HD CONSTRUCT
ActiveSummary
HD CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €239k and a net result of €51k. Equity is growing by ~47.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+5
Solvency100▲+34
Growth75▼-6
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 10.77 against 6.77 in 2023; short-term debt: 9% and cash: 35.1% of total assets), and 24.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-01-2026, 184 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
184 d late
2023
54 d late
2022
36 d late
2021
184 d late
2020
58 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€268k▼ 9.8%
2023 · €298k
2019: €162k
2020: €304k▲ +87.6% vs 2019
2021: €140k▼ -54.0% vs 2020lowest in 6 years
2022: €451k▲ +223% vs 2021highest in 6 years
2023: €298k▼ -34.1% vs 2022
2024: €268k▼ -9.8% vs 2023
2019 → 2024
EBIT margin
18.4%▼ 7.6pp
2023 · 26.0%
2019: 114.4%highest in 6 years
2020: 16.2%▼ -85.8% vs 2019
2021: 15.3%▼ -5.7% vs 2020lowest in 6 years
2022: 15.9%▲ +3.7% vs 2021
2023: 26.0%▲ +64.0% vs 2022
2024: 18.4%▼ -29.2% vs 2023
2019 → 2024
Net result
€51k▲ 4.1%
2023 · €49k
2018: €-19klowest in 7 years
2019: €135k▲ +800% vs 2018highest in 7 years
2020: €35k▼ -74.3% vs 2019
2021: €13k▼ -61.5% vs 2020
2022: €43k▲ +219% vs 2021
2023: €49k▲ +15.1% vs 2022
2024: €51k▲ +4.1% vs 2023
2018 → 2024
Working capital
€278k▼ 24.6%
2023 · €369k
2018: €821k
2019: €671k▼ -18.3% vs 2018
2020: €557k▼ -17.1% vs 2019
2021: €917k▲ +64.8% vs 2020highest in 7 years
2022: €498k▼ -45.7% vs 2021
2023: €369k▼ -25.9% vs 2022
2024: €278k▼ -24.6% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€304k-€140k▼ 54.0%€451k▲ 223%€298k▼ 34.1%€268k▼ 9.8%
2020: €304k
2021: €140k▼ -54.0% vs 2020lowest in 5 years
2022: €451k▲ +223% vs 2021highest in 5 years
2023: €298k▼ -34.1% vs 2022
2024: €268k▼ -9.8% vs 2023
Equity€83k-€96k▲ 16.1%€139k▲ 44.3%€188k▲ 35.3%€239k▲ 27.2%
2020: €83klowest in 5 years
2021: €96k▲ +16.1% vs 2020
2022: €139k▲ +44.3% vs 2021
2023: €188k▲ +35.3% vs 2022
2024: €239k▲ +27.2% vs 2023highest in 5 years
Operating result€49k-€21k▼ 56.6%€72k▲ 235%€77k▲ 8.1%€49k▼ 36.1%
2020: €49k
2021: €21k▼ -56.6% vs 2020lowest in 5 years
2022: €72k▲ +235% vs 2021
2023: €77k▲ +8.1% vs 2022highest in 5 years
2024: €49k▼ -36.1% vs 2023
Net result€35k-€13k▼ 61.5%€43k▲ 219%€49k▲ 15.1%€51k▲ 4.1%
2020: €35k
2021: €13k▼ -61.5% vs 2020lowest in 5 years
2022: €43k▲ +219% vs 2021
2023: €49k▲ +15.1% vs 2022
2024: €51k▲ +4.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €318k
Fixed assets
€11k ▼ 56.4%
Current assets
€307k ▼ 29.2%
Equity and liabilities €318k
Equity
€239k ▲ 27.2%
Debt
€79k ▼ 70.9%
Debt's share of the balance-sheet total falls from 59.0% to 24.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▼
2023 · €92k
Cash flow
€66k▲
2023 · €64k
Current ratio
10.77▲
2023 · 6.77
Quick ratio
5.84▲
2023 · 1.58
Debt to equity
0.33▼
2023 · 1.44
ROE
21.4%▼
2023 · 26.1%
ROA
16.1%▲
2023 · 10.7%
Interest coverage
385.34▲
2023 · 9.11
Debt ≤ 1 year
€28k▼
2023 · €64k
Debt > 1 year
€50k▼
2023 · €147k
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 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€459k€318k▼
Fixed assets21/28€26k€11k▼
Tangible fixed assets22/27€26k€11k▼
Land and buildings22€4k-
Furniture and vehicles24€22k€11k▼
Financial fixed assets28€312€312=
Current assets29/58€433k€307k▼
Amounts receivable after more than one year29€29k-
Other amounts receivable291€29k-
Stocks and contracts in progress3€332k€141k▼
Stocks30/36-€141k
Contracts in progress37€332k-
