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HD RESOURCES

Inactive
Private limited companyKBO/BCE: BE 0675.667.653

Inactive since 15-07-2026. The last annual accounts are for financial year 2025. The company was dissolved and wound up in a single deed. The books and records are kept for 5 years in Herve.

HD RESOURCESInactive

Overview

Overview

Official details

Source: KBO
Status
Inactive Normal situation
Legal form
Private limited company
Activity
No activity registered in the KBO
Financial year end
30 June
Peppol
Not found in the Peppol Directory

Board and ownership

Board

Financial position

No score
Annual accounts to 30-06-2025
Gross margin
€167,216
▲ 134%
Turnover
≈ €420,000
estimated
Profit
€100,604
▲ 173%
Equity
€311,664
▲ 47.7%
Total assets
€332,592
▲ 30.8%

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 22-12-2025 PDF all 8 filings

Turnover
≈ €420,000
Estimated: probably between €280,000 and €650,000
Total assets
€332,592▲ 30.8%
2024 · €254,219
Net result
€100,604▲ 173%
2024 · €36,784
Working capital
€287,610▲ 68.4%
2024 · €170,768
Multi-year overview
2019 to 2025, 7 financial years
Operating result
€148,386
▲ 177% 2025
20192025
Net result
€100,604
▲ 173% 2025
20192025
Equity
€311,664
▲ 47.7% 2025
20192025
Total assets
€332,592
▲ 30.8% 2025
20192025
Debt
€20,929
▼ 51.5% 2025
20192025
Working capital
€287,610
▲ 68.4% 2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€29,923-€50,859▲ 70.0%€46,447▼ 8.7%€45,969▼ 1.0%€46,391▲ 0.9%€53,623▲ 15.6%€148,386▲ 177%
Net result€18,861-€33,729▲ 78.8%€30,491▼ 9.6%€31,623▲ 3.7%€32,113▲ 1.5%€36,784▲ 14.5%€100,604▲ 173%
Equity€46,321-€80,050▲ 72.8%€110,541▲ 38.1%€142,163▲ 28.6%€174,276▲ 22.6%€211,060▲ 21.1%€311,664▲ 47.7%
Total assets€125,437-€188,258▲ 50.1%€180,160▼ 4.3%€212,415▲ 17.9%€219,168▲ 3.2%€254,219▲ 16.0%€332,592▲ 30.8%
Debt€79,116-€108,208▲ 36.8%€69,619▼ 35.7%€70,252▲ 0.9%€44,892▼ 36.1%€43,160▼ 3.9%€20,929▼ 51.5%
Working capital€21,886-€61,194▲ 180%€99,222▲ 62.1%€68,880▼ 30.6%€115,385▲ 67.5%€170,768▲ 48.0%€287,610▲ 68.4%

The operating result for 2025 is 177% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €332,592
Fixed assets €24,474 ▼ 41.3%
Current assets €308,119 ▲ 45.0%
Equity and liabilities €332,592
Equity €311,664 ▲ 47.7%
Debt €20,929 ▼ 51.5%
Debt's share of the balance-sheet total falls from 17.0% to 6.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€165,308▲
2024 · €70,891
Cash flow
€117,526▲
2024 · €54,052
Current ratio
15.02▲
2024 · 5.09
Debt to equity
0.07▼
2024 · 0.20
ROE
32.3%▲
2024 · 17.4%
ROA
30.2%▲
2024 · 14.5%
Interest coverage
over 100▲
2024 · 29.32
Debt ≤ 1 year
€20,509▼
2024 · €41,788
Income taxes
€49,425▲
2024 · €15,519
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€79,980€1,770--
Depreciation and write-downs of the year€9,493€17,855€17,268€16,922

