HD+ · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HD+ is 0.6% (low). The 2024 annual accounts show equity of €82k and a net result of €74k. Equity is growing by ~330.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 6698 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

1 signal · with evidence

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

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.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	06-10-2025	67 d late	2025-00531273
31-12-2023	31-07-2024	26-11-2024	118 d late	2024-00604296
31-12-2022	31-07-2023	04-11-2024	462 d late	2024-00526465

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Young company +Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€74k

Working capital€79k+125.9%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 06-10-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~583.5%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	45.0%	20.4%	better than 72% of 6698 sector peers
Net result	€74k	€4k	better than 94% of 6678 sector peers
Equity	€82k	€16k	better than 82% of 6712 sector peers
Gross operating margin	€73k	€24k	better than 75% of 6657 sector peers
Staff costs	€548	€33k	higher than 7% of 3035 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P72

Stable position over 2022-2024 · n=4290-6698

Net result P94

Improving position over 2022-2024 · n=4277-6678

Equity P82

Improving position over 2022-2024 · n=4298-6712

Gross operating margin P75

Improving position over 2022-2024 · n=4267-6657

Describes the position versus peers, not a forecast.

EBITDA

€70k

- 22-24

Net profit

€74k

- 22-24

Cash flow

€74k

- 22-24

Total assets

€183k

+160.3% 22-24

Equity

€82k

+843.6% 22-24

Working capital

€79k

+125.9% 22-24

Staff costs

€548

+1541.4% 22-24

Debt

€101k

+63.4% 22-24

Debt ≤ 1y

€101k

+189.1% 22-24

Current ratio

1.79

-11.0% 22-24

Quick ratio

1.79

-11.0% 22-24

Solvency

45.0%

+262.5% 22-24

Debt / equity

1.22

-82.7% 22-24

ROE

89.4%

- 22-24

ROA

40.2%

- 22-24

Interest coverage

52.04

- 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€70k
Net profit	€74k
Cash flow	€74k
Staff costs	€548
Income taxes	-
Dividends	-
Total assets	€183k
Equity	€82k
Debt	€101k
of which ≤ 1y	€101k
of which > 1y	-
Working capital	€79k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.79
Quick ratio	1.79
Working capital ratio	43.5%
Solvency	45.0%
Debt / equity	1.22
Long-term debt ratio	-
Interest coverage	52.04
Gross margin	-
Net margin	-
ROA	40.2%
ROE	89.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €3k · 1.6% Current assets €180k · 98.4%

Equity & liabilities

Equity €82k · 45.0% Debt €101k · 55.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€183k
Fixed assets	21/28	€3k
Tangible fixed assets	22/27	€3k
Financial fixed assets	28	€300
Current assets	29/58	€180k
Amounts receivable within one year	40/41	€168k
Cash & bank	54/58	€12k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€183k
Equity	10/15	€82k
Contributions / capital	10/11	€5k
Reserves	13	€4k
Accumulated profits (losses)	14	€74k
Amounts payable	17/49	€101k
Amounts payable within one year	42/48	€101k
Trade debts payable within one year	44	€84k
Income statement
Gross operating margin	9900	€73k
Operating result	9901	€69k
Financial income	75	€6k
Financial charges	65	€1k
Result before taxes	9903	€74k
Net result for the period	9904	€74k
Result to be appropriated	9905	€74k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

3 directors

Current directors & mandates

PEETERS David
Gérant
State Gazette act 22096304 (10-08-2022)

Current
01-07-2022 → present

Former directors (2)

HANNANE Boudjemaa
Gérant
State Gazette act 22096304 (10-08-2022)

Former
- → 30-06-2022
FILIPOWICZ
Gérant
State Gazette act 22096304 (10-08-2022)

Former
- → 05-01-2021

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Detailhandel in overige bouwmaterialen, neg(47529)
Legal form	Limited partnership(612)
Incorporation	30-07-2020
Status	Active
Postal code	3120

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Grote Bollostraat 1323120 Tremelo

Establishment units

1 location

Grote Bollostraat 132, 3120 Tremelo

Vervaardiging van hangsloten, grendelsloten en andere sloten, sleutels en ander hang- en sluitwerk voor gebouwen, meubels, voertuigen, enz

since 20222.335.179.780

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,673 m²

Buildings1

Building footprint151 m²

Volume (LiDAR)901 m³

Tallest building7.5 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24109A0065/00F002	Flanders	1,673 m²	1 · 151 m²	7.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

Capital history · 1

10-08-2022

Capital change

All acts · 1 updated 4 years ago

2022

10-08-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

91 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 100

Solvency 85

Growth 78

Stability 100

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