HSB-Group
ActiveSummary
HSB-Group has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.01M and a net result of €146k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 46% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-7
Solvency66▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.58 in 2023; short-term debt: 57.9% and cash: 4.1% of total assets), but 59.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
40.8%
Return on assets
5.9%
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 06-10-2025, 67 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 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
69 d late
2022
70 d late
2021
78 d late
2020
12 d late
2019
19 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.01M▲ 2.1%
2023 · €988k
2018: €315klowest in 7 years
2019: €411k▲ +30.5% vs 2018
2020: €633k▲ +53.8% vs 2019
2021: €790k▲ +24.9% vs 2020
2022: €951k▲ +20.4% vs 2021
2023: €988k▲ +3.8% vs 2022
2024: €1.01M▲ +2.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€2.47M▼ 2.4%
2023 · €2.53M
2018: €1.58Mlowest in 7 years
2019: €1.94M▲ +22.9% vs 2018
2020: €1.96M▲ +1.0% vs 2019
2021: €2.35M▲ +20.1% vs 2020
2022: €2.34M▼ -0.3% vs 2021
2023: €2.53M▲ +8.0% vs 2022highest in 7 years
2024: €2.47M▼ -2.4% vs 2023
2018 → 2024
Net result
€146k▼ 49.0%
2023 · €286k
2018: €8klowest in 7 years
2019: €246k▲ +2880% vs 2018
2020: €222k▼ -10.0% vs 2019
2021: €157k▼ -28.9% vs 2020
2022: €161k▲ +2.2% vs 2021
2023: €286k▲ +77.9% vs 2022highest in 7 years
2024: €146k▼ -49.0% vs 2023
2018 → 2024
Working capital
€786k▼ 9.4%
2023 · €868k
2018: €306klowest in 7 years
2019: €350k▲ +14.3% vs 2018
2020: €712k▲ +104% vs 2019
2021: €806k▲ +13.1% vs 2020
2022: €881k▲ +9.4% vs 2021highest in 7 years
2023: €868k▼ -1.5% vs 2022
2024: €786k▼ -9.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€633k-€790k▲ 24.9%€951k▲ 20.4%€988k▲ 3.8%€1.01M▲ 2.1%
2020: €633klowest in 5 years
2021: €790k▲ +24.9% vs 2020
2022: €951k▲ +20.4% vs 2021
2023: €988k▲ +3.8% vs 2022
2024: €1.01M▲ +2.1% vs 2023highest in 5 years
Operating result€305k-€237k▼ 22.2%€220k▼ 7.2%€378k▲ 71.6%€208k▼ 45.0%
2020: €305k
2021: €237k▼ -22.2% vs 2020
2022: €220k▼ -7.2% vs 2021
2023: €378k▲ +71.6% vs 2022highest in 5 years
2024: €208k▼ -45.0% vs 2023lowest in 5 years
Net result€222k-€157k▼ 28.9%€161k▲ 2.2%€286k▲ 77.9%€146k▼ 49.0%
2020: €222k
2021: €157k▼ -28.9% vs 2020
2022: €161k▲ +2.2% vs 2021
2023: €286k▲ +77.9% vs 2022highest in 5 years
2024: €146k▼ -49.0% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.47M
Fixed assets
€254k ▲ 67.9%
Current assets
€2.22M ▼ 6.8%
Equity and liabilities €2.47M
Equity
€1.01M ▲ 2.1%
Debt
€1.46M ▼ 5.2%
Debt's share of the balance-sheet total falls from 60.9% to 59.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€264k▼
2023 · €430k
Cash flow
€202k▼
2023 · €338k
Current ratio
1.55▼
2023 · 1.58
Quick ratio
0.57▼
2023 · 0.74
Debt to equity
1.45▼
2023 · 1.56
ROE
14.5%▼
2023 · 29.0%
ROA
5.9%▼
2023 · 11.3%
Interest coverage
16.53▼
2023 · 25.46
Debt ≤ 1 year
€1.43M▼
2023 · €1.51M
Debt > 1 year
€31k▼
2023 · €32k
Income taxes
€52k▼
2023 · €78k
Staff costs
€516k▲
2023 · €428k
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 · 2024 against 2023 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.53M€2.47M▼
Fixed assets21/28€151k€254k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€147k€254k▲
Land and buildings22€0€0▼
Plant, machinery and equipment23€24k€20k▼
Furniture and vehicles24€79k€131k▲
Other tangible fixed assets26€44k€103k▲
Financial fixed assets28€4k€0▼
Current assets29/58€2.38M€2.22M▼
Amounts receivable after more than one year29-€40k
Other amounts receivable291-€40k
Stocks and contracts in progress3€1.27M€1.40M▲
Stocks30/36€1.27M€1.40M▲
Amounts receivable within one year40/41€1.00M€662k▼
Trade receivables40€893k€533k▼
Other amounts receivable41€108k€129k▲
Cash at bank and in hand54/58€109k€101k▼
Deferred charges and accrued income490/1€2k€13k▲