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€254,219€332,592▲
Fixed assets21/28€41,662€24,474▼
Tangible fixed assets22/27€41,662€24,474▼
Furniture and vehicles24€41,662€24,474▼
Current assets29/58€212,557€308,119▲
Amounts receivable within one year40/41€20,965€40,811▲
Trade receivables40€19,965€37,934▲
Other amounts receivable41€1,000€2,878▲
Current investments50/53€120,000-
Cash at bank and in hand54/58€67,734€266,267▲
Deferred charges and accrued income490/1€3,858€1,041▼
Equity and liabilities
Total equity and liabilities10/49€254,219€332,592▲
Equity10/15€211,060€311,664▲
Contributions10/11€18,600€18,600=
Reserves13€192,359€292,859▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€190,499€290,999▲
Profit (loss) carried forward14€101€205▲
Amounts payable17/49€43,160€20,929▼
Amounts payable within one year42/48€41,788€20,509▼
Trade debts44€1,862€4,038▲
Suppliers440/4€1,862€4,038▲
Taxes, remuneration and social security45€20,562€16,471▼
Taxes450/3€20,562€16,471▼
Other amounts payable47/48€19,364-
Accrued charges and deferred income492/3€1,371€420▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,268€16,922▼
Other operating charges640/8€538€1,909▲
Gross operating margin9900€71,429€167,216▲
Operating profit (loss)9901€53,623€148,386▲
Financial income75/76B€1,097€2,186▲
Recurring financial income75€1,097€2,186▲
Financial charges65/66B€2,418€543▼
Recurring financial charges65€2,418€543▼
Profit (loss) for the period before taxes9903€52,302€150,028▲
Income taxes67/77€15,519€49,425▲
Profit (loss) for the period9904€36,784€100,604▲
Profit (loss) for the period to be appropriated9905€36,784€100,604▲
Appropriation of the result
Profit (loss) to be appropriated9906€36,885€100,705▲
Profit (loss) brought forward from the previous period14P€101€101=
Transfer to equity691/2€36,784€100,500▲
To other reserves6921€36,784€100,500▲

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 22-12-2025.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,953€8,960€9,142€9,493€17,855€17,268€16,922▼ 2.0%
Other operating charges640/8---€5,748€817€538€1,909▲ 255%
Gross operating margin9900€40,347€60,601€56,374€61,210€65,063€71,429€167,216▲ 134%
Operating profit (loss)9901€29,923€50,859€46,447€45,969€46,391€53,623€148,386▲ 177%
Financial income75/76B-----€1,097€2,186▲ 99.2%
Recurring financial income75-€0---€1,097€2,186▲ 99.2%
Financial charges65/66B---€1,992€958€2,418€543▼ 77.5%
Recurring financial charges65€1,458€1,929€1,961€1,992€958€2,418€543▼ 77.5%
Profit (loss) for the period before taxes9903€28,465€48,930€44,486€43,977€45,434€52,302€150,028▲ 187%
Income taxes67/77€9,604€15,200€13,996€12,355€13,321€15,519€49,425▲ 218%
Profit (loss) for the period9904€18,861€33,729€30,491€31,623€32,113€36,784€100,604▲ 173%
Profit (loss) for the period to be appropriated9905€18,861€33,729€30,491€31,623€32,113€36,784€100,604▲ 173%
Line2019202020212022202320242025Change
Assets
Total assets20/58€125,437€188,258€180,160€212,415€219,168€254,219€332,592▲ 30.8%
Fixed assets21/28€28,073€20,633€15,495€75,815€59,730€41,662€24,474▼ 41.3%
Tangible fixed assets22/27€28,073€20,633€15,495€75,815€59,730€41,662€24,474▼ 41.3%
Furniture and vehicles24---€75,815€59,730€41,662€24,474▼ 41.3%
Current assets29/58€97,364€167,625€164,665€136,600€159,437€212,557€308,119▲ 45.0%
Amounts receivable within one year40/41€18,150€19,150€19,350€19,202€20,965€20,965€40,811▲ 94.7%
Trade receivables40---€18,202€19,965€19,965€37,934▲ 90.0%
Other amounts receivable41---€1,000€1,000€1,000€2,878▲ 188%
Current investments50/53-----€120,000--
Cash at bank and in hand54/58€74,971€144,184€141,048€113,210€134,105€67,734€266,267▲ 293%
Deferred charges and accrued income490/1---€4,188€4,367€3,858€1,041▼ 73.0%
Equity and liabilities
Total equity and liabilities10/49€125,437€188,258€180,160€212,415€219,168€254,219€332,592▲ 30.8%
Equity10/15€46,321€80,050€110,541€142,163€174,276€211,060€311,664▲ 47.7%
Contributions10/11€18,600--€18,600€18,600€18,600€18,600=
Reserves13€27,700€61,440€91,840€123,463€155,575€192,359€292,859▲ 52.2%
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Distributable reserves133---€121,603€153,715€190,499€290,999▲ 52.8%
Profit (loss) carried forward14€21€10€101€101€101€101€205▲ 103%
Amounts payable17/49€79,116€108,208€69,619€70,252€44,892€43,160€20,929▼ 51.5%
Amounts payable within one year42/48€75,478€106,431€65,443€67,721€44,053€41,788€20,509▼ 50.9%
Trade debts44€2,270€3,673€2,185€2,533€2,987€1,862€4,038▲ 117%
Suppliers440/4---€2,533€2,987€1,862€4,038▲ 117%
Taxes, remuneration and social security45---€19,204€20,451€20,562€16,471▼ 19.9%
Taxes450/3---€17,575€18,951€20,562€16,471▼ 19.9%
Remuneration and social security454/9---€1,628€1,500---
Other amounts payable47/48---€45,984€20,615€19,364--
Accrued charges and deferred income492/3---€2,532€839€1,371€420▼ 69.4%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€18,861€33,729€30,491€31,623€32,113€36,784€100,604▲ 173%
+ Depreciation and write-downs630€8,953€8,960€9,142€9,493€17,855€17,268€16,922▼ 2.0%
Operating cash flow (approximation)€27,814€42,689€39,632€41,116€49,968€54,052€117,526▲ 117%
Investment in fixed assets (approximation)--€1,521-€4,003-€69,813-€1,770€800€267▼ 66.7%
Change in cash-€69,214-€3,136-€27,838€20,895-€66,371€198,533-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (8)
Financial year Type Filed Reference Document
30-06-2025 micro format 22-12-2025 2025-00587593 PDF
30-06-2024 micro format 26-12-2024 2024-00625261 PDF
30-06-2023 micro format 22-12-2023 2023-00535672 PDF
30-06-2022 micro format 04-01-2023 2023-20554355 PDF
30-06-2021 micro format 27-10-2021 2021-75300392 PDF
30-06-2020 micro format 28-09-2020 2020-56100348 PDF
30-06-2019 micro format 06-01-2020 2020-00300276 PDF
30-06-2018 micro format 23-01-2019 2019-02200145 PDF

