HSFD
ActiveHSFD has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €613k and a net result of €86k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+25
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 45.74 against 80.07 in 2024; short-term debt: 2.1% and cash: 27.3% of total assets), and 2.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
97.8%
Return on assets
13.7%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-11-2025, 67 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
67 d early
2024
70 d early
2023
82 d early
2022
78 d early
2021
66 d early
2020
62 d early
2019
77 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€613k▲ 16.3%
2024 · €527k
2019: €259k
2020: €320k
2021: €357k
2022: €417k
2023: €476k
2024: €527k
2019 → 2025
Total assets
€627k▲ 17.3%
2024 · €534k
2019: €267k
2020: €324k
2021: €366k
2022: €419k
2023: €481k
2024: €534k
2019 → 2025
Net result
€86k▲ 68.1%
2024 · €51k
2019: €52k
2020: €61k
2021: €37k
2022: €60k
2023: €59k
2024: €51k
2019 → 2025
Working capital
€602k▲ 15.4%
2024 · €521k
2019: €259k
2020: €319k
2021: €350k
2022: €387k
2023: €459k
2024: €521k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€357k-€417k▲ 16.8%€476k▲ 14.3%€527k▲ 10.7%€613k▲ 16.3%
Operating result€40k-€95k▲ 141%€80k▼ 16.4%€40k▼ 50.2%€115k▲ 190%
Net result€37k-€60k▲ 62.0%€59k▼ 0.6%€51k▼ 14.0%€86k▲ 68.1%
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 2025; 2025 is 190% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €627k
Fixed assets
€12k▲ 93.1%
Current assets
€615k▲ 16.5%
Equity and liabilities €627k
Equity
€613k▲ 16.3%
Debt
€13k▲ 95.9%
The debt ratio rises from 1.3% to 2.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€117k▲
2024 · €51k
Cash flow
€88k▲
2024 · €63k
Solvency
97.8%▼
2024 · 98.7%
Current ratio
45.74▼
2024 · 80.07
Quick ratio
45.74▼
2024 · 80.07
Debt / equity
0.02▲
2024 · 0.01
ROE
14.0%▲
2024 · 9.7%
ROA
13.7%▲
2024 · 9.6%
Interest coverage
36.32▲
2024 · -4.18
Debt
€13k▲
2024 · €7k
Debt ≤ 1 year
€13k▲
2024 · €7k
Income taxes
€36k▲
2024 · €19k
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€534k€627k▲
Fixed assets21/28€6k€12k▲
Tangible fixed assets22/27€6k€12k▲
Furniture and vehicles24€44€2k▲
Other tangible fixed assets26€6k€9k▲
Financial fixed assets28€30-
Current assets29/58€528k€615k▲
Amounts receivable within one year40/41€50k€39k▼
Trade receivables40€46k€38k▼
Other amounts receivable41€3k€1k▼
Current investments50/53€337k€403k▲
Cash at bank and in hand54/58€140k€171k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€534k€627k▲
Equity10/15€527k€613k▲
Contributions10/11€12k€12k=
Reserves13€515k€601k▲
Distributable reserves133€515k€601k▲
Amounts payable17/49€7k€13k▲
Amounts payable within one year42/48€7k€13k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€5k€10k▲
Other amounts payable47/48€81€2k▲
Accrued charges and deferred income492/3€292€48▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€2k▼
Other operating charges640/8€680€801▲
Gross operating margin9900€52k€118k▲
Operating profit (loss)9901€40k€115k▲
Financial income75/76B€18k€10k▼
Recurring financial income75€18k€10k▼
Financial charges65/66B€-12k€3k▲
Recurring financial charges65€-12k€3k▲
Profit (loss) for the period before taxes9903€70k€122k▲
Income taxes67/77€19k€36k▲
Profit (loss) for the period9904€51k€86k▲
Profit (loss) for the period to be appropriated9905€51k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€86k▲
Transfer to equity691/2€51k€86k▲
To other reserves6921€51k€86k▲
The notes to these accounts (6 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
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €86k ▲68.1%
Operating result €115k, net result €86k, both a record.
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €500kEq €527k ▲10.7%
6 profitable years in a row build equity to €527k.
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 171.60
Current ratio from 59.42 to 171.60; short-term debt falls from €6k to €2k.
2021
26-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €37k ▼39.3%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 81.85
Current ratio from 36.59 to 81.85; short-term debt falls from €7k to €4k.
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Mechelen · 1 establishment unit since 2014
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.
Tivolilaan 512800 MechelenGround area
708 m²
Building footprint
111 m²
Volume, LiDAR
610 m³
Parcel 12402B0415/00C002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HSFD
since 20142.226.600.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0415/00C002 | Flanders | 708 m² | 1 · 111 m² | 8.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 2,489 EUR awarded · 1,020 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,469 EUR | 0 EUR |
| 2022 | 1 | 1,020 EUR | 1,020 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
984500E8QU1414766842
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 32,884 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2014
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70100Activities of head offices
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.