HDM Studiebureau
ActiveHDM Studiebureau has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €610k and a net result of €204k. Equity is growing by ~39.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 1937 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▲+18
Solvency85▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.25 in 2023; short-term debt: 35.8% and cash: 27.5% of total assets), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Sector 71
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
59.5%
Return on assets
20%
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 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
7 d early
2022
14 d early
2021
19 d early
2020
15 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€610k▲ 50.4%
2023 · €406k
2018: €82k
2019: €104k
2020: €179k
2021: €216k
2022: €351k
2023: €406k
2018 → 2024
Total assets
€1.02M▲ 2.3%
2023 · €1.00M
2018: €520k
2019: €548k
2020: €730k
2021: €656k
2022: €1.02M
2023: €1.00M
2018 → 2024
Net result
€204k▲ 275%
2023 · €54k
2018: €18k
2019: €22k
2020: €75k
2021: €37k
2022: €135k
2023: €54k
2018 → 2024
Working capital
€337k▲ 156%
2023 · €132k
2018: €-59k
2019: €-22k
2020: €23k
2021: €6k
2022: €112k
2023: €132k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€179k-€216k▲ 20.6%€351k▲ 62.2%€406k▲ 15.5%€610k▲ 50.4%
Operating result€119k-€67k▼ 43.5%€194k▲ 188%€81k▼ 58.1%€219k▲ 169%
Net result€75k-€37k▼ 50.7%€135k▲ 263%€54k▼ 59.5%€204k▲ 275%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 169% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.02M
Fixed assets
€320k▼ 7.0%
Current assets
€704k▲ 7.2%
Equity and liabilities €1.02M
Equity
€610k▲ 50.4%
Debt
€414k▼ 30.4%
The debt ratio falls from 59.5% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€269k▲
2023 · €131k
Cash flow
€254k▲
2023 · €104k
Solvency
59.5%▲
2023 · 40.5%
Current ratio
1.92▲
2023 · 1.25
Quick ratio
1.92▲
2023 · 1.25
Debt / equity
0.68▼
2023 · 1.47
ROE
33.5%▲
2023 · 13.4%
ROA
20.0%▲
2023 · 5.4%
Interest coverage
16.09▲
2023 · 8.84
Debt
€414k▼
2023 · €596k
Debt ≤ 1 year
€367k▼
2023 · €526k
Debt > 1 year
€46k▼
2023 · €69k
Income taxes
€49k▲
2023 · €13k
Staff costs
€236k▲
2023 · €208k
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€1.00M€1.02M▲
Fixed assets21/28€344k€320k▼
Tangible fixed assets22/27€229k€205k▼
Land and buildings22€182k€160k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€36k€36k▼
Other tangible fixed assets26€8k€6k▼
Financial fixed assets28€115k€115k=
Current assets29/58€657k€704k▲
Amounts receivable within one year40/41€348k€411k▲
Trade receivables40€324k€408k▲
Other amounts receivable41€24k€2k▼
Cash at bank and in hand54/58€238k€282k▲
Deferred charges and accrued income490/1€71k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.00M€1.02M▲
Equity10/15€406k€610k▲
Contributions10/11€19k€19k=
Reserves13€322k€526k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€322k€526k▲
Profit (loss) carried forward14€65k€65k=
Amounts payable17/49€596k€414k▼
Amounts payable after more than one year17€69k€46k▼
Financial debts170/4€69k€46k▼
Amounts payable within one year42/48€526k€367k▼
Current portion of amounts payable after more than one year42€40k€23k▼
Financial debts43€100k€115k▲
Credit institutions430/8€100k€115k▲
Trade debts44€340k€107k▼
Suppliers440/4€340k€107k▼
Taxes, remuneration and social security45€41k€116k▲
Taxes450/3€8k€90k▲
Remuneration and social security454/9€32k€27k▼
Other amounts payable47/48€5k€6k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Non-recurring operating income76A€0€613▲
Remuneration, social security and pensions62€208k€236k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€50k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€-2k▼
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A€9k€0▼
Gross operating margin9900€363k€509k▲
Operating profit (loss)9901€81k€219k▲
Financial income75/76B€1k€50k▲
Recurring financial income75€1k€50k▲
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€68k€253k▲
Income taxes67/77€13k€49k▲
Profit (loss) for the period9904€54k€204k▲
Profit (loss) for the period to be appropriated9905€54k€204k▲
Appropriation of the result
Profit (loss) to be appropriated9906€120k€269k▲
Profit (loss) brought forward from the previous period14P€65k€65k=
Transfer to equity691/2€54k€204k▲
To other reserves6921€54k€204k▲
Social balance
Average headcount (FTE)90872.53.3▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €204k ▲275%
Operating result €219k, net result €204k, both a record.
31-12
Financial
Equity above €500kEq €610k ▲50.4%
7 profitable years in a row build equity to €610k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €216k ▲20.6%
4 profitable years in a row build equity to €216k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €179k ▲72.1%
3 profitable years in a row build equity to €179k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €100kEq €104k ▲26.9%
2 profitable years in a row build equity to €104k.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Moorslede · 1 establishment unit since 2005
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.
Heulestraat 88890 MoorsledeGround area
6,455 m²
Building footprint
3,612 m²
Volume, LiDAR
22,531 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HDM STUDIEBUREAU
since 20052.147.552.383
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018B0875/00T003 | Flanders | 5,150 m² | 1 · 3,417 m² | 8.3 m · 2 fl. |
| 36012D1433/00T000 | Flanders | 1,306 m² | 1 · 196 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 329,700 EUR awarded · 194,582 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | -1,488 EUR | 28,582 EUR |
| 2024 | 1 | 0 EUR | 48,000 EUR |
| 2023 | 2 | 183,118 EUR | 118,000 EUR |
| 2022 | 1 | 148,070 EUR | 0 EUR |
Schemes
Innovatieprojecten in de context van een speerpuntcluster
Ontwikkelingsproject
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,562. 4,158 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2005
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
43240Other construction installation
43299Specialised construction activities
72500
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.