HSC
ActiveSummary
The computed 12-month bankruptcy probability of HSC is 3.7% (moderate). The annual accounts of HSC for fiscal year 2025 show a net loss of 137% of total assets and of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €2,906 and a net result of -€9,248. Its solvency ranks better than 45% of 28051 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-82
Solvency68▼-17
Growth32
Track record82
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.85 against 2.22 in 2024; short-term debt: 57.1% and cash: 10.7% of total assets), and 57.1% 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 · Young company
A young company has little track record yet and statistically fails more often than an established 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2025Solvency, return and age of the figures
Solvency
42.9%
Return on assets
-136.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 2 filingsDeviation from the deadline
2025
13 d late
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,906▼ 76.1%
2024 · €12,153
Total assets
€6,773▼ 66.6%
2024 · €20,295
Net result
-€9,248
2024 · €2,153
Working capital
-€588
2024 · €9,900
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€3,168--€8,931
Net result€2,153--€9,248
Equity€12,153-€2,906▼ 76.1%
Total assets€20,295-€6,773▼ 66.6%
Debt€8,142-€3,868▼ 52.5%
Working capital€9,900--€588
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8,931 after €3,168 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,773
Fixed assets
€3,494 ▲ 55.1%
Current assets
€3,279 ▼ 81.8%
Equity and liabilities €6,773
Equity
€2,906 ▼ 76.1%
Debt
€3,868 ▼ 52.5%
Debt's share of the balance-sheet total rises from 40.1% to 57.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,672▼
2024 · €4,115
Cash flow
-€6,988▼
2024 · €3,100
Current ratio
0.85▼
2024 · 2.22
Debt to equity
1.33▲
2024 · 0.67
ROE
-318.3%▼
2024 · 17.7%
ROA
-136.5%▼
2024 · 10.6%
Interest coverage
-21.02▼
2024 · 70.26
Debt ≤ 1 year
€3,868▼
2024 · €8,142
Staff costs
€182▼
2024 · €513
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €513 | €182 | ▼ 64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €947 | €2,259 | ▲ 139% |
| Other operating charges640/8 | €120 | €500 | ▲ 316% |
| Gross operating margin9900 | €4,747 | -€5,990 | ▼ 226% |
| Operating profit (loss)9901 | €3,168 | -€8,931 | ▼ 382% |
| Financial income75/76B | €0 | €1 | ▲ 3,100% |
| Recurring financial income75 | €0 | €1 | ▲ 3,100% |
| Financial charges65/66B | €59 | €317 | ▲ 442% |
| Recurring financial charges65 | €59 | €317 | ▲ 442% |
| Profit (loss) for the period before taxes9903 | €3,109 | -€9,248 | ▼ 397% |
| Income taxes67/77 | €956 | - | - |
| Profit (loss) for the period9904 | €2,153 | -€9,248 | ▼ 530% |
| Profit (loss) for the period to be appropriated9905 | €2,153 | -€9,248 | ▼ 530% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20,295 | €6,773 | ▼ 66.6% |
| Fixed assets21/28 | €2,253 | €3,494 | ▲ 55.1% |
| Tangible fixed assets22/27 | €2,253 | €3,494 | ▲ 55.1% |
| Furniture and vehicles24 | €2,253 | €3,494 | ▲ 55.1% |
| Current assets29/58 | €18,042 | €3,279 | ▼ 81.8% |
| Amounts receivable within one year40/41 | €5,361 | €2,536 | ▼ 52.7% |
| Trade receivables40 | €5,361 | €692 | ▼ 87.1% |
| Other amounts receivable41 | - | €1,844 | - |
| Cash at bank and in hand54/58 | €12,464 | €727 | ▼ 94.2% |
| Deferred charges and accrued income490/1 | €216 | €17 | ▼ 92.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20,295 | €6,773 | ▼ 66.6% |
| Equity10/15 | €12,153 | €2,906 | ▼ 76.1% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €2,153 | -€7,094 | ▼ 430% |
| Amounts payable17/49 | €8,142 | €3,868 | ▼ 52.5% |
| Amounts payable within one year42/48 | €8,142 | €3,868 | ▼ 52.5% |
| Trade debts44 | €4,214 | €2,075 | ▼ 50.8% |
| Suppliers440/4 | €4,214 | €2,075 | ▼ 50.8% |
| Taxes, remuneration and social security45 | €2,986 | €957 | ▼ 68.0% |
| Taxes450/3 | €2,986 | €957 | ▼ 68.0% |
| Other amounts payable47/48 | €942 | €836 | ▼ 11.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,153 | -€9,248 | ▼ 530% |
| + Depreciation and write-downs630 | €947 | €2,259 | ▲ 139% |
| Operating cash flow (approximation) | €3,100 | -€6,988 | ▼ 325% |
| Investment in fixed assets (approximation) | - | -€3,500 | - |
| Change in cash | - | -€11,738 | - |
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
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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, Wijnegem · 1 establishment unit since 2024
Ground area
2,889 m²
Building footprint
81 m²
Volume, LiDAR
15 m³
Parcel 11050A0779/00A000, Flanders · tallest building 1.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rimas
since 20242.357.783.651
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0779/00A000 | Flanders | 2,889 m² | 1 · 81 m² | 1.2 m |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWijnegem2.357.783.651
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Of 9,536 companies in sector 43222 we hold annual accounts for 5,667. 1,015 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
Founded27-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
43212Electrical installation work in industrial facilities
Scores and ratios are computed by Checked and are not a credit decision.