Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for HSN GROUP according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €98k and a net result of €16k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events12-05-2025
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2022) are too old to derive current signals.
Trust signals
2 signalsKBO register: special legal situation
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€16k-35.4%
Working capital€29k
Directors1
Annual accounts & ratios
Source: NBB · 2022Annual accounts filed on 27-06-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 49, Land transport · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.4% | 28.5% | |
| Net result | €16k | €4k | |
| Equity | €98k | €17k | |
| Gross operating margin | €191k | €26k | |
| Staff costs | €90k | €40k |
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).
P60
Stable position over 2020-2022
· n=458-1347
P71
Weakening position over 2020-2022
· n=455-1334
P90
Improving position over 2020-2022
· n=458-1356
P91
Stable position over 2020-2022
· n=453-1327
Describes the position versus peers, not a forecast.
€70k
-4.1%
18-22
€16k
-35.4%
18-22
€62k
-3.0%
18-22
€262k
+1.9%
18-22
€98k
+19.4%
18-22
€29k
-
18-22
3
+40.0%
18-22
€90k
+50.6%
18-22
€4k
+40.9%
18-22
€164k
-6.3%
18-22
€128k
-5.1%
18-22
€36k
-10.5%
18-22
1.23
+26.9%
18-22
1.23
+26.9%
18-22
37.4%
+17.2%
18-22
1.68
-21.6%
18-22
16.3%
-45.9%
18-22
6.1%
-36.6%
18-22
17.82
+50.8%
18-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Revenue | - |
| EBITDA | €70k |
| Net profit | €16k |
| Cash flow | €62k |
| Staff costs | €90k |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €262k |
| Equity | €98k |
| Debt | €164k |
| of which ≤ 1y | €128k |
| of which > 1y | €36k |
| Working capital | €29k |
| Employees (FTE) | 2.8 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 1.23 |
| Quick ratio | 1.23 |
| Working capital ratio | 11.2% |
| Solvency | 37.4% |
| Debt / equity | 1.68 |
| Long-term debt ratio | 0.37 |
| Interest coverage | 17.82 |
| Gross margin | - |
| Net margin | - |
| ROA | 6.1% |
| ROE | 16.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €262k |
| Fixed assets | 21/28 | €105k |
| Tangible fixed assets | 22/27 | €71k |
| Financial fixed assets | 28 | €34k |
| Current assets | 29/58 | €158k |
| Amounts receivable within one year | 40/41 | €158k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €262k |
| Equity | 10/15 | €98k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €428 |
| Accumulated profits (losses) | 14 | €79k |
| Amounts payable | 17/49 | €164k |
| Amounts payable after one year | 17 | €36k |
| Amounts payable within one year | 42/48 | €128k |
| Trade debts payable within one year | 44 | €47k |
| Income statement | ||
| Gross operating margin | 9900 | €191k |
| Operating result | 9901 | €24k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €20k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €16k |
| Result to be appropriated | 9905 | €16k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2022 · computed21
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Directors
Directors & mandates
No directors on record
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | GREGORY BRUNEEL ZELLIKSESTEENWEG 12,
1082 SINT-AGATHA-BERCHEM |
06-05-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Goederenvervoer over de weg(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 26-01-2018 |
| Status | Active |
| Postal code | 1930 |
| First BS signal | 12-05-2025 |
| Latest BS signal | 12-05-2025 |
Structure & network
Company structure: linked entities
1 linked entityMandates
Locations & real estate
Establishment units
1 locationHSN GROUP
since 20182.273.070.680
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.4 ha
Buildings2
Building footprint4,405 m²
Volume (LiDAR)149,287 m³
Tallest building49.8 m · ±14 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
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0111/00M002 | Flanders | 8,965 m² | 1 · 1,730 m² | 45.7 m · 14 fl. |
| 21908E0256/00N004 | Brussels | 4,946 m² | 1 · 2,675 m² | 49.8 m · 12 fl. |
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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette12-05-2025
Bankruptcy
Opening
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
3 acts Capital history · 1
23-02-2022
Capital change
Address history · 1
27-01-2025
Registered-office move
All acts · 3
updated 1 year ago
2025
28-03-2025 YILDIRIM Ali Haydar appointed as director
27-01-2025 Registered office moved from Machelen to Zaventem
- Pegasuslaan 5 bus 1 te 1831 Machelen → Leonardo Da Vincilaan 1 te 1930 Zaventem
2022
23-02-2022 Transaction in capital or shares
Analysis
Snowflake analysis
financial profile on 5 axes49
/ 100
Mixed profile: strong on profitability, weaker on stability.
Health
21
Profitability
81
Solvency
63
Growth
78
Stability
0
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verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Goederenvervoer over de weg, m.u.v. verhuisbedrijven49410Goederenvervoer over de weg49410Overige posterijen en koeriers53200Overige posterijen en koeriers53200
Primary activity highlighted.
Names & trade names
| Legal nameNL | HSN GROUP |
Registered office
Da Vincilaan 1
1930 Zaventem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.