HADIJCO
ActiveSummary
HADIJCO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €348,051 and a net result of €9,259. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-6
Solvency43▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.16 in 2024; short-term debt: 21.7% and cash: 4% of total assets), and 81.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
18.4%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7930 sector peers (2025).
NBB · sector comparisonPosition among 7930 sector peers
Solvency
better than 19%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
5 d late
2023
44 d early
2022
54 d early
2021
54 d early
2020
54 d early
2019
30 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 33 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€348,051▲ 2.7%
2024 · €338,792
Total assets
€1.9m▲ 11.4%
2024 · €1.7m
Net result
€9,259▼ 88.8%
2024 · €82,808
Working capital
-€76,444
2024 · €51,536
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€33,968▼ 49.3%€48,337▲ 42.3%€37,892▼ 21.6%€127,815▲ 237%€61,542▼ 51.9%
Net result€13,443within the sector's middle half▼ 71.8%€9,856within the sector's middle half▼ 26.7%€12,029within the sector's middle half▲ 22.1%€82,808within the sector's middle half▲ 588%€9,259within the sector's middle half▼ 88.8%
Equity€234,099within the sector's middle half▲ 6.1%€243,955within the sector's middle half▲ 4.2%€255,984within the sector's middle half▲ 4.9%€338,792within the sector's middle half▲ 32.3%€348,051within the sector's middle half▲ 2.7%
Total assets€1.2mwithin the sector's middle half▲ 17.4%€1.7mabove the sector's middle half▲ 44.8%€1.7mabove the sector's middle half▲ 1.0%€1.7mwithin the sector's middle half▼ 0.7%€1.9mabove the sector's middle half▲ 11.4%
Debt€931,901▲ 20.5%€1.4m▲ 55.3%€1.5m▲ 0.4%€1.3m▼ 7.4%€1.5m▲ 14.0%
Working capital€70,638within the sector's middle half▼ 28.2%-€233,568below the sector's middle half-€42,691below the sector's middle half▲ 81.7%€51,536within the sector's middle half-€76,444below the sector's middle half
Solvency20.0%below the sector's middle half▼ 2.1pp14.4%below the sector's middle half▼ 5.6pp14.9%below the sector's middle half▲ 0.6pp19.9%below the sector's middle half▲ 5.0pp18.4%below the sector's middle half▼ 1.5pp
Current ratio1.26within the sector's middle half▼ 0.140.67below the sector's middle half▼ 0.600.91below the sector's middle half▲ 0.241.16below the sector's middle half▲ 0.250.81below the sector's middle half▼ 0.35
Return on assets (ROA)1.1%below the sector's middle half▼ 3.6pp0.6%below the sector's middle half▼ 0.6pp0.7%below the sector's middle half▲ 0.1pp4.9%within the sector's middle half▲ 4.2pp0.5%below the sector's middle half▼ 4.4pp
Staff (FTE)2below the sector's middle half▼ 28.6%2below the sector's middle half=1below the sector's middle half▼ 50.0%1.6below the sector's middle half▲ 60.0%1.3below the sector's middle half▼ 18.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.6m ▲ 17.2%
Current assets
€334,967 ▼ 9.5%
Equity and liabilities €1.9m
Equity
€348,051 ▲ 2.7%
Provisions
€12,990 ▼ 22.2%
Debt
€1.5m ▲ 14.0%
Debt's share of the balance-sheet total rises from 79.1% to 80.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€348,161▼
2024 · €365,653
Cash flow
€295,878▼
2024 · €320,646
Quick ratio
0.79▼
2024 · 1.14
Debt to equity
4.41▲
2024 · 3.97
ROE
2.7%▼
2024 · 24.4%
Interest coverage
9.33▼
2024 · 12.33
Debt ≤ 1 year
€411,411▲
2024 · €318,598
Debt > 1 year
€1.1m▲
2024 · €1.0m
Income taxes
€19,846▼
2024 · €31,775
Staff costs
€102,080▲
2024 · €92,260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 3,980 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 | €13,182 | €62,800 | - | €116,893 | €41,126 | ▼ 64.8% |
