Summary
HDK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.38M and a net result of €125k. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 93% of 8023 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 24-08-2026, 25 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
25 d late
2024
6 d early
2023
31 d late
2022
10 d early
2021
5 d early
2020
32 d late
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.38M▼ 13.6%
2024 · €2.75M
2018: €7.86M
2019: €7.75M
2020: €3.96M
2021: €3.83M
2022: €3.77M
2023: €2.75M
2024: €2.75M
2018 → 2025
Net result
€125k▲ 2,100%
2024 · €6k
2018: €1.17M
2019: €-112k
2020: €-343k
2021: €-130k
2022: €-60k
2023: €-20k
2024: €6k
2018 → 2025
Total assets
€2.52M▼ 14.6%
2024 · €2.95M
2018: €10.43M
2019: €9.13M
2020: €4.03M
2021: €3.94M
2022: €3.78M
2023: €3.04M
2024: €2.95M
2018 → 2025
Solvency
94.4%▲ 1.1pp
2024 · 93.4%
2018: 75.4%
2019: 84.9%
2020: 98.1%
2021: 97.2%
2022: 99.7%
2023: 90.3%
2024: 93.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.83M-€3.77M▼ 1.6%€2.75M▼ 27.1%€2.75M▲ 0.2%€2.38M▼ 13.6%
Operating result€-136k-€-93k▲ 31.9%€-64k▲ 31.3%€-29k▲ 54.9%€-174k▼ 507%
Net result€-130k-€-60k▲ 54.2%€-20k▲ 66.8%€6k€125k▲ 2,100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €174k in 2025 against €29k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.52M
Fixed assets
€27k ▼ 77.1%
Current assets
€2.49M ▼ 12.0%
Equity and liabilities €2.52M
Equity
€2.38M ▼ 13.6%
Debt
€140k ▼ 28.4%
Debt's share of the balance-sheet total falls from 6.6% to 5.6%. Equity and debt are lower.
Key figures and ratios
ROE
5.3%▲
2024 · 0.2%
ROA
5.0%▲
2024 · 0.2%
Debt ≤ 1 year
€140k▼
2024 · €196k
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.95M€2.52M▼
Fixed assets21/28€118k€27k▼
Tangible fixed assets22/27€0-
Furniture and vehicles24€0-
Financial fixed assets28€118k€27k▼
Current assets29/58€2.83M€2.49M▼
Amounts receivable within one year40/41€2.61M€2.03M▼
Trade receivables40€28k€6k▼
Other amounts receivable41€2.58M€2.02M▼
Current investments50/53€0€0=
Cash at bank and in hand54/58€106k€332k▲
Deferred charges and accrued income490/1€118k€132k▲
Equity and liabilities
Total equity and liabilities10/49€2.95M€2.52M▼
Equity10/15€2.75M€2.38M▼
Contributions10/11€35.00M€34.50M▼
Profit (loss) carried forward14€-32.25M€-32.12M▲
Amounts payable17/49€196k€140k▼
Amounts payable within one year42/48€196k€140k▼
Trade debts44€27k€29k▲
Suppliers440/4€27k€29k▲
Other amounts payable47/48€169k€111k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€0▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€96k
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-20k€-77k▼
Operating profit (loss)9901€-29k€-174k▼
Financial income75/76B€35k€300k▲
Recurring financial income75€35k€300k▲
Financial charges65/66B€811€566▼
Recurring financial charges65€291€566▲
Non-recurring financial charges66B€520€0▼
Profit (loss) for the period before taxes9903€6k€125k▲
Profit (loss) for the period9904€6k€125k▲
Profit (loss) for the period to be appropriated9905€6k€125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32.25M€-32.12M▲
Profit (loss) brought forward from the previous period14P€-32.25M€-32.25M=
Transfer from equity791/2€0-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
Financial
Back to profitnet €6k
Net result €6k after 5 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-12
Financial
Liquidity triplescurrent ratio 314.71
Current ratio from 99.18 to 314.71; short-term debt falls from €38k to €12k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 32 days late
2020
30-12
Financial
Weakest financial yearnet €-343k
Net result drops to €-343k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
2019
30-12
Financial
Liquidity times 119current ratio 85888.28
Current ratio from 721.38 to 85888.28; short-term debt falls from €14k to €104.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Waregem · 1 establishment unit since 2007
Ground area
2,065 m²
Building footprint
416 m²
Volume, LiDAR
1,704 m³
Parcel 34452B0835/00M002, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
HDK
since 20072.168.421.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0835/00M002 | Flanders | 2,065 m² | 1 · 415 m² | 6.9 m · 1 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
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HubR
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WILIMO
BE 0443.956.528
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S-A-B
BE 1016.266.030
Antwerpen · Eq €2,384,073
Of 24,727 companies in sector 64210 we hold annual accounts for 19,764. 10,369 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2007
Fiscal year end30-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.