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THB9

Dissolution or liquidation
Private limited companyfounded 2018Rue de Bruxelles 10-15, 4340 Awans, BelgiumKBO/BCE: BE 0697.963.597
THB9Dissolution or liquidation

Financials · financial year 2024, full format

2024 annual accounts filed 13 days after the deadline Filed on 13 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00376893.

Annual accounts 2024 filed on 13-08-2025 PDF all 6 filings

Turnover
≈ €680,000
Estimated: probably between €640,000 and €950,000
EBIT margin
Not included in this filing
Net result
-€88,163▼ 414%
2023 · -€17,144
Working capital
-€281,239▼ 29.5%
2023 · -€217,136
Trend over the years

2020 to 2024, 5 financial years 2019 to 2024, 6 financial years

The operating result for 2024 is a loss of €77,782, larger than the loss of €5,827 in 2023. It is the lowest result since 2020.

Operating result-€77,782 2024 Net result-€88,163 2024

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line201920202021202220232024
Operating result-€23,118--€61,403▼ 166%€5,690€46,948▲ 725%-€5,827-€77,782▼ 1,235%
Net result-€58,264--€82,155below the sector's middle half▼ 41.0%-€15,628below the sector's middle half▲ 81.0%€32,641within the sector's middle half-€17,144below the sector's middle half-€88,163below the sector's middle half▼ 414%
Equity€41,736--€40,419below the sector's middle half-€56,047below the sector's middle half▼ 38.7%-€23,406below the sector's middle half▲ 58.2%-€40,549below the sector's middle half▼ 73.2%-€128,712below the sector's middle half▼ 217%
Total assets€589,001-€516,471above the sector's middle half▼ 12.3%€469,850within the sector's middle half▼ 9.0%€421,413within the sector's middle half▼ 10.3%€300,618within the sector's middle half▼ 28.7%€240,317within the sector's middle half▼ 20.1%
Debt€547,265-€556,890▲ 1.8%€525,897▼ 5.6%€444,818▼ 15.4%€341,167▼ 23.3%€369,029▲ 8.2%
Working capital-€206,888--€227,272below the sector's middle half▼ 9.9%-€139,928below the sector's middle half▲ 38.4%-€151,670below the sector's middle half▼ 8.4%-€217,136below the sector's middle half▼ 43.2%-€281,239below the sector's middle half▼ 29.5%
Solvency7.1%--7.8%within the sector's middle half▼ 14.9pp-11.9%below the sector's middle half▼ 4.1pp-5.6%below the sector's middle half▲ 6.4pp-13.5%below the sector's middle half▼ 7.9pp-53.6%below the sector's middle half▼ 40.1pp
Current ratio0.12-0.12below the sector's middle half▲ 0.010.26below the sector's middle half▲ 0.130.34below the sector's middle half▲ 0.090.18below the sector's middle half▼ 0.160.08below the sector's middle half▼ 0.11
Return on assets (ROA)-9.9%--15.9%below the sector's middle half▼ 6.0pp-3.3%below the sector's middle half▲ 12.6pp7.7%within the sector's middle half▲ 11.1pp-5.7%within the sector's middle half▼ 13.4pp-36.7%below the sector's middle half▼ 31.0pp
Staff (FTE)29.4-18.5above the sector's middle half▼ 37.1%17.2above the sector's middle half▼ 7.0%18.3above the sector's middle half▲ 6.4%16within the sector's middle half▼ 12.6%9.9within the sector's middle half▼ 38.1%
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 turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €240,317
Fixed assets €216,774 ▼ 14.1%
Current assets €23,544 ▼ 51.4%
Equity and liabilities
Equity-€128,712
Debt€369,029
Equity is negative. Debt (€369,029) exceeds the balance-sheet total (€240,317).
Key figures and ratios
2024 value · change against 2023
EBITDA
-€24,972▼
2023 · €74,544
Cash flow
-€35,353▼
2023 · €63,227
Quick ratio
0.05▼
2023 · 0.14
Interest coverage
-2.37▼
2023 · 6.16
Debt ≤ 1 year
€304,782▲
2023 · €265,534
Debt > 1 year
€64,247▼
2023 · €75,633
Staff costs
€315,352▼
2023 · €348,817
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
Item31-12-202131-12-202231-12-202331-12-2024
Employees at the balance-sheet date209917
full-time20987
part-time--110
in full-time equivalents2098.1-
Average over the year, in full-time equivalents17.218.3169.9
On a permanent contract4676
Joined34-3224
Left33-2816

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

Investments

fixed assets acquired
Item2021202220232024
Tangible fixed assets€2,971€10,515€6,534€17,496
Financial fixed assets€25,225€875--
Depreciation and write-downs of the year€90,886€90,474€80,371€52,810

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

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines

Source: Annual accounts 2024 (PDF), filed on 13-08-2025.

