HAPPY
ActiveThe annual accounts of HAPPY for fiscal year 2024 show a net loss of 67% of the equity at the start of that year. The 2024 annual accounts show equity of €14k and a net result of €-28k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 26052 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-3
Solvency33▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.84 against 0.96 in 2023; short-term debt: 91.9% and cash: 4.9% of total assets), and 91.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
8.1%
Return on assets
-16.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-28k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d late
2023
29 d late
2022
270 d late
2021
29 d late
2020
27 d late
2019
116 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€14k▼ 66.9%
2023 · €42k
2018: €59k
2019: €53k
2020: €62k
2021: €69k
2022: €66k
2023: €42k
2018 → 2024
Total assets
€173k▼ 8.9%
2023 · €190k
2018: €157k
2019: €164k
2020: €156k
2021: €169k
2022: €197k
2023: €190k
2018 → 2024
Net result
€-28k▼ 18.8%
2023 · €-24k
2018: €-3k
2019: €-5k
2020: €9k
2021: €7k
2022: €-3k
2023: €-24k
2018 → 2024
Working capital
€-25k▼ 292%
2023 · €-6k
2018: €15k
2019: €4k
2020: €17k
2021: €27k
2022: €9k
2023: €-6k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€62k-€69k▲ 12.1%€66k▼ 4.3%€42k▼ 36.0%€14k▼ 66.9%
Operating result€9k-€8k▼ 15.7%€-3k€-23k▼ 825%€-46k▼ 97.9%
Net result€9k-€7k▼ 15.4%€-3k€-24k▼ 703%€-28k▼ 18.8%
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 €46k in 2024 against €23k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173k
Fixed assets
€39k▼ 19.9%
Current assets
€134k▼ 5.1%
Equity and liabilities €173k
Equity
€14k▼ 66.9%
Debt
€159k▲ 7.8%
The debt ratio rises from 77.6% to 91.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-36k▼
2023 · €-13k
Cash flow
€-18k▼
2023 · €-13k
Solvency
8.1%▼
2023 · 22.4%
Current ratio
0.84▼
2023 · 0.96
Quick ratio
0.06▼
2023 · 0.07
Debt / equity
11.27▲
2023 · 3.46
ROE
-201.9%▼
2023 · -56.3%
ROA
-16.5%▼
2023 · -12.6%
Interest coverage
-951.81▼
2023 · -26.14
Debt
€159k▲
2023 · €147k
Debt ≤ 1 year
€159k▲
2023 · €147k
Staff costs
€41k▲
2023 · €38k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€190k€173k▼
Fixed assets21/28€49k€39k▼
Tangible fixed assets22/27€47k€37k▼
Land and buildings22€36k€33k▼
Furniture and vehicles24€11k€4k▼
Financial fixed assets28€2k€2k=
Current assets29/58€141k€134k▼
Stocks and contracts in progress3€131k€124k▼
Stocks30/36€131k€124k▼
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€3k€2k▼
Other amounts receivable41€296€32▼
Cash at bank and in hand54/58€3k€8k▲
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€190k€173k▼
Equity10/15€42k€14k▼
Contributions10/11€19k€19k=
Reserves13€22k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€20k-
Profit (loss) carried forward14€2k€-7k▼
Amounts payable17/49€147k€159k▲
Amounts payable within one year42/48€147k€159k▲
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€31k€6k▼
Taxes450/3€4k€6k▲
Remuneration and social security454/9€28k-
Other amounts payable47/48€109k€145k▲
Income statement
Code20232024
Non-recurring operating income76A€18k-
Remuneration, social security and pensions62€38k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€28k€8k▼
Operating profit (loss)9901€-23k€-46k▼
Financial income75/76B-€18k
Recurring financial income75-€15
Non-recurring financial income76B-€18k
Financial charges65/66B€484€37▼
Recurring financial charges65€484€37▼
Profit (loss) for the period before taxes9903€-24k€-28k▼
Profit (loss) for the period9904€-24k€-28k▼
Profit (loss) for the period to be appropriated9905€-24k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-27k▼
Profit (loss) brought forward from the previous period14P€746€2k▲
Transfer from equity791/2€25k€20k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 270 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 116 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Heusden-Zolder · 2 establishment units since 2002
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.
Koolmijnlaan 553550 Heusden-ZolderGround area
908 m²
Building footprint
651 m²
Volume, LiDAR
3,516 m³
2 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
HAPPY BVBA
since 20022.101.649.609
Sposa
since 20072.161.043.501
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71025A1060/00A003 | Flanders | 467 m² | 1 · 163 m² | 11.0 m · 3 fl. |
| 71502B0050/00T002 | Flanders | 442 m² | 1 · 488 m² | 10.8 m · 1 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.
Similar companies · same sector, comparable size
LUDO 85
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De kOpvoeter
BE 0797.882.507
Mechelen · Eq €14k
LC THE ONE
BE 0738.903.042
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KTRZ
BE 0784.970.718
Brussel · Eq €14k
THE MCRT CIE
BE 0534.545.719
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 296 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2001
Fiscal year end31-12
Activities, NACEBEL
47721Retail sale of footwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.