HDL TRADING
ActiveHDL TRADING has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.09M and a net result of €132k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 37960 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▲+2
Solvency83▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.44 in 2023; short-term debt: 40.4% and cash: 4.2% of total assets), and 41.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.4%
Return on assets
3.7%
Age of the figures
21 mo
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
40 d early
2022
60 d early
2021
18 d late
2020
25 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2.09M▲ 6.7%
2023 · €1.96M
2018: €1.65M
2019: €1.81M
2020: €1.80M
2021: €1.83M
2022: €1.89M
2023: €1.96M
2018 → 2024
Total assets
€3.59M▲ 3.7%
2023 · €3.46M
2018: €3.07M
2019: €3.24M
2020: €3.21M
2021: €3.23M
2022: €3.38M
2023: €3.46M
2018 → 2024
Net result
€132k▲ 3.4%
2023 · €128k
2018: €63k
2019: €160k
2020: €49k
2021: €32k
2022: €122k
2023: €128k
2018 → 2024
Working capital
€-666k▲ 18.5%
2023 · €-816k
2018: €-1.09M
2019: €-938k
2020: €-978k
2021: €-948k
2022: €-884k
2023: €-816k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.80M-€1.83M▲ 1.8%€1.89M▲ 3.4%€1.96M▲ 3.6%€2.09M▲ 6.7%
Operating result€56k-€61k▲ 9.8%€101k▲ 64.5%€106k▲ 5.7%€111k▲ 4.3%
Net result€49k-€32k▼ 35.2%€122k▲ 285%€128k▲ 4.3%€132k▲ 3.4%
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 has risen four years in a row; 2024 is 4% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.59M
Fixed assets
€2.80M=
Current assets
€782k▲ 19.8%
Equity and liabilities €3.59M
Equity
€2.09M▲ 6.7%
Debt
€1.49M▼ 0.2%
The debt ratio falls from 43.3% to 41.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111k▲
2023 · €107k
Cash flow
€132k▲
2023 · €128k
Solvency
58.4%▲
2023 · 56.7%
Current ratio
0.54▲
2023 · 0.44
Quick ratio
0.54▲
2023 · 0.44
Debt / equity
0.71▼
2023 · 0.76
ROE
6.3%▼
2023 · 6.5%
ROA
3.7%▼
2023 · 3.7%
Interest coverage
4.11▲
2023 · 3.95
Debt
€1.49M▼
2023 · €1.50M
Debt ≤ 1 year
€1.45M▼
2023 · €1.47M
Income taxes
€18k▲
2023 · €18k
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€3.46M€3.59M▲
Fixed assets21/28€2.80M€2.80M=
Tangible fixed assets22/27€270-
Furniture and vehicles24€270-
Financial fixed assets28€2.80M€2.80M=
Current assets29/58€652k€782k▲
Amounts receivable within one year40/41€475k€608k▲
Trade receivables40€75k€90k▲
Other amounts receivable41€400k€518k▲
Cash at bank and in hand54/58€164k€152k▼
Deferred charges and accrued income490/1€14k€22k▲
Equity and liabilities
Total equity and liabilities10/49€3.46M€3.59M▲
Equity10/15€1.96M€2.09M▲
Contributions10/11€1.40M€1.40M=
Capital10€1.40M€1.40M=
Issued capital100€1.40M€1.40M=
Reserves13€25k€32k▲
Non-distributable reserves130/1€25k€32k▲
Legal reserve130€25k€32k▲
Profit (loss) carried forward14€536k€661k▲
Amounts payable17/49€1.50M€1.49M▼
Amounts payable within one year42/48€1.47M€1.45M▼
Trade debts44-€197
Suppliers440/4-€197
Taxes, remuneration and social security45€29k€18k▼
Taxes450/3€29k€17k▼
Remuneration and social security454/9-€513
Other amounts payable47/48€1.44M€1.43M▼
Accrued charges and deferred income492/3€27k€46k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€443€270▼
Other operating charges640/8€960€968▲
Gross operating margin9900€108k€112k▲
Operating profit (loss)9901€106k€111k▲
Financial income75/76B€66k€66k▲
Recurring financial income75€66k€66k▲
Financial charges65/66B€27k€27k=
Recurring financial charges65€27k€27k=
Profit (loss) for the period before taxes9903€146k€150k▲
Income taxes67/77€18k€18k▲
Profit (loss) for the period9904€128k€132k▲
Profit (loss) for the period to be appropriated9905€128k€132k▲
Appropriation of the result
Profit (loss) to be appropriated9906€602k€668k▲
Profit (loss) brought forward from the previous period14P€475k€536k▲
Transfer to equity691/2€6k€7k▲
To the legal reserve6920€6k€7k▲
Profit to be distributed694/7€60k-
Return on contributions (dividend)694€60k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €2MEq €2.09M ▲6.7%
7 profitable years in a row build equity to €2.09M.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Weakest financial yearnet €32k ▼35.2%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €160k ▲154%
Net result €160k, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Pepingen · 1 establishment unit since 2008
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.
Molenstraat(BO) 281670 PepingenGround area
471 m²
Building footprint
136 m²
Volume, LiDAR
916 m³
Parcel 23010A0352/00S000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HDL TRADING
since 20082.171.009.656
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23010A0352/00S000 | Flanders | 471 m² | 1 · 136 m² | 10.3 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.
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 19,633 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-04-2008
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.