HFSP 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 €220k and a net result of €12k. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 62% of 3321 sector peers (fiscal year 2024). The company has been active since 2022 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 advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
124 d late
2022
140 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€220k▲ 5.6%
2023 · €209k
2022: €99k
2023: €209k
2022 → 2024
Net result
€12k▼ 89.3%
2023 · €109k
2022: €98k
2023: €109k
2022 → 2024
Total assets
€349k▲ 10.4%
2023 · €316k
2022: €127k
2023: €316k
2022 → 2024
Solvency
63.2%▼ 2.9pp
2023 · 66.1%
2022: 78.3%
2023: 66.1%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€99k-€209k▲ 110%€220k▲ 5.6%
Operating result€127k-€29k▼ 77.4%€-20k
Net result€98k-€109k▲ 10.9%€12k▼ 89.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €20k after €29k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €349k
Fixed assets
€130k▲ 37.7%
Current assets
€219k▼ 1.3%
Equity and liabilities €349k
Equity
€220k▲ 5.6%
Debt
€128k▲ 19.8%
The debt ratio rises from 33.9% to 36.8%. Equity and debt are higher.
Key figures and ratios
Solvency
63.2%▼
2023 · 66.1%
ROE
5.3%▼
2023 · 52.3%
ROA
3.3%▼
2023 · 34.6%
Debt
€128k▲
2023 · €107k
Debt ≤ 1 year
€107k=
2023 · €107k
Debt > 1 year
€21k
Income taxes
€4k▼
2023 · €38k
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€316k€349k▲
Fixed assets21/28€94k€130k▲
Tangible fixed assets22/27€2k€37k▲
Furniture and vehicles24€2k€3k▲
Leasing and similar rights25-€34k
Financial fixed assets28€92k€93k▲
Current assets29/58€221k€219k▼
Amounts receivable within one year40/41€108k€204k▲
Trade receivables40€4k€20k▲
Other amounts receivable41€104k€184k▲
Cash at bank and in hand54/58€113k€13k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€316k€349k▲
Equity10/15€209k€220k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€208k€219k▲
Amounts payable17/49€107k€128k▲
Amounts payable after more than one year17-€21k
Financial debts170/4-€21k
Amounts payable within one year42/48€107k€107k=
Current portion of amounts payable after more than one year42-€7k
Trade debts44€3k€17k▲
Suppliers440/4€3k€17k▲
Taxes, remuneration and social security45€66k€39k▼
Taxes450/3€66k€39k▼
Other amounts payable47/48€38k€44k▲
Accrued charges and deferred income492/3€432€592▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€879€10k▲
Other operating charges640/8€564€2k▲
Non-recurring operating charges66A€25k-
Gross operating margin9900€56k€-8k▼
Operating profit (loss)9901€29k€-20k▼
Financial income75/76B€120k€38k▼
Recurring financial income75€120k€38k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€147k€16k▼
Income taxes67/77€38k€4k▼
Profit (loss) for the period9904€109k€12k▼
Profit (loss) for the period to be appropriated9905€109k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€208k€219k▲
Profit (loss) brought forward from the previous period14P€98k€208k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-08
State Gazette act
Registered officeGeneral meeting · Registered-office move · Statutes amendment5 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move · Statutes amendment5 facts ▸
- General meeting, 2026-08-04
- Registered-office move, Avenue Marie-Jeanne 56, 1640 Rhode-Saint-Genèse
- Statutes amendment
- Commissaire, Non-nomination d'un commissaire
- Power of attorney, Pacifisc
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €12k ▼89.3%
Net result drops to €12k, the lowest in the series.
02-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 124 days late
2023
31-12
Financial
Highest result since 2022net €109k ▲10.9%
Net result €109k, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 2.07
Current ratio from 0.35 to 2.07.
31-12
Financial
Equity above €200kEq €209k ▲110%
2 profitable years in a row build equity to €209k.
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 140 days late
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit 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.
Maria-Joannalaan 561640 Sint-Genesius-RodeGround area
1,254 m²
Building footprint
387 m²
Volume, LiDAR
4,727 m³
2 parcels, Brussels, Flanders · tallest building 34.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HFSP SRL
since 20222.328.183.904
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0043/00M053 | Flanders | 988 m² | 1 · 122 m² | 11.4 m · 3 fl. |
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 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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MILLTOWN PARTNERS BELGIUM
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CREDIT WALLONIE
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Of 1,507 companies in sector 66199 we hold annual accounts for 917. 642 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2022
Fiscal year end31-12
Activities, NACEBEL
66199Other activities auxiliary to financial services, excluding insurance and pension funding
58290Other software publishing
62020IT consultancy
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.