HANDASSA
ActiveSummary
The computed 12-month bankruptcy probability of HANDASSA is 1.5% (moderate). The annual accounts of HANDASSA for fiscal year 2024 show a net loss of 71% of total assets. The 2024 annual accounts show equity of €40k and a net result of €-40k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 9518 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency96▼-4
Growth52=
Track record92
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.68 against 15.82 in 2023; short-term debt: 27.1% and cash: 99.9% of total assets), and 28.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.4%
Return on assets
-71.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-40k
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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
1 d early
2022
26 d early
2021
4 d early
2020
23 d late
2019
29 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€40k▼ 49.9%
2023 · €80k
2018: €15k
2019: €40k
2020: €114k
2021: €157k
2022: €121k
2023: €80k
2018 → 2024
Total assets
€56k▼ 36.1%
2023 · €88k
2018: €33k
2019: €66k
2020: €149k
2021: €173k
2022: €131k
2023: €88k
2018 → 2024
Net result
€-40k▲ 1.8%
2023 · €-41k
2018: €-32k
2019: €25k
2020: €83k
2021: €43k
2022: €-36k
2023: €-41k
2018 → 2024
Working capital
€41k▼ 50.3%
2023 · €82k
2018: €14k
2019: €41k
2020: €114k
2021: €157k
2022: €122k
2023: €82k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€114k-€157k▲ 37.7%€121k▼ 23.1%€80k▼ 33.7%€40k▼ 49.9%
Operating result€89k-€57k▼ 35.8%€-39k€-41k▼ 5.6%€-40k▲ 1.9%
Net result€83k-€43k▼ 48.2%€-36k€-41k▼ 12.3%€-40k▲ 1.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40k in 2024 against €41k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56k
Fixed assets
€81 =
Current assets
€56k ▼ 36.1%
Equity and liabilities €56k
Equity
€40k ▼ 49.9%
Debt
€16k ▲ 107%
Debt's share of the balance-sheet total rises from 8.8% to 28.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
3.68▼
2023 · 15.82
Debt to equity
0.40▲
2023 · 0.10
ROE
-99.6%▼
2023 · -50.8%
ROA
-71.1%▼
2023 · -46.3%
Debt ≤ 1 year
€15k▲
2023 · €6k
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 · 2024 against 2023 · 30 lines
Balance sheet
Code20232024
Assets
Total assets20/58€88k€56k▼
Fixed assets21/28€81€81=
Financial fixed assets28€81€81=
Current assets29/58€88k€56k▼
Amounts receivable within one year40/41€3k-
Trade receivables40€3k-
Cash at bank and in hand54/58€83k€56k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€88k€56k▼
Equity10/15€80k€40k▼
Reserves13€80k€40k▼
Distributable reserves133€80k€40k▼
Amounts payable17/49€8k€16k▲
Amounts payable within one year42/48€6k€15k▲
Trade debts44€854€785▼
Suppliers440/4€854€785▼
Taxes, remuneration and social security45€291€41▼
Taxes450/3€291€41▼
Other amounts payable47/48€4k€14k▲
Accrued charges and deferred income492/3€2k€816▼
Income statement
Code20232024
Other operating charges640/8€1k€976▼
Gross operating margin9900€-40k€-39k▲
Operating profit (loss)9901€-41k€-40k▲
Financial charges65/66B-€27
Recurring financial charges65-€27
Profit (loss) for the period before taxes9903€-41k€-40k▲
Profit (loss) for the period9904€-41k€-40k▲
Profit (loss) for the period to be appropriated9905€-41k€-40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-41k€-40k▲
Transfer from equity791/2€41k€40k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
24-01
KBO administration
Address struck
Rue de Dave(JB) 619 Die Sitzadresse Rue de Dave(JB) 619 5100
Namur · event 07-11-2024
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 10.78
Current ratio from 4.25 to 10.78; short-term debt falls from €35k to €16k.
31-12
Financial
Equity above €150kEq €157k ▲37.7%
3 profitable years in a row build equity to €157k.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Highest result since 2018net €83k ▲228%
Operating result €89k, net result €83k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲184%
2 profitable years in a row build equity to €114k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 44 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
1 establishment unit since 2015
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.
Ground area
896 m²
Building footprint
178 m²
Volume, LiDAR
1,648 m³
2 parcels, Brussels, Wallonia · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HANDASSA
since 20152.242.858.150
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92322E0429/00A000 | Wallonia | 758 m² | 1 · 88 m² | 9.0 m · 3 fl. |
| 21526D0234/00M004 | Brussels | 137 m² | 1 · 90 m² | 14.4 m · 4 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.
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 6,711 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.