HOSA
ActiveHOSA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.64M and a net result of €-35k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 670 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-10
Solvency98▲+6
Growth35▼-17
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.42 against 1.92 in 2024), and 41% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
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
59%
Return on assets
-1.3%
Age of the figures
8 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
62 d late
2023
422 d late
2022
5 d early
2021
29 d late
2020
30 d late
2019
28 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€8.75M▼ 17.6%
2024 · €10.62M
2023: €12.88M
2024: €10.62M
2023 → 2025
EBIT margin
-0.1%▼ 1.4pp
2024 · 1.3%
2023: 5.9%
2024: 1.3%
2023 → 2025
Net result
€-35k
2024 · €57k
2019: €21k
2020: €361k
2021: €312k
2022: €11k
2023: €488k
2024: €57k
2019 → 2025
Working capital
€1.62M▼ 1.4%
2024 · €1.64M
2019: €792k
2020: €1.16M
2021: €1.27M
2022: €1.19M
2023: €1.73M
2024: €1.64M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.88M€10.62M▼ 17.5%€8.75M▼ 17.6%
Equity€1.62M-€1.38M▼ 14.8%€1.87M▲ 35.4%€1.67M▼ 10.4%€1.64M▼ 2.1%
Operating result€508k-€120k▼ 76.4%€758k▲ 531%€136k▼ 82.1%€-10k
Net result€312k-€11k▼ 96.5%€488k▲ 4,366%€57k▼ 88.4%€-35k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €136k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.78M
Fixed assets
€20k▼ 53.4%
Current assets
€2.76M▼ 19.4%
Equity and liabilities €2.78M
Equity
€1.64M▼ 2.1%
Debt
€1.14M▼ 36.3%
The debt ratio falls from 51.7% to 41.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€13k▼
2024 · €177k
Cash flow
€-12k▼
2024 · €98k
Solvency
59.0%▲
2024 · 48.3%
Current ratio
2.42▲
2024 · 1.92
Quick ratio
2.17▲
2024 · 1.65
Debt / equity
0.70▼
2024 · 1.07
ROE
-2.1%▼
2024 · 3.4%
ROA
-1.3%▼
2024 · 1.6%
Debt
€1.14M▼
2024 · €1.79M
Debt ≤ 1 year
€1.14M▼
2024 · €1.78M
Income taxes
€620▼
2024 · €34k
Staff costs
€2.34M▲
2024 · €2.31M
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€3.46M€2.78M▼
Fixed assets21/28€43k€20k▼
Tangible fixed assets22/27€43k€20k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€33k€14k▼
Other tangible fixed assets26€6k€4k▼
Current assets29/58€3.42M€2.76M▼
Stocks and contracts in progress3€485k€291k▼
Stocks30/36€93k€106k▲
Raw materials and consumables30/31€62k€82k▲
Goods purchased for resale34€31k€24k▼
Contracts in progress37€392k€184k▼
Amounts receivable within one year40/41€2.89M€2.43M▼
Trade receivables40€1.21M€640k▼
Other amounts receivable41€1.68M€1.79M▲
Current investments50/53€32k€32k=
Other investments51/53€32k€32k=
Cash at bank and in hand54/58€2k€0▼
Deferred charges and accrued income490/1€12k€6k▼
Equity and liabilities
Total equity and liabilities10/49€3.46M€2.78M▼
Equity10/15€1.67M€1.64M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€406k€406k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€399k€399k=
Profit (loss) carried forward14€1.21M€1.17M▼
Amounts payable17/49€1.79M€1.14M▼
Amounts payable within one year42/48€1.78M€1.14M▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€1.41M€1.02M▼
Suppliers440/4€1.41M€1.02M▼
Advances received on contracts in progress46€81k€35k▼
Taxes, remuneration and social security45€25k€38k▲
Taxes450/3€478€14k▲
Remuneration and social security454/9€24k€24k▼
Other amounts payable47/48€265k€49k▼
Accrued charges and deferred income492/3€11k€0▼
Income statement
Code20242025
Operating income70/76A€11.04M€8.79M▼
Turnover70€10.62M€8.75M▼
Change in stocks of work in progress, finished goods and contracts in progress71€212k€-161k▼
Other operating income74€187k€195k▲
Non-recurring operating income76A€18k€0▼
Operating charges60/66A€10.90M€8.80M▼
Goods for resale, raw materials and consumables60€6.77M€4.87M▼
Purchases600/8€6.73M€4.88M▼
Change in stocks: decrease (increase)609€40k€-13k▼
Services and other goods61€1.73M€1.56M▼
Remuneration, social security and pensions62€2.31M€2.34M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€23k▼
Other operating charges640/8€21k€14k▼
Non-recurring operating charges66A€32k€0▼
Operating profit (loss)9901€136k€-10k▼
Financial income75/76B€3k€7k▲
Recurring financial income75€3k€7k▲
Other financial income752/9€3k€7k▲
Financial charges65/66B€48k€31k▼
Recurring financial charges65€48k€31k▼
Debt charges650€23€0▼
Other financial charges652/9€48k€31k▼
Profit (loss) for the period before taxes9903€91k€-34k▼
Income taxes67/77€34k€620▼
Taxes670/3€34k€620▼
Profit (loss) for the period9904€57k€-35k▼
Profit (loss) for the period to be appropriated9905€57k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.21M€1.17M▼
Profit (loss) brought forward from the previous period14P€1.15M€1.21M▲
Social balance
Average headcount (FTE)908733.232.6▼
The notes to these accounts (47 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-35k ▼161%
Net result drops to €-35k, the lowest in the series.
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 62 days late
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 422 days late
2023
31-12
Financial
Highest result since 2019net €488k ▲4366%
Operating result €758k, net result €488k, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
31-03
Financial
Equity above €1MEq €1.31M ▲38.1%
2 profitable years in a row build equity to €1.31M.
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Ingelmunster · 1 establishment unit since 1989
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.
Zuidkaai 88770 IngelmunsterGround area
1.5 ha
Building footprint
1,797 m²
Volume, LiDAR
10,107 m³
Parcel 36007C0642/00E003, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HOSA
since 19892.045.415.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0642/00E003 | Flanders | 1.5 ha | 1 · 1,797 m² | 7.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 295 EUR awarded · 295 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 295 EUR | 295 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-10-1989
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
43429Specialised construction activities
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.