Summary
Conclusion
the dossier summarised in one paragraphThe file of HUMA contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 14.4% (high). The 2025 annual accounts show equity of €459k and a net result of €-64k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 158 sector peers (fiscal year 2025).
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone14.4%
High
0%0,5%1,5%4%10%≥25%
Judicial reorganisation on record
+Higher-failure-rate sector
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
2 events18-06-2021
Judicial reorganisation
Plan homologation
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-03-2025 | 31-10-2025 | 31-10-2025 | on the day | 2025-00560310 |
| 31-03-2024 | 31-10-2024 | 31-10-2024 | on the day | 2024-00524939 |
| 28-02-2023 | 30-09-2023 | 10-10-2023 | 10 d late | 2023-00483303 |
| 28-02-2022 | 30-09-2022 | 27-10-2022 | 27 d late | 2022-20476874 |
| 28-02-2021 | 30-09-2021 | 19-08-2021 | 42 d early | 2021-50200277 |
| 29-02-2020 | 30-09-2020 | 29-09-2020 | 1 d early | 2020-57000025 |
| 28-02-2019 | 30-09-2019 | 25-09-2019 | 5 d early | 2019-65700291 |
| 28-02-2018 | 30-09-2018 | 27-09-2018 | 3 d early | 2018-65800360 |
| 28-02-2017 | 30-09-2017 | 31-10-2017 | 31 d late | 2017-68700260 |
| 31-12-2015 | 31-07-2016 | 30-08-2016 | 30 d late | 2016-52400415 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalEarlier reorganisation (closed)
Involved in a judicial reorganisation procedure in the past. No current open procedure.
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-64k
Working capital€-380k-4.4%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~37% of the level (threshold 35%). We therefore deliberately show no projection line.
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 & beverage service · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 33.6% | 32.3% | |
| Net result | €-64k | €18k | |
| Equity | €459k | €103k | |
| Gross operating margin | €953k | €312k | |
| Staff costs | €762k | €232k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P51
Improving position over 2020-2025
· n=158-552
P6
Stable position over 2020-2025
· n=158-551
P88
Improving position over 2020-2025
· n=158-552
P91
Stable position over 2020-2025
· n=157-549
Describes the position versus peers, not a forecast.
€185k
-56.9%
19-25
€-64k
-
19-25
€152k
-62.6%
19-25
€1.36M
+16.7%
19-25
€459k
-12.2%
19-25
€-380k
-4.4%
19-25
43
-42.8%
19-25
€762k
+1.6%
19-25
Show 10 other metrics
€0
-
19-25
€905k
+40.0%
19-25
€890k
+37.8%
19-25
0.57
+31.4%
19-25
0.56
+32.6%
19-25
33.6%
-24.7%
19-25
1.97
+59.4%
19-25
-13.9%
-
19-25
-4.7%
-
19-25
5.32
-82.4%
19-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €185k |
| Net profit | €-64k |
| Cash flow | €152k |
| Staff costs | €762k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €1.36M |
| Equity | €459k |
| Debt | €905k |
| of which ≤ 1y | €890k |
| of which > 1y | - |
| Working capital | €-380k |
| Employees (FTE) | 42.7 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.57 |
| Quick ratio | 0.56 |
| Working capital ratio | -27.9% |
| Solvency | 33.6% |
| Debt / equity | 1.97 |
| Long-term debt ratio | - |
| Interest coverage | 5.32 |
| Gross margin | - |
| Net margin | - |
| ROA | -4.7% |
| ROE | -13.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.36M |
| Fixed assets | 21/28 | €854k |
| Tangible fixed assets | 22/27 | €854k |
| Current assets | 29/58 | €510k |
| Stocks & contracts in progress | 3 | €8k |
| Amounts receivable within one year | 40/41 | €437k |
| Cash & bank | 54/58 | €9k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.36M |
| Equity | 10/15 | €459k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €440k |
| Amounts payable | 17/49 | €905k |
| Amounts payable within one year | 42/48 | €890k |
| Trade debts payable within one year | 44 | €722k |
| Income statement | ||
| Gross operating margin | 9900 | €953k |
| Operating result | 9901 | €-31k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €35k |
| Result before taxes | 9903 | €-64k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-64k |
| Result to be appropriated | 9905 | €-64k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed13
/ 100
Critical
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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directors4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current29-01-2024 → present
Former directors (1)
-
Alexis MaesDirectorState Gazette act 24344681 (29-01-2024)Former- → 29-01-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van eetgelegenheden met volledige bediening(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 27-12-2001 |
| Status | Active |
| Postal code | 8560 |
| First BS signal | 19-02-2021 |
| Latest BS signal | 18-06-2021 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationSalons Cortina
since 20132.232.079.272
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4,646 m²
Buildings1
Building footprint1,676 m²
Volume (LiDAR)10,473 m³
Tallest building12.3 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0545/00P015 | Flanders | 4,646 m² | 1 · 1,676 m² | 12.3 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
2 events from the State Gazette18-06-2021
Judicial reorganisation
Plan homologation
Full insolvency chronology
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 16-02-2021 to 15-06-2021.
Available in Kantoor S.
See plans →
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
2 acts Address history · 1
14-11-2022
Registered-office move
All acts · 2
updated 2 years ago
2024
29-01-2024 1 director appointed, 1 resigning
- FLEGO, Bestuurder
- Alexis Maes, Bestuurder
Notary:
Arne De Geeter · KortrijkFirm:
West Notarissen
2022
14-11-2022 Registered office moved from Ledegem to Wevelgem
- 8880 Ledegem (Sint-Eloois-Winkel), Izegemsestraat 59 → 8560 Wevelgem, Lauwestraat 59
Analysis
Financial profile
5 of 5 axes measured34
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
13
Profitability
0
Solvency
43
Growth
52
Stability
60
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 2,990 of the 20,288 companies in this sector. 1,267 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Restaurants van het traditionele type55301Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Catering van evenementen56210Cateringdiensten op contractbasis en overige diensten in verband met maaltijden56220Overige eetgelegenheden56290
Primary activity highlighted.
Names & trade names
| Legal nameNL | HUMA |
Registered office
Lauwestraat 59
8560 Wevelgem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.