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 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
HS-Group from Gent, company number BE0500801793, closed financial year 2024 with a result of € -323,447 after tax. For that financial year HS-Group recorded a gross margin of € -136,917 and equity of € -180,971. Compared with financial year 2023, the result moved from € -43,121 to € -323,447. 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 October 9, 2025.
€ -180,971
▼ € 323,447 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -323,447
▼ 650 % more loss than in 2023
Profit after tax over the fiscal year.
€ 541
▼ 98% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -199,571.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 155,203
▲ 37% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 9,646
▼ 28% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 117,227
▼ 57% vs 2023
€ 16,200 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 311,183
▲ 1% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 28,817
▼ 26% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 274,047 | € 287,076 | € 84,051 | € -136,917 | ▼ € 220,969 |
| Profit after taxes | € 7,627 | € 43,425 | € -43,121 | € -323,447 | ▼ € 280,325 |
| Equity | € 142,172 | € 185,597 | € 142,476 | € -180,971 | ▼ € 323,447 |
| Total debts | € 587,903 | € 582,276 | € 648,729 | € 496,285 | ▼ 23% |
| Cash | € 4,766 | € 46,160 | € 27,463 | € 541 | ▼ 98% |
| Land & buildings | € 42,424 | € 30,392 | € 29,353 | € 24,451 | ▼ 17% |
| Retained profit | € 123,572 | € 166,997 | € 123,876 | € -199,571 | ▼ € 323,447 |
| Bank debt | € 85,000 | € 189,419 | € 272,069 | € 117,227 | ▼ 57% |
| Balance sheet total | € 730,075 | € 767,873 | € 791,204 | € 315,314 | ▼ 60% |
| Employees (FTE) | 7.9 | 5.1 | 4.7 | - |
Key figures of HS-Group, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to HS-Group?
What happened at HS-Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
HS-Group is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 323,447. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Yasin Sancak became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,627 profit in 2021 to € 323,447 loss in 2024.
Paid € 27,048 in corporate taxes since 2021.
Best year ever: 2022, with € 43,425 profit.
On average € 17,900 of value added per employee in 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Yasin Sancak
Director
since 2012
Establishments
Establishment units
Physical locations of this company
Orchideestraat 29
9041 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0500.801.793
- VAT number
- BE 0500.801.793
- Registered office
- Orchideestraat 29, 9041 Gent
- Names & denominations
- HS-Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 9 November 2012
- Peppol
- Active · Active since 18 Dec 2025
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