HYSAL
ActiveSummary
HYSAL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,633 and a net result of -€2,274. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 88% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability11▼-89
Solvency100=
Growth50▼-17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 5.38 against 5.14 in 2024; short-term debt: 16.1% and cash: 46.5% of total assets), and 16.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
83.9%
Return on assets
-6.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
6 d early
2023
29 d late
2022
58 d early
2021
61 d late
2020
92 d late
2019
58 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 12 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 27 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Eghezée, Real estate sector
Turnover
€86,444▲ 3.4%
2018 · €83,610
EBIT margin
2.4%▲ 0.4pp
2018 · 2.1%
Net result
-€2,274
2024 · €13,360
Working capital
€25,654▼ 19.3%
2024 · €31,790
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Turnover
Operating result-€6,084▼ 144%€19,520€18,426▼ 5.6%€19,552▲ 6.1%-€1,820
Net result-€7,231within the sector's middle half▼ 30.6%€13,505within the sector's middle half€12,511within the sector's middle half▼ 7.4%€13,360within the sector's middle half▲ 6.8%-€2,274within the sector's middle half
EBIT margin
Equity-€1,804below the sector's middle half€11,702below the sector's middle half€21,213within the sector's middle half▲ 81.3%€33,740within the sector's middle half▲ 59.1%€30,633within the sector's middle half▼ 9.2%
Total assets€14,306below the sector's middle half▼ 40.6%€23,063below the sector's middle half▲ 61.2%€33,562below the sector's middle half▲ 45.5%€41,418below the sector's middle half▲ 23.4%€36,494below the sector's middle half▼ 11.9%
Debt€16,109▼ 13.6%€11,361▼ 29.5%€12,349▲ 8.7%€7,678▼ 37.8%€5,861▼ 23.7%
Working capital-€3,712within the sector's middle half▼ 223%€11,098within the sector's middle half€20,396within the sector's middle half▲ 83.8%€31,790within the sector's middle half▲ 55.9%€25,654within the sector's middle half▼ 19.3%
Solvency-12.6%below the sector's middle half▼ 35.2pp50.7%within the sector's middle half▲ 63.3pp63.2%within the sector's middle half▲ 12.5pp81.5%above the sector's middle half▲ 18.3pp83.9%above the sector's middle half▲ 2.5pp
Current ratio0.77within the sector's middle half▼ 0.161.98within the sector's middle half▲ 1.212.65within the sector's middle half▲ 0.675.14above the sector's middle half▲ 2.495.38above the sector's middle half▲ 0.24
Return on assets (ROA)-50.5%below the sector's middle half▼ 27.5pp58.6%above the sector's middle half▲ 109.1pp37.3%above the sector's middle half▼ 21.3pp32.3%above the sector's middle half▼ 5.0pp-6.2%below the sector's middle half▼ 38.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 turns negative in 2025: a loss of €1,820 after €19,552 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36,494
Fixed assets
€4,979 ▲ 155%
Current assets
€31,516 ▼ 20.1%
Equity and liabilities €36,494
Equity
€30,633 ▼ 9.2%
Debt
€5,861 ▼ 23.7%
Debt's share of the balance-sheet total falls from 18.5% to 16.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,007▼
2024 · €19,919
Cash flow
-€1,461▼
2024 · €13,727
Debt to equity
0.19▼
2024 · 0.23
ROE
-7.4%▼
2024 · 39.6%
Interest coverage
-2.87▼
2024 · 59.20
Debt ≤ 1 year
€5,861▼
2024 · €7,678
Income taxes
€200▼
2024 · €5,888
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
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 0.3% 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 6,910 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,435 | €1,305 | €420 | €367 | €813 | ▲ 121% |
| Other operating charges640/8 | €2,160 | €1,056 | €732 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €2,511 | €21,880 | €19,578 | €20,307 | -€607 | ▼ 103% |
| Operating profit (loss)9901 | -€6,084 | €19,520 | €18,426 | €19,552 | -€1,820 | ▼ 109% |
| Financial income75/76B | - | - | €9 | €32 | €97 | ▲ 202% |
| Recurring financial income75 | - | - | €9 | €32 | €97 | ▲ 202% |
| Financial charges65/66B | €350 | €348 | €253 | €336 | €351 | ▲ 4.4% |
| Recurring financial charges65 | €350 | €348 | €253 | €336 | €351 | ▲ 4.4% |
| Profit (loss) for the period before taxes9903 | -€6,434 | €19,171 | €18,181 | €19,248 | -€2,074 | ▼ 111% |
| Income taxes67/77 | €796 | €5,666 | €5,670 | €5,888 | €200 | ▼ 96.6% |
