HDCS
ActiveSummary
The computed 12-month bankruptcy probability of HDCS is 3.9% (moderate). The 2025 annual accounts show equity of €25k and a net result of €1k. Equity is growing by ~8% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-2
Solvency48=
Growth52=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.09 against 1.13 in 2024; short-term debt: 74.4% and cash: 2% of total assets), and 77.2% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
1 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 5.6%
2024 · €23k
2023: €21klowest in 3 years
2024: €23k▲ +11.5% vs 2023
2025: €25k▲ +5.6% vs 2024highest in 3 years
2023 → 2025
Total assets
€108k▲ 4.4%
2024 · €103k
2023: €52klowest in 3 years
2024: €103k▲ +98.6% vs 2023
2025: €108k▲ +4.4% vs 2024highest in 3 years
2023 → 2025
Net result
€1k▼ 45.6%
2024 · €2k
2023: €3khighest in 3 years
2024: €2k▼ -17.4% vs 2023
2025: €1k▼ -45.6% vs 2024lowest in 3 years
2023 → 2025
Working capital
€7k▼ 27.9%
2024 · €10k
2023: €6klowest in 3 years
2024: €10k▲ +54.7% vs 2023highest in 3 years
2025: €7k▼ -27.9% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€21k-€23k▲ 11.5%€25k▲ 5.6%
2023: €21klowest in 3 years
2024: €23k▲ +11.5% vs 2023
2025: €25k▲ +5.6% vs 2024highest in 3 years
Operating result€3k-€3k▼ 9.2%€2k▼ 33.3%
2023: €3khighest in 3 years
2024: €3k▼ -9.2% vs 2023
2025: €2k▼ -33.3% vs 2024lowest in 3 years
Net result€3k-€2k▼ 17.4%€1k▼ 45.6%
2023: €3khighest in 3 years
2024: €2k▼ -17.4% vs 2023
2025: €1k▼ -45.6% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€20k ▲ 13.6%
Current assets
€87k ▲ 2.9%
Equity and liabilities €108k
Equity
€25k ▲ 5.6%
Debt
€83k ▲ 4.0%
Debt's share of the balance-sheet total falls from 77.4% to 77.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7k▲
2024 · €7k
Cash flow
€6k▼
2024 · €6k
Current ratio
1.09▼
2024 · 1.13
Quick ratio
0.82▲
2024 · 0.79
Debt to equity
3.38▼
2024 · 3.43
ROE
5.3%▼
2024 · 10.3%
ROA
1.2%▼
2024 · 2.3%
Interest coverage
13.07▲
2024 · 8.29
Debt ≤ 1 year
€80k▲
2024 · €75k
Debt > 1 year
€3k▼
2024 · €5k
Staff costs
€256k▲
2024 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€103k€108k▲
Formation expenses20€846€564▼
Fixed assets21/28€17k€20k▲
Tangible fixed assets22/27€14k€16k▲
Plant, machinery and equipment23€1k€911▼
Furniture and vehicles24€8k€10k▲
Other tangible fixed assets26€5k€6k▲
Financial fixed assets28€4k€4k=
Current assets29/58€85k€87k▲
Stocks and contracts in progress3€25k€22k▼
Stocks30/36€25k€22k▼
Amounts receivable within one year40/41€59k€63k▲
Trade receivables40€23k€27k▲
Other amounts receivable41€35k€37k▲
Cash at bank and in hand54/58€361€2k▲
Deferred charges and accrued income490/1€515-
Equity and liabilities
Total equity and liabilities10/49€103k€108k▲
Equity10/15€23k€25k▲
Contributions10/11€18k€18k=
Profit (loss) carried forward14€5k€7k▲
Amounts payable17/49€80k€83k▲
Amounts payable after more than one year17€5k€3k▼
Financial debts170/4€5k€3k▼
Amounts payable within one year42/48€75k€80k▲
Current portion of amounts payable after more than one year42€4k€2k▼
Trade debts44€11k€19k▲
Suppliers440/4€11k€19k▲
Taxes, remuneration and social security45€26k€43k▲
Taxes450/3€694€2k▲
Remuneration and social security454/9€25k€41k▲
Other amounts payable47/48€35k€17k▼
Income statement
Code20242025
Remuneration, social security and pensions62€104k€256k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€4k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€118k€271k▲
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€539€38▼
Recurring financial income75€539€38▼
Financial charges65/66B€793€504▼
Recurring financial charges65€793€504▼
Profit (loss) for the period before taxes9903€2k€1k▼
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€7k▲
Profit (loss) brought forward from the previous period14P€3k€5k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €104k | €256k | ▲ 147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | €5k | ▲ 22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5k | €4k | €4k | = |
| Other operating charges640/8 | €2k | €4k | €4k | ▲ 14.9% |
| Gross operating margin9900 | €11k | €118k | €271k | ▲ 130% |
