HDH
ActiveSummary
HDH has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €-11k. Equity is growing by ~53.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 1526 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-43
Solvency86▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 1.83 in 2024; short-term debt: 38.6% and cash: 5.7% of total assets), and 38.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
6 d late
2023
13 d late
2022
2 d late
2021
5 d late
2020
3 d late
2019
36 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€121k▼ 8.6%
2024 · €133k
2018: €-42klowest in 8 years
2019: €-19k▲ +54.6% vs 2018
2020: €-16k▲ +17.5% vs 2019
2021: €17k▲ +206% vs 2020
2022: €58k▲ +246% vs 2021
2023: €110k▲ +88.9% vs 2022
2024: €133k▲ +20.3% vs 2023highest in 8 years
2025: €121k▼ -8.6% vs 2024
2018 → 2025
Total assets
€197k▼ 20.8%
2024 · €249k
2018: €108k
2019: €84k▼ -21.7% vs 2018lowest in 8 years
2020: €129k▲ +53.3% vs 2019
2021: €170k▲ +31.6% vs 2020
2022: €196k▲ +15.2% vs 2021
2023: €246k▲ +25.7% vs 2022
2024: €249k▲ +1.2% vs 2023highest in 8 years
2025: €197k▼ -20.8% vs 2024
2018 → 2025
Net result
€-11k
2024 · €22k
2018: €3k
2019: €23k▲ +623% vs 2018
2020: €3k▼ -85.5% vs 2019
2021: €33k▲ +873% vs 2020
2022: €42k▲ +26.6% vs 2021
2023: €52k▲ +24.9% vs 2022highest in 8 years
2024: €22k▼ -56.8% vs 2023
2025: €-11k▼ -151% vs 2024lowest in 8 years
2018 → 2025
Working capital
€93k▼ 0.5%
2024 · €93k
2018: €-115klowest in 8 years
2019: €-81k▲ +28.9% vs 2018
2020: €-46k▲ +43.2% vs 2019
2021: €-21k▲ +55.0% vs 2020
2022: €23k▲ +212% vs 2021
2023: €78k▲ +235% vs 2022
2024: €93k▲ +18.9% vs 2023highest in 8 years
2025: €93k▼ -0.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€58k▲ 246%€110k▲ 88.9%€133k▲ 20.3%€121k▼ 8.6%
2021: €17klowest in 5 years
2022: €58k▲ +246% vs 2021
2023: €110k▲ +88.9% vs 2022
2024: €133k▲ +20.3% vs 2023highest in 5 years
2025: €121k▼ -8.6% vs 2024
Operating result€35k-€56k▲ 60.6%€73k▲ 30.7%€36k▼ 51.3%€-9k
2021: €35k
2022: €56k▲ +60.6% vs 2021
2023: €73k▲ +30.7% vs 2022highest in 5 years
2024: €36k▼ -51.3% vs 2023
2025: €-9k▼ -126% vs 2024lowest in 5 years
Net result€33k-€42k▲ 26.6%€52k▲ 24.9%€22k▼ 56.8%€-11k
2021: €33k
2022: €42k▲ +26.6% vs 2021
2023: €52k▲ +24.9% vs 2022highest in 5 years
2024: €22k▼ -56.8% vs 2023
2025: €-11k▼ -151% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €36k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€29k ▼ 36.1%
Current assets
€169k ▼ 17.4%
Equity and liabilities €197k
Equity
€121k ▼ 8.6%
Debt
€76k ▼ 34.6%
Debt's share of the balance-sheet total falls from 46.8% to 38.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2024 · €55k
Cash flow
€5k▼
2024 · €41k
Current ratio
2.21▲
2024 · 1.83
Debt to equity
0.63▼
2024 · 0.88
ROE
-9.4%▼
2024 · 16.9%
ROA
-5.8%▼
2024 · 9.0%
Interest coverage
3.12▼
2024 · 11.61
Debt ≤ 1 year
€76k▼
2024 · €111k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€249k€197k▼
Fixed assets21/28€45k€29k▼
Tangible fixed assets22/27€43k€27k▼
Land and buildings22€9k€7k▼
Furniture and vehicles24€17k€6k▼
Other tangible fixed assets26€17k€13k▼
Financial fixed assets28€2k€2k=
Current assets29/58€204k€169k▼
Amounts receivable within one year40/41€195k€158k▼
Trade receivables40€153k€104k▼
Other amounts receivable41€42k€54k▲
Cash at bank and in hand54/58€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€249k€197k▼
Equity10/15€133k€121k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€114k€103k▼
Amounts payable17/49€117k€76k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€111k€76k▼
Current portion of amounts payable after more than one year42€15k€6k▼
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3€9k€9k▲
Other amounts payable47/48€71k€53k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€16k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€58k€9k▼
Operating profit (loss)9901€36k€-9k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€31k€-11k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€22k€-11k▼
Profit (loss) for the period to be appropriated9905€22k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€103k▼
Profit (loss) brought forward from the previous period14P€92k€114k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | €5k | €641 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €21k | €15k | €19k | €16k | ▼ 14.6% |
| Other operating charges640/8 | €4k | €3k | €4k | €3k | €2k | ▼ 19.5% |
| Gross operating margin9900 | €79k | €80k | €92k | €58k | €9k | ▼ 83.5% |
| Operating profit (loss)9901 | €35k | €56k | €73k | €36k | €-9k | ▼ 126% |
