HS TRADING

Active

Private limited company (pre-2019)founded 200422 yrs activeKortrijkstraat 69, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0866.182.878

The computed 12-month bankruptcy probability of HS TRADING is 2.4% (moderate). The 2024 annual accounts show equity of €706 and a net result of €12k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 396 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

50 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability76▲+38

Solvency26▲+12

Growth66▲+1

Track record100

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 61

Relative position

BE, all sectors

reference

Sector 61

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

0.9%

Return on assets

15.6%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 396 sector peers (2024).

NBB · sector comparison

Position among 396 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

52 d late

2023

72 d late

2022

47 d late

2021

15 d late

2020

3 d early

2019

68 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€427k▲ 7.8%

2023 · €396k

2018: €364k 2019: €368k 2020: €605k 2021: €579k 2023: €396k

2018 → 2024

EBIT margin

2.9%▲ 2.9pp

2023 · 0.0%

2018: -0.8% 2019: -0.6% 2020: 0.8% 2021: 0.2% 2023: 0.0%

2018 → 2024

Net result

€12k▲ 29,254%

2023 · €41

2018: €-3k 2019: €-2k 2020: €4k 2021: €1k 2022: €4k 2023: €41

2018 → 2024

Working capital

€573

2023 · €-11k

2018: €-18k 2019: €-20k 2020: €-16k 2021: €-15k 2022: €-12k 2023: €-11k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€605k-€579k▼ 4.2%€396k€427k▲ 7.8%

Equity€-16k-€-15k▲ 7.8%€-11k▲ 23.7%€-11k▲ 0.4%€706

Operating result€5k-€1k▼ 72.3%€4k▲ 203%€91▼ 97.6%€12k▲ 13,391%

Net result€4k-€1k▼ 68.0%€4k▲ 180%€41▼ 98.8%€12k▲ 29,254%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 13,391% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €77k

99.8%

Fixed assets €133=

Current assets €77k▼ 25.8%

Equity and liabilities €77k

99.1%

Equity €706

Debt €77k

Debt finances 99.1% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

Solvency

0.9%▲

2023 · -10.9%

Current ratio

1.01▲

2023 · 0.90

Quick ratio

0.88▲

2023 · 0.51

ROA

15.6%▲

2023 · 0.0%

Debt

€77k▼

2023 · €115k

Debt ≤ 1 year

€77k▼

2023 · €115k

Equity ratios withheld: equity of €706 is too small for a meaningful ratio.

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€104k€77k▼

Fixed assets21/28€133€133=

Financial fixed assets28€133€133=

Current assets29/58€104k€77k▼

Stocks and contracts in progress3€45k€10k▼

Stocks30/36€45k€10k▼

Amounts receivable within one year40/41€46k€42k▼

Trade receivables40€12k€42k▲

Other amounts receivable41€34k-

Cash at bank and in hand54/58€4k€26k▲

Deferred charges and accrued income490/1€10k-

Equity and liabilities

Total equity and liabilities10/49€104k€77k▼

Equity10/15€-11k€706▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€-18k€-5k▲

Amounts payable17/49€115k€77k▼

Amounts payable within one year42/48€115k€77k▼

Trade debts44-€579

Suppliers440/4-€579

Taxes, remuneration and social security45€90k€58k▼

Taxes450/3€69k€36k▼

Remuneration and social security454/9€22k€22k=

Other amounts payable47/48€25k€18k▼

Income statement Code20232024

Turnover70€396k€427k▲

Goods, raw materials, services and sundry goods60/61€396k€415k▲

Other operating charges640/8€170€168▼

Gross operating margin9900€261€12k▲

Operating profit (loss)9901€91€12k▲

Financial charges65/66B€50€241▲

Recurring financial charges65€50€241▲

Profit (loss) for the period before taxes9903€41€12k▲

Profit (loss) for the period9904€41€12k▲

Profit (loss) for the period to be appropriated9905€41€12k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-18k€-5k▲

Profit (loss) brought forward from the previous period14P€-18k€-18k▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

21-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 52 days late

2024

31-12

Financial Highest result since 2018net €12k ▲29254%

Operating result €12k, net result €12k, both a record.

11-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 72 days late

2023

16-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 47 days late

2022

15-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 15 days late

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €4k

Net result €4k after 2 loss-making years.

07-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 68 days late

2019

12-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 12 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 31 days late

2017

26-10

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 87 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 31 days late

Financial 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, Sint-Jans-Molenbeek · 1 establishment unit since 2004

establishment The establishment unit on the map

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.

Kortrijkstraat 691080 Sint-Jans-Molenbeek

Ground area

110 m²

Building footprint

109 m²

Volume, LiDAR

2,138 m³

Parcel 21523B0771/00W000, Brussels · tallest building 22.5 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

HS TRADING

Kortrijkstraat 69, 1080 Sint-Jans-MolenbeekLogistics services

since 20042.138.790.612

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21523B0771/00W000	Brussels	110 m²	1 · 109 m²	22.5 m · 7 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Sint-Jans-Molenbeek2.138.790.612

1 permission

Toelating · Detailhandel · since 16-10-2013

Similar companies · same sector, comparable size

Of 1,376 companies in sector 61100 we hold annual accounts for 586. 44 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded06-07-2004

Fiscal year end31-12

Activities, NACEBEL

61100Wired, wireless and satellite telecommunications

61200Telecommunications resale and intermediation services

64200Holdings

47279Other retail sale of food

47299Retail trade

52272

61900Telecommunications

Sources

Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.