HEDRA HOLDING
HEDRA HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €632k and a net result of €-25k. Equity is shrinking by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 6148 sector peers (fiscal year 2024). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €632k |
| Net result | €-25k |
| Better than sector | 35% |
| Active | 28 yrs |
Mixed profile: strong on stability, weaker on profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.5% | 52.2% | |
| Net result | €-25k | €54k | |
| Equity | €632k | €677k | |
| Gross operating margin | €-23k | €93k | |
| Total assets | €1.78M | €1.70M |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | n/a | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a | n/a |
| Net profit | €-25k | €-54k | €6k | €-1k | €7k |
| Cash flow | n/a | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - | - |
| Income taxes | €143 | - | €4k | - | €4k |
| Dividends | - | - | - | - | €0 |
| Total assets | €1.78M | €1.72M | €2.24M | €2.67M | €2.59M |
| Equity | €632k | €658k | €712k | €1.61M | €1.61M |
| Debt | €1.15M | €1.06M | €1.53M | €1.06M | €980k |
| of which ≤ 1y | €18k | €14k | €9k | €10k | €22k |
| of which > 1y | €1.12M | €1.03M | €1.51M | €1.05M | €966k |
| Working capital | n/a | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a | n/a |
| Solvency | 35.5% | 38.3% | 31.7% | 60.2% | 62.1% |
| Debt / equity | n/a | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a | n/a |
| ROA | -1.4% | -3.2% | 0.3% | 0.0% | 0.3% |
| ROE | -4.0% | -8.2% | 0.8% | -0.1% | 0.4% |
| EBITDA margin | n/a | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a | n/a |
Full annual accounts (28 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.78M | €1.72M | €2.24M | €2.67M | €2.59M |
| Fixed assets | 21/28 | €1.59M | €1.59M | €1.89M | €2.39M | €2.41M |
| Formation expenses | 20 | - | - | - | - | €0 |
| Intangible fixed assets | 21 | - | - | - | - | €0 |
| Tangible fixed assets | 22/27 | €3k | - | €307k | €802k | €820k |
| Financial fixed assets | 28 | €1.59M | €1.59M | €1.59M | €1.59M | €1.59M |
| Current assets | 29/58 | €190k | €130k | €349k | €281k | €199k |
| Stocks & contracts in progress | 3 | - | - | - | - | €0 |
| Amounts receivable within one year | 40/41 | €167k | €106k | €326k | €258k | €175k |
| Investments | 50/53 | - | - | - | - | €0 |
| Cash & bank | 54/58 | €23k | €23k | €24k | €24k | €24k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.78M | €1.72M | €2.24M | €2.67M | €2.59M |
| Equity | 10/15 | €632k | €658k | €712k | €1.61M | €1.61M |
| Contributions / capital | 10/11 | €521k | €521k | €521k | €1.42M | €1.42M |
| Reserves | 13 | €191k | €191k | €191k | €185k | €186k |
| Accumulated profits (losses) | 14 | €-80k | €-54k | - | - | €0 |
| Amounts payable | 17/49 | €1.15M | €1.06M | €1.53M | €1.06M | €980k |
| Amounts payable after one year | 17 | €1.12M | €1.03M | €1.51M | €1.05M | €966k |
| Amounts payable within one year | 42/48 | €18k | €14k | €9k | €10k | €22k |
| Trade debts payable within one year | 44 | €9k | €3k | €5k | €1k | €3k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-23k | €-14k | €24k | €1k | €32k |
| Operating result | 9901 | €-25k | €-54k | €22k | €-949 | €13k |
| Financial income | 75 | - | - | - | - | €0 |
| Financial charges | 65 | €207 | €140 | €12k | €120 | €2k |
| Result before taxes | 9903 | €-25k | €-54k | €10k | €-1k | €11k |
| Income taxes | 67/77 | €143 | - | €4k | - | €4k |
| Net result for the period | 9904 | €-25k | €-54k | €6k | €-1k | €7k |
| Result to be appropriated | 9905 | €-25k | €-54k | €6k | €-1k | €7k |
| NACE primary | Activities of holding companies(64210) |
| Legal form | Public limited company(014) |
| Incorporation | 02-07-1998 |
| Status | Active |
| Postal code | 3770 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73027A1116/00E000 | Flanders | 1,481 m² | 1 · 140 m² | 5.2 m · 1 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
16-02-2022 Capital decrease of €900,000 to €521,000
- €1.421.000 → €521.000
Technical details
{
"events": [
{
"kind": "capital_decrease",
"after_eur": 521000.0,
"delta_eur": -900000.0,
"before_eur": 1421000.0,
"share_emission": {
"agio_eur": null,
"share_form": null,
"share_class": null,
"n_new_shares": null,
"with_new_shares": false,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": "loss_absorption",
"contribution_type": null,
"paid_up_delta_eur": -900000.0,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": 900000.0,
"statutory_unavailable_equity_op": "convert_to_apports_non_appeles"
}
],
"notary": {
"name": "Silvie Lopez-Hernandez",
"firm_city": null,
"firm_name": null,
"office_city": "Pelt",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-02-16",
"filing_date": "2022-02-14",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2022-02-14",
"unanimous": null,
"under_authorized_capital": true,
"underlying_resolution_date": "2013-12-23"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0463.725.029",
"name_full": "HEDRA HOLDING",
"legal_form": "Naamloze vennootschap",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"volledige uitgifte",
"geco\u00F6rdineerde tekst der statuten"
],
"shareholders_after": [],
"share_classes_after": []
}| Legal nameNL | HEDRA HOLDING |