HK CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of HK CONCEPT is 3.3% (moderate). The 2025 annual accounts show equity of €6,455 and a net result of €18,264. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 18716 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+33
Solvency26▲+3
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.72 against 0.85 in 2024; short-term debt: 43% and cash: 15.1% of total assets), and 98.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18716 sector peers (2025).
NBB · sector comparisonPosition among 18716 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
1 d early
2022
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,455
2024 · -€11,809
Total assets
€580,293▲ 2.4%
2024 · €566,717
Net result
€18,264
2024 · -€12,934
Working capital
-€70,824▼ 60.1%
2024 · -€44,234
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€3,137--€517▲ 83.5%-€11,013▼ 2,029%€51,201
Net result-€3,224within the sector's middle half--€651within the sector's middle half▲ 79.8%-€12,934below the sector's middle half▼ 1,887%€18,264within the sector's middle half
Equity€1,776below the sector's middle half-€1,125below the sector's middle half▼ 36.7%-€11,809below the sector's middle half€6,455within the sector's middle half
Total assets€1,927below the sector's middle half-€1,332below the sector's middle half▼ 30.9%€566,717above the sector's middle half▲ 42,440%€580,293above the sector's middle half▲ 2.4%
Debt€151-€208▲ 37.3%€578,526▲ 278,520%€573,839▼ 0.8%
Working capital€1,776within the sector's middle half-€1,125within the sector's middle half▼ 36.7%-€44,234below the sector's middle half-€70,824below the sector's middle half▼ 60.1%
Solvency-2.1%below the sector's middle half1.1%below the sector's middle half▲ 3.2pp
Current ratio0.85within the sector's middle half0.72below the sector's middle half▼ 0.14
Return on assets (ROA)-2.3%within the sector's middle half3.1%within the sector's middle half▲ 5.4pp
Staff (FTE)0.36.5▲ 2,067%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €51,201 after a loss of €11,013 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €580,293
Fixed assets
€401,364 ▲ 30.2%
Current assets
€178,930 ▼ 30.7%
Equity and liabilities €580,293
Equity
€6,455
Debt
€573,839
Debt finances 98.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€104,057▲
2024 · -€5,590
Cash flow
€71,120▲
2024 · -€7,510
Quick ratio
0.44▼
2024 · 0.48
Debt to equity
88.90▲
2024 · -48.99
ROE
283.0%
Interest coverage
3.15▲
2024 · -2.91
Debt ≤ 1 year
€249,754▼
2024 · €302,609
Debt > 1 year
€321,969▲
2024 · €275,917
Staff costs
€140,444▲
2024 · €7,385
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.6%
went bankrupt
2.7%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,251 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,385 | €140,444 | ▲ 1,802% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5,424 | €52,856 | ▲ 875% |
| Other operating charges640/8 | €706 | €348 | €394 | €402 | ▲ 2.0% |
| Non-recurring operating charges66A | - | - | - | €200 | - |
| Gross operating margin9900 | -€2,431 | -€170 | €2,190 | €245,104 | ▲ 11,093% |
| Operating profit (loss)9901 | -€3,137 | -€517 | -€11,013 | €51,201 | ▲ 565% |
| Financial income75/76B | - | - | - | €51 | - |
| Recurring financial income75 | - | - | - | €51 | - |
| Financial charges65/66B | €87 | €134 | €1,921 | €32,987 | ▲ 1,617% |
| Recurring financial charges65 | €87 | €134 | €1,921 | €32,987 | ▲ 1,617% |
| Profit (loss) for the period before taxes9903 | -€3,224 | -€651 | -€12,934 | €18,264 | ▲ 241% |
| Profit (loss) for the period9904 | -€3,224 | -€651 | -€12,934 | €18,264 | ▲ 241% |
