HCServices
ActiveThe computed 12-month bankruptcy probability of HCServices is 2.5% (moderate). The 2025 annual accounts show equity of €1.36M and a net result of €534k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 454 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
88
/ 100
Excellent▲ +25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▲+35
Solvency49▲+21
Growth55▲+1
Stability100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.16 in 2024), and 73% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
27%
Return on assets
10.6%
Age of the figures
8 mo
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
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
8 d early
2023
15 d early
2022
17 d early
2021
16 d early
2020
18 d early
2019
14 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€17.17M▼ 4.7%
2024 · €18.02M
2022: €21.18M
2023: €19.72M
2024: €18.02M
2022 → 2025
EBIT margin
3.5%▲ 2.9pp
2024 · 0.5%
2022: -0.9%
2023: 2.0%
2024: 0.5%
2022 → 2025
Net result
€534k▲ 1,240%
2024 · €40k
2018: €-10k
2019: €-36k
2020: €34k
2021: €19k
2022: €-190k
2023: €334k
2024: €40k
2018 → 2025
Working capital
€1.13M▲ 117%
2024 · €521k
2018: €-29k
2019: €-62k
2020: €-27k
2021: €-14k
2022: €-202k
2023: €141k
2024: €521k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.18M€19.72M▼ 6.9%€18.02M▼ 8.6%€17.17M▼ 4.7%
Equity€-6k-€455k€789k▲ 73.3%€829k▲ 5.1%€1.36M▲ 64.4%
Operating result€-15k-€-196k▼ 1,204%€395k€98k▼ 75.2%€594k▲ 507%
Net result€19k-€-190k€334k€40k▼ 88.1%€534k▲ 1,240%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 507% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.04M
Fixed assets
€295k▼ 15.7%
Current assets
€4.75M▲ 22.7%
Equity and liabilities €5.04M
Equity
€1.36M▲ 64.4%
Provisions
€42k=
Debt
€3.64M▲ 8.6%
The debt ratio falls from 79.3% to 72.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€682k▲
2024 · €248k
Cash flow
€623k▲
2024 · €190k
Solvency
27.0%▲
2024 · 19.7%
Current ratio
1.31▲
2024 · 1.16
Quick ratio
1.31▲
2024 · 1.16
Debt / equity
2.67▼
2024 · 4.04
ROE
39.2%▲
2024 · 4.8%
ROA
10.6%▲
2024 · 0.9%
Interest coverage
8.78▲
2024 · 5.28
Debt
€3.64M▲
2024 · €3.35M
Debt ≤ 1 year
€3.61M▲
2024 · €3.35M
Income taxes
€70k▲
2024 · €2k
Staff costs
€16.93M▼
2024 · €17.37M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.22M€5.04M▲
Fixed assets21/28€350k€295k▼
Intangible fixed assets21€201k€140k▼
Tangible fixed assets22/27€96k€111k▲
Plant, machinery and equipment23€479€130▼
Furniture and vehicles24€35k€51k▲
Other tangible fixed assets26€61k€60k▼
Financial fixed assets28€53k€44k▼
Other financial fixed assets284/8€53k€44k▼
Amounts receivable and cash guarantees285/8€53k€44k▼
Current assets29/58€3.87M€4.75M▲
Amounts receivable within one year40/41€3.13M€4.17M▲
Trade receivables40€197k€1.16M▲
Other amounts receivable41€2.94M€3.01M▲
Current investments50/53€39-
Other investments51/53€39-
Cash at bank and in hand54/58€705k€474k▼
Deferred charges and accrued income490/1€28k€100k▲
Equity and liabilities
Total equity and liabilities10/49€4.22M€5.04M▲
Equity10/15€829k€1.36M▲
Contributions10/11€174k€174k=
Reserves13€600k€1.17M▲
Non-distributable reserves130/1€16k€16k=
Reserves not available under the articles1311€16k€16k=
Distributable reserves133€584k€1.15M▲
Profit (loss) carried forward14€55k€23k▼
Provisions and deferred taxes16€42k€42k=
Provisions for liabilities and charges160/5€42k€42k=
Other liabilities and charges164/5€42k€42k=
Amounts payable17/49€3.35M€3.64M▲
Amounts payable within one year42/48€3.35M€3.61M▲
Current portion of amounts payable after more than one year42€7k-
Financial debts43€443k€497k▲
Credit institutions430/8€443k€404k▼
Other loans439-€93k
Trade debts44€195k€445k▲
Suppliers440/4€195k€445k▲
Taxes, remuneration and social security45€2.12M€1.84M▼
Taxes450/3€40k€90k▲
Remuneration and social security454/9€2.08M€1.75M▼
Other amounts payable47/48€584k€836k▲
Accrued charges and deferred income492/3-€22k
Income statement
Code20242025
Operating income70/76A€19.35M€19.07M▼
Turnover70€18.02M€17.17M▼
Other operating income74€1.32M€1.33M▲
Non-recurring operating income76A€11k€571k▲
