Checked.be
Active
BE 0658.734.720Private limited company
HD DENTAL
Rue du Gallois 4 ·6032 Charleroi, Belgium· 10 yrs active
Sector: Dental practice
(86230)
Conclusion
HD DENTAL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €834k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 98 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €21k |
| Net result | €834k |
| Staff (FTE) | 3.1 |
| Better than sector | 16% |
Financial profile
65
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
56
Profitability
100
Solvency
9
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2016, 10 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
56
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€1k
estimate, not credit advice
Score history
48
2022
56
2023
53
2024
56
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.85 (< 1.0)
-10
Leverage
Debt/equity 44.22 (> 3.0)
-10
Profitability
ROE 3886% (≥ 10%)
+10
Interest coverage
Interest coverage 1562.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 11-05-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~3.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 86, Human health activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.2% | 43.6% | |
| Net result | €834k | €49k | |
| Equity | €21k | €111k | |
| Gross operating margin | €1.28M | €159k | |
| Staff costs | €91k | €392k |
€1.19M
+12.1%
22-25
€834k
+13.5%
22-25
€919k
+11.9%
22-25
€970k
+7.3%
22-25
€21k
+4.9%
22-25
€-137k
+21.1%
22-25
3
+29.2%
22-25
€91k
+8.6%
22-25
€273k
+13.3%
22-25
€833k
+12.7%
22-25
€949k
+7.4%
22-25
€912k
+11.1%
22-25
€33k
-41.5%
22-25
0.85
+7.8%
22-25
0.85
+8.0%
22-25
2.2%
-2.3%
22-25
44.22
+2.4%
22-25
3886.5%
+8.2%
22-25
85.9%
+5.7%
22-25
1562.35
+54.0%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €1.19M | €1.06M | €884k | €851k |
| Net profit | €834k | €735k | €601k | €600k |
| Cash flow | €919k | €821k | €688k | €664k |
| Staff costs | €91k | €84k | €95k | €79k |
| Income taxes | €273k | €241k | €195k | €186k |
| Dividends | €833k | €739k | €600k | €600k |
| Total assets | €970k | €904k | €836k | €869k |
| Equity | €21k | €20k | €24k | €23k |
| Debt | €949k | €884k | €811k | €846k |
| of which ≤ 1y | €912k | €821k | €716k | €715k |
| of which > 1y | €33k | €57k | €86k | €116k |
| Working capital | €-137k | €-174k | €-214k | €-166k |
| Employees (FTE) | 3.1 | 2.4 | 2.3 | 2.1 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.85 | 0.79 | 0.70 | 0.77 |
| Quick ratio | 0.85 | 0.78 | 0.69 | 0.76 |
| Working capital ratio | -14.1% | -19.2% | -25.6% | -19.1% |
| Solvency | 2.2% | 2.3% | 2.9% | 2.6% |
| Debt / equity | 44.22 | 43.20 | 33.30 | 36.89 |
| Long-term debt ratio | 1.54 | 2.76 | 3.55 | 5.06 |
| Interest coverage | 1562.35 | 1014.71 | 731.29 | 580.96 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 85.9% | 81.3% | 72.0% | 69.0% |
| ROE | 3886.5% | 3592.4% | 2468.5% | 2614.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €970k | €904k | €836k | €869k |
| Fixed assets | 21/28 | €195k | €257k | €334k | €321k |
| Intangible fixed assets | 21 | €4k | €12k | €20k | €28k |
| Tangible fixed assets | 22/27 | €191k | €245k | €314k | €293k |
| Financial fixed assets | 28 | €25 | €25 | €25 | €25 |
| Current assets | 29/58 | €775k | €647k | €502k | €548k |
| Stocks & contracts in progress | 3 | €4k | €5k | €5k | €6k |
| Amounts receivable within one year | 40/41 | €33k | €8k | €9k | €7k |
| Cash & bank | 54/58 | €729k | €612k | €469k | €516k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €970k | €904k | €836k | €869k |
| Equity | 10/15 | €21k | €20k | €24k | €23k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €999 | €3 | €4k | €2k |
| Amounts payable | 17/49 | €949k | €884k | €811k | €846k |
| Amounts payable after one year | 17 | €33k | €57k | €86k | €116k |
| Amounts payable within one year | 42/48 | €912k | €821k | €716k | €715k |
| Trade debts payable within one year | 44 | €18k | €12k | €23k | €13k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.28M | €1.15M | €985k | €931k |
| Operating result | 9901 | €1.11M | €977k | €798k | €787k |
| Financial income | 75 | €2k | - | - | €0 |
| Financial charges | 65 | €763 | €1k | €1k | €1k |
| Result before taxes | 9903 | €1.11M | €976k | €797k | €786k |
| Income taxes | 67/77 | €273k | €241k | €195k | €186k |
| Net result for the period | 9904 | €834k | €735k | €601k | €600k |
| Result to be appropriated | 9905 | €834k | €735k | €601k | €600k |
Legal Structure
| NACE primary | Dental practice(86230) |
| Legal form | Private limited company(610) |
| Incorporation | 05-07-2016 |
| Status | Active |
| Postal code | 6032 |
Establishment units
HD Dental
since 20162.254.785.685
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52352B0170/00V000 | Wallonia | 2,846 m² | 1 · 150 m² | - |
| 52050A0544/00A006 | Wallonia | 273 m² | 1 · 59 m² | 11.2 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2022net €834k ▲13.5%
Operating result €1.11M, net result €834k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Dental practice86230
Names & trade names
| Legal nameFR | HD DENTAL |
| AbbreviationFR | HDD |
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