HM Technics
ActiveSummary
The computed 12-month bankruptcy probability of HM Technics is 1.6% (moderate). The 2025 annual accounts show equity of €926,450 and a net result of €267,422. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 28184 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-3
Solvency68▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 1.72 against 2.02 in 2024; short-term debt: 49.2% and cash: 61.2% of total assets), but 57.1% 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
42.9%
Return on assets
12.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
7 d late
2024
5 d early
2023
42 d early
2022
43 d early
2021
15 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
In the rankings
#7 company by total assets in Ronse, Construction sector#8 company by equity in Ronse, Construction sector
Equity
€926,450▼ 3.4%
2024 · €959,027
Total assets
€2.2m▲ 15.4%
2024 · €1.9m
Net result
€267,422▼ 2.9%
2024 · €275,277
Working capital
€768,382▼ 2.4%
2024 · €786,990
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
Line20212022202320242025
Operating result€181,532▼ 16.5%€403,464▲ 122%€1.6m▲ 302%€369,440▼ 77.2%€395,748▲ 7.1%
Net result€140,432above the sector's middle half▼ 14.2%€303,924above the sector's middle half▲ 116%€1.2mabove the sector's middle half▲ 300%€275,277above the sector's middle half▼ 77.4%€267,422above the sector's middle half▼ 2.9%
Equity€314,048above the sector's middle half▲ 80.9%€617,971above the sector's middle half▲ 96.8%€1.7mabove the sector's middle half▲ 172%€959,027above the sector's middle half▼ 43.0%€926,450above the sector's middle half▼ 3.4%
Total assets€412,057above the sector's middle half▲ 48.7%€1.1mabove the sector's middle half▲ 174%€2.0mabove the sector's middle half▲ 78.1%€1.9mabove the sector's middle half▼ 6.8%€2.2mabove the sector's middle half▲ 15.4%
Debt€98,009▼ 5.2%€509,925▲ 420%€324,791▼ 36.3%€912,123▲ 181%€1.2m▲ 35.2%
Working capital€240,825▲ 59.6%€409,253▲ 69.9%€1.5m▲ 265%€786,990▼ 47.3%€768,382▼ 2.4%
Solvency76.2%above the sector's middle half▲ 13.5pp54.8%within the sector's middle half▼ 21.4pp83.8%above the sector's middle half▲ 29.0pp51.3%within the sector's middle half▼ 32.6pp42.9%within the sector's middle half▼ 8.4pp
Staff (FTE)1▲ 233%1=1.3▲ 30.0%3.7
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€328,870 ▲ 5.4%
Current assets
€1.8m ▲ 17.4%
Equity and liabilities €2.2m
Equity
€926,450 ▼ 3.4%
Debt
€1.2m ▲ 35.2%
Debt's share of the balance-sheet total rises from 48.7% to 57.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€442,447▲
2024 · €409,576
Cash flow
€314,122▼
2024 · €315,412
Current ratio
1.72▼
2024 · 2.02
Quick ratio
1.53▼
2024 · 1.89
Debt to equity
1.33▲
2024 · 0.95
ROE
28.9%▲
2024 · 28.7%
ROA
12.4%▼
2024 · 14.7%
Interest coverage
10.11▼
2024 · 96.23
Debt ≤ 1 year
€1.1m▲
2024 · €772,260
Debt > 1 year
€120,457▼
2024 · €139,862
Income taxes
€90,988▼
2024 · €93,254
Staff costs
€157,880▲
2024 · €64,549
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 26,964 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €31,048 | €5,133 | €20,663 | €64,549 | €157,880 | ▲ 145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,459 | €35,993 | €44,529 | €40,136 | €46,700 | ▲ 16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €25,522 | - |
| Other operating charges640/8 | €4,187 | €1,615 | €2,708 | €3,667 | €4,896 | ▲ 33.5% |
| Gross operating margin9900 | €230,225 | €446,205 | €1.7m | €477,792 | €630,745 | ▲ 32.0% |
| Operating profit (loss)9901 | €181,532 | €403,464 | €1.6m | €369,440 | €395,748 | ▲ 7.1% |
| Financial income75/76B | €0 | €219 | €1,451 | €3,347 | €6,441 | ▲ 92.5% |
| Recurring financial income75 | €0 | €219 | €1,451 | €3,347 | €6,441 | ▲ 92.5% |