Balance sheet Code20232024
Assets
Total assets20/58€300,618€240,317▼
Fixed assets21/28€252,221€216,774▼
Intangible fixed assets21€14,000€11,000▼
Tangible fixed assets22/27€227,371€195,057▼
Plant, machinery and equipment23€10,824€10,059▼
Furniture and vehicles24€5,369€9,615▲
Leasing and similar rights25€211,177-
Other tangible fixed assets26-€175,382
Financial fixed assets28€10,850€10,717▼
Current assets29/58€48,397€23,544▼
Stocks and contracts in progress3€10,944€9,365▼
Stocks30/36€10,944€9,365▼
Amounts receivable within one year40/41€7,324€3,051▼
Trade receivables40€7,324€3,051▼
Cash at bank and in hand54/58€20,919€10,602▼
Deferred charges and accrued income490/1€9,210€526▼
Equity and liabilities
Total equity and liabilities10/49€300,618€240,317▼
Equity10/15-€40,549-€128,712▼
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€140,549-€228,712▼
Amounts payable17/49€341,167€369,029▲
Amounts payable after more than one year17€75,633€64,247▼
Financial debts170/4€75,633€64,247▼
Amounts payable within one year42/48€265,534€304,782▲
Current portion of amounts payable after more than one year42€159,091€94,630▼
Trade debts44€71,599€175,437▲
Suppliers440/4€71,599€175,437▲
Taxes, remuneration and social security45€33,844€34,715▲
Taxes450/3€9,387€5,672▼
Remuneration and social security454/9€24,457€29,043▲
Other amounts payable47/48€1,000-
Income statement Code20232024
Remuneration, social security and pensions62€348,817€315,352▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80,371€52,810▼
Other operating charges640/8€1,957€1,380▼
Gross operating margin9900€425,318€291,760▼
Operating profit (loss)9901-€5,827-€77,782▼
Financial income75/76B€789€149▼
Recurring financial income75€789€149▼
Financial charges65/66B€12,106€10,530▼
Recurring financial charges65€12,106€10,530▼
Profit (loss) for the period before taxes9903-€17,144-€88,163▼
Profit (loss) for the period9904-€17,144-€88,163▼
Profit (loss) for the period to be appropriated9905-€17,144-€88,163▼
Appropriation of the result
Profit (loss) to be appropriated9906-€140,549-€228,712▼
Profit (loss) brought forward from the previous period14P-€123,406-€140,549▼
Social balance sheet
Average headcount (FTE)908716.09.9▼

