HD DYNAMICA
ActiveSummary
The computed 12-month bankruptcy probability of HD DYNAMICA is 2.2% (moderate). The 2025 annual accounts show equity of €39,621 and a net result of €685. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 7967 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-31
Solvency40▲+5
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.37 in 2024; short-term debt: 64% and cash: 34.7% of total assets), but 85.3% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.7%
Return on assets
0.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7967 sector peers (2025).
NBB · sector comparisonPosition among 7967 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-05-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
16 d late
2022
191 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 May (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€39,621▲ 1.8%
2024 · €38,936
Total assets
€269,000▼ 33.3%
2024 · €403,217
Net result
€685▼ 95.1%
2024 · €13,860
Working capital
€90,315▼ 15.0%
2024 · €106,240
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line2022202320242025
Operating result€11,350-€15,272▲ 34.6%€26,584▲ 74.1%€6,115▼ 77.0%
Net result€6,845within the sector's middle half-€8,232within the sector's middle half▲ 20.3%€13,860within the sector's middle half▲ 68.4%€685below the sector's middle half▼ 95.1%
Equity€16,845below the sector's middle half-€25,076within the sector's middle half▲ 48.9%€38,936within the sector's middle half▲ 55.3%€39,621below the sector's middle half▲ 1.8%
Total assets€316,517above the sector's middle half-€579,131above the sector's middle half▲ 83.0%€403,217above the sector's middle half▼ 30.4%€269,000within the sector's middle half▼ 33.3%
Debt€299,672-€554,055▲ 84.9%€364,281▼ 34.3%€229,378▼ 37.0%
Working capital€105,867above the sector's middle half-€99,784above the sector's middle half▼ 5.7%€106,240above the sector's middle half▲ 6.5%€90,315within the sector's middle half▼ 15.0%
Solvency5.3%below the sector's middle half-4.3%below the sector's middle half▼ 1.0pp9.7%below the sector's middle half▲ 5.3pp14.7%below the sector's middle half▲ 5.1pp
Current ratio1.54within the sector's middle half-1.21within the sector's middle half▼ 0.331.37within the sector's middle half▲ 0.151.52within the sector's middle half▲ 0.16
Return on assets (ROA)2.2%within the sector's middle half-1.4%within the sector's middle half▼ 0.7pp3.4%within the sector's middle half▲ 2.0pp0.3%below the sector's middle half▼ 3.2pp
Staff (FTE)2-1.3▼ 35.0%8▲ 515%3within the sector's middle half▼ 62.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Staff (FTE) -63% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269,000
Fixed assets
€6,547 ▼ 7.1%
Current assets
€262,453 ▼ 33.8%
Equity and liabilities €269,000
Equity
€39,621 ▲ 1.8%
Debt
€229,378 ▼ 37.0%
Debt's share of the balance-sheet total falls from 90.3% to 85.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,618▼
2024 · €33,496
Cash flow
€4,188▼
2024 · €20,773
Quick ratio
1.48▲
2024 · 1.37
Debt to equity
5.79▼
2024 · 9.36
ROE
1.7%▼
2024 · 35.6%
Interest coverage
2.39▼
2024 · 5.60
Debt ≤ 1 year
€172,138▼
2024 · €289,927
Debt > 1 year
€57,241▼
2024 · €74,354
Income taxes
€1,457▼
2024 · €6,741
Staff costs
€154,965▲
2024 · €29,231
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.5%
went bankrupt
1.2%
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 2.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,542 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 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €63,698 | €50,993 | €29,231 | €154,965 | ▲ 430% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,667 | €6,378 | €6,913 | €3,503 | ▼ 49.3% |
| Other operating charges640/8 | €1,079 | €2,172 | €6,245 | €9,371 | ▲ 50.1% |
| Gross operating margin9900 | €80,794 | €74,816 | €68,972 | €173,954 | ▲ 152% |
| Operating profit (loss)9901 | €11,350 | €15,272 | €26,584 | €6,115 | ▼ 77.0% |
| Financial income75/76B | €6 | €210 | €0 | €53 | ▲ 264,200% |
| Recurring financial income75 | €6 | €210 | €0 | €53 | ▲ 264,200% |
| Financial charges65/66B | €1,157 | €2,983 | €5,983 | €4,026 | ▼ 32.7% |
| Recurring financial charges65 | €1,157 | €2,983 | €5,983 | €4,026 | ▼ 32.7% |
| Profit (loss) for the period before taxes9903 | €10,198 | €12,500 | €20,601 | €2,142 | ▼ 89.6% |
