Equity
€349,245 ▲ 61.6%
HSIM paid out €33,350 in dividends. That is 20% of the 2024 profit.
HSIM
Lifetime
4 annual accounts with figures on one time axispeak €512,083 (2024)
€512,083▲ 50.2%
peak €166,486 (2024)
€166,486▲ 552%
peak €349,245 (2024)
€349,245▲ 61.6%
€514,957▲ 14.3%
Board1 name since 2020
-
Documentsfilings and deeds
06-03-2026218 days late
2024financial year
Gross margin from €340,872 to €512,083Result from €25,529 to €166,486Dividend €33,350Equity from €216,109 to €349,245Cash from €316,907 to €94,213
Key points
from the 2024 annual accountsChecked score
38
Weak
Financially stronger than 63% of micro companies in food and beverage service (NACE 56)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.1% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,796 companies (NACE 56, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 7.2%
01-2025: 9.2%▲ +2.0 percentage points vs 12-2024
02-2025: 9.2%● unchanged vs 01-2025
03-2025: 9.3%▲ +0.1 percentage points vs 02-2025
04-2025: 8.7%▼ -0.6 percentage points vs 03-2025
05-2025: 3.9%▼ -4.8 percentage points vs 04-2025lowest value
06-2025: 4.1%▲ +0.2 percentage points vs 05-2025
07-2025: 4.0%▼ -0.1 percentage points vs 06-2025
08-2025: 5.2%▲ +1.2 percentage points vs 07-2025
09-2025: 5.5%▲ +0.3 percentage points vs 08-2025
10-2025: 6.8%▲ +1.3 percentage points vs 09-2025
11-2025: 6.3%▼ -0.5 percentage points vs 10-2025
12-2025: 7.6%▲ +1.3 percentage points vs 11-2025
01-2026: 9.3%▲ +1.7 percentage points vs 12-2025
02-2026: 9.3%● unchanged vs 01-2026
03-2026: 9.5%▲ +0.2 percentage points vs 02-2026highest value
04-2026: 4.7%▼ -4.8 percentage points vs 03-2026
05-2026: 4.8%▲ +0.1 percentage points vs 04-2026
06-2026: 4.8%● unchanged vs 05-2026
07-2026: 5.1%▲ +0.3 percentage points vs 06-2026
08-2026: 5.1%● unchanged vs 07-2026
09-2026: 5.1%● unchanged vs 08-2026
10-2026: 6.1%▲ +1.0 percentage point vs 09-2026
11-2026: 6.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 218 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 16-03-2026)
Sector: Food and beverage service activities (NACE 56)
Founded in 2020
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 59% of them on solvency, 28% on liquidity, 80% on profitability and 84% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as HSIM has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
The bankruptcy probability of HSIM itself is higher: 6.1% within 12 months. It rests on far more data about HSIM than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for HSIM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.65 (1.4 in 2023), above the usual 1.5. Short-term debt is 58.6% and cash 10.7% of total assets. However, 60.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 100 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline08-11-2026 today
raises risk · 2024 accounts filed 218 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
218 days late
2023
266 days late
2022
185 days late
2021
221 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 223 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0746942065
First establishment
Le Pêcheur, Greepstraat 33-35, Brussels
Incorporation
Founder: KARROUMI Mourad · Founding capital of €0, 100 shares · Appointment: KARROUMI Mourad (director) · published on 19-05-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HSIM Brussels | €879,202 | €512,083 | 39.7% | - |
| TOKCEL SOLUTIONS Brecht | €905,335 | €508,593 | 69.3% | 9.3 |
| BK FONT Fontaine-l'Evêque | €924,248 | €490,268 | 9.2% | 9.4 |
| PLUM INVEST Kampenhout | €847,833 | €581,907 | 1.6% | - |
| Kru Eve Asian Cuisine Zutendaal | €895,247 | €470,719 | 32.6% | 3.6 |
| KATS KENZA Namur | €900,583 | €402,947 | 48.6% | - |
| BOUCHE COFFEE Brussels | €755,322 | €587,225 | 70.5% | 11.7 |
These companies have the same main activity as HSIM: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €755,000 and €924,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 15-05-2020Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Establishment unit
- 2.302.480.0901000 Brussels, since 08-06-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 27-12-2025
Annual accounts 2024
- ≈ €1.5mestimated
- €879,202▲ 29.0%
- ≈ 6.3 FTEestimated
- Filing
- Filed on 06-03-2026
Insights on HSIM
HSIM has existed since 2020. The present size dates from 2023. The gross margin rose that year from €96,991 to €340,872.
Solvency rose in 2024 from 31.7% to 39.7% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HSIM
- What is the company number of HSIM?
- The company number of HSIM is 0746.942.065. The VAT number is the same number with BE in front: BE 0746.942.065.
- Where is HSIM based?
- The registered office is at Greepstraat 33-35, 1000 Brussels.Company details
- What does HSIM do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of HSIM?
- HSIM is a private limited company (BV).
- When was HSIM founded?
- HSIM was founded on 15-05-2020.
- Is HSIM still active?
- Yes, HSIM is an active enterprise in the KBO register.
- What is the turnover of HSIM?
- The turnover in financial year 2024 is ≈ €1.5m. This figure is estimated from the gross margin of €512,083 and 36 comparable companies (NACE 56112). It probably lies between €1.2m and €1.6m.Financials
- Is HSIM profitable?
- In financial year 2024, HSIM made a profit of €166,486.
- Where can I find the annual accounts of HSIM?
- HSIM filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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