HSK
ActiveSummary
HSK has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-9k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 15.01 against 35.89 in 2024; short-term debt: 5% and cash: 2.2% of total assets), and 5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95%
Return on assets
-19.2%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
on the day
2023
on the day
2022
on the day
2021
1 d late
2020
51 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-9k
2024 · €2k
2019: €-3k
2020: €-3k▼ -0.9% vs 2019
2021: €5k▲ +247% vs 2020
2022: €20k▲ +329% vs 2021highest in 7 years
2023: €-2k▼ -110% vs 2022
2024: €2k▲ +204% vs 2023
2025: €-9k▼ -550% vs 2024lowest in 7 years
2019 → 2025
Working capital
€34k▼ 16.7%
2024 · €41k
2019: €34k
2020: €31k▼ -9.1% vs 2019
2021: €17k▼ -45.2% vs 2020lowest in 7 years
2022: €37k▲ +119% vs 2021
2023: €37k▼ -1.9% vs 2022
2024: €41k▲ +12.3% vs 2023highest in 7 years
2025: €34k▼ -16.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€55k▲ 55.1%€53k▼ 3.6%€55k▲ 3.9%€46k▼ 16.8%
2021: €36klowest in 5 years
2022: €55k▲ +55.1% vs 2021
2023: €53k▼ -3.6% vs 2022
2024: €55k▲ +3.9% vs 2023highest in 5 years
2025: €46k▼ -16.8% vs 2024
Operating result€7k-€20k▲ 186%€-2k€2k€-9k
2021: €7k
2022: €20k▲ +186% vs 2021highest in 5 years
2023: €-2k▼ -109% vs 2022
2024: €2k▲ +222% vs 2023
2025: €-9k▼ -514% vs 2024lowest in 5 years
Net result€5k-€20k▲ 329%€-2k€2k€-9k
2021: €5k
2022: €20k▲ +329% vs 2021highest in 5 years
2023: €-2k▼ -110% vs 2022
2024: €2k▲ +204% vs 2023
2025: €-9k▼ -550% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€12k ▼ 17.1%
Current assets
€37k ▼ 13.3%
Equity and liabilities €48k
Equity
€46k ▼ 16.8%
Debt
€2k ▲ 107%
Debt's share of the balance-sheet total rises from 2.1% to 5.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2024 · €5k
Cash flow
€-7k▼
2024 · €4k
Current ratio
15.01▼
2024 · 35.89
Quick ratio
11.22▼
2024 · 27.67
Debt to equity
0.05▲
2024 · 0.02
ROE
-20.2%▼
2024 · 3.7%
ROA
-19.2%▼
2024 · 3.7%
Interest coverage
-26.04▼
2024 · 39.25
Debt ≤ 1 year
€2k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€56k€48k▼
Fixed assets21/28€14k€12k▼
Tangible fixed assets22/27€14k€12k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€1k€681▼
Current assets29/58€42k€37k▼
Stocks and contracts in progress3€10k€9k▼
Stocks30/36€10k€9k▼
Amounts receivable within one year40/41€30k€26k▼
Trade receivables40€5k€468▼
Other amounts receivable41€25k€26k▲
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€56k€48k▼
Equity10/15€55k€46k▼
Contributions10/11€38k€38k=
Reserves13€4k€4k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Profit (loss) carried forward14€13k€4k▼
Amounts payable17/49€1k€2k▲
Amounts payable within one year42/48€1k€2k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45-€301
Taxes450/3-€301
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€253-
Gross operating margin9900€5k€-7k▼
Operating profit (loss)9901€2k€-9k▼
Financial charges65/66B€117€254▲
Recurring financial charges65€117€254▲
Profit (loss) for the period before taxes9903€2k€-9k▼
Profit (loss) for the period9904€2k€-9k▼
Profit (loss) for the period to be appropriated9905€2k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€4k▼
Profit (loss) brought forward from the previous period14P€11k€13k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87 | €2k | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | - | - | €253 | - | - |
| Gross operating margin9900 | €7k | €22k | €647 | €5k | €-7k | ▼ 236% |
| Operating profit (loss)9901 | €7k | €20k | €-2k | €2k | €-9k | ▼ 514% |
| Financial charges65/66B | - | €256 | €208 | €117 | €254 | ▲ 116% |
| Recurring financial charges65 | €2k | €256 | €208 | €117 | €254 | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €5k | €20k | €-2k | €2k | €-9k | ▼ 550% |
