HD Square Engineering
ActiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
HD Square Engineering has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €253,335 and a net result of €29,592. Equity has been stable since 2018 (±2.1% per year). Its solvency ranks better than 31% of 79 sector peers (NACE 71, financial year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 23-05-2003 Normal situation
- Legal form
- Private limited company
- Registered office
- Chemin de Mons à Gand(DA) 251, 7864 Lessines
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 1 other
- Establishment unit
- 2.132.360.502 7864 Lessines, since 23-06-2003
- Financial year end
- 31 March
- Peppol
- Reachable since 12-09-2025
Board and ownership
- DEMEESTERE Hans Kamiel WillemDirector
- DEPREITERE Hans Emile CharlesDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €448,752
- ▼ 11.7%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €29,592
- ▼ 44.2%
- Equity
- €253,335
- ▼ 4.7%
- Total assets
- €705,777
- ▲ 5.8%
- Staff
- 4.8 FTE
- ▲ 4.3%
Score breakdownlowers riskLiquidity: current ratio 1.44, cash €195,377Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Figures for financial year 2026 (filed on 29-10-2026)Founded in 2003Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 71, micro). It does better than 35% of them on solvency, 43% on liquidity, 38% on profitability and 32% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2026, abbreviated format
Annual accounts 2026
- Financial year ended
- 31-03-2026
- Filed on
- 29-10-2026
- Format
- abbreviated format
- Reference
- 2026-00594345
2021 to 2026, 5 financial years 2018 to 2026, 8 financial years
The operating result for 2026 is 45% lower than in 2025.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Companies with the same profile, two years later
Historical observationIn July 2024, 17,041 companies had the same profile as HD Square Engineering has now. Two years later, 0.5% had gone bankrupt and 94.4% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HD Square Engineering itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,041 companies, not a prediction for HD Square Engineering. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €200 | €738 | - | €1,500 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €333,992 | €297,420 | €341,449 | €387,533 | €365,885 | ▼ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,464 | €40,511 | €35,490 | €33,187 | €27,099 | €27,252 | €25,554 | €27,748 | ▲ 8.6% |
| Other operating charges640/8 | - | - | - | €5,330 | €5,184 | €6,868 | €7,961 | €6,922 | ▼ 13.0% |
| Non-recurring operating charges66A | - | - | - | - | - | €637 | - | - | - |
| Gross operating margin9900 | €530,188 | €342,179 | €292,893 | €373,127 | €324,763 | €372,191 | €507,976 | €448,752 | ▼ 11.7% |
| Operating profit (loss)9901 | €198,527 | €30,850 | €775 | €618 | -€4,940 | -€4,014 | €86,927 | €48,197 | ▼ 44.6% |
| Financial income75/76B | - | - | - | €100 | €12 | €403 | €445 | €2,179 | ▲ 389% |
| Recurring financial income75 | €0 | €0 | €87 | €100 | €12 | €403 | €445 | €2,179 | ▲ 389% |
| Financial charges65/66B | - | - | - | €5,852 | €3,108 | €2,377 | €2,479 | €2,010 | ▼ 18.9% |
| Recurring financial charges65 | €10,726 | €8,960 | €5,514 | €5,852 | €3,108 | €2,377 | €2,479 | €2,010 | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €187,802 | €21,890 | -€4,653 | -€5,134 | -€8,037 | -€5,988 | €84,894 | €48,366 | ▼ 43.0% |
| Income taxes67/77 | €70,671 | €10,547 | -€3,836 | €2,522 | €1,687 | €2,441 | €31,819 | €18,774 | ▼ 41.0% |
| Profit (loss) for the period9904 | €117,131 | €11,343 | -€817 | -€7,655 | -€9,724 | -€8,429 | €53,075 | €29,592 | ▼ 44.2% |
| Profit (loss) for the period to be appropriated9905 | €117,131 | €11,343 | -€817 | -€7,655 | -€9,724 | -€8,429 | €53,075 | €29,592 | ▼ 44.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €812,150 | €650,234 | €543,063 | €542,460 | €491,699 | €473,283 | €667,270 | €705,777 | ▲ 5.8% |
| Fixed assets21/28 | €234,442 | €231,553 | €199,059 | €182,805 | €141,144 | €170,553 | €170,684 | €153,141 | ▼ 10.3% |
| Tangible fixed assets22/27 | €233,409 | €230,521 | €198,026 | €181,773 | €140,111 | €169,520 | €169,651 | €152,108 | ▼ 10.3% |
