H.D.S. GLASTUINBOUW
ActiveSummary
H.D.S. GLASTUINBOUW has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €110,224. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 77% of 1765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-16
Solvency95▲+12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.19 in 2024; short-term debt: 25.5% and cash: 9.9% of total assets), and 30.2% 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
69.8%
Return on assets
4.1%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
6 d early
2023
23 d early
2022
19 d early
2021
17 d early
2020
3 d early
2019
21 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 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
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 Is the workforce growing, and do people stay?Employer check 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
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 2025, abbreviated schema
Equity
€1.9m▲ 6.0%
2024 · €1.8m
Total assets
€2.7m▼ 11.5%
2024 · €3.1m
Net result
€110,224▼ 78.8%
2024 · €520,864
Working capital
€449,189▲ 121%
2024 · €203,219
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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
Line20212022202320242025
Operating result€160,916▼ 77.8%-€105,014€400,431€793,793▲ 98.2%€193,159▼ 75.7%
Net result€112,787within the sector's middle half▼ 77.7%-€115,276below the sector's middle half€311,289above the sector's middle half€520,864above the sector's middle half▲ 67.3%€110,224within the sector's middle half▼ 78.8%
Equity€1.7mabove the sector's middle half▲ 7.6%€1.6mabove the sector's middle half▼ 7.1%€1.8mabove the sector's middle half▲ 10.2%€1.8mabove the sector's middle half▲ 0.9%€1.9mabove the sector's middle half▲ 6.0%
Total assets€3.4mabove the sector's middle half▲ 19.6%€3.1mwithin the sector's middle half▼ 9.1%€2.9mwithin the sector's middle half▼ 5.0%€3.1mwithin the sector's middle half▲ 5.6%€2.7mwithin the sector's middle half▼ 11.5%
Debt€1.6m▲ 35.8%€1.4m▼ 11.2%€1.1m▼ 21.8%€1.3m▲ 12.9%€818,367▼ 35.9%
Working capital€212,181within the sector's middle half€418,302within the sector's middle half▲ 97.1%€330,111within the sector's middle half▼ 21.1%€203,219within the sector's middle half▼ 38.4%€449,189within the sector's middle half▲ 121%
Solvency51.5%within the sector's middle half▼ 5.8pp52.6%within the sector's middle half▲ 1.1pp61.0%above the sector's middle half▲ 8.4pp58.3%within the sector's middle half▼ 2.7pp69.8%above the sector's middle half▲ 11.5pp
Current ratio1.20within the sector's middle half▲ 0.221.55within the sector's middle half▲ 0.351.48within the sector's middle half▼ 0.071.19within the sector's middle half▼ 0.291.65within the sector's middle half▲ 0.46
Return on assets (ROA)3.4%within the sector's middle half▼ 14.7pp-3.8%below the sector's middle half▼ 7.1pp10.7%within the sector's middle half▲ 14.5pp17.0%above the sector's middle half▲ 6.3pp4.1%within the sector's middle half▼ 12.9pp
Staff (FTE)17.9above the sector's middle half▲ 42.1%16.8above the sector's middle half▼ 6.1%14.8above the sector's middle half▼ 11.9%13.8above the sector's middle half▼ 6.8%13above the sector's middle half▼ 5.8%
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.6m ▼ 12.2%
Current assets
€1.1m ▼ 10.4%
Equity and liabilities €2.7m
Equity
€1.9m ▲ 6.0%
Provisions
€642 ▼ 16.7%
Debt
€818,367 ▼ 35.9%
Debt's share of the balance-sheet total falls from 41.7% to 30.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€370,276▼
2024 · €950,309
Cash flow
€287,341▼
2024 · €677,380
Quick ratio
1.42▲
2024 · 1.04
Debt to equity
0.43▼
2024 · 0.72
ROE
5.8%▼
2024 · 29.2%
Interest coverage
7.56▼
2024 · 21.25
Debt ≤ 1 year
€691,791▼
2024 · €1.1m
Debt > 1 year
€0▼
2024 · €206,250
Income taxes
€46,249▼
2024 · €235,804
Staff costs
€518,761▲
2024 · €474,652
