Equity
€47,145 ▲ 0.3%
HD KINE has made a profit in every financial year since 2022.
HD KINE
Lifetime
4 annual accounts with figures on one time axispeak €29,657 (2023)
€8,405▼ 69.7%
peak €16,751 (2023)
€150▼ 98.9%
peak €47,145 (2025)
€47,145▲ 0.3%
€31,154▼ 16.0%
Board1 name since 2022
1 directorHaverland Donatienne
Documentsfilings and deeds
29-07-20262 days before the deadline
2025micro format
Gross margin from €27,720 to €8,405Result from €14,155 to €150Debts from €37,079 to €31,154
Key points
from the 2025 annual accountsChecked score
67
Healthy
Financially stronger than 56% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.3%▼ -0.1 percentage points vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.4%▲ +0.1 percentage points vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.4%● unchanged vs 05-2025
07-2025: 1.5%▲ +0.1 percentage points vs 06-2025
08-2025: 2.4%▲ +0.9 percentage points vs 07-2025
09-2025: 2.8%▲ +0.4 percentage points vs 08-2025
10-2025: 4.3%▲ +1.5 percentage points vs 09-2025highest value
11-2025: 1.6%▼ -2.7 percentage points vs 10-2025
12-2025: 1.6%● unchanged vs 11-2025
01-2026: 1.6%● unchanged vs 12-2025
02-2026: 1.6%● unchanged vs 01-2026
03-2026: 1.6%● unchanged vs 02-2026
04-2026: 1.6%● unchanged vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.7%▲ +0.1 percentage points vs 05-2026
07-2026: 1.8%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▼ -0.9 percentage points vs 07-2026lowest value
09-2026: 0.9%● unchanged vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2022
No main activity registered
lowers risk
Liquidity: current ratio 1.60, cash €41,207
Size: total assets €78,298
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 51% of them on solvency, 76% on liquidity, 47% on profitability and 49% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as HD KINE has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HD KINE itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for HD KINE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.6 (1.33 in 2024), above the usual 1.5. Short-term debt is 35.4% and cash 52.6% of total assets. 39.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 days early
2024
74 days late
2023
23 days late
2022
21 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 4 accounts on average 29 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HAVERLAND Donatienne Marie Claude Ghislaine 100 sharesdeed of 07-06-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0786762050
Incorporation
Founding capital of €5,000, 100 shares · Founder: HAVERLAND Donatienne Marie Claude Ghislaine · Appointment: HAVERLAND Donatienne Marie Claude Ghislaine (director) · published on 07-06-2022 · Gazette deed
First establishment
Rue Winget 254, Ohey
Official details
Source: KBO- Status
- Active since 02-06-2022Normal situation
- Activity
- “L'exercice et la pratique de la kinésithérapie dans son sens le plus large,y compris…” (deed in French)From the articles, 7 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.332.789.8205350 Ohey, since 02-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 28-07-2025
Annual accounts 2025
- €78,298▼ 6.9%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on HD KINE
HD KINE files the micro format. That format states no turnover. The gross margin fell from €18,932 in 2022 to €8,405 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HD KINE
- What is the company number of HD KINE?
- The company number of HD KINE is 0786.762.050. The VAT number is the same number with BE in front: BE 0786.762.050.
- Where is HD KINE based?
- The registered office is at Rue Winget 254, 5350 Ohey.Company details
- What is the legal form of HD KINE?
- HD KINE is a private limited company (BV).
- When was HD KINE founded?
- HD KINE was founded on 02-06-2022.
- Is HD KINE still active?
- Yes, HD KINE is an active enterprise in the KBO register.
- What is the turnover of HD KINE?
- The turnover in financial year 2025 is ≈ €64,000. This figure is estimated from the gross margin of €8,405 and 6,299 comparable companies of the same size. It probably lies between €29,000 and €150,000. It is a rough estimate.Financials
- Is HD KINE profitable?
- In financial year 2025, HD KINE made a profit of €150.
- Where can I find the annual accounts of HD KINE?
- HD KINE filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HD KINE due?
- HD KINE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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