Financials
- Fiscal year
- 2024
- Total assets
- €101,694
- Loss
- -€11,101
- Solvency
- 3.4%
Total assets▼ 0.9%
Net result
20232024
HDN GROUP
ActiveSummary
The computed 12-month bankruptcy probability of HDN GROUP is 5.9% (elevated). The annual accounts of HDN GROUP for fiscal year 2024 show a net loss of 76% of the equity at the start of that year. The 2024 annual accounts show equity of €3,451 and a net result of -€11,101. Its solvency ranks better than 29% of 18932 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
1 site
Size
€101,694total assets 2024
- Equity
- €3,451
- Loss
- -€11,101
Turnover not published (abridged schema)
Structure
Accounts 63 d overdue0 of 2 deeds read
Why 35- 1 financial year not filed after the legal deadline; latest accounts 146 days late; 2 of the last 3 late- Founded in 2023- Sector Food and beverage service activities (NACE 56)+ Liquidity: current ratio 0.81, cash €67,342Show the evidence
Checked score
Score 2024
35
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 26% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
28-11
equity 3.4% of total assets
Liquidity
50-3
short-term debt 96.6% · cash 66.2%
Profitability
5-59
return on assets -10.9%
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 15 months
08-2025: 3.8%lowest value
09-2025: 4.1%▲ +7.7% vs 08-2025
10-2025: 4.8%▲ +17.1% vs 09-2025
11-2025: 4.9%▲ +0.9% vs 10-2025
12-2025: 6.0%▲ +22.9% vs 11-2025highest value
01-2026: 4.6%▼ -22.8% vs 12-2025
02-2026: 4.6%● 0.0% vs 01-2026
03-2026: 4.6%▲ +0.2% vs 02-2026
04-2026: 4.6%▼ -1.1% vs 03-2026
05-2026: 4.3%▼ -5.2% vs 04-2026
06-2026: 4.2%▼ -2.4% vs 05-2026
07-2026: 4.2%▼ -0.8% vs 06-2026
08-2026: 4.9%▲ +16.3% vs 07-2026
09-2026: 5.2%▲ +6.9% vs 08-2026
10-2026: 5.9%▲ +12.4% vs 09-2026
- 1 financial year not filed after the legal deadline; latest accounts 146 days late; 2 of the last 3 late raises the probability
- Liquidity: current ratio 0.81, cash €67,342 lowers the probability
- Founded in 2023 raises the probability for this profile
- Sector Food and beverage service activities (NACE 56) raises the probability
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 0.81 against 0.89 in 2023; short-term debt: 96.6% and cash: 66.2% of total assets), and 96.6% 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 (NACE 56, micro). Better than this share of them on solvency 28%, liquidity 49%, profitability 19%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-12-2025, 146 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
146 d late
2023
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 118 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2024
- 24-12-2025Annual accounts filed
- 28-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Founded
- 08-03-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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