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HD Systems

Active
Private limited companyfounded 2008active for 18 yearsAvenue des Biolleux 21, 4800 Verviers, BelgiumKBO/BCE: BE 0895.144.902
Summary

HD Systems has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €45,238. Equity has been growing by about 8.3% per year since 2018. Its solvency ranks better than 35% of 1,030 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 23-01-2008 Normal situation
Activity
General construction of residential buildings NACE 41001and 1 other
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.168.536.948 4800 Verviers, since 01-03-2008
Financial year end
31 December
Peppol
Reachable since 18-06-2025

Board and ownership

Board
  • HDP ArtDirector · since 01-01-2025 · permanent representative PLAITIN Benoît
Shareholders

Financial position

70 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts 2025
Turnover
€36.1m
▼ 7.3%
Profit
€45,238
▼ 98.4%
Equity
€3.8m
▲ 1.2%
Total assets
€16.8m
▼ 9.7%
Employees on 31-12-2025
81
▲ 11.0%
Score breakdownraises risk1 change of registered office in 24 monthsSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFigures for financial year 2025 (filed on 16-07-2026)Founded in 2008Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 37% of medium-sized companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Weak
Solvency 48+3
equity 22.9% of total assets
Liquidity 20=
short-term debt 74.9% · cash 8.6%
Profitability 39-40
return on assets 0.3%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (209 companies, NACE 41, medium-sized)
Last 24 months 12-2024: 0.5% 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.4%▼ -0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -0.2 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.6%▲ +0.2 percentage points vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (1.28 in 2024), below the usual 1.5. Short-term debt is 74.9% and cash 8.6% of total assets. 77.1% of the assets are financed with debt and provisions.
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 41, medium-sized). It does better than 46% of them on solvency, 27% on liquidity, 34% on profitability and 39% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

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

Five signals.
lowers riskraises riskneutral
lowers risk · Figures for financial year 2025 (filed on 16-07-2026)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Founded in 2008
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
15 days early
2023
42 days early
2022
32 days late
2021
5 days early
2020
1 day early
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Result fell in 2025from €2.8m to €45,238 ▼ 98.4% View
  • Positive: Largest employer in Verviers, Construction sectorin the Checked rankings No. 1 View
  • Positive: 7 profitable years in a rowprofit 2025: €45,238 7 years View

Recent changes

  1. · Gazette deed Appointment: 3R, Leboutte & Co SRL (statutory auditor)Permanent representative: RAHIER Samuel
  2. · Gazette deed Resignation: HD GROUP SA (director)Appointment: HDP ART SA (director) · Director discharge: HD GROUP SA
  3. · Gazette deed Change of role: HD GROUP, from manager to directorPermanent representatives: DENOEL Nicolas and PLAITIN Benoît · Reappointment: 3R, Leboutte & C° (statutory auditor) · Director discharge: HD GROUP
All 17 events

Comparable companies

These companies have the same main activity as HD Systems: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €11m and €21m, founded between 1999 and 2010.

CompanyTotal assetsTurnover
HD Systems Verviers€16.8m€36.1m
RENO.ENERGY Liège€20.5m€45.8m
LAURENTY BATIMENTS GEBOUWEN Liège€13.4m€25.5m
PICARD CONSTRUCT Tenneville€10.9m€34.4m
A C H CONSTRUCT Les Bons Villers€12.2m€27.4m
BOUWWERKEN DE RAEDT IVAN Zele€15.9m€29.9m
MAES & COUCKE Dentergem€11.7m€25.0m
Full comparison

Key facts about HD Systems

What is the company number of HD Systems?
The company number of HD Systems is 0895.144.902. The VAT number is the same number with BE in front: BE 0895.144.902.
Where is HD Systems based?
The registered office is at Avenue des Biolleux 21, 4800 Verviers.Company details
What does HD Systems do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of HD Systems?
The legal form of HD Systems is Private limited company (BV).
When was HD Systems founded?
HD Systems was founded on 23-01-2008.
Is HD Systems still active?
Yes, HD Systems is an active enterprise in the KBO register.
How many employees does HD Systems have?
HD Systems had an average of 79.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does HD Systems fall under?
In its 2025 annual accounts, HD Systems states joint committees 124 (Paritair Comité voor het bouwbedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of HD Systems?
The turnover of HD Systems was €36.1m in financial year 2025, according to the filed annual accounts.
Is HD Systems profitable?
In financial year 2025, HD Systems made a profit of €45,238.
Where can I find the annual accounts of HD Systems?
HD Systems filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of HD Systems due?
HD Systems must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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