Liquidity
8.78 was 5.55 in 2024
Short-term debts fell from €9,436 to €7,437.
HR SOLUTION
Lifetime
9 annual accounts with figures on one time axispeak €152,776 (2021)
€142,482▲ 15.6%
lowest -€7,366 (2019)
€5,073▲ €11,389
peak €74,459 (2022)
€68,906▲ 7.9%
€7,437▼ 21.2%
Board2 names since 2024
2 directorsHARRAK SEMATI Haagere and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Turnover from €123,204 to €142,482Gross margin from €20,309 to €25,667Back to profit: €5,073Debts from €9,436 to €7,437
Key points
from the 2025 annual accountsFilings
9 annual accounts 3 late
The 2024 accounts came latest: 90 days after the end of the period.
Position in the sector
90.3%
Higher solvency than 90% of companies in advertising and market research. Sector median 44.3% · 2,094 companies.
Checked score
88
Excellent
Financially stronger than 73% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%▼ -0.1 percentage points vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.2 percentage points vs 08-2025
10-2025: 1.3%▲ +0.6 percentage points vs 09-2025highest value
11-2025: 0.4%▼ -0.9 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%▼ -0.4 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €142,482, total assets €76,343
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Liquidity: current ratio 8.78, cash €25,942
Sector: Advertising, market research and public relations activities (NACE 73)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 87% of them on solvency, 86% on liquidity, 54% on profitability and 67% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as HR SOLUTION has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of HR SOLUTION itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for HR SOLUTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.78 (5.55 in 2024), above the usual 1.5. Short-term debt is 9.7% and cash 34% of total assets. 9.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
31 days late
2024
90 days late
2023
42 days early
2022
19 days early
2021
34 days early
2020
32 days early
2019
4 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 50 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0664574219
Changes of role: KHARBI Abderrahim (director) and HARRAK SEMATI Haagere (director)
General meeting of 01-03-2024 · Gazette deed
First establishment
Zénobe Grammelaan 91, Schaerbeek
Incorporation
published on 14-10-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HR SOLUTION Schaerbeek | €76,343 | €25,667 | 90.3% | - |
| WIDE ECHO Uccle | €75,844 | €29,379 | 71.2% | - |
| MFI Communications Uccle | €72,280 | €21,635 | 28.2% | - |
| Filip De Groote Consulting Antwerp | €80,718 | €25,524 | 75.7% | - |
| STRATO Deinze | €67,301 | €26,356 | 62.4% | - |
| ELYXIRE Ottignies-Louvain-la-Neuve | €80,722 | €29,700 | 24.0% | - |
| WEAR SUNSCREEN Antwerp | €65,227 | €28,552 | 9.5% | - |
These companies have the same main activity as HR SOLUTION: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €65,200 and €80,700, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 12-10-2016Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 1 other
- Establishment unit
- 2.261.535.8951030 Schaerbeek, since 01-01-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 31-03-2026
Insights on HR SOLUTION
HR SOLUTION has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,906 and a net result of €5,073, with €8,439 of non-recurring income.
Equity has been growing by about 2.5% per year since 2018. Its solvency ranks better than 90% of 2,094 sector peers (NACE 73, financial year 2025).
The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HR SOLUTION
- What is the company number of HR SOLUTION?
- The company number of HR SOLUTION is 0664.574.219. The VAT number is the same number with BE in front: BE 0664.574.219.
- Where is HR SOLUTION based?
- The registered office is at Zénobe Grammelaan 91, 1030 Schaerbeek.Company details
- What does HR SOLUTION do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of HR SOLUTION?
- HR SOLUTION is a private limited company (BV).
- When was HR SOLUTION founded?
- HR SOLUTION was founded on 12-10-2016.
- Is HR SOLUTION still active?
- Yes, HR SOLUTION is an active enterprise in the KBO register.
- What is the turnover of HR SOLUTION?
- The turnover of HR SOLUTION was €142,482 in financial year 2025, according to the filed annual accounts.Financials
- Is HR SOLUTION profitable?
- In financial year 2025, HR SOLUTION made a profit of €5,073.
- Where can I find the annual accounts of HR SOLUTION?
- HR SOLUTION filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HR SOLUTION due?
- HR SOLUTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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