| Profit (loss) for the period to be appropriated9905 | -€3,224 | -€651 | -€12,934 | €18,264 | ▲ 241% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1,927 | €1,332 | €566,717 | €580,293 | ▲ 2.4% |
| Fixed assets21/28 | - | - | €308,342 | €401,364 | ▲ 30.2% |
| Intangible fixed assets21 | - | - | - | €128,685 | - |
| Tangible fixed assets22/27 | - | - | €307,979 | €272,316 | ▼ 11.6% |
| Plant, machinery and equipment23 | - | - | €307,979 | €272,316 | ▼ 11.6% |
| Financial fixed assets28 | - | - | €363 | €363 | = |
| Current assets29/58 | €1,927 | €1,332 | €258,375 | €178,930 | ▼ 30.7% |
| Stocks and contracts in progress3 | - | - | €112,117 | €69,790 | ▼ 37.8% |
| Stocks30/36 | - | - | €112,117 | €69,790 | ▼ 37.8% |
| Amounts receivable within one year40/41 | €481 | €1,063 | €35,086 | €6,737 | ▼ 80.8% |
| Trade receivables40 | - | - | - | €0 | - |
| Other amounts receivable41 | €481 | €1,063 | €35,086 | €6,737 | ▼ 80.8% |
| Cash at bank and in hand54/58 | €1,446 | €269 | €104,643 | €87,520 | ▼ 16.4% |
| Deferred charges and accrued income490/1 | - | - | €6,529 | €14,882 | ▲ 128% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1,927 | €1,332 | €566,717 | €580,293 | ▲ 2.4% |
| Equity10/15 | €1,776 | €1,125 | -€11,809 | €6,455 | ▲ 155% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€3,224 | -€3,875 | -€16,809 | €1,455 | ▲ 109% |
| Amounts payable17/49 | €151 | €208 | €578,526 | €573,839 | ▼ 0.8% |
| Amounts payable after more than one year17 | - | - | €275,917 | €321,969 | ▲ 16.7% |
| Financial debts170/4 | - | - | €275,917 | €321,969 | ▲ 16.7% |
| Amounts payable within one year42/48 | €151 | €208 | €302,609 | €249,754 | ▼ 17.5% |
| Current portion of amounts payable after more than one year42 | - | - | €21,504 | €43,860 | ▲ 104% |
| Trade debts44 | €151 | €208 | €256,479 | €181,728 | ▼ 29.1% |
| Suppliers440/4 | €151 | €208 | €256,479 | €181,728 | ▼ 29.1% |
| Taxes, remuneration and social security45 | - | - | €2,610 | €3,560 | ▲ 36.4% |
| Remuneration and social security454/9 | - | - | €2,610 | €3,560 | ▲ 36.4% |
| Other amounts payable47/48 | - | - | €22,017 | €20,606 | ▼ 6.4% |
| Accrued charges and deferred income492/3 | - | - | - | €2,115 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,224 | -€651 | -€12,934 | €18,264 | ▲ 241% |
| + Depreciation and write-downs630 | - | - | €5,424 | €52,856 | ▲ 875% |
| Operating cash flow (approximation) | -€3,224 | -€651 | -€7,510 | €71,120 | ▲ 1,047% |
| Investment in fixed assets (approximation) | - | - | - | -€145,878 | - |
| Change in cash | - | -€1,177 | €104,374 | -€17,123 | ▼ 116% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €18,264
Net result €18,264 after 3 loss-making years.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet -€12,934
Net result drops to -€12,934, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek · 1 establishment unit since 2020
Ground area
2,234 m²
Building footprint
1,064 m²
Volume, LiDAR
9,765 m³
2 parcels, Brussels · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
HK CONCEPT
since 20202.309.805.570
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0025/00H002 | Brussels | 1,890 m² | 1 · 743 m² | 14.0 m · 4 fl. |
| 21908E0011/00M015 | Brussels | 344 m² | 1 · 321 m² | 15.5 m · 2 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 siteEvere2.309.805.570
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 2,930 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
Founded01-10-2020
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
ali.k@hotmail.com
Phone
0477/906147
E-invoicing
Reachable via Peppol
Peppol ID
0208:0755569919
Also
9925:BE0755569919
Registered
14-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.