HDC
ActiveSummary
HDC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €78k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 29% of 199 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-9
Solvency48▼-2
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.31 in 2024; short-term debt: 69.4% and cash: 51.3% of total assets), and 77% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-11-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
10 d early
2023
1 d early
2022
21 d late
2021
33 d late
2020
17 d late
2019
20 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▼ 13.0%
2024 · €95k
Total assets
€359k▼ 4.2%
2024 · €375k
Net result
€78k▼ 6.3%
2024 · €83k
Working capital
€87k▲ 7.3%
2024 · €81k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€83k▲ 41.5%€88k▲ 6.3%€93k▲ 6.2%€133k▲ 42.8%€133k▲ 0.2%
Net result€62k▲ 26.7%€58k▼ 7.2%€77k▲ 32.1%€83k▲ 8.3%€78k▼ 6.3%
Equity€102k▲ 6.2%€87k▼ 14.6%€102k▲ 17.2%€95k▼ 7.0%€83k▼ 13.0%
Total assets€317k▲ 18.9%€305k▼ 3.8%€334k▲ 9.5%€375k▲ 12.4%€359k▼ 4.2%
Debt€215k▲ 26.0%€218k▲ 1.3%€209k▼ 3.8%€258k▲ 23.3%€249k▼ 3.3%
Working capital€74k▲ 25.3%€62k▼ 16.0%€69k▲ 11.1%€81k▲ 16.5%€87k▲ 7.3%
Staff (FTE)0.80.9▲ 12.5%1▲ 11.1%0.8▼ 20.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €359k
Fixed assets
€23k ▼ 36.1%
Current assets
€336k ▼ 0.7%
Equity and liabilities €359k
Equity
€83k ▼ 13.0%
Provisions
€27k ▲ 23.2%
Debt
€249k ▼ 3.3%
Debt's share of the balance-sheet total rises from 68.8% to 69.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€147k▼
2024 · €156k
Cash flow
€91k▼
2024 · €106k
Current ratio
1.35▲
2024 · 1.31
Quick ratio
0.79▲
2024 · 0.78
Debt to equity
3.02▲
2024 · 2.72
ROE
94.0%▲
2024 · 87.3%
ROA
21.6%▼
2024 · 22.1%
Interest coverage
4.13▼
2024 · 5.11
Debt ≤ 1 year
€249k▼
2024 · €258k
Income taxes
€21k▲
2024 · €20k
Staff costs
€19k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €4k | - | - |
| Remuneration, social security and pensions62 | - | €6k | €17k | €27k | €19k | ▼ 29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €16k | €18k | €23k | €13k | ▼ 43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €6k | €-13k | €5k | €173 | ▼ 96.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €22k | €-248 | €5k | ▲ 2,164% |
| Other operating charges640/8 | - | €3k | €1k | €1k | €4k | ▲ 200% |
| Gross operating margin9900 | €124k | €119k | €140k | €189k | €175k | ▼ 7.5% |
| Operating profit (loss)9901 | €83k | €88k | €93k | €133k | €133k | ▲ 0.2% |
| Financial income75/76B | - | €3k | €3k | €558 | €870 | ▲ 55.8% |
| Recurring financial income75 | €7k | €3k | €3k | €558 | €870 | ▲ 55.8% |
| Financial charges65/66B | - | €6k | €5k | €31k | €35k | ▲ 15.9% |
| Recurring financial charges65 | €5k | €6k | €5k | €31k | €35k | ▲ 15.9% |
| Profit (loss) for the period before taxes9903 | €84k | €85k | €91k | €103k | €99k | ▼ 4.2% |
| Income taxes67/77 | €21k | €27k | €14k | €20k | €21k | ▲ 4.5% |
| Profit (loss) for the period9904 | €62k | €58k | €77k | €83k | €78k | ▼ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €62k | €58k | €77k | €83k | €78k | ▼ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €317k | €305k | €334k | €375k | €359k | ▼ 4.2% |
| Fixed assets21/28 | €56k | €41k | €58k | €36k | €23k | ▼ 36.1% |
| Tangible fixed assets22/27 | €56k | €41k | €58k | €36k | €23k | ▼ 36.1% |
| Furniture and vehicles24 | - | €2k | €35k | €27k | €20k | ▼ 28.2% |
| Other tangible fixed assets26 | - | €39k | €24k | €9k | €4k | ▼ 60.3% |
| Financial fixed assets28 | €80 | €80 | €80 | €80 | €80 | = |
| Current assets29/58 | €261k | €264k | €275k | €339k | €336k | ▼ 0.7% |
| Stocks and contracts in progress3 | €106k | €111k | €133k | €138k | €140k | ▲ 1.1% |
| Stocks30/36 | - | €111k | €133k | €138k | €140k | ▲ 1.1% |
