HM Projecten · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of HM Projecten is 0.6% (low). The 2025 annual accounts show equity of €126k and a net result of €4k. Equity is growing by ~52.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 1326 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 80% of 1326 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

3 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.6% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€4k-96.7%

Working capital€120k+4.9%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 10-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~52.7%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	70.6%	22.9%	better than 80% of 1326 sector peers
Net result	€4k	€10k	better than 41% of 1323 sector peers
Equity	€126k	€44k	better than 72% of 1327 sector peers
Gross operating margin	€13k	€40k	better than 28% of 1323 sector peers
Total assets	€179k	€291k	better than 38% of 1326 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P80

Improving position over 2022-2025 · n=1326-4927

Net result P41

Stable position over 2022-2025 · n=1323-4919

Equity P72

Improving position over 2022-2025 · n=1327-4930

Gross operating margin P28

Stable position over 2022-2025 · n=1323-4913

Describes the position versus peers, not a forecast.

EBITDA

€12k

-92.3% -53% vs sector

Net profit

€4k

-96.7% far above sector median

Cash flow

€5k

-95.3% -78% vs sector

Total assets

€179k

-20.5% -89% vs sector

Equity

€126k

+2.9% -84% vs sector

Working capital

€120k

+4.9% -74% vs sector

Income taxes

€1k

-95.6% +2% vs sector

Debt

€53k

-48.6% -93% vs sector

Debt ≤ 1y

€52k

-49.1% -88% vs sector

Current ratio

3.30

+55.9% +38% vs sector

Quick ratio

1.90

+34.9% -6% vs sector

Solvency

70.6%

+29.4% +28% vs sector

Debt / equity

0.42

-50.0% -59% vs sector

ROE

2.8%

-96.8% far above sector median

ROA

2.0%

-95.8% far above sector median

Interest coverage

1.99

-66.2% -99% vs sector

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Revenue	-
EBITDA	€12k
Net profit	€4k
Cash flow	€5k
Staff costs	-
Income taxes	€1k
Dividends	-
Total assets	€179k
Equity	€126k
Debt	€53k
of which ≤ 1y	€52k
of which > 1y	-
Working capital	€120k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	3.30
Quick ratio	1.90
Working capital ratio	66.8%
Solvency	70.6%
Debt / equity	0.42
Long-term debt ratio	-
Interest coverage	1.99
Gross margin	-
Net margin	-
ROA	2.0%
ROE	2.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €7k · 4.1% Current assets €172k · 95.9%

Equity & liabilities

Equity €126k · 70.6% Debt €53k · 29.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€179k
Fixed assets	21/28	€7k
Tangible fixed assets	22/27	€7k
Current assets	29/58	€172k
Stocks & contracts in progress	3	€73k
Amounts receivable within one year	40/41	€10k
Cash & bank	54/58	€89k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€179k
Equity	10/15	€126k
Contributions / capital	10/11	€5k
Reserves	13	€121k
Amounts payable	17/49	€53k
Amounts payable within one year	42/48	€52k
Trade debts payable within one year	44	€891
Income statement
Gross operating margin	9900	€13k
Operating result	9901	€11k
Financial charges	65	€6k
Result before taxes	9903	€5k
Income taxes	67/77	€1k
Net result for the period	9904	€4k
Result to be appropriated	9905	€4k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

81 / 100 Excellent

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location

HM Projecten

Werchtersebaan 24, 3120 TremeloOntwikkeling van residentiële bouwprojecten

since 20212.316.566.272

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area957 m²

Buildings1

Building footprint128 m²

Volume (LiDAR)904 m³

Tallest building9.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)