Operating charges60/66A€19.25M€18.48M▼
Services and other goods61€1.50M€1.42M▼
Remuneration, social security and pensions62€17.37M€16.93M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€150k€88k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-82k€3k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-6k-
Other operating charges640/8€205k€11k▼
Non-recurring operating charges66A€118k€17k▼
Operating profit (loss)9901€98k€594k▲
Financial income75/76B-€92k
Recurring financial income75-€92k
Income from current assets751-€89k
Other financial income752/9-€3k
Financial charges65/66B€56k€82k▲
Recurring financial charges65€56k€82k▲
Debt charges650€47k€78k▲
Other financial charges652/9€9k€4k▼
Profit (loss) for the period before taxes9903€42k€604k▲
Income taxes67/77€2k€70k▲
Taxes670/3€2k€70k▲
Profit (loss) for the period9904€40k€534k▲
Profit (loss) for the period to be appropriated9905€40k€534k▲
Appropriation of the result
Profit (loss) to be appropriated9906€639k€589k▼
Profit (loss) brought forward from the previous period14P€599k€55k▼
Transfer to equity691/2€584k€566k▼
To other reserves6921€584k€566k▼
Social balance
Average headcount (FTE)9087600.7568.0▼
The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €534k ▲1240%
Operating result €594k, net result €534k, both a record.
31-12
Financial
Equity above €1MEq €1.36M ▲64.4%
3 profitable years in a row build equity to €1.36M.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Back to profitnet €334k
Net result €334k after one loss-making year.
31-12
Financial
Equity above €500kEq €789k ▲73.3%
Equity rises from €455k to €789k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Weakest financial yearnet €-190k ▼1122%
Net result drops to €-190k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €455k
Equity rises from €-6k to €455k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Namur · 10 establishment units since 2022
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.
Rue René Copette(VD) 145020 NamurGround area
7,028 m²
Building footprint
1,409 m²
Volume, LiDAR
7,753 m³
9 parcels, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
10 establishment units
Azaé Dampremy
since 20222.333.072.209
Azaé Rixensart
since 20222.333.072.407
Azaé Haccourt
since 20222.333.073.593
Azaé - HCS Eupen
since 20252.371.937.238
Azaé - HCS Heusy
since 20252.371.937.337
Azaé - HCS Grivegnée
since 20252.371.937.436
Show 4 more locations
Azaé - HCS Aywaille
since 20252.374.286.123
Azaé - HCS Oupeye
since 20262.387.778.625
Azaé - HCS Voroux les liers
since 20262.387.778.823
Azaé - HCS Vedrin
since 20262.387.778.922
9 parcels
Wallonia
9
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62050B0880/00A000indicative | Wallonia | 3,229 m² | - | - |
| 92128B0235/00H015 | Wallonia | 1,526 m² | 1 · 96 m² | - |
| 63036A0024/00A013 | Wallonia | 1,077 m² | 1 · 443 m² | 13.3 m · 2 fl. |
| 62048B0649/00T000 | Wallonia | 377 m² | 1 · 124 m² | 9.3 m · 3 fl. |
| 62111A0423/00M000 | Wallonia | 278 m² | 1 · 451 m² | 7.2 m · 1 fl. |
| 25091C0876/00D000 | Wallonia | 156 m² | 1 · 102 m² | 8.2 m · 2 fl. |
| 52016A0443/00Z006 | Wallonia | 150 m² | 1 · 97 m² | 11.8 m · 3 fl. |
| 62302C0057/00B002 | Wallonia | 140 m² | 1 · 58 m² | 10.2 m · 3 fl. |
| 62009D0020/02B000 | Wallonia | 95 m² | 1 · 40 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 8
8 of 9 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
2022 to 2025 · 9 entries · 1,806,186 EUR awarded · 1,801,735 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 282,677 EUR | 281,225 EUR |
| 2024 | 2 | 531,882 EUR | 530,113 EUR |
| 2023 | 2 | 662,206 EUR | 661,111 EUR |
| 2022 | 2 | 329,421 EUR | 329,286 EUR |
Schemes
Dienstencheques
Opleidingsfonds dienstencheques
Recognitions: source did not answer, try again later.
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Of 7,263 companies in sector 81210 we hold annual accounts for 2,691. 710 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2007
Fiscal year end31-12
Activities, NACEBEL
74501
81210General cleaning of buildings
96910Personal service activities
74700
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.