HSLS
ActiveSummary
The computed 12-month bankruptcy probability of HSLS is 3.1% (moderate). The 2024 annual accounts show equity of €39,693 and a net result of €15,193. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 2438 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+1
Solvency41=
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.65 in 2023; short-term debt: 47% and cash: 25.7% of total assets), but 83.8% of the assets are financed with debt.
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Signals
Seven 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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 2024Solvency, return and age of the figures
Solvency
16.2%
Return on assets
6.2%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2438 sector peers (2024).
NBB · sector comparisonPosition among 2438 sector peers
Solvency
better than 20%
← weakest
strongest →
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 30-07-2025, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
26 d late
2022
16 d late
2021
8 d late
2020
36 d early
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€39,693▼ 7.9%
2023 · €43,100
Total assets
€244,703▼ 11.2%
2023 · €275,495
Net result
€15,193▲ 21.5%
2023 · €12,501
Working capital
€109,471▲ 17.6%
2023 · €93,076
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5,554▼ 75.3%€14,177▲ 155%€37,267▲ 163%€14,723▼ 60.5%€159,404▲ 983%
Net result€2,188within the sector's middle half▼ 90.2%-€870below the sector's middle half€4,623within the sector's middle half€12,501within the sector's middle half▲ 170%€15,193within the sector's middle half▲ 21.5%
Equity€26,846within the sector's middle half▲ 8.9%€25,976within the sector's middle half▼ 3.2%€30,599within the sector's middle half▲ 17.8%€43,100within the sector's middle half▲ 40.9%€39,693within the sector's middle half▼ 7.9%
Total assets€90,524below the sector's middle half▼ 13.2%€189,482within the sector's middle half▲ 109%€246,361within the sector's middle half▲ 30.0%€275,495within the sector's middle half▲ 11.8%€244,703within the sector's middle half▼ 11.2%
Debt€63,678▼ 20.0%€163,506▲ 157%€215,763▲ 32.0%€232,395▲ 7.7%€205,010▼ 11.8%
Working capital€12,713within the sector's middle half▼ 84.2%-€19,439below the sector's middle half€5,622within the sector's middle half€93,076within the sector's middle half▲ 1,556%€109,471within the sector's middle half▲ 17.6%
Solvency29.7%within the sector's middle half▲ 6.0pp13.7%below the sector's middle half▼ 15.9pp12.4%below the sector's middle half▼ 1.3pp15.6%below the sector's middle half▲ 3.2pp16.2%below the sector's middle half▲ 0.6pp
Current ratio1.20within the sector's middle half▼ 56.040.88below the sector's middle half▼ 0.321.03within the sector's middle half▲ 0.151.65within the sector's middle half▲ 0.621.95within the sector's middle half▲ 0.30
Return on assets (ROA)2.4%within the sector's middle half▼ 18.9pp-0.5%below the sector's middle half▼ 2.9pp1.9%within the sector's middle half▲ 2.3pp4.5%within the sector's middle half▲ 2.7pp6.2%within the sector's middle half▲ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 983% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €244,703
Fixed assets
€20,222 ▼ 49.5%
Current assets
€224,481 ▼ 4.7%
Equity and liabilities €244,703
Equity
€39,693 ▼ 7.9%
Debt
€205,010 ▼ 11.8%
Debt's share of the balance-sheet total falls from 84.4% to 83.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€195,451▲
2023 · €44,213
Cash flow
€51,241▲
2023 · €41,991
Debt to equity
5.16▼
2023 · 5.39
ROE
38.3%▲
2023 · 29.0%
Interest coverage
5.82▼
2023 · 65.63
Debt ≤ 1 year
€115,010▼
2023 · €142,395
Income taxes
€4,219▲
2023 · €1,548
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,571 | €14,288 | €33,988 | €29,490 | €36,047 | ▲ 22.2% |
| Other operating charges640/8 | - | €3,157 | €3,415 | €2,250 | €2,063 | ▼ 8.3% |
| Gross operating margin9900 | €16,329 | €31,623 | €74,669 | €46,463 | €197,513 | ▲ 325% |
| Operating profit (loss)9901 | €5,554 | €14,177 | €37,267 | €14,723 | €159,404 | ▲ 983% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | €12,430 | €31,152 | €674 | €139,992 | ▲ 20,679% |
| Recurring financial charges65 | €3,367 | €12,430 | €31,152 | €674 | €33,571 | ▲ 4,883% |
| Non-recurring financial charges66B | - | - | - | - | €106,420 | - |
| Profit (loss) for the period before taxes9903 | €2,188 | €1,747 | €6,114 | €14,050 | €19,412 | ▲ 38.2% |
| Income taxes67/77 | - | €2,618 | €1,491 | €1,548 | €4,219 | ▲ 172% |
| Profit (loss) for the period9904 | €2,188 | -€870 | €4,623 | €12,501 | €15,193 | ▲ 21.5% |
