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HR SOLUTIONS

Active
Private limited companyfounded 2008active for 17 yearsVan Geertenlaan (Dp) 6, 2920 Kalmthout, BelgiumKBO/BCE: BE 0808.749.178

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 15-07-2026 at the NBB all 17 filings

Amounts without an identifiable currency are taken as euros.

Turnover
≈ €87,000
Estimated: probably between €53,000 and €130,000
Total assets
€2.2m▲ 19.2%
2025 · €1.8m
Net result
€137,284
2025 · -€236,057
Working capital
-€213,694
2025 · €233,855
Trend over the years

2022 to 2025, 5 financial years 2019 to 2025, 8 financial years

Several financial years end in the same calendar year, so there is no annual trend.

Operating result-€0.06m 2025 Net result€0.1m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252025
Operating result€0.3m-€0.2m▼ 32.7%€0.2m▲ 30.4%€0.1m▼ 46.5%€0.1m▲ 21.4%€0.1m▼ 5.3%€0.04m▼ 69.8%-€0.06m-
Net result€0.2m-€0.1m▼ 33.0%€0.2mabove the sector's middle half▲ 45.7%€0.2mabove the sector's middle half▲ 2.2%€0.2mabove the sector's middle half▲ 17.2%€0.2mabove the sector's middle half▼ 3.2%-€0.2mbelow the sector's middle half€0.1mabove the sector's middle half-
Equity€0.3m-€0.4m▲ 36.3%€0.5mabove the sector's middle half▲ 18.6%€0.6mabove the sector's middle half▲ 22.6%€0.7mabove the sector's middle half▲ 32.0%€0.8mabove the sector's middle half▲ 7.4%€0.4mwithin the sector's middle half▼ 43.8%€0.6mwithin the sector's middle half-
Total assets€0.6m-€0.7m▲ 6.9%€0.7mabove the sector's middle half▲ 12.0%€0.8mabove the sector's middle half▲ 14.7%€1.0mabove the sector's middle half▲ 21.9%€1.1mabove the sector's middle half▲ 10.2%€1.8mwithin the sector's middle half▲ 59.7%€2.2mwithin the sector's middle half-
Debt€0.3m-€0.3m▼ 18.2%€0.3m▲ 2.5%€0.3m▲ 1.7%€0.3m▲ 2.0%€0.3m▲ 17.3%€1.4m▲ 303%€1.6m-
Working capital€0.008m-€0.09m▲ 1,000%€0.2mabove the sector's middle half▲ 83.5%€0.3mabove the sector's middle half▲ 65.2%€0.4mabove the sector's middle half▲ 60.7%€0.4mabove the sector's middle half▼ 8.6%€0.2mwithin the sector's middle half▼ 41.5%-€0.2mbelow the sector's middle half-
Solvency46.1%-58.8%▲ 12.6pp62.2%within the sector's middle half▲ 3.5pp66.5%within the sector's middle half▲ 4.3pp72.0%within the sector's middle half▲ 5.5pp70.2%within the sector's middle half▼ 1.8pp24.7%within the sector's middle half▼ 45.5pp27.1%within the sector's middle half-
Current ratio1.06-1.83▲ 0.771.92within the sector's middle half▲ 0.102.54within the sector's middle half▲ 0.624.10within the sector's middle half▲ 1.563.91within the sector's middle half▼ 0.201.69within the sector's middle half▼ 2.220.70within the sector's middle half-
Return on assets (ROA)25.0%-15.6%▼ 9.3pp20.3%within the sector's middle half▲ 4.7pp18.1%within the sector's middle half▼ 2.2pp17.4%within the sector's middle half▼ 0.7pp15.3%within the sector's middle half▼ 2.1pp-13.0%below the sector's middle half▼ 28.3pp6.3%within the sector's middle half-
Staff (FTE)0within the sector's middle half0within the sector's middle half-
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €2.2m
Fixed assets €1.7m ▲ 33.8%
Current assets €502,673 ▼ 12.5%
Equity and liabilities €2.2m
Equity €587,257 ▲ 30.5%
Debt €1.6m ▲ 15.5%
Debt's share of the balance-sheet total falls from 75.3% to 72.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2025
EBITDA
-€47,397▼
2025 · €51,501
Cash flow
€146,391▲
2025 · -€225,561
Debt to equity
2.70▼
2025 · 3.05
ROE
23.4%▲
2025 · -52.5%
Interest coverage
-1.41▼
2025 · 0.14
Debt ≤ 1 year
€716,367▲
2025 · €340,369
Debt > 1 year
€866,739▼
2025 · €1.0m
Income taxes
€354▼
2025 · €29,416
Staff costs
€0▼
2025 · €300
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Securities and guarantees

on own assets and for others
Item31-03-202231-03-202331-03-202431-03-20252025
Debts secured on the company's own assets---€1.2m€1.1m
Carrying value of the other pledged assets----€1.5m

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-20252025
Tangible fixed assets€45,900----
Financial fixed assets-€67,500€158,565€1.0m€430,127
Depreciation and write-downs of the year€4,039€10,496€12,181€10,496€9,107

