HSBCAD
ActiveSummary
HSBCAD has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.8m and a net result of €1.2m. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 80% of 2833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▼-14
Solvency100▲+22
Growth65=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 2.3 against 1.54 in 2023; short-term debt: 24.1% and cash: 31.7% of total assets), and 24.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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
75.9%
Return on assets
13.5%
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 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
27 d early
2022
26 d early
2021
25 d early
2020
64 d early
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€3.0m▼ 12.1%
2019 · €3.4m
EBIT margin
-0.6%▼ 4.2pp
2019 · 3.6%
Net result
€1.2m▼ 52.5%
2023 · €2.6m
Working capital
€2.8m▲ 81.1%
2023 · €1.6m
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€3.0m▼ 12.1%
Operating result-€18,141-€267,509▼ 1,375%-€791,786▼ 196%€3.1m€1.7m▼ 43.9%
Net result-€13,432-€370,924▼ 2,662%-€906,142▼ 144%€2.6m€1.2m▼ 52.5%
EBIT margin-0.6%▼ 4.2pp
Equity€917,251▼ 1.4%€2.5m▲ 178%€1.6m▼ 35.6%€4.2m▲ 156%€6.8m▲ 62.5%
Total assets€3.7m▲ 55.8%€5.8m▲ 56.3%€5.2m▼ 11.0%€7.9m▲ 52.2%€9.0m▲ 14.3%
Debt€2.8m▲ 92.3%€3.3m▲ 16.5%€3.5m▲ 8.2%€3.7m▲ 3.8%€2.2m▼ 40.9%
Working capital-€424,883€1.8m€852,600▼ 52.8%€1.6m▲ 83.3%€2.8m▲ 81.1%
Staff (FTE)8.8▲ 63.0%9.7▲ 10.2%11.3▲ 16.5%12.2▲ 8.0%14.9▲ 22.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 44% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.0m
Fixed assets
€4.0m ▲ 17.3%
Current assets
€5.0m ▲ 12.0%
Equity and liabilities €9.0m
Equity
€6.8m ▲ 62.5%
Debt
€2.2m ▼ 40.9%
Debt's share of the balance-sheet total falls from 46.6% to 24.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.6m▼
2023 · €3.8m
Cash flow
€2.1m▼
2023 · €3.2m
Current ratio
2.30▲
2023 · 1.54
Debt to equity
0.32▼
2023 · 0.87
ROE
17.8%▼
2023 · 61.0%
ROA
13.5%▼
2023 · 32.6%
Interest coverage
24.55▼
2023 · 31.78
Debt ≤ 1 year
€2.2m▼
2023 · €2.9m
Income taxes
€422,953▲
2023 · €408,775
Staff costs
€2.3m▲
2023 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.0m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €62,115 | - | €36,517 | - |
| Remuneration, social security and pensions62 | - | €1.4m | €1.7m | €1.8m | €2.3m | ▲ 27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,595 | €256,282 | €453,235 | €662,365 | €869,383 | ▲ 31.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €55,110 | €89,606 | €6,967 | €45,877 | ▲ 558% |
| Other operating charges640/8 | - | €3,029 | €7,490 | €24,282 | €29,228 | ▲ 20.4% |
| Non-recurring operating charges66A | - | €145,184 | €23,906 | €19,387 | €92,473 | ▲ 377% |
| Gross operating margin9900 | €1.5m | €1.6m | €1.4m | €5.6m | €5.1m | ▼ 9.6% |
| Operating profit (loss)9901 | -€18,141 | -€267,509 | -€791,786 | €3.1m | €1.7m | ▼ 43.9% |
| Financial income75/76B | - | €12,176 | €15,379 | €147 | €12,407 | ▲ 8,339% |
| Recurring financial income75 | €399,729 | €12,176 | €15,379 | €147 | €12,407 | ▲ 8,339% |
| Financial charges65/66B | - | €87,105 | €106,948 | €118,140 | €106,084 | ▼ 10.2% |
| Recurring financial charges65 | €54,617 | €87,105 | €106,948 | €118,140 | €106,084 | ▼ 10.2% |
