HDS Technical Applications
ActiveSummary
HDS Technical Applications has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €-17k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 55% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▲+14
Solvency85▼-15
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 2.3 in 2023; short-term debt: 40.5% and cash: 8.6% of total assets), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.5%
Return on assets
-28.7%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-17k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
20 d early
2022
52 d early
2021
16 d early
2020
38 d early
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€36k▼ 32.5%
2023 · €53k
2018: €50k
2019: €63k
2020: €65k
2021: €73k
2022: €88k
2023: €53k
2018 → 2024
Total assets
€60k▼ 9.7%
2023 · €66k
2018: €105k
2019: €99k
2020: €84k
2021: €94k
2022: €115k
2023: €66k
2018 → 2024
Net result
€-17k▲ 50.6%
2023 · €-35k
2018: €17k
2019: €13k
2020: €2k
2021: €10k
2022: €14k
2023: €-35k
2018 → 2024
Working capital
€20k▲ 11.7%
2023 · €18k
2018: €-28k
2019: €-16k
2020: €-2k
2021: €22k
2022: €49k
2023: €18k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€73k▲ 13.2%€88k▲ 19.1%€53k▼ 39.7%€36k▼ 32.5%
Operating result€-2k-€14k€21k▲ 54.2%€-33k€-17k▲ 46.2%
Net result€2k-€10k▲ 348%€14k▲ 38.4%€-35k€-17k▲ 50.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €33k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€16k ▼ 54.5%
Current assets
€44k ▲ 41.2%
Equity and liabilities €60k
Equity
€36k ▼ 32.5%
Debt
€24k ▲ 79.6%
Debt's share of the balance-sheet total rises from 20.4% to 40.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2k▲
2023 · €-14k
Cash flow
€2k▲
2023 · €-17k
Current ratio
1.81▼
2023 · 2.30
Debt to equity
0.68▲
2023 · 0.26
ROE
-48.2%▲
2023 · -65.8%
ROA
-28.7%▲
2023 · -52.4%
Interest coverage
1.67▲
2023 · -5.95
Debt ≤ 1 year
€24k▲
2023 · €13k
Income taxes
€188=
2023 · €188
Staff costs
€629
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€66k€60k▼
Fixed assets21/28€35k€16k▼
Intangible fixed assets21€21k€6k▼
Tangible fixed assets22/27€14k€10k▼
Plant, machinery and equipment23€976€575▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26€10k€8k▼
Current assets29/58€31k€44k▲
Amounts receivable within one year40/41€15k€37k▲
Trade receivables40€9k€30k▲
Other amounts receivable41€7k€7k▼
Cash at bank and in hand54/58€12k€5k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€66k€60k▼
Equity10/15€53k€36k▼
Contributions10/11€6k€6k=
Reserves13€35k€35k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€12k€-5k▼
Amounts payable17/49€13k€24k▲
Amounts payable within one year42/48€13k€24k▲
Financial debts43€438€0▼
Credit institutions430/8€438€0▼
Trade debts44€2k€15k▲
Suppliers440/4€2k€15k▲
Taxes, remuneration and social security45€10k€6k▼
Taxes450/3€10k€6k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€652€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€629
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€1k€873▼
Gross operating margin9900€-13k€3k▲
Operating profit (loss)9901€-33k€-17k▲
Financial income75/76B€379€2k▲
Recurring financial income75€379€2k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-35k€-17k▲
Income taxes67/77€188€188=
Profit (loss) for the period9904€-35k€-17k▲
Profit (loss) for the period to be appropriated9905€-35k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-5k▼
Profit (loss) brought forward from the previous period14P€47k€12k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-35k ▼347%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.04
Current ratio from 0.88 to 2.04.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
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, Bornem · 1 establishment unit since 2015
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.
Omgangstraat(MAR) 322880 BornemGround area
426 m²
Building footprint
157 m²
Volume, LiDAR
1,315 m³
Parcel 12024A0279/00Z000, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Omgangstraat(MAR) 32, 2880 Bornem
since 20152.239.766.028
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12024A0279/00Z000 | Flanders | 425 m² | 1 · 157 m² | 13.3 m · 3 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.
Similar companies · same sector, comparable size
EDM
BE 0809.385.321
Hasselt · Eq €35,659
Lmbe
BE 0688.811.450
Aartselaar · Eq €35,424
T-Right
BE 0793.579.665
Hasselt · Eq €35,344
RENAAT GOEMAERE MANAGMENTVENNOOTSCHAP
BE 0793.597.085
Wervik · Eq €35,888
AS-Best GJ
BE 0794.288.359
Maasmechelen · Eq €35,182
Of 2,145 companies in sector 71209 we hold annual accounts for 1,086. 741 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 formPrivate limited company
Founded12-02-2015
Fiscal year end31-12
Trade name NL
HDS of HDS tech.App
Activities, NACEBEL 2025
71209Other technical testing and analysis
33200Installation of industrial machinery and equipment
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.