HD-COM
ActiveSummary
HD-COM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€50,748) and a net result of -€2,574. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-40
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 0.66 in 2024; short-term debt: 127% and cash: 1.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-27%
Return on assets
-1.4%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€50,748
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-02-2026, 172 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
172 d early
2024
31 d early
2023
21 d early
2022
26 d early
2021
31 d early
2020
30 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€50,748▼ 5.3%
2024 · -€48,174
Total assets
€187,994▲ 13.9%
2024 · €165,029
Net result
-€2,574
2024 · €22,195
Working capital
-€73,240▼ 0.5%
2024 · -€72,864
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20212022202320242025
Operating result€11,927€19,959▲ 67.3%€20,412▲ 2.3%€37,257▲ 82.5%€11,413▼ 69.4%
Net result€5,742within the sector's middle half€13,451within the sector's middle half▲ 134%€9,547within the sector's middle half▼ 29.0%€22,195within the sector's middle half▲ 132%-€2,574within the sector's middle half
Equity-€93,368below the sector's middle half▲ 5.8%-€79,917below the sector's middle half▲ 14.4%-€70,370below the sector's middle half▲ 11.9%-€48,174below the sector's middle half▲ 31.5%-€50,748below the sector's middle half▼ 5.3%
Total assets€99,153within the sector's middle half▼ 11.9%€205,730within the sector's middle half▲ 107%€137,864within the sector's middle half▼ 33.0%€165,029within the sector's middle half▲ 19.7%€187,994within the sector's middle half▲ 13.9%
Debt€192,522▼ 9.1%€285,647▲ 48.4%€208,234▼ 27.1%€213,203▲ 2.4%€238,741▲ 12.0%
Working capital-€103,420below the sector's middle half▲ 3.3%-€95,687below the sector's middle half▲ 7.5%-€90,631below the sector's middle half▲ 5.3%-€72,864below the sector's middle half▲ 19.6%-€73,240below the sector's middle half▼ 0.5%
Solvency-94.2%below the sector's middle half▼ 6.1pp-38.8%below the sector's middle half▲ 55.3pp-51.0%below the sector's middle half▼ 12.2pp-29.2%below the sector's middle half▲ 21.9pp-27.0%below the sector's middle half▲ 2.2pp
Current ratio0.44below the sector's middle half▼ 0.020.66below the sector's middle half▲ 0.220.56below the sector's middle half▼ 0.100.66below the sector's middle half▲ 0.090.69below the sector's middle half▲ 0.03
Return on assets (ROA)5.8%within the sector's middle half▲ 18.0pp6.5%within the sector's middle half▲ 0.7pp6.9%within the sector's middle half▲ 0.4pp13.4%above the sector's middle half▲ 6.5pp-1.4%within the sector's middle half▼ 14.8pp
Staff (FTE)1=1.4▲ 40.0%1.4=1.9▲ 35.7%2.5▲ 31.6%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale 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 falls in 2025; 2025 is 69% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187,994
Fixed assets
€22,492 ▼ 8.9%
Current assets
€165,501 ▲ 17.9%
Key figures and ratios
EBITDA
€17,763▼
2024 · €43,476
Cash flow
€3,776▼
2024 · €28,414
Quick ratio
0.64▲
2024 · 0.63
Debt to equity
-4.70▼
2024 · -4.43
Interest coverage
1.49▼
2024 · 3.95
Debt ≤ 1 year
€238,741▲
2024 · €213,203
Income taxes
€2,102▲
2024 · €1,324
Staff costs
€96,784▲
2024 · €72,485
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 2,338 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €13,299 | €41,144 | €51,851 | €72,485 | €96,784 | ▲ 33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,324 | €3,654 | €4,195 | €6,219 | €6,349 | ▲ 2.1% |
| Other operating charges640/8 | €2,691 | €1,439 | €3,059 | €2,120 | €1,098 | ▼ 48.2% |
| Non-recurring operating charges66A | - | - | - | - | €5,443 | - |
| Gross operating margin9900 | €31,241 | €66,196 | €79,517 | €118,081 | €121,087 | ▲ 2.5% |
| Operating profit (loss)9901 | €11,927 | €19,959 | €20,412 | €37,257 | €11,413 | ▼ 69.4% |
| Financial income75/76B | €397 | €70 | €0 | - | - | - |
| Recurring financial income75 | €397 | €70 | €0 | - | - | - |
| Financial charges65/66B | €6,309 | €6,286 | €10,568 | €13,738 | €11,885 | ▼ 13.5% |
| Recurring financial charges65 | €6,309 | €6,286 | €10,568 | €10,998 | €11,885 | ▲ 8.1% |
| Non-recurring financial charges66B | - | - | - | €2,739 | - | - |
| Profit (loss) for the period before taxes9903 | €6,016 | €13,742 | €9,844 | €23,519 | -€472 | ▼ 102% |
| Income taxes67/77 | €274 | €291 | €297 | €1,324 | €2,102 | ▲ 58.8% |
