HDO ADVICE
ActiveSummary
HDO ADVICE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €22k. Equity is growing by ~82.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency96▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.53 against 5.53 in 2024; short-term debt: 20% and cash: 64.7% of total assets), and 29.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
70.7%
Return on assets
13.1%
Age of the figures
9 mo
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
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 30-04-2026, 92 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
92 d early
2024
51 d early
2023
35 d early
2022
56 d early
2021
34 d early
2020
2 d early
2019
9 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▼ 21.4%
2024 · €153k
2018: €4klowest in 8 years
2019: €7k▲ +92.5% vs 2018
2020: €14k▲ +106% vs 2019
2021: €57k▲ +303% vs 2020
2022: €61k▲ +6.9% vs 2021
2023: €80k▲ +31.1% vs 2022
2024: €153k▲ +90.0% vs 2023highest in 8 years
2025: €120k▼ -21.4% vs 2024
2018 → 2025
Total assets
€170k▼ 16.2%
2024 · €203k
2018: €12klowest in 8 years
2019: €20k▲ +58.6% vs 2018
2020: €25k▲ +29.0% vs 2019
2021: €110k▲ +337% vs 2020
2022: €124k▲ +11.9% vs 2021
2023: €160k▲ +29.5% vs 2022
2024: €203k▲ +26.6% vs 2023highest in 8 years
2025: €170k▼ -16.2% vs 2024
2018 → 2025
Net result
€22k▼ 69.3%
2024 · €72k
2018: €-3klowest in 8 years
2019: €3k▲ +228% vs 2018
2020: €7k▲ +120% vs 2019
2021: €61k▲ +731% vs 2020
2022: €44k▼ -27.7% vs 2021
2023: €59k▲ +34.5% vs 2022
2024: €72k▲ +22.5% vs 2023highest in 8 years
2025: €22k▼ -69.3% vs 2024
2018 → 2025
Working capital
€86k▼ 28.9%
2024 · €121k
2018: €4klowest in 8 years
2019: €8k▲ +84.9% vs 2018
2020: €15k▲ +95.9% vs 2019
2021: €59k▲ +297% vs 2020
2022: €61k▲ +4.3% vs 2021
2023: €94k▲ +52.6% vs 2022
2024: €121k▲ +28.9% vs 2023highest in 8 years
2025: €86k▼ -28.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€61k▲ 6.9%€80k▲ 31.1%€153k▲ 90.0%€120k▼ 21.4%
2021: €57klowest in 5 years
2022: €61k▲ +6.9% vs 2021
2023: €80k▲ +31.1% vs 2022
2024: €153k▲ +90.0% vs 2023highest in 5 years
2025: €120k▼ -21.4% vs 2024
Operating result€79k-€57k▼ 27.9%€75k▲ 32.5%€87k▲ 15.3%€31k▼ 64.5%
2021: €79k
2022: €57k▼ -27.9% vs 2021
2023: €75k▲ +32.5% vs 2022
2024: €87k▲ +15.3% vs 2023highest in 5 years
2025: €31k▼ -64.5% vs 2024lowest in 5 years
Net result€61k-€44k▼ 27.7%€59k▲ 34.5%€72k▲ 22.5%€22k▼ 69.3%
2021: €61k
2022: €44k▼ -27.7% vs 2021
2023: €59k▲ +34.5% vs 2022
2024: €72k▲ +22.5% vs 2023highest in 5 years
2025: €22k▼ -69.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€50k ▼ 9.5%
Current assets
€120k ▼ 18.8%
Equity and liabilities €170k
Equity
€120k ▼ 21.4%
Debt
€50k ▼ 0.4%
Debt's share of the balance-sheet total rises from 24.6% to 29.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€47k▼
2024 · €100k
Cash flow
€38k▼
2024 · €86k
Current ratio
3.53▼
2024 · 5.53
Debt to equity
0.41▲
2024 · 0.33
ROE
18.5%▼
2024 · 47.4%
ROA
13.1%▼
2024 · 35.7%
Interest coverage
33.63▼
2024 · 58.33
Debt ≤ 1 year
€34k▲
2024 · €27k
Debt > 1 year
€16k▼
2024 · €23k
Income taxes
€7k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€203k€170k▼
Fixed assets21/28€55k€50k▼
