HDCS
Annual accounts 2025
micro format, filed on 31-01-2026, on the day of the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €540,000. Estimated: probably between €380,000 and €790,000.
Balance sheet
balance sheet total €107,813 on 30-06-2025in euro
in euro
Staff
€27,282
Staff costs divided by the average number of full-time equivalents.
+2 people
In 2025, 14 people joined and 12 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
107,813 | 103,280 | 51,997 | |
20 |
564 | 846 | 1,128 | |
21/28 |
19,857 | 17,482 | 15,477 | |
22/27 |
16,257 | 13,882 | 11,877 | |
23 |
911 | 1,291 | 1,671 | |
24 |
9,711 | 7,739 | 4,864 | |
26 |
5,635 | 4,852 | 5,342 | |
28 |
3,600 | 3,600 | 3,600 | |
29/58 |
87,392 | 84,952 | 35,392 | |
3 |
21,802 | 25,402 | 18,000 | |
30/36 |
21,802 | 25,402 | 18,000 | |
40/41 |
63,393 | 58,674 | 16,723 | |
40 |
26,683 | 23,354 | 10,868 | |
41 |
36,710 | 35,320 | 5,855 | |
54/58 |
2,197 | 361 | 247 | |
490/1 |
- | 515 | 422 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
107,813 | 103,280 | 51,997 | |
10/15 |
24,619 | 23,312 | 20,909 | |
10/11 |
18,000 | 18,000 | 18,000 | |
14 |
6,619 | 5,312 | 2,909 | |
17/49 |
83,194 | 79,968 | 31,088 | |
17 |
3,011 | 5,017 | 2,160 | |
170/4 |
3,011 | 5,017 | 2,160 | |
42/48 |
80,183 | 74,951 | 28,928 | |
42 |
2,005 | 4,070 | 3,994 | |
44 |
18,890 | 10,645 | 10,256 | |
440/4 |
18,890 | 10,645 | 10,256 | |
45 |
42,763 | 25,595 | - | |
450/3 |
1,517 | 694 | - | |
454/9 |
41,246 | 24,901 | - | |
47/48 |
16,525 | 34,641 | 14,678 | |
| Income statement | ||||
9900 |
271,097 | 118,071 | 11,235 | |
62 |
256,449 | 104,015 | - | |
630 |
4,815 | 3,918 | 1,994 | |
631/4 |
3,600 | 3,600 | 4,500 | |
640/8 |
4,460 | 3,881 | 1,815 | |
9901 |
1,773 | 2,657 | 2,926 | |
75/76B |
38 | 539 | 527 | |
75 |
38 | 539 | 527 | |
65/66B |
504 | 793 | 544 | |
65 |
504 | 793 | 544 | |
9903 |
1,307 | 2,403 | 2,909 | |
9904 |
1,307 | 2,403 | 2,909 | |
9905 |
1,307 | 2,403 | 2,909 | |
| Appropriation of the result | ||||
9906 |
6,619 | 5,312 | 2,909 | |
14P |
5,312 | 2,909 | - | |
| Social balance sheet | ||||
9087 |
9.4 | 3.7 | - | |
Hours worked1013 |
11,886 | 4,750 | - | |
| Document | ||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2022 to 2025, 7 entries, €192,821 awarded, €192,821 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €90,126 | €90,126 |
| 2024 | 1 | €71,161 | €71,161 |
| 2023 | 3 | €25,884 | €25,884 |
| 2022 | 1 | €5,650 | €5,650 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 6,588 | 6,575 | 4,920 | ||
| 6,122 | 6,321 | 4,903 | ||
| 6,908 | 5,641 | 17,189 | ||
| 1,836 | 114 | - | ||
| 7,209 | 10,001 | 6,464 | ||
| 22.8% | 22.6% | 40.2% | ||
| 1.09 | 1.13 | 1.22 | ||
| 0.82 | 0.79 | 0.60 | ||
| 3.38 | 3.43 | 1.49 | ||
| 5.3% | 10.3% | 13.9% | ||
| 1.2% | 2.3% | 5.6% | ||
| 13.07 | 8.29 | 9.04 |
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.
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Employees at the balance-sheet date | 11 | 9 |
| full-time | 7 | 7 |
| part-time | 4 | 2 |
| in full-time equivalents | 9 | 8 |
| 9.4 | 3.7 | |
| On a permanent contract | 8 | 8 |
| Joined | 14 | 17 |
| Left | 12 | 8 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 |
|---|---|---|---|
| €8,000 | €8,000 | €8,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 |
|---|---|---|---|
| Tangible fixed assets | €6,908 | €5,641 | €13,589 |
| Financial fixed assets | - | - | €3,600 |
| €4,815 | €3,918 | €1,994 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on HDCS
The operating result for 2025 is 33% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 77.4% to 77.2%. Equity and debt are higher.