HADRON
ActiveSummary
HADRON has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €256,068 and a net result of €24,823. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 65% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-6
Solvency95▲+38
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 6.64 against 0.41 in 2023; short-term debt: 9.9% and cash: 9.3% of total assets), and 30.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : 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+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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
7 d early
2022
80 d early
2021
79 d early
2020
14 d early
2019
351 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
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 2024, abbreviated schema
Equity
€256,068▲ 10.7%
2023 · €231,245
Total assets
€366,152▼ 48.6%
2023 · €713,020
Net result
€24,823▼ 36.3%
2023 · €38,987
Working capital
€204,056
2023 · -€258,601
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
Line20202021202220232024
Operating result-€67,440€67,783€60,910▼ 10.1%€60,785▼ 0.2%€45,334▼ 25.4%
Net result-€73,285€57,378€33,675▼ 41.3%€38,987▲ 15.8%€24,823▼ 36.3%
Equity€328,684▼ 18.2%€386,062▲ 17.5%€518,534▲ 34.3%€231,245▼ 55.4%€256,068▲ 10.7%
Total assets€819,543▼ 15.8%€731,439▼ 10.8%€842,321▲ 15.2%€713,020▼ 15.4%€366,152▼ 48.6%
Debt€453,939▼ 12.4%€311,597▼ 31.4%€292,386▼ 6.2%€452,756▲ 54.8%€110,085▼ 75.7%
Working capital-€323,147▼ 70.5%-€18,202▲ 94.4%-€69,249▼ 280%-€258,601▼ 273%€204,056
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 three years in a row; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €366,152
Fixed assets
€125,898 ▼ 76.3%
Current assets
€240,254 ▲ 31.3%
Equity and liabilities €366,152
Equity
€256,068 ▲ 10.7%
Provisions
€0 ▼ 100%
Debt
€110,085 ▼ 75.7%
Debt's share of the balance-sheet total falls from 63.5% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63,215▼
2023 · €93,085
Cash flow
€42,704▼
2023 · €71,287
Current ratio
6.64▲
2023 · 0.41
Debt to equity
0.43▼
2023 · 1.96
ROE
9.7%▼
2023 · 16.9%
ROA
6.8%▲
2023 · 5.5%
Interest coverage
5.12▼
2023 · 8.73
Debt ≤ 1 year
€36,198▼
2023 · €441,512
Debt > 1 year
€73,887▲
2023 · €11,243
Income taxes
€41,078▲
2023 · €14,789
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €76,774 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,953 | €23,019 | €50,455 | €32,301 | €17,881 | ▼ 44.6% |
| Other operating charges640/8 | - | €3,163 | €2,494 | €2,109 | €2,790 | ▲ 32.3% |
| Gross operating margin9900 | -€54,594 | €93,965 | €113,859 | €95,194 | €66,006 | ▼ 30.7% |
| Operating profit (loss)9901 | -€67,440 | €67,783 | €60,910 | €60,785 | €45,334 | ▼ 25.4% |
| Financial income75/76B | - | €5 | €456 | €1,271 | €3,895 | ▲ 207% |
| Recurring financial income75 | €2 | €5 | €456 | €1,271 | €3,895 | ▲ 207% |
| Financial charges65/66B | - | €10,959 | €5,307 | €10,661 | €12,349 | ▲ 15.8% |
| Recurring financial charges65 | €7,963 | €10,959 | €5,307 | €10,661 | €12,349 | ▲ 15.8% |
| Profit (loss) for the period before taxes9903 | -€75,402 | €56,829 | €56,059 | €51,395 | €36,881 | ▼ 28.2% |
| Transfer from deferred taxes780 | - | €3,139 | €2,381 | €2,381 | €29,020 | ▲ 1,119% |
| Income taxes67/77 | €118 | €2,590 | €24,764 | €14,789 | €41,078 | ▲ 178% |
| Profit (loss) for the period9904 | -€73,285 | €57,378 | €33,675 | €38,987 | €24,823 | ▼ 36.3% |
| Transfer from tax-exempt reserves789 | - | €6,097 | €4,624 | €4,624 | €73,532 | ▲ 1,490% |
| Profit (loss) for the period to be appropriated9905 | -€68,943 | €63,474 | €38,299 | €43,610 | €98,355 | ▲ 126% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €819,543 | €731,439 | €842,321 | €713,020 | €366,152 | ▼ 48.6% |
| Fixed assets21/28 | €690,676 | €466,470 | €637,783 | €530,109 | €125,898 | ▼ 76.3% |
| Intangible fixed assets21 | - | - | €179,616 | - | - | - |
| Tangible fixed assets22/27 | €690,676 | €466,470 | €458,166 | €530,109 | €125,898 | ▼ 76.3% |
| Land and buildings22 | - | €331,999 | €324,512 | €418,393 | €100,671 | ▼ 75.9% |
| Plant, machinery and equipment23 | - | - | - | €1,771 | €1,574 | ▼ 11.1% |
| Furniture and vehicles24 | - | €54,141 | €49,676 | €36,664 | €23,652 | ▼ 35.5% |
| Other tangible fixed assets26 | - | €80,331 | €83,979 | €73,281 | - | - |
| Current assets29/58 | €128,868 | €264,969 | €204,538 | €182,911 | €240,254 | ▲ 31.3% |
