D'HONDT
ActiveD'HONDT has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €692k and a net result of €1k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 7689 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
63
/ 100
Healthy▼ -18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▼-13
Solvency89▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 2.46 in 2024), and 49% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51%
Return on assets
0.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
26 d early
2023
15 d early
2022
2 d early
2021
24 d early
2020
31 d early
2019
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€692k▲ 0.2%
2024 · €691k
2018: €406k
2019: €400k
2020: €467k
2021: €654k
2022: €645k
2023: €671k
2024: €691k
2018 → 2025
Total assets
€1.36M▲ 19.8%
2024 · €1.13M
2018: €871k
2019: €845k
2020: €889k
2021: €1.02M
2022: €1.03M
2023: €936k
2024: €1.13M
2018 → 2025
Net result
€1k▼ 94.4%
2024 · €19k
2018: €-89k
2019: €-6k
2020: €67k
2021: €187k
2022: €-9k
2023: €74k
2024: €19k
2018 → 2025
Working capital
€465k▼ 28.1%
2024 · €648k
2018: €358k
2019: €357k
2020: €405k
2021: €627k
2022: €599k
2023: €613k
2024: €648k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€654k-€645k▼ 1.4%€671k▲ 4.1%€691k▲ 2.9%€692k▲ 0.2%
Operating result€532k-€235k▼ 55.9%€221k▼ 5.7%€118k▼ 46.4%€62k▼ 47.9%
Net result€187k-€-9k€74k€19k▼ 73.9%€1k▼ 94.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 48% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€226k▲ 427%
Current assets
€1.13M▲ 3.7%
Equity and liabilities €1.36M
Equity
€692k▲ 0.2%
Debt
€665k▲ 50.4%
The debt ratio rises from 39.0% to 49.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€84k▼
2024 · €136k
Cash flow
€23k▼
2024 · €37k
Solvency
51.0%▼
2024 · 61.0%
Current ratio
1.70▼
2024 · 2.46
Quick ratio
0.78▼
2024 · 1.26
Debt / equity
0.96▲
2024 · 0.64
ROE
0.2%▼
2024 · 2.8%
ROA
0.1%▼
2024 · 1.7%
Interest coverage
1.41▼
2024 · 1.54
Debt
€665k▲
2024 · €442k
Debt ≤ 1 year
€665k▲
2024 · €442k
Income taxes
€921▼
2024 · €11k
Staff costs
€256k▲
2024 · €234k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.13M€1.36M▲
Fixed assets21/28€43k€226k▲
Tangible fixed assets22/27€37k€220k▲
Plant, machinery and equipment23€26k€50k▲
Furniture and vehicles24€578€19k▲
Other tangible fixed assets26€11k€151k▲
Financial fixed assets28€6k€6k=
Current assets29/58€1.09M€1.13M▲
Stocks and contracts in progress3€531k€611k▲
Stocks30/36€531k€611k▲
Amounts receivable within one year40/41€542k€501k▼
Trade receivables40€183k€118k▼
Other amounts receivable41€358k€383k▲
Cash at bank and in hand54/58€10k€11k▲
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.36M▲
Equity10/15€691k€692k▲
Reserves13€396k€396k=
Distributable reserves133€396k€396k=
Profit (loss) carried forward14€295k€296k▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Major repairs and maintenance162€0-
Amounts payable17/49€442k€665k▲
Amounts payable within one year42/48€442k€665k▲
Current portion of amounts payable after more than one year42€0-
Financial debts43€44k€240k▲
Credit institutions430/8€44k€240k▲
Trade debts44€178k€106k▼
Suppliers440/4€178k€106k▼
Taxes, remuneration and social security45€26k€26k▼
Taxes450/3€10k€14k▲
Remuneration and social security454/9€17k€12k▼
Other amounts payable47/48€193k€294k▲
Income statement
Code20242025
Non-recurring operating income76A-€23k
Remuneration, social security and pensions62€234k€256k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€22k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€41k
Other operating charges640/8€14k€3k▼
Gross operating margin9900€384k€384k▲
Operating profit (loss)9901€118k€62k▼
Financial income75/76B€246€62▼
Recurring financial income75€246€62▼
Financial charges65/66B€88k€60k▼
Recurring financial charges65€88k€60k▼
Profit (loss) for the period before taxes9903€30k€2k▼
Income taxes67/77€11k€921▼
Profit (loss) for the period9904€19k€1k▼
Profit (loss) for the period to be appropriated9905€19k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€314k€296k▼
Profit (loss) brought forward from the previous period14P€295k€295k=
Transfer to equity691/2€19k€0▼
To other reserves6921€19k€0▼
Social balance
Average headcount (FTE)90874.75.1▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €187k ▲181%
Operating result €532k, net result €187k, both a record.
30-09
Financial
Equity above €500kEq €654k ▲40.1%
2 profitable years in a row build equity to €654k.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 37 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bevrijdingslaan (APP) 157A9200 DendermondeGround area
1,098 m²
Building footprint
238 m²
Volume, LiDAR
786 m³
Parcel 42001B0106/00R002, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HET BUITENHUIS
since 20012.015.520.438
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42001B0106/00R002 | Flanders | 1,098 m² | 1 · 238 m² | 5.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 37,602 EUR awarded · 37,602 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 10,071 EUR | 10,071 EUR |
| 2024 | 1 | 9,723 EUR | 9,723 EUR |
| 2023 | 1 | 9,338 EUR | 9,338 EUR |
| 2022 | 1 | 8,470 EUR | 8,470 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
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MICHEL - LAMBERTY
BE 0831.323.751
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BE 0825.446.244
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Of 6,993 companies in sector 43221 we hold annual accounts for 3,445. 2,010 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-1978
Fiscal year end30-09
Trade name NL
HET BUITENHUIS
Activities, NACEBEL
43221Plumbing work
47552Retail sale of lighting equipment
47592Retail trade
52442
43120Site preparation
46836Wholesale trade
47120Other non-specialised retail sale
47522Retail trade
47789Other retail sale of new goods
47910Retail trade
56309Food and beverage service activities
82300Organisation of conventions and trade shows
85599Other education
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.