Tangible fixed assets22/27€55k€50k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€53k€48k▼
Financial fixed assets28€76€76=
Current assets29/58€147k€120k▼
Amounts receivable within one year40/41€7k€8k▲
Trade receivables40€3k-
Other amounts receivable41€4k€8k▲
Cash at bank and in hand54/58€140k€110k▼
Deferred charges and accrued income490/1€15€2k▲
Equity and liabilities
Total equity and liabilities10/49€203k€170k▼
Equity10/15€153k€120k▼
Contributions10/11€19k€19k=
Reserves13€48€48=
Distributable reserves133€48€48=
Profit (loss) carried forward14€134k€101k▼
Amounts payable17/49€50k€50k▼
Amounts payable after more than one year17€23k€16k▼
Financial debts170/4€23k€16k▼
Amounts payable within one year42/48€27k€34k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€455€2k▲
Suppliers440/4€455€2k▲
Taxes, remuneration and social security45€17k€5k▼
Taxes450/3€17k€5k▼
Other amounts payable47/48€3k€19k▲
Accrued charges and deferred income492/3€65-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€16k▲
Other operating charges640/8€6k€928▼
Gross operating margin9900€106k€48k▼
Operating profit (loss)9901€87k€31k▼
Financial income75/76B€6k€1▼
Recurring financial income75€0€1▲
Non-recurring financial income76B€6k-
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€91k€29k▼
Income taxes67/77€19k€7k▼
Profit (loss) for the period9904€72k€22k▼
Profit (loss) for the period to be appropriated9905€72k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€134k€156k▲
Profit (loss) brought forward from the previous period14P€62k€134k▲
Profit to be distributed694/7-€55k
Return on contributions (dividend)694-€55k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €36 | €3k | €14k | €16k | ▲ 17.6% |
| Other operating charges640/8 | €245 | €298 | €267 | €6k | €928 | ▼ 84.1% |
| Gross operating margin9900 | €79k | €57k | €78k | €106k | €48k | ▼ 55.1% |
| Operating profit (loss)9901 | €79k | €57k | €75k | €87k | €31k | ▼ 64.5% |
| Financial income75/76B | - | - | €0 | €6k | €1 | ▼ 100.0% |
| Recurring financial income75 | - | - | €0 | €0 | €1 | ▲ 9,000% |
| Non-recurring financial income76B | - | - | - | €6k | - | - |
| Financial charges65/66B | €135 | €219 | €296 | €2k | €1k | ▼ 19.2% |
| Recurring financial charges65 | €135 | €219 | €296 | €2k | €1k | ▼ 19.2% |
| Profit (loss) for the period before taxes9903 | €78k | €56k | €75k | €91k | €29k | ▼ 67.7% |
| Income taxes67/77 | €18k | €13k | €16k | €19k | €7k | ▼ 61.8% |
| Profit (loss) for the period9904 | €61k | €44k | €59k | €72k | €22k | ▼ 69.3% |
| Profit (loss) for the period to be appropriated9905 | €61k | €44k | €59k | €72k | €22k | ▼ 69.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110k | €124k | €160k | €203k | €170k | ▼ 16.2% |
| Fixed assets21/28 | €76 | €1k | €17k | €55k | €50k | ▼ 9.5% |
| Tangible fixed assets22/27 | - | €1k | €17k | €55k | €50k | ▼ 9.5% |
| Plant, machinery and equipment23 | - | - | €3k | €3k | €2k | ▼ 25.7% |
| Furniture and vehicles24 | - | €1k | €8k | €53k | €48k | ▼ 8.7% |
| Assets under construction and advance payments27 | - | - | €5k | - | - | - |
| Financial fixed assets28 | €76 | €76 | €76 | €76 | €76 | = |
