HM MANAGEMENT
ActiveHM MANAGEMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €584k and a net result of €39k. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 53% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-19
Solvency71▼-29
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.62 against 2.06 in 2024; short-term debt: 45.4% and cash: 16.5% of total assets), and 53.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.3%
Return on assets
3.1%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-04-2026, 5 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
5 d early
2024
5 d early
2023
16 d late
2022
26 d late
2021
2 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€584k▼ 44.4%
2024 · €1.05M
2021: €328k
2022: €603k
2023: €807k
2024: €1.05M
2021 → 2025
Total assets
€1.26M▼ 4.0%
2024 · €1.31M
2021: €724k
2022: €971k
2023: €1.21M
2024: €1.31M
2021 → 2025
Net result
€39k▼ 83.9%
2024 · €241k
2021: €313k
2022: €276k
2023: €204k
2024: €241k
2021 → 2025
Working capital
€-220k
2024 · €125k
2021: €-69k
2022: €45k
2023: €1k
2024: €125k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€328k-€603k▲ 84.1%€807k▲ 33.8%€1.05M▲ 29.9%€584k▼ 44.4%
Operating result€70k-€234k▲ 233%€262k▲ 11.9%€345k▲ 31.7%€67k▼ 80.7%
Net result€313k-€276k▼ 11.9%€204k▼ 26.0%€241k▲ 18.2%€39k▼ 83.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€908k▼ 15.2%
Current assets
€352k▲ 45.3%
Equity and liabilities €1.26M
Equity
€584k▼ 44.4%
Provisions
€65k
Debt
€612k▲ 132%
The debt ratio rises from 20.1% to 48.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€73k▼
2024 · €348k
Cash flow
€46k▼
2024 · €245k
Solvency
46.3%▼
2024 · 79.9%
Current ratio
0.62▼
2024 · 2.06
Quick ratio
0.62▼
2024 · 2.06
Debt / equity
1.05▲
2024 · 0.25
ROE
6.7%▼
2024 · 23.0%
ROA
3.1%▼
2024 · 18.4%
Interest coverage
28.16▲
2024 · 7.15
Debt
€612k▲
2024 · €264k
Debt ≤ 1 year
€572k▲
2024 · €117k
Debt > 1 year
€39k▼
2024 · €146k
Income taxes
€30k▼
2024 · €60k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.31M€1.26M▼
Fixed assets21/28€1.07M€908k▼
Tangible fixed assets22/27€10k€10k▼
Furniture and vehicles24€9k€9k▲
Other tangible fixed assets26€923€593▼
Financial fixed assets28€1.06M€898k▼
Current assets29/58€242k€352k▲
Amounts receivable within one year40/41€179k€126k▼
Trade receivables40€154k€88k▼
Other amounts receivable41€25k€38k▲
Current investments50/53€4k€4k=
Cash at bank and in hand54/58€51k€209k▲
Deferred charges and accrued income490/1€8k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.31M€1.26M▼
Equity10/15€1.05M€584k▼
Contributions10/11€15k€15k=
Reserves13€1.03M€565k▼
Distributable reserves133€1.03M€565k▼
Profit (loss) carried forward14€4k€4k▼
Provisions and deferred taxes16-€65k
Provisions for liabilities and charges160/5-€65k
Other liabilities and charges164/5-€65k
Amounts payable17/49€264k€612k▲
Amounts payable after more than one year17€146k€39k▼
Financial debts170/4€86k€39k▼
Other amounts payable178/9€60k-
Amounts payable within one year42/48€117k€572k▲
Current portion of amounts payable after more than one year42€57k€57k▲
Trade debts44€18k€6k▼
Suppliers440/4€18k€6k▼
Taxes, remuneration and social security45€12k€5k▼
Taxes450/3€8k€5k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€31k€504k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-51k€65k▲
Other operating charges640/8€957€2k▲
Gross operating margin9900€299k€140k▼
Operating profit (loss)9901€345k€67k▼
Financial income75/76B€5k€5k▲
Recurring financial income75€5k€5k▲
Financial charges65/66B€49k€3k▼
Recurring financial charges65€49k€3k▼
Profit (loss) for the period before taxes9903€301k€69k▼
Income taxes67/77€60k€30k▼
Profit (loss) for the period9904€241k€39k▼
Profit (loss) for the period to be appropriated9905€241k€39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€244k€43k▼
Profit (loss) brought forward from the previous period14P€2k€4k▲
Transfer from equity791/2-€465k
Transfer to equity691/2€240k-
To other reserves6921€240k-
Profit to be distributed694/7-€504k
Return on contributions (dividend)694-€500k
Directors or managers695-€4k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €39k ▼83.9%
Net result drops to €39k, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 1.01 to 2.06; short-term debt falls from €162k to €117k.
30-09
Financial
Equity above €1MEq €1.05M ▲29.9%
4 profitable years in a row build equity to €1.05M.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
30-09
Financial
Liquidity quadruplescurrent ratio 1.35
Current ratio from 0.38 to 1.35.
30-09
Financial
Equity above €500kEq €603k ▲84.1%
2 profitable years in a row build equity to €603k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Gembloux · 1 establishment unit since 2020
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.
Rue Saucin, Isnes 35032 GemblouxGround area
1,493 m²
Building footprint
165 m²
Volume, LiDAR
902 m³
Parcel 92065B0137/02P000, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HM Management
since 20202.305.087.907
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92065B0137/02P000 | Wallonia | 1,493 m² | 1 · 165 m² | 6.8 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900FPGGLD9NXSUK08
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Of 1,075 companies in sector 46140 we hold annual accounts for 644. 439 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2020
Fiscal year end30-09
Activities, NACEBEL
46140Agents in the wholesale of industrial machinery, ships and aircraft
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.