HD Physio
Annual accounts 2025
micro format, filed on 05-03-2026, 148 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €94,000 and €170,000.
Balance sheet
balance sheet total €87,050 on 31-12-2025in euro
in euro
Position in the sector
90.1%
Higher than 84% of 20,767 companies in 2025.
9.35
Higher than 82% of 20,341 companies in 2025.
31.7%
Higher than 67% of 20,623 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
87,050 | 64,743 | 42,732 | |
21/28 |
6,371 | 6,291 | 862 | |
22/27 |
6,371 | 6,291 | 862 | |
22 |
4,406 | 5,654 | - | |
23 |
1,965 | 637 | 862 | |
29/58 |
80,679 | 58,452 | 41,870 | |
40/41 |
8,314 | 17,381 | 14,514 | |
40 |
8,293 | 16,029 | 14,514 | |
41 |
21 | 1,352 | - | |
54/58 |
71,545 | 39,972 | 24,000 | |
490/1 |
821 | 1,099 | 3,356 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
87,050 | 64,743 | 42,732 | |
10/15 |
78,420 | 50,809 | 22,858 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
75,420 | 47,809 | 19,858 | |
17/49 |
8,630 | 13,935 | 19,874 | |
42/48 |
8,630 | 13,935 | 19,874 | |
44 |
185 | 236 | 419 | |
440/4 |
185 | 236 | 419 | |
45 |
8,446 | 13,699 | 9,539 | |
450/3 |
8,446 | 13,699 | 5,459 | |
454/9 |
- | - | 4,080 | |
47/48 |
- | - | 9,916 | |
| Income statement | ||||
9900 |
40,735 | 39,993 | 27,378 | |
62 |
310 | - | - | |
630 |
1,980 | 930 | 158 | |
640/8 |
240 | 405 | 476 | |
9901 |
38,204 | 38,658 | 26,744 | |
75/76B |
1 | - | - | |
75 |
1 | - | - | |
65/66B |
2,899 | 3,082 | 1,427 | |
65 |
2,899 | 3,082 | 1,427 | |
9903 |
35,307 | 35,576 | 25,317 | |
67/77 |
7,696 | 7,625 | 5,459 | |
9904 |
27,611 | 27,951 | 19,858 | |
9905 |
27,611 | 27,951 | 19,858 | |
| Appropriation of the result | ||||
9906 |
75,420 | 47,809 | 19,858 | |
14P |
47,809 | 19,858 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 05-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2023 to 2025, 3 entries, €2,141 awarded, €2,141 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €348 | €348 |
| 2024 | 1 | €407 | €407 |
| 2023 | 1 | €1,386 | €1,386 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 40,185 | 39,588 | 26,902 | ||
| 29,591 | 28,880 | 20,016 | ||
| 2,060 | 6,359 | 1,020 | ||
| 31,572 | 15,973 | - | ||
| 72,049 | 44,518 | 21,996 | ||
| 90.1% | 78.5% | 53.5% | ||
| 9.35 | 4.19 | 2.11 | ||
| 0.11 | 0.27 | 0.87 | ||
| 35.2% | 55.0% | 86.9% | ||
| 31.7% | 43.2% | 46.5% | ||
| 13.86 | 12.84 | 18.85 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,060 | €6,359 | €1,020 |
| €1,980 | €930 | €158 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on HD Physio
The operating result for 2025 is 1% lower than in 2024.
Debt's share of the balance-sheet total falls from 21.5% to 9.9%. Equity is higher and debt is lower.