HSH
ActiveSummary
HSH has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €830k and a net result of €165k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 65% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-19
Solvency75▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.5 in 2024; short-term debt: 4.5% and cash: 3.3% of total assets), and 50% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50%
Return on assets
10%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €830k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
5 d early
2022
20 d early
2021
24 d late
2020
61 d late
2019
87 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€165k▼ 76.2%
2024 · €694k
2018: €16k
2019: €-61k
2020: €47k
2021: €-97k
2022: €72k
2023: €-91k
2024: €694k
2018 → 2025
Working capital
€35k▼ 72.9%
2024 · €128k
2018: €386k
2019: €223k
2020: €118k
2021: €22k
2022: €173k
2023: €212k
2024: €128k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€262k-€285k▲ 9.0%€195k▼ 31.7%€712k▲ 266%€830k▲ 16.6%
Operating result€-70k-€152k€-88k€969k€168k▼ 82.7%
Net result€-97k-€72k€-91k€694k€165k▼ 76.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€1.55M ▲ 1.9%
Current assets
€109k ▼ 71.8%
Equity and liabilities €1.66M
Equity
€830k ▲ 16.6%
Provisions
€294k ▼ 2.1%
Debt
€537k ▼ 40.1%
Debt's share of the balance-sheet total falls from 47.0% to 32.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€244k▼
2024 · €1.05M
Cash flow
€242k▼
2024 · €773k
Current ratio
1.47▼
2024 · 1.50
Debt to equity
0.65▼
2024 · 1.26
ROE
19.9%▼
2024 · 97.5%
ROA
10.0%▼
2024 · 36.3%
Interest coverage
25.10▼
2024 · 39.73
Debt ≤ 1 year
€74k▼
2024 · €258k
Debt > 1 year
€452k▼
2024 · €637k
Income taxes
€133▲
2024 · €84
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 · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.91M€1.66M▼
Fixed assets21/28€1.52M€1.55M▲
Tangible fixed assets22/27€1.52M€1.55M▲
Land and buildings22€1.36M€1.51M▲
Plant, machinery and equipment23€120k€891▼
Furniture and vehicles24€48k€43k▼
Current assets29/58€386k€109k▼
Stocks and contracts in progress3€119k-
Stocks30/36€119k-
Amounts receivable within one year40/41€194k€49k▼
Trade receivables40€193k€9k▼
Other amounts receivable41€802€40k▲
Cash at bank and in hand54/58€60k€55k▼
Deferred charges and accrued income490/1€12k€5k▼
Equity and liabilities
Total equity and liabilities10/49€1.91M€1.66M▼
Equity10/15€712k€830k▲
Contributions10/11€100k€100k=
Revaluation surpluses12€145k€91k▼
Reserves13€1.40M€1.38M▼
Tax-exempt reserves132€901k€882k▼
Distributable reserves133€495k€502k▲
Profit (loss) carried forward14€-929k€-745k▲
Provisions and deferred taxes16€300k€294k▼
Deferred taxes168€300k€294k▼
Amounts payable17/49€898k€537k▼
Amounts payable after more than one year17€637k€452k▼
Financial debts170/4€507k€449k▼
Other amounts payable178/9€130k€3k▼
Amounts payable within one year42/48€258k€74k▼
Current portion of amounts payable after more than one year42€61k€58k▼
Trade debts44€195k€14k▼
Suppliers440/4€195k€14k▼
Taxes, remuneration and social security45€919€2k▲
Taxes450/3€919€2k▲
Accrued charges and deferred income492/3€3k€11k▲
Income statement
Code20242025
Non-recurring operating income76A€997k€184k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€76k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k-
Other operating charges640/8€24k€17k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€1.07M€263k▼
Operating profit (loss)9901€969k€168k▼
Financial income75/76B€880€1k▲
Recurring financial income75€880€1k▲
Financial charges65/66B€26k€10k▼
Recurring financial charges65€26k€10k▼
Profit (loss) for the period before taxes9903€943k€159k▼
Transfer from deferred taxes780-€52k
Transfer to deferred taxes680€249k€46k▼
Income taxes67/77€84€133▲
Profit (loss) for the period9904€694k€165k▼
Transfer from tax-exempt reserves789-€157k
Transfer to tax-exempt reserves689€748k€138k▼
Profit (loss) for the period to be appropriated9905€-54k€184k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-929k€-745k▲
Profit (loss) brought forward from the previous period14P€-875k€-929k▼
The notes to these accounts (10 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 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €694k
Net result €694k after one loss-making year.
31-12
Financial
Equity above €500kEq €712k ▲266%
Equity rises from €195k to €712k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €72k
Net result €72k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
31-12
Financial
Weakest financial yearnet €-97k ▼306%
Net result drops to €-97k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 87 days late
Show earlier events
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Brussel · 1 establishment unit since 2010
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.
Marcqstraat 211000 BrusselGround area
439 m²
Building footprint
382 m²
Volume, LiDAR
3,649 m³
2 parcels, Brussels · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HSH
since 20102.250.041.296
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1197/00B000 | Brussels | 314 m² | 1 · 257 m² | 16.4 m · 4 fl. |
| 21614H0008/00D033 ProtectedMonumentHuis Steenhout |
Brussels | 125 m² | 1 · 125 m² | 8.1 m · 2 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.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
THE DOME
BE 0711.961.291
Brugge · Eq €829,776
HOLINTER
BE 0451.980.408
Sint-Joost-ten-Node · Eq €829,398
HIT-IT
BE 0779.575.637
Izegem · Eq €829,119
ASSISTANCE A L'INDUSTRIE
BE 0479.273.931
Mons · Eq €830,936
DIVITRI
BE 0846.444.071
Tongeren-Borgloon · Eq €828,437
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,928 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
Founded14-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.