HLDB
ActiveSummary
HLDB has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €198.0m and a net result of €52.3m. Equity is growing by ~136.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+61
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 1.9 against 0.0 in 2023; short-term debt: 8% and cash: 0.1% of total assets), and 8% of the assets are financed with debt.
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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 2024Solvency, return and age of the figures
Solvency
92%
Return on assets
24.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
28 d late
2022
7 d late
2021
27 d early
2020
17 d late
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, unclassified schema
Turnover
€8,100
EBIT margin
-6658.1%
Net result
€52.3m
2023 · -€31,984
Working capital
€15.4m
2023 · -€19.0m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€8,100
Operating result-€5,151▲ 13.3%-€9,326▼ 81.1%-€539,308▼ 5,683%-€213,470▲ 60.4%-€8,843▲ 95.9%
Net result€6.1m▼ 1.7%€6.0m▼ 1.0%-€504,661-€31,984▲ 93.7%€52.3m
EBIT margin-6658.1%
Equity€12.3m▲ 98.1%€18.4m▲ 49.0%€163.6m▲ 790%€163.6m=€198.0m▲ 21.1%
Total assets€43.1m▲ 16.5%€43.1m=€187.3m▲ 334%€182.7m▼ 2.5%€215.2m▲ 17.8%
Debt€30.8m=€24.7m▼ 19.7%€23.7m▼ 4.2%€19.1m▼ 19.5%€17.2m▼ 10.2%
Working capital-€13.4m▲ 37.0%-€16.5m▼ 23.1%-€18.0m▼ 9.0%-€19.0m▼ 5.7%€15.4m
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8,843 in 2024 against €213,470 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €215.2m
Fixed assets
€182.6m =
Current assets
€32.6m ▲ 45,986%
Equity and liabilities €215.2m
Equity
€198.0m ▲ 21.1%
Debt
€17.2m ▼ 10.2%
Debt's share of the balance-sheet total falls from 10.5% to 8.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.90▲
2023 · 0.00
Debt to equity
0.09▼
2023 · 0.12
ROE
26.4%▲
2023 · 0.0%
ROA
24.3%▲
2023 · 0.0%
Debt ≤ 1 year
€17.2m▼
2023 · €19.1m
Income taxes
€0=
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €8,100 | - | - | - |
| Turnover70 | - | - | €8,100 | - | - | - |
| Operating charges60/66A | - | - | €547,408 | €213,470 | €8,843 | ▼ 95.9% |
| Goods for resale, raw materials and consumables60 | - | - | €6,872 | - | - | - |
| Purchases600/8 | - | - | - | - | €0 | - |
| Change in stocks: decrease (increase)609 | - | - | €6,872 | - | - | - |
| Services and other goods61 | - | - | €540,512 | €213,470 | €8,843 | ▼ 95.9% |
| Other operating charges640/8 | - | - | €25 | - | - | - |
| Gross operating margin9900 | -€5,151 | -€9,326 | - | - | - | - |
| Operating profit (loss)9901 | -€5,151 | -€9,326 | -€539,308 | -€213,470 | -€8,843 | ▲ 95.9% |
| Financial income75/76B | - | €6.2m | €80,719 | €201,681 | €52.8m | ▲ 26,098% |
| Recurring financial income75 | €6.2m | €6.2m | €80,719 | €201,681 | €52.8m | ▲ 26,098% |
| Income from current assets751 | - | - | - | €201,681 | €52.8m | ▲ 26,098% |
| Non-recurring financial income76B | - | €43,179 | €80,719 | - | - | - |
| Financial charges65/66B | - | €186,712 | €45,765 | €20,195 | €560,158 | ▲ 2,674% |
| Recurring financial charges65 | €85,612 | €186,712 | €45,765 | €20,195 | €560,158 | ▲ 2,674% |
| Debt charges650 | - | - | €25,824 | €17,216 | €559,517 | ▲ 3,150% |
| Other financial charges652/9 | - | - | €19,941 | €2,979 | €641 | ▼ 78.5% |
| Profit (loss) for the period before taxes9903 | €6.1m | €6.0m | -€504,354 | -€31,984 | €52.3m | ▲ 163,518% |
| Income taxes67/77 | - | - | €307 | €0 | €0 | - |
| Taxes670/3 | - | - | €307 | €0 | €0 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €6.1m | €6.0m | -€504,661 | -€31,984 | €52.3m | ▲ 163,518% |
| Profit (loss) for the period to be appropriated9905 | €6.1m | €6.0m | -€504,661 | -€31,984 | €52.3m | ▲ 163,518% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43.1m | €43.1m | €187.3m | €182.7m | €215.2m | ▲ 17.8% |
| Formation expenses20 | - | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €36.9m | €36.9m | €182.6m | €182.6m | €182.6m | = |
| Financial fixed assets28 | €36.9m | €36.9m | €182.6m | €182.6m | €182.6m | = |
| Affiliated companies280/1 | - | - | €182.6m | €182.6m | €182.6m | = |
| Participating interests280 | - | - | €182.6m | €182.6m | €182.6m | = |
| Other financial fixed assets284/8 | - | - | €0 | - | - | - |
| Shares284 | - | - | €0 | - | - | - |
| Current assets29/58 | €6.2m | €6.2m | €4.7m | €70,637 | €32.6m | ▲ 45,986% |
| Stocks and contracts in progress3 | €6,872 | €6,872 | €0 | - | - | - |
| Stocks30/36 | - | €6,872 | €0 | - | - | - |
| Property held for sale35 | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €1,166 | - | €350 | €60,504 | €32.4m | ▲ 53,408% |
| Trade receivables40 | - | - | €350 | €0 | - | - |
