HS BRUGGE
ActiveThe computed 12-month bankruptcy probability of HS BRUGGE is 5.4% (elevated). The 2025 annual accounts show equity of €124k and a net result of €-36k. Equity is growing by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 13240 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-50
Solvency47▼-13
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
5.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.54 against 1.23 in 2024; short-term debt: 43.7% and cash: 11.9% of total assets), and 77.7% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.3%
Return on assets
-6.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
34 d late
2024
60 d late
2023
6 d early
2022
26 d early
2021
4 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€124k▼ 22.6%
2024 · €160k
2021: €88k
2022: €106k
2023: €145k
2024: €160k
2021 → 2025
Total assets
€555k▲ 20.7%
2024 · €460k
2021: €254k
2022: €283k
2023: €341k
2024: €460k
2021 → 2025
Net result
€-36k
2024 · €15k
2021: €-22k
2022: €18k
2023: €38k
2024: €15k
2021 → 2025
Working capital
€-111k
2024 · €41k
2021: €6k
2022: €-2k
2023: €22k
2024: €41k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€106k▲ 20.5%€145k▲ 36.1%€160k▲ 10.4%€124k▼ 22.6%
Operating result€-21k-€23k€46k▲ 98.9%€32k▼ 29.5%€-20k
Net result€-22k-€18k€38k▲ 112%€15k▼ 60.9%€-36k
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 2025: a loss of €20k after €32k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €555k
Fixed assets
€424k▲ 76.3%
Current assets
€131k▼ 40.3%
Equity and liabilities €555k
Equity
€124k▼ 22.6%
Debt
€432k▲ 43.7%
The debt ratio rises from 65.3% to 77.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €75k
Cash flow
€6k▼
2024 · €57k
Solvency
22.3%▼
2024 · 34.7%
Current ratio
0.54▼
2024 · 1.23
Quick ratio
0.40▼
2024 · 1.15
Debt / equity
3.49▲
2024 · 1.88
ROE
-29.2%▼
2024 · 9.4%
ROA
-6.5%▼
2024 · 3.3%
Interest coverage
1.48▼
2024 · 8.27
Debt
€432k▲
2024 · €300k
Debt ≤ 1 year
€243k▲
2024 · €179k
Debt > 1 year
€189k▲
2024 · €122k
Income taxes
€1k▼
2024 · €8k
Staff costs
€214k▲
2024 · €129k
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€460k€555k▲
Fixed assets21/28€241k€424k▲
Intangible fixed assets21-€13k
Tangible fixed assets22/27€241k€410k▲
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€109k€106k▼
Other tangible fixed assets26€121k€295k▲
Financial fixed assets28-€700
Current assets29/58€220k€131k▼
Stocks and contracts in progress3€15k€33k▲
Stocks30/36€15k€33k▲
Amounts receivable within one year40/41€73k€26k▼
Trade receivables40€73k€26k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€130k€66k▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€460k€555k▲
Equity10/15€160k€124k▼
Contributions10/11€110k€110k=
Reserves13€50k€50k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14-€-36k
Amounts payable17/49€300k€432k▲
Amounts payable after more than one year17€122k€189k▲
Financial debts170/4€122k€189k▲
Amounts payable within one year42/48€179k€243k▲
Current portion of amounts payable after more than one year42€48k€81k▲
Trade debts44€16k€58k▲
Suppliers440/4€16k€58k▲
Advances received on contracts in progress46€76k-
Taxes, remuneration and social security45€39k€78k▲
Taxes450/3€30k€32k▲
Remuneration and social security454/9€9k€46k▲
Other amounts payable47/48€0€24k▲
Income statement
Code20242025
Non-recurring operating income76A€970-
Remuneration, social security and pensions62€129k€214k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€42k▼
Other operating charges640/8€2k€7k▲
Non-recurring operating charges66A€21k-
Gross operating margin9900€227k€243k▲
Operating profit (loss)9901€32k€-20k▼
Financial income75/76B€10€92▲
Recurring financial income75€10€92▲
Financial charges65/66B€9k€15k▲
Recurring financial charges65€9k€15k▲
Profit (loss) for the period before taxes9903€23k€-35k▼
Income taxes67/77€8k€1k▼
Profit (loss) for the period9904€15k€-36k▼
Profit (loss) for the period to be appropriated9905€15k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-36k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (13 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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
31-12
Financial
Weakest financial yearnet €-36k ▼340%
Net result drops to €-36k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €150kEq €160k ▲10.4%
3 profitable years in a row build equity to €160k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €38k ▲112%
Operating result €46k, net result €38k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
31-12
Financial
Equity above €100kEq €106k ▲20.5%
Equity rises from €88k to €106k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial 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, Brugge · 2 establishment units since 2021
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.
Hendrik Brugmansstraat 108000 BruggeGround area
6,886 m²
Building footprint
4,819 m²
Volume, LiDAR
90,769 m³
2 parcels, Flanders · tallest building 28.7 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Hendrik Brugmansstraat 10, 8000 Brugge
since 20212.321.039.655
HS Brugge
since 20252.372.249.717
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0005/07_000 | Flanders | 6,781 m² | 1 · 4,714 m² | 28.7 m · 9 fl. |
| 31803C1284/00B000 | Flanders | 105 m² | 1 · 105 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
2 sitesBrugge2.321.039.655
Brugge2.372.249.717
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Villa Anamma
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AC ORCHIDEA
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BELRODA
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 9,320 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-2021
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.