HD Partners

Active

Public limited companyfounded 201213 yrs activeHoogbuul 35, 2250 Olen, BelgiumKBO/BCE: BE 0849.914.790

HD Partners is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €908k and a net result of €54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 2386 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 2386 sector peers (2025).

NBB · sector comparison

Position among 2386 sector peers

Solvency

better than 18%

← weakest strongest →

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €908k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

18 d early

2024

17 d early

2023

35 d early

2022

18 d early

2021

51 d late

2020

10 d late

2019

69 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Equity

€908k▲ 6.3%

2024 · €855k

2018: €1.55M 2019: €127k 2020: €45k 2021: €-16k 2022: €6k 2023: €798k 2024: €855k

2018 → 2025

Net result

€54k▼ 5.1%

2024 · €56k

2018: €765k 2019: €-1.42M 2020: €-82k 2021: €-60k 2022: €22k 2023: €792k 2024: €56k

2018 → 2025

Total assets

€4.40M▼ 7.6%

2024 · €4.76M

2018: €3.80M 2019: €2.69M 2020: €2.38M 2021: €2.32M 2022: €2.12M 2023: €3.16M 2024: €4.76M

2018 → 2025

Solvency

20.6%▲ 2.7pp

2024 · 18.0%

2018: 40.7% 2019: 4.7% 2020: 1.9% 2021: -0.7% 2022: 0.3% 2023: 25.3% 2024: 18.0%

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€769k-€662k▼ 13.9%€555k▼ 16.3%€677k▲ 22.1%€995k▲ 47.0%

Equity€-16k-€6k€798k▲ 13,061%€855k▲ 7.1%€908k▲ 6.3%

Operating result€21k-€123k▲ 484%€1.15M▲ 835%€136k▼ 88.2%€123k▼ 9.7%

Net result€-60k-€22k€792k▲ 3,559%€56k▼ 92.9%€54k▼ 5.1%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 10% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.40M

34.3%

65.7%

Fixed assets €1.51M▼ 19.1%

Current assets €2.89M▼ 0.1%

Equity and liabilities €4.40M

20.6%

77.2%

Equity €908k▲ 6.3%

Provisions €95k▼ 24.4%

Debt €3.39M▼ 10.1%

The debt ratio falls from 79.4% to 77.2%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

Solvency

20.6%▲

2024 · 18.0%

ROE

5.9%▼

2024 · 6.6%

ROA

1.2%▲

2024 · 1.2%

Debt

€3.39M▼

2024 · €3.78M

Debt ≤ 1 year

€2.52M▲

2024 · €1.78M

Debt > 1 year

€877k▼

2024 · €2.00M

Income taxes

€47k▼

2024 · €49k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€4.76M€4.40M▼

Fixed assets21/28€1.86M€1.51M▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€1.55M€1.20M▼

Plant, machinery and equipment23€8k€13k▲

Furniture and vehicles24€9k€7k▼

Leasing and similar rights25€1.53M€1.17M▼

Financial fixed assets28€313k€313k=

Affiliated companies280/1€313k€313k=

Participating interests280€313k€313k=

Other financial fixed assets284/8€135€135=

Amounts receivable and cash guarantees285/8€135€135=

Current assets29/58€2.89M€2.89M▼

Amounts receivable after more than one year29-€1.53M

Other amounts receivable291-€1.53M

Amounts receivable within one year40/41€2.11M€510k▼

Trade receivables40€491k€404k▼

Other amounts receivable41€1.62M€106k▼

Current investments50/53€750k€750k=

Other investments51/53€750k€750k=

Cash at bank and in hand54/58€31k€99k▲

Deferred charges and accrued income490/1-€5k

Equity and liabilities

Total equity and liabilities10/49€4.76M€4.40M▼

Equity10/15€855k€908k▲

Contributions10/11€1.23M€1.23M=

Capital10€1.23M€1.23M=

Issued capital100€1.23M€1.23M=

Reserves13€397k€305k▼

Non-distributable reserves130/1€21k€21k=

Legal reserve130€21k€21k=

Tax-exempt reserves132€376k€284k▼

Profit (loss) carried forward14€-767k€-622k▲

Provisions and deferred taxes16€125k€95k▼

Deferred taxes168€125k€95k▼

Amounts payable17/49€3.78M€3.39M▼

Amounts payable after more than one year17€2.00M€877k▼

Financial debts170/4€2.00M€877k▼

Leasing and similar obligations172€1.21M€866k▼

Credit institutions173€786k€11k▼

Amounts payable within one year42/48€1.78M€2.52M▲

Current portion of amounts payable after more than one year42€529k€1.16M▲

Financial debts43€53k€19k▼

Credit institutions430/8€53k€19k▼

Trade debts44€98k€119k▲

Suppliers440/4€98k€119k▲

Taxes, remuneration and social security45€135k€68k▼

Taxes450/3€135k€68k▼

Other amounts payable47/48€961k€1.15M▲

Accrued charges and deferred income492/3€737€596▼

Income statement Code20242025

Operating income70/76A€747k€1.05M▲

Turnover70€677k€995k▲

Non-recurring operating income76A€70k€50k▼

Operating charges60/66A€611k€923k▲

Goods for resale, raw materials and consumables60€142k€313k▲

Purchases600/8€142k€313k▲

Services and other goods61€195k€216k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€375k▲

Other operating charges640/8€10k€18k▲

Operating profit (loss)9901€136k€123k▼

Financial income75/76B€50k€39k▼

Recurring financial income75€50k€39k▼

Income from financial fixed assets750€0-

Income from current assets751€50k€39k▼

Financial charges65/66B€108k€93k▼

Recurring financial charges65€108k€93k▼

Debt charges650€108k€92k▼

Other financial charges652/9-€653

Profit (loss) for the period before taxes9903€77k€69k▼

Transfer from deferred taxes780€28k€31k▲

Income taxes67/77€49k€47k▼

Taxes670/3€49k€47k▼

Profit (loss) for the period9904€56k€54k▼

Transfer from tax-exempt reserves789€83k€92k▲

Profit (loss) for the period to be appropriated9905€140k€145k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-1.09M€-622k▲

Profit (loss) brought forward from the previous period14P€-1.23M€-767k▲

Transfer from equity791/2€324k-

From reserves792€324k-

The notes to these accounts (61 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

13-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

14-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

26-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Highest result since 2018net €792k ▲3559%

Operating result €1.15M, net result €792k, both a record.

31-12

Financial Equity above €500kEq €798k ▲13061%

2 profitable years in a row build equity to €798k.

13-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €22k

Net result €22k after 3 loss-making years.

20-09

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 51 days late

2021

10-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 10 days late

2020

08-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 69 days late

2019

31-12

Financial Weakest financial yearnet €-1.42M ▼286%

Net result drops to €-1.42M, the lowest in the series; recovery starts the following year.

12-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

19-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

17 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, Olen · 1 establishment unit since 2012

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Hoogbuul 352250 Olen

Ground area

7,437 m²

Building footprint

748 m²

Volume, LiDAR

4,922 m³