| Profit (loss) for the period before taxes9903 | -€13,432 | -€342,438 | -€883,355 | €3.0m | €1.6m | ▼ 44.8% |
| Income taxes67/77 | - | €28,486 | €22,787 | €408,775 | €422,953 | ▲ 3.5% |
| Profit (loss) for the period9904 | -€13,432 | -€370,924 | -€906,142 | €2.6m | €1.2m | ▼ 52.5% |
| Transfer from tax-exempt reserves789 | - | €28,632 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€13,432 | -€342,292 | -€906,142 | €2.6m | €1.2m | ▼ 52.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €5.8m | €5.2m | €7.9m | €9.0m | ▲ 14.3% |
| Fixed assets21/28 | €1.3m | €2.2m | €2.8m | €3.4m | €4.0m | ▲ 17.3% |
| Intangible fixed assets21 | €989,583 | €1.8m | €2.4m | €3.1m | €3.4m | ▲ 12.5% |
| Tangible fixed assets22/27 | €97,294 | €90,495 | €70,937 | €62,752 | €271,844 | ▲ 333% |
| Plant, machinery and equipment23 | - | €58,561 | €49,198 | €50,330 | €60,944 | ▲ 21.1% |
| Furniture and vehicles24 | - | €12,246 | €8,013 | €4,659 | €13,880 | ▲ 198% |
| Other tangible fixed assets26 | - | €19,688 | €13,726 | €7,763 | €197,020 | ▲ 2,438% |
| Financial fixed assets28 | €257,340 | €301,099 | €301,099 | €301,099 | €301,549 | ▲ 0.1% |
| Current assets29/58 | €2.4m | €3.7m | €2.4m | €4.5m | €5.0m | ▲ 12.0% |
| Amounts receivable within one year40/41 | €2.1m | €2.1m | €1.4m | €2.1m | €2.0m | ▼ 0.8% |
| Trade receivables40 | - | €1.9m | €1.1m | €1.7m | €1.7m | ▲ 2.9% |
| Other amounts receivable41 | - | €152,672 | €350,085 | €361,554 | €294,481 | ▼ 18.6% |
| Current investments50/53 | €11,020 | €11,020 | €11,020 | €11,116 | €31,562 | ▲ 184% |
| Cash at bank and in hand54/58 | €292,827 | €1.5m | €835,650 | €2.3m | €2.9m | ▲ 21.7% |
| Deferred charges and accrued income490/1 | - | €45,399 | €103,440 | €50,450 | €75,409 | ▲ 49.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €5.8m | €5.2m | €7.9m | €9.0m | ▲ 14.3% |
| Equity10/15 | €917,251 | €2.5m | €1.6m | €4.2m | €6.8m | ▲ 62.5% |
| Contributions10/11 | €500,000 | €2.5m | €2.5m | €2.5m | €3.9m | ▲ 56.4% |
| Capital10 | - | €2.5m | €2.5m | €2.5m | €3.9m | ▲ 56.4% |
| Issued capital100 | - | €2.5m | €2.5m | €2.5m | €3.9m | ▲ 56.4% |
| Reserves13 | €417,251 | €46,328 | €46,328 | €1.7m | €2.9m | ▲ 71.5% |
| Non-distributable reserves130/1 | - | €22,299 | €22,299 | €22,299 | €22,299 | = |
| Legal reserve130 | - | €22,299 | €22,299 | €22,299 | €22,299 | = |
| Tax-exempt reserves132 | - | €7,635 | €7,635 | €7,635 | €7,635 | = |
| Distributable reserves133 | - | €16,394 | €16,394 | €1.7m | €2.9m | ▲ 72.7% |
| Profit (loss) carried forward14 | - | - | -€906,142 | - | - | - |
| Amounts payable17/49 | €2.8m | €3.3m | €3.5m | €3.7m | €2.2m | ▼ 40.9% |
| Amounts payable after more than one year17 | - | €1.2m | €1.8m | €582,251 | - | - |
| Financial debts170/4 | - | €1.2m | €1.8m | €582,251 | - | - |
| Amounts payable within one year42/48 | €2.8m | €1.8m | €1.5m | €2.9m | €2.2m | ▼ 25.1% |
| Current portion of amounts payable after more than one year42 | - | €62,149 | €223,886 | €1.2m | - | - |
| Financial debts43 | - | €9,558 | €250,000 | - | - | - |
| Credit institutions430/8 | - | €9,558 | €250,000 | - | - | - |
| Trade debts44 | €653,988 | €819,417 | €646,490 | €1.1m | €1.4m | ▲ 35.1% |
| Suppliers440/4 | - | €819,417 | €646,490 | €1.1m | €1.4m | ▲ 35.1% |
