HSS
ActiveSummary
HSS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,572 and a net result of -€20,414. Equity is growing by ~43.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-70
Solvency60▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.6 in 2024; short-term debt: 35.8% and cash: 27.1% of total assets), and 65.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
34.5%
Return on assets
-14.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
14 d early
2023
29 d early
2022
21 d late
2021
4 d late
2020
26 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€48,572▼ 29.6%
2024 · €68,985
Total assets
€140,619▼ 15.5%
2024 · €166,343
Net result
-€20,414
2024 · €25,803
Working capital
€4,726▼ 81.3%
2024 · €25,263
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,662▼ 21.6%€23,786▲ 146%€4,911▼ 79.4%€39,617▲ 707%-€16,699
Net result€5,760within the sector's middle half▼ 49.7%€14,552within the sector's middle half▲ 153%€278within the sector's middle half▼ 98.1%€25,803above the sector's middle half▲ 9,184%-€20,414below the sector's middle half
Equity€22,840within the sector's middle half▲ 33.7%€37,391within the sector's middle half▲ 63.7%€44,015within the sector's middle half▲ 17.7%€68,985within the sector's middle half▲ 56.7%€48,572within the sector's middle half▼ 29.6%
Total assets€113,296within the sector's middle half▲ 230%€130,261within the sector's middle half▲ 15.0%€104,394within the sector's middle half▼ 19.9%€166,343within the sector's middle half▲ 59.3%€140,619within the sector's middle half▼ 15.5%
Debt€90,456▲ 424%€92,870▲ 2.7%€60,379▼ 35.0%€97,358▲ 61.2%€92,048▼ 5.5%
Working capital-€14,317below the sector's middle half€4,479within the sector's middle half€16,800within the sector's middle half▲ 275%€25,263within the sector's middle half▲ 50.4%€4,726within the sector's middle half▼ 81.3%
Solvency20.2%within the sector's middle half▼ 29.6pp28.7%within the sector's middle half▲ 8.5pp42.2%within the sector's middle half▲ 13.5pp41.5%within the sector's middle half▼ 0.7pp34.5%within the sector's middle half▼ 6.9pp
Current ratio0.65below the sector's middle half▼ 0.421.08within the sector's middle half▲ 0.431.47within the sector's middle half▲ 0.391.60within the sector's middle half▲ 0.131.09within the sector's middle half▼ 0.51
Return on assets (ROA)5.1%within the sector's middle half▼ 28.3pp11.2%within the sector's middle half▲ 6.1pp0.3%within the sector's middle half▼ 10.9pp15.5%above the sector's middle half▲ 15.2pp-14.5%below the sector's middle half▼ 30.0pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,699 after €39,617 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140,619
Fixed assets
€85,577 ▼ 13.5%
Current assets
€55,042 ▼ 18.4%
Equity and liabilities €140,619
Equity
€48,572 ▼ 29.6%
Debt
€92,048 ▼ 5.5%
Debt's share of the balance-sheet total rises from 58.5% to 65.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,951▼
2024 · €53,081
Cash flow
€3,236▼
2024 · €39,267
Debt to equity
1.90▲
2024 · 1.41
ROE
-42.0%▼
2024 · 37.4%
Interest coverage
2.03▼
2024 · 36.32
Debt ≤ 1 year
€50,316▲
2024 · €42,180
Debt > 1 year
€41,731▼
2024 · €55,179
Income taxes
€305▼
2024 · €12,354
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 4,805 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,803 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,429 | €20,231 | €20,406 | €13,464 | €23,650 | ▲ 75.7% |
| Other operating charges640/8 | €5,010 | €1,325 | €1,706 | €2,573 | €1,573 | ▼ 38.9% |
| Non-recurring operating charges66A | - | - | - | €4,104 | - | - |
| Gross operating margin9900 | €25,101 | €45,341 | €27,024 | €59,759 | €8,524 | ▼ 85.7% |
| Operating profit (loss)9901 | €9,662 | €23,786 | €4,911 | €39,617 | -€16,699 | ▼ 142% |
| Financial income75/76B | €1 | €75 | €1 | €2 | €12 | ▲ 637% |
| Recurring financial income75 | €1 | €75 | €1 | €2 | €12 | ▲ 637% |
| Financial charges65/66B | €489 | €1,190 | €1,120 | €1,461 | €3,422 | ▲ 134% |
| Recurring financial charges65 | €489 | €1,190 | €1,120 | €1,461 | €3,422 | ▲ 134% |
| Profit (loss) for the period before taxes9903 | €9,174 | €22,670 | €3,792 | €38,157 | -€20,108 | ▼ 153% |
| Income taxes67/77 | €3,414 | €8,118 | €3,514 | €12,354 | €305 | ▼ 97.5% |
| Profit (loss) for the period9904 | €5,760 | €14,552 | €278 | €25,803 | -€20,414 | ▼ 179% |
| Profit (loss) for the period to be appropriated9905 | €5,760 | €14,552 | €278 | €25,803 | -€20,414 | ▼ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,296 | €130,261 | €104,394 | €166,343 | €140,619 | ▼ 15.5% |
