HM Piscines
ActiveHM Piscines has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-8k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 27386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency98▼-2
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 7.05 in 2024), and 40% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
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 2025Solvency, return and age of the figures
Solvency
60%
Return on assets
-88.1%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
59 d late
2023
59 d late
2022
30 d late
2021
28 d late
2020
17 d late
2019
42 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 59.5%
2024 · €14k
2018: €7k
2019: €10k
2020: €15k
2021: €16k
2022: €32k
2023: €26k
2024: €14k
2018 → 2025
Total assets
€9k▼ 41.8%
2024 · €16k
2018: €8k
2019: €59k
2020: €39k
2021: €59k
2022: €56k
2023: €38k
2024: €16k
2018 → 2025
Net result
€-8k▲ 30.0%
2024 · €-12k
2018: €-1k
2019: €3k
2020: €5k
2021: €486
2022: €16k
2023: €-6k
2024: €-12k
2018 → 2025
Working capital
€5k▼ 60.8%
2024 · €13k
2018: €8k
2019: €6k
2020: €12k
2021: €12k
2022: €27k
2023: €20k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€32k▲ 105%€26k▼ 20.1%€14k▼ 45.9%€6k▼ 59.5%
Operating result€1k-€23k▲ 1,561%€-6k€-11k▼ 82.8%€-8k▲ 29.0%
Net result€486-€16k▲ 3,296%€-6k€-12k▼ 83.1%€-8k▲ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€716▼ 39.9%
Current assets
€9k▼ 42.0%
Equity and liabilities €9k
Equity
€6k▼ 59.5%
Debt
€4k▲ 68.2%
The debt ratio rises from 13.8% to 40.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-8k▼
2024 · €-7k
Cash flow
€-8k▼
2024 · €-7k
Solvency
60.0%▼
2024 · 86.2%
Current ratio
2.38▼
2024 · 7.05
Quick ratio
2.38▼
2024 · 7.05
Debt / equity
0.67▲
2024 · 0.16
ROE
-146.8%▼
2024 · -84.9%
ROA
-88.1%▼
2024 · -73.2%
Interest coverage
-38.40▼
2024 · -15.91
Debt
€4k▲
2024 · €2k
Debt ≤ 1 year
€4k▲
2024 · €2k
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€16k€9k▼
Fixed assets21/28€1k€716▼
Tangible fixed assets22/27€1k€716▼
Plant, machinery and equipment23€819€538▼
Furniture and vehicles24€373€178▼
Current assets29/58€15k€9k▼
Amounts receivable within one year40/41€4k€655▼
Trade receivables40€1k€636▼
Other amounts receivable41€2k€19▼
Cash at bank and in hand54/58€11k€6k▼
Deferred charges and accrued income490/1€781€2k▲
Equity and liabilities
Total equity and liabilities10/49€16k€9k▼
Equity10/15€14k€6k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€6k€-2k▼
Amounts payable17/49€2k€4k▲
Amounts payable within one year42/48€2k€4k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€542-
Taxes450/3€542-
Accrued charges and deferred income492/3€108€108=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€476▼
Other operating charges640/8€515€128▼
Gross operating margin9900€-6k€-7k▼
Operating profit (loss)9901€-11k€-8k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€438€198▼
Recurring financial charges65€438€198▼
Profit (loss) for the period before taxes9903€-12k€-8k▲
Profit (loss) for the period9904€-12k€-8k▲
Profit (loss) for the period to be appropriated9905€-12k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-2k▼
Profit (loss) brought forward from the previous period14P€18k€6k▼
The notes to these accounts (4 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.05
Current ratio from 2.66 to 7.05; short-term debt falls from €12k to €2k.
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €16k ▲3296%
Operating result €23k, net result €16k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 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, Dison · 1 establishment unit since 2012
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.
Route de Henri-Chapelle 71A4821 DisonGround area
4,580 m²
Building footprint
264 m²
Volume, LiDAR
754 m³
2 parcels, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route de Henri-Chapelle 71, 4821 Dison
since 20122.214.733.296
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63002A0209/00G000 | Wallonia | 3,405 m² | 1 · 122 m² | 9.5 m · 2 fl. |
| 63002A0208/00D000 | Wallonia | 1,176 m² | 1 · 142 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 2,949 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2012
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.