Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HSL from Antwerpen, company number BE0728571849, closed financial year 2025 with a result of € -1,074 after tax. For that financial year HSL recorded a gross margin of € -830 and equity of € 13,915. Compared with financial year 2024, the result moved from € -1,194 to € -1,074. 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 June 29, 2026.
€ 13,915
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,074
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6,085.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 7
▼ 95% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,599
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -748 | € 1,279 | € -780 | € -830 | ▼ € 50 |
| Profit after taxes | € -1,458 | € 549 | € -1,194 | € -1,074 | ▲ € 120 |
| Equity | € 15,633 | € 16,182 | € 14,988 | € 13,915 | ▼ 7% |
| Total debts | € 11,899 | € 3,066 | € 4,009 | € 52,018 | ▲ € 48,008 |
| Cash | € 151 | - | - | - | |
| Retained profit | € -4,367 | € -3,818 | € -5,012 | € -6,085 | ▼ € 1,074 |
| Balance sheet total | € 27,532 | € 19,248 | € 18,998 | € 65,932 | ▲ 247% |
Key figures of HSL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HSL?
What happened at HSL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,074. Source: NBB ↗
- Lusine Setrakyan became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,458 loss in 2022 to € 1,074 loss in 2025.
Best year ever: 2023, with € 549 profit.
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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 2025 annual accounts
Lusine Setrakyan
Director
since 2022
Establishments
Establishment units
Physical locations of this company
William Woodstraat 11
2140 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0728.571.849
- VAT number
- BE 0728.571.849
- Registered office
- William Woodstraat 11, 2140 Antwerpen
- Names & denominations
- HSL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 2019
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)