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HDB Construct

Active Private limited companyfounded 2019active for 7 yearsRooiveldstraat 54, 8020 OostkampKBO/BCE: BE 0735.973.444
HDB Construct
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €24,471 (2023)
€8,102▼ 60.6%
lowest -€1,537 (2025)
-€1,537▼ €9,065
peak €10,476 (2024)
€8,939▼ 14.7%
€15,414▲ 20.9%
Board1 name since 2019
1 directorDE BAETS Heiki Peter
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €20,555 to €8,102Loss of €1,537Equity from €10,476 to €8,939Debts from €12,749 to €15,414

Key points

from the 2025 annual accounts

Turnover

≈ €98,000 estimated

The micro format states no turnover.

Filings

6 annual accounts since 2020
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 3 to 96 days before the end of the period.

Checked score

49
Fair
Financially stronger than 29% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.8% 01-2025: 2.7%▼ -0.1 percentage points vs 12-2024 02-2025: 2.5%▼ -0.2 percentage points vs 01-2025 03-2025: 2.6%▲ +0.1 percentage points vs 02-2025 04-2025: 2.8%▲ +0.2 percentage points vs 03-2025 05-2025: 2.9%▲ +0.1 percentage points vs 04-2025 06-2025: 2.8%▼ -0.1 percentage points vs 05-2025 07-2025: 3.1%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 1.5%▼ -1.6 percentage points vs 07-2025 09-2025: 1.5%● unchanged vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.2%▼ -0.3 percentage points vs 12-2025lowest value 02-2026: 1.3%▲ +0.1 percentage points vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.4%▲ +0.1 percentage points vs 03-2026 05-2026: 1.5%▲ +0.1 percentage points vs 04-2026 06-2026: 1.4%▼ -0.1 percentage points vs 05-2026 07-2026: 1.5%▲ +0.1 percentage points vs 06-2026 08-2026: 3.1%▲ +1.6 percentage points vs 07-2026 09-2026: 3.1%● unchanged vs 08-2026 10-2026: 3.0%▼ -0.1 percentage points vs 09-2026 11-2026: 3.0%● unchanged vs 10-2026

Financial strength
Weak

62-8equity 36.7% of total assets
33-16short-term debt 63.3%
33-67return on assets -6.3%

Score breakdown

raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2019
Liquidity: current ratio 0.93
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, micro). It does better than 44% of them on solvency, 29% on liquidity, 21% on profitability and 22% on growth.

The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).

Comparable companies, two years later

In July 2024, 3,440 companies had the same profile as HDB Construct has now. Each dot stands for 9 companies, two years later.

90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of HDB Construct itself is higher: 3.0% within 12 months. It rests on far more data about HDB Construct than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,440 companies, not a prediction for HDB Construct. 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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Four signals.
raises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Founded in 2019
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 0.93
NBB · annual accounts
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 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
3 days early
2024
17 days early
2023
96 days early
2022
32 days early
2021
33 days early
2020
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 36 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 29 June (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
10-11-2026 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

Board and ownership

DB
DE BAETS Heiki Peter
Director
  • DE BAETS Heiki Peter 50 sharesdeed of 15-10-2019
  • NEYENS Sandy Sabrina Saskia 50 sharesdeed of 15-10-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0735973444
Incorporation Founding capital of €1,000, 100 shares · Founders: DE BAETS Heiki Peter and NEYENS Sandy Sabrina Saskia · Appointment: DE BAETS Heiki Peter (director) · published on 15-10-2019 · Gazette deed
First establishment Rooiveldstraat 54, Oostkamp
All 11 events

Comparable companies

same main activity, similar in size and age
Company
HDB Construct Oostkamp €24,353 €8,102 36.7% -
SBCA Affligem €23,250 €6,958 84.4% -
AITELEC Sint-Pieters-Leeuw €21,787 €8,198 35.7% -
KURIOSA Auderghem €25,575 €7,054 84.2% -
REN GROUP Beveren-Kruibeke-Zwijndrecht €29,244 €9,290 75.5% -
De Woningkoning Lier €19,659 €7,540 51.1% -
De Lange-Verzele Wichelen €24,963 €10,467 79.6% -

These companies have the same main activity as HDB Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €19,700 and €29,200, founded between 2018 and 2020.

Official details

Source: KBO
Status
Active since 11-10-2019Normal situation
Activity
General construction of residential buildingsNACE 41001
Establishment unit
2.295.566.0698020 Oostkamp, since 11-10-2019
Financial year end
31 December
Peppol
Reachable since 29-08-2025
Company details

Annual accounts 2025

€8,102▼ 60.6%
€1,537
€8,939▼ 14.7%
€24,353▲ 4.9%
Filing
Filed on 28-07-2026, 3 days before the end of the filing period
Financials

Insights on HDB Construct

HDB Construct files the micro format. That format states no turnover. The gross margin fell from €20,921 in 2020 to €8,102 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 28-07-2026, 3 days before the deadline
€8,102
▼ 60.6%
€1,077
▼ 87.5%
-€1,537
▼ €9,065
-€1,113
▼ €2,095
36.7%
▼ 8.4 percentage points
0.93
▼ 0.17

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €98,000. Estimated: probably between €51,000 and €180,000.

