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HLM services

Active
Private limited companyfounded 20233 yrs activeManebruggestraat 65, 2100 Antwerpen, BelgiumKBO/BCE: BE 0797.232.706
Summary

The computed 12-month bankruptcy probability of HLM services is 2.4% (moderate). The 2025 annual accounts show equity of €20,351 and a net result of €8,816. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 7930 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency85▲+6
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 1.76 in 2024; short-term debt: 40.4% and cash: 95% of total assets), and 40.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
59.6%
Return on assets
25.8%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
2 d early
2024
27 d early
2023
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 4 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

HLM services was incorporated on 16 January 2023 as a Private limited company.1 The registered office was moved to Antwerpen in 2026.2 Total assets fell from EUR 39,225 in 2023 to EUR 34,129 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 29-06-2026
  3. 3National Bank, annual accounts 2023 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€20,351▲ 76.4%
2024 · €11,535
Total assets
€34,129▲ 60.5%
2024 · €21,261
Net result
€8,816
2024 · -€5,329
Working capital
€19,380▲ 164%
2024 · €7,344
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€19,916--€5,229€11,491
Net result€15,864within the sector's middle half--€5,329below the sector's middle half€8,816within the sector's middle half
Equity€16,864below the sector's middle half-€11,535below the sector's middle half▼ 31.6%€20,351below the sector's middle half▲ 76.4%
Total assets€39,225below the sector's middle half-€21,261below the sector's middle half▼ 45.8%€34,129below the sector's middle half▲ 60.5%
Debt€22,362-€9,726▼ 56.5%€13,778▲ 41.7%
Working capital€9,452within the sector's middle half-€7,344within the sector's middle half▼ 22.3%€19,380within the sector's middle half▲ 164%
Solvency43.0%within the sector's middle half-54.3%within the sector's middle half▲ 11.3pp59.6%within the sector's middle half▲ 5.4pp
Current ratio1.42within the sector's middle half-1.76within the sector's middle half▲ 0.332.41within the sector's middle half▲ 0.65
Return on assets (ROA)40.4%above the sector's middle half--25.1%below the sector's middle half▼ 65.5pp25.8%above the sector's middle half▲ 50.9pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2023: €19,916€19,916Net result 2023: €15,864€15,864Operating result 2024: -€5,229-€5,229Net result 2024: -€5,329-€5,329Operating result 2025: €11,491€11,491Net result 2025: €8,816€8,816202320242025-€10,000€0€10,000€20,000Operating result 2023: €19,916€19,900Net result 2023: €15,864€15,900Operating result 2024: -€5,229-€5,230Net result 2024: -€5,329-€5,330Operating result 2025: €11,491€11,500Net result 2025: €8,816€8,820202320242025
The operating result returns to profit in 2025: €11,491 after a loss of €5,229 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,129
Fixed assets €971 ▼ 76.8%
Current assets €33,158 ▲ 94.3%
Equity and liabilities €34,129
Equity €20,351 ▲ 76.4%
Debt €13,778 ▲ 41.7%
Debt's share of the balance-sheet total falls from 45.7% to 40.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€14,711▲
2024 · -€2,009
Cash flow
€12,036▲
2024 · -€2,108
Debt to equity
0.68▼
2024 · 0.84
ROE
43.3%▲
2024 · -46.2%
Interest coverage
83.91▲
2024 · -20.20
Debt ≤ 1 year
€13,778▲
2024 · €9,726
Income taxes
€2,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€21,261€34,129▲
Fixed assets21/28€4,191€971▼
Tangible fixed assets22/27€4,191€971▼
Plant, machinery and equipment23€2,184€892▼
Furniture and vehicles24€2,008€79▼
Current assets29/58€17,069€33,158▲
Amounts receivable within one year40/41€349€726▲
Trade receivables40-€726
Other amounts receivable41€349-
Cash at bank and in hand54/58€16,132€32,432▲
Deferred charges and accrued income490/1€588-
Equity and liabilities
Total equity and liabilities10/49€21,261€34,129▲
Equity10/15€11,535€20,351▲
Contributions10/11€1,000€1,000=
Outside capital11-€1,000
Other1109/19-€1,000
Reserves13€10,535€19,351▲
Distributable reserves133€10,535€19,351▲
Amounts payable17/49€9,726€13,778▲
Amounts payable within one year42/48€9,726€13,778▲
Trade debts44€4,908€271▼
Suppliers440/4€4,908€271▼
Taxes, remuneration and social security45-€9,531
Taxes450/3-€4,755
Remuneration and social security454/9-€4,776
Other amounts payable47/48€4,817€3,976▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,220€3,220=
Other operating charges640/8€417€851▲
Gross operating margin9900-€1,591€15,562▲
Operating profit (loss)9901-€5,229€11,491▲
Financial charges65/66B€99€175▲
Recurring financial charges65€99€175▲
Profit (loss) for the period before taxes9903-€5,329€11,316▲
Income taxes67/77-€2,500
Profit (loss) for the period9904-€5,329€8,816▲
Profit (loss) for the period to be appropriated9905-€5,329€8,816▲
Appropriation of the result
Profit (loss) to be appropriated9906-€5,329€8,816▲
Transfer from equity791/2€5,329€10,535▲
Transfer to equity691/2-€19,351
To other reserves6921-€19,351

