726k▼ 10.6%€-791k▼ 8.9%
Total assets€274k▼ 18.6%€223k▼ 18.5%€202k▼ 9.5%€157k▼ 22.1%€121k▼ 23.4%
Debt€637k▲ 22.5%€733k▲ 15.2%€858k▲ 17.0%€883k▲ 2.9%€911k▲ 3.2%
Working capital€-499k▼ 36.8%€-614k▼ 23.1%€-587k▲ 4.4%€-620k▼ 5.5%€-620k▼ 0.1%
Staff (FTE)13.2▲ 26.9%19.1▲ 44.7%18.7▼ 2.1%10.4▼ 44.4%11.4▲ 9.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €48k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121k
Fixed assets
€98k ▼ 28.3%
Current assets
€23k ▲ 8.3%
Key figures and ratios
EBITDA
€14k▲
2024 · €-7k
Cash flow
€-16k▲
2024 · €-22k
Solvency
-655.1%▼
2024 · -460.9%
Current ratio
0.04▲
2024 · 0.03
Quick ratio
0.02▲
2024 · 0.02
Debt to equity
-1.15▲
2024 · -1.22
ROA
-48.8%▼
2024 · -40.5%
Interest coverage
0.47▲
2024 · -0.44
Debt ≤ 1 year
€643k▲
2024 · €641k
Debt > 1 year
€268k▲
2024 · €242k
Staff costs
€346k▼
2024 · €356k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €222k | €305k | €367k | €356k | €346k | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €50k | €39k | €41k | €43k | ▲ 3.5% |
| Other operating charges640/8 | €538 | €852 | €1k | €6k | €680 | ▼ 89.4% |
| Non-recurring operating charges66A | €10k | €1k | €404 | - | - | - |
| Gross operating margin9900 | €130k | €231k | €281k | €355k | €362k | ▲ 1.8% |
| Operating profit (loss)9901 | €-156k | €-126k | €-127k | €-48k | €-28k | ▲ 41.1% |
| Financial income75/76B | €9 | €7 | €1 | €96 | €0 | ▼ 100.0% |
| Recurring financial income75 | €9 | €7 | €1 | €96 | €0 | ▼ 100.0% |
| Financial charges65/66B | €16k | €14k | €14k | €16k | €30k | ▲ 95.4% |
| Recurring financial charges65 | €16k | €14k | €14k | €16k | €30k | ▲ 95.4% |
| Profit (loss) for the period before taxes9903 | €-172k | €-140k | €-140k | €-64k | €-59k | ▲ 7.7% |
| Profit (loss) for the period9904 | €-172k | €-140k | €-140k | €-64k | €-59k | ▲ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €-172k | €-140k | €-140k | €-64k | €-59k | ▲ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €274k | €223k | €202k | €157k | €121k | ▼ 23.4% |
| Fixed assets21/28 | €255k | €194k | €157k | €136k | €98k | ▼ 28.3% |
| Intangible fixed assets21 | €15k | €12k | €9k | €7k | €4k | ▼ 36.4% |
| Tangible fixed assets22/27 | €228k | €170k | €136k | €118k | €82k | ▼ 30.7% |
| Plant, machinery and equipment23 | €9k | €654 | €1k | €3k | €2k | ▼ 33.4% |
| Furniture and vehicles24 | - | - | €2k | €9k | €8k | ▼ 13.8% |
| Leasing and similar rights25 | €219k | €170k | €133k | - | - | - |
| Other tangible fixed assets26 | - | - | - | €106k | €72k | ▼ 32.1% |
| Financial fixed assets28 | €12k | €12k | €11k | €11k | €12k | ▲ 1.0% |
| Current assets29/58 | €19k | €29k | €45k | €21k | €23k | ▲ 8.3% |
| Stocks and contracts in progress3 | €11k | €11k | €10k | €10k | €11k | ▲ 7.3% |
| Stocks30/36 | €11k | €11k | €10k | €10k | €11k | ▲ 7.3% |
| Amounts receivable within one year40/41 | €1k | €2k | €15k | €183 | €1k | ▲ 665% |
| Trade receivables40 | €1k | €2k | €15k | €183 | €1k | ▲ 665% |
| Cash at bank and in hand54/58 | €3k | €8k | €12k | €10k | €8k | ▼ 21.3% |
| Deferred charges and accrued income490/1 | €3k | €9k | €8k | €877 | €3k | ▲ 235% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €274k | €223k | €202k | €157k | €121k | ▼ 23.4% |
| Equity10/15 | €-363k | €-510k | €-656k | €-726k | €-791k | ▼ 8.9% |
| Contributions10/11 | €166k | €166k | €166k | €166k | €166k | = |
| Capital10 | €166k | €166k | - | - | - | - |
| Issued capital100 | €166k | €166k | - | - | - | - |
| Profit (loss) carried forward14 | €-564k | €-704k | €-844k | €-908k | €-967k | ▼ 6.5% |
| Investment grants15 | €36k | €28k | €22k | €16k | €10k | ▼ 36.4% |
| Amounts payable17/49 | €637k | €733k | €858k | €883k | €911k | ▲ 3.2% |
| Amounts payable after more than one year17 | €103k | €90k | €226k | €242k | €268k | ▲ 10.6% |
| Financial debts170/4 | €103k | €90k | €226k | €242k | €268k | ▲ 10.6% |
| Amounts payable within one year42/48 | €517k | €643k | €632k | €641k | €643k | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | €42k | €70k | €29k | €32k | €1k | ▼ 96.4% |
| Financial debts43 | - | - | - | €17k | €25k | ▲ 45.9% |
| Credit institutions430/8 | - | - | - | €17k | €25k | ▲ 45.9% |
| Trade debts44 | €279k | €408k | €581k | €555k | €579k | ▲ 4.4% |
| Suppliers440/4 | €279k | €408k | €581k | €555k | €579k | ▲ 4.4% |
| Taxes, remuneration and social security45 | €29k | €31k | €21k | €37k | €38k | ▲ 1.8% |
| Taxes450/3 | €2k | €4k | €2k | €3k | €6k | ▲ 84.7% |
| Remuneration and social security454/9 | €28k | €27k | €19k | €34k | €32k | ▼ 6.7% |
| Other amounts payable47/48 | €167k | €134k | €702 | €25 | €25 | = |
| Accrued charges and deferred income492/3 | €16k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-172k | €-140k | €-140k | €-64k | €-59k | ▲ 7.7% |
| + Depreciation and write-downs630 | €54k | €50k | €39k | €41k | €43k | ▲ 3.5% |
| Operating cash flow (approximation) | €-118k | €-90k | €-101k | €-22k | €-16k | ▲ 28.3% |
| Investment in fixed assets (approximation) | - | €11k | €-3k | €-20k | €-4k | ▲ 78.8% |
| Change in cash | - | €5k | €3k | €-1k | €-2k | ▼ 114% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-172k
Net result drops to €-172k, the lowest in the series; recovery starts the following year.
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
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
1.0 ha
Building footprint
5,213 m²
Volume, LiDAR
38,708 m³
2 parcels, Brussels, Wallonia · tallest building 28.3 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
THE HUGGY'S BAR
since 20172.265.334.436
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62053A0195/02A000 | Wallonia | 9,846 m² | 1 · 4,948 m² | 10.2 m · 2 fl. |
| 21822R0226/00K005 | Brussels | 170 m² | 1 · 265 m² | 28.3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.265.334.436
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 8,069 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
Founded24-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
roberto@huggysbar.be
Scores and ratios are computed by Checked and are not a credit decision.