ACTIVE

HSN

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Financial year 2025 · closed on 30/09/2025
Net result
-30,7 k €
-144.8% YoY
Gross margin
232,8 k €
-33.9% YoY
Equity
106,2 k €
-22.4% YoY

What does HSN do?

HSN is a Private limited company incorporated in 2020. Its main activity is: Freight transport by road. Its registered office is in Zaventem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0760.434.963
Incorporation
22/12/2020
Legal form
Private limited company
Registered office
Excelsiorlaan 71
1930 Zaventem · FlandreSee on map
Contributed capital
7 500,00 €
Latest accounts
30/09/2025
Activities (NACE)
49410Freight transport by road· main49410Freight transport by road
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin232,8 k €352,3 k €302,5 k €354,8 k €
EBITDA-411,7 €81,9 k €31 k €43,3 k €
Operating result-7 k €74,7 k €27,4 k €38,9 k €
Net result-30,7 k €68,6 k €22,8 k €38,1 k €
Balance sheet
Equity106,2 k €137 k €68,4 k €45,6 k €
Total assets206,7 k €263,8 k €209,7 k €123,2 k €
Cash97,8 k €93,5 k €88,3 k €45,8 k €
Debts100,5 k €126,8 k €141,3 k €77,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active

Active mandates

Erdem Albayrak

Mandate

Active
At this address

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Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/12/2020
Closing of the financial year30/09/202530/09/202430/09/202330/09/2022
Length of the financial year12 months12 months12 months22 months
Filing date18/03/202603/03/202507/12/202313/12/2022
General meeting28/02/202628/02/202506/12/202313/12/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202528/02/202618/03/2026DutchPDF
Micro model30/09/202428/02/202503/03/2025DutchPDF
Micro model30/09/202306/12/202307/12/2023DutchPDF
Micro model30/09/202213/12/202213/12/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active

Active mandates

Erdem Albayrak

Mandate

Active
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office12/07/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office02/06/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other24/12/2020
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-30,7 k €↓
  2. 2024
    Annual accounts 202468,6 k €↑
  3. 2023
    Annual accounts 202322,8 k €↓
  4. 2022
    Annual accounts 202238,1 k €
  5. 22/12/2020
    IncorporationPrivate limited company