HSL
ActiveSummary
The computed 12-month bankruptcy probability of HSL is 4.7% (elevated). The 2024 annual accounts show equity of €15k and a net result of €-1k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 18936 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability22▼-26
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 4.57 against 5.95 in 2023; short-term debt: 21.1% of total assets), and 21.1% 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.
+raises risk○neutral
raises risk · 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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
78.9%
Return on assets
-6.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
50 d late
2022
31 d late
2021
54 d late
2020
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€108k▼ 25.8%
2020 · €146k
2020: €146k
2021: €108k▼ -25.8% vs 2020
2020 → 2021
EBIT margin
-16.2%▼ 27.7pp
2020 · 11.5%
2020: 11.5%
2021: -16.2%▼ -240% vs 2020
2020 → 2021
Net result
€-1k
2023 · €549
2020: €16khighest in 5 years
2021: €-18k▼ -219% vs 2020lowest in 5 years
2022: €-1k▲ +92.1% vs 2021
2023: €549▲ +138% vs 2022
2024: €-1k▼ -317% vs 2023
2020 → 2024
Working capital
€14k▼ 5.8%
2023 · €15k
2020: €19khighest in 5 years
2021: €4k▼ -76.9% vs 2020lowest in 5 years
2022: €14k▲ +225% vs 2021
2023: €15k▲ +6.0% vs 2022
2024: €14k▼ -5.8% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€146k-€108k▼ 25.8%
2020: €146k
2021: €108k▼ -25.8% vs 2020
Equity€36k-€17k▼ 52.0%€16k▼ 8.5%€16k▲ 3.5%€15k▼ 7.4%
2020: €36khighest in 5 years
2021: €17k▼ -52.0% vs 2020
2022: €16k▼ -8.5% vs 2021
2023: €16k▲ +3.5% vs 2022
2024: €15k▼ -7.4% vs 2023lowest in 5 years
Operating result€17k-€-17k€-1k▲ 93.9%€965€-1k
2020: €17khighest in 5 years
2021: €-17k▼ -204% vs 2020lowest in 5 years
2022: €-1k▲ +93.9% vs 2021
2023: €965▲ +191% vs 2022
2024: €-1k▼ -224% vs 2023
Net result€16k-€-18k€-1k▲ 92.1%€549€-1k
2020: €16khighest in 5 years
2021: €-18k▼ -219% vs 2020lowest in 5 years
2022: €-1k▲ +92.1% vs 2021
2023: €549▲ +138% vs 2022
2024: €-1k▼ -317% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1k after €965 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19k
Fixed assets
€694 ▼ 31.2%
Current assets
€18k ▲ 0.4%
Equity and liabilities €19k
Equity
€15k ▼ 7.4%
Debt
€4k ▲ 30.8%
Debt's share of the balance-sheet total rises from 15.9% to 21.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-880▼
2023 · €1k
Cash flow
€-880▼
2023 · €863
Current ratio
4.57▼
2023 · 5.95
Debt to equity
0.27▲
2023 · 0.19
ROE
-8.0%▼
2023 · 3.4%
ROA
-6.3%▼
2023 · 2.9%
Debt ≤ 1 year
€4k▲
2023 · €3k
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 · 2024 against 2023 · 31 lines
Balance sheet
Code20232024
Assets
Total assets20/58€19k€19k▼
Fixed assets21/28€1k€694▼
Tangible fixed assets22/27€1k€694▼
Plant, machinery and equipment23€694€569▼
Furniture and vehicles24€315€125▼
Current assets29/58€18k€18k▲
Amounts receivable within one year40/41€18k€18k▲
Other amounts receivable41€18k€18k▲
Equity and liabilities
Total equity and liabilities10/49€19k€19k▼
Equity10/15€16k€15k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-4k€-5k▼
Amounts payable17/49€3k€4k▲
Amounts payable within one year42/48€3k€4k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€56-
Taxes450/3€56-
Other amounts payable47/48€859€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€314€314▲
Other operating charges640/8-€100
Non-recurring operating charges66A-€0
Gross operating margin9900€1k€-780▼
Operating profit (loss)9901€965€-1k▼
Financial charges65/66B€416-
Recurring financial charges65€416-
Profit (loss) for the period before taxes9903€549€-1k▼
Profit (loss) for the period9904€549€-1k▼
Profit (loss) for the period to be appropriated9905€549€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-5k▼
Profit (loss) brought forward from the previous period14P€-4k€-4k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €146k | €108k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €126k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €7k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €482 | €314 | €314 | €314 | ▲ 0.1% |