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 6,045 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,600 | - | €2,066 | €1,000 | €5,000 | ▲ 400% |
| Remuneration, social security and pensions62 | €474,095 | €489,371 | €478,046 | €474,652 | €518,761 | ▲ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €178,807 | €166,375 | €153,858 | €156,516 | €177,116 | ▲ 13.2% |
| Other operating charges640/8 | €152,602 | €33,571 | €21,146 | €59,257 | €44,386 | ▼ 25.1% |
| Non-recurring operating charges66A | - | €19,334 | €0 | €2,278 | €22,359 | ▲ 881% |
| Gross operating margin9900 | €966,419 | €603,637 | €1.1m | €1.5m | €955,782 | ▼ 35.7% |
| Operating profit (loss)9901 | €160,916 | -€105,014 | €400,431 | €793,793 | €193,159 | ▼ 75.7% |
| Financial income75/76B | €18,657 | €10,227 | €11,650 | €7,476 | €12,172 | ▲ 62.8% |
| Recurring financial income75 | €18,657 | €10,227 | €11,650 | €7,476 | €12,172 | ▲ 62.8% |
| Financial charges65/66B | €20,833 | €20,267 | €22,227 | €44,729 | €48,986 | ▲ 9.5% |
| Recurring financial charges65 | €20,833 | €20,267 | €22,227 | €44,729 | €48,986 | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €158,741 | -€115,054 | €389,854 | €756,539 | €156,345 | ▼ 79.3% |
| Transfer from deferred taxes780 | €823 | €423 | €423 | €128 | €128 | = |
| Income taxes67/77 | €46,777 | €645 | €78,988 | €235,804 | €46,249 | ▼ 80.4% |
| Profit (loss) for the period9904 | €112,787 | -€115,276 | €311,289 | €520,864 | €110,224 | ▼ 78.8% |
| Profit (loss) for the period to be appropriated9905 | €112,787 | -€115,276 | €311,289 | €520,864 | €110,224 | ▼ 78.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.1m | €2.9m | €3.1m | €2.7m | ▼ 11.5% |
| Formation expenses20 | €5,509 | €3,675 | €1,842 | €8 | €0 | ▼ 100% |
| Fixed assets21/28 | €2.1m | €1.9m | €1.9m | €1.8m | €1.6m | ▼ 12.2% |
| Intangible fixed assets21 | €79,515 | €63,829 | €61,814 | €23,374 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2.0m | €1.8m | €1.8m | €1.8m | €1.6m | ▼ 11.1% |
| Land and buildings22 | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 7.4% |
| Plant, machinery and equipment23 | €339,632 | €266,250 | €272,759 | €239,107 | €184,328 | ▼ 22.9% |
| Furniture and vehicles24 | €49,179 | €22,717 | €95,885 | €153,457 | €113,813 | ▼ 25.8% |
| Financial fixed assets28 | €355 | €355 | €355 | €355 | €355 | = |
| Current assets29/58 | €1.3m | €1.2m | €1.0m | €1.3m | €1.1m | ▼ 10.4% |
| Amounts receivable after more than one year29 | - | - | - | €10,841 | €32,523 | ▲ 200% |
| Other amounts receivable291 | - | - | - | €10,841 | €32,523 | ▲ 200% |
| Stocks and contracts in progress3 | €154,854 | €177,804 | €189,184 | €157,952 | €161,028 | ▲ 1.9% |
| Stocks30/36 | €154,854 | €177,804 | €189,184 | €157,952 | €161,028 | ▲ 1.9% |
| Amounts receivable within one year40/41 | €542,203 | €361,875 | €320,401 | €379,786 | €304,930 | ▼ 19.7% |
| Trade receivables40 | €309,812 | €203,882 | €182,033 | €336,430 | €169,261 | ▼ 49.7% |
| Other amounts receivable41 | €232,391 | €157,993 | €138,368 | €43,357 | €135,669 | ▲ 213% |
| Current investments50/53 | - | - | €200,000 | €184,682 | €196,682 | ▲ 6.5% |
| Cash at bank and in hand54/58 | €557,328 | €618,795 | €263,199 | €507,012 | €267,195 | ▼ 47.3% |
| Deferred charges and accrued income490/1 | €33,765 | €21,571 | €46,632 | €33,240 | €178,622 | ▲ 437% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.1m | €2.9m | €3.1m | €2.7m | ▼ 11.5% |
| Equity10/15 | €1.7m | €1.6m | €1.8m | €1.8m | €1.9m | ▲ 6.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €1.6m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 6.6% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €10,000 | €0 | - | - | - |
| Distributable reserves133 | €1.6m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 6.6% |
| Profit (loss) carried forward14 | €10,966 | -€104,310 | €0 | €0 | €0 | - |
