HSIM

Active

Private limited companyfounded 20206 yrs activeGreepstraat 33-35, 1000 Brussel, BelgiumKBO/BCE: BE 0746.942.065

The computed 12-month bankruptcy probability of HSIM is 6.2% (elevated). The 2024 annual accounts show equity of €349k and a net result of €166k. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 66% of 1763 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

53 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability92▲+37

Solvency65▲+8

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

6.2% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €18k at 30 days only on tighter terms

Liquidity ample (current ratio 1.65 against 1.4 in 2023; short-term debt: 58.6% and cash: 10.7% of total assets), but 60.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-03-2026, 218 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

218 d late

2023

266 d late

2022

185 d late

2021

221 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€166k▲ 552%

2023 · €26k

2021: €136k 2022: €68k 2023: €26k

2021 → 2024

Working capital

€333k▲ 85.8%

2023 · €179k

2021: €124k 2022: €192k 2023: €179k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€136k-€204k▲ 50.1%€216k▲ 6.2%€349k▲ 61.6%

Operating result€176k-€91k▼ 48.7%€49k▼ 45.7%€228k▲ 364%

Net result€136k-€68k▼ 49.9%€26k▼ 62.4%€166k▲ 552%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 364% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €879k

96.4%

Fixed assets €31k▼ 39.7%

Current assets €848k▲ 34.7%

Equity and liabilities €879k

39.7%

58.6%

Equity €349k▲ 61.6%

Provisions €15k=

Debt €515k▲ 14.3%

The debt ratio falls from 66.1% to 58.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€244k▲

2023 · €61k

Cash flow

€182k▲

2023 · €37k

Solvency

39.7%▲

2023 · 31.7%

Current ratio

1.65▲

2023 · 1.40

Quick ratio

1.58▲

2023 · 1.37

Debt / equity

1.47▼

2023 · 2.08

ROE

47.7%▲

2023 · 11.8%

ROA

18.9%▲

2023 · 3.7%

Interest coverage

53.16▲

2023 · 3.84

Debt

€515k▲

2023 · €450k

Debt ≤ 1 year

€515k▲

2023 · €450k

Income taxes

€57k▲

2023 · €8k

Staff costs

€261k▲

2023 · €254k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€682k€879k▲

Fixed assets21/28€52k€31k▼

Tangible fixed assets22/27€43k€31k▼

Plant, machinery and equipment23€39k€29k▼

Furniture and vehicles24€4k€2k▼

Financial fixed assets28€9k€100▼

Current assets29/58€630k€848k▲

Stocks and contracts in progress3€13k€32k▲

Stocks30/36€13k€32k▲

Amounts receivable within one year40/41€285k€707k▲

Other amounts receivable41€285k€707k▲

Cash at bank and in hand54/58€317k€94k▼

Deferred charges and accrued income490/1€14k€14k=

Equity and liabilities

Total equity and liabilities10/49€682k€879k▲

Equity10/15€216k€349k▲

Profit (loss) carried forward14€216k€349k▲

Provisions and deferred taxes16€15k€15k=

Provisions for liabilities and charges160/5€15k€15k=

Other liabilities and charges164/5€15k€15k=

Amounts payable17/49€450k€515k▲

Amounts payable within one year42/48€450k€515k▲

Trade debts44€156k€130k▼

Suppliers440/4€156k€130k▼

Taxes, remuneration and social security45€293k€385k▲

Taxes450/3€244k€300k▲

Remuneration and social security454/9€49k€85k▲

Other amounts payable47/48€1k-

Income statement Code20232024

Remuneration, social security and pensions62€254k€261k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€16k▲

Other operating charges640/8€12k€6k▼

Non-recurring operating charges66A€15k-

Gross operating margin9900€341k€512k▲

Operating profit (loss)9901€49k€228k▲

Financial income75/76B€1€41▲

Recurring financial income75€1€41▲

Financial charges65/66B€16k€5k▼

Recurring financial charges65€16k€5k▼

Profit (loss) for the period before taxes9903€33k€224k▲

Income taxes67/77€8k€57k▲

Profit (loss) for the period9904€26k€166k▲

Profit (loss) for the period to be appropriated9905€26k€166k▲

Appropriation of the result

Profit (loss) to be appropriated9906€229k€383k▲

Profit (loss) brought forward from the previous period14P€204k€216k▲

Profit to be distributed694/7€13k€33k▲

Return on contributions (dividend)694€13k€33k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2026

06-03

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 218 days late

2025

23-04

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 266 days late

2024

31-12

Financial Highest result since 2021net €166k ▲552%

Operating result €228k, net result €166k, both a record.

01-02

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 185 days late

2023

31-12

Financial Weakest financial yearnet €26k ▼62.4%

Net result drops to €26k, the lowest in the series; recovery starts the following year.

09-03

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 221 days late

2022

31-12

Financial Equity above €200kEq €204k ▲50.1%

2 profitable years in a row build equity to €204k.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Brussel · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Greepstraat 33-351000 Brussel

Ground area

39 m²

Building footprint

39 m²

Volume, LiDAR

502 m³

Parcel 21802B1263/00_000, Brussels · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Le Pêcheur

Greepstraat 33-35, 1000 BrusselFood and beverage service activities

since 20202.302.480.090

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21802B1263/00_000	Brussels	39 m²	1 · 39 m²	15.9 m · 4 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Brussel2.302.480.090

1 permission

Toelating · Eetgelegenheid · since 08-06-2020

Similar companies · same sector, comparable size

Schaarbeek · Eq €349k

Of 21,896 companies in sector 56112 we hold annual accounts for 9,785. 5,352 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-05-2020

Fiscal year end31-12

Activities, NACEBEL

56102Limited-service restaurants

56112Limited-service restaurants, excluding mobile food services

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.