| Income taxes67/77 | €3,354 | €4,269 | €6,741 | €1,457 | ▼ 78.4% |
| Profit (loss) for the period9904 | €6,845 | €8,232 | €13,860 | €685 | ▼ 95.1% |
| Profit (loss) for the period to be appropriated9905 | €6,845 | €8,232 | €13,860 | €685 | ▼ 95.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €316,517 | €579,131 | €403,217 | €269,000 | ▼ 33.3% |
| Fixed assets21/28 | €15,223 | €11,545 | €7,050 | €6,547 | ▼ 7.1% |
| Tangible fixed assets22/27 | €15,223 | €11,545 | €7,050 | €3,547 | ▼ 49.7% |
| Plant, machinery and equipment23 | €5,167 | €3,938 | €3,635 | €2,204 | ▼ 39.4% |
| Furniture and vehicles24 | €10,056 | €7,607 | €3,415 | €1,343 | ▼ 60.7% |
| Financial fixed assets28 | - | - | - | €3,000 | - |
| Current assets29/58 | €301,294 | €567,586 | €396,168 | €262,453 | ▼ 33.8% |
| Stocks and contracts in progress3 | - | - | - | €7,798 | - |
| Stocks30/36 | - | - | - | €7,798 | - |
| Amounts receivable within one year40/41 | €229,186 | €464,606 | €159,186 | €158,884 | ▼ 0.2% |
| Trade receivables40 | €117,729 | €313,955 | €144,856 | €155,848 | ▲ 7.6% |
| Other amounts receivable41 | €111,457 | €150,651 | €14,329 | €3,036 | ▼ 78.8% |
| Cash at bank and in hand54/58 | €71,195 | €102,044 | €232,492 | €93,249 | ▼ 59.9% |
| Deferred charges and accrued income490/1 | €913 | €936 | €4,491 | €2,522 | ▼ 43.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €316,517 | €579,131 | €403,217 | €269,000 | ▼ 33.3% |
| Equity10/15 | €16,845 | €25,076 | €38,936 | €39,621 | ▲ 1.8% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €6,845 | €15,076 | €28,936 | €29,621 | ▲ 2.4% |
| Distributable reserves133 | €6,845 | €15,076 | €28,936 | €29,621 | ▲ 2.4% |
| Amounts payable17/49 | €299,672 | €554,055 | €364,281 | €229,378 | ▼ 37.0% |
| Amounts payable after more than one year17 | €104,246 | €86,253 | €74,354 | €57,241 | ▼ 23.0% |
| Financial debts170/4 | €104,246 | €86,253 | €74,354 | €57,241 | ▼ 23.0% |
| Amounts payable within one year42/48 | €195,427 | €467,802 | €289,927 | €172,138 | ▼ 40.6% |
| Current portion of amounts payable after more than one year42 | €17,573 | €18,387 | €16,693 | €17,113 | ▲ 2.5% |
| Trade debts44 | €173,058 | €438,291 | €256,605 | €128,914 | ▼ 49.8% |
| Suppliers440/4 | €173,058 | €438,291 | €256,605 | €128,914 | ▼ 49.8% |
| Taxes, remuneration and social security45 | €4,795 | €11,124 | €16,629 | €14,052 | ▼ 15.5% |
| Taxes450/3 | €3,354 | €7,622 | €8,028 | €5,021 | ▼ 37.5% |
| Remuneration and social security454/9 | €1,441 | €3,502 | €8,601 | €9,032 | ▲ 5.0% |
| Other amounts payable47/48 | - | - | - | €12,058 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,845 | €8,232 | €13,860 | €685 | ▼ 95.1% |
| + Depreciation and write-downs630 | €4,667 | €6,378 | €6,913 | €3,503 | ▼ 49.3% |
| Operating cash flow (approximation) | €11,512 | €14,610 | €20,773 | €4,188 | ▼ 79.8% |
| Investment in fixed assets (approximation) | - | -€2,700 | -€2,417 | -€3,000 | ▼ 24.1% |
| Change in cash | - | €30,850 | €130,447 | -€139,243 | ▼ 207% |
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
31-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-09
Financial
Weakest financial yearnet €685 ▼95.1%
Net result drops to €685, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-09
Financial
Highest result since 2022net €13,860 ▲68.4%
Operating result €26,584, net result €13,860, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 191 days late
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, Boutersem · 1 establishment unit since 2021
Ground area
3,665 m²
Building footprint
1,622 m²
Volume, LiDAR
8,938 m³
Parcel 24016B0177/00X000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HD DYNAMICA
since 20212.324.151.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24016B0177/00X000 | Flanders | 3,665 m² | 1 · 1,622 m² | 7.1 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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Of 3,960 companies in sector 43331 we hold annual accounts for 1,787. 1,521 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-11-2021
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43331Floor and wall tiling
43310Plastering work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777284061
Also
9925:BE0777284061
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.