H D ENGINEERING
ActiveSummary
The annual accounts of H D ENGINEERING for fiscal year 2025 show a net loss of 382% of total assets and of 79% of the equity at the start of that year. The 2025 annual accounts show equity of €19,218 and a net result of -€74,476. Equity is shrinking by ~20.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 95% of 9511 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 70.21 against 15.6 in 2024; short-term debt: 1.4% and cash: 0.2% of total assets), and 1.4% of the assets are financed with debt.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.6%
Return on assets
-382%
Age of the figures
18 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€74,476
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
1 d early
2022
4 d early
2021
3 d early
2020
32 d early
2019
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€19,218▼ 79.5%
2024 · €93,694
Total assets
€19,496▼ 79.9%
2024 · €97,090
Net result
-€74,476▲ 23.6%
2024 · -€97,518
Working capital
€19,218▼ 61.2%
2024 · €49,594
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€64,079▼ 360%-€26,071▲ 59.3%€9,245-€15,260-€52,967▼ 247%
Net result-€38,500▼ 198%-€28,777▲ 25.3%€7,321-€97,518-€74,476▲ 23.6%
Equity€212,668▼ 15.3%€183,891▼ 13.5%€191,212▲ 4.0%€93,694▼ 51.0%€19,218▼ 79.5%
Total assets€226,932▼ 21.9%€188,771▼ 16.8%€211,804▲ 12.2%€97,090▼ 54.2%€19,496▼ 79.9%
Debt€14,264▼ 63.9%€4,881▼ 65.8%€20,592▲ 322%€3,396▼ 83.5%€278▼ 91.8%
Working capital€209,662▼ 14.9%€180,885▼ 13.7%€189,611▲ 4.8%€49,594▼ 73.8%€19,218▼ 61.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €52,967 in 2025 against €15,260 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €19,496
Equity
€19,218 ▼ 79.5%
Debt
€278 ▼ 91.8%
Debt's share of the balance-sheet total falls from 3.5% to 1.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€51,367
Cash flow
-€72,876
Current ratio
70.21▲
2024 · 15.60
Debt to equity
0.01▼
2024 · 0.04
ROE
-387.5%▼
2024 · -104.1%
ROA
-382.0%▼
2024 · -100.4%
Interest coverage
-951.23
Debt ≤ 1 year
€278▼
2024 · €3,396
Income taxes
€109
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,600 | - | €1,600 | - | €1,600 | - |
| Other operating charges640/8 | - | €1,279 | €213 | €986 | €657 | ▼ 33.4% |
| Non-recurring operating charges66A | - | - | - | - | €40,287 | - |
| Gross operating margin9900 | -€62,400 | -€24,792 | €11,059 | -€14,274 | -€10,422 | ▲ 27.0% |
| Operating profit (loss)9901 | -€64,079 | -€26,071 | €9,245 | -€15,260 | -€52,967 | ▼ 247% |
| Financial income75/76B | - | €11,000 | - | - | €18,100 | - |
| Recurring financial income75 | - | €11,000 | - | - | €18,100 | - |
| Non-recurring financial income76B | - | €11,000 | - | - | €18,100 | - |
| Financial charges65/66B | - | €13,707 | €1,546 | €82,258 | €39,500 | ▼ 52.0% |
| Recurring financial charges65 | €890 | €13,707 | €1,546 | €134 | €54 | ▼ 59.7% |
| Non-recurring financial charges66B | - | - | - | €82,124 | €39,446 | ▼ 52.0% |
| Profit (loss) for the period before taxes9903 | -€50,970 | -€28,777 | €7,699 | -€97,518 | -€74,367 | ▲ 23.7% |
| Income taxes67/77 | -€12,470 | - | €378 | - | €109 | - |
| Profit (loss) for the period9904 | -€38,500 | -€28,777 | €7,321 | -€97,518 | -€74,476 | ▲ 23.6% |
| Profit (loss) for the period to be appropriated9905 | -€38,500 | -€28,777 | €7,321 | -€97,518 | -€74,476 | ▲ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226,932 | €188,771 | €211,804 | €97,090 | €19,496 | ▼ 79.9% |
| Fixed assets21/28 | €3,201 | €3,201 | €1,600 | €44,100 | - | - |