| Operating profit (loss)9901 | €3k | €3k | €2k | ▼ 33.3% |
| Financial income75/76B | €527 | €539 | €38 | ▼ 92.9% |
| Recurring financial income75 | €527 | €539 | €38 | ▼ 92.9% |
| Financial charges65/66B | €544 | €793 | €504 | ▼ 36.4% |
| Recurring financial charges65 | €544 | €793 | €504 | ▼ 36.4% |
| Profit (loss) for the period before taxes9903 | €3k | €2k | €1k | ▼ 45.6% |
| Profit (loss) for the period9904 | €3k | €2k | €1k | ▼ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €3k | €2k | €1k | ▼ 45.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €52k | €103k | €108k | ▲ 4.4% |
| Formation expenses20 | €1k | €846 | €564 | ▼ 33.3% |
| Fixed assets21/28 | €15k | €17k | €20k | ▲ 13.6% |
| Tangible fixed assets22/27 | €12k | €14k | €16k | ▲ 17.1% |
| Plant, machinery and equipment23 | €2k | €1k | €911 | ▼ 29.4% |
| Furniture and vehicles24 | €5k | €8k | €10k | ▲ 25.5% |
| Other tangible fixed assets26 | €5k | €5k | €6k | ▲ 16.1% |
| Financial fixed assets28 | €4k | €4k | €4k | = |
| Current assets29/58 | €35k | €85k | €87k | ▲ 2.9% |
| Stocks and contracts in progress3 | €18k | €25k | €22k | ▼ 14.2% |
| Stocks30/36 | €18k | €25k | €22k | ▼ 14.2% |
| Amounts receivable within one year40/41 | €17k | €59k | €63k | ▲ 8.0% |
| Trade receivables40 | €11k | €23k | €27k | ▲ 14.3% |
| Other amounts receivable41 | €6k | €35k | €37k | ▲ 3.9% |
| Cash at bank and in hand54/58 | €247 | €361 | €2k | ▲ 509% |
| Deferred charges and accrued income490/1 | €422 | €515 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €52k | €103k | €108k | ▲ 4.4% |
| Equity10/15 | €21k | €23k | €25k | ▲ 5.6% |
| Contributions10/11 | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | €3k | €5k | €7k | ▲ 24.6% |
| Amounts payable17/49 | €31k | €80k | €83k | ▲ 4.0% |
| Amounts payable after more than one year17 | €2k | €5k | €3k | ▼ 40.0% |
| Financial debts170/4 | €2k | €5k | €3k | ▼ 40.0% |
| Amounts payable within one year42/48 | €29k | €75k | €80k | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €2k | ▼ 50.7% |
| Trade debts44 | €10k | €11k | €19k | ▲ 77.5% |
| Suppliers440/4 | €10k | €11k | €19k | ▲ 77.5% |
| Taxes, remuneration and social security45 | - | €26k | €43k | ▲ 67.1% |
| Taxes450/3 | - | €694 | €2k | ▲ 119% |
| Remuneration and social security454/9 | - | €25k | €41k | ▲ 65.6% |
| Other amounts payable47/48 | €15k | €35k | €17k | ▼ 52.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €2k | €1k | ▼ 45.6% |
| + Depreciation and write-downs630 | €2k | €4k | €5k | ▲ 22.9% |
| Operating cash flow (approximation) | €5k | €6k | €6k | ▼ 3.1% |
| Investment in fixed assets (approximation) | - | €-6k | €-7k | ▼ 21.4% |
| Change in cash | - | €114 | €2k | ▲ 1,511% |
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
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €1k ▼45.6%
Net result drops to €1k, the lowest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro 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.
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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, Kuurne · 2 establishment units since 2022
Ground area
2,982 m²
Building footprint
516 m²
Volume, LiDAR
2,949 m³
3 parcels, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
2 establishment units
't ertediefje
since 20222.339.691.963
't Ertje
since 20242.369.649.424
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0487/00H000 | Flanders | 2,156 m² | 1 · 250 m² | 9.3 m · 2 fl. |
| 34023B0542/00A002indicative | Flanders | 420 m² | 1 · 134 m² | 8.9 m · 2 fl. |
| 34013A0783/00D000 | Flanders | 406 m² | 1 · 131 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 192,821 EUR awarded · 192,821 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 90,126 EUR | 90,126 EUR |
| 2024 | 1 | 71,161 EUR | 71,161 EUR |
| 2023 | 3 | 25,884 EUR | 25,884 EUR |
| 2022 | 1 | 5,650 EUR | 5,650 EUR |
Schemes
Subsidies voorschoolse kinderopvang
Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Care and welfare
1 service · 0 live'T ertediefje
Identification & contact
Identification
Legal formPrivate limited company
Founded24-06-2022
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.