Amounts receivable within one year40/41-€53k
Other amounts receivable41-€53k
Cash at bank and in hand54/58€68k€112k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€459k€318k▼
Equity10/15€188k€239k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€142k€142k=
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133€140k€142k▲
Profit (loss) carried forward14€28k€79k▲
Amounts payable17/49€271k€79k▼
Amounts payable after more than one year17€147k€50k▼
Financial debts170/4€147k€50k▼
Amounts payable within one year42/48€64k€28k▼
Current portion of amounts payable after more than one year42€10k-
Trade debts44€10k-
Suppliers440/4€10k-
Taxes, remuneration and social security45€34k€18k▼
Taxes450/3€34k€18k▼
Other amounts payable47/48€11k€11k=
Accrued charges and deferred income492/3€60k-
Income statement
Code20232024
Turnover70€298k€268k▼
Goods, raw materials, services and sundry goods60/61€10k€202k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€196k-
Other operating charges640/8€190€2k▲
Gross operating margin9900€288k€66k▼
Operating profit (loss)9901€77k€49k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€10k€166▼
Recurring financial charges65€10k€166▼
Profit (loss) for the period before taxes9903€67k€51k▼
Income taxes67/77€18k-
Profit (loss) for the period9904€49k€51k▲
Profit (loss) for the period to be appropriated9905€49k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€79k▲
Profit (loss) brought forward from the previous period14P€24k€28k▲
Transfer to equity691/2€45k-
To other reserves6921€45k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €304k | €140k | €451k | €298k | €268k | ▼ 9.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €45k | €21k | €10k | €202k | ▲ 2,008% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €142k | €15k | €15k | €15k | €15k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €54k | €342k | €196k | - | - |
| Other operating charges640/8 | - | €5k | €2k | €190 | €2k | ▲ 871% |
| Gross operating margin9900 | €299k | €95k | €430k | €288k | €66k | ▼ 77.1% |
| Operating profit (loss)9901 | €49k | €21k | €72k | €77k | €49k | ▼ 36.1% |
| Financial income75/76B | - | €2k | €0 | - | €2k | - |
| Recurring financial income75 | - | €2k | €0 | - | €2k | - |
| Non-recurring financial income76B | - | €2k | €0 | - | - | - |
| Financial charges65/66B | - | €6k | €13k | €10k | €166 | ▼ 98.4% |
| Recurring financial charges65 | €2k | €6k | €13k | €10k | €166 | ▼ 98.4% |
| Profit (loss) for the period before taxes9903 | €47k | €18k | €58k | €67k | €51k | ▼ 24.0% |
| Income taxes67/77 | €13k | €5k | €16k | €18k | - | - |
| Profit (loss) for the period9904 | €35k | €13k | €43k | €49k | €51k | ▲ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €35k | €13k | €43k | €49k | €51k | ▲ 4.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €610k | €1.01M | €585k | €459k | €318k | ▼ 30.7% |
| Fixed assets21/28 | €15k | €55k | €40k | €26k | €11k | ▼ 56.4% |
| Tangible fixed assets22/27 | €14k | €55k | €40k | €26k | €11k | ▼ 57.0% |
| Land and buildings22 | - | €11k | €7k | €4k | - | - |
| Furniture and vehicles24 | - | €44k | €33k | €22k | €11k | ▼ 50.0% |
| Financial fixed assets28 | €312 | €312 | €312 | €312 | €312 | = |
| Current assets29/58 | €596k | €956k | €545k | €433k | €307k | ▼ 29.2% |
| Amounts receivable after more than one year29 | - | €83k | - | €29k | - | - |
| Other amounts receivable291 | - | €83k | - | €29k | - | - |