| Amounts receivable within one year40/41 | €102,697 | €39,789 | €42,219 | €115,585 | €201,580 | ▲ 74.4% |
| Trade receivables40 | - | €21,929 | €15,881 | €3,414 | €3,816 | ▲ 11.8% |
| Other amounts receivable41 | - | €17,859 | €26,338 | €112,171 | €197,764 | ▲ 76.3% |
| Cash at bank and in hand54/58 | €24,888 | €221,138 | €158,128 | €57,963 | €34,127 | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | €4,043 | €4,191 | €9,363 | €4,547 | ▼ 51.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €819,543 | €731,439 | €842,321 | €713,020 | €366,152 | ▼ 48.6% |
| Equity10/15 | €328,684 | €386,062 | €518,534 | €231,245 | €256,068 | ▲ 10.7% |
| Contributions10/11 | - | €6,200 | €8,700 | €6,200 | €6,200 | = |
| Reserves13 | €360,719 | €379,862 | €509,834 | €225,045 | €249,868 | ▲ 11.0% |
| Tax-exempt reserves132 | - | €134,251 | €129,628 | €73,532 | - | - |
| Distributable reserves133 | - | €245,610 | €380,207 | €151,513 | €249,868 | ▲ 64.9% |
| Profit (loss) carried forward14 | -€38,235 | - | - | - | - | - |
| Provisions and deferred taxes16 | €36,920 | €33,781 | €31,400 | €29,020 | - | - |
| Deferred taxes168 | - | €33,781 | €31,400 | €29,020 | - | - |
| Amounts payable17/49 | €453,939 | €311,597 | €292,386 | €452,756 | €110,085 | ▼ 75.7% |
| Amounts payable after more than one year17 | - | €25,845 | €18,599 | €11,243 | €73,887 | ▲ 557% |
| Financial debts170/4 | - | €25,845 | €18,599 | €11,243 | €73,887 | ▲ 557% |
| Amounts payable within one year42/48 | €452,014 | €283,171 | €273,787 | €441,512 | €36,198 | ▼ 91.8% |
| Current portion of amounts payable after more than one year42 | - | €267,138 | €251,246 | €235,355 | €14,777 | ▼ 93.7% |
| Trade debts44 | €4,125 | €6,363 | €7,243 | €63,069 | €6,264 | ▼ 90.1% |
| Suppliers440/4 | - | €6,363 | €7,243 | €63,069 | €6,264 | ▼ 90.1% |
| Advances received on contracts in progress46 | - | €3,011 | €494 | €494 | - | - |
| Taxes, remuneration and social security45 | - | €6,658 | €14,804 | €17,417 | €15,157 | ▼ 13.0% |
| Taxes450/3 | - | €6,658 | €12,239 | €14,852 | €12,592 | ▼ 15.2% |
| Remuneration and social security454/9 | - | - | €2,565 | €2,565 | €2,565 | = |
| Other amounts payable47/48 | - | - | - | €125,177 | - | - |
| Accrued charges and deferred income492/3 | - | €2,581 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€73,285 | €57,378 | €33,675 | €38,987 | €24,823 | ▼ 36.3% |
| + Depreciation and write-downs630 | €23,953 | €23,019 | €50,455 | €32,301 | €17,881 | ▼ 44.6% |
| Operating cash flow (approximation) | -€49,331 | €80,396 | €84,130 | €71,287 | €42,704 | ▼ 40.1% |
| Investment in fixed assets (approximation) | - | €201,186 | -€221,767 | €75,373 | €386,330 | ▲ 413% |
| Change in cash | - | €196,250 | -€63,010 | -€100,165 | -€23,836 | ▲ 76.2% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 16current ratio 6.64
Current ratio from 0.41 to 6.64; short-term debt falls from €441,512 to €36,198.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €518,534 ▲34.3%
2 profitable years in a row build equity to €518,534.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €57,378
Net result €57,378 after one loss-making year.
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 351 days late
2020
30-09
Financial
Weakest financial yearnet -€73,285
Net result drops to -€73,285, the lowest in the series; recovery starts the following year.
2019
30-09
Financial
Highest result since 2018net €127,843 ▲860%
Operating result €192,348, net result €127,843, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 days late
Show earlier events
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Burg-Reuland · 1 establishment unit since 2008
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.
Auf dem Mühlensteg, Ouren 114790 Burg-Reuland1 establishment unit
HADRON
since 20082.169.737.966
Similar companies · same sector, comparable size
DIGILON
BE 0836.786.336
Roeselare · Eq €256,042
QUESS
BE 0840.111.654
Maldegem · Eq €256,100
ACD-PROJECTS
BE 0559.834.609
Schoten · Eq €256,124
M N CO
BE 0715.697.870
Yvoir · Eq €256,004
S2J
BE 0807.681.089
Ukkel · Eq €255,994
Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 38,836 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
Founded19-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Scores and ratios are computed by Checked and are not a credit decision.