HOWBAY
ActiveHOWBAY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2022 annual accounts show equity of €31k and a net result of €-5k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 11% of 30378 sector peers (fiscal year 2022). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2022
2
/ 100
Critical▼ -16 vs 2021
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2021
Profitability0▼-4
Solvency3▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.11 in 2021), and 94.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2022Solvency, return and age of the figures
Solvency
5.1%
Return on assets
-0.8%
Age of the figures
44 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline14-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-01-2024, 184 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
184 d late
2021
78 d late
2020
61 d late
2019
108 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€31k▼ 14.2%
2021 · €36k
2019: €23k
2020: €36k
2021: €36k
2019 → 2022
Total assets
€600k▲ 0.9%
2021 · €595k
2019: €589k
2020: €580k
2021: €595k
2019 → 2022
Net result
€-5k
2021 · €262
2019: €3k
2020: €13k
2021: €262
2019 → 2022
Working capital
€-173k▼ 37.6%
2021 · €-125k
2019: €-306k
2020: €-87k
2021: €-125k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€23k-€36k▲ 55.6%€36k▲ 0.7%€31k▼ 14.2%
Operating result€14k-€27k▲ 97.2%€6k▼ 76.7%€659▼ 89.7%
Net result€3k-€13k▲ 345%€262▼ 97.9%€-5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2022 is 90% below 2021 and is the lowest year so far.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €600k
Fixed assets
€579k▼ 0.1%
Current assets
€21k▲ 37.3%
Equity and liabilities €600k
Equity
€31k▼ 14.2%
Debt
€569k▲ 1.9%
The debt ratio rises from 94.0% to 94.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€1k▼
2021 · €7k
Cash flow
€-5k▼
2021 · €744
Solvency
5.1%▼
2021 · 6.0%
Current ratio
0.11▼
2021 · 0.11
Quick ratio
0.11▼
2021 · 0.11
Debt / equity
18.53▲
2021 · 15.61
ROE
-16.6%▼
2021 · 0.7%
ROA
-0.8%▼
2021 · 0.0%
Interest coverage
0.22▼
2021 · 1.14
Debt
€569k▲
2021 · €559k
Debt ≤ 1 year
€194k▲
2021 · €141k
Debt > 1 year
€376k▼
2021 · €418k
Income taxes
€460▲
2021 · €92
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€595k€600k▲
Fixed assets21/28€579k€579k▼
Tangible fixed assets22/27€482€0▼
Furniture and vehicles24€482€0▼
Financial fixed assets28€579k€579k=
Current assets29/58€16k€21k▲
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40-€12k
Other amounts receivable41€14k-
Cash at bank and in hand54/58€1k€9k▲
Deferred charges and accrued income490/1€144€145▲
Equity and liabilities
Total equity and liabilities10/49€595k€600k▲
Equity10/15€36k€31k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€14k€9k▼
Amounts payable17/49€559k€569k▲
Amounts payable after more than one year17€418k€376k▼
Financial debts170/4€188k€146k▼
Other amounts payable178/9€230k€230k=
Amounts payable within one year42/48€141k€194k▲
Current portion of amounts payable after more than one year42€38k€43k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€5k€555▼
Taxes450/3€5k€555▼
Other amounts payable47/48€96k€147k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€482€482=
Other operating charges640/8€1k€216▼
Gross operating margin9900€8k€1k▼
Operating profit (loss)9901€6k€659▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€354€-5k▼
Income taxes67/77€92€460▲
Profit (loss) for the period9904€262€-5k▼
Profit (loss) for the period to be appropriated9905€262€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€9k▼
Profit (loss) brought forward from the previous period14P€14k€14k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 184 days late
2022
31-12
Financial
Weakest financial yearnet €-5k ▼2047%
Net result drops to €-5k, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Highest result since 2019net €13k ▲345%
Operating result €27k, net result €13k, both a record.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 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, Elsene · 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.
Maria Malibranstraat 40A1050 ElseneGround area
228 m²
Building footprint
170 m²
Volume, LiDAR
2,193 m³
2 parcels, Brussels, Flanders · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Howbay
since 20182.273.950.610
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73083C0880/00_000 | Flanders | 120 m² | 1 · 75 m² | 18.5 m · 5 fl. |
| 21442A0121/00S008 | Brussels | 108 m² | 1 · 95 m² | 17.2 m · 5 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.
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Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 34,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-03-2018
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.