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HSR Belgium

Active
Public limited companyfounded 2008active for 18 yearsVosseschijnstraat 100, 2030 Antwerpen, BelgiumKBO/BCE: BE 0896.779.351
Summary

The computed 12-month bankruptcy probability of HSR Belgium is 9.2% (elevated). The 2024 annual accounts show negative equity (-€81,368) and a net result of -€165,642. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 8,966 sector peers (NACE 46, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 26-03-2008 Normal situation
Activity
Wholesale of other machinery and equipment NACE 46649and 3 others
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
Establishment units
2.170.035.993 9000 Gent, since 01-04-2008
2.170.036.092 2030 Antwerpen, since 01-04-2008
Financial year end
31 December
Peppol
Reachable since 30-10-2023

Board and ownership

Board
and 1 other
Auditor
KPMG Bedrijfsrevisoren BV/SRL
Shareholders
  • HSR GMBH BOannual accounts 2024
  • AWKG GmbH KG - DE 146 280 061- HRA 590261annual accounts 2024

Financial position

29 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
9.2%
Annual accounts 2024
Gross margin
€1.0m
▲ 14.2%
Turnover
≈ €4.4m
estimated
Loss
€165,642
▼ 51.2%
Equity
-€81,368
Total assets
€1.3m
▲ 1.6%
Employees on 31-12-2024
13
▼ 7.1%
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 94 days past the deadline
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.72, cash €965Loss of €165,642, the second in a row (financial year 2024)Negative equity -€81,368Show the evidence

Checked score

Score 2024
29 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 2% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2023
Weak
Solvency 19-13
equity -6.4% of total assets
Liquidity 0=
short-term debt 106.4% · cash 0.1%
Profitability 2+2
return on assets -13.1%
Bankruptcy probability within 12 months
9.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,372 companies, NACE 46, small)
Last 24 months 12-2024: 5.1% 01-2025: 5.1%● unchanged vs 12-2024 02-2025: 5.2%▲ +0.1 percentage points vs 01-2025 03-2025: 5.2%● unchanged vs 02-2025 04-2025: 5.1%▼ -0.1 percentage points vs 03-2025 05-2025: 4.8%▼ -0.3 percentage points vs 04-2025 06-2025: 4.6%▼ -0.2 percentage points vs 05-2025lowest value 07-2025: 5.0%▲ +0.4 percentage points vs 06-2025 08-2025: 5.8%▲ +0.8 percentage points vs 07-2025 09-2025: 5.8%● unchanged vs 08-2025 10-2025: 5.8%● unchanged vs 09-2025 11-2025: 5.8%● unchanged vs 10-2025 12-2025: 5.8%● unchanged vs 11-2025 01-2026: 5.8%● unchanged vs 12-2025 02-2026: 6.0%▲ +0.2 percentage points vs 01-2026 03-2026: 7.3%▲ +1.3 percentage points vs 02-2026 04-2026: 7.6%▲ +0.3 percentage points vs 03-2026 05-2026: 7.9%▲ +0.3 percentage points vs 04-2026 06-2026: 7.7%▼ -0.2 percentage points vs 05-2026 07-2026: 7.9%▲ +0.2 percentage points vs 06-2026 08-2026: 7.6%▼ -0.3 percentage points vs 07-2026 09-2026: 8.2%▲ +0.6 percentage points vs 08-2026 10-2026: 9.2%▲ +1.0 percentage point vs 09-2026highest value 11-2026: 9.2%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.72 (0.74 in 2023), below 1. Short-term debt is 106.4% and cash 0.1% of total assets. Equity is negative.
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 46, small). It does better than 3% of them on solvency, 1% on liquidity, 4% on profitability and 1% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
raises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 0.72, cash €965
NBB · annual accounts
raises risk · Loss of €165,642, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Negative equity -€81,368
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€81,368
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, 94 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
30 days early
2023
30 days early
2022
130 days late
2021
122 days late
2020
180 days late
2019
112 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 81 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€81,368 View
  • Risk: 4 loss-making years in a rowloss in financial year 2024 -€165,642 View
  • Caution: Lower net result than 94% of companies in wholesale tradesector median €40,619 · 8,961 companies -€165,642 View
  • Positive: Result rose in 2024from -€339,317 to -€165,642 ▲ 51.2% View
  • New directorlatest change 17-12-2025 · 3 in office 1 joined View

Recent changes

  1. · Gazette deed Reappointment: OCHEL Klaus (director)
  2. · Gazette deed Registered office moved within Antwerpen
  3. · Gazette deed Resignation: EY Bedrijfsrevisoren BV (statutory auditor)Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representative: Steven Vanbinnebeeck
All 33 events

Comparable companies

These companies have the same main activity as HSR Belgium: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €873,000 and €1.7m, founded between 2006 and 2009.

CompanyTotal assetsGross margin
HSR Belgium Antwerpen€1.3m€1.0m
WOOD-YOU Roeselare€1.5m€0.9m
SMEBA FIRE Heist-op-den-Berg€0.9m€1.1m
Newtec Water Systems Mechelen€1.1m€0.9m
INTERNATIONAL HOME OF COOKING Brussel€1.7m€1.1m
PROFIT PROTECTION SERVICES Wijnegem€1.5m€0.7m
WEBER SECURITY Wommelgem€1.1m€0.7m
Full comparison

Key facts about HSR Belgium

What is the company number of HSR Belgium?
The company number of HSR Belgium is 0896.779.351. The VAT number is the same number with BE in front: BE 0896.779.351.
Where is HSR Belgium based?
The registered office is at Vosseschijnstraat 100, 2030 Antwerpen.Company details
What does HSR Belgium do?
According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
What is the legal form of HSR Belgium?
The legal form of HSR Belgium is Public limited company (NV).
When was HSR Belgium founded?
HSR Belgium was founded on 26-03-2008.
Is HSR Belgium still active?
Yes, HSR Belgium is an active enterprise in the KBO register.
How many employees does HSR Belgium have?
HSR Belgium had an average of 12.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does HSR Belgium fall under?
In its 2024 annual accounts, HSR Belgium states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of HSR Belgium?
The turnover in financial year 2024 is ≈ €4.4m. This figure is estimated from the gross margin of €1.0m and 98 comparable companies (NACE 46). It probably lies between €2.7m and €7.4m. In financial year 2019 turnover was €1.7m.
Is HSR Belgium profitable?
In financial year 2024, HSR Belgium made a loss of €165,642.
Where can I find the annual accounts of HSR Belgium?
HSR Belgium filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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