HHD TRADING
InactiveHHD TRADING was declared bankrupt on 26-08-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 14-05-2024, published in the Belgian State Gazette on 29-05-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-08-2022, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
22 d late
2020
17 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€27k▼ 52.3%
2020 · €56k
2018: €29k
2019: €43k
2020: €56k
2018 → 2021
Total assets
€40k▼ 41.7%
2020 · €69k
2018: €33k
2019: €51k
2020: €69k
2018 → 2021
Net result
€-29k
2020 · €13k
2018: €16k
2019: €14k
2020: €13k
2018 → 2021
Working capital
€13k▼ 69.5%
2020 · €43k
2018: €22k
2019: €34k
2020: €43k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€29k-€43k▲ 48.4%€56k▲ 31.0%€27k▼ 52.3%
Operating result€17k-€15k▼ 9.1%€7k▼ 57.4%€-49k
Net result€16k-€14k▼ 10.8%€13k▼ 4.8%€-29k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €49k after €7k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €40k
Fixed assets
€14k ▲ 4.6%
Current assets
€26k ▼ 52.5%
Equity and liabilities €40k
Equity
€27k ▼ 52.3%
Debt
€13k ▲ 6.9%
Debt's share of the balance-sheet total rises from 18.0% to 33.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-48k▼
2020 · €9k
Cash flow
€-28k▼
2020 · €15k
Current ratio
2.00▼
2020 · 4.50
Quick ratio
1.98▼
2020 · 4.47
Debt to equity
0.49
ROE
-109.7%▼
2020 · 23.7%
ROA
-73.5%▼
2020 · 19.4%
Interest coverage
-195.89
Debt ≤ 1 year
€13k▲
2020 · €12k
Income taxes
€1k
Staff costs
€33k
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 · 2021 against 2020 · 43 lines
Balance sheet
Code20202021
Assets
Total assets20/58€69k€40k▼
Fixed assets21/28€13k€14k▲
Tangible fixed assets22/27€3k€4k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€2k
Financial fixed assets28€10k€10k=
Current assets29/58€56k€26k▼
Stocks and contracts in progress3€310€250▼
Stocks30/36-€250
Amounts receivable within one year40/41€34k€6k▼
Other amounts receivable41-€6k
Cash at bank and in hand54/58€22k€20k▼
Equity and liabilities
Total equity and liabilities10/49€69k€40k▼
Equity10/15€56k€27k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€36k€6k▼
Amounts payable17/49€12k€13k▲
Amounts payable within one year42/48€12k€13k▲
Trade debts44€4k€61▼
Suppliers440/4-€61
Taxes, remuneration and social security45-€13k
Taxes450/3-€13k
Income statement
Code20202021
Remuneration, social security and pensions62-€33k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8-€1k
Gross operating margin9900€32k€-14k▼
Operating profit (loss)9901€7k€-49k▼
Financial income75/76B-€21k
Recurring financial income75€7k€21k▲
Non-recurring financial income76B-€234
Financial charges65/66B-€243
Recurring financial charges65€258€243▼
Profit (loss) for the period before taxes9903€13k€-28k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€13k€-29k▼
Profit (loss) for the period to be appropriated9905€13k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€6k
Profit (loss) brought forward from the previous period14P-€36k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
29-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · HHD TRADING SRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES. déclarée le 26 août 2022 · event 14-05-2024
2022
02-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · HHD TRADING SRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES 1 · event 26-08-2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €-29k ▼321%
Net result drops to €-29k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
15-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 107 days late
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349 B 17,
1050 BRUXELLES 5 |
26-08-2022 → 14-05-2024 |