Balance sheet

balance sheet total €24,353 on 31-12-2025
What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

36.7%

Higher than 43% of 9,456 companies in 2025.

0.93

Higher than 19% of 9,204 companies in 2025.

-6.3%

Higher than 16% of 9,276 companies in 2025.

HDB Construct Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 24,35323,22526,48031,32842,72133,721
21/28 10,05212,41420,66526,77036,83723,906
22/27 10,05212,41420,66526,77036,83723,906
23 3,1964,7443,5582,8093,7491,973
24 4,2111,4977,407383583783
25 2,6466,1739,70023,57832,505-
29/58 14,30110,8115,8154,5585,8849,815
40/41 10,9434,0143,0611,5621,5011,409
40 6,7162,6221,442---
41 4,2271,3921,6191,5621,5011,409
54/58 -3,5827362,1221,8136,127
490/1 3,3583,2162,0198742,5702,279
Balance sheet: equity and liabilities
10/49 24,35323,22526,48031,32842,72133,721
10/15 8,93910,4769,9495,3838,3754,041
10/11 1,0001,0001,0001,0001,0001,000
13 7,9399,4768,9494,3837,3753,041
133 7,9399,4768,9494,3837,3753,041
17/49 15,41412,74916,53125,94534,34629,679
17 -2,9196,65410,21521,36515,992
170/4 -2,9196,65410,21521,36515,992
42/48 15,4149,8309,87815,73012,98113,688
42 2,9193,7343,56111,12511,47812,617
43 6,559-----
430/8 6,559-----
44 2,0576841192,602258278
440/4 2,0576841192,602258278
45 2,8976641,5262,0031,245793
450/3 1,3476641,5264531,245793
454/9 1,550--1,550--
47/48 9824,7474,672---
Income statement
9900 8,10220,55524,47116,81221,92020,921
630 5,91211,00410,29610,0677,0946,404
640/8 1,1149082671,111352236
9901 1,0778,64313,9085,63414,47414,281
75/76B 963830325331479
75 963830325331479
65/66B 2,5875288841,2198941,254
65 2,5875288841,2198941,254
9903 -1,4158,15413,0544,74013,91113,506
67/77 1226271,489-415793
9904 -1,5377,52711,5654,74013,49612,713
9905 -1,5377,52711,5654,74013,49612,713
Appropriation of the result
9906 -1,5377,52711,5654,74013,49612,713
791/2 1,537--2,991--
691/2 -5274,565-4,3343,041
6921 -5274,565-4,3343,041
694/7 -7,0007,0007,7319,1629,672
695 -7,0007,0007,7319,1629,672
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 28-07-2026 2026-00350577 PDF
31-12-2024 micro format 14-07-2025 2025-00277360 PDF
31-12-2023 micro format 26-04-2024 2024-00077779 PDF
31-12-2022 micro format 29-06-2023 2023-00172346 PDF
31-12-2021 micro format 28-06-2022 2022-20158060 PDF
31-12-2020 micro format 25-06-2021 2021-25300276 PDF

Subsidies and aid

Flemish government 2024 to 2025, 2 entries, €260 awarded, €191 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€260
Year Entries AwardedPaid
2025 1 €123€54
2024 1 €137€137

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
6,98819,64724,20315,70121,56820,685
4,37418,53121,86114,80720,59019,117
3,5502,7534,191020,02530,310
-2,846-1,386309-4,314-
-1,113982-4,063-11,172-7,098-3,873
36.7%45.1%37.6%17.2%19.6%12.0%
0.931.100.590.290.450.72
1.721.221.664.824.107.34
-17.2%71.9%116.2%88.0%161.1%314.6%
-6.3%32.4%43.7%15.1%31.6%37.7%
2.7037.2427.3812.8924.13-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,550€2,753€4,191-€20,025
€5,912€11,004€10,296€10,067€7,094

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on HDB Construct

The operating result for 2025 is 88% lower than in 2024 and the lowest since 2020. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 54.9% to 63.3%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, since incorporation
DE BAETS Heiki Peter
Director
appointed by deed of 15-10-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 28-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“TITEL IV. BESTUUR - CONTROLE Artikel 10. Bestuursorgaan De vennootschap wordt bestuurd door één of meer bestuurders, natuurlijke personen of…”
deed of 15-10-2019

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
DE BAETS Heiki Peter
Director
Board
Mandates as a list
  • DE BAETS Heiki Peter
    • Director, appointed by deed of 15-10-2019, still in office

See the board, name and registered office on a given date →

Control

Founders
DE BAETS Heiki Peter, NEYENS Sandy Sabrina Saskia
This company
HDB Construct
Equity €8,939
Loss €1,537 in 2025

Capital

Contribution
€1,000
Shares
100
Contribution per share
€10
Equity per share
€89.39 in 2025
Source
deed of 15-10-2019

Articles of association

deed of 15-10-2019 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Helft overdrager helft koper(s) naar evenredigheid aantal aandelen, elke overdracht onder levenden ten bezwarende of kosteloze titel…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of June at 11:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 15-10-2019 ↗

Network & group

No group

HDB Construct has no parent and no holdings in its annual accounts. DE BAETS Heiki Peter is the only director. HDB Construct shares no director with another company.

Timeline

Timeline

11 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 3 days before the deadline
2025
Weakest financial year net -€1,537 The net result drops to -€1,537, the lowest from 2020 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0735973444
Annual accounts 2024 filed PDFmicro format · 17 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 96 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 32 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 33 days before the deadline
2021
Highest result from 2020 to 2025 net €13,496 ▲6.2% The operating result of €14,474 and the net result of €13,496 are both a record.
Annual accounts 2020 filed PDFmicro format · 36 days before the deadline
2019
IncorporationFounding capital of €1,000, 100 shares · Founders: DE BAETS Heiki Peter and NEYENS Sandy Sabrina Saskia · Appointment: DE BAETS Heiki Peter (director) · published on 15-10-20196 points ▸
  • Founder, DE BAETS Heiki Peter
  • Founder, NEYENS Sandy Sabrina Saskia
  • Founding capital, €1,000, 100 shares
  • Registered office clause, Rooiveldstraat 54A, 8020 Oostkamp
  • Board rule, 1
  • Director appointment, DE BAETS Heiki Peter
  • The deed holds 9 more points.

Open the deed in the Belgian Official Gazette

First establishment Rooiveldstraat 54, Oostkamp

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 11 October 2019, HDB Construct was incorporated as a private limited company by two natural persons, with a starting capital of €1,000.12 DE BAETS Heiki Peter is director of the company, appointed by deed of 15-10-2019.2 Total assets went from €33,721 in 2020 to €24,353 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 15-10-2019
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0735.973.444
VAT number
BE 0735.973.444
Peppol ID
0208:0735973444
Other Peppol ID
9925:BE0735973444
Legal form
Private limited company
Status
Active, normal situation
Founded
11-10-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Monday of June at 11:00
deed of 15-10-2019 (in Dutch)
Peppol
Reachable since 29-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
HDB Construct in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 15-10-2019 (in Dutch)
Name clauseThe company operates under this name according to its articles.
HDB Construct
deed of 15-10-2019 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 15-10-2019 (in Dutch)

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
Codes under NACEBEL 2008
41201 General construction of buildings main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Ontwikkeling van residentiële bouwprojecten; Bouw van individuele huizen volgens de formule "sleutel op de deur"; Bouw van autowegen,straten…”
31 activities
  1. Ontwikkeling van residentiële bouwprojecten
  2. Bouw van individuele huizen volgens de formule "sleutel op de deur"
  3. Bouw van autowegen,straten en andere wegen en paden voor voertuigen en voetgangers
  4. Bouwrijp maken van terreinen
  5. Ruimen van bouwterreinen
  6. Installatie van verlichtings- en signaleringssystemen voor wegen en spoorwegen,in havens en luchthavens(inclusief de installatie van verkeersborden)
  7. Installatie van verwarming,klimaatregeling en ventilatie
  8. Isolatiewerkzaamheden
  9. Installatie van liften en roltrappen
  10. Schrijnwerk
  11. Montage van serres,veranda's enz.in metaal
  12. Plaatsen van tussenwanden van gipsplaten
  13. Plaatsen van vloerbedekking en wandbekleding van hout
  14. Schilderen van metalen constructies
  15. Reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden
  16. Gevelreiniging door middel van zandstralen,met behulp van stoom,enz.
  17. Uitvoeren van metselwerk
  18. Bouwen van funderingen,inclusief heien
  19. Bouwen van schoorstenen en industriële ovens
  20. Uitvoeren van hijs- en hefwerkzaamheden voor rekening van derden
  21. Toezien op de bouwwerkzaamheden(ruwbouw,installatie,afwerking,enz.)
  22. Ingenieurs en aanverwante technische adviseurs,exclusief landmeters
  23. Aanleggen en onderhouden van tuinen,parken en het groene gedeelte van sportvelden
  24. Slopen
  25. Slopen van gebouwen en andere bouwwerken
  26. Plaatsen van vloer- en wandtegels
  27. Overige werkzaamheden in verband met de afwerking van gebouwen,n.e.g
  28. Behandelen van muren met vochtwerende en waterafstotende producten
  29. Uitvoeren van voegwerken
  30. Chapewerken
  31. Vlechten van ijzer en aanbrengen van bekisting
deed of 15-10-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rooiveldstraat 54 registered office 8020 Oostkamp 11-10-2019 2.295.566.069

Buildings and parcels at the address

Ground area
600 m²
Buildings
141 m²
Volume, LiDAR
611 m³
Tallest building
6.3 m
Buildings to scale, each on its own parcel
141 m², 6.3 m 141 m², 6.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
31037A0338/00Z000600 m² 1 · 141 m² 6.3 m · 1

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 0735.973.444

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