HDS
ActiveSummary
HDS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €639k and a net result of €-160k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 69% of 691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-9
Solvency75=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.39 in 2024; short-term debt: 17.6% and cash: 5% of total assets), and 49.8% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-160k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
48 d late
2024
41 d early
2023
322 d late
2022
70 d late
2021
88 d late
2020
61 d late
2019
122 d late
← 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, abbreviated schema
Equity
€639k▼ 18.5%
2024 · €784k
2018: €18k
2019: €98k
2020: €-36k
2021: €-68k
2022: €88k
2023: €911k
2024: €784k
2018 → 2025
Total assets
€1.27M▼ 18.3%
2024 · €1.56M
2018: €886k
2019: €978k
2020: €823k
2021: €912k
2022: €1.03M
2023: €1.68M
2024: €1.56M
2018 → 2025
Net result
€-160k▼ 25.2%
2024 · €-128k
2018: €12k
2019: €88k
2020: €-129k
2021: €-29k
2022: €156k
2023: €-127k
2024: €-128k
2018 → 2025
Working capital
€-39k
2024 · €127k
2018: €-13k
2019: €29k
2020: €-31k
2021: €168k
2022: €306k
2023: €189k
2024: €127k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-68k-€88k€911k▲ 930%€784k▼ 14.0%€639k▼ 18.5%
Operating result€-19k-€179k€-97k€-97k▲ 0.5%€-132k▼ 36.4%
Net result€-29k-€156k€-127k€-128k▼ 0.3%€-160k▼ 25.2%
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 stays negative: a loss of €132k in 2025 against €97k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€1.09M ▼ 1.4%
Current assets
€186k ▼ 59.2%
Equity and liabilities €1.27M
Equity
€639k ▼ 18.5%
Provisions
€0 ▼ 100%
Debt
€634k ▼ 14.3%
Debt's share of the balance-sheet total rises from 47.5% to 49.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€60k▼
2024 · €70k
Cash flow
€32k▼
2024 · €38k
Current ratio
0.83▼
2024 · 1.39
Quick ratio
0.75▼
2024 · 1.39
Debt to equity
0.99▲
2024 · 0.94
ROE
-25.0%▼
2024 · -16.3%
ROA
-12.6%▼
2024 · -8.2%
Interest coverage
3.22▼
2024 · 3.63
Debt ≤ 1 year
€224k▼
2024 · €328k
Debt > 1 year
€358k▼
2024 · €389k
Income taxes
€6k▼
2024 · €12k
Staff costs
€10k▼
2024 · €18k
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 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.56M€1.27M▼
Fixed assets21/28€1.10M€1.09M▼
Tangible fixed assets22/27€1.08M€1.07M▼
Land and buildings22€1.02M€1.00M▼
Plant, machinery and equipment23€58k€53k▼
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26-€11k
Financial fixed assets28€19k€19k=
Current assets29/58€456k€186k▼
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Other amounts receivable291€0-
Stocks and contracts in progress3-€16k
Stocks30/36-€16k
Amounts receivable within one year40/41€201k€106k▼
Trade receivables40€10k€27k▲
Other amounts receivable41€191k€79k▼
Cash at bank and in hand54/58€255k€64k▼
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.27M▼
Equity10/15€784k€639k▼
Contributions10/11€6k€6k=
Revaluation surpluses12€950k€594k▼
Reserves13€2k€358k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€358k▲
Profit (loss) carried forward14€-175k€-319k▼
Provisions and deferred taxes16€35k€0▼
Provisions for liabilities and charges160/5€35k€0▼
Major repairs and maintenance162€35k€0▼
Amounts payable17/49€740k€634k▼
Amounts payable after more than one year17€389k€358k▼
Financial debts170/4€389k€358k▼
Amounts payable within one year42/48€328k€224k▼
Current portion of amounts payable after more than one year42€47k€47k=
Trade debts44€93k€82k▼
Suppliers440/4€93k€82k▼
Advances received on contracts in progress46€2k€6k▲
Taxes, remuneration and social security45€16k€16k▼
Taxes450/3€3k€6k▲
Remuneration and social security454/9€13k€10k▼
Other amounts payable47/48€171k€72k▼
Accrued charges and deferred income492/3€22k€52k▲
Income statement
Code20242025
Non-recurring operating income76A€0€12k▲
Remuneration, social security and pensions62€18k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€166k€192k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€100k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-35k€-35k=
Other operating charges640/8€100k€105k▲
Non-recurring operating charges66A-€27k
Gross operating margin9900€253k€167k▼
Operating profit (loss)9901€-97k€-132k▼
Financial income75/76B-€815
Recurring financial income75-€115
Non-recurring financial income76B-€700
Financial charges65/66B€19k€23k▲
Recurring financial charges65€19k€19k▼
Non-recurring financial charges66B-€4k
Profit (loss) for the period before taxes9903€-116k€-154k▼
Transfer to deferred taxes680€0-
Income taxes67/77€12k€6k▼
Profit (loss) for the period9904€-128k€-160k▼
Profit (loss) for the period to be appropriated9905€-128k€-160k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-175k€-319k▼
Profit (loss) brought forward from the previous period14P€-47k€-160k▼
Social balance
Average headcount (FTE)90870.30.3=
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
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 48 days late
2025
31-12
Financial
Weakest financial yearnet €-160k
Net result drops to €-160k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 322 days late
2023
31-12
Financial
Equity above €500kEq €911k ▲930%
Equity rises from €88k to €911k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Back to profitnet €156k
Net result €156k after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 88 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Brugge · 1 establishment unit since 2011
Ground area
210 m²
Building footprint
197 m²
Volume, LiDAR
2,697 m³
Parcel 31803C1316/00L000, Flanders · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Traveller's Hostel Lybeer
since 20112.201.790.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C1316/00L000 | Flanders | 210 m² | 1 · 197 m² | 18.0 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 21,480 EUR awarded · 21,480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 21,480 EUR | 21,480 EUR |
Schemes
Globalisatiemechanisme (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.201.790.924
Similar companies · same sector, comparable size
IMMO HOTEL MECHELEN
BE 0535.665.177
Machelen (Brab.) · Eq €639k
VICTORY
BE 0429.237.371
Dilbeek · Eq €638k
ALRISNA
BE 0454.531.904
Antwerpen · Eq €640k
AUDIO VISUELE PUBLICITEIT 2000
BE 0432.693.343
Mechelen · Eq €641k
HOTEL MELISSA
BE 0807.143.730
Péruwelz · Eq €636k
Of 2,393 companies in sector 55100 we hold annual accounts for 1,514. 1,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
63100Computing infrastructure, data processing, hosting and related activities
55201Accommodation
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
55900Accommodation
56301Cafés and bars
63910Web portal activities
79901Tourist information services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:050 33 43 55