| Current assets29/58 | €110k | €122k | €143k | €147k | €120k | ▼ 18.8% |
| Amounts receivable within one year40/41 | €2k | €17k | €60k | €7k | €8k | ▲ 12.1% |
| Trade receivables40 | €896 | - | €56k | €3k | - | - |
| Other amounts receivable41 | €862 | €17k | €4k | €4k | €8k | ▲ 119% |
| Cash at bank and in hand54/58 | €108k | €105k | €83k | €140k | €110k | ▼ 21.7% |
| Deferred charges and accrued income490/1 | €219 | €219 | €236 | €15 | €2k | ▲ 13,667% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110k | €124k | €160k | €203k | €170k | ▼ 16.2% |
| Equity10/15 | €57k | €61k | €80k | €153k | €120k | ▼ 21.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €48 | €48 | €48 | €48 | €48 | = |
| Non-distributable reserves130/1 | €48 | €48 | - | - | - | - |
| Reserves not available under the articles1311 | €48 | €48 | - | - | - | - |
| Distributable reserves133 | - | - | €48 | €48 | €48 | = |
| Profit (loss) carried forward14 | €39k | €43k | €62k | €134k | €101k | ▼ 24.4% |
| Amounts payable17/49 | €53k | €62k | €80k | €50k | €50k | ▼ 0.4% |
| Amounts payable after more than one year17 | - | - | €30k | €23k | €16k | ▼ 31.8% |
| Financial debts170/4 | - | - | €30k | €23k | €16k | ▼ 31.8% |
| Amounts payable within one year42/48 | €52k | €61k | €49k | €27k | €34k | ▲ 27.2% |
| Current portion of amounts payable after more than one year42 | - | - | €7k | €7k | €7k | ▲ 4.6% |
| Trade debts44 | €225 | €239 | €316 | €455 | €2k | ▲ 262% |
| Suppliers440/4 | €225 | €239 | €316 | €455 | €2k | ▲ 262% |
| Taxes, remuneration and social security45 | €17k | €17k | €2k | €17k | €5k | ▼ 67.1% |
| Taxes450/3 | €16k | €17k | €2k | €17k | €5k | ▼ 67.1% |
| Remuneration and social security454/9 | €2k | - | - | - | - | - |
| Other amounts payable47/48 | €34k | €44k | €41k | €3k | €19k | ▲ 661% |
| Accrued charges and deferred income492/3 | €2k | €1k | - | €65 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61k | €44k | €59k | €72k | €22k | ▼ 69.3% |
| + Depreciation and write-downs630 | - | €36 | €3k | €14k | €16k | ▲ 17.6% |
| Operating cash flow (approximation) | €61k | €44k | €62k | €86k | €38k | ▼ 55.6% |
| Investment in fixed assets (approximation) | - | €-1k | €-18k | €-52k | €-11k | ▲ 79.5% |
| Change in cash | - | €-4k | €-22k | €58k | €-31k | ▼ 153% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €72k ▲22.5%
Operating result €87k, net result €72k, both a record.
31-12
Financial
Equity above €150kEq €153k ▲90%
6 profitable years in a row build equity to €153k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Chaumont-Gistoux · 1 establishment unit since 2018
Ground area
5,141 m²
Building footprint
347 m²
Volume, LiDAR
1,710 m³
2 parcels, Brussels, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HDO ADVICE
since 20182.273.538.260
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25058C0351/00D000 | Wallonia | 4,944 m² | 1 · 250 m² | 6.6 m · 1 fl. |
| 21018B0026/00F008 | Brussels | 197 m² | 1 · 97 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,006 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
Founded24-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.