DH-LOCATION
ActiveSummary
DH-LOCATION has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €706,278 and a net result of €182,846. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+2
Solvency51▲+4
Growth85=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.65 in 2023; short-term debt: 34.5% and cash: 7.6% of total assets), and 74.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
26 d late
2022
32 d late
2021
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€2.3m▲ 20.7%
2023 · €1.9m
EBIT margin
14.4%▲ 1.7pp
2023 · 12.7%
Net result
€182,846▲ 59.6%
2023 · €114,542
Working capital
-€262,717▲ 8.7%
2023 · -€287,798
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€999,445-€1.1m▲ 8.6%€1.9m▲ 72.4%€2.3m▲ 20.7%
Operating result€136,455-€197,171▲ 44.5%€237,271▲ 20.3%€324,188▲ 36.6%
Net result€94,933above the sector's middle half-€133,956above the sector's middle half▲ 41.1%€114,542above the sector's middle half▼ 14.5%€182,846above the sector's middle half▲ 59.6%
EBIT margin13.7%-18.2%▲ 4.5pp12.7%▼ 5.5pp14.4%▲ 1.7pp
Equity€274,933above the sector's middle half-€408,889above the sector's middle half▲ 48.7%€523,431above the sector's middle half▲ 28.0%€706,278above the sector's middle half▲ 34.9%
Total assets€833,175above the sector's middle half-€1.3mabove the sector's middle half▲ 55.5%€2.4mabove the sector's middle half▲ 83.2%€2.7mabove the sector's middle half▲ 15.6%
Debt€558,242-€886,439▲ 58.8%€1.8m▲ 109%€2.0m▲ 10.1%
Working capital-€243,128--€214,333▲ 11.8%-€287,798▼ 34.3%-€262,717▲ 8.7%
Solvency33.0%within the sector's middle half-31.6%within the sector's middle half▼ 1.4pp22.1%within the sector's middle half▼ 9.5pp25.7%within the sector's middle half▲ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.1m ▲ 11.7%
Current assets
€682,270 ▲ 29.3%
Equity and liabilities €2.7m
Equity
€706,278 ▲ 34.9%
Debt
€2.0m ▲ 10.1%
Debt's share of the balance-sheet total falls from 77.9% to 74.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.0m▲
2023 · €719,574
Cash flow
€875,352▲
2023 · €596,845
Current ratio
0.72▲
2023 · 0.65
Quick ratio
0.70▲
2023 · 0.65
Debt to equity
2.88▼
2023 · 3.53
ROE
25.9%▲
2023 · 21.9%
ROA
6.7%▲
2023 · 4.8%
Interest coverage
12.77▲
2023 · 9.71
Debt ≤ 1 year
€944,988▲
2023 · €815,343
Debt > 1 year
€1.1m▲
2023 · €1.0m
Income taxes
€61,699▲
2023 · €49,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,679 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.3%
went bankrupt
1.2%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €999,445 | €1.1m | €1.9m | €2.3m | ▲ 20.7% |
| Goods, raw materials, services and sundry goods60/61 | €659,114 | €677,098 | €902,813 | €1.2m | ▲ 34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €186,468 | €204,304 | €482,303 | €692,505 | ▲ 43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8,591 | - | - |
| Other operating charges640/8 | €17,408 | €6,742 | €239,590 | €31,450 | ▼ 86.9% |
| Gross operating margin9900 | €340,331 | €408,217 | €967,755 | €1.0m | ▲ 8.3% |
| Operating profit (loss)9901 | €136,455 | €197,171 | €237,271 | €324,188 | ▲ 36.6% |
| Financial income75/76B | - | - | €457 | - | - |
| Recurring financial income75 | - | - | €457 | - | - |
| Financial charges65/66B | €8,991 | €12,730 | €74,120 | €79,643 | ▲ 7.5% |
| Recurring financial charges65 | €8,991 | €12,730 | €74,120 | €79,643 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | €127,464 | €184,442 | €163,608 | €244,545 | ▲ 49.5% |
| Income taxes67/77 | €32,531 | €50,485 | €49,066 | €61,699 | ▲ 25.7% |
| Profit (loss) for the period9904 | €94,933 | €133,956 | €114,542 | €182,846 | ▲ 59.6% |
| Profit (loss) for the period to be appropriated9905 | €94,933 | €133,956 | €114,542 | €182,846 | ▲ 59.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €833,175 | €1.3m | €2.4m | €2.7m | ▲ 15.6% |
| Fixed assets21/28 | €644,538 | €981,829 | €1.8m | €2.1m | ▲ 11.7% |
| Intangible fixed assets21 | €139,226 | €113,522 | €87,818 | €62,114 | ▼ 29.3% |
| Tangible fixed assets22/27 | €505,313 | €868,307 | €1.8m | €2.0m | ▲ 13.7% |
| Plant, machinery and equipment23 | €469,669 | €813,408 | €681,251 | €689,771 | ▲ 1.3% |
