HD GROUP IMMO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-07-2024, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
26 d early
2022
31 d late
2021
25 d late
2020
30 d late
2019
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 25 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, unclassified schema
Turnover
€590,254▲ 64.6%
2022 · €358,656
EBIT margin
57.5%▲ 7.4pp
2022 · 50.1%
Net result
€899,580▲ 699%
2022 · €112,603
Working capital
€26,646
2022 · -€632,835
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€360,423▼ 5.5%€377,035▲ 4.6%€348,377▼ 7.6%€358,656▲ 3.0%€590,254▲ 64.6%
Operating result€145,867▲ 13.6%€185,141▲ 26.9%€50,878▼ 72.5%€179,684▲ 253%€339,120▲ 88.7%
Net result€91,661▲ 246%€101,556▲ 10.8%€246,800▲ 143%€112,603▼ 54.4%€899,580▲ 699%
EBIT margin40.5%▲ 6.8pp49.1%▲ 8.6pp14.6%▼ 34.5pp50.1%▲ 35.5pp57.5%▲ 7.4pp
Equity€1.5m▲ 6.3%€1.6m▲ 6.6%€1.8m▲ 15.3%€1.9m▲ 5.9%€2.8m▲ 46.1%
Total assets€4.8m▼ 1.4%€5.1m▲ 4.6%€5.1m▲ 0.2%€5.5m▲ 8.6%€6.6m▲ 20.8%
Debt€3.3m▼ 4.5%€3.5m▲ 3.7%€3.2m▼ 6.8%€3.6m▲ 10.2%€3.8m▲ 6.9%
Working capital-€503,089▼ 16.3%-€447,663▲ 11.0%-€476,363▼ 6.4%-€632,835▼ 32.8%€26,646
Staff (FTE)1=1=1=0.9▼ 10.0%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 89% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €6.6m
Fixed assets
€4.1m ▲ 4.6%
Current assets
€2.6m ▲ 59.9%
Equity and liabilities €6.6m
Equity
€2.8m ▲ 46.1%
Debt
€3.8m ▲ 6.9%
Debt's share of the balance-sheet total falls from 64.7% to 57.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€414,976▲
2022 · €246,256
Cash flow
€975,436▲
2022 · €179,175
Current ratio
1.01▲
2022 · 0.72
Debt to equity
1.34▼
2022 · 1.84
ROE
31.7%▲
2022 · 5.8%
ROA
13.5%▲
2022 · 2.0%
Interest coverage
12.43▲
2022 · 7.73
Debt ≤ 1 year
€2.5m▲
2022 · €2.2m
Debt > 1 year
€1.3m▼
2022 · €1.3m
Income taxes
€75,967▲
2022 · €36,675
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €350,888 | €455,321 | €591,447 | ▲ 29.9% |
| Turnover70 | €360,423 | €377,035 | €348,377 | €358,656 | €590,254 | ▲ 64.6% |
| Other operating income74 | - | - | €2,511 | €96,666 | €1,193 | ▼ 98.8% |
| Operating charges60/66A | - | - | €300,010 | €275,638 | €252,327 | ▼ 8.5% |
| Services and other goods61 | - | - | €128,281 | €122,896 | €151,754 | ▲ 23.5% |
| Remuneration, social security and pensions62 | - | - | €82,925 | €63,589 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,744 | €67,748 | €67,017 | €66,572 | €75,856 | ▲ 13.9% |
| Other operating charges640/8 | - | - | €21,786 | €22,581 | €24,717 | ▲ 9.5% |
| Operating profit (loss)9901 | €145,867 | €185,141 | €50,878 | €179,684 | €339,120 | ▲ 88.7% |
| Financial income75/76B | - | - | €242,390 | €3,771 | €671,679 | ▲ 17,710% |
| Recurring financial income75 | €28,752 | €3,771 | €242,390 | €3,771 | €671,679 | ▲ 17,710% |
| Income from financial fixed assets750 | - | - | €238,619 | - | €667,908 | - |
| Other financial income752/9 | - | - | €3,771 | €3,771 | €3,771 | = |
| Financial charges65/66B | - | - | €44,492 | €34,177 | €35,252 | ▲ 3.1% |
| Recurring financial charges65 | €41,847 | €51,475 | €44,492 | €34,177 | €35,252 | ▲ 3.1% |
| Debt charges650 | €40,159 | €50,102 | €42,633 | €31,850 | €33,394 | ▲ 4.8% |
| Other financial charges652/9 | - | - | €1,859 | €2,327 | €1,858 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €132,772 | €137,437 | €248,776 | €149,278 | €975,547 | ▲ 554% |
| Income taxes67/77 | €41,111 | €35,881 | €1,976 | €36,675 | €75,967 | ▲ 107% |
| Taxes670/3 | - | - | €1,976 | €36,675 | €75,967 | ▲ 107% |
| Profit (loss) for the period9904 | €91,661 | €101,556 | €246,800 | €112,603 | €899,580 | ▲ 699% |
| Profit (loss) for the period to be appropriated9905 | €91,661 | €101,556 | €246,800 | €112,603 | €899,580 | ▲ 699% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.8m | €5.1m | €5.1m | €5.5m | €6.6m | ▲ 20.8% |
| Formation expenses20 | €1,132 | €333 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €3.7m | €3.7m | €3.9m | €3.9m | €4.1m | ▲ 4.6% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.6m | €1.6m | €1.8m | ▲ 11.3% |
