HD+
ActiveSummary
HD+ has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €82,354 and a net result of €73,626. Equity is growing by ~330.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+70
Solvency70▲+33
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 2.01 in 2023; short-term debt: 55% and cash: 6.4% of total assets), but 55% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
118 d late
2022
462 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 216 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€82,354▲ 844%
2023 · €8,728
Total assets
€182,926▲ 160%
2023 · €70,272
Net result
€73,626
2023 · -€2,083
Working capital
€79,498▲ 126%
2023 · €35,184
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line202220232024
Operating result€5,852--€1,415€69,010
Net result€5,811within the sector's middle half--€2,083within the sector's middle half€73,626above the sector's middle half
Equity€10,811within the sector's middle half-€8,728within the sector's middle half▼ 19.3%€82,354within the sector's middle half▲ 844%
Total assets€28,877below the sector's middle half-€70,272within the sector's middle half▲ 143%€182,926within the sector's middle half▲ 160%
Debt€18,066-€61,544▲ 241%€100,572▲ 63.4%
Working capital€10,661within the sector's middle half-€35,184within the sector's middle half▲ 230%€79,498within the sector's middle half▲ 126%
Solvency37.4%within the sector's middle half-12.4%within the sector's middle half▼ 25.0pp45.0%within the sector's middle half▲ 32.6pp
Current ratio1.59within the sector's middle half-2.01within the sector's middle half▲ 0.421.79within the sector's middle half▼ 0.22
Return on assets (ROA)20.1%above the sector's middle half--3.0%within the sector's middle half▼ 23.1pp40.2%above the sector's middle half▲ 43.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €69,010 after a loss of €1,415 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €182,926
Fixed assets
€2,855 ▲ 852%
Current assets
€180,070 ▲ 157%
Equity and liabilities €182,926
Equity
€82,354 ▲ 844%
Debt
€100,572 ▲ 63.4%
Debt's share of the balance-sheet total falls from 87.6% to 55.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,649
Cash flow
€74,265
Debt to equity
1.22▼
2023 · 7.05
ROE
89.4%▲
2023 · -23.9%
Interest coverage
52.04
Debt ≤ 1 year
€100,572▲
2023 · €34,787
Staff costs
€548▲
2023 · €33
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% 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 26,970 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13 | €33 | €548 | ▲ 1,541% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €639 | - |
| Other operating charges640/8 | €348 | €211 | €1,200 | ▲ 469% |
| Non-recurring operating charges66A | - | €560 | €1,354 | ▲ 142% |
| Gross operating margin9900 | €6,213 | -€611 | €72,751 | ▲ 12,010% |
| Operating profit (loss)9901 | €5,852 | -€1,415 | €69,010 | ▲ 4,978% |
| Financial income75/76B | - | - | €5,955 | - |
| Recurring financial income75 | - | - | €5,955 | - |
| Financial charges65/66B | €41 | €669 | €1,338 | ▲ 100% |
| Recurring financial charges65 | €41 | €669 | €1,338 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €5,811 | -€2,083 | €73,626 | ▲ 3,634% |
| Profit (loss) for the period9904 | €5,811 | -€2,083 | €73,626 | ▲ 3,634% |
| Profit (loss) for the period to be appropriated9905 | €5,811 | -€2,083 | €73,626 | ▲ 3,634% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €28,877 | €70,272 | €182,926 | ▲ 160% |
| Fixed assets21/28 | €150 | €300 | €2,855 | ▲ 852% |
| Tangible fixed assets22/27 | - | - | €2,555 | - |
| Plant, machinery and equipment23 | - | - | €2,555 | - |
| Financial fixed assets28 | €150 | €300 | €300 | = |
| Current assets29/58 | €28,727 | €69,972 | €180,070 | ▲ 157% |
| Amounts receivable within one year40/41 | €28,699 | €68,906 | €168,396 | ▲ 144% |
| Trade receivables40 | €38 | - | €8,886 | - |
| Other amounts receivable41 | €28,661 | €68,906 | €159,510 | ▲ 131% |
| Cash at bank and in hand54/58 | €28 | €1,065 | €11,674 | ▲ 996% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €28,877 | €70,272 | €182,926 | ▲ 160% |
| Equity10/15 | €10,811 | €8,728 | €82,354 | ▲ 844% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | €5,000 | €5,000 | €5,000 | = |
| Issued capital100 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | €3,728 | - |
| Distributable reserves133 | - | - | €3,728 | - |
| Profit (loss) carried forward14 | €5,811 | €3,728 | €73,626 | ▲ 1,875% |
| Amounts payable17/49 | €18,066 | €61,544 | €100,572 | ▲ 63.4% |
| Amounts payable within one year42/48 | €18,066 | €34,787 | €100,572 | ▲ 189% |
| Current portion of amounts payable after more than one year42 | - | €3,739 | €2,562 | ▼ 31.5% |
| Trade debts44 | €14,978 | €13,320 | €83,548 | ▲ 527% |
| Suppliers440/4 | €14,978 | €13,320 | €83,548 | ▲ 527% |
| Taxes, remuneration and social security45 | €3,089 | €17,728 | €14,462 | ▼ 18.4% |
| Taxes450/3 | €3,089 | €17,728 | €14,462 | ▼ 18.4% |
| Accrued charges and deferred income492/3 | - | €26,757 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,811 | -€2,083 | €73,626 | ▲ 3,634% |
| + Depreciation and write-downs630 | - | - | €639 | - |
| Operating cash flow (approximation) | €5,811 | -€2,083 | €74,265 | ▲ 3,665% |
| Investment in fixed assets (approximation) | - | -€150 | -€3,194 | ▼ 2,029% |
| Change in cash | - | €1,038 | €10,608 | ▲ 922% |
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
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 67 days late
2024
31-12
Financial
Back to profitnet €73,626
Net result €73,626 after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 462 days late
2023
31-12
Financial
Weakest financial yearnet -€2,083
Net result drops to -€2,083, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tremelo · 1 establishment unit since 2022
Ground area
1,673 m²
Building footprint
151 m²
Volume, LiDAR
901 m³
Parcel 24109A0065/00F002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Grote Bollostraat 132, 3120 Tremelo
since 20222.335.179.780
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109A0065/00F002 | Flanders | 1,673 m² | 1 · 151 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 1,050 EUR awarded · 1,050 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 750 EUR | 750 EUR |
| 2023 | 1 | 300 EUR | 300 EUR |
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Of 380 companies in sector 47529 we hold annual accounts for 271. 215 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded30-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47529Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751640231
Also
9925:BE0751640231
Registered
17-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.