Financials
- Fiscal year
- 2025
- Total assets
- €464,457
- Loss
- -€684
- Solvency
- 8.1%
Total assets▲ 77.6%
Net result
20212025
HGMN
ActiveSummary
The computed 12-month bankruptcy probability of HGMN is 2.1% (moderate). The 2025 annual accounts show equity of €37,505 and a net result of -€684. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 21% of 5080 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Freight transport by road
NACE 49410
1 site
Size
€464,457total assets 2025
- Equity
- €37,505
- Loss
- -€684
Structure
Accounts on time0 of 2 deeds read
Why 53- Sector Land transport and transport via pipelines (NACE 49)- 1 of the last 3 late- Founded in 2020+ Size: total assets €464,457Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 34% of its sector peers (NACE 49, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
33-7
equity 8.1% of total assets
Liquidity
50-16
short-term debt 39.5% · cash 14.7%
Profitability
56-20
return on assets -0.1%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 17 months
06-2025: 9.9%
07-2025: 10.5%▲ +5.8% vs 06-2025highest value
08-2025: 3.6%▼ -65.3% vs 07-2025
09-2025: 3.6%● 0.0% vs 08-2025
10-2025: 3.7%▲ +1.6% vs 09-2025
11-2025: 3.6%▼ -1.3% vs 10-2025
12-2025: 3.6%● 0.0% vs 11-2025
01-2026: 2.6%▼ -27.8% vs 12-2025
02-2026: 2.7%▲ +1.0% vs 01-2026
03-2026: 2.6%▼ -3.1% vs 02-2026
04-2026: 2.6%▲ +1.2% vs 03-2026
05-2026: 2.7%▲ +2.3% vs 04-2026
06-2026: 2.6%▼ -1.2% vs 05-2026
07-2026: 2.6%▲ +0.3% vs 06-2026
08-2026: 2.4%▼ -8.3% vs 07-2026
09-2026: 2.4%▲ +0.7% vs 08-2026
10-2026: 2.1%▼ -14.6% vs 09-2026lowest value
- Sector Land transport and transport via pipelines (NACE 49) raises the probability
- 1 of the last 3 late raises the probability
- Founded in 2020 raises the probability for this profile
- Size: total assets €464,457 lowers the probability for this profile
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.79 against 1.11 in 2024; short-term debt: 39.5% and cash: 14.7% of total assets), and 91.9% 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 49, micro). Better than this share of them on solvency 20%, liquidity 51%, profitability 30%, growth against the median 33%. 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 5080 sector peers (2025).
NBB · sector comparisonPosition among 5080 sector peers
Solvency
better than 21%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
31 d late
2022
102 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 32 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €15,447
Key points
By topic
Timeline
- Events
- 7
- Since
- 2022
- Next accounts
- by 31-07-2027
- 31-07-2026Annual accounts filed
- 28-07-2025Annual accounts filed
- 31-12-2024Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 15-07-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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