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,249€3,220€3,220=
Other operating charges640/8€707€417€851▲ 104%
Gross operating margin9900€22,872-€1,591€15,562▲ 1,078%
Operating profit (loss)9901€19,916-€5,229€11,491▲ 320%
Financial income75/76B€179---
Recurring financial income75€179---
Financial charges65/66B-€99€175▲ 76.3%
Recurring financial charges65-€99€175▲ 76.3%
Profit (loss) for the period before taxes9903€20,094-€5,329€11,316▲ 312%
Income taxes67/77€4,231-€2,500-
Profit (loss) for the period9904€15,864-€5,329€8,816▲ 265%
Profit (loss) for the period to be appropriated9905€15,864-€5,329€8,816▲ 265%
Line202320242025Change
Assets
Total assets20/58€39,225€21,261€34,129▲ 60.5%
Fixed assets21/28€7,412€4,191€971▼ 76.8%
Tangible fixed assets22/27€7,412€4,191€971▼ 76.8%
Plant, machinery and equipment23€3,476€2,184€892▼ 59.2%
Furniture and vehicles24€3,936€2,008€79▼ 96.1%
Current assets29/58€31,814€17,069€33,158▲ 94.3%
Amounts receivable within one year40/41€7,109€349€726▲ 108%
Trade receivables40€7,109-€726-
Other amounts receivable41-€349--
Cash at bank and in hand54/58€24,140€16,132€32,432▲ 101%
Deferred charges and accrued income490/1€565€588--
Equity and liabilities
Total equity and liabilities10/49€39,225€21,261€34,129▲ 60.5%
Equity10/15€16,864€11,535€20,351▲ 76.4%
Contributions10/11€1,000€1,000€1,000=
Outside capital11--€1,000-
Other1109/19--€1,000-
Reserves13€15,864€10,535€19,351▲ 83.7%
Distributable reserves133€15,864€10,535€19,351▲ 83.7%
Amounts payable17/49€22,362€9,726€13,778▲ 41.7%
Amounts payable within one year42/48€22,362€9,726€13,778▲ 41.7%
Trade debts44€2,311€4,908€271▼ 94.5%
Suppliers440/4€2,311€4,908€271▼ 94.5%
Taxes, remuneration and social security45€6,216-€9,531-
Taxes450/3€6,216-€4,755-
Remuneration and social security454/9--€4,776-
Other amounts payable47/48€13,836€4,817€3,976▼ 17.5%
Line202320242025Change
Profit (loss) for the period9904€15,864-€5,329€8,816▲ 265%
+ Depreciation and write-downs630€2,249€3,220€3,220=
Operating cash flow (approximation)€18,113-€2,108€12,036▲ 671%
Investment in fixed assets (approximation)-€0€0-
Change in cash--€8,008€16,300▲ 304%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
29-06
State Gazette act Registered office
Registered-office move2 facts ▸
  • Registered-office move, Manebruggestraat 65, 2100 Antwerpen
  • General meeting
2025
31-12
Financial Back to profitnet €8,816
Net result €8,816 after one loss-making year.
04-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€5,329
Net result drops to -€5,329, the lowest in the series; recovery starts the following year.
26-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
152 m²
Building footprint
79 m²
Volume, LiDAR
405 m³
Parcel 11345B0369/00K000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HLM services
Manebruggestraat 65, 2100 AntwerpenRepair, maintenance and installation of machinery and equipment
since 20232.341.220.308
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11345B0369/00K000 Flanders 152 m² 1 · 79 m² 7.5 m · 2 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.

Similar companies · same sector, comparable size

Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 7,235 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
Founded16-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail HLM_services@outlook.comAntwerpen
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797232706

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.