| Land and buildings22 | - | - | - | €155,920 | €135,562 | €117,775 | €126,254 | €112,827 | ▼ 10.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €2,229 | €8,200 | ▲ 268% |
| Furniture and vehicles24 | - | - | - | €25,852 | €4,549 | €51,745 | €41,169 | €31,080 | ▼ 24.5% |
| Financial fixed assets28 | €1,033 | €1,033 | €1,033 | €1,033 | €1,033 | €1,033 | €1,033 | €1,033 | = |
| Current assets29/58 | €577,709 | €418,680 | €344,004 | €359,655 | €350,555 | €302,730 | €496,586 | €552,637 | ▲ 11.3% |
| Stocks and contracts in progress3 | - | - | - | - | €49,890 | €20,017 | €5,017 | €6,108 | ▲ 21.7% |
| Stocks30/36 | - | - | - | - | €49,890 | €20,017 | €5,017 | €6,108 | ▲ 21.7% |
| Amounts receivable within one year40/41 | €216,846 | €165,569 | €144,605 | €144,248 | €184,209 | €190,049 | €138,330 | €344,269 | ▲ 149% |
| Trade receivables40 | - | - | - | €142,295 | €177,108 | €182,046 | €117,344 | €329,345 | ▲ 181% |
| Other amounts receivable41 | - | - | - | €1,953 | €7,101 | €8,003 | €20,986 | €14,924 | ▼ 28.9% |
| Cash at bank and in hand54/58 | €340,315 | €229,126 | €192,084 | €207,973 | €110,405 | €85,362 | €346,857 | €195,377 | ▼ 43.7% |
| Deferred charges and accrued income490/1 | - | - | - | €7,434 | €6,051 | €7,302 | €6,382 | €6,883 | ▲ 7.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €812,150 | €650,234 | €543,063 | €542,460 | €491,699 | €473,283 | €667,270 | €705,777 | ▲ 5.8% |
| Equity10/15 | €368,552 | €281,504 | €280,687 | €273,032 | €263,308 | €254,879 | €265,849 | €253,335 | ▼ 4.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €346,242 | €247,851 | €247,851 | €247,851 | €247,851 | €247,851 | €253,449 | €240,935 | ▼ 4.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €245,991 | €245,991 | €247,851 | €253,449 | €240,935 | ▼ 4.9% |
| Profit (loss) carried forward14 | €9,910 | €21,253 | €20,436 | €12,781 | €3,057 | -€5,372 | - | - | - |
| Amounts payable17/49 | €443,598 | €368,730 | €262,376 | €269,428 | €228,391 | €218,404 | €401,421 | €452,442 | ▲ 12.7% |
| Amounts payable after more than one year17 | €114,609 | €80,985 | €53,690 | €37,045 | €6,467 | €16,245 | €25,736 | €16,186 | ▼ 37.1% |
| Financial debts170/4 | - | - | - | €37,045 | €6,467 | €16,245 | €25,736 | €16,186 | ▼ 37.1% |
| Amounts payable within one year42/48 | €326,765 | €287,745 | €208,687 | €232,383 | €220,124 | €200,118 | €373,645 | €383,216 | ▲ 2.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €27,361 | €26,329 | €5,998 | €9,128 | €9,549 | ▲ 4.6% |
| Financial debts43 | - | - | - | €4,201 | €4,250 | €4,311 | €1,086 | - | - |
| Credit institutions430/8 | - | - | - | €4,201 | €4,250 | €4,311 | €1,086 | - | - |
| Trade debts44 | €236,206 | €101,682 | €103,318 | €132,103 | €127,278 | €159,278 | €194,207 | €275,321 | ▲ 41.8% |
| Suppliers440/4 | - | - | - | €132,103 | €127,278 | €159,278 | €194,207 | €275,321 | ▲ 41.8% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €36,093 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €61,150 | €54,699 | €26,595 | €84,014 | €49,228 | ▼ 41.4% |
| Taxes450/3 | - | - | - | €4,583 | €4,562 | €4,395 | €33,726 | €2,008 | ▼ 94.0% |
| Remuneration and social security454/9 | - | - | - | €56,567 | €50,137 | €22,201 | €50,288 | €47,220 | ▼ 6.1% |
| Other amounts payable47/48 | - | - | - | €7,568 | €7,568 | €3,937 | €49,117 | €49,117 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,800 | €2,040 | €2,040 | €53,040 | ▲ 26× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €117,131 | €11,343 | -€817 | -€7,655 | -€9,724 | -€8,429 | €53,075 | €29,592 | ▼ 44.2% |
| + Depreciation and write-downs630 | €42,464 | €40,511 | €35,490 | €33,187 | €27,099 | €27,252 | €25,554 | €27,748 | ▲ 8.6% |
| Operating cash flow (approximation) | €159,596 | €51,854 | €34,673 | €25,532 | €17,375 | €18,823 | €78,629 | €57,340 | ▼ 27.1% |
| Investment in fixed assets (approximation) | - | -€37,623 | -€2,995 | -€16,934 | €14,562 | - | -€25,685 | -€10,205 | ▲ 60.3% |
| Change in cash | - | -€111,190 | -€37,042 | €15,889 | -€97,568 | - | €261,495 | -€151,480 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 29-10-2026 | 2026-00594345 | NBB |
| 31-03-2025 | full format | 30-10-2025 | 2025-00554009 | |
| 31-03-2024 | full format | 31-10-2024 | 2024-00522294 | |
| 31-12-2022 | full format | 31-08-2023 | 2023-00395647 | |
