The computed 12-month bankruptcy probability of HM Belgium is 6.8% (elevated). The latest annual accounts of HM Belgium were filed more than 90 days after the deadline. The 2024 annual accounts show equity of €34.0m and a net result of €4.0m, of which €4.7m non-recurring income. Equity remains stable across the filed financial years (±0.3% per year). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
2024 accounts filed 598 days late2 of 8 deeds summarised
Signalsraises riskFigures for financial year 2024 (filed 23-05-2026)2 financial years not filed after the legal deadline; last filed accounts filed 599 days late; 3 of the last 3 lateLiquidity: current ratio 0.63, cash €198, halved2024 accounts filed 598 days latelowers riskSize: total assets €49.1mShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Filed more than 90 days late
Financial strength, FY 2024 · tick = 2023
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency94+1
equity 69.3% of total assets
Liquidity37+1
short-term debt 30.7% · cash 0.0%
Profitability58+22
return on assets 8.1%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
6.8%Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months11-2024: 2.6%lowest value12-2024: 3.9%▲ +1.3 percentage points vs 11-202401-2025: 3.6%▼ -0.3 percentage points vs 12-202402-2025: 4.4%▲ +0.8 percentage points vs 01-202503-2025: 5.6%▲ +1.2 percentage points vs 02-202504-2025: 5.6%● unchanged vs 03-202505-2025: 5.7%▲ +0.1 percentage points vs 04-202506-2025: 5.4%▼ -0.3 percentage points vs 05-202507-2025: 5.4%● unchanged vs 06-202508-2025: 5.3%▼ -0.1 percentage points vs 07-202509-2025: 5.3%● unchanged vs 08-202510-2025: 5.7%▲ +0.4 percentage points vs 09-202511-2025: 5.9%▲ +0.2 percentage points vs 10-202512-2025: 5.9%● unchanged vs 11-202501-2026: 5.9%● unchanged vs 12-202502-2026: 5.9%● unchanged vs 01-202603-2026: 5.9%● unchanged vs 02-202604-2026: 5.9%● unchanged vs 03-202605-2026: 7.7%▲ +1.8 percentage points vs 04-2026highest value06-2026: 5.4%▼ -2.3 percentage points vs 05-202607-2026: 6.4%▲ +1.0 percentage point vs 06-202608-2026: 6.4%● unchanged vs 07-202609-2026: 6.4%● unchanged vs 08-202610-2026: 6.8%▲ +0.4 percentage points vs 09-2026
The financial year that closed on 29-02-2024 was due by 30-09-2024 and was filed on 21-05-2026, 598 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
This company filed its last 7 accounts on average 607 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Annual accounts filedfinancial year 2024 · unclassified…
Reappointment: HLB Dodémont - Van Impe…Gazette deed
Reappointments: MESTRE Pierre (director) and DOUTRE…Amendment of the articles ·…
Key points
Caution: Latest accounts filed lateafter the legal deadline598 daysView
Positive: Back in profit in 2024after -€196,634 in 2023€4.0mView