Equity and liabilities
Total equity and liabilities10/49€2.53M€2.47M▼
Equity10/15€988k€1.01M▲
Contributions10/11€8k€8k=
Reserves13€980k€1.00M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€978k€999k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.54M€1.46M▼
Amounts payable after more than one year17€32k€31k▼
Financial debts170/4€32k€31k▼
Amounts payable within one year42/48€1.51M€1.43M▼
Current portion of amounts payable after more than one year42€79k€55k▼
Financial debts43€300k€170k▼
Credit institutions430/8€300k€170k▼
Other loans439€0-
Trade debts44€696k€696k▲
Suppliers440/4€696k€696k▲
Taxes, remuneration and social security45€183k€183k=
Taxes450/3€102k€94k▼
Remuneration and social security454/9€81k€89k▲
Other amounts payable47/48€252k€325k▲
Income statement
Code20232024
Remuneration, social security and pensions62€428k€516k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€56k▲
Other operating charges640/8€13k€13k▼
Gross operating margin9900€871k€792k▼
Operating profit (loss)9901€378k€208k▼
Financial income75/76B€3k€6k▲
Recurring financial income75€3k€6k▲
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€364k€198k▼
Income taxes67/77€78k€52k▼
Profit (loss) for the period9904€286k€146k▼
Profit (loss) for the period to be appropriated9905€286k€146k▼
Appropriation of the result
Profit (loss) to be appropriated9906€286k€146k▼
Transfer to equity691/2€36k€21k▼
To other reserves6921€36k€21k▼
Profit to be distributed694/7€250k€125k▼
Return on contributions (dividend)694€150k€125k▼
Directors or managers695€100k€0▼
Social balance
Average headcount (FTE)90878.28.9▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €371k | €356k | €428k | €516k | ▲ 20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66k | €58k | €45k | €52k | €56k | ▲ 8.5% |
| Other operating charges640/8 | - | €11k | €11k | €13k | €13k | ▼ 6.8% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €632k | €678k | €632k | €871k | €792k | ▼ 9.1% |
| Operating profit (loss)9901 | €305k | €237k | €220k | €378k | €208k | ▼ 45.0% |
| Financial income75/76B | - | €3k | €2k | €3k | €6k | ▲ 119% |
| Recurring financial income75 | €4k | €3k | €2k | €3k | €6k | ▲ 119% |
| Financial charges65/66B | - | €18k | €9k | €17k | €16k | ▼ 5.4% |
| Recurring financial charges65 | €10k | €12k | €9k | €17k | €16k | ▼ 5.4% |
| Non-recurring financial charges66B | - | €6k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €299k | €223k | €214k | €364k | €198k | ▼ 45.6% |
| Income taxes67/77 | €78k | €66k | €53k | €78k | €52k | ▼ 32.8% |
| Profit (loss) for the period9904 | €222k | €157k | €161k | €286k | €146k | ▼ 49.0% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €231k | €157k | €161k | €286k | €146k | ▼ 49.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.96M | €2.35M | €2.34M | €2.53M | €2.47M | ▼ 2.4% |
| Fixed assets21/28 | €124k | €130k | €169k | €151k | €254k | ▲ 67.9% |
| Intangible fixed assets21 | €16k | €5k | €3k | €0 | - | - |
| Tangible fixed assets22/27 | €108k | €121k | €163k | €147k | €254k | ▲ 72.4% |
| Land and buildings22 | - | €2k | €257 | €0 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €47k | €32k | €24k | €20k | ▼ 15.0% |
| Furniture and vehicles24 | - | €52k | €101k | €79k | €131k | ▲ 65.7% |
| Other tangible fixed assets26 | - | €21k | €30k | €44k | €103k | ▲ 132% |
| Financial fixed assets28 | - | €4k | €4k | €4k | €0 | ▼ 100% |
| Current assets29/58 | €1.83M | €2.22M | €2.17M | €2.38M | €2.22M | ▼ 6.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €40k | - |
| Other amounts receivable291 | - | - | - | - | €40k | - |
| Stocks and contracts in progress3 | €1.18M | €1.19M | €1.22M | €1.27M | €1.40M | ▲ 10.5% |
| Stocks30/36 | - | €1.19M | €1.22M | €1.27M | €1.40M | ▲ 10.5% |
| Amounts receivable within one year40/41 | €601k | €818k | €890k | €1.00M | €662k | ▼ 33.9% |
| Trade receivables40 | - | €759k | €782k | €893k | €533k | ▼ 40.3% |
