HdN
ActiveSummary
HdN has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218,950 and a net result of €29,360. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-17
Solvency100▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 5.81 against 3.5 in 2024; short-term debt: 15.4% and cash: 80.4% of total assets), and 15.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
84.6%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
51 d early
2024
34 d early
2023
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€218,950▲ 15.5%
2024 · €189,590
Total assets
€258,928▲ 0.5%
2024 · €257,657
Net result
€29,360▼ 54.4%
2024 · €64,345
Working capital
€192,209▲ 12.9%
2024 · €170,191
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€158,971-€83,739▼ 47.3%€38,495▼ 54.0%
Net result€122,245above the sector's middle half-€64,345within the sector's middle half▼ 47.4%€29,360within the sector's middle half▼ 54.4%
Equity€125,245within the sector's middle half-€189,590within the sector's middle half▲ 51.4%€218,950within the sector's middle half▲ 15.5%
Total assets€174,495within the sector's middle half-€257,657within the sector's middle half▲ 47.7%€258,928within the sector's middle half▲ 0.5%
Debt€49,250-€68,067▲ 38.2%€39,978▼ 41.3%
Working capital€113,745within the sector's middle half-€170,191above the sector's middle half▲ 49.6%€192,209above the sector's middle half▲ 12.9%
Solvency71.8%within the sector's middle half-73.6%within the sector's middle half▲ 1.8pp84.6%above the sector's middle half▲ 11.0pp
Current ratio3.31within the sector's middle half-3.50within the sector's middle half▲ 0.195.81above the sector's middle half▲ 2.31
Return on assets (ROA)70.1%above the sector's middle half-25.0%within the sector's middle half▼ 45.1pp11.3%within the sector's middle half▼ 13.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €258,928
Fixed assets
€26,741 ▲ 37.8%
Current assets
€232,187 ▼ 2.5%
Equity and liabilities €258,928
Equity
€218,950 ▲ 15.5%
Debt
€39,978 ▼ 41.3%
Debt's share of the balance-sheet total falls from 26.4% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,154▼
2024 · €84,872
Cash flow
€31,019▼
2024 · €65,479
Debt to equity
0.18▼
2024 · 0.36
ROE
13.4%▼
2024 · 33.9%
Interest coverage
334.92▼
2024 · 829.89
Debt ≤ 1 year
€39,978▼
2024 · €68,067
Income taxes
€10,850▼
2024 · €19,359
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,134 | €1,659 | ▲ 46.3% |
| Other operating charges640/8 | €841 | €1,165 | €623 | ▼ 46.5% |
| Gross operating margin9900 | €159,812 | €86,037 | €40,777 | ▼ 52.6% |
| Operating profit (loss)9901 | €158,971 | €83,739 | €38,495 | ▼ 54.0% |
| Financial income75/76B | €15 | €67 | €1,835 | ▲ 2,633% |
| Recurring financial income75 | €15 | €67 | €1,835 | ▲ 2,633% |
| Financial charges65/66B | €85 | €102 | €120 | ▲ 17.2% |
| Recurring financial charges65 | €85 | €102 | €120 | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | €158,900 | €83,704 | €40,210 | ▼ 52.0% |
| Income taxes67/77 | €36,654 | €19,359 | €10,850 | ▼ 44.0% |
| Profit (loss) for the period9904 | €122,245 | €64,345 | €29,360 | ▼ 54.4% |
| Profit (loss) for the period to be appropriated9905 | €122,245 | €64,345 | €29,360 | ▼ 54.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €174,495 | €257,657 | €258,928 | ▲ 0.5% |
| Fixed assets21/28 | €11,500 | €19,400 | €26,741 | ▲ 37.8% |
| Tangible fixed assets22/27 | €11,500 | €19,400 | €26,741 | ▲ 37.8% |
| Plant, machinery and equipment23 | - | €1,006 | €780 | ▼ 22.5% |
| Furniture and vehicles24 | - | €3,290 | €1,856 | ▼ 43.6% |
| Other tangible fixed assets26 | €11,500 | €15,104 | €24,104 | ▲ 59.6% |
| Current assets29/58 | €162,995 | €238,258 | €232,187 | ▼ 2.5% |
| Amounts receivable within one year40/41 | €83,102 | €19,197 | €20,888 | ▲ 8.8% |
| Trade receivables40 | €83,102 | €19,197 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €20,888 | - |
| Cash at bank and in hand54/58 | €79,894 | €219,061 | €208,222 | ▼ 4.9% |
| Deferred charges and accrued income490/1 | - | - | €3,078 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €174,495 | €257,657 | €258,928 | ▲ 0.5% |
| Equity10/15 | €125,245 | €189,590 | €218,950 | ▲ 15.5% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €122,245 | €186,590 | €215,950 | ▲ 15.7% |
| Amounts payable17/49 | €49,250 | €68,067 | €39,978 | ▼ 41.3% |
| Amounts payable within one year42/48 | €49,250 | €68,067 | €39,978 | ▼ 41.3% |
| Trade debts44 | €6,143 | €1,874 | €831 | ▼ 55.6% |
| Suppliers440/4 | €6,143 | €1,874 | €831 | ▼ 55.6% |
| Taxes, remuneration and social security45 | €38,895 | €58,915 | €39,146 | ▼ 33.6% |
| Taxes450/3 | €38,895 | €58,915 | €39,146 | ▼ 33.6% |
| Other amounts payable47/48 | €4,211 | €7,278 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,245 | €64,345 | €29,360 | ▼ 54.4% |
| + Depreciation and write-downs630 | - | €1,134 | €1,659 | ▲ 46.3% |
| Operating cash flow (approximation) | €122,245 | €65,479 | €31,019 | ▼ 52.6% |
| Investment in fixed assets (approximation) | - | -€9,033 | -€9,000 | ▲ 0.4% |
| Change in cash | - | €139,167 | -€10,839 | ▼ 108% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
State Gazette act
General meeting · Statutes amendment
Director resignation · Director discharge · Jakobus MONTEYNE
2025
31-12
Financial
Weakest financial yearnet €29,360 ▼54.4%
Net result drops to €29,360, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €218,950 ▲15.5%
3 profitable years in a row build equity to €218,950.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €189,590 ▲51.4%
2 profitable years in a row build equity to €189,590.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2022
Ground area
688 m²
Building footprint
182 m²
Volume, LiDAR
1,538 m³
Parcel 11303C0255/00F007, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HdN
since 20222.336.729.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0255/00F007 | Flanders | 688 m² | 1 · 182 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
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FAMIFLEX
BE 0749.726.262
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VOOM
BE 0699.697.820
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PMG CONSULT
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 39,515 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
Founded11-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0792335095
Also
9925:BE0792335095
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.