HSE ENGINEERING
ActiveHSE ENGINEERING has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €18k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 9328 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+32
Solvency100=
Growth78▲+26
Stability94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 5.59 against 11.24 in 2024), and 17.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.1%
Return on assets
27.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
4 d early
2023
3 d early
2022
70 d late
2021
2 d early
← before the deadline
after the deadline →
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
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€55k▲ 50.7%
2024 · €36k
2021: €18k
2022: €28k
2023: €31k
2024: €36k
2021 → 2025
Total assets
€67k▲ 67.2%
2024 · €40k
2021: €23k
2022: €36k
2023: €33k
2024: €40k
2021 → 2025
Net result
€18k▲ 273%
2024 · €5k
2021: €13k
2022: €10k
2023: €4k
2024: €5k
2021 → 2025
Working capital
€55k▲ 50.7%
2024 · €36k
2021: €10k
2022: €23k
2023: €30k
2024: €36k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€28k▲ 53.1%€31k▲ 12.9%€36k▲ 15.7%€55k▲ 50.7%
Operating result€17k-€13k▼ 24.0%€5k▼ 58.4%€7k▲ 27.4%€26k▲ 277%
Net result€13k-€10k▼ 26.7%€4k▼ 62.8%€5k▲ 37.5%€18k▲ 273%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 277% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €67k
Equity
€55k▲ 50.7%
Debt
€12k▲ 236%
The debt ratio rises from 8.9% to 17.9%: debt grows faster than equity.
Key figures and ratios
Solvency
82.1%▼
2024 · 91.1%
Current ratio
5.59▼
2024 · 11.24
Quick ratio
5.59▼
2024 · 11.24
Debt / equity
0.22▲
2024 · 0.10
ROE
33.6%▲
2024 · 13.6%
ROA
27.6%▲
2024 · 12.4%
Debt
€12k▲
2024 · €4k
Debt ≤ 1 year
€12k▲
2024 · €4k
Income taxes
€8k▲
2024 · €2k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€40k€67k▲
Current assets29/58€40k€67k▲
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40€4k€2k▼
Cash at bank and in hand54/58€36k€64k▲
Deferred charges and accrued income490/1€467€471▲
Equity and liabilities
Total equity and liabilities10/49€40k€67k▲
Equity10/15€36k€55k▲
Contributions10/11€5k€5k=
Reserves13€31k€50k▲
Distributable reserves133€31k€50k▲
Amounts payable17/49€4k€12k▲
Amounts payable within one year42/48€4k€12k▲
Trade debts44€18€84▲
Suppliers440/4€18€84▲
Taxes, remuneration and social security45€3k€12k▲
Taxes450/3€3k€12k▲
Other amounts payable47/48€153€112▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k-
Other operating charges640/8€1k€983▼
Gross operating margin9900€10k€27k▲
Operating profit (loss)9901€7k€26k▲
Financial charges65/66B€144€128▼
Recurring financial charges65€144€128▼
Profit (loss) for the period before taxes9903€7k€26k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€5k€18k▲
Profit (loss) for the period to be appropriated9905€5k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€18k▲
Transfer to equity691/2€5k€18k▲
To other reserves6921€5k€18k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €18k ▲273%
Operating result €26k, net result €18k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €4k ▼62.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 18.21
Current ratio from 3.73 to 18.21; short-term debt falls from €9k to €2k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Genk · 1 establishment unit since 2020
Ground area
1,131 m²
Building footprint
166 m²
Volume, LiDAR
2,412 m³
Parcel 71303B0571/00R000, Flanders · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
HSE ENGINEERING
since 20202.311.437.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71303B0571/00R000 | Flanders | 1,131 m² | 1 · 166 m² | 21.1 m · 6 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.
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Of 11,491 companies in sector 71121 we hold annual accounts for 6,520. 4,922 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
70220Business consulting
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.