HS BUSINESS
Open bankruptcyA bankruptcy procedure is open for HS BUSINESS according to publications in the Belgian State Gazette; curator: MURIEL LAMBOT.
Summary
The 2025 annual accounts show equity of €9k and a net result of €1k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
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. 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
30 d late
2022
67 d late
2021
72 d late
2020
94 d late
2019
123 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k▲ 16.8%
2024 · €8k
2018: €-6k
2019: €-6k
2020: €18k
2021: €27k
2022: €-28k
2023: €11k
2024: €8k
2018 → 2025
Total assets
€69k▲ 4.8%
2024 · €66k
2018: €14k
2019: €24k
2020: €54k
2021: €77k
2022: €71k
2023: €90k
2024: €66k
2018 → 2025
Net result
€1k
2024 · €-3k
2018: €5k
2019: €516
2020: €23k
2021: €9k
2022: €-56k
2023: €40k
2024: €-3k
2018 → 2025
Working capital
€2k▲ 7.1%
2024 · €2k
2018: €-6k
2019: €-11k
2020: €12k
2021: €24k
2022: €-6k
2023: €19k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€-28k€11k€8k▼ 28.5%€9k▲ 16.8%
Operating result€12k-€-56k€42k€-2k€4k
Net result€9k-€-56k€40k€-3k€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€7k ▲ 20.4%
Current assets
€62k ▲ 3.3%
Equity and liabilities €69k
Equity
€9k ▲ 16.8%
Debt
€60k ▲ 3.1%
Debt's share of the balance-sheet total falls from 87.9% to 86.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k
Cash flow
€2k
Current ratio
1.04▲
2024 · 1.04
Debt to equity
6.40▼
2024 · 7.25
ROE
14.4%▲
2024 · -39.9%
ROA
1.9%▲
2024 · -4.8%
Interest coverage
1.79
Debt ≤ 1 year
€60k▲
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€66k€69k▲
Fixed assets21/28€6k€7k▲
Tangible fixed assets22/27€5k€6k▲
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€2k€3k▲
Financial fixed assets28€400€1k▲
Current assets29/58€60k€62k▲
Stocks and contracts in progress3€706-
Stocks30/36€706-
Amounts receivable within one year40/41€47k€61k▲
Trade receivables40€47k€54k▲
Other amounts receivable41€537€7k▲
Cash at bank and in hand54/58€12k€1k▼
Deferred charges and accrued income490/1€439-
Equity and liabilities
Total equity and liabilities10/49€66k€69k▲
Equity10/15€8k€9k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€2k€3k▲
Amounts payable17/49€58k€60k▲
Amounts payable within one year42/48€58k€60k▲
Current portion of amounts payable after more than one year42€16k-
Financial debts43€165€197▲
Credit institutions430/8€165€197▲
Trade debts44€18k€19k▲
Suppliers440/4€18k€19k▲
Taxes, remuneration and social security45€23k€32k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€19k€25k▲
Other amounts payable47/48€639€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€732
Other operating charges640/8€149-
Gross operating margin9900€-2k€5k▲
Operating profit (loss)9901€-2k€4k▲
Financial income75/76B€65€1▼
Recurring financial income75€65€1▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€-3k€1k▲
Income taxes67/77€19-
Profit (loss) for the period9904€-3k€1k▲
Profit (loss) for the period to be appropriated9905€-3k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€3k▲
Profit (loss) brought forward from the previous period14P€5k€2k▼
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
21-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · HS BUSINESS SPRL RUE DES CHEMINOTS 7, 6001 MARCINELLE · event 17-06-2024
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Weakest financial yearnet €-56k ▼694%
Net result drops to €-56k, the lowest in the series.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.34
Current ratio from 0.61 to 1.34.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 449 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Charleroi · 1 establishment unit since 2016
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.
Rue des Cheminots 76001 CharleroiGround area
361 m²
Building footprint
115 m²
Volume, LiDAR
1,399 m³
2 parcels, Wallonia · tallest building 15.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HS BUSINESS
since 20162.304.064.655
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0243/00S017 | Wallonia | 221 m² | 1 · 72 m² | 15.3 m · 5 fl. |
| 52045A0227/00W000indicative | Wallonia | 139 m² | 1 · 43 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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 | MURIEL LAMBOT BOULEVARD MAYENCE 7,
6000 CHARLEROI- .
Date provisoire de cessation de paiement : 17/06/2024 |
17-06-2024 → present |
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 1,713 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.