HS CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of HS CONCEPT is 2.8% (moderate). The 2024 annual accounts show equity of €20k and a net result of €10k. Its solvency ranks better than 45% of 9982 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability92
Solvency63
Growth-
Track record79
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.15; short-term debt: 62.2% and cash: 2.7% of total assets), and 62.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
37.8%
Return on assets
18.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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 · 1 filingDeviation from the deadline
2024
76 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€20k
Total assets
€53k
Net result
€10k
Working capital
€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €53k
Fixed assets
€15k
Current assets
€38k
Equity and liabilities €53k
Equity
€20k
Debt
€33k
Debt finances 62.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€16k
Cash flow
€13k
Current ratio
1.15
Debt to equity
1.65
ROE
50.1%
ROA
18.9%
Interest coverage
18.57
Debt ≤ 1 year
€33k
Income taxes
€2k
Staff costs
€705
Annual accounts
| Line | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €705 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k |
| Other operating charges640/8 | €1k |
| Gross operating margin9900 | €18k |
| Operating profit (loss)9901 | €13k |
| Financial income75/76B | €85 |
| Recurring financial income75 | €85 |
| Financial charges65/66B | €859 |
| Recurring financial charges65 | €859 |
| Profit (loss) for the period before taxes9903 | €12k |
| Income taxes67/77 | €2k |
| Profit (loss) for the period9904 | €10k |
| Profit (loss) for the period to be appropriated9905 | €10k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €53k | |
| Fixed assets21/28 | €15k | |
| Tangible fixed assets22/27 | €15k | |
| Plant, machinery and equipment23 | €15k | |
| Current assets29/58 | €38k | |
| Amounts receivable within one year40/41 | €37k | |
| Trade receivables40 | €35k | |
| Other amounts receivable41 | €2k | |
| Cash at bank and in hand54/58 | €1k | |
| Deferred charges and accrued income490/1 | €30 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €53k | |
| Equity10/15 | €20k | |
| Contributions10/11 | €10k | |
| Profit (loss) carried forward14 | €10k | |
| Amounts payable17/49 | €33k | |
| Amounts payable within one year42/48 | €33k | |
| Trade debts44 | €30k | |
| Suppliers440/4 | €30k | |
| Taxes, remuneration and social security45 | €3k | |
| Taxes450/3 | €3k | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €10k |
| + Depreciation and write-downs630 | €3k |
| Operating cash flow (approximation) | €13k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Aalst · 1 establishment unit since 2023
Ground area
752 m²
Building footprint
127 m²
Volume, LiDAR
734 m³
Parcel 41042C0322/00V003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HS CONCEPT
since 20232.344.325.494
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042C0322/00V003 | Flanders | 751 m² | 1 · 127 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 11,545 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43211General electrical installation work
43221Plumbing work
Contact
E-mail
nazim.hs@icloud.com
Phone
+32499724774
Scores and ratios are computed by Checked and are not a credit decision.