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Complete company report
Generated 01-08-2026
Active BE 0437.611.639Public limited company

H.C.S.

Demerstraat 1 ·3200 Aarschot, Belgium· 37 yrs active
Sector: Real estate activities (68121)
Conclusion Checked

The computed 12-month bankruptcy probability of H.C.S. is 0.2% (very low). The 2023 annual accounts show equity of €722k and a net result of €-458k. Equity is shrinking by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 1428 sector peers (fiscal year 2023). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €722k
Net result €-458k
Better than sector 41%
Active 37 yrs
Snowflake analysis 5 axes · computed by Checked
Health7Profitability0Solvency10Growth32Stability100
30 / 100

Fragile profile, watch profitability in particular.

Health 7
Profitability 0
Solvency 10
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1989, 37 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
7 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 09-10-2024 with the NBB · fiscal year 2023 · verkort
€-600k€-400k€-200k€0€200kOperating result 2019: €-82k€-82kNet result 2019: €-178k€-178kOperating result 2020: €-256k€-256kNet result 2020: €-460k€-460kOperating result 2021: €227k€227kNet result 2021: €67k€67kOperating result 2022: €24k€24kNet result 2022: €-132k€-132kOperating result 2023: €-185k€-185kNet result 2023: €-458k€-458k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~12.3%/year over 6 fiscal years, indicative, assuming unchanged policy.
€500k€1.00M€1.50M€2.00M2024: €873k (€815k - €932k)2025: €766k (€672k - €860k)2026: €671k (€542k - €801k)2018: €1.90M2019: €1.71M2020: €1.24M2021: €1.31M2022: €1.18M2023: €722k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 2023 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 7.0% 13.5%
better than 41% of 1428 sector peers
Net result €-458k €421
better than 5% of 1424 sector peers
Equity €722k €93k
better than 76% of 1428 sector peers
Gross operating margin €240k €43k
better than 78% of 1424 sector peers
Total assets €10.25M €1.35M
better than 90% of 1428 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€82k
-66.5% 18-23
Net profit
€-458k
-247.9% 18-23
Cash flow
€-191k
- 18-23
Total assets
€10.25M
-3.5% 18-23
Equity
€722k
-38.8% 18-23
Working capital
€-1.35M
- 18-23
Staff costs
€3k
- 18-23
Income taxes
€47k
+126430.9% 18-23
Debt
€9.45M
+1.0% 18-23
Debt ≤ 1y
€4.88M
+25.4% 18-23
Debt > 1y
€4.57M
-16.3% 18-23
Current ratio
0.72
-48.5% 18-23
Quick ratio
0.62
-11.7% 18-23
Solvency
7.0%
-36.6% 18-23
Debt / equity
13.10
+65.1% 18-23
ROE
-63.4%
-468.6% 18-23
ROA
-4.5%
-260.4% 18-23
Interest coverage
0.33
-75.8% 18-23
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€82k
Net profit€-458k
Cash flow€-191k
Staff costs-
Income taxes€47k
Dividends-
Total assets€10.25M
Equity€722k
Debt€9.45M
of which ≤ 1y€4.88M
of which > 1y€4.57M
Working capital€-1.35M
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.72
Quick ratio0.62
Working capital ratio-13.1%
Solvency7.0%
Debt / equity13.10
Long-term debt ratio6.34
Interest coverage0.33
Gross margin-
Net margin-
ROA-4.5%
ROE-63.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€10.25M
Fixed assets 21/28€6.72M
Intangible fixed assets 21€396k
Tangible fixed assets 22/27€6.32M
Financial fixed assets 28€214
Current assets 29/58€3.53M
Stocks & contracts in progress 3€485k
Amounts receivable within one year 40/41€1.20M
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€10.25M
Equity 10/15€722k
Contributions / capital 10/11€188k
Reserves 13€463k
Accumulated profits (losses) 14€-442k
Provisions & deferred taxes 16€76k
Amounts payable 17/49€9.45M
Amounts payable after one year 17€4.57M
Amounts payable within one year 42/48€4.88M
Trade debts payable within one year 44€427k
Income statement
Gross operating margin 9900€240k
Operating result 9901€-185k
Financial income 75€18k
Financial charges 65€249k
Result before taxes 9903€-416k
Income taxes 67/77€47k
Net result for the period 9904€-458k
Result to be appropriated 9905€-442k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68121)
Legal form Public limited company(014)
Incorporation01-06-1989
StatusActive
Postal code3200
Establishment units 1 location
De Pits
Sterrenwacht 143, 3550 Heusden-ZolderHandelsbemiddeling in goederen, algemeen assortiment
since 19892.044.104.556
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels 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 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71462D0673/00D003 Flanders 978 m² 1 · 1,018 m² 19.4 m · 3 fl.
24662H0103/00D000
ProtectedMonument · Townscape or village viewWatermolen 's HertogenmolensSource ↗
 Flanders 559 m² 1 · 254 m² 17.0 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
09-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
19-07-2024
State Gazette act Director changes
13-06-2024
NBB filing Annual accounts filed
fiscal year 2022 · verkort
20-03-2024
State Gazette act Director changes
2023
13-07-2023
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2022
30-03-2022
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
03-12-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
10-10-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
30-11-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
12-12-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
31-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
14-10-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 2 years ago
2024
19-07-2024 Mandate of Philip Peters as director expired Director changes
  • Philip Peters, Bestuurder
Technical details 
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    {
      "kind": "director_out",
      "role": "bestuurder",
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        "name": "Philip Peters",
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      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": "2024-05-27",
      "evidence_quote": "Er wordt nota genomen van het ontslag van de heer Philip Peters als bestuurder van de vennootschap en dit met ingang vanaf 27 mei 2024.",
      "decharge_status": null,
      "mandate_duration": {
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      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "substantive_delegation",