| Profit (loss) for the period to be appropriated9905 | €2,188 | -€870 | €4,623 | €12,501 | €15,193 | ▲ 21.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,524 | €189,482 | €246,361 | €275,495 | €244,703 | ▼ 11.2% |
| Fixed assets21/28 | €14,133 | €45,415 | €63,684 | €40,024 | €20,222 | ▼ 49.5% |
| Tangible fixed assets22/27 | €14,133 | €14,954 | €63,684 | €40,024 | €20,222 | ▼ 49.5% |
| Plant, machinery and equipment23 | - | €2,813 | €1,406 | - | - | - |
| Furniture and vehicles24 | - | €12,141 | €62,278 | €40,024 | €20,222 | ▼ 49.5% |
| Financial fixed assets28 | - | €30,461 | €0 | - | - | - |
| Current assets29/58 | €76,391 | €144,067 | €182,677 | €235,472 | €224,481 | ▼ 4.7% |
| Amounts receivable after more than one year29 | - | - | €240 | €240 | €240 | = |
| Other amounts receivable291 | - | - | €240 | €240 | €240 | = |
| Amounts receivable within one year40/41 | €31,602 | €39,319 | €161,254 | €159,258 | €159,833 | ▲ 0.4% |
| Trade receivables40 | - | €38,795 | €137,285 | €135,131 | €143,338 | ▲ 6.1% |
| Other amounts receivable41 | - | €524 | €23,968 | €24,127 | €16,495 | ▼ 31.6% |
| Cash at bank and in hand54/58 | €44,526 | €104,131 | €21,184 | €75,779 | €62,915 | ▼ 17.0% |
| Deferred charges and accrued income490/1 | - | €617 | - | €194 | €1,492 | ▲ 669% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,524 | €189,482 | €246,361 | €275,495 | €244,703 | ▼ 11.2% |
| Equity10/15 | €26,846 | €25,976 | €30,599 | €43,100 | €39,693 | ▼ 7.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Profit (loss) carried forward14 | €8,246 | €7,376 | €11,999 | €24,500 | €39,693 | ▲ 62.0% |
| Amounts payable17/49 | €63,678 | €163,506 | €215,763 | €232,395 | €205,010 | ▼ 11.8% |
| Amounts payable within one year42/48 | €63,678 | €163,506 | €177,056 | €142,395 | €115,010 | ▼ 19.2% |
| Trade debts44 | €55,358 | €150,818 | €71,907 | €132,395 | €110,276 | ▼ 16.7% |
| Suppliers440/4 | - | €150,818 | €71,907 | €132,395 | €110,276 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | €12,688 | €3,349 | - | €4,734 | - |
| Taxes450/3 | - | €12,688 | €3,349 | - | €4,734 | - |
| Other amounts payable47/48 | - | - | €101,799 | €10,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | €38,707 | €90,000 | €90,000 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,188 | -€870 | €4,623 | €12,501 | €15,193 | ▲ 21.5% |
| + Depreciation and write-downs630 | €9,571 | €14,288 | €33,988 | €29,490 | €36,047 | ▲ 22.2% |
| Operating cash flow (approximation) | €11,758 | €13,418 | €38,611 | €41,991 | €51,241 | ▲ 22.0% |
| Investment in fixed assets (approximation) | - | -€45,570 | -€52,257 | -€5,830 | -€16,246 | ▼ 179% |
| Change in cash | - | €59,605 | -€82,947 | €54,596 | -€12,864 | ▼ 124% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Back to profitnet €4,623
Net result €4,623 after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €22,247
Net result €22,247 after one loss-making year.
31-12
Financial
Liquidity times 324current ratio 57.24
Current ratio from 0.18 to 57.24; short-term debt falls from €36,300 to €1,429.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Anderlecht · 3 establishment units since 2018
Ground area
1.2 ha
Building footprint
4,218 m²
Volume, LiDAR
51,415 m³
3 parcels, Brussels, Wallonia · tallest building 52.2 m, ±16 floors. Linked by address, not a title deed.
3 establishment units
HSLS
since 20182.276.430.840
Serrurier Charleroi – Serrurier BELGIUM – HSLS
since 20212.325.098.512
Atelier/Dépôt - HSLS
since 20232.351.017.209
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307E0261/00G000 | Brussels | 1.1 ha | 1 · 3,826 m² | 47.8 m · 3 fl. |
| 21308H0298/00G000 | Brussels | 797 m² | 1 · 333 m² | 52.2 m · 16 fl. |
| 52011B0240/00A066 | Wallonia | 124 m² | 1 · 59 m² | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,284 companies in sector 25620 we hold annual accounts for 1,721. 1,003 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
Founded15-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
43211General electrical installation work
43212Electrical installation work in industrial facilities
46140Agents in the wholesale of industrial machinery, ships and aircraft
46841Wholesale trade
47540Retail sale of electrical household appliances
95290Repair and maintenance of other personal and household goods
Contact
E-mail
info@hsls.beCharleroi
Phone
+32491887550Charleroi
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692599695
Also
9925:BE0692599695
Registered
19-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.