Happiness Consult
ActiveHappiness Consult has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €3k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 7027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-25
Solvency83▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 4.32 in 2024; short-term debt: 40.2% and cash: 17.3% of total assets), and 41.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.3%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
21 d late
2023
23 d early
2022
24 d late
2021
23 d early
2020
17 d late
2019
21 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€117k▼ 36.0%
2024 · €182k
2019: €56k
2020: €80k
2021: €129k
2022: €185k
2023: €125k
2024: €182k
2019 → 2025
Total assets
€200k▼ 2.2%
2024 · €204k
2019: €109k
2020: €107k
2021: €196k
2022: €263k
2023: €272k
2024: €204k
2019 → 2025
Net result
€3k▼ 92.3%
2024 · €45k
2019: €50k
2020: €24k
2021: €49k
2022: €55k
2023: €-52
2024: €45k
2019 → 2025
Working capital
€32k▼ 57.1%
2024 · €73k
2019: €99k
2020: €89k
2021: €117k
2022: €147k
2023: €53k
2024: €73k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€185k▲ 42.9%€125k▼ 32.5%€182k▲ 46.1%€117k▼ 36.0%
Operating result€59k-€61k▲ 4.2%€-933€55k€4k▼ 91.9%
Net result€49k-€55k▲ 13.0%€-52€45k€3k▼ 92.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€88k▼ 19.0%
Current assets
€112k▲ 16.9%
Equity and liabilities €200k
Equity
€117k▼ 36.0%
Provisions
€3k
Debt
€80k▲ 262%
The debt ratio rises from 10.8% to 40.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26k▼
2024 · €78k
Cash flow
€25k▼
2024 · €68k
Solvency
58.3%▼
2024 · 89.2%
Current ratio
1.39▼
2024 · 4.32
Quick ratio
1.39▼
2024 · 4.32
Debt / equity
0.69▲
2024 · 0.12
ROE
3.0%▼
2024 · 24.7%
ROA
1.7%▼
2024 · 22.1%
Interest coverage
59.90▼
2024 · 282.60
Debt
€80k▲
2024 · €22k
Debt ≤ 1 year
€80k▲
2024 · €22k
Income taxes
€2k▼
2024 · €12k
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€204k€200k▼
Fixed assets21/28€109k€88k▼
Intangible fixed assets21€2k€2k▲
Tangible fixed assets22/27€107k€86k▼
Land and buildings22€48k€42k▼
Plant, machinery and equipment23€32k€26k▼
Furniture and vehicles24€27k€18k▼
Current assets29/58€96k€112k▲
Amounts receivable within one year40/41€54k€57k▲
Trade receivables40€28k€24k▼
Other amounts receivable41€26k€33k▲
Cash at bank and in hand54/58€22k€35k▲
Deferred charges and accrued income490/1€19k€20k▲
Equity and liabilities
Total equity and liabilities10/49€204k€200k▼
Equity10/15€182k€117k▼
Contributions10/11€19k€19k=
Reserves13€71k€2k▼
Distributable reserves133€71k€2k▼
Profit (loss) carried forward14€93k€96k▲
Provisions and deferred taxes16-€3k
Provisions for liabilities and charges160/5-€3k
Other liabilities and charges164/5-€3k
Amounts payable17/49€22k€80k▲
Amounts payable within one year42/48€22k€80k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€18k€9k▼
Taxes450/3€18k€9k▼
Other amounts payable47/48€0€69k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€3k
Other operating charges640/8€4k€490▼
Gross operating margin9900€82k€30k▼
Operating profit (loss)9901€55k€4k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€276€437▲
Recurring financial charges65€276€437▲
Profit (loss) for the period before taxes9903€57k€5k▼
Income taxes67/77€12k€2k▼
Profit (loss) for the period9904€45k€3k▼
Profit (loss) for the period to be appropriated9905€45k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€96k▲
Profit (loss) brought forward from the previous period14P€48k€93k▲
Transfer from equity791/2-€69k
Profit to be distributed694/7€0€69k▲
Return on contributions (dividend)694€0€69k▲
The notes to these accounts (10 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.32
Current ratio from 1.55 to 4.32; short-term debt falls from €96k to €22k.
31-12
Financial
Equity above €150kEq €182k ▲46.1%
Equity rises from €125k to €182k.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-52 ▼100%
Net result drops to €-52, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Highest result since 2019net €55k ▲13%
Net result €55k, the highest in the series.
31-12
Financial
Equity above €150kEq €185k ▲42.9%
4 profitable years in a row build equity to €185k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €129k ▲61.2%
3 profitable years in a row build equity to €129k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Manhay · 1 establishment unit since 2018
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.
Col de Lamorménil 166960 ManhayGround area
5,581 m²
Parcel 83011A0897/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Happiness Consult
since 20182.279.965.204
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83011A0897/00M000 | Wallonia | 5,580 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 siteManhay2.279.965.204
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,901. 5,559 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2018
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
01191Growing of flowers
01240Growing of pome and stone fruits
01250Crop and animal production, hunting and related service activities
01471Crop and animal production, hunting and related service activities
01500Mixed farming
16282Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
70200Business and other management consultancy
70220Business consulting
82300Organisation of conventions and trade shows
85592Vocational training
90031Arts creation and performing arts activities
90111Literary creation
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.