| Profit (loss) for the period9904 | -€7,231 | €13,505 | €12,511 | €13,360 | -€2,274 | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | -€7,231 | €13,505 | €12,511 | €13,360 | -€2,274 | ▼ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,306 | €23,063 | €33,562 | €41,418 | €36,494 | ▼ 11.9% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €1,909 | €604 | €817 | €1,949 | €4,979 | ▲ 155% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,859 | €554 | €767 | €399 | €3,429 | ▲ 758% |
| Plant, machinery and equipment23 | €149 | €0 | - | - | €3,240 | - |
| Furniture and vehicles24 | €1,710 | €554 | €767 | €399 | €188 | ▼ 52.8% |
| Financial fixed assets28 | €50 | €50 | €50 | €1,550 | €1,550 | = |
| Current assets29/58 | €12,397 | €22,459 | €32,745 | €39,468 | €31,516 | ▼ 20.1% |
| Amounts receivable within one year40/41 | €5,505 | €12,419 | €8,721 | €25,209 | €12,232 | ▼ 51.5% |
| Trade receivables40 | €3,560 | €12,308 | €8,148 | €23,285 | €2,588 | ▼ 88.9% |
| Other amounts receivable41 | €1,945 | €111 | €573 | €1,923 | €9,643 | ▲ 401% |
| Cash at bank and in hand54/58 | €5,567 | €8,220 | €22,330 | €13,714 | €16,960 | ▲ 23.7% |
| Deferred charges and accrued income490/1 | €1,325 | €1,820 | €1,694 | €546 | €2,324 | ▲ 326% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,306 | €23,063 | €33,562 | €41,418 | €36,494 | ▼ 11.9% |
| Equity10/15 | -€1,804 | €11,702 | €21,213 | €33,740 | €30,633 | ▼ 9.2% |
| Contributions10/11 | €8,675 | €8,675 | €8,675 | €8,675 | €8,675 | = |
| Reserves13 | €574 | €574 | €6,574 | €19,874 | €19,874 | = |
| Non-distributable reserves130/1 | €574 | €574 | €0 | - | - | - |
| Reserves not available under the articles1311 | €574 | €574 | €0 | - | - | - |
| Distributable reserves133 | - | - | €6,574 | €19,874 | €19,874 | = |
| Profit (loss) carried forward14 | -€11,053 | €2,452 | €5,963 | €5,190 | €2,083 | ▼ 59.9% |
| Amounts payable17/49 | €16,109 | €11,361 | €12,349 | €7,678 | €5,861 | ▼ 23.7% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €16,109 | €11,361 | €12,349 | €7,678 | €5,861 | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | €1,367 | €0 | - | - | - | - |
| Trade debts44 | €10,537 | €4,092 | €5,067 | €1,673 | €1,728 | ▲ 3.3% |
| Suppliers440/4 | €10,537 | €4,092 | €5,067 | €1,673 | €1,728 | ▲ 3.3% |
| Taxes, remuneration and social security45 | €4,205 | €6,335 | €3,362 | €5,172 | €3,300 | ▼ 36.2% |
| Taxes450/3 | €4,205 | €6,335 | €3,362 | €5,172 | €3,300 | ▼ 36.2% |
| Other amounts payable47/48 | - | €933 | €3,921 | €833 | €833 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,231 | €13,505 | €12,511 | €13,360 | -€2,274 | ▼ 117% |
| + Depreciation and write-downs630 | €6,435 | €1,305 | €420 | €367 | €813 | ▲ 121% |
| Operating cash flow (approximation) | -€795 | €14,810 | €12,931 | €13,727 | -€1,461 | ▼ 111% |
| Investment in fixed assets (approximation) | - | €0 | -€633 | -€1,500 | -€3,842 | ▼ 156% |
| Change in cash | - | €2,653 | €14,110 | -€8,616 | €3,246 | ▲ 138% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
03-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €13,505
Net result €13,505 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.98
Current ratio from 0.77 to 1.98; short-term debt falls from €16,109 to €11,361.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet -€7,231
Net result drops to -€7,231, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Eghezée · 1 establishment unit since 2008
Ground area
5,625 m²
Building footprint
123 m²
Parcel 92122B0041/00H000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HYSAL
since 20082.171.061.918
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92122B0041/00H000 | Wallonia | 5,625 m² | 1 · 122 m² | - |
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 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,875 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
Founded30-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
43240Other construction installation
43320Joinery installation
43350Other building finishing work
43990Other specialised construction activities
66129Activities auxiliary to financial services and insurance activities
Contact
E-mail
hysal@hotmail.frEghezée
Phone
081/877869Eghezée
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898323136
Registered
03-11-2025
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.