H.D.M.
ActiveH.D.M. has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €17k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 3614 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
98
/ 100
Excellent▲ +46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+71
Solvency96▼-4
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.88 against 2.67 in 2024), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.4%
Return on assets
8.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 10 filingsDeviation from the deadline
2025
10 d late
2024
34 d early
2023
22 d late
2022
26 d early
2021
31 d late
2020
30 d late
2019
69 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€121k▼ 2.4%
2024 · €124k
2018: €82k
2019: €92k
2020: €107k
2021: €192k
2022: €205k
2023: €175k
2024: €124k
2018 → 2025
Total assets
€200k▲ 9.6%
2024 · €182k
2018: €162k
2019: €173k
2020: €151k
2021: €282k
2022: €288k
2023: €226k
2024: €182k
2018 → 2025
Net result
€17k
2024 · €-52k
2018: €-2k
2019: €10k
2020: €15k
2021: €84k
2022: €14k
2023: €-30k
2024: €-52k
2018 → 2025
Working capital
€70k▼ 29.1%
2024 · €98k
2018: €31k
2019: €41k
2020: €58k
2021: €148k
2022: €165k
2023: €144k
2024: €98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€192k-€205k▲ 7.2%€175k▼ 14.7%€124k▼ 29.4%€121k▼ 2.4%
Operating result€112k-€25k▼ 78.0%€-26k€-47k▼ 79.7%€22k
Net result€84k-€14k▼ 83.8%€-30k€-52k▼ 70.8%€17k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €47k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200k
Fixed assets
€51k▲ 100%
Current assets
€149k▼ 5.2%
Equity and liabilities €200k
Equity
€121k▼ 2.4%
Debt
€79k▲ 34.7%
The debt ratio rises from 32.2% to 39.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€30k▲
2024 · €-35k
Cash flow
€26k▲
2024 · €-39k
Solvency
60.4%▼
2024 · 67.8%
Current ratio
1.88▼
2024 · 2.67
Quick ratio
1.74▼
2024 · 2.50
Debt / equity
0.66▲
2024 · 0.47
ROE
14.1%▲
2024 · -41.7%
ROA
8.5%▲
2024 · -28.3%
Interest coverage
5.75▲
2024 · -6.88
Debt
€79k▲
2024 · €59k
Debt ≤ 1 year
€79k▲
2024 · €59k
Income taxes
€251▼
2024 · €537
Staff costs
€215k▼
2024 · €231k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€182k€200k▲
Formation expenses20€0€0=
Fixed assets21/28€26k€51k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€25k€51k▲
Plant, machinery and equipment23€23k€49k▲
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€600€600=
Current assets29/58€157k€149k▼
Stocks and contracts in progress3€10k€11k▲
Stocks30/36€10k€11k▲
Amounts receivable within one year40/41€28k€26k▼
Trade receivables40-€174
Other amounts receivable41€28k€26k▼
Cash at bank and in hand54/58€116k€109k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€182k€200k▲
Equity10/15€124k€121k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€117k€97k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133€98k€78k▼
Profit (loss) carried forward14€-55k€-38k▲
Amounts payable17/49€59k€79k▲
Amounts payable within one year42/48€59k€79k▲
Trade debts44€27k€32k▲
Suppliers440/4€27k€32k▲
Taxes, remuneration and social security45€32k€27k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€26k€25k▼
Other amounts payable47/48-€20k
Income statement
Code20242025
Remuneration, social security and pensions62€231k€215k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8€6k€3k▼
Gross operating margin9900€202k€249k▲
Operating profit (loss)9901€-47k€22k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€-51k€17k▲
Income taxes67/77€537€251▼
Profit (loss) for the period9904€-52k€17k▲
Profit (loss) for the period to be appropriated9905€-52k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-38k▲
Profit (loss) brought forward from the previous period14P€-4k€-55k▼
Transfer from equity791/2-€20k
Profit to be distributed694/7-€20k
Return on contributions (dividend)694-€20k
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
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €205k ▲7.2%
4 profitable years in a row build equity to €205k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €84k ▲463%
Operating result €112k, net result €84k, both a record.
31-12
Financial
Equity above €150kEq €192k ▲78.9%
3 profitable years in a row build equity to €192k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €100kEq €107k ▲16.3%
2 profitable years in a row build equity to €107k.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Namur · 1 establishment unit since 1999
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 Borgnet 15000 NamurGround area
19 m²
Building footprint
31 m²
Volume, LiDAR
246 m³
Parcel 92094C0112/03_000, Wallonia · tallest building 18.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Borgnet 1, 5000 Namur
since 19992.091.370.874
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0112/03_000 | Wallonia | 19 m² | 1 · 31 m² | 18.6 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.091.370.874
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Of 20,234 companies in sector 56111 we hold annual accounts for 11,312. 9,252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-05-1999
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.