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HSE PRO

Active
Private limited companyfounded 20224 yrs activeKronenburgstraat 3, 2000 Antwerpen, BelgiumKBO/BCE: BE 0788.601.981
Summary

The computed 12-month bankruptcy probability of HSE PRO is 2.6% (moderate). The 2025 annual accounts show equity of €55,023 and a net result of -€19,375. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 79% of 733 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency95▲+10
Growth35▼-24
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 3.37 against 2.51 in 2024; short-term debt: 29.6% and cash: 13% of total assets), and 29.6% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2025
Solvency, return and age of the figures
Solvency
70.4%
Return on assets
-24.8%
Age of the figures
9 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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
31 d early
2024
6 d late
2023
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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. Usually files around 9 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 14 July 2022, HSE PRO was incorporated as a Private limited company.1 Revenue went from EUR 147,481 in 2023 to EUR 67,076 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€67,076▼ 53.0%
2024 · €142,800
EBIT margin
-26.4%▼ 68.0pp
2024 · 41.6%
Net result
-€19,375
2024 · €44,706
Working capital
€54,737▼ 25.9%
2024 · €73,827
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Turnover€147,481-€142,800▼ 3.2%€67,076▼ 53.0%
Operating result€38,764-€59,409▲ 53.3%-€17,728
Net result€27,192within the sector's middle half-€44,706above the sector's middle half▲ 64.4%-€19,375below the sector's middle half
EBIT margin26.3%-41.6%▲ 15.3pp-26.4%▼ 68.0pp
Equity€29,692within the sector's middle half-€74,398within the sector's middle half▲ 151%€55,023below the sector's middle half▼ 26.0%
Total assets€54,415below the sector's middle half-€123,133within the sector's middle half▲ 126%€78,109below the sector's middle half▼ 36.6%
Debt€24,723-€48,735▲ 97.1%€23,086▼ 52.6%
Working capital€29,208within the sector's middle half-€73,827within the sector's middle half▲ 153%€54,737within the sector's middle half▼ 25.9%
Solvency54.6%within the sector's middle half-60.4%within the sector's middle half▲ 5.9pp70.4%above the sector's middle half▲ 10.0pp
Current ratio2.18within the sector's middle half-2.51within the sector's middle half▲ 0.333.37above the sector's middle half▲ 0.86
Return on assets (ROA)50.0%above the sector's middle half-36.3%above the sector's middle half▼ 13.7pp-24.8%below the sector's middle half▼ 61.1pp
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2023: €38,764€38,764Net result 2023: €27,192€27,192Operating result 2024: €59,409€59,409Net result 2024: €44,706€44,706Operating result 2025: -€17,728-€17,728Net result 2025: -€19,375-€19,375202320242025-€20,000€0€20,000€40,000€60,000Operating result 2023: €38,764€38,800Net result 2023: €27,192€27,200Operating result 2024: €59,409€59,400Net result 2024: €44,706€44,700Operating result 2025: -€17,728-€17,700Net result 2025: -€19,375-€19,400202320242025
The operating result turns negative in 2025: a loss of €17,728 after €59,409 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78,109
Fixed assets €286 ▼ 50.0%
Current assets €77,823 ▼ 36.5%
Equity and liabilities €78,109
Equity €55,023 ▼ 26.0%
Debt €23,086 ▼ 52.6%
Debt's share of the balance-sheet total falls from 39.6% to 29.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€17,442▼
2024 · €60,179
Cash flow
-€19,089▼
2024 · €45,476
Debt to equity
0.42▼
2024 · 0.66
ROE
-35.2%▼
2024 · 60.1%
Interest coverage
-10.59▼
2024 · 59.51
Debt ≤ 1 year
€23,086▼
2024 · €48,735
Staff costs
€3,195▲
2024 · €223
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.3% went bankrupt
8.7% stopped otherwise
88% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,225 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€123,133€78,109▼
Fixed assets21/28€571€286▼
Tangible fixed assets22/27€571€286▼
Plant, machinery and equipment23€571€286▼
Current assets29/58€122,561€77,823▼
Amounts receivable within one year40/41€114,520€67,687▼
Trade receivables40€24,696€1,076▼
Other amounts receivable41€89,825€66,611▼
Cash at bank and in hand54/58€8,041€10,136▲
Equity and liabilities
Total equity and liabilities10/49€123,133€78,109▼
Equity10/15€74,398€55,023▼
Contributions10/11€2,500€2,500=
Outside capital11€2,500€2,500=
Other1109/19€2,500€2,500=
Profit (loss) carried forward14€71,898€52,523▼
Amounts payable17/49€48,735€23,086▼
Amounts payable within one year42/48€48,735€23,086▼
Trade debts44€19,349-
Suppliers440/4€19,349-
Taxes, remuneration and social security45€29,386€23,086▼
Taxes450/3€29,386€23,086▼
Income statement Code20242025
Turnover70€142,800€67,076▼
Goods, raw materials, services and sundry goods60/61€95,305€85,497▼
Remuneration, social security and pensions62€223€3,195▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€769€286▼
Other operating charges640/8€1,607€894▼
Gross operating margin9900€62,009-€13,353▼
Operating profit (loss)9901€59,409-€17,728▼
Financial charges65/66B€1,011€1,647▲
Recurring financial charges65€1,011€1,647▲
Profit (loss) for the period before taxes9903€58,398-€19,375▼
Income taxes67/77€13,692-
Profit (loss) for the period9904€44,706-€19,375▼
Profit (loss) for the period to be appropriated9905€44,706-€19,375▼
Appropriation of the result
Profit (loss) to be appropriated9906€71,898€52,523▼
Profit (loss) brought forward from the previous period14P€27,192€71,898▲

