H.NCD

H.NCD 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 €3.3m and a net result of €84,755. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 47% of 2655 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.