H.T.S.
ActiveSummary
H.T.S. has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €597k and a net result of €27k. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 1747 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-13
Solvency82▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.93 in 2024; short-term debt: 37.7% and cash: 21.7% of total assets), and 42.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
57.3%
Return on assets
2.6%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
16 d early
2023
2 d early
2022
25 d late
2021
78 d late
2020
83 d late
2019
41 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€597k▲ 4.6%
2024 · €571k
2018: €138klowest in 8 years
2019: €263k▲ +91.0% vs 2018
2020: €240k▼ -9.0% vs 2019
2021: €181k▼ -24.3% vs 2020
2022: €235k▲ +29.6% vs 2021
2023: €482k▲ +105% vs 2022
2024: €571k▲ +18.6% vs 2023
2025: €597k▲ +4.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.04M▼ 2.9%
2024 · €1.07M
2018: €751k
2019: €846k▲ +12.7% vs 2018
2020: €735k▼ -13.2% vs 2019
2021: €694k▼ -5.5% vs 2020
2022: €689k▼ -0.7% vs 2021lowest in 8 years
2023: €981k▲ +42.4% vs 2022
2024: €1.07M▲ +9.5% vs 2023highest in 8 years
2025: €1.04M▼ -2.9% vs 2024
2018 → 2025
Net result
€27k▼ 70.5%
2024 · €91k
2018: €-86klowest in 8 years
2019: €127k▲ +248% vs 2018
2020: €-22k▼ -117% vs 2019
2021: €-57k▼ -157% vs 2020
2022: €55k▲ +197% vs 2021
2023: €248k▲ +349% vs 2022highest in 8 years
2024: €91k▼ -63.3% vs 2023
2025: €27k▼ -70.5% vs 2024
2018 → 2025
Working capital
€383k▼ 0.4%
2024 · €385k
2018: €-7klowest in 8 years
2019: €137k▲ +1975% vs 2018
2020: €114k▼ -16.8% vs 2019
2021: €34k▼ -70.0% vs 2020
2022: €84k▲ +146% vs 2021
2023: €293k▲ +249% vs 2022
2024: €385k▲ +31.5% vs 2023highest in 8 years
2025: €383k▼ -0.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€181k-€235k▲ 29.6%€482k▲ 105%€571k▲ 18.6%€597k▲ 4.6%
2021: €181klowest in 5 years
2022: €235k▲ +29.6% vs 2021
2023: €482k▲ +105% vs 2022
2024: €571k▲ +18.6% vs 2023
2025: €597k▲ +4.6% vs 2024highest in 5 years
Operating result€-50k-€63k€297k▲ 374%€158k▼ 47.0%€60k▼ 61.9%
2021: €-50klowest in 5 years
2022: €63k▲ +226% vs 2021
2023: €297k▲ +374% vs 2022highest in 5 years
2024: €158k▼ -47.0% vs 2023
2025: €60k▼ -61.9% vs 2024
Net result€-57k-€55k€248k▲ 349%€91k▼ 63.3%€27k▼ 70.5%
2021: €-57klowest in 5 years
2022: €55k▲ +197% vs 2021
2023: €248k▲ +349% vs 2022highest in 5 years
2024: €91k▼ -63.3% vs 2023
2025: €27k▼ -70.5% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€267k ▼ 2.7%
Current assets
€776k ▼ 3.0%
Equity and liabilities €1.04M
Equity
€597k ▲ 4.6%
Provisions
€102 ▼ 25.7%
Debt
€445k ▼ 11.5%
Debt's share of the balance-sheet total falls from 46.8% to 42.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€128k▼
2024 · €214k
Cash flow
€94k▼
2024 · €147k
Current ratio
1.98▲
2024 · 1.93
Quick ratio
1.01▲
2024 · 1.00
Debt to equity
0.75▼
2024 · 0.88
ROE
4.5%▼
2024 · 15.9%
ROA
2.6%▼
2024 · 8.5%
Interest coverage
5.28▼
2024 · 8.05
Debt ≤ 1 year
€393k▼
2024 · €416k
Debt > 1 year
€48k▼
2024 · €85k
Income taxes
€11k▼
2024 · €42k
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€1.07M€1.04M▼
Fixed assets21/28€274k€267k▼
Tangible fixed assets22/27€274k€266k▼
Land and buildings22€157k€128k▼
Plant, machinery and equipment23€94k€103k▲
Furniture and vehicles24€22k€35k▲
Financial fixed assets28€250€250=
Current assets29/58€801k€776k▼
Stocks and contracts in progress3€387k€380k▼
Stocks30/36€387k€380k▼
Amounts receivable within one year40/41€66k€90k▲
Trade receivables40€58k€78k▲
Other amounts receivable41€8k€12k▲
Current investments50/53€100k€66k▼
Cash at bank and in hand54/58€235k€226k▼
Deferred charges and accrued income490/1€12k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.04M▼
