HS GROUP
Open bankruptcyA bankruptcy procedure is open for HS GROUP according to publications in the Belgian State Gazette; curator: SOPHIE HUART.
Summary
The file additionally contains 1 judicial reorganisation. The 2021 annual accounts show equity of €1.03M and a net result of €-100k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€-100k
2020 · €229k
2019: €-508k
2020: €229k
2019 → 2021
Working capital
€-1.19M▼ 11.5%
2020 · €-1.07M
2019: €-1.27M
2020: €-1.07M
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€0-
Equity€897k-€1.13M▲ 25.6%€1.03M▼ 8.9%
Operating result€-288k-€240k€-34k
Net result€-508k-€229k€-100k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €34k after €240k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.76M
Fixed assets
€3.01M ▼ 2.8%
Current assets
€1.75M ▲ 26.2%
Equity and liabilities €4.76M
Equity
€1.03M ▼ 8.9%
Debt
€3.73M ▲ 11.2%
Debt's share of the balance-sheet total rises from 74.9% to 78.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€59k▼
2020 · €333k
Cash flow
€-7k▼
2020 · €322k
Current ratio
0.60▲
2020 · 0.57
Debt to equity
3.64▲
2020 · 0.80
ROE
-9.8%▼
2020 · 20.4%
ROA
-2.1%▼
2020 · 5.1%
Interest coverage
0.44
Debt ≤ 1 year
€2.94M▲
2020 · €2.45M
Debt > 1 year
€794k▼
2020 · €903k
Staff costs
€59k
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 · 2021 against 2020 · 49 lines
Balance sheet
Code20202021
Assets
Total assets20/58€4.48M€4.76M▲
Fixed assets21/28€3.09M€3.01M▼
Tangible fixed assets22/27€1.61M€1.52M▼
Land and buildings22-€309k
Plant, machinery and equipment23-€299
Furniture and vehicles24-€3k
Leasing and similar rights25-€1.05M
Other tangible fixed assets26-€164k
Financial fixed assets28€1.48M€1.48M=
Current assets29/58€1.39M€1.75M▲
Amounts receivable after more than one year29-€146k
Other amounts receivable291-€146k
Amounts receivable within one year40/41€1.39M€1.60M▲
Trade receivables40-€329k
Other amounts receivable41-€1.27M
Cash at bank and in hand54/58€692€4k▲
Equity and liabilities
Total equity and liabilities10/49€4.48M€4.76M▲
Equity10/15€1.13M€1.03M▼
Contributions10/11€1.49M€1.49M=
Capital10-€1.49M
Issued capital100-€1.49M
Reserves13€4k€4k=
Non-distributable reserves130/1-€4k
Legal reserve130-€4k
Profit (loss) carried forward14€-363k€-463k▼
Amounts payable17/49€3.36M€3.73M▲
Amounts payable after more than one year17€903k€794k▼
Financial debts170/4-€794k
Amounts payable within one year42/48€2.45M€2.94M▲
Current portion of amounts payable after more than one year42-€108k
Taxes, remuneration and social security45-€264k
Taxes450/3-€138k
Remuneration and social security454/9-€127k
Other amounts payable47/48-€2.57M
Income statement
Code20202021
Remuneration, social security and pensions62-€59k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€93k▼
Other operating charges640/8-€62k
Gross operating margin9900€512k€180k▼
Operating profit (loss)9901€240k€-34k▼
Financial income75/76B-€67k
Recurring financial income75€37k€67k▲
Financial charges65/66B-€133k
Recurring financial charges65€48k€133k▲
Profit (loss) for the period before taxes9903€229k€-100k▼
Profit (loss) for the period9904€229k€-100k▼
Profit (loss) for the period to be appropriated9905€229k€-100k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-463k
Profit (loss) brought forward from the previous period14P-€-363k
Social balance
Average headcount (FTE)9087-2.7
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
10-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · HS GROUP SA RUE COLONEL BOURG 107, 1140 EVERE · event 30-01-2023
2022
17-11
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collectif · event 09-11-2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 310 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 297 days late
2020
31-03
Financial
Back to profitnet €229k
Net result €229k after one loss-making year.
31-03
Financial
Equity above €1MEq €1.13M ▲25.6%
Equity rises from €897k to €1.13M.
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
2017
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 32 days late
2014
01-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 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, Evere · 1 establishment unit since 2006
Ground area
1,262 m²
Building footprint
519 m²
Volume, LiDAR
7,872 m³
Parcel 21372C0131/00W000, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
HS-MC
since 20062.151.411.203
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0131/00W000 | Brussels | 1,262 m² | 1 · 519 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 | SOPHIE HUART CHAUSSEE DE WATERLOO 880,
1000 BRUXELLES |
30-01-2023 → present |
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-01-2006
Fiscal year end31-03
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.