| 31-12-2021 | full format | 05-07-2022 | 2022-20133439 | |
| 31-12-2020 | full format | 24-07-2021 | 2021-39900408 | |
| 31-12-2019 | full format | 30-09-2020 | 2020-58000281 | |
| 31-12-2018 | full format | 27-08-2019 | 2019-52700013 | |
| 31-12-2017 | full format | 27-06-2018 | 2018-25100570 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-56300132 |
Comparable companies
These companies have the same main activity as HD Square Engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €554,000 and €1.1m, founded between 1998 and 2005.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| HD Square Engineering Lessines | 2003 | €0.7m | €0.3m | €0.4m | €0.03m | 4.8 | 2026 |
| G.E.I. GENIE CIVIL Ottignies-Louvain-la-Neuve | 2004 | €0.6m | €0.04m | €0.4m | €0.02m | 4.3 | 2025 |
| CERTUM ENGINEERING Dilsen-Stokkem | 2005 | €0.8m | €0.1m | €0.5m | €0.04m | 5.9 | 2025 |
| BUREAU DE TRAVAUX ET D'ETUDES EN ENVIRONNEMENT Frasnes-lez-Anvaing | 2001 | €1.1m | -€0.1m | €0.4m | -€0.06m | 5.8 | 2025 |
| ACIC Mons | 2003 | €1.1m | -€0.7m | €0.4m | -€0.3m | 6.8 | 2025 |
| BM ENGINEERING TECON Antwerpen | 2004 | €0.6m | €0.04m | €0.4m | €0.005m | 4.1 | 2025 |
| ENMO SERVICES Vosselaar | 1998 | €0.7m | €0.05m | €0.4m | €0.04m | 4 | 2025 |
They were chosen from the 6,768 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DEMEESTERE Hans Kamiel Willem |
|
| DEPREITERE Hans Emile Charles |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 13. Pouvoir de représentation Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit…”
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration”
- Power of attorneyA power of attorney lets someone perform specific acts on the company's behalf.
- One provision in the deed
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Dissolution, en tout temps”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Pour quelque cause et à quelque moment que ce soit, liquidateurs”
Articles of association, deed of 28-12-2023
Owners and capital
Capital transactions
- 28-12-2023 Capital stated in the deed · 100 shares
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- 2 provisions in the deed
Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 28-12-2023 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from the directors of HD Square Engineering. Every other company they run is a node.
History
Acts, filings and financial milestones
28-12
Gazette deed
Resignations: DEMEESTERE Hans Kamiel Willem (manager) and DEPREITERE Hans Emile Charles (manager)Reappointments: DEMEESTERE Hans Kamiel Willem (director) and DEPREITERE Hans Emile Charles (director) · Registered office clause · Power of attorney14 points ▸
- General meeting, “assemblée générale extraordinaire des associés” (deed in Dutch)
- Director resignation, DEMEESTERE Hans Kamiel Willem (manager)
- Director resignation, DEPREITERE Hans Emile Charles (manager)
- Director reappointment, DEMEESTERE Hans Kamiel Willem (director (not named in the articles))
- Director reappointment, DEPREITERE Hans Emile Charles (director (not named in the articles))
- Registered office clause, “7864 Lessines (Deux-Acren), Chemin de Mons à Gand 251, Sixième résolution” (deed in Dutch)
- Power of attorney, Mickaël VELTMANS
- Power of attorney
- Other provision, “adoption décisions et clôture, unanimité des voix” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “de plein droit”, EUR (deed in Dutch)
- Other provision, “fonds disponibles pour distribution, suppression compte de capitaux propres statutairement indisponible” (deed in Dutch)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20254 activities
- Conception et commerce de machines et installations industrielles et domestiques
- Conception et commerce de composants électroniques,électriques,mécaniques,électromécaniques,pneumatiques et hydrauliques pour machines et installations industrielles et domestiques
- Conception et commerce de logiciels pour machines et installations industrielles et domestiques
- Prestation de services et de conseils (consulting) relatifs aux machines et installations industrielles et domestiques
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0480.295.203
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55007D0009/00R003 | Wallonia | 5,851 m² | 1 · 168 m² | 10.8 m · 2 |