| Other amounts receivable41 | - | - | €0 | €60,504 | €32.4m | ▲ 53,408% |
| Cash at bank and in hand54/58 | €6.2m | €6.2m | €4.7m | €10,133 | €179,657 | ▲ 1,673% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43.1m | €43.1m | €187.3m | €182.7m | €215.2m | ▲ 17.8% |
| Equity10/15 | €12.3m | €18.4m | €163.6m | €163.6m | €198.0m | ▲ 21.1% |
| Contributions10/11 | €18,600 | €18,600 | €145.8m | €145.8m | €145.8m | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €12.3m | €18.4m | €17.9m | €17.8m | €52.3m | ▲ 193% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €18.4m | €17.9m | €17.8m | €52.3m | ▲ 193% |
| Profit (loss) carried forward14 | -€5,718 | - | - | - | - | - |
| Amounts payable17/49 | €30.8m | €24.7m | €23.7m | €19.1m | €17.2m | ▼ 10.2% |
| Amounts payable after more than one year17 | €11.2m | €2.0m | €1.0m | €0 | - | - |
| Financial debts170/4 | - | €2.0m | €1.0m | €0 | - | - |
| Credit institutions173 | - | - | €1.0m | €0 | - | - |
| Other amounts payable178/9 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €19.7m | €22.7m | €22.7m | €19.1m | €17.2m | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | - | €1.0m | €1.0m | €1.0m | €0 | ▼ 100% |
| Trade debts44 | €650 | €300 | €114,725 | €106,077 | €284 | ▼ 99.7% |
| Suppliers440/4 | - | €300 | €114,725 | €106,077 | €284 | ▼ 99.7% |
| Taxes, remuneration and social security45 | - | €43,041 | €307 | €0 | €0 | - |
| Taxes450/3 | - | €43,041 | €307 | €0 | €0 | - |
| Other amounts payable47/48 | - | €21.7m | €21.6m | €18.0m | €17.2m | ▼ 4.7% |
| Accrued charges and deferred income492/3 | - | €748 | €26 | €41 | €41 | ▼ 0.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6.1m | €6.0m | -€504,661 | -€31,984 | €52.3m | ▲ 163,518% |
| Operating cash flow (approximation) | €6.1m | €6.0m | -€504,661 | -€31,984 | €52.3m | ▲ 163,518% |
| Investment in fixed assets (approximation) | - | €62 | -€145.7m | €0 | €0 | - |
| Change in cash | - | -€4,723 | -€1.5m | -€4.7m | €169,524 | ▲ 104% |
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
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Back to profitnet €52.3m
Net result €52.3m after 2 loss-making years.
31-12
Financial
Liquidity times 513current ratio 1.90
Current ratio from 0.00 to 1.90; short-term debt falls from €19.1m to €17.2m.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 28 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 7 days late
2022
31-12
Financial
Weakest financial yearnet -€504,661
Net result drops to -€504,661, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100mEq €163.6m ▲790%
Equity rises from €18.4m to €163.6m.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Equity above €10mEq €12.3m ▲98.1%
2 profitable years in a row build equity to €12.3m.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €6.2m
Net result €6.2m after one loss-making year.
31-12
Financial
Equity above €5mEq €6.2m ▲48,263%
Equity rises from €12,882 to €6.2m.
24-07
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 9 acts read
About the unread acts
We know of 9 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
9 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, Gedinne · 1 establishment unit since 2017
Ground area
6,025 m²
Building footprint
873 m²
Volume, LiDAR
6,281 m³
2 parcels, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HLDB
since 20172.273.589.829
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91105A0324/00H000 | Wallonia | 4,038 m² | 1 · 672 m² | 9.7 m · 2 fl. |
| 91105B0018/00H000 | Wallonia | 1,987 m² | 1 · 200 m² | 10.0 m · 2 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.
Structure & network
Owners and holdings
1 owner · 10 holdings · 10 subsidiaries in the treeChain of control
- JACQUES SASFR
- HLDB
Highest known parent: JACQUES SAS (France). The sources do not say who stands above it.
Owners 1
- JACQUES SASFRparentSourceown accounts 2024100%
Holdings 10
-
100%
- MB ECO CONSTRUCTIONSsubsidiaryEquity €322,641Result €46,517100%
-
100%
-
100%
-
100%
-
1.08%
- Equity €900,065Result €122,1481.08%
-
1%
-
1%
- Equity €4.9mResult €1.3m0.8%
All subsidiaries, including indirect ones 10
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
GROUPE MB 100%8 subsidiaries
- MAISONS BAIJOT FRANCEFR 100%
- MAISONS BAIJOT LUXEMBOURGLU 100%
- MB Promotion 100%
- JOSEPH BAIJOT ET FILS 99.2%
- MB CONSULT 99%
- MB IMMO 99%
- MAISONS BAIJOT 98.92%
- MAISONS BAIJOT TOITURES 98.92%
- MB ECO CONSTRUCTIONS 100%
According to the 2024 annual accounts of HLDB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded20-11-2017
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684850187
Also
9925:BE0684850187
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.