HR Connected
Open bankruptcyA bankruptcy procedure is open for HR Connected according to publications in the Belgian State Gazette; curator: JUUL CREYTENS. The 2024 annual accounts show equity of €10k and a net result of €-6k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 29-04-2025, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
1 d early
2023
27 d early
2022
2 d early
2021
3 d early
2020
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€10k▼ 38.1%
2023 · €17k
2020: €6k
2021: €5k
2022: €18k
2023: €17k
2020 → 2024
Total assets
€29k▲ 6.2%
2023 · €27k
2020: €26k
2021: €27k
2022: €36k
2023: €27k
2020 → 2024
Net result
€-6k▼ 725%
2023 · €-777
2020: €-60
2021: €-1k
2022: €13k
2023: €-777
2020 → 2024
Working capital
€6k▼ 43.5%
2023 · €11k
2020: €-9k
2021: €-3k
2022: €16k
2023: €11k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€5k▼ 18.2%€18k▲ 251%€17k▼ 4.4%€10k▼ 38.1%
Operating result€1k-€466▼ 61.5%€18k▲ 3,734%€808▼ 95.5%€-6k
Net result€-60-€-1k▼ 1,750%€13k€-777€-6k▼ 725%
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 €6k after €808 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €29k
Fixed assets
€4k▼ 27.2%
Current assets
€25k▲ 14.8%
Equity and liabilities €29k
Equity
€10k▼ 38.1%
Debt
€19k▲ 77.6%
The debt ratio rises from 38.3% to 64.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2023 · €2k
Cash flow
€-5k▼
2023 · €526
Solvency
36.0%▼
2023 · 61.7%
Current ratio
1.34▼
2023 · 2.08
Quick ratio
1.34▼
2023 · 2.08
Debt / equity
1.78▲
2023 · 0.62
ROE
-61.5%▼
2023 · -4.6%
ROA
-22.1%▼
2023 · -2.8%
Interest coverage
-23.32▼
2023 · 30.34
Debt
€19k▲
2023 · €10k
Debt ≤ 1 year
€19k▲
2023 · €10k
Income taxes
€261▼
2023 · €2k
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€27k€29k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€22k€25k▲
Amounts receivable within one year40/41€2k€13k▲
Trade receivables40€0€13k▲
Other amounts receivable41€2k€239▼
Cash at bank and in hand54/58€19k€11k▼
Deferred charges and accrued income490/1€461€492▲
Equity and liabilities
Total equity and liabilities10/49€27k€29k▲
Equity10/15€17k€10k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€11k€4k▼
Amounts payable17/49€10k€19k▲
Amounts payable within one year42/48€10k€19k▲
Financial debts43€0€1k▲
Credit institutions430/8€0€1k▲
Trade debts44€638€5k▲
Suppliers440/4€638€5k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€8k€7k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€3k€-3k▼
Operating profit (loss)9901€808€-6k▼
Financial income75/76B€3€3▲
Recurring financial income75€3€3▲
Financial charges65/66B€70€191▲
Recurring financial charges65€70€191▲
Profit (loss) for the period before taxes9903€741€-6k▼
Income taxes67/77€2k€261▼
Profit (loss) for the period9904€-777€-6k▼
Profit (loss) for the period to be appropriated9905€-777€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€4k▼
Profit (loss) brought forward from the previous period14P€11k€11k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · HR CONNECTED BV GOVAARTSAKKER 9, 9041 OOSTAKKER · event 03-04-2026
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.94
Current ratio from 0.85 to 1.94; short-term debt falls from €22k to €18k.
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2019
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.
Govaartsakker 99041 GentGround area
315 m²
Building footprint
90 m²
Parcel 44051C0548/00Y002, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
HR Connected
since 20192.283.661.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051C0548/00Y002 | Flanders | 315 m² | 1 · 89 m² | 0.1 m |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JUUL CREYTENS LEOPOLDLAAN 15, 9200 DENDER-
MONDE |
03-04-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,415 EUR awarded · 2,385 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 30 EUR | 0 EUR |
| 2023 | 1 | 1,320 EUR | 1,320 EUR |
| 2022 | 1 | 1,065 EUR | 1,065 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 13,426 companies in sector 73300 we hold annual accounts for 6,900. 3,754 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-01-2019
Fiscal year end30-09
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.