Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
Hülsta Belgium from Eupen, company number BE0444244459, closed financial year 2022 with a result of € -257,193 after tax. For that financial year Hülsta Belgium recorded a gross margin of € -13,136 and equity of € -115,703. Compared with financial year 2021, the result moved from € -70,747 to € -257,193. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 12, 2024.
€ -115,703
▼ € 257,193 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -257,193
▼ 264 % more loss than in 2021
Profit after tax over the fiscal year.
€ 106,945
▼ 2% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -401,563.
People and assets in 2022
1.8
Average over the fiscal year, from the social balance sheet.
€ 237,774
▲ 3% vs 2021
€ 132,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2022
None
No bank loans on the last day of the fiscal year.
€ 147,989
▲ 200% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 42,802
▼ 37% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 136,930 | € -13,136 | ▼ € 150,066 |
| Profit after taxes | € -70,747 | € -257,193 | ▼ € 186,446 |
| Equity | € 141,490 | € -115,703 | ▼ € 257,193 |
| Total debts | € 131,307 | € 241,904 | ▲ 84% |
| Cash | € 108,952 | € 106,945 | ▼ 2% |
| Retained profit | € -144,370 | € -401,563 | ▼ € 257,193 |
| Balance sheet total | € 272,797 | € 126,201 | ▼ 54% |
| Employees (FTE) | 1.8 | 1.8 |
Key figures of Hülsta Belgium, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Hülsta Belgium?
What happened at Hülsta Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Hülsta Belgium is active according to the CBE. Legal situation: Opening faillissement.
- Mike Hemmerich stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 257,193. filed late Source: NBB ↗
- Thomas Christian Knecht stepped down as director. NBB
- Mike Hemmerich became a director. NBB
- Thomas Christian Knecht became a director. NBB
- New establishment in Eupen. KBO
- Start of the company according to the CBE. KBO
In short
From € 70,747 loss in 2021 to € 257,193 loss in 2022.
On average € 76,100 of value added per employee in 2021.
Management
Directors
According to the 2022 annual accounts
Thomas Christian Knecht
Managing director
since 2019 · until 2023
Mike Hemmerich
Managing director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Rue d'Aix la Chapelle 182
4701 Eupen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.244.459
- VAT number
- BE 0444.244.459
- Registered office
- Rue d'Aix la Chapelle 182, 4701 Eupen
- Names & denominations
- Hülsta Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 29 May 1991
- Peppol
- Not registered