Summary
HSG is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.9m and a net result of €1.9m. Its solvency ranks better than 40% of 6,630 sector peers (NACE 64, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00486348.
Turnover and EBIT margin not published: the abbreviated format does not require them.
| Line | 2025 |
|---|---|
| Gross operating margin9900 | €0.03m |
| Operating profit (loss)9901 | €0.03m |
| Financial income75/76B | €1.9m |
| Recurring financial income75 | €1.9m |
| Financial charges65/66B | €0.05m |
| Recurring financial charges65 | €0.05m |
| Profit (loss) for the period before taxes9903 | €1.9m |
| Profit (loss) for the period9904 | €1.9m |
| Profit (loss) for the period to be appropriated9905 | €1.9m |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €4.8m | |
| Fixed assets21/28 | €4.2m | |
| Financial fixed assets28 | €4.2m | |
| Current assets29/58 | €0.6m | |
| Amounts receivable within one year40/41 | €0.5m | |
| Trade receivables40 | €0.03m | |
| Other amounts receivable41 | €0.5m | |
| Cash at bank and in hand54/58 | €0.07m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €4.8m | |
| Equity10/15 | €1.9m | |
| Contributions10/11 | €0.03m | |
| Profit (loss) carried forward14 | €1.9m | |
| Amounts payable17/49 | €2.9m | |
| Amounts payable after more than one year17 | €2.3m | |
| Financial debts170/4 | €2.3m | |
| Amounts payable within one year42/48 | €0.6m | |
| Current portion of amounts payable after more than one year42 | €0.4m | |
| Trade debts44 | €0.01m | |
| Suppliers440/4 | €0.01m | |
| Taxes, remuneration and social security45 | €0.05m | |
| Taxes450/3 | €0.05m | |
| Other amounts payable47/48 | €0.1m | |
| Accrued charges and deferred income492/3 | €107 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €1.9m |
| Operating cash flow (approximation) | €1.9m |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00486348 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.