HD CONSTRUCT
Annual accounts 2025
micro format, filed on 31-10-2026, 92 days late€76,744
▲ 16.5%
€65,305
▲ 32.1%
€76,279
▲ 19.1%
€76,156
▲ 15.9%
84.6%
▲ 9.4 percentage points
23.33
▲ 12.56
Money flows
no detail for 2025Balance sheet
balance sheet total €360,024 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
84.6%
Higher than 91% of 9,462 companies in 2025.
23.33
Higher than 95% of 9,210 companies in 2025.
18.1%
Higher than 72% of 9,282 companies in 2025.
HD CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
360,024 | 318,205 | 459,059 | 584,981 | 1.0m | 610,362 | 877,400 | 1.1m | 508,140 | 551,992 | 153,095 | |
20 |
- | - | - | - | - | - | - | 204 | 409 | 613 | 817 | |
21/28 |
312 | 11,286 | 25,863 | 40,439 | 55,015 | 14,719 | 192,352 | 276,574 | 279,795 | 283,016 | 1,541 | |
22/27 |
- | 10,974 | 25,551 | 40,127 | 54,703 | 14,407 | 192,040 | 276,262 | 279,483 | 282,704 | 724 | |
22 |
- | - | 3,602 | 7,204 | 10,805 | 14,407 | 192,040 | 276,081 | 279,121 | 282,161 | - | |
23 |
- | - | - | - | - | - | - | 181 | 362 | 543 | 724 | |
24 |
- | 10,974 | 21,949 | 32,923 | 43,898 | - | - | - | - | - | - | |
28 |
312 | 312 | 312 | 312 | 312 | 312 | 312 | 312 | 312 | 312 | - | |
29/58 |
359,712 | 306,919 | 433,196 | 544,543 | 956,009 | 595,643 | 685,048 | 825,816 | 227,936 | 268,363 | 151,554 | |
29 |
- | - | 29,296 | - | 83,126 | 225,576 | 538,978 | 825,700 | 227,500 | - | - | |
291 |
- | - | 29,296 | - | 83,126 | 225,576 | 538,978 | 825,700 | 227,500 | - | - | |
3 |
92,100 | 140,625 | 332,250 | 528,000 | 870,000 | 309,000 | 107,787 | - | - | - | - | |
30/36 |
92,100 | 140,625 | - | 528,000 | 870,000 | 309,000 | - | - | - | - | - | |
37 |
- | - | 332,250 | - | - | - | 107,787 | - | - | - | - | |
40/41 |
228,255 | 52,861 | - | - | - | 60,086 | - | - | - | - | - | |
41 |
228,255 | 52,861 | - | - | - | 60,086 | - | - | - | - | - | |
54/58 |
39,358 | 111,834 | 67,931 | 12,960 | 237 | 981 | 37,967 | - | 320 | 264,986 | 151,554 | |
490/1 |
- | 1,599 | 3,719 | 3,582 | 2,646 | - | 316 | 116 | 116 | 3,377 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
360,024 | 318,205 | 459,059 | 584,981 | 1.0m | 610,362 | 877,400 | 1.1m | 508,140 | 551,992 | 153,095 | |
10/15 |
304,603 | 239,422 | 188,280 | 139,135 | 96,429 | 83,062 | 48,356 | -86,727 | -67,419 | -58,259 | 10,315 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | 18,600 | - | 18,600 | - | - | - | - | - | - | |
100 |
- | - | 18,600 | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
141,860 | 141,860 | 141,860 | 96,860 | 56,860 | 56,860 | 26,860 | - | - | - | - | |
130/1 |
1,860 | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | 1,860 | - | 1,860 | 1,860 | 1,860 | - | - | - | - | |
1311 |
1,860 | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | 1,860 | - | - | - | - | - | - | - | |
133 |