| Furniture and vehicles24 | €35,644 | €54,899 | €139,335 | €143,487 | ▲ 3.0% |
| Leasing and similar rights25 | - | - | €936,641 | €1.2m | ▲ 24.4% |
| Current assets29/58 | €188,636 | €313,499 | €527,544 | €682,270 | ▲ 29.3% |
| Stocks and contracts in progress3 | - | - | - | €17,480 | - |
| Stocks30/36 | - | - | - | €17,480 | - |
| Amounts receivable within one year40/41 | €126,974 | €217,097 | €317,184 | €413,662 | ▲ 30.4% |
| Trade receivables40 | €111,555 | €209,989 | €279,129 | €370,410 | ▲ 32.7% |
| Other amounts receivable41 | €15,419 | €7,108 | €38,055 | €43,252 | ▲ 13.7% |
| Cash at bank and in hand54/58 | €54,502 | €89,400 | €182,958 | €207,714 | ▲ 13.5% |
| Deferred charges and accrued income490/1 | €7,160 | €7,002 | €27,403 | €43,415 | ▲ 58.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €833,175 | €1.3m | €2.4m | €2.7m | ▲ 15.6% |
| Equity10/15 | €274,933 | €408,889 | €523,431 | €706,278 | ▲ 34.9% |
| Contributions10/11 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Capital10 | - | €180,000 | €180,000 | €180,000 | = |
| Issued capital100 | - | €180,000 | €180,000 | €180,000 | = |
| Reserves13 | €50,000 | €130,000 | €230,000 | €330,000 | ▲ 43.5% |
| Distributable reserves133 | €50,000 | €130,000 | €230,000 | €330,000 | ▲ 43.5% |
| Profit (loss) carried forward14 | €44,933 | €98,889 | €113,431 | €196,278 | ▲ 73.0% |
| Amounts payable17/49 | €558,242 | €886,439 | €1.8m | €2.0m | ▲ 10.1% |
| Amounts payable after more than one year17 | €126,477 | €356,728 | €1.0m | €1.1m | ▲ 5.6% |
| Financial debts170/4 | €126,477 | €356,728 | €1.0m | €1.1m | ▲ 5.6% |
| Amounts payable within one year42/48 | €431,764 | €527,832 | €815,343 | €944,988 | ▲ 15.9% |
| Current portion of amounts payable after more than one year42 | €46,719 | €113,326 | €389,613 | €559,245 | ▲ 43.5% |
| Trade debts44 | €91,341 | €121,041 | €190,420 | €191,969 | ▲ 0.8% |
| Suppliers440/4 | €91,341 | €121,041 | €190,420 | €191,969 | ▲ 0.8% |
| Advances received on contracts in progress46 | - | - | €2,500 | - | - |
| Taxes, remuneration and social security45 | €32,531 | €54,964 | €49,066 | €44,265 | ▼ 9.8% |
| Taxes450/3 | €32,531 | €54,964 | €49,066 | €44,265 | ▼ 9.8% |
| Other amounts payable47/48 | €261,173 | €238,501 | €183,744 | €149,509 | ▼ 18.6% |
| Accrued charges and deferred income492/3 | - | €1,878 | €326 | €485 | ▲ 48.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94,933 | €133,956 | €114,542 | €182,846 | ▲ 59.6% |
| + Depreciation and write-downs630 | €186,468 | €204,304 | €482,303 | €692,505 | ▲ 43.6% |
| Operating cash flow (approximation) | €281,401 | €338,261 | €596,845 | €875,352 | ▲ 46.7% |
| Investment in fixed assets (approximation) | - | -€541,595 | -€1.3m | -€908,229 | ▲ 32.5% |
| Change in cash | - | €34,898 | €93,558 | €24,756 | ▼ 73.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Highest result since 2021net €182,846 ▲59.6%
Operating result €324,188, net result €182,846, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €500,000Eq €523,431 ▲28%
3 profitable years in a row build equity to €523,431.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Honnelles · 1 establishment unit since 2020
Ground area
605 m²
Building footprint
86 m²
Parcel 53069D0380/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DH-LOCATION
since 20202.302.740.309
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53069D0380/00D000 | Wallonia | 605 m² | 1 · 86 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BRAVO-TECH
BE 0841.862.802
Oudenaarde · Eq €733,284
ALVATEC
BE 0454.038.489
Alveringem · Eq €751,060
HOUTHOOFD MARNIX
BE 0446.143.778
Izegem · Eq €631,689
L.P.M
BE 0668.951.986
Charleroi · Eq €850,170
IMMO CHIDOFF
BE 0433.909.209
Ganshoren · Eq €855,293
Of 233 companies in sector 77221 we hold annual accounts for 125. 78 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
Website
www.dh-location.be
E-mail
info@dh-location.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747521986
Also
9925:BE0747521986
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.