HDMH
ActiveHDMH has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €2k. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
96
/ 100
Excellent▲ +54 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▲+43
Solvency99▲+1
Growth48▲+22
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 2.09 in 2023), and 36% of the assets are financed with debt.
Credit advice 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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64%
Return on assets
5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-05-2025, 75 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
75 d early
2023
9 d late
2022
25 d late
2021
27 d late
2020
29 d late
2019
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€61k▲ 19.6%
2023 · €51k
2018: €66k
2019: €116k
2021: €146k
2022: €113k
2023: €51k
2018 → 2024
EBIT margin
3.3%▲ 70.0pp
2023 · -66.7%
2018: 0.3%
2019: -0.4%
2021: 7.1%
2022: -13.1%
2023: -66.7%
2018 → 2024
Net result
€2k
2023 · €-35k
2018: €125
2019: €-660
2020: €17k
2021: €8k
2022: €-15k
2023: €-35k
2018 → 2024
Working capital
€23k▲ 45.3%
2023 · €16k
2018: €17k
2019: €20k
2020: €45k
2021: €56k
2022: €49k
2023: €16k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€146k€113k▼ 22.7%€51k▼ 54.9%€61k▲ 19.6%
Equity€64k-€72k▲ 12.0%€57k▼ 20.8%€22k▼ 61.6%€24k▲ 8.5%
Operating result€21k-€10k▼ 50.1%€-15k€-34k▼ 129%€2k
Net result€17k-€8k▼ 54.5%€-15k€-35k▼ 135%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2k after a loss of €34k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €37k
Fixed assets
€2k▼ 66.5%
Current assets
€35k▲ 14.8%
Equity and liabilities €37k
Equity
€24k▲ 8.5%
Debt
€13k▼ 8.9%
The debt ratio falls from 40.1% to 36.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€6k▲
2023 · €-25k
Cash flow
€6k▲
2023 · €-26k
Solvency
64.0%▲
2023 · 59.9%
Current ratio
2.95▲
2023 · 2.09
Quick ratio
2.95▲
2023 · 2.09
Debt / equity
0.56▼
2023 · 0.67
ROE
7.9%▲
2023 · -160.7%
ROA
5.0%▲
2023 · -96.2%
Interest coverage
36.90▲
2023 · -239.44
Debt
€13k▼
2023 · €15k
Debt ≤ 1 year
€12k▼
2023 · €15k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€36k€37k▲
Fixed assets21/28€6k€2k▼
Tangible fixed assets22/27€6k€2k▼
Furniture and vehicles24€6k€2k▼
Current assets29/58€30k€35k▲
Amounts receivable within one year40/41€11k€10k▼
Trade receivables40€3k€4k▲
Other amounts receivable41€8k€6k▼
Cash at bank and in hand54/58€18k€24k▲
Deferred charges and accrued income490/1€1k€361▼
Equity and liabilities
Total equity and liabilities10/49€36k€37k▲
Equity10/15€22k€24k▲
Contributions10/11€57k€57k=
Reserves13€8k€8k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-43k€-41k▲
Amounts payable17/49€15k€13k▼
Amounts payable within one year42/48€15k€12k▼
Trade debts44€15k€11k▼
Suppliers440/4€15k€11k▼
Taxes, remuneration and social security45-€1k
Remuneration and social security454/9-€1k
Accrued charges and deferred income492/3€48€1k▲
Income statement
Code20232024
Turnover70€51k€61k▲
Goods, raw materials, services and sundry goods60/61€76k€55k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€4k▼
Other operating charges640/8€384€387▲
Gross operating margin9900€-25k€6k▲
Operating profit (loss)9901€-34k€2k▲
Financial income75/76B€71-
Recurring financial income75€71-
Financial charges65/66B€106€162▲
Recurring financial charges65€106€162▲
Profit (loss) for the period before taxes9903€-34k€2k▲
Income taxes67/77€957-
Profit (loss) for the period9904€-35k€2k▲
Profit (loss) for the period to be appropriated9905€-35k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-41k▲
Profit (loss) brought forward from the previous period14P€-8k€-43k▼
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
2026
21-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Director resignation3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Director resignation3 facts ▸
- General meeting, 2026-08-01
- Director appointment, Nathan Vanderroost Heddrich (administrateur)
- Director resignation, Melanie Heddrich (administrateur)
2025
17-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.31
Current ratio from 1.79 to 7.31; short-term debt falls from €25k to €7k.
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
22-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Nathan Vanderroost Heddrich
CurrentDirector · since 02-08-2026
02-08-2026
Nathan Vanderroost Heddrich: Appointed as Director
01-08-2026
HEDDRICH Melanie: Resigned as Director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2003
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.
Geleytsbeekstraat 1311180 UkkelGround area
2.0 ha
Building footprint
1,814 m²
Volume, LiDAR
49,736 m³
2 parcels, Brussels · tallest building 37.1 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
HDMH SPRL
since 20032.133.876.769
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0056/00P002 | Brussels | 1.9 ha | 1 · 1,729 m² | 37.0 m · 11 fl. |
| 21614E0239/00D002 | Brussels | 227 m² | 1 · 84 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,807 companies in sector 73110 we hold annual accounts for 3,724. 2,681 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-10-2003
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.