140,000 | 141,860 | 140,000 | 95,000 | 55,000 | 55,000 | 25,000 | - | - | - | - | |
14 |
144,143 | 78,962 | 27,820 | 23,675 | 20,969 | 7,602 | 2,896 | -105,327 | -86,019 | -76,859 | -8,285 | |
17/49 |
55,421 | 78,784 | 270,779 | 445,847 | 914,594 | 527,300 | 829,044 | 1.2m | 575,559 | 610,251 | 142,780 | |
17 |
40,000 | 50,289 | 147,101 | 399,662 | 875,560 | 488,158 | 815,010 | 1.2m | 575,000 | 595,000 | 140,000 | |
170/4 |
40,000 | 50,289 | 147,101 | 399,662 | 875,560 | 488,158 | 815,010 | 1.2m | 575,000 | 595,000 | 140,000 | |
42/48 |
15,421 | 28,495 | 64,021 | 46,184 | 39,034 | 39,142 | 14,034 | 4,416 | 559 | 15,251 | 2,569 | |
42 |
- | - | 10,256 | 10,256 | 10,256 | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | 3,903 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | 3,903 | - | - | - | |
44 |
4,908 | - | 9,701 | 4,185 | - | - | - | - | - | 12,776 | 300 | |
440/4 |
4,908 | - | 9,701 | 4,185 | - | - | - | - | - | 12,776 | 300 | |
45 |
- | 17,982 | 33,551 | 20,159 | 17,225 | 26,367 | 13,733 | - | - | - | - | |
450/3 |
- | 17,982 | 33,551 | 20,159 | 17,225 | 26,367 | 13,733 | - | - | - | - | |
47/48 |
10,513 | 10,513 | 10,513 | 11,584 | 11,554 | 12,775 | 301 | 513 | 559 | 2,475 | 2,269 | |
492/3 |
- | - | 59,657 | - | - | - | - | - | - | - | 211 | |
| Income statement | ||||||||||||
70 |
- | 268,312 | 297,547 | 451,482 | 139,690 | 303,767 | 161,949 | - | - | - | 6,990 | |
9900 |
76,744 | 65,865 | 287,945 | 430,418 | 94,680 | 298,775 | 161,949 | -5,538 | -811 | -45,812 | -7,900 | |
60/61 |
- | 202,448 | 9,602 | 21,064 | 45,010 | 4,992 | - | 5,538 | 811 | 45,812 | 14,890 | |
630 |
10,974 | 14,576 | 14,576 | 14,576 | 14,576 | 141,642 | 84,426 | 3,426 | 3,426 | 3,426 | 385 | |
631/4 |
- | - | 195,750 | 342,000 | 54,000 | 107,787 | -107,787 | - | - | - | - | |
640/8 |
465 | 1,844 | 190 | 2,194 | 4,719 | 30 | - | - | 144 | 12,529 | - | |
9901 |
65,305 | 49,444 | 77,429 | 71,648 | 21,385 | 49,316 | 185,310 | -8,964 | -4,381 | -61,767 | -8,285 | |
75/76B |
160 | 1,863 | - | 0 | 2,272 | - | - | - | 208 | - | - | |
75 |
160 | 1,863 | - | - | - | - | - | - | 208 | - | - | |
76B |
- | - | - | 0 | 2,272 | - | - | - | - | - | - | |
65/66B |
283 | 166 | 10,100 | 13,374 | 5,700 | 1,977 | 36,494 | 10,344 | 4,987 | 6,807 | - | |
65 |
283 | 166 | 10,100 | 13,374 | 5,700 | 1,977 | 36,494 | 10,344 | 4,987 | 6,807 | - | |
9903 |
65,182 | 51,142 | 67,329 | 58,274 | 17,958 | 47,339 | 148,816 | -19,308 | -9,160 | -68,574 | -8,285 | |
67/77 |
- | - | 18,184 | 15,568 | 4,590 | 12,633 | 13,733 | - | - | - | - | |
9904 |
65,182 | 51,142 | 49,145 | 42,706 | 13,367 | 34,706 | 135,083 | -19,308 | -9,160 | -68,574 | -8,285 | |
9905 |
65,182 | 51,142 | 49,145 | 42,706 | 13,367 | 34,706 | 135,083 | -19,308 | -9,160 | -68,574 | -8,285 | |
| Appropriation of the result | ||||||||||||
9906 |