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        "rrn": null,
        "name": "Johan Jacobs",
        "address": null,
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        "profession": "gecertificeerd fiscaal accountant",
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      "reason": null,
      "subkind": "additional",
      "via_org": {
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        "name": "A.K.A.G.I BV",
        "address": null,
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        "legal_form": "BV"
      },
      "statutory": "statutair",
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      "evidence_quote": "Er wordt volmacht verleend aan de besloten vennootschap \u0022KONSILANTO\u0022... en aan haar mandatarisser en lasthebbers: - A.K.A.G.! BV, gedelegeerd bestuurder, vast vertegenwoordigd door Johan Jacobs",
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    {
      "kind": "substantive_delegation",
      "role": "gedelegeerd_bestuurder",
      "person": {
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        "name": "Kris Bollen",
        "address": null,
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        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": {
        "kbo": null,
        "name": "Ultra Wolf BV",
        "address": null,
        "country": null,
        "legal_form": "BV"
      },
      "statutory": "statutair",
      "compensated": null,
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      "evidence_quote": "Er wordt volmacht verleend aan de besloten vennootschap \u0022KONSILANTO\u0022... en aan haar mandatarisser en lasthebbers: - Ultra Wolf BV, gedelegeerd bestuurder, vast vertegenwoordigd door Kris Bollen",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
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      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Sylvie van Mol",
        "address": null,
        "birth_date": null,
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      },
      "reason": null,
      "subkind": "additional",
      "via_org": {
        "kbo": null,
        "name": "VAMOSY CommV",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": "statutair",
      "compensated": null,
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      "evidence_quote": "Er wordt volmacht verleend aan de besloten vennootschap \u0022KONSILANTO\u0022... en aan haar mandatarisser en lasthebbers: - VAMOSY CommV, bestuurder, vast vertegenwoordigd door Sylvie van Mol",
      "decharge_status": null,
      "mandate_duration": {
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
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    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Greet Slegers",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": {
        "kbo": null,
        "name": "ACC-KODI CommV",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Er wordt volmacht verleend aan de besloten vennootschap \u0022KONSILANTO\u0022... en aan haar mandatarisser en lasthebbers: - ACC-KODI CommV, bestuurder, vast vertegenwoordigd door Greet Slegers",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
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      "rep_rotation_new_rep": null,
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  ],
  "notary": {
    "name": null,
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    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": null,
    "filing_date": "2024-07-10",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2024-06-18",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0437.611.639",
    "name_full": "H.C.S. ONDERNEMINGSRECH",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "Konsilanto BV",
    "person_name": null,
    "org_rep_person_name": "Johan Jacobs",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
20-03-2024 2 directors appointed, 2 reappointed Director changes
  • Philip Peters, Bestuurder
  • Philip Peters, Gedelegeerd bestuurder
  • Luc Peters, Bestuurder
  • Catherine Thiry, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Luc Peters",
        "address": "3220 Holsbeek, Heideweg 7",
        "birth_date": null,
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      },
      "reason": null,
      "subkind": "renewal",
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      "effective_date": "2023-11-23",
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        "kind": "n_years",
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      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "director_renew",
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      "person": {
        "rrn": null,
        "name": "Catherine Thiry",
        "address": "3220 Holsbeek, Heideweg 7",
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      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Philip Peters",
        "address": "3010 Leuven (Kessel-Lo), Frans Nackaertsstraat 15",
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      },
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      "rep_rotation_new_rep": null,
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      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Philip Peters",
        "address": "3010 Leuven (Kessel-Lo), Frans Nackaertsstraat 15",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
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      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "6"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Leuven",
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-03-20",
    "filing_date": "2024-03-11",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2024-02-23",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0437.611.639",
    "name_full": "H.C.S.",
    "legal_form": "naamloze vennootschap"
  },
  "publication_proxy": {
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  },
  "co_filed_documents": [
    "PV bijzondere algemene vergadering dd. 23/2/2024"
  ],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220
Primary activity highlighted.
Names & trade names
Legal nameNL H.C.S.
Registered office
Demerstraat 1
3200 Aarschot, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative