HD3
ActiveHD3 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.66M and a net result of €114k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-28
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 2.01 in 2024; short-term debt: 10.1% and cash: 0% of total assets), and 10.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.6%
Return on assets
2.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
29 d late
2023
2 d late
2022
31 d late
2021
23 d late
2020
12 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4.66M▲ 2.5%
2024 · €4.55M
2018: €919k
2019: €1.33M
2020: €1.77M
2021: €2.57M
2022: €3.31M
2023: €3.86M
2024: €4.55M
2018 → 2025
Total assets
€5.21M▲ 0.6%
2024 · €5.18M
2018: €4.07M
2019: €4.11M
2020: €4.42M
2021: €3.96M
2022: €4.24M
2023: €4.74M
2024: €5.18M
2018 → 2025
Net result
€114k▼ 83.3%
2024 · €686k
2018: €279k
2019: €412k
2020: €443k
2021: €798k
2022: €738k
2023: €554k
2024: €686k
2018 → 2025
Working capital
€725k▲ 18.0%
2024 · €614k
2018: €-2.73M
2019: €-1.37M
2020: €-2.13M
2021: €-1.35M
2022: €-619k
2023: €-68k
2024: €614k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.57M-€3.31M▲ 28.7%€3.86M▲ 16.7%€4.55M▲ 17.8%€4.66M▲ 2.5%
Operating result€-9k-€-2k▲ 78.4%€-1k▲ 45.4%€-4k▼ 310%€-1k▲ 74.5%
Net result€798k-€738k▼ 7.6%€554k▼ 25.0%€686k▲ 23.9%€114k▼ 83.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.21M
Fixed assets
€3.95M=
Current assets
€1.25M▲ 2.4%
Equity and liabilities €5.21M
Equity
€4.66M▲ 2.5%
Debt
€543k▼ 13.6%
The debt ratio falls from 12.1% to 10.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
89.6%▲
2024 · 87.9%
Current ratio
2.37▲
2024 · 2.01
Quick ratio
2.37▲
2024 · 2.01
Debt / equity
0.12▼
2024 · 0.14
ROE
2.5%▼
2024 · 15.1%
ROA
2.2%▼
2024 · 13.2%
Debt
€543k▼
2024 · €628k
Debt ≤ 1 year
€529k▼
2024 · €610k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.18M€5.21M▲
Fixed assets21/28€3.95M€3.95M=
Financial fixed assets28€3.95M€3.95M=
Current assets29/58€1.22M€1.25M▲
Amounts receivable within one year40/41€1.20M€1.22M▲
Trade receivables40€0-
Other amounts receivable41€1.20M€1.22M▲
Cash at bank and in hand54/58€196€738▲
Deferred charges and accrued income490/1€26k€31k▲
Equity and liabilities
Total equity and liabilities10/49€5.18M€5.21M▲
Equity10/15€4.55M€4.66M▲
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€794k€794k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€782k€782k=
Profit (loss) carried forward14€3.63M€3.75M▲
Amounts payable17/49€628k€543k▼
Amounts payable within one year42/48€610k€529k▼
Other amounts payable47/48€610k€529k▼
Accrued charges and deferred income492/3€18k€14k▼
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-3k€0▲
Operating profit (loss)9901€-4k€-1k▲
Financial income75/76B€709k€130k▼
Recurring financial income75€709k€130k▼
Financial charges65/66B€19k€15k▼
Recurring financial charges65€19k€15k▼
Profit (loss) for the period before taxes9903€686k€114k▼
Profit (loss) for the period9904€686k€114k▼
Profit (loss) for the period to be appropriated9905€686k€114k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.63M€3.75M▲
Profit (loss) brought forward from the previous period14P€2.95M€3.63M▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €114k ▼83.3%
Net result drops to €114k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 2.01
Current ratio from 0.92 to 2.01; short-term debt falls from €853k to €610k.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €798k ▲80.1%
Net result €798k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.57M ▲45%
4 profitable years in a row build equity to €2.57M.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Equity above €1MEq €1.33M ▲44.8%
2 profitable years in a row build equity to €1.33M.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industriepark 172220 Heist-op-den-BergGround area
1.5 ha
Building footprint
4,827 m²
Volume, LiDAR
36,471 m³
Parcel 12014K0422/00D000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HD3
since 20142.235.841.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0422/00D000 | Flanders | 1.5 ha | 1 · 4,827 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CANAL WHARF
BE 0568.648.048
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TAXANDRIA
BE 0440.519.362
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COGESI
BE 0414.584.730
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PROLOGE MARCHE
BE 0833.100.336
Somme-Leuze · Eq €4.69M
TIBIMMO
BE 0442.076.411
Gent · Eq €4.70M
Of 9,697 companies in sector 68121 we hold annual accounts for 7,381. 1,930 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-10-2014
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
68321Property management for co-owned buildings (syndics)
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.