| Land and buildings22 | - | - | €1.6m | €1.6m | €1.8m | ▲ 14.0% |
| Plant, machinery and equipment23 | - | - | - | €37,991 | - | - |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Affiliated companies280/1 | - | - | €2.3m | €2.3m | €2.3m | = |
| Participating interests280 | - | - | €2.3m | €2.3m | €2.3m | = |
| Other financial fixed assets284/8 | - | - | €1,768 | €1,768 | €1,768 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €1,768 | €1,768 | €1,768 | = |
| Current assets29/58 | €1.1m | €1.4m | €1.2m | €1.6m | €2.6m | ▲ 59.9% |
| Amounts receivable within one year40/41 | €994,005 | €1.2m | €956,246 | €1.3m | €2.1m | ▲ 62.7% |
| Trade receivables40 | - | - | €113,137 | €92,707 | €95,133 | ▲ 2.6% |
| Other amounts receivable41 | - | - | €843,109 | €1.2m | €2.0m | ▲ 67.3% |
| Cash at bank and in hand54/58 | €93,505 | €168,109 | €204,970 | €224,728 | €427,771 | ▲ 90.4% |
| Deferred charges and accrued income490/1 | - | - | - | €66,606 | €850 | ▼ 98.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.8m | €5.1m | €5.1m | €5.5m | €6.6m | ▲ 20.8% |
| Equity10/15 | €1.5m | €1.6m | €1.8m | €1.9m | €2.8m | ▲ 46.1% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 3.9% |
| Capital10 | - | - | €1.2m | €1.2m | - | - |
| Issued capital100 | - | - | €1.2m | €1.2m | - | - |
| Reserves13 | €46,112 | €46,112 | €46,112 | €46,112 | - | - |
| Non-distributable reserves130/1 | - | - | €46,112 | €46,112 | - | - |
| Legal reserve130 | - | - | €46,112 | €46,112 | - | - |
| Profit (loss) carried forward14 | €174,258 | €275,815 | €522,614 | €635,217 | €1.5m | ▲ 142% |
| Investment grants15 | - | - | €93,915 | €90,143 | €86,372 | ▼ 4.2% |
| Amounts payable17/49 | €3.3m | €3.5m | €3.2m | €3.6m | €3.8m | ▲ 6.9% |
| Amounts payable after more than one year17 | €1.8m | €1.6m | €1.6m | €1.3m | €1.3m | ▼ 4.2% |
| Financial debts170/4 | - | - | €1.6m | €1.3m | €1.3m | ▼ 4.2% |
| Credit institutions173 | - | - | €1.6m | €1.3m | €1.3m | ▼ 4.2% |
| Amounts payable within one year42/48 | €1.6m | €1.8m | €1.6m | €2.2m | €2.5m | ▲ 13.5% |
| Current portion of amounts payable after more than one year42 | - | - | €294,214 | €339,288 | €352,109 | ▲ 3.8% |
| Financial debts43 | - | - | - | - | €10,116 | - |
| Credit institutions430/8 | - | - | - | - | €10,116 | - |
| Trade debts44 | €15,702 | €23,478 | €92,866 | €105,980 | €54,793 | ▼ 48.3% |
| Suppliers440/4 | - | - | €92,866 | €105,980 | €54,793 | ▼ 48.3% |
| Taxes, remuneration and social security45 | - | - | €576,785 | €575,154 | €967 | ▼ 99.8% |
| Taxes450/3 | - | - | €564,865 | €575,154 | €967 | ▼ 99.8% |
| Remuneration and social security454/9 | - | - | €11,920 | - | - | - |
| Other amounts payable47/48 | - | - | €673,714 | €1.2m | €2.1m | ▲ 74.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,661 | €101,556 | €246,800 | €112,603 | €899,580 | ▲ 699% |
| + Depreciation and write-downs630 | €71,744 | €67,748 | €67,017 | €66,572 | €75,856 | ▲ 13.9% |
| Operating cash flow (approximation) | €163,405 | €169,304 | €313,817 | €179,175 | €975,436 | ▲ 444% |
| Investment in fixed assets (approximation) | - | -€2,499 | -€290,048 | -€57,823 | -€256,493 | ▼ 344% |
| Change in cash | - | €74,603 | €36,861 | €19,758 | €203,043 | ▲ 928% |
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
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Highest result since 2018net €899,580 ▲699%
Operating result €339,120, net result €899,580, both a record.
31-12
Financial
Equity above €2mEq €2.8m ▲46.1%
6 profitable years in a row build equity to €2.8m.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 63 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 43 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
04-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
99%
Stated earlier (2)
An older source named these holdings; newer accounts no longer list them.
-
99%
-
99%
According to the 2023 annual accounts of HD GROUP IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.