Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
HBDG from Farciennes, company number BE0682765182, closed financial year 2025 with a result of € -1,360 after tax. For that financial year HBDG recorded a gross margin of € 26,739 and equity of € 752. Compared with financial year 2024, the result moved from € -7,408 to € -1,360. The company made a loss. The buffer shrank hard: equity is 64 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 752
▼ 64% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,360
▲ 82 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,068
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -99,248.
Debts at end 2025
€ 354,433
▼ 5% vs 2024
€ 24,936 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1,374
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 36,663 | - | - | - | |
| Gross margin | € 29,234 | € 28,314 | € 25,030 | € 26,739 | ▲ 7% |
| Profit after taxes | € -4,225 | € -3,278 | € -7,408 | € -1,360 | ▲ € 6,047 |
| Equity | € 12,798 | € 9,521 | € 2,113 | € 752 | ▼ 64% |
| Total debts | € 464,657 | € 453,205 | € 444,580 | € 415,061 | ▼ 7% |
| Cash | € 1,124 | € 4,146 | € 3,581 | € 3,068 | ▼ 14% |
| Land & buildings | € 458,853 | € 441,856 | € 426,388 | € 410,921 | ▼ 4% |
| Retained profit | € -87,202 | € -90,479 | € -97,887 | € -99,248 | ▼ € 1,360 |
| Bank debt | € 412,746 | € 391,276 | € 375,056 | € 354,433 | ▼ 5% |
| Balance sheet total | € 477,456 | € 462,726 | € 446,693 | € 415,814 | ▼ 7% |
Key figures of HBDG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HBDG?
What happened at HBDG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,360. Source: NBB ↗
- David Grasso became a director. NBB
- New establishment in Farciennes. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,225 loss in 2022 to € 1,360 loss in 2025.
Management
Behind HBDG is David Grasso.
Directors
According to the 2025 annual accounts
David Grasso
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Grand-Place(FAR) 24
6240 Farciennes
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0682.765.182
- VAT number
- BE 0682.765.182
- Registered office
- Grand-Place(FAR) 24, 6240 Farciennes
- Names & denominations
- HBDG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 October 2017
- Peppol
- Not registered