HCD Management
ActiveHCD Management has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €384k and a net result of €95k. Equity is growing by ~41.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency42▲+16
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.67 in 2023), and 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 12-06-2025, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
5 d early
2022
35 d early
2021
30 d early
2020
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€95k▲ 8.7%
2023 · €87k
2020: €10k
2021: €97k
2022: €77k
2023: €87k
2020 → 2024
Working capital
€-22k▲ 36.6%
2023 · €-35k
2020: €-71k
2021: €-50k
2022: €-48k
2023: €-35k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€132k▲ 276%€208k▲ 58.3%€296k▲ 42.0%€384k▲ 29.7%
Operating result€17k-€43k▲ 148%€48k▲ 11.4%€41k▼ 15.9%€48k▲ 18.6%
Net result€10k-€97k▲ 863%€77k▼ 20.5%€87k▲ 13.9%€95k▲ 8.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 19% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.29M
Fixed assets
€1.20M=
Current assets
€94k▲ 31.5%
Equity and liabilities €1.29M
Equity
€384k▲ 29.7%
Debt
€910k▼ 6.7%
The debt ratio falls from 76.7% to 70.3%: equity grows while debt is paid down.
Key figures and ratios
Solvency
29.7%▲
2023 · 23.3%
Current ratio
0.81▲
2023 · 0.67
Quick ratio
0.81▲
2023 · 0.67
Debt / equity
2.37▼
2023 · 3.30
ROE
24.8%▼
2023 · 29.6%
ROA
7.3%▲
2023 · 6.9%
Debt
€910k▼
2023 · €976k
Debt ≤ 1 year
€116k▲
2023 · €107k
Debt > 1 year
€794k▼
2023 · €869k
Income taxes
€6k▲
2023 · €5k
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€1.27M€1.29M▲
Fixed assets21/28€1.20M€1.20M=
Financial fixed assets28€1.20M€1.20M=
Current assets29/58€71k€94k▲
Amounts receivable within one year40/41€9k€9k▼
Trade receivables40€9k€9k▼
Cash at bank and in hand54/58€62k€85k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.29M▲
Equity10/15€296k€384k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€271k€359k▲
Amounts payable17/49€976k€910k▼
Amounts payable after more than one year17€869k€794k▼
Financial debts170/4€869k€794k▼
Amounts payable within one year42/48€107k€116k▲
Current portion of amounts payable after more than one year42€75k€75k=
Trade debts44-€695
Suppliers440/4-€695
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€9k▲
Other amounts payable47/48€25k€32k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213-
Gross operating margin9900€41k€48k▲
Operating profit (loss)9901€41k€48k▲
Financial income75/76B€70k€70k=
Recurring financial income75€70k€70k=
Financial charges65/66B€18k€17k▼
Recurring financial charges65€18k€17k▼
Profit (loss) for the period before taxes9903€92k€101k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€87k€95k▲
Profit (loss) for the period to be appropriated9905€87k€95k▲
Appropriation of the result
Profit (loss) to be appropriated9906€271k€366k▲
Profit (loss) brought forward from the previous period14P€183k€271k▲
Profit to be distributed694/7-€7k
Return on contributions (dividend)694-€7k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €208k ▲58.3%
3 profitable years in a row build equity to €208k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €97k ▲863%
Net result €97k, the highest in the series.
31-12
Financial
Equity above €100kEq €132k ▲276%
2 profitable years in a row build equity to €132k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-11-2025
Resigned as Director
Location & real-estate footprint
Registered office, Ellezelles · 1 establishment unit since 2020
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.
Place 167890 EllezellesGround area
548 m²
Building footprint
124 m²
Parcel 51017D1033/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HCD MANAGEMENT
since 20202.301.241.955
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51017D1033/00C000 | Wallonia | 548 m² | 1 · 124 m² | - |
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.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 36,526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.