DH-LOCATION
ActiveSummary
DH-LOCATION has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €706k and a net result of €183k. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+2
Solvency51▲+4
Growth85=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.65 in 2023; short-term debt: 34.5% and cash: 7.6% of total assets), and 74.3% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
26 d late
2022
32 d late
2021
17 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€2.26M▲ 20.7%
2023 · €1.87M
2021: €999k
2022: €1.09M
2023: €1.87M
2021 → 2024
EBIT margin
14.4%▲ 1.7pp
2023 · 12.7%
2021: 13.7%
2022: 18.2%
2023: 12.7%
2021 → 2024
Net result
€183k▲ 59.6%
2023 · €115k
2021: €95k
2022: €134k
2023: €115k
2021 → 2024
Working capital
€-263k▲ 8.7%
2023 · €-288k
2021: €-243k
2022: €-214k
2023: €-288k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€999k-€1.09M▲ 8.6%€1.87M▲ 72.4%€2.26M▲ 20.7%
Equity€275k-€409k▲ 48.7%€523k▲ 28.0%€706k▲ 34.9%
Operating result€136k-€197k▲ 44.5%€237k▲ 20.3%€324k▲ 36.6%
Net result€95k-€134k▲ 41.1%€115k▼ 14.5%€183k▲ 59.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.74M
Fixed assets
€2.06M ▲ 11.7%
Current assets
€682k ▲ 29.3%
Equity and liabilities €2.74M
Equity
€706k ▲ 34.9%
Debt
€2.04M ▲ 10.1%
Debt's share of the balance-sheet total falls from 77.9% to 74.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.02M▲
2023 · €720k
Cash flow
€875k▲
2023 · €597k
Current ratio
0.72▲
2023 · 0.65
Quick ratio
0.70▲
2023 · 0.65
Debt to equity
2.88▼
2023 · 3.53
ROE
25.9%▲
2023 · 21.9%
ROA
6.7%▲
2023 · 4.8%
Interest coverage
12.77▲
2023 · 9.71
Debt ≤ 1 year
€945k▲
2023 · €815k
Debt > 1 year
€1.09M▲
2023 · €1.03M
Income taxes
€62k▲
2023 · €49k
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 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.37M€2.74M▲
Fixed assets21/28€1.85M€2.06M▲
Intangible fixed assets21€88k€62k▼
Tangible fixed assets22/27€1.76M€2.00M▲
Plant, machinery and equipment23€681k€690k▲
Furniture and vehicles24€139k€143k▲
Leasing and similar rights25€937k€1.17M▲
Current assets29/58€528k€682k▲
Stocks and contracts in progress3-€17k
Stocks30/36-€17k
Amounts receivable within one year40/41€317k€414k▲
Trade receivables40€279k€370k▲
Other amounts receivable41€38k€43k▲
Cash at bank and in hand54/58€183k€208k▲
Deferred charges and accrued income490/1€27k€43k▲
Equity and liabilities
Total equity and liabilities10/49€2.37M€2.74M▲
Equity10/15€523k€706k▲
Contributions10/11€180k€180k=
Capital10€180k€180k=
Issued capital100€180k€180k=
Reserves13€230k€330k▲
Distributable reserves133€230k€330k▲
Profit (loss) carried forward14€113k€196k▲
Amounts payable17/49€1.85M€2.04M▲
Amounts payable after more than one year17€1.03M€1.09M▲
Financial debts170/4€1.03M€1.09M▲
Amounts payable within one year42/48€815k€945k▲
Current portion of amounts payable after more than one year42€390k€559k▲
Trade debts44€190k€192k▲
Suppliers440/4€190k€192k▲
Advances received on contracts in progress46€3k-
Taxes, remuneration and social security45€49k€44k▼
Taxes450/3€49k€44k▼
Other amounts payable47/48€184k€150k▼
Accrued charges and deferred income492/3€326€485▲
Income statement
Code20232024
Turnover70€1.87M€2.26M▲
Goods, raw materials, services and sundry goods60/61€903k€1.21M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€482k€693k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k-
Other operating charges640/8€240k€31k▼
Gross operating margin9900€968k€1.05M▲
Operating profit (loss)9901€237k€324k▲
Financial income75/76B€457-
Recurring financial income75€457-
Financial charges65/66B€74k€80k▲
Recurring financial charges65€74k€80k▲
Profit (loss) for the period before taxes9903€164k€245k▲
Income taxes67/77€49k€62k▲
Profit (loss) for the period9904€115k€183k▲
Profit (loss) for the period to be appropriated9905€115k€183k▲
Appropriation of the result
Profit (loss) to be appropriated9906€213k€296k▲
Profit (loss) brought forward from the previous period14P€99k€113k▲
Transfer to equity691/2€100k€100k=
To other reserves6921€100k€100k=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Highest result since 2021net €183k ▲59.6%
Operating result €324k, net result €183k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €500kEq €523k ▲28%
3 profitable years in a row build equity to €523k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Honnelles · 1 establishment unit since 2020
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.
Rue du Berceau(ROI) 47387 HonnellesGround area
605 m²
Building footprint
86 m²
Parcel 53069D0380/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
DH-LOCATION
since 20202.302.740.309
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53069D0380/00D000 | Wallonia | 605 m² | 1 · 86 m² | - |
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.
Similar companies · same sector, comparable size
BRAVO-TECH
BE 0841.862.802
Oudenaarde · Eq €733k
ALVATEC
BE 0454.038.489
Alveringem · Eq €751k
HOUTHOOFD MARNIX
BE 0446.143.778
Izegem · Eq €632k
L.P.M
BE 0668.951.986
Charleroi · Eq €850k
IMMO CHIDOFF
BE 0433.909.209
Ganshoren · Eq €855k
Of 233 companies in sector 77221 we hold annual accounts for 125. 78 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 formPublic limited company
Founded20-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.dh-location.be
E-mail:info@dh-location.be