144,143 | 78,962 | 72,820 | 63,675 | 20,969 | 37,602 | 29,756 | -105,327 | -86,019 | -76,859 | -8,285 | |
14P |
78,962 | 27,820 | 23,675 | 20,969 | 7,602 | - | - | - | - | - | - | |
691/2 |
- | - | 45,000 | 40,000 | - | 30,000 | 26,860 | - | - | - | - | |
6920 |
- | - | - | - | - | - | 1,860 | - | - | - | - | |
6921 |
- | - | 45,000 | 40,000 | - | 30,000 | 25,000 | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 92 days after the deadline. Filed on 31 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00601021.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-10-2026 | 2026-00601021 | |
| 31-12-2024 | micro format | 31-01-2026 | 2026-00034681 | |
| 31-12-2023 | micro format | 23-09-2024 | 2024-00468674 | |
| 31-12-2022 | micro format | 05-09-2023 | 2023-00444163 | |
| 31-12-2021 | micro format | 31-01-2023 | 2023-00013983 | |
| 31-12-2020 | micro format | 27-09-2021 | 2021-68500184 | |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27100022 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59300237 | |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-66100462 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-54500287 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-53600082 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 76,279 | 64,020 | 92,005 | 86,224 | 35,961 | 190,958 | 269,736 | -5,538 | -955 | -58,341 | -7,900 | ||
| 76,156 | 65,718 | 63,721 | 57,282 | 27,943 | 176,348 | 219,509 | -15,882 | -5,734 | -65,148 | -7,900 | ||
| 0 | 0 | 312 | 0 | 54,872 | 18,009 | 204 | 205 | 205 | 285,513 | 905 | ||
| -72,476 | 43,902 | 54,971 | 12,724 | -744 | -36,986 | - | - | -264,666 | 113,432 | - | ||
| 344,291 | 278,424 | 369,176 | 498,358 | 916,974 | 556,501 | 671,014 | 821,400 | 227,377 | 253,112 | 148,985 | ||
| - | 18.4% | 26.0% | 15.9% | 15.3% | 16.2% | - | - | - | - | - | ||
| 84.6% | 75.2% | 41.0% | 23.8% | 9.5% | 13.6% | 5.5% | -7.9% | -13.3% | -10.6% | 6.7% | ||
| 23.33 | 10.77 | 6.77 | 11.79 | 24.49 | 15.22 | 48.81 | - | - | 17.60 | 58.99 | ||
| 17.35 | 5.84 | 1.58 | 0.36 | 2.20 | 7.32 | 41.13 | - | - | 17.60 | 58.99 | ||
| 0.18 | 0.33 | 1.44 | 3.20 | 9.48 | 6.35 | 17.14 | - | - | - | 13.84 | ||
| 21.4% | 21.4% | 26.1% | 30.7% | 13.9% | 41.8% | 279.4% | - | - | - | -80.3% | ||
| 18.1% | 16.1% | 10.7% | 7.3% | 1.3% | 5.7% | 15.4% | -1.8% | -1.8% | -12.4% | -5.4% | ||
| over 100 | over 100 | 9.11 | 6.45 | 6.31 | - | - | - | - | - | - | ||
| - | 72 days | - | - | - | 72 days | - | - | - | - | - | ||
| - | - | 369 days | 73 days | - | - | - | - | - | 102 days | 7 days |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €312 | - | - |
| €10,974 | €14,576 | €14,576 | €14,576 | €14,576 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on HD CONSTRUCT
The operating result for 2025 is 32% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 24.8% to 15.4%. Equity is higher and debt is lower.