| Financial income75/76B | - | - | €5 | - | €1 | - |
| Recurring financial income75 | - | - | €5 | - | €1 | - |
| Financial charges65/66B | €2k | €1k | €6k | €5k | €2k | ▼ 52.0% |
| Recurring financial charges65 | €2k | €1k | €6k | €5k | €2k | ▼ 52.0% |
| Profit (loss) for the period before taxes9903 | €33k | €55k | €67k | €31k | €-11k | ▼ 137% |
| Income taxes67/77 | - | €13k | €15k | €9k | - | - |
| Profit (loss) for the period9904 | €33k | €42k | €52k | €22k | €-11k | ▼ 151% |
| Profit (loss) for the period to be appropriated9905 | €33k | €42k | €52k | €22k | €-11k | ▼ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €170k | €196k | €246k | €249k | €197k | ▼ 20.8% |
| Fixed assets21/28 | €93k | €72k | €52k | €45k | €29k | ▼ 36.1% |
| Tangible fixed assets22/27 | €91k | €70k | €50k | €43k | €27k | ▼ 37.9% |
| Land and buildings22 | €13k | €11k | €10k | €9k | €7k | ▼ 16.6% |
| Furniture and vehicles24 | €49k | €33k | €19k | €17k | €6k | ▼ 64.4% |
| Other tangible fixed assets26 | €29k | €25k | €21k | €17k | €13k | ▼ 22.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €78k | €124k | €195k | €204k | €169k | ▼ 17.4% |
| Amounts receivable within one year40/41 | €62k | €114k | €183k | €195k | €158k | ▼ 19.0% |
| Trade receivables40 | €54k | €83k | €142k | €153k | €104k | ▼ 32.0% |
| Other amounts receivable41 | €7k | €31k | €41k | €42k | €54k | ▲ 27.9% |
| Cash at bank and in hand54/58 | €16k | €10k | €11k | €10k | €11k | ▲ 15.4% |
| Deferred charges and accrued income490/1 | €300 | €300 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €170k | €196k | €246k | €249k | €197k | ▼ 20.8% |
| Equity10/15 | €17k | €58k | €110k | €133k | €121k | ▼ 8.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-2k | €40k | €92k | €114k | €103k | ▼ 10.0% |
| Amounts payable17/49 | €153k | €138k | €136k | €117k | €76k | ▼ 34.6% |
| Amounts payable after more than one year17 | €54k | €37k | €20k | €5k | - | - |
| Financial debts170/4 | €54k | €37k | €20k | €5k | - | - |
| Amounts payable within one year42/48 | €98k | €101k | €116k | €111k | €76k | ▼ 31.5% |
| Current portion of amounts payable after more than one year42 | €17k | €18k | €17k | €15k | €6k | ▼ 57.1% |
| Trade debts44 | €12k | €13k | €13k | €17k | €8k | ▼ 53.2% |
| Suppliers440/4 | €12k | €13k | €13k | €17k | €8k | ▼ 53.2% |
| Taxes, remuneration and social security45 | €3k | €15k | €38k | €9k | €9k | ▲ 4.3% |
| Taxes450/3 | €3k | €15k | €38k | €9k | €9k | ▲ 4.3% |
| Other amounts payable47/48 | €65k | €55k | €48k | €71k | €53k | ▼ 25.6% |
| Accrued charges and deferred income492/3 | €641 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €42k | €52k | €22k | €-11k | ▼ 151% |
| + Depreciation and write-downs630 | €40k | €21k | €15k | €19k | €16k | ▼ 14.6% |
| Operating cash flow (approximation) | €72k | €62k | €67k | €41k | €5k | ▼ 88.5% |
| Investment in fixed assets (approximation) | - | €0 | €4k | €-12k | €0 | ▲ 100% |
| Change in cash | - | €-6k | €2k | €-1k | €1k | ▲ 202% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-09
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
30-09
Financial
Highest result since 2018net €52k ▲24.9%
Operating result €73k, net result €52k, both a record.
30-09
Financial
Equity above €100kEq €110k ▲88.9%
6 profitable years in a row build equity to €110k.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 16 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Zonnebeke · 1 establishment unit since 2001
Ground area
3,427 m²
Building footprint
309 m²
Volume, LiDAR
1,871 m³
2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
'T FUIFKIEKEN
since 20012.097.760.701
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037C0136/00K002 | Flanders | 3,347 m² | 1 · 229 m² | 7.4 m · 2 fl. |
| 33011I0069/00T000 | Flanders | 80 m² | 1 · 80 m² | 11.6 m · 3 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.
Similar companies · same sector, comparable size
HESTIA PROJECTS
BE 0460.575.992
Waregem · Eq €122,448
Nobel Security
BE 0892.421.774
Malle · Eq €119,218
AUDILEX
BE 0404.282.241
Knokke-Heist · Eq €118,170
D EN F AUDIO
BE 0435.705.489
Malle · Eq €118,096
ID FLO
BE 0462.937.052
Ath · Eq €117,724
Of 881 companies in sector 77229 we hold annual accounts for 319. 250 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
Founded19-06-2000
Fiscal year end30-09
Activities, NACEBEL 2025
77229Renting and leasing of other personal and household goods
56210Event catering
56301Cafés and bars
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.