Board & ownership

Directors

Directors
1 director, last change in 2023
Henri DECLOUX
Director (not named in the articles) · since 12-05-2017 · earlier manager, until 23-11-2023 · listed in the 2025 annual accounts, filed on 22-12-2025
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 23-11-2023

Owners and capital

Shareholders

Stated in the act act of 16-07-2026 ↗

Capital transactions

Capital over time
  1. 23-11-2023 Converted to unavailable equity

Mandate history

2 people, 1 in office
Show
  • Board
  • began earlier
  • end not dated
Mandates per person, with start and end dates
Name Functions and periods
Henri DECLOUX
  • Manager, until 23-11-2023
  • Director (not named in the articles), appointed in the act of 23-11-2023, still in office
Marie-Claire COLLINGS
  • Administratrice substituant, appointed in the act of 23-11-2023, no longer listed in the 2025 annual accounts
See the board, name and registered office on a given date →

Articles of association

Custody of recordsThe books and records are kept for at least five years after liquidation. The articles set where.
“4650 Herve,Rue Sous-le-Château 10,domicile des époux DECLOUX-COLLINGS, livres et documents sociaux”

Articles of association, deed of 16-07-2026 (in French)

Network & group

HD RESOURCES shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of HD RESOURCES. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-01-2027
2026
16-07
Gazette deed Dissolution with immediate closure of the liquidation
Net-asset statement · Shareholding · Liquidation distribution17 points ▸
  • General meeting, 26-06-2026
  • Other provision, “situation comptable ne remontant pas à plus de trois mois, présentation des rapports” (deed in French)
  • Other provision, “rapport d'expert-comptable certifié, un exemplaire déposé au Greffe en même temps que les présentes” (deed in French)
  • Net-asset statement, 17-06-2026
  • Other provision, “dettes envers tiers, toutes dettes remboursées ou sommes consignées à date de signature” (deed in French)
  • Other provision, “événements postérieurs, aucun événement à influence significative depuis 17-06-2026 à connaissance” (deed in French)
  • Other provision, “détention des rapports, assemblée déclare et reconnaît détenir copie rapport spécial et rapport expert-comptable certifié” (deed in French)
  • Other provision, “situation active et passive arrêtée au 2026-06-17 et rapport expert-comptable certifié, contexte dissolution et clôture en un acte” (deed in French)
  • Other provision, “sous forme de numéraire, actif disponible et liquidateur” (deed in French)
  • DECLOUX Henri holds 62 shares
  • COLLINGS holds 62 shares
  • Liquidation distribution, 291642, “participation” (deed in French)
  • The act holds 5 more points.