| Investment grants15 | €33,167 | €25,124 | €17,080 | €14,640 | €12,200 | ▼ 16.7% |
| Provisions and deferred taxes16 | €1,746 | €1,322 | €899 | €771 | €642 | ▼ 16.7% |
| Deferred taxes168 | €1,746 | €1,322 | €899 | €771 | €642 | ▼ 16.7% |
| Amounts payable17/49 | €1.6m | €1.4m | €1.1m | €1.3m | €818,367 | ▼ 35.9% |
| Amounts payable after more than one year17 | €553,125 | €685,000 | €441,875 | €206,250 | €0 | ▼ 100% |
| Financial debts170/4 | €553,125 | €685,000 | €441,875 | €206,250 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.1m | €761,743 | €689,305 | €1.1m | €691,791 | ▼ 35.4% |
| Current portion of amounts payable after more than one year42 | €128,285 | €68,125 | €193,125 | €45,625 | €75,000 | ▲ 64.4% |
| Financial debts43 | €6,405 | €7,110 | €9,294 | €25,468 | €26,922 | ▲ 5.7% |
| Credit institutions430/8 | €6,405 | €7,110 | €9,294 | €25,468 | €26,922 | ▲ 5.7% |
| Trade debts44 | €622,391 | €387,178 | €207,590 | €196,828 | €96,923 | ▼ 50.8% |
| Suppliers440/4 | €622,391 | €387,178 | €207,590 | €196,828 | €96,923 | ▼ 50.8% |
| Taxes, remuneration and social security45 | €69,000 | €50,111 | €62,631 | €111,722 | €97,145 | ▼ 13.0% |
| Taxes450/3 | €5,532 | €4,476 | €25,289 | €66,815 | €40,839 | ▼ 38.9% |
| Remuneration and social security454/9 | €63,469 | €45,635 | €37,342 | €44,907 | €56,306 | ▲ 25.4% |
| Other amounts payable47/48 | €249,887 | €249,220 | €216,665 | €690,651 | €395,800 | ▼ 42.7% |
| Accrued charges and deferred income492/3 | €450 | €44 | €0 | €861 | €126,576 | ▲ 14,605% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,787 | -€115,276 | €311,289 | €520,864 | €110,224 | ▼ 78.8% |
| + Depreciation and write-downs630 | €178,807 | €166,375 | €153,858 | €156,516 | €177,116 | ▲ 13.2% |
| Operating cash flow (approximation) | €291,594 | €51,099 | €465,147 | €677,380 | €287,341 | ▼ 57.6% |
| Investment in fixed assets (approximation) | - | €30,187 | -€163,535 | -€65,539 | €41,725 | ▲ 164% |
| Change in cash | - | €61,467 | -€355,597 | €243,813 | -€239,817 | ▼ 198% |
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
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €520,864 ▲67.3%
Operating result €793,793, net result €520,864, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €311,289
Net result €311,289 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€115,276
Net result drops to -€115,276, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.1m ▲31.1%
2 profitable years in a row build equity to €1.1m.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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
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, Sint-Katelijne-Waver · 1 establishment unit since 2008
Ground area
3.1 ha
Building footprint
2.2 ha
Volume, LiDAR
53,532 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lombaardstraat 10A, 2860 Sint-Katelijne-Waver
since 20082.175.255.880
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422C0366/00Y000 | Flanders | 3.0 ha | 1 · 2.2 ha | 8.1 m · 1 fl. |
| 12422C0381/00D003 | Flanders | 1,645 m² | 1 · 110 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Katelijne-Waver2.175.255.880
Similar companies · same sector, comparable size
MEULEMAN
BE 0533.912.546
Jabbeke · Eq €1,892,431
TOM-AGRI
BE 0830.107.390
Florennes · Eq €1,905,018
MOORS FRUIT PRODUCTION
BE 0472.350.111
Riemst · Eq €1,910,531
DECADT-VERHELST
BE 0823.129.330
Staden · Eq €1,911,491
POMUNI TEELT NV
BE 0659.709.965
Ranst · Eq €1,870,925
Of 3,623 companies in sector 01130 we hold annual accounts for 789. 521 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
Founded04-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
01130Growing of vegetables, melons, roots and tubers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808237256
Also
9925:BE0808237256
Registered
12-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.