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HVD GROUP

Active
Private limited companyfounded 20242 yrs activeSchooldreef 60, 9050 Gent, BelgiumKBO/BCE: BE 1008.973.709
Summary

HVD GROUP has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €8,714. Its solvency ranks better than 67% of 2315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability30=
Solvency87▲+1
Growth78
Track record82
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days only on tighter terms
Liquidity ample (current ratio 80.66 against 33.78 in 2024; short-term debt: 0.2% and cash: 5.1% of total assets), and 38% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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 2025
Solvency, return and age of the figures
Solvency
62%
Return on assets
0.4%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
8 d early
2024
77 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

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 months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 April 2024, HVD GROUP was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€1.5m▲ 0.6%
2024 · €1.5m
Total assets
€2.5m▼ 0.7%
2024 · €2.5m
Net result
€8,714▲ 41.8%
2024 · €6,143
Working capital
€369,388▼ 2.5%
2024 · €378,674
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€43,767-€47,314▲ 8.1%
Net result€6,143within the sector's middle half-€8,714within the sector's middle half▲ 41.8%
Equity€1.5mabove the sector's middle half-€1.5mabove the sector's middle half▲ 0.6%
Total assets€2.5mwithin the sector's middle half-€2.5mabove the sector's middle half▼ 0.7%
Debt€965,551-€940,637▼ 2.6%
Working capital€378,674within the sector's middle half-€369,388above the sector's middle half▼ 2.5%
Solvency61.2%within the sector's middle half-62.0%within the sector's middle half▲ 0.8pp
Current ratio33.78above the sector's middle half-80.66above the sector's middle half▲ 46.87
Return on assets (ROA)0.2%within the sector's middle half-0.4%within the sector's middle half▲ 0.1pp
above within below the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2024: €43,767€43,767Net result 2024: €6,143€6,143Operating result 2025: €47,314€47,314Net result 2025: €8,714€8,71420242025€0€20,000€40,000Operating result 2024: €43,767€43,800Net result 2024: €6,143€6,140Operating result 2025: €47,314€47,300Net result 2025: €8,714€8,71020242025
The operating result rises in 2025; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets €2.1m =
Current assets €374,025 ▼ 4.2%
Equity and liabilities €2.5m
Equity €1.5m ▲ 0.6%
Debt €940,637 ▼ 2.6%
Debt's share of the balance-sheet total falls from 38.8% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€47,314▲
2024 · €46,456
Cash flow
€8,714▼
2024 · €8,833
Debt to equity
0.61▼
2024 · 0.63
ROE
0.6%▲
2024 · 0.4%
Interest coverage
1.30▲
2024 · 1.29
Debt ≤ 1 year
€4,637▼
2024 · €11,551
Debt > 1 year
€900,000=
2024 · €900,000
Income taxes
€2,179▲
2024 · €1,536
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.5m€2.5m▼
Fixed assets21/28€2.1m€2.1m=
Financial fixed assets28€2.1m€2.1m=
Current assets29/58€390,225€374,025▼
Amounts receivable within one year40/41€16,972€1,728▼
Trade receivables40€16,248€1,728▼
Other amounts receivable41€724€0▼
Current investments50/53-€244,999
Cash at bank and in hand54/58€373,254€127,299▼
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.5m▼
Equity10/15€1.5m€1.5m▲
Contributions10/11€457,257€457,257=
Reserves13€1.1m€1.1m▲
Distributable reserves133€1.1m€1.1m▲
Amounts payable17/49€965,551€940,637▼
Amounts payable after more than one year17€900,000€900,000=
Financial debts170/4€900,000€900,000=
Amounts payable within one year42/48€11,551€4,637▼
Taxes, remuneration and social security45€11,551€4,637▼
Taxes450/3€11,551€4,637▼
Accrued charges and deferred income492/3€54,000€36,000▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,689€0▼
Other operating charges640/8€477€0▼
Gross operating margin9900€46,933€47,314▲
Operating profit (loss)9901€43,767€47,314▲
Financial charges65/66B€36,088€36,421▲
Recurring financial charges65€36,088€36,421▲
Profit (loss) for the period before taxes9903€7,679€10,893▲
Income taxes67/77€1,536€2,179▲
Profit (loss) for the period9904€6,143€8,714▲
Profit (loss) for the period to be appropriated9905€6,143€8,714▲
Appropriation of the result
Profit (loss) to be appropriated9906€6,143€8,714▲
Transfer to equity691/2€6,143€8,714▲
To other reserves6921€6,143€8,714▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,689€0▼ 100%
Other operating charges640/8€477€0▼ 100%
Gross operating margin9900€46,933€47,314▲ 0.8%
Operating profit (loss)9901€43,767€47,314▲ 8.1%
Financial charges65/66B€36,088€36,421▲ 0.9%
Recurring financial charges65€36,088€36,421▲ 0.9%
Profit (loss) for the period before taxes9903€7,679€10,893▲ 41.8%
Income taxes67/77€1,536€2,179▲ 41.8%
Profit (loss) for the period9904€6,143€8,714▲ 41.8%
Profit (loss) for the period to be appropriated9905€6,143€8,714▲ 41.8%
Line20242025Change
Assets
Total assets20/58€2.5m€2.5m▼ 0.7%
Fixed assets21/28€2.1m€2.1m=
Financial fixed assets28€2.1m€2.1m=
Current assets29/58€390,225€374,025▼ 4.2%
Amounts receivable within one year40/41€16,972€1,728▼ 89.8%
Trade receivables40€16,248€1,728▼ 89.4%
Other amounts receivable41€724€0▼ 100%
Current investments50/53-€244,999-
Cash at bank and in hand54/58€373,254€127,299▼ 65.9%
Equity and liabilities
Total equity and liabilities10/49€2.5m€2.5m▼ 0.7%
Equity10/15€1.5m€1.5m▲ 0.6%
Contributions10/11€457,257€457,257=
Reserves13€1.1m€1.1m▲ 0.8%
Distributable reserves133€1.1m€1.1m▲ 0.8%
Amounts payable17/49€965,551€940,637▼ 2.6%
Amounts payable after more than one year17€900,000€900,000=
Financial debts170/4€900,000€900,000=
Amounts payable within one year42/48€11,551€4,637▼ 59.9%
Taxes, remuneration and social security45€11,551€4,637▼ 59.9%
Taxes450/3€11,551€4,637▼ 59.9%
Accrued charges and deferred income492/3€54,000€36,000▼ 33.3%
Line20242025Change
Profit (loss) for the period9904€6,143€8,714▲ 41.8%
+ Depreciation and write-downs630€2,689€0▼ 100%
Operating cash flow (approximation)€8,833€8,714▼ 1.3%
Investment in fixed assets (approximation)-€0-
Change in cash--€245,954-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Liquidity doublescurrent ratio 80.66
Current ratio from 33.78 to 80.66; short-term debt falls from €11,551 to €4,637.
15-05
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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 2024
seat establishment The establishment unit on the map
Ground area
1,270 m²
Building footprint
329 m²
Volume, LiDAR
2,615 m³
Parcel 44362B0140/00Z008, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
HVD GROUP
Schooldreef 60, 9050 GentComputing infrastructure, data processing, hosting and other information service activities
since 20242.360.524.890
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44362B0140/00Z008 Flanders 1,270 m² 1 · 329 m² 11.8 m · 3 fl.
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 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of HVD GROUP 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.

Similar companies · same sector, comparable size

Of 24,494 companies in sector 82990 we hold annual accounts for 9,417. 3,728 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
Founded30-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
63920Other information service activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1008973709
Registered 08-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.