Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
HSR Belgium from Antwerpen, company number BE0896779351, closed financial year 2024 with a result of € -165,642 after tax. For that financial year HSR Belgium recorded a gross margin of € 1 million and equity of € -81,368. Compared with financial year 2023, the result moved from € -339,317 to € -165,642. 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 July 1, 2025.
€ -81,368
▼ € 165,642 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -165,642
▲ 51 % less loss than in 2023
Profit after tax over the fiscal year.
€ 965
▲ 38% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2024
12.6
▼ 0.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 986,591
▼ 2% vs 2023
€ 78,300 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.
€ 150,308
▼ 33% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 348,486
▲ 88% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 190,664
▲ 5% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 714,020 | € 898,047 | € 918,178 | € 1,048,259 | ▲ 14% |
| Profit after taxes | € -129,151 | € -120,025 | € -339,317 | € -165,642 | ▲ € 173,674 |
| Equity | € 43,616 | € 423,591 | € 84,274 | € -81,368 | ▼ € 165,642 |
| Total debts | € 945,876 | € 792,138 | € 1,158,956 | € 1,344,618 | ▲ 16% |
| Cash | € 424 | € 460 | € 698 | € 965 | ▲ 38% |
| Retained profit | € -1,156,384 | € -1,276,409 | € -1,615,726 | € -1,781,368 | ▼ € 165,642 |
| Balance sheet total | € 989,492 | € 1,215,728 | € 1,243,230 | € 1,263,250 | ▲ 2% |
| Employees (FTE) | 11.2 | 12.1 | 13 | 12.6 | ▼ 0.4 |
Key figures of HSR Belgium, 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 31 July 2026.
What happened to HSR Belgium?
What happened at HSR Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ief Haest stepped down as director. NBB
- Kevin Stahl stepped down as director. NBB
- Klaus Otto Walter Ochel stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 165,642. Source: NBB ↗
- Ief Haest became a director. NBB
- Kevin Stahl became a director. NBB
- Klaus Otto Walter Ochel became a director. NBB
- New establishment in Gent. KBO
In short
From € 129,151 loss in 2021 to € 165,642 loss in 2024.
Paid € 4,013 in corporate taxes since 2021.
On average € 83,200 of value added per employee in 2024.
A new publication or filing at HSR Belgium? We notify you, reason included.
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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 shares are held by HSR GMBH BO (100%).
Directors
According to the 2024 annual accounts
since 2021 · until 2027
Klaus Otto Walter Ochel
Director
since 2019 · until 2025
Kevin Stahl
Director
since 2021 · until 2027
Shareholders
HSR GMBH BO
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vosseschijnstraat 100
2030 Antwerpen
Vliegtuiglaan 5 box 1
9000 Gent
Active since 1 April 2008
Wilmingtonstraat 1
2030 Antwerpen
Active since 1 April 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0896.779.351
- VAT number
- BE 0896.779.351
- Registered office
- Vosseschijnstraat 100, 2030 Antwerpen
- Names & denominations
- HSR Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 2008
- Peppol
- Active · Active since 30 Oct 2023
- Activities · NACE
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