HDécoupe
ActiveSummary
The computed 12-month bankruptcy probability of HDécoupe is 3.1% (moderate). The annual accounts of HDécoupe for fiscal year 2024 show a net loss of 95% of the equity at the start of that year. The 2024 annual accounts show equity of €208 and a net result of -€9,019. Equity is shrinking by ~55.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 36386 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability41▲+13
Solvency25▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.46 against 0.52 in 2023; short-term debt: 9.8% and cash: 0.6% of total assets), and 100% of the assets are financed with debt.
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Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0%
Return on assets
-1.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€9,019
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36386 sector peers (2024).
NBB · sector comparisonPosition among 36386 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
147 d early
2022
63 d early
2021
70 d early
2020
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#7 company by total assets in Léglise, Construction sector
Equity
€208▼ 97.8%
2023 · €9,530
Total assets
€535,336▼ 7.9%
2023 · €581,147
Net result
-€9,019▲ 72.8%
2023 · -€33,187
Working capital
-€28,215▼ 2.5%
2023 · -€27,530
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€4,877-€28,549€11,915▼ 58.3%-€16,666€8,742
Net result-€8,279below the sector's middle half-€23,800within the sector's middle half€7,849within the sector's middle half▼ 67.0%-€33,187below the sector's middle half-€9,019below the sector's middle half▲ 72.8%
Equity€10,271below the sector's middle half-€34,070within the sector's middle half▲ 232%€41,919within the sector's middle half▲ 23.0%€9,530below the sector's middle half▼ 77.3%€208below the sector's middle half▼ 97.8%
Total assets€132,419within the sector's middle half-€154,634within the sector's middle half▲ 16.8%€216,973within the sector's middle half▲ 40.3%€581,147above the sector's middle half▲ 168%€535,336above the sector's middle half▼ 7.9%
Debt€122,148-€120,564▼ 1.3%€175,054▲ 45.2%€571,617▲ 227%€535,128▼ 6.4%
Working capital€2,708below the sector's middle half-€21,770within the sector's middle half▲ 704%€51,780within the sector's middle half▲ 138%-€27,530below the sector's middle half-€28,215below the sector's middle half▼ 2.5%
Solvency7.8%below the sector's middle half-22.0%within the sector's middle half▲ 14.3pp19.3%below the sector's middle half▼ 2.7pp1.6%below the sector's middle half▼ 17.7pp0.0%below the sector's middle half▼ 1.6pp
Current ratio1.13within the sector's middle half-2.12within the sector's middle half▲ 0.982.25within the sector's middle half▲ 0.140.52below the sector's middle half▼ 1.730.46below the sector's middle half▼ 0.06
Return on assets (ROA)-6.3%below the sector's middle half-15.4%within the sector's middle half▲ 21.6pp3.6%within the sector's middle half▼ 11.8pp-5.7%below the sector's middle half▼ 9.3pp-1.7%below the sector's middle half▲ 4.0pp
Staff (FTE)0.31▲ 233%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €8,742 after a loss of €16,666 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €535,336
Fixed assets
€510,903 ▼ 7.3%
Current assets
€24,433 ▼ 17.8%
Equity and liabilities €535,336
Equity
€208 ▼ 97.8%
Debt
€535,128 ▼ 6.4%
Debt's share of the balance-sheet total rises from 98.4% to 100.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€52,864▲
2023 · €34,580
Cash flow
€35,103▲
2023 · €18,059
Quick ratio
0.45▼
2023 · 0.52
Interest coverage
2.89▲
2023 · 2.01
Debt ≤ 1 year
€52,649▼
2023 · €57,271
Debt > 1 year
€481,079▼
2023 · €512,915
Staff costs
€12,788▲
2023 · €3,925
Equity ratios withheld: equity of €208 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 849 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €183 | -€43 | €3,925 | €12,788 | ▲ 226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,165 | €18,616 | €21,066 | €51,247 | €44,122 | ▼ 13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €526 | - |
| Other operating charges640/8 | - | €766 | €1,723 | €5,693 | €6,137 | ▲ 7.8% |
| Gross operating margin9900 | €12,487 | €48,114 | €34,662 | €44,198 | €72,314 | ▲ 63.6% |
| Operating profit (loss)9901 | -€4,877 | €28,549 | €11,915 | -€16,666 | €8,742 | ▲ 152% |
| Financial income75/76B | - | €8 | €0 | €0 | €202 | ▲ 67,123% |
| Recurring financial income75 | €6 | €8 | €0 | €0 | €202 | ▲ 67,123% |
| Financial charges65/66B | - | €3,205 | €3,281 | €17,223 | €18,265 | ▲ 6.0% |
| Recurring financial charges65 | €3,407 | €3,205 | €3,281 | €17,223 | €18,265 | ▲ 6.0% |
| Profit (loss) for the period before taxes9903 | -€8,279 | €25,352 | €8,634 | -€33,890 | -€9,322 | ▲ 72.5% |
| Transfer from deferred taxes780 | - | - | - | €703 | €303 | ▼ 56.9% |
| Income taxes67/77 | - | €1,552 | €785 | - | - | - |