| Stocks and contracts in progress3 | €309k | €870k | €528k | €332k | €141k | ▼ 57.7% |
| Stocks30/36 | - | €870k | €528k | - | €141k | - |
| Contracts in progress37 | - | - | - | €332k | - | - |
| Amounts receivable within one year40/41 | €60k | - | - | - | €53k | - |
| Other amounts receivable41 | - | - | - | - | €53k | - |
| Cash at bank and in hand54/58 | €981 | €237 | €13k | €68k | €112k | ▲ 64.6% |
| Deferred charges and accrued income490/1 | - | €3k | €4k | €4k | €2k | ▼ 57.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €610k | €1.01M | €585k | €459k | €318k | ▼ 30.7% |
| Equity10/15 | €83k | €96k | €139k | €188k | €239k | ▲ 27.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | - | €19k | - | €19k | - | - |
| Issued capital100 | - | €19k | - | €19k | - | - |
| Reserves13 | €57k | €57k | €97k | €142k | €142k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Legal reserve130 | - | €2k | - | €2k | - | - |
| Other1319 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | €55k | €95k | €140k | €142k | ▲ 1.3% |
| Profit (loss) carried forward14 | €8k | €21k | €24k | €28k | €79k | ▲ 184% |
| Amounts payable17/49 | €527k | €915k | €446k | €271k | €79k | ▼ 70.9% |
| Amounts payable after more than one year17 | €488k | €876k | €400k | €147k | €50k | ▼ 65.8% |
| Financial debts170/4 | - | €876k | €400k | €147k | €50k | ▼ 65.8% |
| Amounts payable within one year42/48 | €39k | €39k | €46k | €64k | €28k | ▼ 55.5% |
| Current portion of amounts payable after more than one year42 | - | €10k | €10k | €10k | - | - |
| Trade debts44 | - | - | €4k | €10k | - | - |
| Suppliers440/4 | - | - | €4k | €10k | - | - |
| Taxes, remuneration and social security45 | - | €17k | €20k | €34k | €18k | ▼ 46.4% |
| Taxes450/3 | - | €17k | €20k | €34k | €18k | ▼ 46.4% |
| Other amounts payable47/48 | - | €12k | €12k | €11k | €11k | = |
| Accrued charges and deferred income492/3 | - | - | - | €60k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €13k | €43k | €49k | €51k | ▲ 4.1% |
| + Depreciation and write-downs630 | €142k | €15k | €15k | €15k | €15k | = |
| Operating cash flow (approximation) | €176k | €28k | €57k | €64k | €66k | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | €-55k | €0 | €0 | €0 | - |
| Change in cash | - | €-744 | €13k | €55k | €44k | ▼ 20.1% |
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
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 184 days late
2024
31-12
Financial
Equity above €200kEq €239k ▲27.2%
6 profitable years in a row build equity to €239k.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Equity above €150kEq €188k ▲35.3%
5 profitable years in a row build equity to €188k.
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 184 days late
2022
31-12
Financial
Equity above €100kEq €139k ▲44.3%
4 profitable years in a row build equity to €139k.
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €135k
Net result €135k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Mechelen · 1 establishment unit since 2015
Ground area
434 m²
Building footprint
96 m²
Parcel 12404G0661/00D000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Vijverstraat 3c, 2800 Mechelen
since 20152.241.094.631
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404G0661/00D000 | Flanders | 434 m² | 1 · 96 m² | - |
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.
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 695 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
Founded16-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.