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as HR SOLUTIONS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.3m and €3.4m, founded between 2005 and 2011.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
HR SOLUTIONS Kalmthout2008€2.2m€0.6m€0.03m€0.1m02025
Engelboom Hasselt2008€2.3m€0.1m€0.04m-€0.2m02025
DARLIV INTERNATIONAL Liège2007€2.5m€0.7m€0.03m€0.2m02025
DADEKK Hoogstraten2005€2.3m€2.2m€0.05m€0.09m02025
LOU-CAS Heist-op-den-Berg2007€3.1m-€2.1m€0.04m-€0.1m02025
LUPET CONSULTANCY Brasschaat2005€3.4m€3.2m€0.03m€1.3m02025
PPP Group Lasne2011€2.6m€1.0m€0.03m€0.3m02024

They were chosen from the 54,694 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2025 · 56 lines

Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.

Balance sheet Code20252025
Assets
Total assets20/58€1.8m€2.2m▲
Fixed assets21/28€1.2m€1.7m▲
Tangible fixed assets22/27€0.02m€0.007m▼
Furniture and vehicles24€0.02m€0.007m▼
Financial fixed assets28€1.2m€1.7m▲
Current assets29/58€0.6m€0.5m▼
Amounts receivable after more than one year29€0.1m€0.1m=
Other amounts receivable291€0.1m€0.1m=
Amounts receivable within one year40/41€0.03m€0.03m▼
Trade receivables40€0.009m€0▼
Other amounts receivable41€0.03m€0.03m=
Current investments50/53€0.3m€0.3m▲
Cash at bank and in hand54/58€0.1m€0.07m▼
Deferred charges and accrued income490/1€0.004m€0.001m▼
Equity and liabilities
Total equity and liabilities10/49€1.8m€2.2m▲
Equity10/15€0.4m€0.6m▲
Contributions10/11€0.006m€0.006m=
Reserves13€0.7m€0.7m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Distributable reserves133€0.7m€0.7m=
Profit (loss) carried forward14-€0.2m-€0.1m▲
Amounts payable17/49€1.4m€1.6m▲
Amounts payable after more than one year17€1.0m€0.9m▼
Financial debts170/4€1.0m€0.9m▼
Amounts payable within one year42/48€0.3m€0.7m▲
Current portion of amounts payable after more than one year42€0.2m€0.2m▲
Financial debts43€0.02m€0▼
Credit institutions430/8€0.02m€0▼
Trade debts44€0.001m€0.002m▲
Suppliers440/4€0.001m€0.002m▲
Taxes, remuneration and social security45€0.009m€0.01m▲
Taxes450/3€0.009m€0.01m▲
Other amounts payable47/48€0.1m€0.5m▲
Income statement Code20252025
Remuneration, social security and pensions62€300€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.01m€0.009m▼
Other operating charges640/8€0.002m€0.08m▲
Gross operating margin9900€0.05m€0.03m▼
Operating profit (loss)9901€0.04m-€0.06m▼
Financial income75/76B€0.1m€0.2m▲
Recurring financial income75€0.09m€0.2m▲
Non-recurring financial income76B€0.02m€0▼
Financial charges65/66B€0.4m€0.03m▼
Recurring financial charges65€0.4m€0.03m▼
Profit (loss) for the period before taxes9903-€0.2m€0.1m▲
Income taxes67/77€0.03m€354▼
Profit (loss) for the period9904-€0.2m€0.1m▲
Profit (loss) for the period to be appropriated9905-€0.2m€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.1m▲
Profit (loss) brought forward from the previous period14P--€0.2m
Transfer from equity791/2€0.1m€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0.1m€0▼
Return on contributions (dividend)694€0.1m€0▼
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts have 21 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252025Change
Non-recurring operating income76A---€248€0----
Remuneration, social security and pensions62------€300€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,024€11,634€1,744€4,039€10,496€12,181€10,496€9,107-
Other operating charges640/8---€1,496€1,318€1,768€1,740€80,791-
Non-recurring operating charges66A---€14,000€0----
Gross operating margin9900€262,024€185,495€223,218€137,477€155,048€149,585€53,540€33,394-
Operating profit (loss)9901€251,061€169,032€220,414€117,942€143,234€135,635€41,004-€56,504-
Financial income75/76B---€84,160€98,158€98,620€110,574€227,815-
Recurring financial income75€1,560€1,795€1,565€84,160€98,158€98,620€87,675€227,815-
Non-recurring financial income76B---€0--€22,900€0-
Financial charges65/66B---€4,691€3,907€6,642€358,220€33,673-
Recurring financial charges65€6,691€6,206€8,260€4,691€3,907€6,642€358,220€33,673-