| Tangible fixed assets22/27 | €3,201 | €3,201 | €1,600 | €44,100 | - | - |
| Land and buildings22 | - | €3,201 | €1,600 | €1,600 | - | - |
| Furniture and vehicles24 | - | - | - | €42,500 | - | - |
| Current assets29/58 | €223,732 | €185,571 | €210,204 | €52,989 | €19,496 | ▼ 63.2% |
| Amounts receivable within one year40/41 | €217,321 | €162,547 | €141,616 | €51,718 | €19,459 | ▼ 62.4% |
| Trade receivables40 | - | €94,140 | €137,170 | €35,000 | - | - |
| Other amounts receivable41 | - | €68,407 | €4,446 | €16,718 | €19,459 | ▲ 16.4% |
| Cash at bank and in hand54/58 | €6,411 | €23,023 | €68,588 | €1,271 | €37 | ▼ 97.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226,932 | €188,771 | €211,804 | €97,090 | €19,496 | ▼ 79.9% |
| Equity10/15 | €212,668 | €183,891 | €191,212 | €93,694 | €19,218 | ▼ 79.5% |
| Contributions10/11 | - | €13,400 | €13,400 | €13,400 | €13,400 | = |
| Reserves13 | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €68,000 | €68,000 | €68,000 | €68,000 | = |
| Profit (loss) carried forward14 | €129,268 | €100,491 | €107,812 | €10,294 | -€64,182 | ▼ 723% |
| Amounts payable17/49 | €14,264 | €4,881 | €20,592 | €3,396 | €278 | ▼ 91.8% |
| Amounts payable within one year42/48 | €14,069 | €4,686 | €20,592 | €3,396 | €278 | ▼ 91.8% |
| Trade debts44 | €13,533 | €4,168 | €11,417 | €3,128 | - | - |
| Suppliers440/4 | - | €4,168 | €11,417 | €3,128 | - | - |
| Taxes, remuneration and social security45 | - | €518 | €6,258 | €267 | €278 | ▲ 3.9% |
| Taxes450/3 | - | €518 | €6,258 | €267 | €278 | ▲ 3.9% |
| Other amounts payable47/48 | - | - | €2,917 | - | - | - |
| Accrued charges and deferred income492/3 | - | €195 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,500 | -€28,777 | €7,321 | -€97,518 | -€74,476 | ▲ 23.6% |
| + Depreciation and write-downs630 | €1,600 | - | €1,600 | - | €1,600 | - |
| Operating cash flow (approximation) | -€36,899 | -€28,777 | €8,921 | -€97,518 | -€72,876 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€42,500 | - | - |
| Change in cash | - | €16,612 | €45,564 | -€67,317 | -€1,234 | ▲ 98.2% |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 70.21
Current ratio from 15.60 to 70.21; short-term debt falls from €3,396 to €278.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet -€97,518
Net result drops to -€97,518, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €7,321
Net result €7,321 after 4 loss-making years.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 39.60
Current ratio from 15.90 to 39.60; short-term debt falls from €14,069 to €4,686.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 15.90
Current ratio from 7.23 to 15.90; short-term debt falls from €39,533 to €14,069.
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-09
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
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2002
Ground area
2,627 m²
Building footprint
284 m²
Volume, LiDAR
1,348 m³
Parcel 71305F1353/00T015, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Hutten 75, 3600 Genk
since 20022.095.767.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71305F1353/00T015 | Flanders | 2,627 m² | 1 · 284 m² | 7.6 m · 2 fl. |
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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 3,927 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-03-2002
Fiscal year end31-03
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.