HD02
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024 filed on 16-12-2025 PDF all 2 filings
2022 to 2024, 2 financial years
The operating result for 2024 is €15,610, against a loss of €6,622 in 2022. Comparable figures for the intervening years are unavailable.
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.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 2,180 companies had the same profile as HD02 has now. Two years later, 4.8% had gone bankrupt and 88.8% were still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HD02 itself is higher: 8.5% within 12 months. It rests on far more data about HD02 than the profile alone.
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 2,180 companies, not a prediction for HD02. 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 | 2022 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €353 | €401 | - |
| Other operating charges640/8 | - | €191 | - |
| Gross operating margin9900 | -€6,269 | €16,202 | - |
| Operating profit (loss)9901 | -€6,622 | €15,610 | - |
| Financial income75/76B | €151 | - | - |
| Recurring financial income75 | €151 | - | - |
| Financial charges65/66B | €29 | €3,222 | - |
| Recurring financial charges65 | €29 | €3,222 | - |
| Profit (loss) for the period before taxes9903 | -€6,500 | €12,388 | - |
| Profit (loss) for the period9904 | -€6,500 | €12,388 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,500 | €12,388 | - |
| Line | 2022 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €21,550 | €47,151 | - |
| Fixed assets21/28 | €851 | €48 | - |
| Tangible fixed assets22/27 | €851 | €48 | - |
| Plant, machinery and equipment23 | €851 | €48 | - |
| Current assets29/58 | €20,700 | €47,102 | - |
| Stocks and contracts in progress3 | - | €9,237 | - |
| Stocks30/36 | - | €9,237 | - |
| Amounts receivable within one year40/41 | €19,482 | €37,826 | - |
| Trade receivables40 | €13,961 | €10,797 | - |
| Other amounts receivable41 | €5,521 | €27,029 | - |
| Cash at bank and in hand54/58 | €1,218 | €39 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €21,550 | €47,151 | - |
| Equity10/15 | -€20,342 | -€11,451 | - |
| Contributions10/11 | €3,000 | €3,000 | - |
| Profit (loss) carried forward14 | -€23,342 | -€14,451 | - |
| Amounts payable17/49 | €41,893 | €58,602 | - |
| Amounts payable within one year42/48 | €41,893 | €58,602 | - |
| Trade debts44 | €13,600 | €4,879 | - |
| Suppliers440/4 | €13,600 | €4,879 | - |
| Taxes, remuneration and social security45 | €3,301 | €28,731 | - |
| Taxes450/3 | €3,301 | €28,731 | - |
| Other amounts payable47/48 | €24,992 | €24,992 | - |
| Line | 2022 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€6,500 | €12,388 | - |
| + Depreciation and write-downs630 | €353 | €401 | - |
| Operating cash flow (approximation) | -€6,147 | €12,789 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.