HB DESIGN
ActiveHB DESIGN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €97k and a net result of €28k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +39 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+98
Solvency89▲+19
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 0.83 in 2023), and 23% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 43
higher
← 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
31 d late
2022
31 d late
2021
9 d early
2020
16 d late
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€97k▲ 30.5%
2023 · €74k
2018: €46k
2019: €52k
2020: €67k
2021: €51k
2022: €74k
2023: €74k
2018 → 2024
Total assets
€126k▼ 11.4%
2023 · €142k
2018: €207k
2019: €224k
2020: €178k
2021: €149k
2022: €169k
2023: €142k
2018 → 2024
Net result
€28k▲ 11,301%
2023 · €243
2018: €4k
2019: €7k
2020: €15k
2021: €-16k
2022: €23k
2023: €243
2018 → 2024
Working capital
€14k
2023 · €-11k
2018: €-8k
2019: €-10k
2020: €-1k
2021: €-27k
2022: €-9k
2023: €-11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€67k-€51k▼ 24.0%€74k▲ 45.9%€74k▲ 0.3%€97k▲ 30.5%
Operating result€27k-€-13k€35k€4k▼ 88.7%€38k▲ 874%
Net result€15k-€-16k€23k€243▼ 99.0%€28k▲ 11,301%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 874% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126k
Fixed assets
€85k▼ 6.8%
Current assets
€41k▼ 19.5%
Equity and liabilities €126k
Equity
€97k▲ 30.5%
Debt
€29k▼ 57.3%
The debt ratio falls from 47.7% to 23.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€46k▲
2023 · €21k
Cash flow
€35k▲
2023 · €17k
Solvency
77.0%▲
2023 · 52.3%
Current ratio
1.50▲
2023 · 0.83
Quick ratio
1.37▲
2023 · 0.80
Debt / equity
0.30▼
2023 · 0.91
ROE
28.5%▲
2023 · 0.3%
ROA
22.0%▲
2023 · 0.2%
Interest coverage
46.69▲
2023 · 11.13
Debt
€29k▼
2023 · €68k
Debt ≤ 1 year
€27k▼
2023 · €62k
Income taxes
€10k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€142k€126k▼
Fixed assets21/28€91k€85k▼
Tangible fixed assets22/27€91k€85k▼
Land and buildings22€84k€79k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€199€1k▲
Other tangible fixed assets26€2k€1k▼
Current assets29/58€51k€41k▼
Stocks and contracts in progress3€2k€4k▲
Stocks30/36€2k€900▼
Contracts in progress37-€3k
Amounts receivable within one year40/41€20k€21k▲
Trade receivables40€12k€14k▲
Other amounts receivable41€8k€7k▼
Cash at bank and in hand54/58€27k€15k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€142k€126k▼
Equity10/15€74k€97k▲
Contributions10/11€6k€6k=
Reserves13€68k€91k▲
Distributable reserves133€68k€91k▲
Profit (loss) carried forward14€253€256▲
Amounts payable17/49€68k€29k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€62k€27k▼
Current portion of amounts payable after more than one year42€20k€5k▼
Trade debts44€25k€8k▼
Suppliers440/4€25k€8k▼
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€11k€6k▼
Other amounts payable47/48€5k€8k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Non-recurring operating income76A€520€528▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€8k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€5k€663▼
Gross operating margin9900€28k€49k▲
Operating profit (loss)9901€4k€38k▲
Financial income75/76B€334€94▼
Recurring financial income75€334€94▼
Financial charges65/66B€2k€990▼
Recurring financial charges65€2k€990▼
Profit (loss) for the period before taxes9903€2k€38k▲
Income taxes67/77€2k€10k▲
Profit (loss) for the period9904€243€28k▲
Profit (loss) for the period to be appropriated9905€243€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€253€28k▲
Profit (loss) brought forward from the previous period14P€10€253▲
Transfer to equity691/2-€23k
To other reserves6921-€23k
Profit to be distributed694/7-€5k
Directors or managers695-€5k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €28k ▲11301%
Operating result €38k, net result €28k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-16k ▼207%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
29-06
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.
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, Kortrijk · 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.
Zusters Lovelingstraat(Mar) 38510 KortrijkGround area
1,015 m²
Building footprint
233 m²
Volume, LiDAR
1,228 m³
Parcel 34026B0380/00D002, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HB DESIGN
since 20082.169.448.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0380/00D002 | Flanders | 1,015 m² | 1 · 233 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
TRAPPEN VERMEIREN
BE 0899.024.605
Brecht · Eq €97k
JONAS POLET
BE 0669.942.079
Dentergem · Eq €97k
AM Projects
BE 0743.833.513
Oud-Turnhout · Eq €97k
PERCU
BE 0761.479.197
Poperinge · Eq €97k
OVAERE RUDY
BE 0817.467.597
Waregem · Eq €97k
Of 19,950 companies in sector 43320 we hold annual accounts for 9,081. 7,662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2008
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.