| Amounts receivable within one year40/41 | €3k | €1k | €5 | €7k | €1k | ▼ 81.8% |
| Trade receivables40 | - | €1k | - | €7k | €1k | ▼ 81.8% |
| Other amounts receivable41 | - | - | €5 | - | - | - |
| Cash at bank and in hand54/58 | €148k | €151k | €141k | €182k | €184k | ▲ 1.5% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €11k | €11k | ▼ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €317k | €305k | €334k | €375k | €359k | ▼ 4.2% |
| Equity10/15 | €102k | €87k | €102k | €95k | €83k | ▼ 13.0% |
| Contributions10/11 | - | €23k | €23k | €23k | €23k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €73k | €61k | €77k | €70k | €58k | ▼ 17.5% |
| Investment grants15 | - | €2k | - | - | - | - |
| Provisions and deferred taxes16 | - | - | €22k | €22k | €27k | ▲ 23.2% |
| Provisions for liabilities and charges160/5 | - | - | €22k | €22k | €27k | ▲ 23.2% |
| Environmental obligations163 | - | - | €22k | €22k | €27k | ▲ 23.2% |
| Amounts payable17/49 | €215k | €218k | €209k | €258k | €249k | ▼ 3.3% |
| Amounts payable after more than one year17 | €28k | €16k | €3k | - | - | - |
| Financial debts170/4 | - | €16k | €3k | - | - | - |
| Amounts payable within one year42/48 | €186k | €202k | €206k | €258k | €249k | ▼ 3.3% |
| Current portion of amounts payable after more than one year42 | - | €12k | €13k | €53k | - | - |
| Trade debts44 | €94k | €64k | €81k | €65k | €84k | ▲ 29.3% |
| Suppliers440/4 | - | €64k | €81k | €65k | €84k | ▲ 29.3% |
| Taxes, remuneration and social security45 | - | €55k | €51k | €49k | €36k | ▼ 26.9% |
| Taxes450/3 | - | €55k | €48k | €44k | €35k | ▼ 18.9% |
| Remuneration and social security454/9 | - | €295 | €3k | €5k | €216 | ▼ 95.7% |
| Other amounts payable47/48 | - | €70k | €61k | €91k | €130k | ▲ 42.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €58k | €77k | €83k | €78k | ▼ 6.3% |
| + Depreciation and write-downs630 | €21k | €16k | €18k | €23k | €13k | ▼ 43.6% |
| Operating cash flow (approximation) | €83k | €74k | €95k | €106k | €91k | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | €-950 | €-36k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €2k | €-10k | €41k | €3k | ▼ 93.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2024
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €83k ▲8.3%
Net result €83k, the highest in the series.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €100kEq €102k ▲17.2%
5 profitable years in a row build equity to €102k.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2021
03-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
31-03
Financial
Equity above €100kEq €102k ▲6.2%
3 profitable years in a row build equity to €102k.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 2015
Ground area
2,020 m²
Building footprint
60 m²
Volume, LiDAR
783 m³
Parcel 21808H1887/00A000, Brussels · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Herard'S
since 20152.240.891.921
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1887/00A000 | Brussels | 2,020 m² | 1 · 60 m² | 18.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
2549002ZA5CEQGUZ2Q59
Similar companies · same sector, comparable size
MARBRERIE GOWIE
BE 0880.342.009
Quiévrain · Eq €82k
INSPECTRON
BE 0685.513.153
Elsene · Eq €84k
STONE ART
BE 0477.538.225
Herzele · Eq €85k
Infrared Research & Development
BE 0600.859.372
Braives · Eq €86k
W.N.B.
BE 0451.200.646
Wingene · Eq €80k
Of 428 companies in sector 26700 we hold annual accounts for 341. 265 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-03-2015
Fiscal year end31-03
Activities, NACEBEL 2025
26700Manufacture of computer, electronic and optical products
47742Retail sale of prescription glasses, lenses and sunglasses
Scores and ratios are computed by Checked and are not a credit decision.