DHONDT EQUESTRIAN AND RECYCLING PROJECTS
ActiveDHONDT EQUESTRIAN AND RECYCLING PROJECTS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.66M and a net result of €152k. Equity is growing by ~68.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-13
Solvency86▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 3.65 against 2.52 in 2023; short-term debt: 9.5% and cash: 22% of total assets), and 38.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
61.1%
Return on assets
5.6%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
26 d late
2022
31 d late
2021
11 d late
2020
44 d early
2019
7 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.66M▲ 10.1%
2023 · €1.50M
2018: €-50k
2019: €49k
2020: €181k
2021: €455k
2022: €1.05M
2023: €1.50M
2018 → 2024
Total assets
€2.71M▼ 6.3%
2023 · €2.89M
2018: €864k
2019: €883k
2020: €988k
2021: €1.90M
2022: €2.47M
2023: €2.89M
2018 → 2024
Net result
€152k▼ 66.9%
2023 · €458k
2018: €-57k
2019: €108k
2020: €132k
2021: €275k
2022: €582k
2023: €458k
2018 → 2024
Working capital
€680k▼ 6.5%
2023 · €727k
2018: €-843k
2019: €-68k
2020: €28k
2021: €-114k
2022: €391k
2023: €727k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€181k-€455k▲ 152%€1.05M▲ 130%€1.50M▲ 43.7%€1.66M▲ 10.1%
Operating result€186k-€379k▲ 103%€801k▲ 111%€624k▼ 22.0%€210k▼ 66.4%
Net result€132k-€275k▲ 108%€582k▲ 112%€458k▼ 21.3%€152k▼ 66.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 66% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.71M
Fixed assets
€1.77M▲ 5.1%
Current assets
€937k▼ 22.2%
Equity and liabilities €2.71M
Equity
€1.66M▲ 10.1%
Debt
€1.05M▼ 24.0%
The debt ratio falls from 48.0% to 38.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€275k▼
2023 · €688k
Cash flow
€216k▼
2023 · €521k
Solvency
61.1%▲
2023 · 52.0%
Current ratio
3.65▲
2023 · 2.52
Quick ratio
3.65▲
2023 · 2.52
Debt / equity
0.64▼
2023 · 0.92
ROE
9.2%▼
2023 · 30.4%
ROA
5.6%▼
2023 · 15.8%
Interest coverage
13.44▼
2023 · 35.76
Debt
€1.05M▼
2023 · €1.39M
Debt ≤ 1 year
€257k▼
2023 · €477k
Debt > 1 year
€794k▼
2023 · €904k
Income taxes
€44k▼
2023 · €148k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.89M€2.71M▼
Fixed assets21/28€1.69M€1.77M▲
Tangible fixed assets22/27€1.69M€1.77M▲
Land and buildings22€1.48M€1.59M▲
Plant, machinery and equipment23€126k€105k▼
Furniture and vehicles24€11k€6k▼
Other tangible fixed assets26€77k€77k=
Current assets29/58€1.20M€937k▼
Amounts receivable within one year40/41€784k€333k▼
Trade receivables40€499k€36k▼
Other amounts receivable41€285k€297k▲
Cash at bank and in hand54/58€418k€598k▲
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€2.89M€2.71M▼
Equity10/15€1.50M€1.66M▲
Contributions10/11€19k€19k=
Reserves13€1.49M€1.64M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€295k€358k▲
Distributable reserves133€1.19M€1.28M▲
Amounts payable17/49€1.39M€1.05M▼
Amounts payable after more than one year17€904k€794k▼
Financial debts170/4€904k€794k▼
Amounts payable within one year42/48€477k€257k▼
Current portion of amounts payable after more than one year42€118k€120k▲
Trade debts44€912€3k▲
Suppliers440/4€912€3k▲
Taxes, remuneration and social security45€253k€99k▼
Taxes450/3€250k€97k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€106k€35k▼
Accrued charges and deferred income492/3€8k€5k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€65k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€693k€281k▼
Operating profit (loss)9901€624k€210k▼
Financial income75/76B-€6k
Recurring financial income75-€6k
Financial charges65/66B€19k€20k▲
Recurring financial charges65€19k€20k▲
Profit (loss) for the period before taxes9903€605k€195k▼
Income taxes67/77€148k€44k▼
Profit (loss) for the period9904€458k€152k▼
Transfer to tax-exempt reserves689€295k€63k▼
Profit (loss) for the period to be appropriated9905€163k€89k▼
Appropriation of the result
Profit (loss) to be appropriated9906€163k€89k▼
Transfer to equity691/2€163k€89k▼
To other reserves6921€163k€89k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €582k ▲112%
Operating result €801k, net result €582k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.99
Current ratio from 0.63 to 1.99.
31-12
Financial
Equity above €1MEq €1.05M ▲130%
4 profitable years in a row build equity to €1.05M.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Equity above €200kEq €455k ▲152%
3 profitable years in a row build equity to €455k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.17
Current ratio from 0.51 to 1.17.
31-12
Financial
Equity above €150kEq €181k ▲273%
2 profitable years in a row build equity to €181k.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Back to profitnet €108k
Net result €108k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Tielt · 2 establishment units since 2018
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 238700 TieltGround area
1.3 ha
Building footprint
2,398 m²
Volume, LiDAR
14,979 m³
2 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DHONDT EQUESTRIAN AND RECYCLING PROJECTS
since 20182.274.600.906
DHONDT EQUESTRIAN AND RECYCLING PROJECTS
since 20212.318.961.677
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37006B0511/00A000 | Flanders | 6,394 m² | 1 · 1,511 m² | 7.5 m · 2 fl. |
| 37302E0638/00H000 | Flanders | 6,222 m² | 1 · 887 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 948 companies in sector 85699 we hold annual accounts for 147. 71 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2018
Fiscal year end31-12
Abbreviation NL
DEAR PROJECTS
Activities, NACEBEL
85699Other educational support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.