HRD Academy
ActiveSummary
HRD Academy has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €339k and a net result of €64k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 16% of 807 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
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 = 2023
Profitability53▼-20
Solvency40▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 2.02 in 2023; short-term debt: 22.4% and cash: 9.2% of total assets), but 84.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 807 sector peers (2024).
NBB · sector comparisonPosition among 807 sector peers
Solvency
better than 16%
← weakest
strongest →
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 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
4 d early
2022
52 d late
2021
31 d early
2020
4 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€339k=
2023 · €339k
2018: €389k
2019: €522k
2020: €536k
2021: €676k
2022: €836k
2023: €339k
2018 → 2024
Total assets
€2.22M▼ 13.5%
2023 · €2.57M
2018: €1.43M
2019: €1.45M
2020: €1.32M
2021: €1.79M
2022: €1.76M
2023: €2.57M
2018 → 2024
Net result
€64k▼ 24.3%
2023 · €85k
2018: €182k
2019: €163k
2020: €15k
2021: €149k
2022: €204k
2023: €85k
2018 → 2024
Working capital
€1.01M▲ 10.1%
2023 · €919k
2018: €254k
2019: €217k
2020: €322k
2021: €567k
2022: €646k
2023: €919k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€536k-€676k▲ 26.0%€836k▲ 23.7%€339k▼ 59.5%€339k=
Operating result€29k-€213k▲ 624%€296k▲ 39.2%€111k▼ 62.5%€97k▼ 13.0%
Net result€15k-€149k▲ 875%€204k▲ 36.6%€85k▼ 58.3%€64k▼ 24.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.22M
Fixed assets
€714k ▼ 4.7%
Current assets
€1.51M ▼ 17.1%
Equity and liabilities €2.22M
Equity
€339k =
Debt
€1.89M ▼ 15.5%
Debt's share of the balance-sheet total falls from 86.8% to 84.8%. Debt is lower.
Key figures and ratios
EBITDA
€143k▼
2023 · €157k
Cash flow
€110k▼
2023 · €131k
Current ratio
3.03▲
2023 · 2.02
Debt to equity
5.57▼
2023 · 6.59
ROE
19.0%▼
2023 · 25.2%
ROA
2.9%▼
2023 · 3.3%
Interest coverage
3.66▼
2023 · 26.10
Debt ≤ 1 year
€498k▼
2023 · €902k
Debt > 1 year
€719k▼
2023 · €760k
Income taxes
€18k▼
2023 · €21k
Staff costs
€148k▲
2023 · €130k
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 · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.57M€2.22M▼
Fixed assets21/28€749k€714k▼
Intangible fixed assets21€3k€408▼
Tangible fixed assets22/27€742k€710k▼
Land and buildings22€693k€663k▼
Plant, machinery and equipment23€16k€20k▲
Furniture and vehicles24€33k€26k▼
Financial fixed assets28€4k€4k=
Current assets29/58€1.82M€1.51M▼
Amounts receivable within one year40/41€785k€677k▼
Trade receivables40€378k€275k▼
Other amounts receivable41€407k€402k▼
Current investments50/53€320k€320k=
Cash at bank and in hand54/58€470k€206k▼
Deferred charges and accrued income490/1€247k€307k▲
Equity and liabilities
Total equity and liabilities10/49€2.57M€2.22M▼
Equity10/15€339k€339k=
Contributions10/11€19k€19k=
Reserves13€320k€320k=
Non-distributable reserves130/1€320k€320k=
Reserves not available under the articles1311€0-
Own shares acquired1312€320k€320k=
Distributable reserves133€0-
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.23M€1.89M▼
Amounts payable after more than one year17€760k€719k▼
Financial debts170/4€760k€719k▼
Amounts payable within one year42/48€902k€498k▼
Current portion of amounts payable after more than one year42€126k€41k▼
Financial debts43€150k€0▼
Credit institutions430/8€150k€0▼
Trade debts44€464k€351k▼
Suppliers440/4€464k€351k▼
Taxes, remuneration and social security45€58k€40k▼
Taxes450/3€44k€19k▼
Remuneration and social security454/9€14k€22k▲
Other amounts payable47/48€103k€64k▼
Accrued charges and deferred income492/3€569k€669k▲
Income statement
Code20232024
Non-recurring operating income76A€23k€0▼
Remuneration, social security and pensions62€130k€148k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€46k▲
Other operating charges640/8€121k€5k▼
Gross operating margin9900€407k€295k▼
Operating profit (loss)9901€111k€97k▼
Financial income75/76B€1k€25k▲
Recurring financial income75€1k€25k▲
Financial charges65/66B€6k€39k▲
Recurring financial charges65€6k€39k▲
Profit (loss) for the period before taxes9903€106k€82k▼
Income taxes67/77€21k€18k▼
Profit (loss) for the period9904€85k€64k▼
Profit (loss) for the period to be appropriated9905€85k€64k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€64k▼
Profit (loss) brought forward from the previous period14P€539€0▼
Transfer from equity791/2€17k€0▼
Transfer to equity691/2€0-
Profit to be distributed694/7€103k€64k▼
Return on contributions (dividend)694€103k€64k▼
Social balance
Average headcount (FTE)90872.32.9▲
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 52 days late
2022
31-12
Financial
Highest result since 2018net €204k ▲36.6%
Operating result €296k, net result €204k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €15k ▼90.6%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €522k ▲34.3%
2 profitable years in a row build equity to €522k.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lochristi · 2 establishment units since 2011
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.
Kloosterstraat 299080 LochristiGround area
3,947 m²
Building footprint
562 m²
Volume, LiDAR
3,997 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
TRAINERSACADEMY
since 20112.202.429.540
HRD ACADEMY
since 20142.312.928.277
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013B0262/00N000 | Flanders | 2,007 m² | 1 · 261 m² | 9.9 m · 2 fl. |
| 44008D0126/00C002 | Flanders | 1,939 m² | 1 · 301 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
2022 to 2025 · 7 entries · 44,031 EUR awarded · 44,031 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 12,969 EUR | 12,969 EUR |
| 2024 | 3 | 11,070 EUR | 11,070 EUR |
| 2023 | 1 | 10,657 EUR | 10,657 EUR |
| 2022 | 1 | 9,335 EUR | 9,335 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Individueel Maatwerk
Vlaams opleidingsverlof (VOV)
Opleidingscheques voor werknemers
Recognitions · licences · registrations
Quality registration as a provider
1 live approvalQuality registration as a provider
Legal Entity Identifier
25490050ROS1RMJB3956
Similar companies · same sector, comparable size
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MOTORSPORT PROMOTION
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SAVOS
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SOPLETEX
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Peer · Eq €333,162
Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 828 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
Founded31-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.