Checked.be
Active
BE 0845.658.767Private limited company
HIAS FRERES
Pater Damiaanstraat 2 ·7700 Mouscron, Belgium· 14 yrs active
Sector: Full-service restaurants
(56111)
Conclusion
HIAS FRERES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €13k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 1106 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €110k |
| Net result | €13k |
| Staff (FTE) | 1 |
| Better than sector | 89% |
Financial profile
81
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
59
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€10k
estimate, not credit advice
Score history
68
2022
100
2023
93
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.30 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.20 (≥ 1.0)
+5
Leverage
Debt/equity 0.40 (< 1.0)
+10
Profitability
ROE 12% (≥ 10%)
+10
Interest coverage
Interest coverage 138.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~35.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 71.2% | 25.6% | |
| Net result | €13k | €7k | |
| Equity | €110k | €22k | |
| Gross operating margin | €37k | €63k | |
| Staff costs | €12k | €51k |
€22k
-55.9%
22-25
€13k
-58.1%
22-25
€17k
-52.1%
22-25
€155k
+14.4%
22-25
€110k
+4.8%
22-25
€103k
+8.4%
22-25
1
-
22-25
€12k
-
22-25
€6k
-63.7%
22-25
€8k
-
22-25
€45k
+48.0%
22-25
€45k
+48.0%
22-25
3.30
-20.3%
22-25
3.20
-19.5%
22-25
71.2%
-8.4%
22-25
0.40
+41.3%
22-25
11.8%
-60.0%
22-25
8.4%
-63.4%
22-25
137.95
+1.5%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €22k | €51k | €79k | €48k |
| Net profit | €13k | €31k | €60k | €36k |
| Cash flow | €17k | €35k | €62k | €38k |
| Staff costs | €12k | - | - | - |
| Income taxes | €6k | €16k | €17k | €9k |
| Dividends | €8k | - | - | - |
| Total assets | €155k | €136k | €125k | €136k |
| Equity | €110k | €105k | €74k | €14k |
| Debt | €45k | €30k | €51k | €122k |
| of which ≤ 1y | €45k | €30k | €51k | €122k |
| of which > 1y | - | - | - | - |
| Working capital | €103k | €95k | €66k | €7k |
| Employees (FTE) | 1.0 | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 3.30 | 4.14 | 2.30 | 1.06 |
| Quick ratio | 3.20 | 3.98 | 2.22 | 1.03 |
| Working capital ratio | 66.3% | 70.0% | 52.7% | 5.3% |
| Solvency | 71.2% | 77.7% | 59.5% | 10.6% |
| Debt / equity | 0.40 | 0.29 | 0.68 | 8.44 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 137.95 | 135.97 | 1067.56 | 191.59 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 8.4% | 23.0% | 48.0% | 26.8% |
| ROE | 11.8% | 29.5% | 80.6% | 252.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €155k | €136k | €125k | €136k |
| Fixed assets | 21/28 | €8k | €11k | €9k | €7k |
| Tangible fixed assets | 22/27 | €8k | €11k | €9k | €7k |
| Current assets | 29/58 | €147k | €125k | €116k | €129k |
| Stocks & contracts in progress | 3 | €4k | €5k | €4k | €4k |
| Amounts receivable within one year | 40/41 | €133k | €16k | €19k | €68k |
| Cash & bank | 54/58 | €10k | €104k | €93k | €57k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €155k | €136k | €125k | €136k |
| Equity | 10/15 | €110k | €105k | €74k | €14k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €52k | €47k | €16k | €8k |
| Accumulated profits (losses) | 14 | €52k | €52k | €52k | €226 |
| Amounts payable | 17/49 | €45k | €30k | €51k | €122k |
| Amounts payable within one year | 42/48 | €45k | €30k | €51k | €122k |
| Trade debts payable within one year | 44 | €22k | €16k | €35k | €104k |
| Income statement | |||||
| Gross operating margin | 9900 | €37k | €64k | €81k | €50k |
| Operating result | 9901 | €19k | €47k | €77k | €46k |
| Financial income | 75 | €83 | €0 | - | €22 |
| Financial charges | 65 | €162 | €372 | €74 | €250 |
| Result before taxes | 9903 | €19k | €47k | €77k | €46k |
| Income taxes | 67/77 | €6k | €16k | €17k | €9k |
| Net result for the period | 9904 | €13k | €31k | €60k | €36k |
| Result to be appropriated | 9905 | €13k | €31k | €60k | €36k |
Legal Structure
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 03-05-2012 |
| Status | Active |
| Postal code | 7700 |
Establishment units
LA CAFETARIA LES DAUPHINS
since 20122.209.468.770
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0685/00D000 | Wallonia | 5.5 ha | 1 · 8,181 m² | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €13k ▼58.1%
Net result drops to €13k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Equity above €100kEq €105k ▲41.9%
3 profitable years in a row build equity to €105k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €60k ▲64.3%
Operating result €77k, net result €60k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.30
Current ratio from 1.06 to 2.30; short-term debt falls from €122k to €51k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 121 days late
2017
09-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Full-service restaurants56111Cafés and bars56301Full-service restaurants56101Limited-service restaurants56102Limited-service restaurants, excluding mobile food services56112
Names & trade names
| Legal nameFR | HIAS FRERES |
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