HB MANAGEMENT
ActiveSummary
HB MANAGEMENT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €58k. Its solvency ranks better than 37% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-3
Solvency65▲+9
Growth78
Track record82
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 0.85 in 2024; short-term debt: 60.3% and cash: 11.2% of total assets), and 60.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
39.7%
Return on assets
22.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
18 d early
2024
60 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€104k▲ 126%
2024 · €46k
2024: €46k
2025: €104k▲ +126% vs 2024
2024 → 2025
Total assets
€261k▲ 73.9%
2024 · €150k
2024: €150k
2025: €261k▲ +73.9% vs 2024
2024 → 2025
Net result
€58k▲ 60.5%
2024 · €36k
2024: €36k
2025: €58k▲ +60.5% vs 2024
2024 → 2025
Working capital
€23k
2024 · €-16k
2024: €-16k
2025: €23k▲ +245% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€46k-€104k▲ 126%
2024: €46k
2025: €104k▲ +126% vs 2024
Operating result€48k-€75k▲ 54.7%
2024: €48k
2025: €75k▲ +54.7% vs 2024
Net result€36k-€58k▲ 60.5%
2024: €36k
2025: €58k▲ +60.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 55% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €261k
Fixed assets
€81k ▲ 31.4%
Current assets
€180k ▲ 104%
Equity and liabilities €261k
Equity
€104k ▲ 126%
Debt
€157k ▲ 51.1%
Debt's share of the balance-sheet total falls from 69.4% to 60.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▲
2024 · €48k
Cash flow
€63k▲
2024 · €36k
Current ratio
1.14▲
2024 · 0.85
Debt to equity
1.52▼
2024 · 2.27
ROE
55.7%▼
2024 · 78.3%
ROA
22.1%▼
2024 · 24.0%
Interest coverage
293.67▼
2024 · 535.83
Debt ≤ 1 year
€157k▲
2024 · €104k
Income taxes
€17k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€150k€261k▲
Fixed assets21/28€62k€81k▲
Tangible fixed assets22/27€2k€21k▲
Furniture and vehicles24€2k€21k▲
Financial fixed assets28€60k€60k=
Current assets29/58€89k€180k▲
Amounts receivable within one year40/41€39k€151k▲
Trade receivables40€38k€71k▲
Other amounts receivable41€295€80k▲
Cash at bank and in hand54/58€37k€29k▼
Deferred charges and accrued income490/1€13k€180▼
Equity and liabilities
Total equity and liabilities10/49€150k€261k▲
Equity10/15€46k€104k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€36k€94k▲
Amounts payable17/49€104k€157k▲
Amounts payable within one year42/48€104k€157k▲
Trade debts44€57k€81k▲
Suppliers440/4€57k€81k▲
Taxes, remuneration and social security45€17k€44k▲
Taxes450/3€17k€44k▲
Other amounts payable47/48€30k€32k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104€5k▲
Other operating charges640/8€387€539▲
Gross operating margin9900€49k€81k▲
Operating profit (loss)9901€48k€75k▲
Financial charges65/66B€90€273▲
Recurring financial charges65€90€273▲
Profit (loss) for the period before taxes9903€48k€74k▲
Income taxes67/77€12k€17k▲
Profit (loss) for the period9904€36k€58k▲
Profit (loss) for the period to be appropriated9905€36k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€94k▲
Profit (loss) brought forward from the previous period14P-€36k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104 | €5k | ▲ 5,047% |
| Other operating charges640/8 | €387 | €539 | ▲ 39.3% |
| Gross operating margin9900 | €49k | €81k | ▲ 65.3% |
| Operating profit (loss)9901 | €48k | €75k | ▲ 54.7% |
| Financial charges65/66B | €90 | €273 | ▲ 202% |
| Recurring financial charges65 | €90 | €273 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | €48k | €74k | ▲ 54.5% |
| Income taxes67/77 | €12k | €17k | ▲ 36.7% |
| Profit (loss) for the period9904 | €36k | €58k | ▲ 60.5% |
| Profit (loss) for the period to be appropriated9905 | €36k | €58k | ▲ 60.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €150k | €261k | ▲ 73.9% |
| Fixed assets21/28 | €62k | €81k | ▲ 31.4% |
| Tangible fixed assets22/27 | €2k | €21k | ▲ 1,182% |
| Furniture and vehicles24 | €2k | €21k | ▲ 1,182% |
| Financial fixed assets28 | €60k | €60k | = |
| Current assets29/58 | €89k | €180k | ▲ 104% |
| Amounts receivable within one year40/41 | €39k | €151k | ▲ 289% |
| Trade receivables40 | €38k | €71k | ▲ 83.4% |
| Other amounts receivable41 | €295 | €80k | ▲ 27,111% |
| Cash at bank and in hand54/58 | €37k | €29k | ▼ 21.6% |
| Deferred charges and accrued income490/1 | €13k | €180 | ▼ 98.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €150k | €261k | ▲ 73.9% |
| Equity10/15 | €46k | €104k | ▲ 126% |
| Contributions10/11 | €10k | €10k | = |
| Profit (loss) carried forward14 | €36k | €94k | ▲ 160% |
| Amounts payable17/49 | €104k | €157k | ▲ 51.1% |
| Amounts payable within one year42/48 | €104k | €157k | ▲ 51.1% |
| Trade debts44 | €57k | €81k | ▲ 40.7% |
| Suppliers440/4 | €57k | €81k | ▲ 40.7% |
| Taxes, remuneration and social security45 | €17k | €44k | ▲ 160% |
| Taxes450/3 | €17k | €44k | ▲ 160% |
| Other amounts payable47/48 | €30k | €32k | ▲ 8.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €36k | €58k | ▲ 60.5% |
| + Depreciation and write-downs630 | €104 | €5k | ▲ 5,047% |
| Operating cash flow (approximation) | €36k | €63k | ▲ 74.9% |
| Investment in fixed assets (approximation) | - | €-25k | - |
| Change in cash | - | €-8k | - |
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €104k ▲126%
2 profitable years in a row build equity to €104k.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 2024
Ground area
413 m²
Building footprint
197 m²
Volume, LiDAR
2,482 m³
Parcel 21363B0354/00M005, Brussels · tallest building 31.9 m, ±4 floors. Linked by address, not a title deed.
103
companies at this address
See who is registered here
1 establishment unit
HB Management
since 20242.358.078.314
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0354/00M005 | Brussels | 413 m² | 1 · 197 m² | 31.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,649 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2024
Fiscal year end31-12
Trade name FR
UPERMIND
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.