Equity10/15€571k€597k▲
Contributions10/11€25k€25k=
Reserves13€544k€571k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€18k€18k=
Distributable reserves133€526k€553k▲
Investment grants15€3k€2k▼
Provisions and deferred taxes16€137€102▼
Deferred taxes168€137€102▼
Amounts payable17/49€503k€445k▼
Amounts payable after more than one year17€85k€48k▼
Financial debts170/4€85k€48k▼
Amounts payable within one year42/48€416k€393k▼
Current portion of amounts payable after more than one year42€39k€37k▼
Trade debts44€85k€62k▼
Suppliers440/4€85k€62k▼
Taxes, remuneration and social security45€23k€6k▼
Taxes450/3€23k€6k▼
Other amounts payable47/48€268k€287k▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€67k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€221k€136k▼
Operating profit (loss)9901€158k€60k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€27k€24k▼
Recurring financial charges65€27k€24k▼
Profit (loss) for the period before taxes9903€133k€38k▼
Transfer from deferred taxes780€504€35▼
Income taxes67/77€42k€11k▼
Profit (loss) for the period9904€91k€27k▼
Profit (loss) for the period to be appropriated9905€91k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€27k▼
Transfer to equity691/2€91k€27k▼
To other reserves6921€91k€27k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €17k | €350 | €661 | €7k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €51k | €48k | €56k | €67k | ▲ 19.8% |
| Other operating charges640/8 | €6k | €6k | €8k | €7k | €8k | ▲ 14.6% |
| Gross operating margin9900 | €3k | €120k | €354k | €221k | €136k | ▼ 38.7% |
| Operating profit (loss)9901 | €-50k | €63k | €297k | €158k | €60k | ▼ 61.9% |
| Financial income75/76B | €5k | €3k | €2k | €2k | €2k | ▲ 43.1% |
| Recurring financial income75 | €5k | €3k | €2k | €2k | €2k | ▲ 43.1% |
| Financial charges65/66B | €12k | €11k | €21k | €27k | €24k | ▼ 9.2% |
| Recurring financial charges65 | €12k | €11k | €21k | €27k | €24k | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €-57k | €55k | €279k | €133k | €38k | ▼ 71.2% |
| Transfer from deferred taxes780 | €505 | €505 | €35 | €504 | €35 | ▼ 93.0% |
| Income taxes67/77 | €157 | €107 | €31k | €42k | €11k | ▼ 73.1% |
| Profit (loss) for the period9904 | €-57k | €55k | €248k | €91k | €27k | ▼ 70.5% |
| Transfer from tax-exempt reserves789 | - | - | €469 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-57k | €55k | €248k | €91k | €27k | ▼ 70.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €694k | €689k | €981k | €1.07M | €1.04M | ▼ 2.9% |
| Fixed assets21/28 | €354k | €316k | €315k | €274k | €267k | ▼ 2.7% |
| Tangible fixed assets22/27 | €353k | €316k | €315k | €274k | €266k | ▼ 2.7% |
| Land and buildings22 | €236k | €215k | €186k | €157k | €128k | ▼ 18.4% |
| Plant, machinery and equipment23 | €77k | €66k | €100k | €94k | €103k | ▲ 9.4% |
| Furniture and vehicles24 | €40k | €34k | €28k | €22k | €35k | ▲ 58.4% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €341k | €373k | €666k | €801k | €776k | ▼ 3.0% |
| Stocks and contracts in progress3 | €256k | €302k | €406k | €387k | €380k | ▼ 1.8% |
| Stocks30/36 | €256k | €302k | €406k | €387k | €380k | ▼ 1.8% |
| Amounts receivable within one year40/41 | €7k | €16k | €24k | €66k | €90k | ▲ 35.8% |
| Trade receivables40 | €4k | €10k | €14k | €58k | €78k | ▲ 33.9% |
| Other amounts receivable41 | €4k | €6k | €10k | €8k | €12k | ▲ 49.5% |
| Current investments50/53 | - | - | €9k | €100k | €66k | ▼ 34.0% |
| Cash at bank and in hand54/58 | €65k | €38k | €210k | €235k | €226k | ▼ 4.0% |
| Deferred charges and accrued income490/1 | €13k | €18k | €18k | €12k | €15k | ▲ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €694k | €689k | €981k | €1.07M | €1.04M | ▼ 2.9% |
