Financials
- Fiscal year
- 2024
- Total assets
- €721,442
- Profit
- €13,412
- Solvency
- 40.9%
Total assets▼ 4.5%
Net result
20182024
H M D
ActiveSummary
The computed 12-month bankruptcy probability of H M D is 1.5% (moderate). The 2024 annual accounts show equity of €295,173 and a net result of €13,412. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 807 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Artisanal bread and fresh pastry making
NACE 10712NACE 15812
1 site
Size
€721,442total assets 2024
- Staff
- 4.8 FTE
- Equity
- €295,173
- Profit
- €13,412
Turnover not published (abridged schema)
Structure
Accounts 63 d overdue0 of 1 deed read
Why 64- Figures for FY 2024 (filed 02-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 2 of the last 3 late+ Founded in 2006+ Liquidity: current ratio 1.67, cash €127,625Show the evidence
Checked score
Score 2024
64
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 55% of its sector peers (NACE 10, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
66+4
equity 40.9% of total assets
Liquidity
64-9
short-term debt 23.4% · cash 17.7%
Profitability
71+1
return on assets 1.9%
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 0.6%
08-2025: 0.9%▲ +63.5% vs 07-2025
09-2025: 1.1%▲ +13.0% vs 08-2025
10-2025: 1.3%▲ +26.2% vs 09-2025
11-2025: 0.6%▼ -54.1% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.6%▼ -0.7% vs 12-2025
02-2026: 0.6%● 0.0% vs 01-2026
03-2026: 0.6%▼ -3.0% vs 02-2026
04-2026: 0.6%▼ -5.1% vs 03-2026
05-2026: 0.6%▼ -0.7% vs 04-2026lowest value
06-2026: 0.6%▲ +3.2% vs 05-2026
07-2026: 0.6%▲ +11.5% vs 06-2026
08-2026: 1.1%▲ +67.6% vs 07-2026
09-2026: 1.2%▲ +12.8% vs 08-2026
10-2026: 1.5%▲ +24.6% vs 09-2026highest value
- Figures for FY 2024 (filed 02-10-2025) raises the probability
- Founded in 2006 lowers the probability for this profile
- Liquidity: current ratio 1.67, cash €127,625 lowers the probability
- 1 financial year not filed after the legal deadline; latest accounts 60 days late; 2 of the last 3 late raises the probability
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.32 in 2023; short-term debt: 23.4% and cash: 17.7% of total assets), but 59.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, micro). Better than this share of them on solvency 58%, liquidity 68%, profitability 47%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
30 d late
2022
60 d late
2021
31 d late
2020
60 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 56 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
- Annual accounts filedfiscal year 2022 · abbreviated…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2016
- 29-09-2025Annual accounts filed
- 30-08-2024Annual accounts filed
- 29-09-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Artisanal bread and fresh pastry makingNACE 10712
- Founded
- 24-03-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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