H & S
Bankruptcy closedInactive since 13-05-2026; last annual accounts for fiscal year 2021.
Summary
H & S was declared bankrupt on 10-11-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed by liquidation by judgment of 05-05-2026, published in the Belgian State Gazette on 11-05-2026.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
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Financials · fiscal year 2021, micro schema
Equity
€28,544▼ 10.1%
2020 · €31,736
Total assets
€57,883▼ 43.6%
2020 · €102,652
Net result
-€3,193
2020 · €4,517
Working capital
€28,474▼ 1.8%
2020 · €29,000
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€6,226-€10,364▲ 66.5%€5,035▼ 51.4%-€7,270
Net result€2,569-€5,318▲ 107%€4,517within the sector's middle half▼ 15.1%-€3,193below the sector's middle half
Equity€21,902-€27,220▲ 24.3%€31,736within the sector's middle half▲ 16.6%€28,544within the sector's middle half▼ 10.1%
Total assets€92,232-€86,813▼ 5.9%€102,652within the sector's middle half▲ 18.2%€57,883below the sector's middle half▼ 43.6%
Debt€70,330-€59,594▼ 15.3%€70,915▲ 19.0%€29,339▼ 58.6%
Working capital€21,902-€21,816▼ 0.4%€29,000within the sector's middle half▲ 32.9%€28,474within the sector's middle half▼ 1.8%
Solvency23.7%-31.4%▲ 7.6pp30.9%within the sector's middle half▼ 0.4pp49.3%within the sector's middle half▲ 18.4pp
Current ratio1.31-1.37▲ 0.051.41within the sector's middle half▲ 0.041.97within the sector's middle half▲ 0.56
Return on assets (ROA)2.8%-6.1%▲ 3.3pp4.4%within the sector's middle half▼ 1.7pp-5.5%below the sector's middle half▼ 9.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €7,270 after €5,035 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €57,883
Fixed assets
€70 ▼ 97.4%
Current assets
€57,813 ▼ 42.1%
Equity and liabilities €57,883
Equity
€28,544 ▼ 10.1%
Debt
€29,339 ▼ 58.6%
Debt's share of the balance-sheet total falls from 69.1% to 50.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,603▼
2020 · €7,702
Cash flow
-€526▼
2020 · €7,183
Debt to equity
1.03
ROE
-11.2%▼
2020 · 14.2%
Interest coverage
-26.15
Debt ≤ 1 year
€29,339▼
2020 · €70,915
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,111 | €2,667 | €2,667 | €2,667 | = |
| Other operating charges640/8 | - | - | - | €901 | - |
| Gross operating margin9900 | €13,785 | €13,708 | €8,200 | -€3,702 | ▼ 145% |
| Operating profit (loss)9901 | €6,226 | €10,364 | €5,035 | -€7,270 | ▼ 244% |
| Financial income75/76B | - | - | - | €4,253 | - |
| Recurring financial income75 | - | €0 | €0 | €4,253 | ▲ 924,465% |
| Financial charges65/66B | - | - | - | €176 | - |
| Recurring financial charges65 | €2,471 | €2,591 | €519 | €176 | ▼ 66.1% |
| Profit (loss) for the period before taxes9903 | €3,755 | €7,772 | €4,517 | -€3,193 | ▼ 171% |
| Income taxes67/77 | €1,186 | €2,454 | - | - | - |
| Profit (loss) for the period9904 | €2,569 | €5,318 | €4,517 | -€3,193 | ▼ 171% |
| Profit (loss) for the period to be appropriated9905 | €2,569 | €5,318 | €4,517 | -€3,193 | ▼ 171% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €92,232 | €86,813 | €102,652 | €57,883 | ▼ 43.6% |
| Fixed assets21/28 | - | €5,403 | €2,737 | €70 | ▼ 97.4% |
| Tangible fixed assets22/27 | - | €5,333 | €2,667 | - | - |
| Financial fixed assets28 | - | €70 | €70 | €70 | = |
| Current assets29/58 | €92,232 | €81,410 | €99,915 | €57,813 | ▼ 42.1% |
| Stocks and contracts in progress3 | - | - | €9,130 | - | - |
| Amounts receivable within one year40/41 | €83,641 | €65,703 | €76,151 | €47,102 | ▼ 38.1% |
| Trade receivables40 | - | - | - | €26,635 | - |
| Other amounts receivable41 | - | - | - | €20,467 | - |
| Cash at bank and in hand54/58 | €8,590 | €15,707 | €14,634 | €10,240 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | - | - | - | €471 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €92,232 | €86,813 | €102,652 | €57,883 | ▼ 43.6% |
| Equity10/15 | €21,902 | €27,220 | €31,736 | €28,544 | ▼ 10.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €13,842 | €19,160 | €23,676 | €20,484 | ▼ 13.5% |
| Amounts payable17/49 | €70,330 | €59,594 | €70,915 | €29,339 | ▼ 58.6% |
| Amounts payable within one year42/48 | €70,330 | €59,594 | €70,915 | €29,339 | ▼ 58.6% |
| Trade debts44 | €45,000 | €34,098 | €46,040 | €29,339 | ▼ 36.3% |
| Suppliers440/4 | - | - | - | €29,339 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,569 | €5,318 | €4,517 | -€3,193 | ▼ 171% |
| + Depreciation and write-downs630 | €7,111 | €2,667 | €2,667 | €2,667 | = |
| Operating cash flow (approximation) | €9,680 | €7,985 | €7,183 | -€526 | ▼ 107% |
| Investment in fixed assets (approximation) | - | - | €0 | -€0 | - |
| Change in cash | - | €7,116 | -€1,072 | -€4,394 | ▼ 310% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
11-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 05-05-2026
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 391 days late
2022
18-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 10-11-2022
2021
31-12
Financial
Weakest financial yearnet -€3,193
Net result drops to -€3,193, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €5,318 ▲107%
Operating result €10,364, net result €5,318, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
2014
23-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 54 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Heusden-Zolder
Ground area
882 m²
Building footprint
174 m²
Volume, LiDAR
800 m³
Parcel 71502B0500/00M000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0500/00M000 | Flanders | 882 m² | 1 · 174 m² | 8.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VICTOR ENGELEN Herebaan-Oost 3/1, 3530 02 Houthalen-Helchteren |
10-11-2022 → 05-05-2026 |
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Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded31-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43331Floor and wall tiling
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.