Hula
ActiveSummary
The computed 12-month bankruptcy probability of Hula is 1.6% (moderate). The 2026 annual accounts show equity of €159k and a net result of €-12k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 3674 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability55▼-3
Solvency49▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.77 in 2025; short-term debt: 49.6% and cash: 6.1% of total assets), and 75.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
lowers risk · Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
NBB · annual accounts 2025Net result per financial year
1920212223242526
2019 to 2026 · latest year €-12k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
43 d early
2024
55 d early
2023
on the day
2022
52 d early
2021
17 d early
2020
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€159k▼ 7.0%
2025 · €172k
2019: €128k
2020: €64k
2021: €80k
2022: €107k
2023: €147k
2024: €165k
2025: €172k
2019 → 2026
Total assets
€656k▲ 15.9%
2025 · €566k
2019: €530k
2020: €361k
2021: €360k
2022: €473k
2023: €548k
2024: €560k
2025: €566k
2019 → 2026
Net result
€-12k
2025 · €6k
2019: €64k
2020: €-64k
2021: €16k
2022: €27k
2023: €69k
2024: €38k
2025: €6k
2019 → 2026
Working capital
€158k▼ 14.0%
2025 · €184k
2019: €147k
2020: €95k
2021: €135k
2022: €179k
2023: €173k
2024: €209k
2025: €184k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€107k-€147k▲ 36.8%€165k▲ 12.5%€172k▲ 3.9%€159k▼ 7.0%
Operating result€30k-€73k▲ 146%€45k▼ 38.3%€11k▼ 74.8%€-13k
Net result€27k-€69k▲ 155%€38k▼ 44.8%€6k▼ 83.2%€-12k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €13k after €11k in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €656k
Fixed assets
€173k ▲ 20.8%
Current assets
€483k ▲ 14.2%
Equity and liabilities €656k
Equity
€159k ▼ 7.0%
Debt
€496k ▲ 25.8%
Debt's share of the balance-sheet total rises from 69.7% to 75.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▼
2025 · €44k
Cash flow
€25k▼
2025 · €39k
Current ratio
1.49▼
2025 · 1.77
Quick ratio
1.37▼
2025 · 1.63
Debt to equity
3.11▲
2025 · 2.30
ROE
-7.6%▼
2025 · 3.8%
ROA
-1.8%▼
2025 · 1.1%
Interest coverage
4.61▲
2025 · 4.53
Debt ≤ 1 year
€325k▲
2025 · €239k
Debt > 1 year
€171k▲
2025 · €150k
Income taxes
€290▼
2025 · €339
Staff costs
€490k▲
2025 · €415k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 54 lines
Balance sheet
Code20252026
Assets
Total assets20/58€566k€656k▲
Fixed assets21/28€143k€173k▲
Tangible fixed assets22/27€143k€173k▲
Plant, machinery and equipment23€76k€59k▼
Furniture and vehicles24€10k€61k▲
Other tangible fixed assets26€57k€52k▼
Current assets29/58€423k€483k▲
Stocks and contracts in progress3€34k€37k▲
Stocks30/36€34k€37k▲
Amounts receivable within one year40/41€177k€391k▲
Trade receivables40€18k€137k▲
Other amounts receivable41€159k€254k▲
Cash at bank and in hand54/58€200k€40k▼
Deferred charges and accrued income490/1€13k€16k▲
Equity and liabilities
Total equity and liabilities10/49€566k€656k▲
Equity10/15€172k€159k▼
Contributions10/11€80k€80k=
Reserves13€92k€79k▼
Distributable reserves133€92k€79k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€395k€496k▲
Amounts payable after more than one year17€150k€171k▲
Financial debts170/4€150k€171k▲
Amounts payable within one year42/48€239k€325k▲
Current portion of amounts payable after more than one year42-€7k
Trade debts44€60k€138k▲
Suppliers440/4€60k€138k▲
Taxes, remuneration and social security45€81k€84k▲
Taxes450/3€15k€13k▼
Remuneration and social security454/9€67k€72k▲
Other amounts payable47/48€98k€95k▼
Accrued charges and deferred income492/3€5k€119▼
Income statement
Code20252026
Non-recurring operating income76A-€7k
Remuneration, social security and pensions62€415k€490k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€37k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€462k€518k▲
Operating profit (loss)9901€11k€-13k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€10k€5k▼
Recurring financial charges65€10k€5k▼
Profit (loss) for the period before taxes9903€7k€-12k▼
Income taxes67/77€339€290▼
Profit (loss) for the period9904€6k€-12k▼
Profit (loss) for the period to be appropriated9905€6k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-12k▼
Transfer from equity791/2-€12k
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90877.98.3▲
The notes to these accounts (19 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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
06-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €150kEq €165k ▲12.5%
4 profitable years in a row build equity to €165k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Highest result since 2019net €69k ▲155%
Net result €69k, the highest in the series.
2022
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Equity above €100kEq €107k ▲34.1%
2 profitable years in a row build equity to €107k.
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-64k ▼200%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
Show earlier events
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 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, Kortrijk · 1 establishment unit since 2014
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.
Wittestraat(Heu) 28501 KortrijkGround area
6,881 m²
Building footprint
444 m²
Volume, LiDAR
1,389 m³
Parcel 34016B0697/00F000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HULA
since 20142.237.276.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016B0697/00F000 | Flanders | 6,881 m² | 1 · 444 m² | 8.5 m · 1 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 36,736 EUR awarded · 36,736 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 15,585 EUR | 15,585 EUR |
| 2024 | 2 | 7,709 EUR | 7,709 EUR |
| 2023 | 1 | 7,005 EUR | 7,005 EUR |
| 2022 | 1 | 6,437 EUR | 6,437 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.237.276.294
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,848 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2014
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.