HANDMAN
ActiveSummary
HANDMAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €389,927 and a net result of €79,038. Equity is growing by ~7.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 7 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.0% |
| 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% 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,024 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,799 | €16,370 | €10,756 | €10,525 | €53,643 | ▲ 410% |
| Other operating charges640/8 | - | €956 | €987 | €814 | €2,481 | ▲ 205% |
| Gross operating margin9900 | €52,427 | €51,791 | €47,719 | €46,036 | €160,763 | ▲ 249% |
| Operating profit (loss)9901 | €29,730 | €33,442 | €35,976 | €34,697 | €104,639 | ▲ 202% |
| Financial income75/76B | - | €8,952 | €12,289 | €10,020 | €9,299 | ▼ 7.2% |
| Recurring financial income75 | €10,330 | €8,952 | €12,289 | €10,020 | €9,299 | ▼ 7.2% |
| Financial charges65/66B | - | €313 | €231 | €145 | €1,500 | ▲ 932% |
| Recurring financial charges65 | €366 | €313 | €231 | €145 | €1,500 | ▲ 932% |
| Profit (loss) for the period before taxes9903 | €39,694 | €42,082 | €48,034 | €44,572 | €112,438 | ▲ 152% |
| Transfer from deferred taxes780 | - | €419 | €419 | €419 | €419 | = |
| Income taxes67/77 | €11,745 | €13,108 | €14,165 | €14,231 | €33,819 | ▲ 138% |
| Profit (loss) for the period9904 | €28,368 | €29,393 | €34,288 | €30,760 | €79,038 | ▲ 157% |
| Transfer from tax-exempt reserves789 | - | €813 | €813 | €813 | €813 | = |
| Profit (loss) for the period to be appropriated9905 | €29,181 | €30,206 | €35,101 | €31,573 | €79,851 | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €329,020 | €351,734 | €385,815 | €391,403 | €687,974 | ▲ 75.8% |
| Fixed assets21/28 | €197,226 | €183,407 | €181,684 | €172,507 | €471,531 | ▲ 173% |
| Intangible fixed assets21 | - | - | - | - | €270,000 | - |
| Tangible fixed assets22/27 | €197,026 | €182,320 | €180,597 | €171,420 | €200,443 | ▲ 16.9% |
| Land and buildings22 | - | €181,314 | €178,780 | €168,718 | €158,656 | ▼ 6.0% |
| Plant, machinery and equipment23 | - | - | - | - | €32,456 | - |
| Furniture and vehicles24 | - | €172 | €1,817 | €2,702 | €7,691 | ▲ 185% |
| Other tangible fixed assets26 | - | €834 | - | - | €1,640 | - |
| Financial fixed assets28 | €200 | €1,088 | €1,088 | €1,088 | €1,088 | = |
| Current assets29/58 | €131,794 | €168,327 | €204,131 | €218,896 | €216,443 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €127,396 | €157,862 | €198,662 | €183,366 | €170,359 | ▼ 7.1% |
| Trade receivables40 | - | - | - | €37,750 | €43,345 | ▲ 14.8% |
| Other amounts receivable41 | - | €157,862 | €198,662 | €145,616 | €127,013 | ▼ 12.8% |
| Current investments50/53 | - | - | - | €30,040 | €29,453 | ▼ 2.0% |
| Cash at bank and in hand54/58 | €2,994 | €8,401 | €2,762 | €2,846 | €12,584 | ▲ 342% |
| Deferred charges and accrued income490/1 | - | €2,064 | €2,707 | €2,644 | €4,047 | ▲ 53.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €329,020 | €351,734 | €385,815 | €391,403 | €687,974 | ▲ 75.8% |
| Equity10/15 | €291,668 | €321,061 | €330,349 | €332,809 | €389,927 | ▲ 17.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €270,944 | €300,337 | €309,524 | €310,410 | €364,677 | ▲ 17.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €22,230 | €21,417 | €20,603 | €19,790 | ▼ 3.9% |
| Distributable reserves133 | - | €276,247 | €286,247 | €289,807 | €344,887 | ▲ 19.0% |
| Profit (loss) carried forward14 | €2,124 | €2,124 | €2,225 | €3,799 | €6,650 | ▲ 75.1% |
| Provisions and deferred taxes16 | €11,865 | €11,447 | €11,028 | €10,609 | €10,190 | ▼ 3.9% |
| Deferred taxes168 | - | €11,447 | €11,028 | €10,609 | €10,190 | ▼ 3.9% |
| Amounts payable17/49 | €25,486 | €19,226 | €44,438 | €47,985 | €287,857 | ▲ 500% |
| Amounts payable after more than one year17 | €4,521 | - | - | - | €1,559 | - |
| Financial debts170/4 | - | - | - | - | €1,559 | - |
| Amounts payable within one year42/48 | €20,618 | €18,879 | €44,091 | €47,985 | €286,297 | ▲ 497% |
| Current portion of amounts payable after more than one year42 | - | €8,271 | - | - | €9,294 | - |
| Financial debts43 | - | - | €3,750 | €3,750 | €10,000 | ▲ 167% |
| Credit institutions430/8 | - | - | €3,750 | €3,750 | €10,000 | ▲ 167% |
| Trade debts44 | €2,241 | - | €3,675 | €3,630 | €6,348 | ▲ 74.9% |
| Suppliers440/4 | - | - | €3,675 | €3,630 | €6,348 | ▲ 74.9% |
| Taxes, remuneration and social security45 | - | €10,608 | €11,665 | €12,305 | €24,336 | ▲ 97.8% |
| Taxes450/3 | - | €10,608 | €11,665 | €12,305 | €24,336 | ▲ 97.8% |
| Other amounts payable47/48 | - | - | €25,000 | €28,300 | €236,320 | ▲ 735% |
| Accrued charges and deferred income492/3 | - | €348 | €348 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,368 | €29,393 | €34,288 | €30,760 | €79,038 | ▲ 157% |
| + Depreciation and write-downs630 | €20,799 | €16,370 | €10,756 | €10,525 | €53,643 | ▲ 410% |
| Operating cash flow (approximation) | €49,168 | €45,762 | €45,043 | €41,285 | €132,681 | ▲ 221% |
| Investment in fixed assets (approximation) | - | -€2,551 | -€9,033 | -€1,348 | -€352,667 | ▼ 26,062% |
| Change in cash | - | €5,407 | -€5,639 | €84 | €9,738 | ▲ 11,489% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52045A0280/00L019 | Wallonia | 1,389 m² | 1 · 260 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Company details
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Register as of 1 October 2026 · Peppol Directory
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