HODEC
ActiveSummary
HODEC has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.74M and a net result of €-160k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 95% of 4178 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 17.89 against 10.08 in 2024; short-term debt: 5.3% and cash: 31.8% of total assets), and 5.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
94.6%
Return on assets
-2.3%
Age of the figures
9 mo
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 31-08-2026, 31 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
31 d late
2024
27 d late
2023
30 d late
2022
32 d late
2021
31 d late
2020
34 d late
2019
69 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
History
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-160k▲ 41.6%
2024 · €-274k
Working capital
€6.41M▲ 0.2%
2024 · €6.40M
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
Line20212022202320242025
Operating result€419k▼ 40.7%€191k▼ 54.5%€157k▼ 17.9%€-82k€-291k▼ 255%
Net result€398k▼ 34.6%€270k▼ 32.2%€63k▼ 76.6%€-274k€-160k▲ 41.6%
Equity€7.15M▲ 2.7%€7.21M▲ 0.8%€7.21M▼ 0.1%€6.93M▼ 3.8%€6.74M▼ 2.7%
Total assets€8.27M▲ 1.2%€8.26M▼ 0.1%€7.83M▼ 5.1%€7.64M▼ 2.5%€7.13M▼ 6.7%
Debt€1.11M▼ 7.7%€1.04M▼ 6.4%€627k▼ 39.8%€709k▲ 13.0%€384k▼ 45.8%
Working capital€6.13M▲ 7.3%€6.44M▲ 5.0%€6.65M▲ 3.3%€6.40M▼ 3.8%€6.41M▲ 0.2%
Staff (FTE)24.2▲ 1.3%24.2=22.6▼ 6.6%20.8▼ 8.0%11.6▼ 44.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €291k in 2025 against €82k 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 €7.13M
Fixed assets
€338k ▼ 37.4%
Current assets
€6.79M ▼ 4.4%
Equity and liabilities €7.13M
Equity
€6.74M ▼ 2.7%
Debt
€384k ▼ 45.8%
Debt's share of the balance-sheet total falls from 9.3% to 5.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-163k▼
2024 · €72k
Cash flow
€-32k▲
2024 · €-121k
Current ratio
17.89▲
2024 · 10.08
Quick ratio
15.19▲
2024 · 7.53
Debt to equity
0.06▼
2024 · 0.10
ROE
-2.4%▲
2024 · -4.0%
ROA
-2.3%▲
2024 · -3.6%
Interest coverage
-17.10▼
2024 · 0.27
Debt ≤ 1 year
€379k▼
2024 · €704k
Income taxes
€-10k▼
2024 · €12k
Staff costs
€615k▼
2024 · €973k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €5k | €13k | €617k | ▲ 4,575% |
| Remuneration, social security and pensions62 | €1.05M | €1.01M | €1.08M | €973k | €615k | ▼ 36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €307k | €300k | €215k | €154k | €128k | ▼ 16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €11k | €3k | €2k | €4k | €-46k | ▼ 1,350% |
| Other operating charges640/8 | €81k | €64k | €75k | €74k | €43k | ▼ 41.8% |
| Non-recurring operating charges66A | €0 | - | - | €98k | €0 | ▼ 100% |
| Gross operating margin9900 | €1.87M | €1.57M | €1.53M | €1.22M | €449k | ▼ 63.2% |
| Operating profit (loss)9901 | €419k | €191k | €157k | €-82k | €-291k | ▼ 255% |
| Financial income75/76B | €123k | €174k | €90k | €96k | €130k | ▲ 36.4% |
| Recurring financial income75 | €123k | €174k | €90k | €96k | €130k | ▲ 36.4% |
| Financial charges65/66B | €19k | €19k | €139k | €276k | €10k | ▼ 96.5% |
| Recurring financial charges65 | €19k | €19k | €91k | €264k | €10k | ▼ 96.4% |
| Non-recurring financial charges66B | - | - | €48k | €12k | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €524k | €346k | €107k | €-263k | €-170k | ▲ 35.2% |
| Income taxes67/77 | €125k | €76k | €44k | €12k | €-10k | ▼ 185% |
| Profit (loss) for the period9904 | €398k | €270k | €63k | €-274k | €-160k | ▲ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €398k | €270k | €63k | €-274k | €-160k | ▲ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.27M | €8.26M | €7.83M | €7.64M | €7.13M | ▼ 6.7% |
| Fixed assets21/28 | €1.05M | €783k | €562k | €541k | €338k | ▼ 37.4% |
| Tangible fixed assets22/27 | €986k | €719k | €546k | €538k | €335k | ▼ 37.6% |
| Land and buildings22 | €219k | €168k | €130k | €109k | €89k | ▼ 18.6% |
| Plant, machinery and equipment23 | €554k | €444k | €352k | €259k | €135k | ▼ 47.7% |
| Furniture and vehicles24 | €51k | €26k | €47k | €154k | €98k | ▼ 36.6% |
| Other tangible fixed assets26 | €163k | €81k | €18k | €16k | €14k | ▼ 14.9% |
| Financial fixed assets28 | €63k | €63k | €15k | €3k | €3k | = |
| Current assets29/58 | €7.22M | €7.47M | €7.27M | €7.10M | €6.79M | ▼ 4.4% |
| Amounts receivable after more than one year29 | €1.19M | €1.16M | €1.14M | €1.10M | €1.07M | ▼ 2.7% |