| Remuneration, social security and pensions62 | €123,671 | €134,801 | €72,553 | €92,260 | €102,080 | ▲ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158,274 | €199,522 | €217,467 | €237,838 | €286,619 | ▲ 20.5% |
| Other operating charges640/8 | €4,491 | €5,075 | €4,430 | €6,033 | €4,458 | ▼ 26.1% |
| Non-recurring operating charges66A | €1,444 | €5,457 | - | €3,152 | €0 | ▼ 100% |
| Gross operating margin9900 | €321,849 | €393,191 | €332,343 | €467,098 | €454,699 | ▼ 2.7% |
| Operating profit (loss)9901 | €33,968 | €48,337 | €37,892 | €127,815 | €61,542 | ▼ 51.9% |
| Financial income75/76B | €1,015 | €1,932 | €1,959 | €29,144 | €1,187 | ▼ 95.9% |
| Recurring financial income75 | €1,015 | €1,932 | €1,959 | €29,144 | €1,187 | ▼ 95.9% |
| Financial charges65/66B | €17,175 | €41,034 | €22,569 | €29,651 | €37,329 | ▲ 25.9% |
| Recurring financial charges65 | €17,175 | €16,060 | €22,569 | €29,651 | €37,329 | ▲ 25.9% |
| Non-recurring financial charges66B | - | €24,973 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €17,808 | €9,236 | €17,282 | €127,308 | €25,400 | ▼ 80.0% |
| Transfer from deferred taxes780 | €726 | €947 | €947 | €1,063 | €3,705 | ▲ 248% |
| Transfer to deferred taxes680 | €2,636 | - | - | €13,787 | €0 | ▼ 100% |
| Income taxes67/77 | €2,454 | €327 | €6,200 | €31,775 | €19,846 | ▼ 37.5% |
| Profit (loss) for the period9904 | €13,443 | €9,856 | €12,029 | €82,808 | €9,259 | ▼ 88.8% |
| Transfer from tax-exempt reserves789 | €2,905 | €3,789 | €3,789 | €4,252 | €14,819 | ▲ 248% |
| Transfer to tax-exempt reserves689 | €10,546 | - | - | €55,150 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €5,803 | €13,645 | €15,819 | €31,911 | €24,078 | ▼ 24.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.7m | €1.7m | €1.7m | €1.9m | ▲ 11.4% |
| Fixed assets21/28 | €832,817 | €1.2m | €1.3m | €1.3m | €1.6m | ▲ 17.2% |
| Tangible fixed assets22/27 | €832,817 | €1.2m | €1.3m | €1.3m | €1.6m | ▲ 17.2% |
| Land and buildings22 | €3,242 | €12,542 | €11,225 | €9,908 | €15,396 | ▲ 55.4% |
| Plant, machinery and equipment23 | €186,263 | €237,842 | €201,691 | €183,872 | €136,345 | ▼ 25.8% |
| Furniture and vehicles24 | €121,274 | €86,564 | €64,096 | €227,810 | €170,605 | ▼ 25.1% |
| Leasing and similar rights25 | €522,038 | €577,923 | €481,282 | €432,367 | €676,257 | ▲ 56.4% |
| Other tangible fixed assets26 | - | €311,505 | €512,348 | €476,781 | €560,797 | ▲ 17.6% |
| Current assets29/58 | €339,048 | €470,109 | €442,012 | €370,134 | €334,967 | ▼ 9.5% |
| Stocks and contracts in progress3 | €10,631 | €25,874 | €2,743 | €5,920 | €11,431 | ▲ 93.1% |
| Stocks30/36 | €10,631 | €25,874 | €2,743 | €5,920 | €11,431 | ▲ 93.1% |
| Amounts receivable within one year40/41 | €227,011 | €368,234 | €345,953 | €257,170 | €207,600 | ▼ 19.3% |
| Trade receivables40 | €216,846 | €347,049 | €313,285 | €257,170 | €204,368 | ▼ 20.5% |
| Other amounts receivable41 | €10,165 | €21,185 | €32,668 | - | €3,231 | - |
| Current investments50/53 | €20,000 | €23,903 | €29,756 | €29,756 | €29,756 | = |
| Cash at bank and in hand54/58 | €63,756 | €45,024 | €44,512 | €59,313 | €75,560 | ▲ 27.4% |
| Deferred charges and accrued income490/1 | €17,650 | €7,074 | €19,048 | €17,974 | €10,621 | ▼ 40.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.7m | €1.7m | €1.7m | €1.9m | ▲ 11.4% |
| Equity10/15 | €234,099 | €243,955 | €255,984 | €338,792 | €348,051 | ▲ 2.7% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €134,099 | €143,955 | €155,984 | €238,792 | €248,051 | ▲ 3.9% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | €23,752 | €19,963 | €16,174 | €67,071 | €52,252 | ▼ 22.1% |