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line201920202021202220232024Change
Remuneration, social security and pensions62--€233,401€299,920€348,817€315,352▼ 9.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112,865€90,774€90,886€90,474€80,371€52,810▼ 34.3%
Other operating charges640/8--€1,500€1,340€1,957€1,380▼ 29.5%
Non-recurring operating charges66A---€29---
Gross operating margin9900€614,254€239,282€331,476€438,711€425,318€291,760▼ 31.4%
Operating profit (loss)9901-€23,118-€61,403€5,690€46,948-€5,827-€77,782▼ 1,235%
Financial income75/76B--€252€965€789€149▼ 81.1%
Recurring financial income75€1€17€252€965€789€149▼ 81.1%
Financial charges65/66B--€21,570€15,272€12,106€10,530▼ 13.0%
Recurring financial charges65€35,147€20,769€21,570€15,272€12,106€10,530▼ 13.0%
Profit (loss) for the period before taxes9903-€58,264-€82,155-€15,628€32,641-€17,144-€88,163▼ 414%
Profit (loss) for the period9904-€58,264-€82,155-€15,628€32,641-€17,144-€88,163▼ 414%
Profit (loss) for the period to be appropriated9905-€58,264-€82,155-€15,628€32,641-€17,144-€88,163▼ 414%
Line201920202021202220232024Change
Assets
Total assets20/58€589,001€516,471€469,850€421,413€300,618€240,317▼ 20.1%
Fixed assets21/28€561,941€484,060€421,369€342,285€252,221€216,774▼ 14.1%
Intangible fixed assets21€27,448€24,053€20,658€17,263€14,000€11,000▼ 21.4%
Tangible fixed assets22/27€533,591€459,030€374,509€297,944€227,371€195,057▼ 14.2%
Plant, machinery and equipment23--€57,768€31,245€10,824€10,059▼ 7.1%
Furniture and vehicles24--€18,076€11,507€5,369€9,615▲ 79.1%
Leasing and similar rights25--€298,665€255,192€211,177--
Other tangible fixed assets26-----€175,382-
Financial fixed assets28€902€977€26,202€27,077€10,850€10,717▼ 1.2%
Current assets29/58€27,060€32,411€48,480€79,128€48,397€23,544▼ 51.4%
Stocks and contracts in progress3€14,552€9,851€11,752€10,792€10,944€9,365▼ 14.4%
Stocks30/36--€11,752€10,792€10,944€9,365▼ 14.4%
Amounts receivable within one year40/41€2,623€7,323€3,152€16,995€7,324€3,051▼ 58.3%
Trade receivables40--€3,145€16,995€7,324€3,051▼ 58.3%
Other amounts receivable41--€6----
Cash at bank and in hand54/58€9,388€15,238€27,928€30,263€20,919€10,602▼ 49.3%
Deferred charges and accrued income490/1--€5,649€21,078€9,210€526▼ 94.3%
Equity and liabilities
Total equity and liabilities10/49€589,001€516,471€469,850€421,413€300,618€240,317▼ 20.1%
Equity10/15€41,736-€40,419-€56,047-€23,406-€40,549-€128,712▼ 217%
Contributions10/11€100,000€100,000€100,000€100,000€100,000€100,000=
Capital10--€100,000€100,000---
Issued capital100--€100,000€100,000---
Profit (loss) carried forward14-€58,264-€140,419-€156,047-€123,406-€140,549-€228,712▼ 62.7%
Amounts payable17/49€547,265€556,890€525,897€444,818€341,167€369,029▲ 8.2%
Amounts payable after more than one year17€313,316€285,319€324,513€202,133€75,633€64,247▼ 15.1%
Financial debts170/4--€324,513€202,133€75,633€64,247▼ 15.1%
Amounts payable within one year42/48€233,948€259,684€188,408€230,798€265,534€304,782▲ 14.8%
Current portion of amounts payable after more than one year42--€118,412€152,060€159,091€94,630▼ 40.5%
Trade debts44€59,195€28,172€38,794€36,871€71,599€175,437▲ 145%
Suppliers440/4--€38,794€36,871€71,599€175,437▲ 145%
Taxes, remuneration and social security45--€31,202€31,867€33,844€34,715▲ 2.6%
Taxes450/3--€14,751€8,468€9,387€5,672▼ 39.6%
Remuneration and social security454/9--€16,451€23,398€24,457€29,043▲ 18.7%
Other amounts payable47/48---€10,000€1,000--
Accrued charges and deferred income492/3--€12,976€11,888---
Line201920202021202220232024Change
Profit (loss) for the period9904-€58,264-€82,155-€15,628€32,641-€17,144-€88,163▼ 414%
+ Depreciation and write-downs630€112,865€90,774€90,886€90,474€80,371€52,810▼ 34.3%
Operating cash flow (approximation)€54,602€8,618€75,258€123,116€63,227-€35,353-
Investment in fixed assets (approximation)--€12,893-€28,196-€11,390€9,693-€17,363-
Change in cash-€5,849€12,690€2,335-€9,344-€10,318▼ 10.4%

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

Download as CSV

Filings with the National Bank (6)
Financial year Type Filed Reference Document
31-12-2024 full format 13-08-2025 2025-00376893 PDF
31-12-2023 full format 19-08-2024 2024-00353901 PDF
31-12-2022 full format 29-07-2023 2023-00303786 PDF
31-12-2021 full format 01-07-2022 2022-20130917 PDF
31-12-2020 full format 30-08-2021 2021-60300560 PDF
31-12-2019 micro format 07-07-2020 2020-27500159 PDF