| Profit (loss) for the period9904 | €5k | €20k | €-2k | €2k | €-9k | ▼ 550% |
| Profit (loss) for the period to be appropriated9905 | €5k | €20k | €-2k | €2k | €-9k | ▼ 550% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73k | €69k | €70k | €56k | €48k | ▼ 14.2% |
| Fixed assets21/28 | €19k | €19k | €17k | €14k | €12k | ▼ 17.1% |
| Tangible fixed assets22/27 | €19k | €19k | €17k | €14k | €12k | ▼ 17.1% |
| Plant, machinery and equipment23 | - | €17k | €15k | €13k | €11k | ▼ 14.4% |
| Furniture and vehicles24 | - | €2k | €2k | €1k | €681 | ▼ 45.2% |
| Current assets29/58 | €54k | €50k | €53k | €42k | €37k | ▼ 13.3% |
| Stocks and contracts in progress3 | €905 | €1k | €10k | €10k | €9k | ▼ 4.6% |
| Stocks30/36 | - | €1k | €10k | €10k | €9k | ▼ 4.6% |
| Amounts receivable within one year40/41 | €26k | €31k | €31k | €30k | €26k | ▼ 13.6% |
| Trade receivables40 | - | - | - | €5k | €468 | ▼ 91.1% |
| Other amounts receivable41 | - | €31k | €31k | €25k | €26k | ▲ 2.6% |
| Cash at bank and in hand54/58 | €27k | €18k | €13k | €2k | €1k | ▼ 48.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73k | €69k | €70k | €56k | €48k | ▼ 14.2% |
| Equity10/15 | €36k | €55k | €53k | €55k | €46k | ▼ 16.8% |
| Contributions10/11 | - | €38k | €38k | €38k | €38k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €4k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-7k | €13k | €11k | €13k | €4k | ▼ 71.6% |
| Amounts payable17/49 | €37k | €14k | €17k | €1k | €2k | ▲ 107% |
| Amounts payable within one year42/48 | €37k | €13k | €17k | €1k | €2k | ▲ 107% |
| Trade debts44 | €37k | €13k | €17k | €1k | €2k | ▲ 81.8% |
| Suppliers440/4 | - | €13k | €17k | €1k | €2k | ▲ 81.8% |
| Taxes, remuneration and social security45 | - | - | - | - | €301 | - |
| Taxes450/3 | - | - | - | - | €301 | - |
| Accrued charges and deferred income492/3 | - | €1k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €20k | €-2k | €2k | €-9k | ▼ 550% |
| + Depreciation and write-downs630 | €87 | €2k | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €5k | €22k | €438 | €4k | €-7k | ▼ 253% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €0 | - |
| Change in cash | - | €-9k | €-5k | €-11k | €-1k | ▲ 90.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
State Gazette act
Resignation: Haroun Atahir (director)Director discharge3 facts ▸
State Gazette act
Resignation: Haroun Atahir (director)
Director discharge3 facts ▸
- General meeting, 22/07/2026
- Director resignation, Haroun Atahir (director)
- Director discharge, Haroun Atahir
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
30-06
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
30-06
Financial
Liquidity times 11current ratio 35.89
Current ratio from 3.17 to 35.89; short-term debt falls from €17k to €1k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €20k ▲329%
Operating result €20k, net result €20k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 3.95
Current ratio from 1.46 to 3.95; short-term debt falls from €37k to €13k.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
Show earlier events
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
09-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2024
Resigned as Director
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 1987
Ground area
369 m²
Building footprint
167 m²
Volume, LiDAR
876 m³
Parcel 23322E0103/00N000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
73
companies at this address
See who is registered here
1 establishment unit
HAROUN AUTO
since 19872.030.719.645
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 10,665 companies in sector 47811 we hold annual accounts for 5,218. 3,257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-08-1987
Fiscal year end30-06
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.