Equity
Equity fell in 2025 from €73,027 to €6,048.
Equity fell in 2025 from €73,027 to €6,048.
The micro format states no turnover.
Of this, €124,629 falls due within a year.
Green is investment, beige is depreciation.
Short-term debts rose from €7,403 to €124,629.
Lower solvency than 89% of companies in computer programming and consultancy. Sector median 60.0% · 21,205 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 12% of them on solvency, 15% on liquidity, 63% on profitability and 6% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 2,157 companies had the same profile as HCC Dev has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HCC Dev itself is lower: 0.2% within 12 months. It rests on far more data about HCC Dev than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for HCC Dev. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.91 (7.96 in 2024), below 1. Short-term debt is 75.7% and cash 22.6% of total assets. 96.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 29 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HCC Dev Anderlues | €164,566 | €67,435 | 3.7% | - |
| YopoConsulting Charleroi | €149,827 | €64,545 | 72.1% | - |
| ARNAUD LEURS CONSULTING Chièvres | €142,258 | €68,239 | 84.0% | - |
| Better Teams Labs Péruwelz | €204,522 | €69,079 | 75.7% | - |
| EMANIAX Soignies | €200,698 | €72,857 | 94.4% | - |
| Q-DEV Péruwelz | €135,771 | €75,633 | 7.8% | - |
| Aionco Destelbergen | €162,003 | €67,045 | 60.0% | - |
These companies have the same main activity as HCC Dev: computer programming (NACE 62100). They are comparable in size and age: total assets between €136,000 and €205,000, founded between 2022 and 2023.
HCC Dev files the micro format. That format states no turnover. The gross margin rose from €62,624 in 2023 to €67,435 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €130,000 and €200,000.
Higher than 10% of 21,205 companies in 2025.
Higher than 14% of 20,568 companies in 2025.
Higher than 58% of 20,743 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
164,566 | 80,430 | 68,882 | |
21/28 |
51,390 | 21,500 | 32,250 | |
22/27 |
51,390 | 21,500 | 32,250 | |
23 |
1,670 | - | - | |
24 |
49,720 | 21,500 | 32,250 | |
29/58 |
113,176 | 58,930 | 36,632 | |
40/41 |
74,487 | 46,479 | 13,143 | |
40 |
14,823 | 24,548 | 13,143 | |
41 |
59,665 | 21,931 | - | |
54/58 |
37,185 | 12,234 | 23,397 | |
490/1 |
1,505 | 218 | 92 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
164,566 | 80,430 | 68,882 | |
10/15 |
6,048 | 73,027 | 39,652 | |
10/11 |
6,000 | 6,000 | 6,000 | |
14 |
48 | 67,027 | 33,652 | |
17/49 |
158,518 | 7,403 | 29,230 | |
17 |
33,856 | - | 19,050 | |
170/4 |
33,856 | - | - | |
178/9 |
- | - | 19,050 | |
42/48 |
124,629 | 7,403 | 9,076 | |
42 |
9,667 | - | - | |
44 |
885 | 2,170 | 1,828 | |
440/4 |
885 | 2,170 | 1,828 | |
45 |
8,194 | 5,232 | 7,248 | |
450/3 |
8,194 | 3,782 | 7,248 | |
454/9 |
- | 1,450 | - | |
47/48 |
105,882 | - | - | |
492/3 |
33 | - | 1,104 | |
| Income statement | ||||
76A |
76 | - | - | |
9900 |
67,435 | 56,856 | 62,624 | |
630 |
12,585 | 10,750 | 13,258 | |
640/8 |
1,454 | 1,550 | 939 | |
9901 |
53,397 | 44,556 | 48,427 | |
75/76B |
138 | 94 | 4 | |
75 |
138 | 94 | 4 | |
65/66B |
5,606 | 149 | 108 | |
65 |
2,106 | 149 | 108 | |
66B |
3,500 | - | - | |
9903 |
47,929 | 44,501 | 48,324 | |
67/77 |
9,026 | 11,125 | 14,672 | |
9904 |
38,903 | 33,376 | 33,652 | |
9905 |
38,903 | 33,376 | 33,652 | |
| Appropriation of the result | ||||
9906 |
105,931 | 67,027 | 33,652 | |
14P |
67,027 | 33,652 | - | |
694/7 |
105,882 | - | - | |
694 |
105,882 | - | - | |
| Social balance sheet | ||||
Hours worked1013 |
- | 0 | - | |
| Document | ||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 65,982 | 55,306 | 61,685 | ||
| 51,488 | 44,126 | 46,909 | ||
| 63,975 | 0 | 44,104 | ||
| 24,951 | -11,163 | - | ||
| -11,453 | 51,527 | 27,556 | ||
| 3.7% | 90.8% | 57.6% | ||
| 0.91 | 7.96 | 4.04 | ||
| 26.21 | 0.10 | 0.74 | ||
| 643.2% | 45.7% | 84.9% | ||
| 23.6% | 41.5% | 48.9% | ||
| 31.33 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2024 annual accounts
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €63,975 | - | €44,103 |
| Intangible fixed assets | - | - | €1 |
| €12,585 | €10,750 | €13,258 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 20% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 9.2% to 96.3%. Equity is lower and debt is higher.
HCC Dev has no parent and no holdings in its annual accounts. CIANCIOLO Hugo is the only director. HCC Dev shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
HCC Dev was incorporated on 30 November 2022 as a private limited company by one natural person, with a starting capital of €6,000.12 The registered office moved to Thuin in 2024 and to Anderlues in 2024.34 Since 2022, CIANCIOLO Hugo has served as director.5 Total assets rose from €68,882 in 2023 to €164,566 in 2025.6
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Viole 10 registered office 6150 Anderlues | 01-01-2023 | 2.341.001.562 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 56302E0653/00D000 | 245 m² | - | - |
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