| Advances received on contracts in progress46 | - | €839,901 | €247,604 | €247,604 | - | - |
| Taxes, remuneration and social security45 | - | €108,936 | €145,693 | €376,520 | €746,768 | ▲ 98.3% |
| Taxes450/3 | - | €18,225 | €29,703 | €263,314 | €250,926 | ▼ 4.7% |
| Remuneration and social security454/9 | - | €90,711 | €115,989 | €113,207 | €495,842 | ▲ 338% |
| Other amounts payable47/48 | - | €6,091 | €5,207 | €2,693 | €2,085 | ▼ 22.6% |
| Accrued charges and deferred income492/3 | - | €192,675 | €216,383 | €189,525 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,432 | -€370,924 | -€906,142 | €2.6m | €1.2m | ▼ 52.5% |
| + Depreciation and write-downs630 | €102,595 | €256,282 | €453,235 | €662,365 | €869,383 | ▲ 31.3% |
| Operating cash flow (approximation) | €89,164 | -€114,641 | -€452,907 | €3.2m | €2.1m | ▼ 35.3% |
| Investment in fixed assets (approximation) | - | -€1.1m | -€1.1m | -€1.3m | -€1.5m | ▼ 15.0% |
| Change in cash | - | €1.2m | -€703,510 | €1.5m | €509,626 | ▼ 66.2% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €5mEq €6.8m ▲62.5%
2 profitable years in a row build equity to €6.8m.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €2.6m
Net result €2.6m after 3 loss-making years.
31-12
Financial
Equity above €2mEq €4.2m ▲156%
Equity rises from €1.6m to €4.2m.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€906,142
Net result drops to -€906,142, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.98
Current ratio from 0.85 to 1.98; short-term debt falls from €2.8m to €1.8m.
31-12
Financial
Equity above €2mEq €2.5m ▲178%
Equity rises from €917,251 to €2.5m.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
Show earlier events
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Gent · 1 establishment unit since 2001
Ground area
1.5 ha
Building footprint
5,962 m²
Volume, LiDAR
226 m³
Parcel 44062A0312/00C000, Flanders · tallest building 1.8 m. Linked by address, not a title deed.
72
companies at this address
See who is registered here
1 establishment unit
Amelia Earhartlaan 2, 9051 Gent
since 20012.095.191.585
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0312/00C000 | Flanders | 1.5 ha | 1 · 5,962 m² | 1.8 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 · 7 holdingsChain of control
- Andreas BidCo
- HSBCAD
Highest known parent: Andreas BidCo. The sources do not say who stands above it.
Owners 1
- Andreas BidCoparent100%
Holdings 7
-
100%
-
100%
-
100%
-
100%
- HSBCAD Software Solutions AustralasiaAUsubsidiarySourceown accounts 2024Equity AUD 33,832Result AUD 21,524100%
-
100%
-
99.88%
According to the 2024 annual accounts of HSBCAD 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 32,444 EUR awarded · 32,444 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 900 EUR | 900 EUR |
| 2024 | 1 | 6,120 EUR | 6,120 EUR |
| 2023 | 2 | 0 EUR | 13,891 EUR |
| 2022 | 4 | 25,424 EUR | 11,533 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 1,381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-08-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
71121Engineering and related technical consultancy, excluding land surveyors
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475468363
Also
9925:BE0475468363
Registered
11-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.