HKM Construct
ActiveThe computed 12-month bankruptcy probability of HKM Construct is 3.2% (moderate). The 2024 annual accounts show equity of €15k and a net result of €-9k. Equity is shrinking by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 9981 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-39
Solvency73▲+3
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.94 against 1.81 in 2023; short-term debt: 51.7% and cash: 4.2% of total assets), but 51.7% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
48.3%
Return on assets
-28.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
31 d late
2022
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€15k▼ 36.8%
2023 · €23k
2022: €23k
2023: €23k
2022 → 2024
Total assets
€30k▼ 41.6%
2023 · €52k
2022: €26k
2023: €52k
2022 → 2024
Net result
€-9k
2023 · €217
2022: €21k
2023: €217
2022 → 2024
Working capital
€15k▼ 36.8%
2023 · €23k
2022: €20k
2023: €23k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€23k-€23k▲ 0.9%€15k▼ 36.8%
Operating result€21k-€240▼ 98.9%€-3k
Net result€21k-€217▼ 99.0%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €240 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €30k
Equity
€15k▼ 36.8%
Debt
€16k▼ 45.5%
The debt ratio falls from 55.3% to 51.7%. Equity and debt are lower.
Key figures and ratios
Solvency
48.3%▲
2023 · 44.7%
Current ratio
1.94▲
2023 · 1.81
Quick ratio
1.93▲
2023 · 1.81
Debt / equity
1.07▼
2023 · 1.24
ROE
-58.3%▼
2023 · 0.9%
ROA
-28.2%▼
2023 · 0.4%
Debt
€16k▼
2023 · €29k
Debt ≤ 1 year
€16k▼
2023 · €29k
Income taxes
€5k
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€52k€30k▼
Current assets29/58€52k€30k▼
Stocks and contracts in progress3€12€12=
Stocks30/36€12€12=
Amounts receivable within one year40/41€37k€29k▼
Trade receivables40€34k€6k▼
Other amounts receivable41€3k€23k▲
Cash at bank and in hand54/58€15k€1k▼
Equity and liabilities
Total equity and liabilities10/49€52k€30k▼
Equity10/15€23k€15k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€21k€13k▼
Amounts payable17/49€29k€16k▼
Amounts payable within one year42/48€29k€16k▼
Trade debts44€9k€16k▲
Suppliers440/4€9k€3k▼
Bills of exchange payable441-€13k
Other amounts payable47/48€20k-
Income statement
Code20232024
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€2k€53▼
Gross operating margin9900€3k€-2k▼
Operating profit (loss)9901€240€-3k▼
Financial charges65/66B€23€59▲
Recurring financial charges65€23€59▲
Profit (loss) for the period before taxes9903€217€-3k▼
Income taxes67/77-€5k
Profit (loss) for the period9904€217€-9k▼
Profit (loss) for the period to be appropriated9905€217€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€13k▼
Profit (loss) brought forward from the previous period14P€21k€21k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-9k ▼4045%
Net result drops to €-9k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grimbergen · 1 establishment unit since 2021
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.
Kleinewinkellaan 64B1853 GrimbergenGround area
3,448 m²
Building footprint
267 m²
Volume, LiDAR
1,432 m³
Parcel 23084A0271/00V003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HKM Construct
since 20212.325.023.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0271/00V003 | Flanders | 3,448 m² | 1 · 267 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 29,803 companies in sector 41001 we hold annual accounts for 16,040. 10,626 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.