| Distributable reserves133 | €100,347 | €113,992 | €129,810 | €161,721 | €185,799 | ▲ 14.9% |
| Provisions and deferred taxes16 | €5,865 | €4,918 | €3,971 | €16,695 | €12,990 | ▼ 22.2% |
| Deferred taxes168 | €5,865 | €4,918 | €3,971 | €16,695 | €12,990 | ▼ 22.2% |
| Amounts payable17/49 | €931,901 | €1.4m | €1.5m | €1.3m | €1.5m | ▲ 14.0% |
| Amounts payable after more than one year17 | €663,491 | €743,935 | €967,995 | €1.0m | €1.1m | ▲ 9.3% |
| Financial debts170/4 | €663,491 | €743,935 | €967,995 | €1.0m | €1.1m | ▲ 9.3% |
| Amounts payable within one year42/48 | €268,409 | €703,677 | €484,703 | €318,598 | €411,411 | ▲ 29.1% |
| Current portion of amounts payable after more than one year42 | €121,792 | €209,266 | €172,626 | €127,825 | €255,027 | ▲ 99.5% |
| Trade debts44 | €70,325 | €129,515 | €164,165 | €48,162 | €57,077 | ▲ 18.5% |
| Suppliers440/4 | €70,325 | €129,515 | €164,165 | €48,162 | €57,077 | ▲ 18.5% |
| Taxes, remuneration and social security45 | €17,552 | €36,011 | €45,689 | €76,931 | €41,390 | ▼ 46.2% |
| Taxes450/3 | €5,752 | €2,781 | €6,200 | €40,623 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €11,800 | €33,230 | €39,489 | €36,307 | €41,390 | ▲ 14.0% |
| Other amounts payable47/48 | €58,741 | €328,885 | €102,223 | €65,680 | €57,918 | ▼ 11.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,443 | €9,856 | €12,029 | €82,808 | €9,259 | ▼ 88.8% |
| + Depreciation and write-downs630 | €158,274 | €199,522 | €217,467 | €237,838 | €286,619 | ▲ 20.5% |
| Operating cash flow (approximation) | €171,718 | €209,377 | €229,496 | €320,646 | €295,878 | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | -€593,080 | -€261,732 | -€297,934 | -€515,281 | ▼ 73.0% |
| Change in cash | - | -€18,732 | -€512 | €14,801 | €16,247 | ▲ 9.8% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
31-12
Financial
Highest result since 2018net €82,808 ▲588%
Operating result €127,815, net result €82,808, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €47,639
Net result €47,639 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €220,655 ▲27.5%
Equity rises from €173,016 to €220,655.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€660
Net result drops to -€660, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Lier · 1 establishment unit since 2002
Ground area
158 m²
Building footprint
158 m²
Volume, LiDAR
932 m³
Parcel 12392A0248/00E000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Paaiestraat 74, 2500 Lier
since 20022.211.412.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0248/00E000 | Flanders | 158 m² | 1 · 158 m² | 8.5 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.
Structure & network
Owners and holdings
4 ownersOwners 4
- Dries Van Dycknatural personSourceown accounts 202425%
- Hans Van Dycknatural personSourceown accounts 202425%
- Martine Irma Wijnsnatural personSourceown accounts 202425%
- Rani Van Dycknatural personSourceown accounts 202425%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of HADIJCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 8,449 EUR awarded · 8,449 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 360 EUR | 477 EUR |
| 2024 | 1 | 2,242 EUR | 2,125 EUR |
| 2023 | 1 | 2,847 EUR | 2,847 EUR |
| 2022 | 1 | 3,000 EUR | 3,000 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteLier2.211.412.532
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Of 8,464 companies in sector 43120 we hold annual accounts for 3,233. 2,386 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
Founded22-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476794986
Also
9925:BE0476794986
Registered
20-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.