Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Happy Hour from Kortrijk, company number BE0647887843, closed financial year 2025 with a result of € -1,839 after tax. For that financial year Happy Hour recorded a gross margin of € 115,121 and equity of € 264,101. Compared with financial year 2024, the result moved from € 63,381 to € -1,839. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 264,101
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,839
▼ still € 63,381 profit in 2024
Profit after tax over the fiscal year.
€ 137
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 245,501.
People and assets in 2025
€ 2,371
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 411,353
▼ 6% vs 2024
€ 29,686 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 19,697
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,541
▲ 72% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 89,940 | € 162,837 | € 179,029 | € 115,121 | ▼ 36% |
| Profit after taxes | € 14,282 | € 56,013 | € 63,381 | € -1,839 | ▼ € 65,220 |
| Equity | € 146,546 | € 202,559 | € 265,940 | € 264,101 | ▼ 1% |
| Total debts | € 453,850 | € 661,613 | € 659,722 | € 638,390 | ▼ 3% |
| Cash | € 2,499 | € 5,730 | € 7,801 | € 137 | ▼ 98% |
| Land & buildings | € 569,575 | € 773,967 | € 831,403 | € 782,443 | ▼ 6% |
| Retained profit | € 127,946 | € 183,959 | € 247,340 | € 245,501 | ▼ 1% |
| Bank debt | € 356,840 | € 439,588 | € 437,094 | € 411,353 | ▼ 6% |
| Balance sheet total | € 600,396 | € 864,171 | € 925,662 | € 902,491 | ▼ 3% |
Key figures of Happy Hour, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Happy Hour?
What happened at Happy Hour in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,839 (▼ € 65,220 vs 2024). filed late Source: NBB ↗
- Emilie Decoutere became a director. NBB
- Nicolas Moerman became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,282 profit in 2022 to € 1,839 loss in 2025.
Paid € 58,329 in corporate taxes since 2022.
Best year ever: 2024, with € 63,381 profit.
Management
Behind Happy Hour are Emilie Decoutere and Nicolas Moerman. Emilie Decoutere is also behind FOODLAB PROEF. Nicolas Moerman is also behind PAYROLLER, Nestor Holding and Nestor Europe.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Dirk Boutsstraat(Mar) 22
8510 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0647.887.843
- VAT number
- BE 0647.887.843
- Registered office
- Dirk Boutsstraat(Mar) 22, 8510 Kortrijk
- Names & denominations
- Happy Hour
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2016
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
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