Open the act in the Belgian Official Gazette

2025
22-12
NBB filing Annual accounts 2025 filedPDF
micro format · 40 days before the deadline
30-06
Financial Highest result from 2019 to 2025net €100,604 ▲173%
The operating result of €148,386 and the net result of €100,604 are both a record.
30-06
Financial Liquidity more than doubledcurrent ratio 15.02
The current ratio rises from 5.09 to 15.02. Short-term debt falls from €41,788 to €20,509.
2024
26-12
NBB filing Annual accounts 2024 filedPDF
micro format · 36 days before the deadline
30-06
Financial Equity above €200,000equity €211,060 ▲21.1%
With a profit in every financial year since 2019, equity grows to €211,060.
2023
22-12
NBB filing Annual accounts 2023 filedPDF
micro format · 40 days before the deadline
23-11
Gazette deed Change of role: Henri DECLOUX, from manager to director
Appointment: Marie-Claire COLLINGS (administratrice substituant) · Legal-form conversion · Capital conversion11 points ▸
  • General meeting, 21-11-2023
  • Legal-form conversion, “société à responsabilité limitée” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Reserve release, “formes et majorités de la modification des statuts, suppression” (deed in French)
  • Amendment of the articles
  • Capital, mentioned 2 times in the deed
  • Director resignation, Henri DECLOUX (manager)
  • Director appointment, Henri DECLOUX (director (not named in the articles))
  • Director appointment, Marie-Claire COLLINGS (administratrice substituant)
  • Director discharge, Henri DECLOUX
  • Registered office clause, “Cinquième résolution, 4650 Herve(Grand-Rechain),rue Sous le Château 10” (deed in French)

Open the act in the Belgian Official Gazette

30-06
Financial Equity above €150,000equity €174,276 ▲22.6%
With a profit in every financial year since 2019, equity grows to €174,276.
04-01
NBB filing Annual accounts 2022 filedPDF
micro format · 27 days before the deadline
2021
27-10
NBB filing Annual accounts 2021 filedPDF
micro format · 96 days before the deadline
30-06
Financial Equity above €100,000equity €110,541 ▲38.1%
With a profit in every financial year since 2019, equity grows to €110,541.
Show earlier events
2020
28-09
NBB filing Annual accounts 2020 filedPDF
micro format · 125 days before the deadline
06-01
NBB filing Annual accounts 2019 filedPDF
micro format · 25 days before the deadline
2019
23-01
NBB filing Annual accounts 2018 filedPDF
micro format · 8 days before the deadline
2017
16-05
Gazette deed IncorporationPDF
3 publications in the Belgian Official Gazette, the last on 16-07-2026
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

Total assets rose from €125,437 in 2019 to €332,592 in 2025.1 In 2026 HD RESOURCES was dissolved and its liquidation closed in a single deed.2

  1. 1National Bank, annual accounts 2019 and 2025
  2. 2Belgian Official Gazette, 16-07-2026

Company details

Inactive

Inactive since July 2026

HD RESOURCES has not been in the KBO register since 15 July 2026.

Status
Inactiveout of the register since 15 July 2026
Last annual accounts
financial year to 30 June 2025
Last registered office
Rue Sous-Le-Chateau 10, 4650 Herveas published on 16 July 2026
Legal form
Private limited company
Active since
12 May 2017
Official KBO record

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Name clauseThe company operates under this name according to its articles.
HD Resources

General meeting and financial year

Financial yearThe company draws up its annual accounts over this twelve-month period.
“TITRE VI. EXERCICE SOCIAL REPARTITION - RESERVES Article 19. Exercice social L'exercice social commence le 1er juillet et finit le 31 juin…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of December at 18:00

Articles of association, deed of 23-11-2023 (in French)

Sites & property

Location
exact location from the address register On OpenStreetMap

Buildings and parcels at the address

Ground area
3,004 m²
Building footprint
237 m²
Building volume
1,268 m³
Cadastral parcel Region Area Buildings Height / floors
63030A0049/00C000 Wallonia 3,004 m² 1 · 237 m² 9.2 m · 2