| Profit (loss) for the period9904 | €5,742 | €13,451 | €9,547 | €22,195 | -€2,574 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €5,742 | €13,451 | €9,547 | €22,195 | -€2,574 | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,153 | €205,730 | €137,864 | €165,029 | €187,994 | ▲ 13.9% |
| Fixed assets21/28 | €16,523 | €18,206 | €20,262 | €24,690 | €22,492 | ▼ 8.9% |
| Intangible fixed assets21 | - | - | - | - | €2,578 | - |
| Tangible fixed assets22/27 | €16,523 | €18,206 | €20,262 | €24,690 | €19,914 | ▼ 19.3% |
| Land and buildings22 | €14,766 | €14,412 | €11,908 | €9,403 | €7,938 | ▼ 15.6% |
| Plant, machinery and equipment23 | €208 | €1,505 | €837 | €373 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,549 | €2,289 | €5,338 | €12,963 | €9,735 | ▼ 24.9% |
| Other tangible fixed assets26 | - | - | €2,179 | €1,950 | €2,242 | ▲ 15.0% |
| Current assets29/58 | €82,630 | €187,525 | €117,602 | €140,339 | €165,501 | ▲ 17.9% |
| Stocks and contracts in progress3 | €8,903 | €44,073 | €11,555 | €6,911 | €12,718 | ▲ 84.0% |
| Stocks30/36 | €8,903 | €44,073 | €11,555 | €6,911 | €12,718 | ▲ 84.0% |
| Amounts receivable within one year40/41 | €63,175 | €108,413 | €78,836 | €87,158 | €130,605 | ▲ 49.8% |
| Trade receivables40 | €63,157 | €107,092 | €64,039 | €71,008 | €126,515 | ▲ 78.2% |
| Other amounts receivable41 | €18 | €1,321 | €14,797 | €16,150 | €4,090 | ▼ 74.7% |
| Cash at bank and in hand54/58 | €9,451 | €33,820 | €26,513 | €32,812 | €3,484 | ▼ 89.4% |
| Deferred charges and accrued income490/1 | €1,102 | €1,219 | €698 | €13,458 | €18,694 | ▲ 38.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,153 | €205,730 | €137,864 | €165,029 | €187,994 | ▲ 13.9% |
| Equity10/15 | -€93,368 | -€79,917 | -€70,370 | -€48,174 | -€50,748 | ▼ 5.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,515 | €1,515 | €1,515 | €1,515 | €1,515 | = |
| Non-distributable reserves130/1 | €1,515 | €1,515 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,515 | €1,515 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,515 | €1,515 | €1,515 | = |
| Profit (loss) carried forward14 | -€113,483 | -€100,032 | -€90,485 | -€68,289 | -€70,863 | ▼ 3.8% |
| Amounts payable17/49 | €192,522 | €285,647 | €208,234 | €213,203 | €238,741 | ▲ 12.0% |
| Amounts payable after more than one year17 | €6,471 | €2,436 | €0 | - | - | - |
| Financial debts170/4 | €6,471 | €2,436 | €0 | - | - | - |
| Amounts payable within one year42/48 | €186,051 | €283,212 | €208,234 | €213,203 | €238,741 | ▲ 12.0% |
| Financial debts43 | €128,984 | €129,035 | €117,436 | €125,000 | €125,000 | = |
| Credit institutions430/8 | €128,984 | €129,035 | €117,436 | €125,000 | €125,000 | = |
| Trade debts44 | €39,387 | €42,754 | €29,461 | €30,183 | €13,308 | ▼ 55.9% |
| Suppliers440/4 | €39,387 | €42,754 | €29,461 | €30,183 | €13,308 | ▼ 55.9% |
| Taxes, remuneration and social security45 | €14,811 | €19,039 | €19,316 | €31,255 | €39,792 | ▲ 27.3% |
| Taxes450/3 | €13,527 | €19,039 | €12,647 | €29,034 | €27,289 | ▼ 6.0% |
| Remuneration and social security454/9 | €1,284 | - | €6,670 | €2,221 | €12,503 | ▲ 463% |
| Other amounts payable47/48 | €2,869 | €92,384 | €42,021 | €26,765 | €60,641 | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,742 | €13,451 | €9,547 | €22,195 | -€2,574 | ▼ 112% |
| + Depreciation and write-downs630 | €3,324 | €3,654 | €4,195 | €6,219 | €6,349 | ▲ 2.1% |
| Operating cash flow (approximation) | €9,066 | €17,106 | €13,742 | €28,414 | €3,776 | ▼ 86.7% |
| Investment in fixed assets (approximation) | - | -€5,337 | -€6,251 | -€10,647 | -€4,152 | ▲ 61.0% |
| Change in cash | - | €24,369 | -€7,307 | €6,299 | -€29,328 | ▼ 566% |
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
Next filing, fiscal year 2026, expected by
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €22,195 ▲132%
Operating result €37,257, net result €22,195, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,742
Net result €5,742 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lier · 1 establishment unit since 2008
Ground area
658 m²
Building footprint
142 m²
Volume, LiDAR
707 m³
Parcel 12019B0498/00V007, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Eurologica
since 20082.173.696.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12019B0498/00V007 | Flanders | 658 m² | 1 · 142 m² | 7.7 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,173 companies in sector 46499 we hold annual accounts for 743. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806652889
Also
9925:BE0806652889
Registered
14-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.