HUDICO
ActiveHUDICO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249k and a net result of €42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 4489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency27▲+21
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.12 in 2024), and 75.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 02
Relative position
BE, all sectors
reference
Sector 02
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
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
24.4%
Return on assets
4.1%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €249k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
2 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▼ 18.7%
2024 · €52k
2018: €-31k
2019: €20k
2020: €-54k
2021: €-35k
2022: €72k
2023: €37k
2024: €52k
2018 → 2025
Working capital
€-272k▲ 40.2%
2024 · €-455k
2018: €-17k
2019: €17k
2020: €-45k
2021: €-111k
2022: €-24k
2023: €-29k
2024: €-455k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-100k-€-28k▲ 71.8%€9k€61k▲ 595%€249k▲ 310%
Operating result€-32k-€76k€41k▼ 46.1%€56k▲ 36.3%€27k▼ 51.3%
Net result€-35k-€72k€37k▼ 48.5%€52k▲ 40.5%€42k▼ 18.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€705k▲ 6.7%
Current assets
€314k▲ 404%
Equity and liabilities €1.02M
Equity
€249k▲ 310%
Provisions
€49k
Debt
€722k▲ 9.0%
The debt ratio falls from 91.6% to 70.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€87k▼
2024 · €89k
Cash flow
€103k▲
2024 · €86k
Solvency
24.4%▲
2024 · 8.4%
Current ratio
0.54▲
2024 · 0.12
Quick ratio
0.54▲
2024 · 0.12
Debt / equity
2.90▼
2024 · 10.91
ROE
17.0%▼
2024 · 85.6%
ROA
4.1%▼
2024 · 7.2%
Interest coverage
24.65▲
2024 · 23.59
Debt
€722k▲
2024 · €662k
Debt ≤ 1 year
€586k▲
2024 · €517k
Debt > 1 year
€107k▼
2024 · €119k
Income taxes
€0=
2024 · €0
Staff costs
€10k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€723k€1.02M▲
Fixed assets21/28€661k€705k▲
Tangible fixed assets22/27€661k€705k▲
Plant, machinery and equipment23€661k€705k▲
Current assets29/58€62k€314k▲
Amounts receivable within one year40/41€18k€176k▲
Trade receivables40€11k€67k▲
Other amounts receivable41€7k€109k▲
Current investments50/53€97€0▼
Cash at bank and in hand54/58€41k€111k▲
Deferred charges and accrued income490/1€3k€27k▲
Equity and liabilities
Total equity and liabilities10/49€723k€1.02M▲
Equity10/15€61k€249k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1k€3k▲
Non-distributable reserves130/1€1k€3k▲
Legal reserve130€1k€3k▲
Profit (loss) carried forward14€-2k€38k▲
Investment grants15-€146k
Provisions and deferred taxes16-€49k
Deferred taxes168-€49k
Amounts payable17/49€662k€722k▲
Amounts payable after more than one year17€119k€107k▼
Financial debts170/4€119k€107k▼
Amounts payable within one year42/48€517k€586k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€23k€21k▼
Suppliers440/4€23k€21k▼
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€909€373▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€480k€551k▲
Accrued charges and deferred income492/3€26k€29k▲
Income statement
Code20242025
Remuneration, social security and pensions62€9k€10k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€60k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€103k€101k▼
Operating profit (loss)9901€56k€27k▼
Financial income75/76B€1€14k▲
Recurring financial income75€1€14k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€52k€38k▼
Transfer from deferred taxes780-€5k
Income taxes67/77€0€0=
Profit (loss) for the period9904€52k€42k▼
Profit (loss) for the period to be appropriated9905€52k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€40k▲
Profit (loss) brought forward from the previous period14P€-54k€-2k▲
Transfer to equity691/2-€2k
To the legal reserve6920-€2k
Social balance
Average headcount (FTE)90870.20.2=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-08
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director reappointment7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director reappointment7 facts ▸
- General meeting, 08/06/2026
- Board meeting, 08/06/2026
- Director reappointment, Didier t' Serstevens (bestuurder)
- Director reappointment, Sophie d'Aspremont Lynden (bestuurder)
- Mandate compensation, Didier t' Serstevens
- Mandate compensation, Sophie d'Aspremont Lynden
- Director reappointment, Didier t' Serstevens (gedelegeerd bestuurder)
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €200kEq €249k ▲310%
4 profitable years in a row build equity to €249k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €72k
Net result €72k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-54k ▼374%
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Didier t' Serstevens
CurrentDirector · since 08-06-2026
Sophie d'Aspremont Lynden
CurrentDirector · since 08-06-2026
08-06-2026
Didier t' Serstevens: Mandate renewed as Director
08-06-2026
Didier t' Serstevens: Mandate renewed as Managing director
08-06-2026
Sophie d'Aspremont Lynden: Mandate renewed as Director
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 1996
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.
Warandestraat 1001851 GrimbergenGround area
585 m²
Building footprint
585 m²
Volume, LiDAR
7,783 m³
Parcel 23036A0132/00D000, Flanders · tallest building 22.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Hudico
since 19962.075.835.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23036A0132/00D000 | Flanders | 585 m² | 1 · 585 m² | 22.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 249,832 EUR awarded · 120,748 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 120,748 EUR |
| 2024 | 2 | 129,084 EUR | 0 EUR |
| 2023 | 1 | 120,748 EUR | 0 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Onderzoekspremie voor beschermde monumenten en landschappen
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Of 607 companies in sector 02100 we hold annual accounts for 212. 157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-01-1996
Fiscal year end31-12
Activities, NACEBEL
02100Forestry and logging
68203Renting and operating of own or leased non-residential real estate, excluding land
64200Holdings
64210Activities of holding companies
68204Real estate activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.