| Equity10/15 | €181k | €235k | €482k | €571k | €597k | ▲ 4.6% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €203k | €204k | €453k | €544k | €571k | ▲ 4.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | €18k | €18k | €18k | €18k | €18k | = |
| Distributable reserves133 | €182k | €184k | €432k | €526k | €553k | ▲ 5.1% |
| Profit (loss) carried forward14 | €-53k | - | - | - | - | - |
| Investment grants15 | €7k | €6k | €4k | €3k | €2k | ▼ 25.7% |
| Provisions and deferred taxes16 | €2k | €1k | €641 | €137 | €102 | ▼ 25.7% |
| Deferred taxes168 | €2k | €1k | €641 | €137 | €102 | ▼ 25.7% |
| Amounts payable17/49 | €511k | €453k | €499k | €503k | €445k | ▼ 11.5% |
| Amounts payable after more than one year17 | €203k | €164k | €124k | €85k | €48k | ▼ 43.4% |
| Financial debts170/4 | €203k | €164k | €124k | €85k | €48k | ▼ 43.4% |
| Amounts payable within one year42/48 | €307k | €290k | €374k | €416k | €393k | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | €49k | €39k | €39k | €39k | €37k | ▼ 6.0% |
| Trade debts44 | €21k | €10k | €65k | €85k | €62k | ▼ 26.9% |
| Suppliers440/4 | €21k | €10k | €65k | €85k | €62k | ▼ 26.9% |
| Taxes, remuneration and social security45 | €932 | €818 | €20k | €23k | €6k | ▼ 72.9% |
| Taxes450/3 | €932 | €818 | €20k | €23k | €6k | ▼ 72.9% |
| Other amounts payable47/48 | €235k | €240k | €249k | €268k | €287k | ▲ 7.4% |
| Accrued charges and deferred income492/3 | €2k | - | €1k | €3k | €4k | ▲ 71.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-57k | €55k | €248k | €91k | €27k | ▼ 70.5% |
| + Depreciation and write-downs630 | €46k | €51k | €48k | €56k | €67k | ▲ 19.8% |
| Operating cash flow (approximation) | €-10k | €106k | €296k | €147k | €94k | ▼ 36.0% |
| Investment in fixed assets (approximation) | - | €-13k | €-48k | €-15k | €-60k | ▼ 295% |
| Change in cash | - | €-27k | €171k | €26k | €-9k | ▼ 136% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €571k ▲18.6%
3 profitable years in a row build equity to €571k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €248k ▲349%
Operating result €297k, net result €248k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Back to profitnet €55k
Net result €55k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €235k ▲29.6%
Equity rises from €181k to €235k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 83 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
31-12
Financial
Back to profitnet €127k
Net result €127k after one loss-making year.
Show earlier events
31-12
Financial
Equity above €200kEq €263k ▲91%
Equity rises from €138k to €263k.
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 51 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial 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
2 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, Herenthout · 2 establishment units since 1994
Ground area
1,087 m²
Building footprint
392 m²
Volume, LiDAR
1,797 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Heikant 113, 2270 Herenthout
since 19942.068.119.479
Zelle 3A, 2270 Herenthout
since 20162.260.383.575
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012B0322/00M000 | Flanders | 859 m² | 1 · 165 m² | 7.3 m · 2 fl. |
| 13012A0213/00R000 | Flanders | 227 m² | 1 · 227 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHerenthout2.068.119.479
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Of 902 companies in sector 01461 we hold annual accounts for 295. 246 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-07-1994
Fiscal year end31-12
Activities, NACEBEL 2025
01461Pig breeding farms
Scores and ratios are computed by Checked and are not a credit decision.