H.S. IMMO
ActiveH.S. IMMO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €704k and a net result of €80k. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 44% of 19354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-13
Solvency49▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.4 in 2023; short-term debt: 14% and cash: 1.6% of total assets), and 75.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
12 d early
2021
32 d early
2020
33 d early
2019
38 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€704k▲ 8.5%
2023 · €649k
2018: €99k
2019: €136k
2020: €382k
2021: €376k
2022: €437k
2023: €649k
2018 → 2024
Total assets
€2.92M▲ 74.5%
2023 · €1.67M
2018: €491k
2019: €594k
2020: €977k
2021: €1.29M
2022: €1.48M
2023: €1.67M
2018 → 2024
Net result
€80k▼ 62.4%
2023 · €212k
2018: €28k
2019: €38k
2020: €247k
2021: €95k
2022: €62k
2023: €212k
2018 → 2024
Working capital
€21k▼ 85.1%
2023 · €143k
2018: €4k
2019: €24k
2020: €197k
2021: €24k
2022: €-21k
2023: €143k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€382k-€376k▼ 1.6%€437k▲ 16.2%€649k▲ 48.4%€704k▲ 8.5%
Operating result€330k-€105k▼ 68.1%€71k▼ 32.7%€296k▲ 318%€141k▼ 52.2%
Net result€247k-€95k▼ 61.6%€62k▼ 34.7%€212k▲ 243%€80k▼ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 52% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.92M
Fixed assets
€2.49M▲ 112%
Current assets
€429k▼ 14.0%
Equity and liabilities €2.92M
Equity
€704k▲ 8.5%
Debt
€2.21M▲ 116%
The debt ratio rises from 61.2% to 75.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€299k▼
2023 · €457k
Cash flow
€238k▼
2023 · €374k
Solvency
24.1%▼
2023 · 38.8%
Current ratio
1.05▼
2023 · 1.40
Quick ratio
0.97▼
2023 · 1.40
Debt / equity
3.14▲
2023 · 1.58
ROE
11.4%▼
2023 · 32.7%
ROA
2.7%▼
2023 · 12.7%
Interest coverage
8.38▼
2023 · 15.94
Debt
€2.21M▲
2023 · €1.02M
Debt ≤ 1 year
€408k▲
2023 · €356k
Debt > 1 year
€1.80M▲
2023 · €664k
Income taxes
€28k▼
2023 · €55k
Staff costs
€136k▼
2023 · €151k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.67M€2.92M▲
Fixed assets21/28€1.17M€2.49M▲
Intangible fixed assets21€9k€25k▲
Tangible fixed assets22/27€1.16M€2.46M▲
Land and buildings22€680k€2.11M▲
Plant, machinery and equipment23€362k€268k▼
Furniture and vehicles24€121k€89k▼
Current assets29/58€499k€429k▼
Stocks and contracts in progress3-€33k
Stocks30/36-€33k
Amounts receivable within one year40/41€386k€300k▼
Trade receivables40€318k€158k▼
Other amounts receivable41€68k€141k▲
Current investments50/53-€21k
Cash at bank and in hand54/58€82k€46k▼
Deferred charges and accrued income490/1€31k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.67M€2.92M▲
Equity10/15€649k€704k▲
Contributions10/11€19k€19k=
Reserves13€630k€685k▲
Distributable reserves133€630k€685k▲
Amounts payable17/49€1.02M€2.21M▲
Amounts payable after more than one year17€664k€1.80M▲
Financial debts170/4€664k€1.75M▲
Other amounts payable178/9-€50k
Amounts payable within one year42/48€356k€408k▲
Current portion of amounts payable after more than one year42€140k€181k▲
Financial debts43€100k€100k=
Other loans439€100k€100k=
Trade debts44€33k€54k▲
Suppliers440/4€33k€54k▲
Taxes, remuneration and social security45€16k€36k▲
Taxes450/3€1k€23k▲
Remuneration and social security454/9€15k€13k▼
Other amounts payable47/48€68k€37k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20232024
Non-recurring operating income76A-€21k
Remuneration, social security and pensions62€151k€136k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€161k€158k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€9k€10k▲
Gross operating margin9900€617k€447k▼
Operating profit (loss)9901€296k€141k▼
Financial income75/76B€333€2k▲
Recurring financial income75€333€2k▲
Financial charges65/66B€29k€36k▲
Recurring financial charges65€29k€36k▲
Profit (loss) for the period before taxes9903€267k€108k▼
Income taxes67/77€55k€28k▼
Profit (loss) for the period9904€212k€80k▼
Profit (loss) for the period to be appropriated9905€212k€80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€212k€80k▼
Transfer to equity691/2€212k€55k▼
To other reserves6921€212k€55k▼
Profit to be distributed694/7€850€25k▲
Return on contributions (dividend)694€850€25k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €649k ▲48.4%
6 profitable years in a row build equity to €649k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €247k ▲549%
Operating result €330k, net result €247k, both a record.
31-12
Financial
Equity above €200kEq €382k ▲180%
3 profitable years in a row build equity to €382k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €136k ▲37.5%
2 profitable years in a row build equity to €136k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herk-de-Stad · 1 establishment unit since 2016
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.
Stevoortweg 913540 Herk-de-StadGround area
3,187 m²
Building footprint
1,259 m²
Volume, LiDAR
8,230 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
H.S. IMMO
since 20162.257.593.638
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0227/00G000 | Flanders | 2,572 m² | 1 · 1,145 m² | 7.7 m · 2 fl. |
| 71024C0030/00A004 | Flanders | 615 m² | 1 · 114 m² | 11.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,254 EUR awarded · 2,254 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 503 EUR | 785 EUR |
| 2024 | 1 | 282 EUR | 1,469 EUR |
| 2023 | 1 | 1,469 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,768. 4,989 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-10-2016
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.