| Other amounts receivable291 | €1.19M | €1.16M | €1.14M | €1.10M | €1.07M | ▼ 2.7% |
| Stocks and contracts in progress3 | €1.78M | €1.93M | €1.97M | €1.80M | €1.02M | ▼ 43.1% |
| Stocks30/36 | €1.78M | €1.93M | €1.97M | €1.80M | €1.02M | ▼ 43.1% |
| Amounts receivable within one year40/41 | €420k | €1.13M | €1.10M | €792k | €745k | ▼ 6.0% |
| Trade receivables40 | €4k | €9k | €8k | €10k | €535k | ▲ 5,414% |
| Other amounts receivable41 | €416k | €1.12M | €1.09M | €782k | €210k | ▼ 73.2% |
| Current investments50/53 | €847k | €1.16M | €1.58M | €1.64M | €1.67M | ▲ 1.6% |
| Cash at bank and in hand54/58 | €2.96M | €2.06M | €1.49M | €1.74M | €2.27M | ▲ 30.3% |
| Deferred charges and accrued income490/1 | €17k | €21k | €8k | €32k | €17k | ▼ 46.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.27M | €8.26M | €7.83M | €7.64M | €7.13M | ▼ 6.7% |
| Equity10/15 | €7.15M | €7.21M | €7.21M | €6.93M | €6.74M | ▼ 2.7% |
| Contributions10/11 | €200k | €200k | €200k | €200k | €200k | = |
| Capital10 | €200k | €200k | €200k | €200k | €200k | = |
| Issued capital100 | €200k | €200k | €200k | €200k | €200k | = |
| Reserves13 | €1.09M | €1.34M | €1.40M | €1.40M | €1.40M | = |
| Non-distributable reserves130/1 | €20k | €20k | €20k | €20k | €20k | = |
| Legal reserve130 | €20k | €20k | €20k | €20k | €20k | = |
| Distributable reserves133 | €1.07M | €1.32M | €1.38M | €1.38M | €1.38M | = |
| Profit (loss) carried forward14 | €5.86M | €5.67M | €5.60M | €5.33M | €5.14M | ▼ 3.6% |
| Amounts payable17/49 | €1.11M | €1.04M | €627k | €709k | €384k | ▼ 45.8% |
| Amounts payable after more than one year17 | €19k | €0 | - | - | - | - |
| Financial debts170/4 | €19k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €1.09M | €1.04M | €623k | €704k | €379k | ▼ 46.1% |
| Current portion of amounts payable after more than one year42 | €28k | €19k | €0 | - | - | - |
| Trade debts44 | €336k | €290k | €158k | €379k | €148k | ▼ 60.9% |
| Suppliers440/4 | €336k | €290k | €158k | €379k | €148k | ▼ 60.9% |
| Advances received on contracts in progress46 | €2k | €28 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €412k | €405k | €347k | €278k | €154k | ▼ 44.4% |
| Taxes450/3 | €214k | €196k | €147k | €105k | €89k | ▼ 15.6% |
| Remuneration and social security454/9 | €198k | €210k | €200k | €172k | €65k | ▼ 62.0% |
| Other amounts payable47/48 | €313k | €324k | €117k | €47k | €77k | ▲ 63.2% |
| Accrued charges and deferred income492/3 | €5k | €5k | €5k | €5k | €5k | ▼ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €398k | €270k | €63k | €-274k | €-160k | ▲ 41.6% |
| + Depreciation and write-downs630 | €307k | €300k | €215k | €154k | €128k | ▼ 16.8% |
| Operating cash flow (approximation) | €705k | €570k | €278k | €-121k | €-32k | ▲ 73.2% |
| Investment in fixed assets (approximation) | - | €-33k | €6k | €-133k | €74k | ▲ 156% |
| Change in cash | - | €-897k | €-580k | €254k | €527k | ▲ 107% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-274k
Net result drops to €-274k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 34 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Overijse · 1 establishment unit since 1997
Ground area
1.2 ha
Building footprint
3,686 m²
Volume, LiDAR
23,936 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GAMMA
since 19972.080.212.114
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0222/00P004 | Flanders | 6,839 m² | 1 · 3,441 m² | 8.2 m · 2 fl. |
| 23544C0052/00C000 | Flanders | 5,420 m² | 1 · 245 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,385 EUR awarded · 1,385 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,385 EUR | 1,385 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOverijse2.080.212.114
Dual-learning approval
3 live approvalsMagazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Onthaal, organisatie en sales duaal (so)
Legal Entity Identifier
894500CWTZW0GF6MB684
Similar companies · same sector, comparable size
COBATIM
BE 0455.207.142
Comines-Warneton · Eq €6.71M
Bricoconsult
BE 0895.361.864
Edegem · Eq €6.82M
Vermetten Wegenbouw
BE 0442.736.209
Merksplas · Eq €6.59M
Bouw Georges Tanghe
BE 0405.391.605
Zwevegem · Eq €6.92M
BELGIAN MINERALS AND MATERIALS ENGINEERING COMPANY
BE 0423.181.207
Grez-Doiceau · Eq €7.02M
Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Scores and ratios are computed by Checked and are not a credit decision.