Checked.be
Active
BE 0640.762.895Private limited company (pre-2019)
HDB 86
Doornpark(BEV) 34 ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium· 10 yrs active
Sector: Manufacture of metal structures and parts of structures
(25110)
Conclusion
HDB 86 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €242k and a net result of €17k. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 2304 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €242k |
| Net result | €17k |
| Better than sector | 71% |
| Active | 10 yrs |
Financial profile
59
/ 100
Mixed profile: strong on stability, weaker on growth.
All 5 axes are computed from data Checked has read.
Health
51
Profitability
34
Solvency
76
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 10 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
51
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€12k
estimate, not credit advice
Score history
38
2018
28
2019
60
2020
100
2021
47
2022
51
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.95 (< 1.0)
-10
Leverage
Debt/equity 0.56 (< 1.0)
+10
Profitability
ROE 7%
+3
Interest coverage
Interest coverage -15.1× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2024 with the NBB · fiscal year 2023 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~16.8%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.1% | 43.5% | |
| Net result | €17k | €11k | |
| Equity | €242k | €73k | |
| Gross operating margin | €-49k | €48k | |
| Total assets | €377k | €197k |
€-64k
+95.1%
18-23
€17k
-
18-23
€22k
-
18-23
€377k
-12.6%
18-23
€242k
+7.4%
18-23
€-7k
-
18-23
8
-
18-23
€3
-99.8%
18-23
€136k
-34.4%
18-23
€136k
-11.8%
18-23
€13k
-26.0%
18-23
0.95
-19.3%
18-23
0.95
-19.3%
18-23
64.1%
+22.9%
18-23
0.56
-38.9%
18-23
6.9%
-
18-23
4.4%
-
18-23
-15.06
+78.1%
18-23
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-64k | €-1.32M | €415k | €576k | €274k |
| Net profit | €17k | €-1.09M | €253k | €-42k | €-6k |
| Cash flow | €22k | €-1.08M | €267k | €24k | €131k |
| Staff costs | - | - | - | - | - |
| Income taxes | €3 | - | €2k | - | €-2k |
| Dividends | - | - | - | - | - |
| Total assets | €377k | €432k | €1.73M | €1.87M | €2.87M |
| Equity | €242k | €225k | €1.31M | €1.03M | €673k |
| Debt | €136k | €207k | €166k | €686k | €2.16M |
| of which ≤ 1y | €136k | €154k | €145k | €537k | €1.13M |
| of which > 1y | - | €13k | €17k | €149k | €973k |
| Working capital | €-7k | €27k | €1.24M | €182k | €-536k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Current ratio | 0.95 | 1.17 | 9.54 | 1.34 | 0.53 |
| Quick ratio | 0.95 | 1.17 | 9.54 | 1.34 | 0.53 |
| Working capital ratio | -1.9% | 6.2% | 71.5% | 9.7% | -18.7% |
| Solvency | 64.1% | 52.1% | 75.6% | 55.0% | 23.4% |
| Debt / equity | 0.56 | 0.92 | 0.13 | 0.14 | 1.45 |
| Long-term debt ratio | - | 0.06 | 0.01 | 0.14 | 1.45 |
| Interest coverage | -15.06 | -68.64 | 20.29 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 4.4% | -251.5% | 14.6% | -2.2% | -0.2% |
| ROE | 6.9% | -482.5% | 19.3% | -4.0% | -1.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2023
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €377k | €432k | €1.73M | €1.87M | €2.87M |
| Fixed assets | 21/28 | €249k | €251k | €348k | €1.16M | €2.28M |
| Tangible fixed assets | 22/27 | €19k | €21k | €58k | €926k | €2.05M |
| Financial fixed assets | 28 | €230k | €230k | €290k | €230k | €231k |
| Current assets | 29/58 | €128k | €180k | €1.39M | €718k | €593k |
| Amounts receivable within one year | 40/41 | €23k | €39k | €1.38M | €705k | €528k |
| Cash & bank | 54/58 | €104k | €136k | €2k | €2k | €25k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €377k | €432k | €1.73M | €1.87M | €2.87M |
| Equity | 10/15 | €242k | €225k | €1.31M | €1.03M | €673k |
| Contributions / capital | 10/11 | €25k | €25k | €25k | - | €25k |
| Reserves | 13 | €217k | €200k | €1.29M | €1.00M | €648k |
| Provisions & deferred taxes | 16 | - | - | €257k | €159k | €32k |
| Amounts payable | 17/49 | €136k | €207k | €166k | €686k | €2.16M |
| Amounts payable after one year | 17 | - | €13k | €17k | €149k | €973k |
| Amounts payable within one year | 42/48 | €136k | €154k | €145k | €537k | €1.13M |
| Trade debts payable within one year | 44 | €136k | €147k | €136k | €393k | €424k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-49k | €56k | €437k | €625k | €302k |
| Operating result | 9901 | €-69k | €-1.32M | €401k | €511k | €136k |
| Financial income | 75 | €164 | €56 | - | €0 | €812 |
| Financial charges | 65 | €4k | €19k | €20k | €27k | €41k |
| Result before taxes | 9903 | €17k | €-1.34M | €380k | €484k | €95k |
| Income taxes | 67/77 | €3 | - | €2k | - | €-2k |
| Net result for the period | 9904 | €17k | €-1.09M | €253k | €352k | €67k |
| Result to be appropriated | 9905 | €17k | €-313k | €-788 | €-42k | €-6k |
Legal Structure
| NACE primary | Manufacture of metal structures and parts of structures(25110) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 09-10-2015 |
| Status | Active |
| Postal code | 9120 |
Establishment units
HDB 86
since 20152.247.118.034
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C1373/00G000 | Flanders | 6,889 m² | 1 · 3,250 m² | 37.5 m · 3 fl. |
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.
Updates
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 200 days late
2022
31-12
Financial
Weakest financial yearnet €-1.09M ▼529%
Net result drops to €-1.09M, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Back to profitnet €253k
Net result €253k after 2 loss-making years.
31-12
Financial
Liquidity times 7current ratio 9.54
Current ratio from 1.34 to 9.54; short-term debt falls from €537k to €145k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.34
Current ratio from 0.53 to 1.34; short-term debt falls from €1.13M to €537k.
31-12
Financial
Equity above €1MEq €1.03M ▲53.1%
Equity rises from €673k to €1.03M.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Manufacture of metal structures and parts of structures25110Wholesale trade46820Wholesale trade46841
Names & trade names
| Legal nameNL | HDB 86 |
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