THB7
ActiveThe computed 12-month bankruptcy probability of THB7 is 3.3% (moderate). The 2025 annual accounts show negative equity (€-718k) and a net result of €-35k. Equity is shrinking by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 3657 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
19
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-25
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.05 in 2024; short-term debt: 516.2% and cash: 2.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
Sector 56
higher
← 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
-607.3%
Return on assets
-29.2%
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 €-718k
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
21 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 →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-35k▼ 259%
2024 · €-10k
2018: €-207k
2019: €-135k
2020: €-81k
2021: €-105k
2022: €-180k
2023: €-142k
2024: €-10k
2018 → 2025
Working capital
€-595k▼ 10.0%
2024 · €-541k
2018: €-266k
2019: €-382k
2020: €-429k
2021: €-482k
2022: €-617k
2023: €-534k
2024: €-541k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-327k-€-514k▼ 57.2%€-662k▼ 28.7%€-677k▼ 2.3%€-718k▼ 5.9%
Operating result€-91k-€-164k▼ 79.7%€-125k▲ 23.6%€10k€2k▼ 83.5%
Net result€-105k-€-180k▼ 71.3%€-142k▲ 21.2%€-10k▲ 93.2%€-35k▼ 259%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€103k▼ 30.0%
Current assets
€15k▼ 51.7%
Key figures and ratios
EBITDA
€51k▼
2024 · €59k
Cash flow
€15k▼
2024 · €39k
Solvency
-607.3%▼
2024 · -379.7%
Current ratio
0.02▼
2024 · 0.05
Quick ratio
0.01▼
2024 · 0.04
Debt / equity
-1.16▲
2024 · -1.26
ROA
-29.2%▼
2024 · -5.4%
Interest coverage
1.41▼
2024 · 2.95
Debt
€836k▼
2024 · €856k
Debt ≤ 1 year
€610k▲
2024 · €572k
Debt > 1 year
€226k▼
2024 · €284k
Staff costs
€353k▲
2024 · €342k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€178k€118k▼
Fixed assets21/28€147k€103k▼
Intangible fixed assets21€7k€5k▼
Tangible fixed assets22/27€140k€98k▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€9k€9k▼
Other tangible fixed assets26€120k€80k▼
Financial fixed assets28€714€854▲
Current assets29/58€31k€15k▼
Stocks and contracts in progress3€6k€11k▲
Stocks30/36€6k€11k▲
Amounts receivable within one year40/41€18k€811▼
Trade receivables40€341€811▲
Other amounts receivable41€18k-
Cash at bank and in hand54/58€5k€3k▼
Deferred charges and accrued income490/1€1k€719▼
Equity and liabilities
Total equity and liabilities10/49€178k€118k▼
Equity10/15€-677k€-718k▼
Contributions10/11€166k€166k=
Profit (loss) carried forward14€-859k€-894k▼
Investment grants15€16k€10k▼
Amounts payable17/49€856k€836k▼
Amounts payable after more than one year17€284k€226k▼
Financial debts170/4€284k€226k▼
Amounts payable within one year42/48€572k€610k▲
Current portion of amounts payable after more than one year42€37k€2k▼
Financial debts43€10k€25k▲
Credit institutions430/8€10k€25k▲
Trade debts44€476k€537k▲
Suppliers440/4€476k€537k▲
Taxes, remuneration and social security45€48k€46k▼
Taxes450/3€10k€8k▼
Remuneration and social security454/9€38k€38k▼
Income statement
Code20242025
Non-recurring operating income76A€18k-
Remuneration, social security and pensions62€342k€353k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€49k▲
Other operating charges640/8€2k€625▼
Gross operating margin9900€403k€404k▲
Operating profit (loss)9901€10k€2k▼
Financial income75/76B€5€0▼
Recurring financial income75€5€0▼
Financial charges65/66B€20k€36k▲
Recurring financial charges65€20k€36k▲
Profit (loss) for the period before taxes9903€-10k€-35k▼
Profit (loss) for the period9904€-10k€-35k▼
Profit (loss) for the period to be appropriated9905€-10k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-859k€-894k▼
Profit (loss) brought forward from the previous period14P€-850k€-859k▼
Social balance
Average headcount (FTE)908711.78.1▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 16 days late
2023
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
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
NBB filing
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Bruxelles 10-154340 AwansGround area
9,967 m²
Building footprint
5,065 m²
Volume, LiDAR
36,859 m³
2 parcels, Brussels, Wallonia · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
The Huggy's Bar
since 20172.265.333.941
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. |
| 21013B0005/00N020 | Brussels | 121 m² | 1 · 117 m² | 18.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 site · 1 with a smileySint-Gillis2.265.333.941
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 7,838 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-05-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:roberto@huggysbar.com