Summary
HASTINGS & CORNWALL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €13.70M and a net result of €951k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 21% of 2777 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
16 d early
2022
41 d early
2021
44 d early
2020
43 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€13.70M▲ 7.5%
2023 · €12.75M
2019: €7.33M
2020: €8.10M
2021: €10.16M
2022: €11.07M
2023: €12.75M
2019 → 2024
Net result
€951k▼ 43.4%
2023 · €1.68M
2019: €1.10M
2020: €776k
2021: €2.06M
2022: €911k
2023: €1.68M
2019 → 2024
Total assets
€64.52M▲ 5.9%
2023 · €60.93M
2019: €12.04M
2020: €29.93M
2021: €36.76M
2022: €64.91M
2023: €60.93M
2019 → 2024
Solvency
21.2%▲ 0.3pp
2023 · 20.9%
2019: 60.9%
2020: 27.1%
2021: 27.6%
2022: 17.1%
2023: 20.9%
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€237k-€761k▲ 221%€708k▼ 6.9%€780k▲ 10.2%€776k▼ 0.5%
Equity€8.10M-€10.16M▲ 25.4%€11.07M▲ 9.0%€12.75M▲ 15.2%€13.70M▲ 7.5%
Operating result€2k-€614k▲ 29,733%€95k▼ 84.5%€114k▲ 20.3%€117k▲ 2.4%
Net result€776k-€2.06M▲ 165%€911k▼ 55.7%€1.68M▲ 84.3%€951k▼ 43.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64.52M
Fixed assets
€51.11M ▲ 15.0%
Current assets
€13.41M ▼ 18.7%
Equity and liabilities €64.52M
Equity
€13.70M ▲ 7.5%
Debt
€50.81M ▲ 5.5%
Debt's share of the balance-sheet total falls from 79.1% to 78.8%. Equity and debt are higher.
Key figures and ratios
ROE
6.9%▼
2023 · 13.2%
ROA
1.5%▼
2023 · 2.8%
Debt ≤ 1 year
€44.83M▼
2023 · €44.89M
Debt > 1 year
€5.98M▲
2023 · €3.28M
Income taxes
€357k▲
2023 · €68k
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 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€60.93M€64.52M▲
Fixed assets21/28€44.43M€51.11M▲
Financial fixed assets28€44.43M€51.11M▲
Affiliated companies280/1€44.38M€44.88M▲
Participating interests280€14.80M€19.60M▲
Amounts receivable281€29.58M€25.29M▼
Companies linked by participating interests282/3€480-
Participating interests282€480-
Other financial fixed assets284/8€53k€6.22M▲
Amounts receivable and cash guarantees285/8€53k€6.22M▲
Current assets29/58€16.49M€13.41M▼
Amounts receivable within one year40/41€14.82M€11.74M▼
Trade receivables40€74k€75k▲
Other amounts receivable41€14.75M€11.67M▼
Cash at bank and in hand54/58€93k€121k▲
Deferred charges and accrued income490/1€1.58M€1.55M▼
Equity and liabilities
Total equity and liabilities10/49€60.93M€64.52M▲
Equity10/15€12.75M€13.70M▲
Contributions10/11€3.53M€3.53M=
Reserves13€116k€116k=
Non-distributable reserves130/1€116k€116k=
Reserves not available under the articles1311€116k€116k=
Profit (loss) carried forward14€9.11M€10.06M▲
Amounts payable17/49€48.17M€50.81M▲
Amounts payable after more than one year17€3.28M€5.98M▲
Financial debts170/4€3.28M€5.98M▲
Credit institutions173€2.68M€5.38M▲
Other loans174€600k€600k=
Amounts payable within one year42/48€44.89M€44.83M▼
Current portion of amounts payable after more than one year42€1.07M€1.76M▲
Trade debts44€70k€6k▼
Suppliers440/4€70k€6k▼
Taxes, remuneration and social security45€75k€368k▲
Taxes450/3€75k€368k▲
Other amounts payable47/48€43.68M€42.70M▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Operating income70/76A€780k€776k▼
Turnover70€780k€776k▼
Other operating income74-€73
Operating charges60/66A€666k€659k▼
Services and other goods61€665k€658k▼
Other operating charges640/8€1k€1k▲
Operating profit (loss)9901€114k€117k▲
Financial income75/76B€3.51M€3.38M▼
Recurring financial income75€3.51M€3.38M▼
Income from financial fixed assets750€2.81M€2.64M▼
Income from current assets751€585k€636k▲
Other financial income752/9€115k€102k▼
Financial charges65/66B€1.88M€2.19M▲
Recurring financial charges65€1.88M€2.19M▲
Debt charges650€1.88M€2.18M▲
Other financial charges652/9€2k€4k▲
Profit (loss) for the period before taxes9903€1.75M€1.31M▼
Income taxes67/77€68k€357k▲
Taxes670/3€68k€357k▲
Profit (loss) for the period9904€1.68M€951k▼
Profit (loss) for the period to be appropriated9905€1.68M€951k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9.11M€10.06M▲
Profit (loss) brought forward from the previous period14P€7.43M€9.11M▲
The notes to these accounts (42 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2019net €2.06M ▲165%
Operating result €614k, net result €2.06M, both a record.
31-12
Financial
Equity above €10MEq €10.16M ▲25.4%
3 profitable years in a row build equity to €10.16M.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €776k ▼29.3%
Net result drops to €776k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
23-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Herentals · 1 establishment unit since 2014
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.
Diamantstraat (HRT) 82200 HerentalsGround area
1.2 ha
Building footprint
3,044 m²
Volume, LiDAR
52,510 m³
Parcel 13027A0065/00F002, Flanders · tallest building 24.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
HASTINGS & CORNWALL
since 20142.226.378.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027A0065/00F002 | Flanders | 1.2 ha | 1 · 3,044 m² | 24.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 parent company · 1 subsidiary, 1 abroadControl over this companyparent company per the LEI register1
Herentals · LEI lapsed
controls
HASTINGS & CORNWALLBE 0543.747.851
controls
Where this company holds controlsubsidiary per the LEI register1
Flora 21 B.V.
Honselersdijk, Netherlands
Recognitions · licences · registrations
Legal Entity Identifier
254900WPXHDVU0BZAT52
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 5,172 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
Founded30-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.