Financials
- Fiscal year
- 2024
- Total assets
- €28,807
- Loss
- -€11,717
- Solvency
- 22.3%
Total assets▼ 24.1%
Net result
20222024
HDL Group
ActiveSummary
The computed 12-month bankruptcy probability of HDL Group is 4.8% (elevated). The annual accounts of HDL Group for fiscal year 2024 show a net loss of 65% of the equity at the start of that year. The 2024 annual accounts show equity of €6,437 and a net result of -€11,717. Equity is shrinking by ~30.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€28,807total assets 2024
- Equity
- €6,437
- Loss
- -€11,717
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 2 deeds read
Why 36- Figures for FY 2024 (filed 19-07-2025)- No main activity registered- Founded in 2021+ Size: total assets €28,807Show the evidence
Checked score
Score 2024
36
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 24% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
47-26
equity 22.3% of total assets
Liquidity
58-16
short-term debt 77.7% · cash 71.3%
Profitability
0-75
return on assets -40.7%
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.0%● 0.0% vs 11-2024
01-2025: 1.0%▼ -1.0% vs 12-2024lowest value
02-2025: 1.0%● 0.0% vs 01-2025lowest value
03-2025: 1.0%▲ +3.8% vs 02-2025
04-2025: 1.0%▲ +1.3% vs 03-2025
05-2025: 1.1%▲ +8.7% vs 04-2025
06-2025: 1.1%▲ +1.8% vs 05-2025
07-2025: 1.2%▲ +5.6% vs 06-2025
08-2025: 1.5%▲ +30.5% vs 07-2025
09-2025: 1.5%● 0.0% vs 08-2025
10-2025: 1.5%● 0.0% vs 09-2025
11-2025: 1.5%● 0.0% vs 10-2025
12-2025: 1.6%▲ +1.8% vs 11-2025
01-2026: 1.5%▼ -1.0% vs 12-2025
02-2026: 1.5%● 0.0% vs 01-2026
03-2026: 1.7%▲ +9.3% vs 02-2026
04-2026: 1.8%▲ +4.5% vs 03-2026
05-2026: 1.8%▲ +3.6% vs 04-2026
06-2026: 1.9%▲ +1.7% vs 05-2026
07-2026: 2.0%▲ +5.5% vs 06-2026
08-2026: 2.9%▲ +46.6% vs 07-2026
09-2026: 3.3%▲ +15.0% vs 08-2026
10-2026: 4.8%▲ +46.5% vs 09-2026highest value
- Figures for FY 2024 (filed 19-07-2025) raises the probability
- No main activity registered raises the probability
- Size: total assets €28,807 lowers the probability for this profile
- Founded in 2021 raises the probability for this profile
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 0.97 against 1.67 in 2023; short-term debt: 77.7% and cash: 71.3% of total assets), and 77.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 29%, liquidity 54%, profitability 4%, growth against the median 7%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 19-07-2025, 12 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
12 d early
2023
1 d late
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€11,717
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 5
- Since
- 2023
- 19-07-2025Annual accounts filed
- 31-12-2024Weakest financial year
- 01-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 15-10-2021
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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