HdG
ActiveHdG has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €-22k. Equity is growing by ~62.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-17
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 37.48; short-term debt: 2.7% and cash: 99.6% of total assets), and 2.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · 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
97.3%
Return on assets
-33%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-22k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
151 d early
2023
54 d early
2022
59 d early
2021
57 d early
2020
67 d early
2019
27 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
€66k▼ 25.3%
2024 · €88k
2018: €-29k
2019: €-32k
2020: €-9k
2021: €25k
2022: €31k
2023: €110k
2024: €88k
2018 → 2025
Total assets
€67k▼ 23.7%
2024 · €88k
2018: €59k
2019: €49k
2020: €38k
2021: €59k
2022: €62k
2023: €134k
2024: €88k
2018 → 2025
Net result
€-22k▼ 202%
2024 · €-7k
2018: €11k
2019: €-3k
2020: €23k
2021: €44k
2022: €6k
2023: €94k
2024: €-7k
2018 → 2025
Working capital
€66k▼ 25.3%
2024 · €88k
2018: €-42k
2019: €-37k
2020: €-11k
2021: €22k
2022: €26k
2023: €110k
2024: €88k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€31k▲ 24.3%€110k▲ 251%€88k▼ 20.3%€66k▼ 25.3%
Operating result€49k-€11k▼ 77.5%€-17k€-7k▲ 56.0%€-22k▼ 199%
Net result€44k-€6k▼ 86.1%€94k▲ 1,430%€-7k€-22k▼ 202%
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 €22k in 2025 against €7k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €67k
Equity
€66k▼ 25.3%
Debt
€2k▲ 235%
The debt ratio rises from 0.6% to 2.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
97.3%▼
2024 · 99.4%
Current ratio
37.48
Quick ratio
37.48
Debt / equity
0.03▲
2024 · 0.01
ROE
-33.9%▼
2024 · -8.4%
ROA
-33.0%▼
2024 · -8.3%
Debt
€2k▲
2024 · €537
Debt ≤ 1 year
€2k▲
2024 · €537
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€88k€67k▼
Formation expenses20€0€0=
Current assets29/58€88k€67k▼
Amounts receivable after more than one year29€4k€0▼
Other amounts receivable291€4k€0▼
Amounts receivable within one year40/41€4k€294▼
Trade receivables40€99€164▲
Other amounts receivable41€4k€130▼
Cash at bank and in hand54/58€80k€67k▼
Deferred charges and accrued income490/1€0€0=
Equity and liabilities
Total equity and liabilities10/49€88k€67k▼
Equity10/15€88k€66k▼
Contributions10/11€12k€12k=
Reserves13€75k€53k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€74k€51k▼
Amounts payable17/49€537€2k▲
Amounts payable within one year42/48€537€2k▲
Trade debts44€6€56▲
Suppliers440/4€6€56▲
Taxes, remuneration and social security45€291€1k▲
Taxes450/3€291€291=
Remuneration and social security454/9€0€1k▲
Other amounts payable47/48€240€255▲
Income statement
Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€-7k€-22k▼
Operating profit (loss)9901€-7k€-22k▼
Financial income75/76B€80-
Recurring financial income75€80-
Financial charges65/66B€40€42▲
Recurring financial charges65€40€42▲
Profit (loss) for the period before taxes9903€-7k€-22k▼
Profit (loss) for the period9904€-7k€-22k▼
Profit (loss) for the period to be appropriated9905€-7k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-22k▼
Transfer from equity791/2€22k€22k▼
Profit to be distributed694/7€15k-
Directors or managers695€15k-
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
02-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 29current ratio 164.56
Current ratio from 5.61 to 164.56; short-term debt falls from €24k to €537.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €94k ▲1430%
Net result €94k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 5.61
Current ratio from 1.87 to 5.61; short-term debt falls from €30k to €24k.
31-12
Financial
Equity above €100kEq €110k ▲251%
4 profitable years in a row build equity to €110k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.69
Current ratio from 0.73 to 1.69; short-term debt falls from €40k to €32k.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Herve · 1 establishment unit since 1995
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.
Chaussée de Liège 964652 HerveGround area
4,578 m²
Building footprint
370 m²
Volume, LiDAR
976 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HISTOIRE DE GOUTS
since 19952.072.057.481
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63085A0221/00K000 | Wallonia | 4,215 m² | 1 · 127 m² | 10.0 m · 3 fl. |
| 62099A0050/00D003 | Wallonia | 363 m² | 1 · 242 m² | - |
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
CILA
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OnlyFood
BE 1019.156.432
Ukkel · Eq €66k
WAFFLE TIME
BE 0764.911.514
Maasmechelen · Eq €66k
LUXIN
BE 0564.867.226
Kortrijk · Eq €66k
Chez Marino
BE 0824.168.715
Dour · Eq €66k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 8,214 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-03-1995
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.