| Other amounts receivable41 | - | €58k | €109k | €108k | €129k | ▲ 19.1% |
| Cash at bank and in hand54/58 | €48k | €216k | €62k | €109k | €101k | ▼ 6.8% |
| Deferred charges and accrued income490/1 | - | €0 | - | €2k | €13k | ▲ 569% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.96M | €2.35M | €2.34M | €2.53M | €2.47M | ▼ 2.4% |
| Equity10/15 | €633k | €790k | €951k | €988k | €1.01M | ▲ 2.1% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Reserves13 | €625k | €783k | €944k | €980k | €1.00M | ▲ 2.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €781k | €942k | €978k | €999k | ▲ 2.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €1.32M | €1.56M | €1.39M | €1.54M | €1.46M | ▼ 5.2% |
| Amounts payable after more than one year17 | €203k | €146k | €99k | €32k | €31k | ▼ 1.0% |
| Financial debts170/4 | - | €146k | €99k | €32k | €31k | ▼ 1.0% |
| Amounts payable within one year42/48 | €1.12M | €1.41M | €1.29M | €1.51M | €1.43M | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | - | €103k | €127k | €79k | €55k | ▼ 29.9% |
| Financial debts43 | - | €300k | €300k | €300k | €170k | ▼ 43.3% |
| Credit institutions430/8 | - | - | - | €300k | €170k | ▼ 43.3% |
| Other loans439 | - | €300k | €300k | €0 | - | - |
| Trade debts44 | €501k | €816k | €705k | €696k | €696k | ▲ 0.1% |
| Suppliers440/4 | - | €816k | €705k | €696k | €696k | ▲ 0.1% |
| Taxes, remuneration and social security45 | - | €195k | €157k | €183k | €183k | = |
| Taxes450/3 | - | €101k | €93k | €102k | €94k | ▼ 8.1% |
| Remuneration and social security454/9 | - | €93k | €64k | €81k | €89k | ▲ 10.1% |
| Other amounts payable47/48 | - | €0 | €2k | €252k | €325k | ▲ 29.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €222k | €157k | €161k | €286k | €146k | ▼ 49.0% |
| + Depreciation and write-downs630 | €66k | €58k | €45k | €52k | €56k | ▲ 8.5% |
| Operating cash flow (approximation) | €288k | €216k | €206k | €338k | €202k | ▼ 40.2% |
| Investment in fixed assets (approximation) | - | €-65k | €-84k | €-34k | €-159k | ▼ 371% |
| Change in cash | - | €169k | €-154k | €47k | €-7k | ▼ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
2024
31-12
Financial
Equity above €1MEq €1.01M ▲2.1%
7 profitable years in a row build equity to €1.01M.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-12
Financial
Highest result since 2018net €286k ▲77.9%
Operating result €378k, net result €286k, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
31-12
Financial
Equity above €500kEq €633k ▲53.8%
3 profitable years in a row build equity to €633k.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Beerse · 1 establishment unit since 1998
Ground area
1.2 ha
Building footprint
4,560 m²
Parcel 13004D0176/00V032, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
HOEVESERVICE
since 19982.087.946.081
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004D0176/00V032 | Flanders | 1.2 ha | 1 · 4,560 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 29,359 EUR awarded · 29,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 9,594 EUR | 9,594 EUR |
| 2024 | 3 | 7,372 EUR | 7,372 EUR |
| 2023 | 1 | 6,676 EUR | 6,676 EUR |
| 2022 | 2 | 5,717 EUR | 5,492 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeerse2.087.946.081
Dual-learning approval
6 endedAanvuller (so)
Kassier (so)
Verkoper (so)
Winkelbediende (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 689 companies in sector 46216 we hold annual accounts for 476. 395 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
Founded23-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46216Wholesale of agricultural produce and animal feed, general range
46382Wholesale trade
46610Wholesale trade
46110Wholesale trade
46442Wholesale trade
46713Wholesale trade
47761Retail sale of flowers, plants, seeds and fertilisers
Scores and ratios are computed by Checked and are not a credit decision.