HSH is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €2.51M and a net result of €36k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 98 sector peers (fiscal year 2026). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 07-09-2026, 146 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
146 d early
2025
101 d early
2024
101 d early
2023
49 d early
2022
41 d early
2021
14 d early
2020
12 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-06-2027 close31-01-2028 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€2.51M▲ 1.4%
2025 · €2.48M
2019: €1.88M
2020: €1.98M
2021: €1.44M
2022: €1.62M
2023: €2.40M
2024: €2.47M
2025: €2.48M
2019 → 2026
Net result
€36k▼ 93.6%
2025 · €552k
2019: €54k
2020: €101k
2021: €107k
2022: €176k
2023: €785k
2024: €372k
2025: €552k
2019 → 2026
Total assets
€2.97M▼ 3.6%
2025 · €3.08M
2019: €2.99M
2020: €2.94M
2021: €2.63M
2022: €2.62M
2023: €2.65M
2024: €2.65M
2025: €3.08M
2019 → 2026
Solvency
84.6%▲ 4.2pp
2025 · 80.4%
2019: 63.1%
2020: 67.4%
2021: 54.9%
2022: 61.6%
2023: 90.7%
2024: 93.4%
2025: 80.4%
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€1.62M-€2.40M▲ 48.5%€2.47M▲ 3.0%€2.48M▲ 0.1%€2.51M▲ 1.4%
Operating result€145k-€140k▼ 3.6%€105k▼ 25.1%€80k▼ 24.0%€43k▼ 45.5%
Net result€176k-€785k▲ 346%€372k▼ 52.6%€552k▲ 48.4%€36k▼ 93.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2026 is 45% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €2.97M
Fixed assets
€2.62M=
Current assets
€353k▼ 23.7%
Equity and liabilities €2.97M
Equity
€2.51M▲ 1.4%
Debt
€458k▼ 24.1%
The debt ratio falls from 19.6% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
84.6%▲
2025 · 80.4%
ROE
1.4%▼
2025 · 22.3%
ROA
1.2%▼
2025 · 17.9%
Debt
€458k▼
2025 · €603k
Debt ≤ 1 year
€458k▼
2025 · €603k
Income taxes
€12k▼
2025 · €20k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€3.08M€2.97M▼
Fixed assets21/28€2.62M€2.62M=
Financial fixed assets28€2.62M€2.62M=
Current assets29/58€463k€353k▼
Amounts receivable within one year40/41€449k€350k▼
Trade receivables40-€87k
Other amounts receivable41€449k€263k▼
Cash at bank and in hand54/58€15k€3k▼
Equity and liabilities
Total equity and liabilities10/49€3.08M€2.97M▼
Equity10/15€2.48M€2.51M▲
Contributions10/11€200k€200k=
Reserves13€2.28M€2.31M▲
Distributable reserves133€2.28M€2.31M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€603k€458k▼
Amounts payable within one year42/48€603k€458k▼
Trade debts44€7k€7k▼
Suppliers440/4€7k€7k▼
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€9k€9k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€583k€437k▼
Income statement
Code20252026
Other operating charges640/8€968€1k▲
Gross operating margin9900€80k€45k▼
Operating profit (loss)9901€80k€43k▼
Financial income75/76B€492k€4k▼
Recurring financial income75€492k€4k▼
Financial charges65/66B€41€48▲
Recurring financial charges65€41€48▲
Profit (loss) for the period before taxes9903€572k€47k▼
Income taxes67/77€20k€12k▼
Profit (loss) for the period9904€552k€36k▼
Profit (loss) for the period to be appropriated9905€552k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€552k€36k▼
Transfer from equity791/2€0-
Transfer to equity691/2€2k€36k▲
To other reserves6921€2k€36k▲
Profit to be distributed694/7€550k€0▼
Return on contributions (dividend)694€550k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (7 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 2027, expected by
2026
11-09
State Gazette act
Merger · Accounting effectMerger · Accounting effect · Capital9 facts ▸
State Gazette act
Merger · Accounting effect
Merger · Accounting effect · Capital9 facts ▸
- Merger, absorption, simplifiée
- Accounting effect, 2026-07-01
- Capital, €200.000
- Capital, €18.600
- Corporate purpose, La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour le compte de tiers, toutes opérations généralement quelconques, tous trava…
- Corporate purpose, La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour le compte de tiers: L'achat, la vente, en gros ou au détail, le placement,…
- Shareholding, 100
- Shareholding, 100
- Shareholding, 750
07-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
30-06
Financial
Weakest financial yearnet €36k ▼93.6%
Net result drops to €36k, the lowest in the series.
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €785k ▲346%
Net result €785k, the highest in the series.
30-06
Financial
Equity above €2MEq €2.40M ▲48.5%
5 profitable years in a row build equity to €2.40M.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2016
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.
Rue du Serpolet (MAR) 207522 TournaiGround area
3,100 m²
Building footprint
1,328 m²
Volume, LiDAR
6,572 m³
Parcel 57050A0166/00Y003, Wallonia · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HSH
since 20162.259.170.481
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57050A0166/00Y003 | Wallonia | 3,100 m² | 1 · 1,328 m² | 5.8 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:HYDROTECH SRL
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 10,237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2016
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.