| Fixed assets21/28 | €86,552 | €70,000 | €51,789 | €98,901 | €85,577 | ▼ 13.5% |
| Intangible fixed assets21 | €2,528 | - | - | - | - | - |
| Tangible fixed assets22/27 | €84,024 | €70,000 | €51,789 | €98,901 | €85,577 | ▼ 13.5% |
| Plant, machinery and equipment23 | €14,151 | €14,198 | €11,746 | €7,507 | €15,037 | ▲ 100% |
| Furniture and vehicles24 | €69,873 | €55,802 | €40,043 | €91,394 | €70,540 | ▼ 22.8% |
| Current assets29/58 | €26,744 | €60,261 | €52,605 | €67,443 | €55,042 | ▼ 18.4% |
| Stocks and contracts in progress3 | - | €1,250 | - | - | - | - |
| Contracts in progress37 | - | €1,250 | - | - | - | - |
| Amounts receivable within one year40/41 | €15,465 | €20,462 | €9,678 | €9,681 | €9,939 | ▲ 2.7% |
| Trade receivables40 | €13,043 | €20,462 | €5,035 | €2,294 | €7,966 | ▲ 247% |
| Other amounts receivable41 | €2,422 | - | €4,643 | €7,387 | €1,972 | ▼ 73.3% |
| Cash at bank and in hand54/58 | €7,130 | €33,116 | €35,809 | €56,638 | €38,104 | ▼ 32.7% |
| Deferred charges and accrued income490/1 | €4,149 | €5,433 | €7,118 | €1,124 | €7,000 | ▲ 523% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,296 | €130,261 | €104,394 | €166,343 | €140,619 | ▼ 15.5% |
| Equity10/15 | €22,840 | €37,391 | €44,015 | €68,985 | €48,572 | ▼ 29.6% |
| Contributions10/11 | €11,600 | €11,600 | €18,224 | €18,224 | €18,224 | = |
| Reserves13 | €11,240 | €25,791 | €25,791 | €50,762 | €50,762 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €9,380 | €23,931 | €25,791 | €50,762 | €50,762 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€20,414 | - |
| Amounts payable17/49 | €90,456 | €92,870 | €60,379 | €97,358 | €92,048 | ▼ 5.5% |
| Amounts payable after more than one year17 | €49,396 | €37,088 | €24,574 | €55,179 | €41,731 | ▼ 24.4% |
| Financial debts170/4 | €49,396 | €37,088 | €24,574 | €55,179 | €41,731 | ▼ 24.4% |
| Amounts payable within one year42/48 | €41,061 | €55,782 | €35,805 | €42,180 | €50,316 | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | €12,105 | €13,463 | €12,514 | €12,828 | €13,447 | ▲ 4.8% |
| Financial debts43 | - | - | - | €1,171 | €2,524 | ▲ 115% |
| Credit institutions430/8 | - | - | - | €1,171 | €2,524 | ▲ 115% |
| Trade debts44 | €12,819 | €16,169 | €9,405 | €6,014 | €9,763 | ▲ 62.3% |
| Suppliers440/4 | €12,819 | €16,169 | €9,405 | €6,014 | €9,763 | ▲ 62.3% |
| Taxes, remuneration and social security45 | €5,205 | €8,379 | €5,523 | €3,830 | - | - |
| Taxes450/3 | €3,605 | €8,379 | €5,523 | €2,497 | - | - |
| Remuneration and social security454/9 | €1,600 | - | - | €1,333 | - | - |
| Other amounts payable47/48 | €10,933 | €17,771 | €8,362 | €18,337 | €24,583 | ▲ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,760 | €14,552 | €278 | €25,803 | -€20,414 | ▼ 179% |
| + Depreciation and write-downs630 | €10,429 | €20,231 | €20,406 | €13,464 | €23,650 | ▲ 75.7% |
| Operating cash flow (approximation) | €16,189 | €34,783 | €20,684 | €39,267 | €3,236 | ▼ 91.8% |
| Investment in fixed assets (approximation) | - | -€3,679 | -€2,195 | -€60,576 | -€10,326 | ▲ 83.0% |
| Change in cash | - | €25,986 | €2,693 | €20,829 | -€18,534 | ▼ 189% |
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
08-06
State Gazette act
Incorporation · Founder
Founding capital · Capital
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€20,414
Net result drops to -€20,414, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €25,803 ▲9,184%
Operating result €39,617, net result €25,803, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneState Gazette actNBB 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, Aarschot · 1 establishment unit since 2012
Ground area
4,186 m²
Building footprint
897 m²
Volume, LiDAR
3,727 m³
2 parcels, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Betekomsesteenweg 57, 3200 Aarschot
since 20122.211.642.065
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24652G0410/00C000 | Flanders | 3,032 m² | 1 · 239 m² | 6.6 m · 1 fl. |
| 24662F0027/00H002 | Flanders | 1,154 m² | 1 · 658 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
1 categoryHSS BV45671
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Of 165 companies in sector 47526 we hold annual accounts for 112. 77 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
Founded31-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47526Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846254625
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.