HAMODE
ActiveSummary
HAMODE has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €59,283. Equity remains stable across the filed financial years (±2.4% per year). Its solvency ranks better than 72% of 11,191 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €1.4m
- Profit
- €59,283
- Werner HOESDirector
Why 95raises riskLiquidity: current ratio 0.59, cash €47,290lowers riskSize: total assets €2.4mFigures for financial year 2025 (filed 21-07-2026)Founded in 1985Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 74% on solvency, 29% on liquidity, 60% on profitability and 62% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €59,283
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €64,551 after a loss of €43,555 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,904 | €38,545 | €38,545 | €36,581 | €35,580 | €25,187 | €24,305 | €24,305 | = |
| Other operating charges640/8 | - | - | - | €18,213 | €15,499 | €11,286 | €102,705 | €18,511 | ▼ 82.0% |
| Gross operating margin9900 | -€618,546 | €78,188 | €50,820 | €61,587 | €76,941 | €85,037 | €83,455 | €107,366 | ▲ 28.7% |
| Operating profit (loss)9901 | -€704,416 | €24,384 | -€12,765 | €6,794 | €25,861 | €48,564 | -€43,555 | €64,551 | - |
| Financial income75/76B | - | - | - | €171 | €266 | €256 | €309 | €1,575 | ▲ 410% |
| Recurring financial income75 | €6,229 | €20 | €90 | €171 | €266 | €256 | €309 | €1,575 | ▲ 410% |
| Financial charges65/66B | - | - | - | €9,207 | €11,483 | €13,483 | €51,711 | €18,487 | ▼ 64.2% |
| Recurring financial charges65 | €9,759 | €11,143 | €17,370 | €9,207 | €11,483 | €13,483 | €51,711 | €18,487 | ▼ 64.2% |
| Profit (loss) for the period before taxes9903 | -€707,945 | €13,261 | -€30,045 | -€2,243 | €14,644 | €35,337 | -€94,957 | €47,639 | - |
| Income taxes67/77 | €654 | €391 | €317 | €163 | - | - | €180,405 | -€11,644 | - |
| Profit (loss) for the period9904 | -€708,599 | €12,870 | -€30,362 | -€2,406 | €14,644 | €35,337 | -€275,362 | €59,283 | - |
| Profit (loss) for the period to be appropriated9905 | -€708,599 | €12,870 | -€30,362 | -€2,406 | €14,644 | €35,337 | -€275,362 | €59,283 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | €1.9m | €2.3m | €2.4m | ▲ 0.7% |
| Fixed assets21/28 | €2.1m | €2.0m | €2.0m | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 1.3% |
| Tangible fixed assets22/27 | €2.1m | €2.0m | €2.0m | €2.0m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 1.3% |
| Land and buildings22 | - | - | - | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 1.3% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.001m | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €222 | - | - | - | - | - |
| Financial fixed assets28 | €243 | €243 | €243 | €243 | €243 | €243 | €243 | €243 | = |
| Current assets29/58 | €0.1m | €0.04m | €0.03m | €0.02m | €0.01m | €0.02m | €0.5m | €0.5m | ▲ 9.0% |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0.01m | €0.01m | €0.01m | €0.01m | €0.5m | €0.5m | ▲ 0.4% |
| Trade receivables40 | - | - | - | €0.004m | €144 | €144 | €144 | €144 | = |
| Other amounts receivable41 | - | - | - | €0.008m | €0.01m | €0.01m | €0.5m | €0.5m | ▲ 0.4% |
| Cash at bank and in hand54/58 | €0.006m | €0.001m | €0.008m | €0.008m | €0.002m | €0.006m | €0.007m | €0.05m | ▲ 539% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €193 | €248 | €309 | €358 | ▲ 15.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.1m | €2.0m | €2.0m | €1.9m | €1.9m | €2.3m | €2.4m | ▲ 0.7% |
| Equity10/15 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 4.5% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.8m | €0.8m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | -€1.0m | -€1.0m | -€1.0m | -€1.0m | -€1.0m | -€1.0m | -€1.3m | -€1.2m | ▲ 4.7% |
| Amounts payable17/49 | €1.1m | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €1.0m | €1.0m | ▼ 4.1% |
| Amounts payable after more than one year17 | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 33.4% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 33.4% |
| Amounts payable within one year42/48 | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.8m | €0.9m | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.05m | €0.05m | €0.06m | ▲ 1.3% |
| Trade debts44 | €0.3m | €0.3m | €0.3m | €0.3m | €0.002m | €0.001m | €0.002m | - | - |
| Suppliers440/4 | - | - | - | €0.3m | €0.002m | €0.001m | €0.002m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.5m | €0.5m | €0.8m | €0.8m | ▲ 1.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.007m | €0.009m | €0.01m | €0.02m | ▲ 61.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€708,599 | €12,870 | -€30,362 | -€2,406 | €14,644 | €35,337 | -€275,362 | €59,283 | - |
| + Depreciation and write-downs630 | €40,904 | €38,545 | €38,545 | €36,581 | €35,580 | €25,187 | €24,305 | €24,305 | = |
| Operating cash flow (approximation) | -€667,695 | €51,415 | €8,183 | €34,174 | €50,224 | €60,524 | -€251,057 | €83,588 | - |
| Investment in fixed assets (approximation) | - | €44,090 | €0 | €0 | €0 | -€2,503 | €0 | €0 | - |
| Change in cash | - | -€4,984 | €7,608 | -€211 | -€6,648 | €4,709 | €1,075 | €39,885 | ▲ 37× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-07-2026 | 2026-00313710 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00195343 |
| 31-12-2023 | micro format | 27-06-2024 | 2024-00182340 |
| 31-12-2022 | micro format | 19-12-2023 | 2023-00530713 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20105831 |
| 31-12-2020 | abbreviated format | 21-07-2021 | 2021-39200037 |
| 31-12-2019 | abbreviated format | 11-09-2020 | 2020-52800300 |
| 31-12-2018 | abbreviated format | 31-08-2019 | 2019-61700165 |
| 31-12-2017 | abbreviated format | 27-08-2018 | 2018-53600066 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58500313 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Werner HOES |
|
Owners and capital
Capital and shareholders
- 21-06-2024 Capital stated in the deed · €322,261.58 · 11,230 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-06
Gazette deed
Amendment of the articles · Resignations & appointmentsCapital · Power of attorney7 facts ▸
- General meeting, 11-06-2024
- Amendment of the articles (2 times)
- Amendment of the articles, 15
- Other provision, “ontslagen en benoemingen, verwijst naar eerder genomen beslissingen” (deed in Dutch)
- Capital, €322,261.58
- Other provision, “UBO-register informatieplicht, op de hoogte van verplichting bestuurder(s) binnen maand na oprichting nodige te doen voor mededeling uiteindelijke begunstigde(n…” (deed in Dutch)
- Power of attorney, Yasmine FAGARD
02-01
Gazette deed
Appointment: Werner HOES (director)2 facts ▸
- General meeting, 12-12-2023
- Director appointment, Werner HOES (director)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
General meetings
1 meeting noticeScores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71022H0388/00B000 | Flanders | 675 m² | 1 · 296 m² | 12.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HAMODE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoeming op agenda eerstvolgende algemene vergadering, blijft in functie zolang algemene vergadering niet in vacature voorziet” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 14:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meer vereffenaars, ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)