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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HS & Co from Sint-Martens-Latem, company number BE0646777588, closed financial year 2025 with a result of € -34,158 after tax. For that financial year HS & Co recorded a gross margin of € -888 and equity of € 877,412. Compared with financial year 2024, the result moved from € -48,947 to € -34,158. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 877,412
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,158
▲ 30 % less loss than in 2024
Profit after tax over the fiscal year.
€ 19,628
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 15,912.
Debts at end 2025
€ 1.3 million
Loans from banks and other lenders, long and short.
€ 91,401
▲ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,185 | € -6,220 | € -1,785 | € -888 | ▲ € 897 |
| Profit after taxes | € -3,527 | € -49,219 | € -48,947 | € -34,158 | ▲ € 14,789 |
| Equity | € 209,736 | € 960,517 | € 911,570 | € 877,412 | ▼ 4% |
| Total debts | € 2,898 | € 2,564,811 | € 2,611,377 | € 2,643,799 | ▲ 1% |
| Cash | € 147,534 | € 24,280 | € 21,542 | € 19,628 | ▼ 9% |
| Retained profit | € 148,236 | € 99,017 | € 50,070 | € 15,912 | ▼ 68% |
| Bank debt | € 0 | € 1,250,000 | € 1,250,000 | € 1,250,000 | |
| Balance sheet total | € 212,634 | € 3,525,328 | € 3,522,948 | € 3,521,211 |
Key figures of HS & Co, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to HS & Co?
What happened at HS & Co in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stefan VERSELE stepped down as director. NBB
- Lode VERSELE stepped down as director. NBB
- Gwijde VERSELE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 34,158. Source: NBB ↗
- Stefan VERSELE became a director. NBB
- Lode VERSELE became a director. NBB
- Gwijde VERSELE became a director. NBB
- New establishment in Deinze. KBO
In short
From € 3,527 loss in 2021 to € 34,158 loss in 2025.
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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
The stake of ESVEBE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HS & CoThe shares are held by ESVEBE (49%).
Directors
According to the 2025 annual accounts
Stefan VERSELE
Director
Also active at: Verlatrans, HELUCA, MOLENS MARIMAN, Duvaco, BOSMOLEN, FINVOL PSI, VERLABREED, R.P.S. +27 more
since 2022 · until 2027
Lode VERSELE
Director
Also active at: Verlatrans, HELUCA, R.P.S., VERLINFO, VERLA-SEEDS, Versele-Laga, Hubstef, OROPHARMA +8 more
since 2022 · until 2027
Gwijde VERSELE
Managing director
Also active at: Verlatrans, HELUCA, MOLENS MARIMAN, Volys Star, Duvaco, BOSMOLEN, FINVOL PSI, VERLABREED +29 more
since 2022 · until 2027
Shareholders
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nelemeersstraat 5
9830 Sint-Martens-Latem
Kapellestraat 70
9800 Deinze
Active since 19 January 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0646.777.588
- VAT number
- BE 0646.777.588
- Registered office
- Nelemeersstraat 5, 9830 Sint-Martens-Latem
- Names & denominations
- HS & Co
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2016
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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