| Profit (loss) for the period9904 | -€8,279 | €23,800 | €7,849 | -€33,187 | -€9,019 | ▲ 72.8% |
| Profit (loss) for the period to be appropriated9905 | -€8,279 | €23,800 | €7,849 | -€33,187 | -€9,019 | ▲ 72.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €132,419 | €154,634 | €216,973 | €581,147 | €535,336 | ▼ 7.9% |
| Fixed assets21/28 | €109,526 | €113,355 | €123,907 | €551,405 | €510,903 | ▼ 7.3% |
| Tangible fixed assets22/27 | €109,483 | €113,312 | €123,907 | €551,200 | €510,698 | ▼ 7.3% |
| Land and buildings22 | - | - | €1,747 | €444,922 | €424,526 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | €7,872 | €5,521 | €11,131 | €11,339 | ▲ 1.9% |
| Furniture and vehicles24 | - | €31,035 | €22,122 | €12,721 | €4,495 | ▼ 64.7% |
| Leasing and similar rights25 | - | €73,837 | €94,128 | €82,219 | €70,309 | ▼ 14.5% |
| Other tangible fixed assets26 | - | €569 | €389 | €209 | €29 | ▼ 86.3% |
| Financial fixed assets28 | €43 | €43 | - | €205 | €205 | = |
| Current assets29/58 | €22,893 | €41,279 | €93,066 | €29,741 | €24,433 | ▼ 17.8% |
| Stocks and contracts in progress3 | - | - | - | - | €1,000 | - |
| Stocks30/36 | - | - | - | - | €1,000 | - |
| Amounts receivable within one year40/41 | €14,033 | €21,677 | €47,054 | €12,496 | €17,155 | ▲ 37.3% |
| Trade receivables40 | - | €19,443 | €44,828 | €12,496 | €16,570 | ▲ 32.6% |
| Other amounts receivable41 | - | €2,234 | €2,226 | - | €584 | - |
| Cash at bank and in hand54/58 | €7,058 | €16,385 | €45,202 | €16,836 | €3,354 | ▼ 80.1% |
| Deferred charges and accrued income490/1 | - | €3,217 | €809 | €409 | €2,925 | ▲ 614% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €132,419 | €154,634 | €216,973 | €581,147 | €535,336 | ▼ 7.9% |
| Equity10/15 | €10,271 | €34,070 | €41,919 | €9,530 | €208 | ▼ 97.8% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | - | €15,520 | €23,369 | €23,369 | €23,369 | = |
| Distributable reserves133 | - | €15,520 | €23,369 | €23,369 | €23,369 | = |
| Profit (loss) carried forward14 | -€8,279 | - | - | -€33,187 | -€42,206 | ▼ 27.2% |
| Investment grants15 | - | - | - | €797 | €495 | ▼ 38.0% |
| Amounts payable17/49 | €122,148 | €120,564 | €175,054 | €571,617 | €535,128 | ▼ 6.4% |
| Amounts payable after more than one year17 | €100,713 | €99,805 | €132,393 | €512,915 | €481,079 | ▼ 6.2% |
| Financial debts170/4 | - | €99,805 | €132,393 | €512,915 | €481,079 | ▼ 6.2% |
| Amounts payable within one year42/48 | €20,185 | €19,509 | €41,286 | €57,271 | €52,649 | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | - | €17,368 | €21,130 | €42,838 | €32,249 | ▼ 24.7% |
| Financial debts43 | - | - | - | - | €2,361 | - |
| Credit institutions430/8 | - | - | - | - | €2,361 | - |
| Trade debts44 | - | - | €18,293 | €3,288 | €12,116 | ▲ 268% |
| Suppliers440/4 | - | - | €18,293 | €3,288 | €12,116 | ▲ 268% |
| Advances received on contracts in progress46 | - | - | - | €1,765 | - | - |
| Taxes, remuneration and social security45 | - | €1,792 | €1,520 | €4,733 | €3,303 | ▼ 30.2% |
| Taxes450/3 | - | €1,792 | €1,520 | €1,650 | €784 | ▼ 52.5% |
| Remuneration and social security454/9 | - | - | - | €3,082 | €2,519 | ▼ 18.3% |
| Other amounts payable47/48 | - | €349 | €343 | €4,647 | €2,619 | ▼ 43.6% |
| Accrued charges and deferred income492/3 | - | €1,250 | €1,375 | €1,430 | €1,400 | ▼ 2.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,279 | €23,800 | €7,849 | -€33,187 | -€9,019 | ▲ 72.8% |
| + Depreciation and write-downs630 | €15,165 | €18,616 | €21,066 | €51,247 | €44,122 | ▼ 13.9% |
| Operating cash flow (approximation) | €6,885 | €42,415 | €28,915 | €18,059 | €35,103 | ▲ 94.4% |
| Investment in fixed assets (approximation) | - | -€22,445 | -€31,618 | -€478,744 | -€3,620 | ▲ 99.2% |
| Change in cash | - | €9,327 | €28,817 | -€28,366 | -€13,482 | ▲ 52.5% |
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
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€33,187
Net result drops to -€33,187, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23,800
Net result €23,800 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Léglise · 1 establishment unit since 2020
Ground area
3,949 m²
Building footprint
1,269 m²
Volume, LiDAR
7,976 m³
2 parcels, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HDécoupe
since 20202.294.501.049
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84004F0553/00D000 | Wallonia | 2,301 m² | 1 · 166 m² | 7.3 m · 2 fl. |
| 85019B0704/00M000 | Wallonia | 1,648 m² | 1 · 1,104 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 39 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
Founded09-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
23700Cutting, shaping and finishing of stone
Contact
E-mail
jonathan.husson@hotmail.com
Phone
+32492707186
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735889609
Also
9925:BE0735889609
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.