HDG Group

Active

Private limited companyfounded 20179 yrs activeRue des Etangs 36, 4800 Verviers, BelgiumKBO/BCE: BE 0680.916.442

HDG Group has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €356k and a net result of €249k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 62% of 6593 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

89 / 100

Excellent▲ +18 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency87▲+49

Growth78=

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 2.4 against 1.69 in 2023), but 56.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €356k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

9 d early

2023

19 d late

2022

24 d late

2021

85 d late

2020

48 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€249k▲ 292%

2023 · €64k

2020: €9k 2021: €10k 2022: €1k 2023: €64k

2020 → 2024

Working capital

€473k▲ 101%

2023 · €235k

2020: €40k 2021: €39k 2022: €30k 2023: €235k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€32k-€42k▲ 31.6%€43k▲ 3.2%€107k▲ 146%€356k▲ 233%

Operating result€12k-€13k▲ 6.9%€6k▼ 56.8%€85k▲ 1,418%€345k▲ 303%

Net result€9k-€10k▲ 11.2%€1k▼ 86.8%€64k▲ 4,682%€249k▲ 292%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 303% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €827k

98.0%

Fixed assets €17k▼ 2.6%

Current assets €810k▲ 40.8%

Equity and liabilities €827k

43.1%

56.9%

Equity €356k▲ 233%

Debt €471k▼ 3.1%

The debt ratio falls from 82.0% to 56.9%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€348k▲

2023 · €90k

Cash flow

€252k▲

2023 · €68k

Solvency

43.1%▲

2023 · 18.0%

Current ratio

2.40▲

2023 · 1.69

Quick ratio

0.79▲

2023 · 0.22

Debt / equity

1.32▼

2023 · 4.54

ROE

70.0%▲

2023 · 59.4%

ROA

30.1%▲

2023 · 10.7%

Interest coverage

33.57▲

2023 · 20.88

Debt

€471k▼

2023 · €486k

Debt ≤ 1 year

€337k▼

2023 · €340k

Debt > 1 year

€134k▼

2023 · €146k

Income taxes

€87k▲

2023 · €18k

Staff costs

€83k▲

2023 · €39k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€593k€827k▲

Fixed assets21/28€17k€17k▼

Tangible fixed assets22/27€7k€6k▼

Plant, machinery and equipment23€741€318▼

Furniture and vehicles24€2k€3k▲

Other tangible fixed assets26€5k€3k▼

Financial fixed assets28€11k€11k=

Current assets29/58€575k€810k▲

Stocks and contracts in progress3€500k€544k▲

Stocks30/36€500k€544k▲

Amounts receivable within one year40/41€45k€109k▲

Trade receivables40€38k€103k▲

Other amounts receivable41€7k€5k▼

Cash at bank and in hand54/58€24k€125k▲

Deferred charges and accrued income490/1€6k€33k▲

Equity and liabilities

Total equity and liabilities10/49€593k€827k▲

Equity10/15€107k€356k▲

Contributions10/11€1k€1k=

Reserves13€100€100=

Non-distributable reserves130/1€100€100=

Reserves not available under the articles1311€100€100=

Profit (loss) carried forward14€106k€355k▲

Amounts payable17/49€486k€471k▼

Amounts payable after more than one year17€146k€134k▼

Financial debts170/4€146k€134k▼

Amounts payable within one year42/48€340k€337k▼

Current portion of amounts payable after more than one year42€11k€12k▲

Financial debts43€22k-

Credit institutions430/8€22k-

Trade debts44€40k€50k▲

Suppliers440/4€40k€50k▲

Taxes, remuneration and social security45€51k€150k▲

Taxes450/3€39k€125k▲

Remuneration and social security454/9€13k€25k▲

Other amounts payable47/48€215k€125k▼

Income statement Code20232024

Remuneration, social security and pensions62€39k€83k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼

Other operating charges640/8€4k€4k▼

Gross operating margin9900€133k€434k▲

Operating profit (loss)9901€85k€345k▲

Financial income75/76B€18€2k▲

Recurring financial income75€18€2k▲

Financial charges65/66B€4k€10k▲

Recurring financial charges65€4k€10k▲

Profit (loss) for the period before taxes9903€81k€336k▲

Income taxes67/77€18k€87k▲

Profit (loss) for the period9904€64k€249k▲

Profit (loss) for the period to be appropriated9905€64k€249k▲

Appropriation of the result

Profit (loss) to be appropriated9906€106k€355k▲

Profit (loss) brought forward from the previous period14P€42k€106k▲

Social balance

Average headcount (FTE)90871.02.0▲

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

22-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2020net €249k ▲292%

Operating result €345k, net result €249k, both a record.

31-12

Financial Equity above €200kEq €356k ▲233%

5 profitable years in a row build equity to €356k.

19-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 19 days late

2023

31-12

Financial Equity above €100kEq €107k ▲146%

4 profitable years in a row build equity to €107k.

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

31-12

Financial Weakest financial yearnet €1k ▼86.8%

Net result drops to €1k, the lowest in the series; recovery starts the following year.

24-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 85 days late

2021

17-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 48 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Verviers · 1 establishment unit since 2017

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue des Etangs 364800 Verviers

Ground area

281 m²

Building footprint

255 m²

Volume, LiDAR

1,398 m³

Parcel 63022B0002/00N004, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

HDG Group

Rue des Etangs 36, 4800 VerviersConstruction of roads and motorways

since 20172.267.527.230

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63022B0002/00N004	Wallonia	281 m²	1 · 255 m²	9.0 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

CARDEAL

BE 0769.673.422

Saint-Ghislain · Eq €356k

Merbes-le-Château · Eq €357k

GUMUS - Import - Export

BE 0438.561.645

Quaregnon · Eq €355k

Of 10,620 companies in sector 47811 we hold annual accounts for 5,193. 3,572 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded12-09-2017

Fiscal year end31-12

Activities, NACEBEL

47811Retail sale of cars and light vans (up to 3.5 tonnes)

95315Tyre services

46711Wholesale of cars and light vans (up to 3.5 tonnes)

45112

45204

95316Washing and cleaning of motor vehicles

95319Other maintenance and repair of motor vehicles

47820Retail sale of motor vehicle parts and accessories

46180Agents specialised in the wholesale of other particular products

95314Bodywork repair (including spraying and painting)

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.