Summary
H.D. TRADING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €377k and a net result of €16k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 5527 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 5527 sector peers (2025).
NBB · sector comparisonPosition among 5527 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
31 d late
2022
30 d late
2021
10 d late
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€377k▲ 4.0%
2024 · €362k
2018: €113k
2019: €105k
2020: €142k
2021: €192k
2022: €237k
2023: €303k
2024: €362k
2018 → 2025
Net result
€16k▼ 73.4%
2024 · €61k
2018: €54k
2019: €19k
2020: €38k
2021: €52k
2022: €46k
2023: €68k
2024: €61k
2018 → 2025
Total assets
€1.91M▲ 24.5%
2024 · €1.53M
2018: €1.06M
2019: €1.06M
2020: €1.42M
2021: €1.83M
2022: €1.80M
2023: €1.72M
2024: €1.53M
2018 → 2025
Solvency
19.8%▼ 3.9pp
2024 · 23.7%
2018: 10.7%
2019: 9.9%
2020: 10.0%
2021: 10.5%
2022: 13.1%
2023: 17.7%
2024: 23.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€192k-€237k▲ 23.1%€303k▲ 28.1%€362k▲ 19.5%€377k▲ 4.0%
Operating result€85k-€100k▲ 17.3%€124k▲ 24.4%€109k▼ 12.3%€50k▼ 54.2%
Net result€52k-€46k▼ 10.9%€68k▲ 47.9%€61k▼ 10.8%€16k▼ 73.4%
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 two years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.91M
Fixed assets
€1.71M ▲ 27.9%
Current assets
€197k ▲ 1.3%
Equity and liabilities €1.91M
Equity
€377k ▲ 4.0%
Debt
€1.53M ▲ 30.8%
Debt's share of the balance-sheet total rises from 76.3% to 80.2%. Equity and debt are higher.
Key figures and ratios
ROE
4.3%▼
2024 · 16.8%
ROA
0.8%▼
2024 · 4.0%
Debt ≤ 1 year
€512k▲
2024 · €510k
Debt > 1 year
€1.00M▲
2024 · €642k
Income taxes
€8k▼
2024 · €24k
Staff costs
€59k▲
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.53M€1.91M▲
Fixed assets21/28€1.34M€1.71M▲
Tangible fixed assets22/27€762k€1.13M▲
Land and buildings22€701k€1.08M▲
Plant, machinery and equipment23€1k€972▼
Furniture and vehicles24€59k€54k▼
Financial fixed assets28€575k€575k=
Current assets29/58€194k€197k▲
Amounts receivable within one year40/41€191k€191k=
Trade receivables40€99k€99k▲
Other amounts receivable41€92k€92k▼
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€290€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.53M€1.91M▲
Equity10/15€362k€377k▲
Contributions10/11€21k€21k=
Reserves13€283k€283k=
Distributable reserves133€283k€283k=
Profit (loss) carried forward14€59k€74k▲
Amounts payable17/49€1.17M€1.53M▲
Amounts payable after more than one year17€642k€1.00M▲
Financial debts170/4€642k€1.00M▲
Amounts payable within one year42/48€510k€512k▲
Current portion of amounts payable after more than one year42€69k€111k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€72k€50k▼
Taxes450/3€58k€34k▼
Remuneration and social security454/9€14k€16k▲
Other amounts payable47/48€364k€349k▼
Accrued charges and deferred income492/3€17k€12k▼
Income statement
Code20242025
Remuneration, social security and pensions62€57k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€61k▲
Other operating charges640/8€3k€61k▲
Gross operating margin9900€227k€231k▲
Operating profit (loss)9901€109k€50k▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€24k€26k▲
Recurring financial charges65€24k€26k▲
Profit (loss) for the period before taxes9903€85k€24k▼
Income taxes67/77€24k€8k▼
Profit (loss) for the period9904€61k€16k▼
Profit (loss) for the period to be appropriated9905€61k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€75k▲
Profit (loss) brought forward from the previous period14P-€59k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (14 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €16k ▼73.4%
Net result drops to €16k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €68k ▲47.9%
Operating result €124k, net result €68k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €200kEq €237k ▲23.1%
5 profitable years in a row build equity to €237k.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
31-12
Financial
Equity above €150kEq €192k ▲35.2%
4 profitable years in a row build equity to €192k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
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.
Directors · office · real estate
Directors
4 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, Hamont-Achel · 2 establishment units since 2002
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.
Stad 323930 Hamont-AchelGround area
2,044 m²
Building footprint
473 m²
Volume, LiDAR
2,811 m³
2 parcels, Flanders · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Stad 32, 3930 Hamont-Achel
since 20022.114.710.262
ACHT & 80
since 20212.322.596.308
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012E0433/00D000 | Flanders | 1,499 m² | 1 · 220 m² | 8.4 m · 2 fl. |
| 72012B0117/00H000 | Flanders | 544 m² | 1 · 253 m² | 11.4 m · 2 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.
Similar companies · same sector, comparable size
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MLV DM CONSULTING
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C.A.N.S. FINANCE
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HOLDING GRIET GABRIELS
BE 0841.948.023
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,770 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.