Profit (loss) for the period before taxes9903€245,930€164,621€213,719€197,411€237,486€227,613-€206,641€137,638-
Income taxes67/77€91,622€61,264€63,158€43,464€57,030€52,964€29,416€354-
Profit (loss) for the period9904€154,308€103,357€150,560€153,947€180,456€174,649-€236,057€137,284-
Profit (loss) for the period to be appropriated9905€154,308€103,357€150,560€153,947€180,456€174,649-€236,057€137,284-
Line20192020202120222023202420252025Change
Assets
Total assets20/58€0.6m€0.7m€0.7m€0.8m€1.0m€1.1m€1.8m€2.2m-
Formation expenses20€0€0€0------
Fixed assets21/28€0.5m€0.5m€0.4m€0.4m€0.5m€0.6m€1.2m€1.7m-
Intangible fixed assets21€0€0€0------
Tangible fixed assets22/27€0.2m€0.2m€0.05m€0.05m€0.04m€0.03m€0.02m€0.007m-
Land and buildings22---€0-----
Furniture and vehicles24---€0.05m€0.04m€0.03m€0.02m€0.007m-
Other tangible fixed assets26---€0-----
Financial fixed assets28€0.2m€0.2m€0.4m€0.4m€0.4m€0.6m€1.2m€1.7m-
Current assets29/58€0.2m€0.2m€0.3m€0.4m€0.6m€0.5m€0.6m€0.5m-
Amounts receivable after more than one year29---€0.1m€0.1m€0.1m€0.1m€0.1m-
Other amounts receivable291---€0.1m€0.1m€0.1m€0.1m€0.1m-
Stocks and contracts in progress3€0€0€0------
Amounts receivable within one year40/41€0.01m€0.03m€0.01m€0.03m€0.05m€0.007m€0.03m€0.03m-
Trade receivables40------€0.009m€0-
Other amounts receivable41---€0.03m€0.05m€0.007m€0.03m€0.03m-
Current investments50/53€0€0.003m€0.06m€0.1m€0.2m€0.3m€0.3m€0.3m-
Cash at bank and in hand54/58€0.04m€0.07m€0.2m€0.2m€0.3m€0.2m€0.1m€0.07m-
Deferred charges and accrued income490/1---€0.002m€0.001m€404€0.004m€0.001m-
Equity and liabilities
Total equity and liabilities10/49€0.6m€0.7m€0.7m€0.8m€1.0m€1.1m€1.8m€2.2m-
Equity10/15€0.3m€0.4m€0.5m€0.6m€0.7m€0.8m€0.4m€0.6m-
Contributions10/11€0.006m€0.006m-€0.006m€0.006m€0.006m€0.006m€0.006m-
Reserves13€0.3m€0.4m€0.5m€0.6m€0.7m€0.8m€0.7m€0.7m-
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m-
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m-
Distributable reserves133---€0.6m€0.7m€0.8m€0.7m€0.7m-
Profit (loss) carried forward14€0€0€0€0€0€0-€0.2m-€0.1m-
Amounts payable17/49€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€1.4m€1.6m-
Amounts payable after more than one year17€0.2m€0.2m€0.1m€0.1m€0.1m€0.2m€1.0m€0.9m-
Financial debts170/4---€0.1m€0.1m€0.2m€1.0m€0.9m-
Amounts payable within one year42/48€0.1m€0.1m€0.2m€0.2m€0.1m€0.1m€0.3m€0.7m-
Current portion of amounts payable after more than one year42---€0.04m€0.02m€0.06m€0.2m€0.2m-
Financial debts43---€0.02m€0.02m€0.02m€0.02m€0-
Credit institutions430/8---€0.02m€0.02m€0.02m€0.02m€0-
Trade debts44€0.006m€0.04m€0.06m€0.1m€0.07m€0.03m€0.001m€0.002m-
Suppliers440/4---€0.1m€0.07m€0.03m€0.001m€0.002m-
Taxes, remuneration and social security45---€0.01m€0.03m€0.009m€0.009m€0.01m-
Taxes450/3---€0.01m€0.03m€0.009m€0.009m€0.01m-
Other amounts payable47/48---€0.001m€0€0.03m€0.1m€0.5m-
Accrued charges and deferred income492/3---€0.003m€0€0.001m---
Line20192020202120222023202420252025Change
Profit (loss) for the period9904€154,308€103,357€150,560€153,947€180,456€174,649-€236,057€137,284-
+ Depreciation and write-downs630€10,024€11,634€1,744€4,039€10,496€12,181€10,496€9,107-
Operating cash flow (approximation)€164,332€114,991€152,304€157,986€190,952€186,831-€225,561€146,391-
Investment in fixed assets (approximation)--€7,775€64,211-€6,900-€67,500-€158,565-€653,908--
Change in cash-€27,604€105,759€31,862€46,386-€93,881-€14,080--

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 15-07-2026 2026-00295996 NBB
31-03-2025 abbreviated format 30-10-2025 2025-00558336 PDF
31-03-2024 micro format 30-10-2024 2024-00522573 PDF
31-03-2023 micro format 23-10-2023 2023-00490026 PDF
31-03-2022 micro format 28-10-2022 2022-20475383 PDF
31-03-2021 micro format 14-10-2021 2021-71800475 PDF
31-03-2020 micro format 24-08-2020 2020-43200601 PDF
31-03-2019 micro format 04-07-2019 2019-27900510 PDF
31-03-2018 micro format 04-10-2018 2018-68200219 PDF
31-03-2017 micro format 17-10-2017 2017-67200293 PDF

Show all 17 filings

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