| Other operating charges640/8 | - | €3k | - | - | €100 | - |
| Non-recurring operating charges66A | - | €12k | - | - | €0 | - |
| Gross operating margin9900 | €22k | €5k | €-748 | €1k | €-780 | ▼ 161% |
| Operating profit (loss)9901 | €17k | €-17k | €-1k | €965 | €-1k | ▼ 224% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €989 | €396 | €416 | - | - |
| Recurring financial charges65 | €319 | €989 | €345 | €416 | - | - |
| Non-recurring financial charges66B | - | - | €51 | - | - | - |
| Profit (loss) for the period before taxes9903 | €16k | €-18k | €-1k | €549 | €-1k | ▼ 317% |
| Income taxes67/77 | €914 | - | - | - | - | - |
| Profit (loss) for the period9904 | €16k | €-18k | €-1k | €549 | €-1k | ▼ 317% |
| Profit (loss) for the period to be appropriated9905 | €16k | €-18k | €-1k | €549 | €-1k | ▼ 317% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71k | €35k | €28k | €19k | €19k | ▼ 1.3% |
| Fixed assets21/28 | €17k | €13k | €1k | €1k | €694 | ▼ 31.2% |
| Tangible fixed assets22/27 | €17k | €13k | €1k | €1k | €694 | ▼ 31.2% |
| Plant, machinery and equipment23 | - | €944 | €819 | €694 | €569 | ▼ 18.0% |
| Furniture and vehicles24 | - | €12k | €504 | €315 | €125 | ▼ 60.2% |
| Current assets29/58 | €54k | €22k | €26k | €18k | €18k | ▲ 0.4% |
| Stocks and contracts in progress3 | €1k | - | €8k | - | - | - |
| Stocks30/36 | - | - | €8k | - | - | - |
| Amounts receivable within one year40/41 | €33k | €20k | €18k | €18k | €18k | ▲ 0.4% |
| Other amounts receivable41 | - | €20k | €18k | €18k | €18k | ▲ 0.4% |
| Cash at bank and in hand54/58 | €2k | €3k | €151 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71k | €35k | €28k | €19k | €19k | ▼ 1.3% |
| Equity10/15 | €36k | €17k | €16k | €16k | €15k | ▼ 7.4% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Outside capital11 | - | - | €20k | - | - | - |
| Other1109/19 | - | - | €20k | - | - | - |
| Profit (loss) carried forward14 | €16k | €-3k | €-4k | €-4k | €-5k | ▼ 31.3% |
| Amounts payable17/49 | €35k | €18k | €12k | €3k | €4k | ▲ 30.8% |
| Amounts payable within one year42/48 | €35k | €18k | €12k | €3k | €4k | ▲ 30.8% |
| Trade debts44 | €3k | €2k | €2k | €2k | €2k | ▲ 6.7% |
| Suppliers440/4 | - | €2k | €2k | €2k | €2k | ▲ 6.7% |
| Taxes, remuneration and social security45 | - | €7k | €2k | €56 | - | - |
| Taxes450/3 | - | €2k | €914 | €56 | - | - |
| Remuneration and social security454/9 | - | €5k | €591 | - | - | - |
| Other amounts payable47/48 | - | €9k | €8k | €859 | €2k | ▲ 99.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €-18k | €-1k | €549 | €-1k | ▼ 317% |
| + Depreciation and write-downs630 | €4k | €482 | €314 | €314 | €314 | ▲ 0.1% |
| Operating cash flow (approximation) | €20k | €-18k | €-1k | €863 | €-880 | ▼ 202% |
| Investment in fixed assets (approximation) | - | €3k | €11k | €0 | €1 | - |
| Change in cash | - | €329 | €-3k | - | - | - |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Back to profitnet €549
Net result €549 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 5.95
Current ratio from 2.20 to 5.95; short-term debt falls from €12k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Antwerpen · 1 establishment unit since 2021
Ground area
184 m²
Building footprint
83 m²
Volume, LiDAR
617 m³
Parcel 11006A0225/00C012, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HSL
since 20212.311.563.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0225/00C012 | Flanders | 184 m² | 1 · 83 m² | 8.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 217 EUR awarded · 217 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 217 EUR | 217 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,691 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
Founded17-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
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.