HD-NOT
ActiveSummary
HD-NOT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96k and a net result of €9k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 89% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 10.57 against 10.09 in 2024; short-term debt: 9.4% and cash: 61.1% of total assets), and 9.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
90.6%
Return on assets
8.9%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
3 d late
2021
16 d late
2020
82 d early
2019
67 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€96k▲ 10.8%
2024 · €87k
Total assets
€106k▲ 10.3%
2024 · €96k
Net result
€9k▼ 12.9%
2024 · €11k
Working capital
€96k▲ 11.2%
2024 · €86k
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
Line20212022202320242025
Operating result€22k€23k▲ 5.9%€19k▼ 18.0%€16k▼ 17.1%€13k▼ 14.3%
Net result€22k€21k▼ 2.2%€13k▼ 37.3%€11k▼ 18.7%€9k▼ 12.9%
Equity€41k▲ 110%€63k▲ 51.1%€76k▲ 21.2%€87k▲ 14.2%€96k▲ 10.8%
Total assets€69k▲ 179%€71k▲ 3.9%€91k▲ 28.2%€96k▲ 5.2%€106k▲ 10.3%
Debt€27k▲ 468%€9k▼ 68.1%€16k▲ 79.1%€9k▼ 39.1%€10k▲ 5.6%
Working capital€23k▲ 18.5%€48k▲ 106%€75k▲ 55.2%€86k▲ 14.8%€96k▲ 11.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 14% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€579 ▼ 29.3%
Current assets
€106k ▲ 10.7%
Equity and liabilities €106k
Equity
€96k ▲ 10.8%
Debt
€10k ▲ 5.6%
Debt's share of the balance-sheet total falls from 9.8% to 9.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14k▼
2024 · €16k
Cash flow
€10k▼
2024 · €11k
Current ratio
10.57▲
2024 · 10.09
Debt to equity
0.10▼
2024 · 0.11
ROE
9.8%▼
2024 · 12.5%
ROA
8.9%▼
2024 · 11.2%
Interest coverage
170.51▲
2024 · 16.57
Debt ≤ 1 year
€10k▲
2024 · €9k
Income taxes
€5k▼
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €440 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €4k | €140 | €239 | €239 | = |
| Other operating charges640/8 | €75 | €3k | €1k | €859 | €528 | ▼ 38.5% |
| Gross operating margin9900 | €22k | €30k | €20k | €17k | €14k | ▼ 15.4% |
| Operating profit (loss)9901 | €22k | €23k | €19k | €16k | €13k | ▼ 14.3% |
| Financial income75/76B | - | - | - | €932 | €616 | ▼ 33.9% |
| Recurring financial income75 | - | - | - | €932 | €616 | ▼ 33.9% |
| Financial charges65/66B | €22 | €12 | €1k | €957 | €80 | ▼ 91.7% |
| Recurring financial charges65 | €22 | €12 | €1k | €957 | €80 | ▼ 91.7% |
| Profit (loss) for the period before taxes9903 | €22k | €23k | €18k | €16k | €14k | ▼ 10.8% |
| Income taxes67/77 | - | €2k | €4k | €5k | €5k | ▼ 5.8% |
| Profit (loss) for the period9904 | €22k | €21k | €13k | €11k | €9k | ▼ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €22k | €21k | €13k | €11k | €9k | ▼ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €69k | €71k | €91k | €96k | €106k | ▲ 10.3% |
| Fixed assets21/28 | €18k | €14k | €1k | €818 | €579 | ▼ 29.3% |
| Tangible fixed assets22/27 | €18k | €14k | €1k | €818 | €579 | ▼ 29.3% |
| Plant, machinery and equipment23 | - | - | €1k | €818 | €579 | ▼ 29.3% |
| Furniture and vehicles24 | €18k | €14k | - | - | - | - |
| Current assets29/58 | €51k | €57k | €90k | €95k | €106k | ▲ 10.7% |
| Amounts receivable within one year40/41 | - | €2k | €3k | €751 | €692 | ▼ 7.8% |
| Other amounts receivable41 | - | €2k | €3k | €751 | €692 | ▼ 7.8% |
| Current investments50/53 | - | - | €40k | €40k | €40k | = |
| Cash at bank and in hand54/58 | €51k | €55k | €48k | €55k | €65k | ▲ 18.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €69k | €71k | €91k | €96k | €106k | ▲ 10.3% |
| Equity10/15 | €41k | €63k | €76k | €87k | €96k | ▲ 10.8% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Reserves13 | €5k | €5k | €5k | €15k | €23k | ▲ 53.3% |
| Non-distributable reserves130/1 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves not available under the articles1311 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | - | - | - | €10k | €18k | ▲ 80.0% |
| Profit (loss) carried forward14 | €-14k | €8k | €21k | €22k | €23k | ▲ 6.5% |
| Amounts payable17/49 | €27k | €9k | €16k | €9k | €10k | ▲ 5.6% |
| Amounts payable within one year42/48 | €27k | €9k | €16k | €9k | €10k | ▲ 5.6% |
| Trade debts44 | €21k | €282 | €1k | €1k | €107 | ▼ 90.6% |
| Suppliers440/4 | €21k | €282 | €1k | €1k | €107 | ▼ 90.6% |
| Taxes, remuneration and social security45 | €7k | €8k | €14k | €8k | €8k | ▼ 2.3% |
| Taxes450/3 | €7k | €8k | €14k | €8k | €8k | ▼ 2.3% |
| Other amounts payable47/48 | - | - | €286 | €446 | €2k | ▲ 391% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €21k | €13k | €11k | €9k | ▼ 12.9% |
| + Depreciation and write-downs630 | - | €4k | €140 | €239 | €239 | = |
| Operating cash flow (approximation) | €22k | €25k | €13k | €11k | €10k | ▼ 12.7% |
| Investment in fixed assets (approximation) | - | €0 | €13k | €0 | €0 | - |
| Change in cash | - | €4k | €-7k | €7k | €10k | ▲ 46.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 6.57
Current ratio from 1.86 to 6.57; short-term debt falls from €27k to €9k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after 3 loss-making years.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Harelbeke · 1 establishment unit since 2021
Ground area
608 m²
Building footprint
146 m²
Volume, LiDAR
702 m³
Parcel 34013A1264/00Y000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HD-NOT
since 20212.320.978.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1264/00Y000 | Flanders | 608 m² | 1 · 146 m² | 6.9 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 5,710 companies in sector 70100 we hold annual accounts for 3,495. 2,275 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
Founded27-06-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.