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

Line202320242025Change
Turnover70€147,481€142,800€67,076▼ 53.0%
Goods, raw materials, services and sundry goods60/61€110,224€95,305€85,497▼ 10.3%
Remuneration, social security and pensions62€1,347€223€3,195▲ 1,331%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,302€769€286▼ 62.9%
Other operating charges640/8€921€1,607€894▼ 44.4%
Gross operating margin9900€42,335€62,009-€13,353▼ 122%
Operating profit (loss)9901€38,764€59,409-€17,728▼ 130%
Financial income75/76B€15---
Recurring financial income75€15---
Financial charges65/66B€103€1,011€1,647▲ 62.9%
Recurring financial charges65€103€1,011€1,647▲ 62.9%
Profit (loss) for the period before taxes9903€38,676€58,398-€19,375▼ 133%
Income taxes67/77€11,484€13,692--
Profit (loss) for the period9904€27,192€44,706-€19,375▼ 143%
Profit (loss) for the period to be appropriated9905€27,192€44,706-€19,375▼ 143%
Line202320242025Change
Assets
Total assets20/58€54,415€123,133€78,109▼ 36.6%
Formation expenses20€484---
Fixed assets21/28-€571€286▼ 50.0%
Tangible fixed assets22/27-€571€286▼ 50.0%
Plant, machinery and equipment23-€571€286▼ 50.0%
Current assets29/58€53,931€122,561€77,823▼ 36.5%
Amounts receivable within one year40/41€51,030€114,520€67,687▼ 40.9%
Trade receivables40€13,045€24,696€1,076▼ 95.6%
Other amounts receivable41€37,985€89,825€66,611▼ 25.8%
Cash at bank and in hand54/58€2,901€8,041€10,136▲ 26.1%
Equity and liabilities
Total equity and liabilities10/49€54,415€123,133€78,109▼ 36.6%
Equity10/15€29,692€74,398€55,023▼ 26.0%
Contributions10/11€2,500€2,500€2,500=
Outside capital11€2,500€2,500€2,500=
Other1109/19€2,500€2,500€2,500=
Profit (loss) carried forward14€27,192€71,898€52,523▼ 26.9%
Amounts payable17/49€24,723€48,735€23,086▼ 52.6%
Amounts payable within one year42/48€24,723€48,735€23,086▼ 52.6%
Trade debts44€12,500€19,349--
Suppliers440/4€12,500€19,349--
Taxes, remuneration and social security45€12,223€29,386€23,086▼ 21.4%
Taxes450/3€12,223€29,386€23,086▼ 21.4%
Line202320242025Change
Profit (loss) for the period9904€27,192€44,706-€19,375▼ 143%
+ Depreciation and write-downs630€1,302€769€286▼ 62.9%
Operating cash flow (approximation)€28,494€45,476-€19,089▼ 142%
Investment in fixed assets (approximation)--€0-
Change in cash-€5,140€2,095▼ 59.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€19,375
Net result drops to -€19,375, the lowest in the series.
06-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial Highest result since 2023net €44,706 ▲64.4%
Operating result €59,409, net result €44,706, both a record.
08-07
NBB filing Annual accounts filed
fiscal year 2023 · 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, Antwerpen · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
99 m²
Building footprint
83 m²
Volume, LiDAR
850 m³
Parcel 11804D2478/00G000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HSE PRO
Kronenburgstraat 3, 2000 AntwerpenWarehousing and support activities for transportation
since 20222.333.653.615
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11804D2478/00G000 Flanders 99 m² 1 · 83 m² 11.9 m · 3 fl.
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

2025 · 1 entry · 1,160 EUR awarded
Year Entries awardedpaid
2025 1 1,160 EUR0 EUR
Schemes
1 entry · 1,160 EUR · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 527 companies in sector 52230 we hold annual accounts for 278. 193 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
Founded14-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
52230Warehousing and support activities for transportation
74999Other professional, scientific and technical activities
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788601981
Registered 29-04-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.