Turnover
≈ €28,000 estimated
The micro format states no turnover.
HDC-AZG
Lifetime
5 annual accounts with figures on one time axispeak €49,211 (2023)
€6,026▼ 85.9%
lowest -€25,411 (2025)
-€25,411▼ €41,231
peak €45,925 (2024)
€20,514▼ 55.3%
€26,062▲ 74.0%
Board1 name since 2021
1 directorEL HADOUCHI Jawade
Documentsfilings and deeds
12-08-202612 days late
2025micro format
Gross margin from €42,794 to €6,026Loss of €25,411Equity from €45,925 to €20,514Debts from €14,976 to €26,062Cash from €36,989 to €3,096
Key points
from the 2025 annual accountsLiquidity
1.62 was 3.37 in 2024
Short-term debts rose from €14,976 to €26,062.
Filings
5 annual accounts 4 late
The 2024 accounts came latest: 29 days after the end of the period.
Starting capital
€10,000 100 shares
At the same address
209 companies
Position in the sector
-€25,411
Lower net result than 94% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Checked score
53
Fair
Financially stronger than 17% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €25,411 (financial year 2025)
Liquidity: current ratio 1.62, cash €3,096, halved
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €46,576
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 70, micro). It does better than 41% of them on solvency, 13% on liquidity, 4% on profitability and 12% 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 very low class on 30-06-2025, 0.1% 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, 3,591 companies had the same profile as HDC-AZG has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HDC-AZG itself is lower: 0.3% within 12 months. It rests on far more data about HDC-AZG 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.
| 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 3,591 companies, not a prediction for HDC-AZG. 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 verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.62 (3.37 in 2024), above the usual 1.5. Short-term debt is 56% and cash 6.6% of total assets. However, 56% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 12 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
12 days late
2024
29 days late
2023
27 days late
2022
38 days early
2021
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 7 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 12 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0762916084
Registered office moved from Zaventem to Tienen
New registered office: Leuvensestraat 131 Bus 2, 3300 Tienen · Previous registered office: Imperiastraat 8, 1930 Zaventem · General meeting of 30-06-2024 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founder: EL HADOUCHI Jawade · Appointment: EL HADOUCHI Jawade (director) · published on 08-02-2021 · Gazette deed
First establishment
Kerkveld 2c, Machelen (Brab.)
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HDC-AZG Tienen | €46,576 | €6,026 | 44.0% | - |
| EDAL CONSULTING Hoeilaart | €54,723 | €5,467 | 83.5% | - |
| LNZ Wezembeek-Oppem | €48,127 | €5,516 | 62.2% | - |
| Witty Digital & Marketing Vilvoorde | €43,629 | €4,948 | 33.3% | - |
| SBE Coaching Yvoir | €51,031 | €5,855 | 34.8% | - |
| LORIS Wanze | €49,589 | €6,092 | 75.8% | - |
| H3 Care Solutions Ghent | €54,235 | €5,961 | 9.8% | - |
These companies have the same main activity as HDC-AZG: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €43,600 and €54,700, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 04-02-2021Normal situation
- Registered office
- 211 active companies are registered at this address68 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.315.609.1401831 Machelen (Brab.), since 04-02-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 20-04-2026
Insights on HDC-AZG
HDC-AZG files the micro format. That format states no turnover. The gross margin fell from €7,503 in 2021 to €6,026 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HDC-AZG
- What is the company number of HDC-AZG?
- The company number of HDC-AZG is 0762.916.084. The VAT number is the same number with BE in front: BE 0762.916.084.
- Where is HDC-AZG based?
- The registered office is at Leuvensestraat 131, 3300 Tienen.Company details
- What does HDC-AZG do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of HDC-AZG?
- HDC-AZG is a private limited company (BV).
- When was HDC-AZG founded?
- HDC-AZG was founded on 04-02-2021.
- Is HDC-AZG still active?
- Yes, HDC-AZG is an active enterprise in the KBO register.
- How many employees does HDC-AZG have?
- HDC-AZG had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of HDC-AZG?
- The turnover in financial year 2025 is ≈ €28,000. This figure is estimated from the gross margin of €6,026 and 206 comparable companies (NACE 70200). It probably lies between €13,000 and €56,000. It is a rough estimate.
- Is HDC-AZG profitable?
- In financial year 2025, HDC-AZG made a loss of €25,411.
- Where can I find the annual accounts of HDC-AZG?
- HDC-AZG filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HDC-AZG due?
- HDC-AZG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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