| Financial charges65/66B | €768 | €1,986 | €4,748 | €4,256 | €43,779 | ▲ 929% |
| Recurring financial charges65 | €768 | €1,986 | €4,748 | €4,256 | €43,779 | ▲ 929% |
| Profit (loss) for the period before taxes9903 | €180,765 | €401,697 | €1.6m | €368,531 | €358,411 | ▼ 2.7% |
| Income taxes67/77 | €40,333 | €97,773 | €401,434 | €93,254 | €90,988 | ▼ 2.4% |
| Profit (loss) for the period9904 | €140,432 | €303,924 | €1.2m | €275,277 | €267,422 | ▼ 2.9% |
| Profit (loss) for the period to be appropriated9905 | €140,432 | €303,924 | €1.2m | €275,277 | €267,422 | ▼ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €412,057 | €1.1m | €2.0m | €1.9m | €2.2m | ▲ 15.4% |
| Fixed assets21/28 | €87,110 | €394,626 | €352,598 | €311,899 | €328,870 | ▲ 5.4% |
| Tangible fixed assets22/27 | €87,110 | €394,063 | €352,035 | €311,899 | €328,870 | ▲ 5.4% |
| Land and buildings22 | - | €275,957 | €264,470 | €252,982 | €241,494 | ▼ 4.5% |
| Plant, machinery and equipment23 | €3,248 | €4,060 | €3,478 | €1,598 | €126 | ▼ 92.1% |
| Furniture and vehicles24 | €83,862 | €114,046 | €84,087 | €57,319 | €87,250 | ▲ 52.2% |
| Financial fixed assets28 | - | €563 | €563 | €0 | - | - |
| Current assets29/58 | €324,947 | €733,270 | €1.7m | €1.6m | €1.8m | ▲ 17.4% |
| Stocks and contracts in progress3 | €62,847 | €204,784 | €169,829 | €98,854 | €202,845 | ▲ 105% |
| Stocks30/36 | €62,847 | €204,784 | €169,829 | €98,854 | €202,845 | ▲ 105% |
| Amounts receivable within one year40/41 | €64,624 | €267,404 | €467,847 | €331,068 | €290,945 | ▼ 12.1% |
| Trade receivables40 | €51,075 | €190,909 | €408,291 | €246,674 | €215,674 | ▼ 12.6% |
| Other amounts receivable41 | €13,549 | €76,495 | €59,556 | €84,395 | €75,271 | ▼ 10.8% |
| Cash at bank and in hand54/58 | €194,148 | €257,600 | €1.0m | €1.1m | €1.3m | ▲ 18.1% |
| Deferred charges and accrued income490/1 | €3,329 | €3,481 | €7,179 | €9,823 | €14,605 | ▲ 48.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €412,057 | €1.1m | €2.0m | €1.9m | €2.2m | ▲ 15.4% |
| Equity10/15 | €314,048 | €617,971 | €1.7m | €959,027 | €926,450 | ▼ 3.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €300,000 | €605,000 | €1.7m | €945,000 | €900,000 | ▼ 4.8% |
| Distributable reserves133 | €300,000 | €605,000 | €1.7m | €945,000 | €900,000 | ▼ 4.8% |
| Profit (loss) carried forward14 | €4,048 | €2,971 | €3,751 | €4,027 | €16,450 | ▲ 308% |
| Amounts payable17/49 | €98,009 | €509,925 | €324,791 | €912,123 | €1.2m | ▲ 35.2% |
| Amounts payable after more than one year17 | €13,088 | €185,908 | €162,732 | €139,862 | €120,457 | ▼ 13.9% |
| Financial debts170/4 | €13,088 | €185,908 | €162,732 | €139,862 | €120,457 | ▼ 13.9% |
| Amounts payable within one year42/48 | €84,122 | €324,017 | €162,059 | €772,260 | €1.1m | ▲ 37.6% |
| Current portion of amounts payable after more than one year42 | €4,514 | €22,708 | €23,176 | €22,870 | €19,405 | ▼ 15.1% |
| Trade debts44 | €10,189 | €77,294 | €113,407 | €153,722 | €240,218 | ▲ 56.3% |
| Suppliers440/4 | €10,189 | €77,294 | €113,407 | €153,722 | €240,218 | ▲ 56.3% |
| Advances received on contracts in progress46 | €19,524 | €76,964 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €43,715 | €144,106 | €14,148 | €26,522 | €20,733 | ▼ 21.8% |
| Taxes450/3 | €43,708 | €141,481 | €3,897 | €9,454 | €2,705 | ▼ 71.4% |
| Remuneration and social security454/9 | €7 | €2,625 | €10,251 | €17,069 | €18,028 | ▲ 5.6% |
| Other amounts payable47/48 | €6,180 | €2,945 | €11,328 | €569,147 | €782,242 | ▲ 37.4% |
| Accrued charges and deferred income492/3 | €800 | €0 | - | - | €50,346 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €140,432 | €303,924 | €1.2m | €275,277 | €267,422 | ▼ 2.9% |
| + Depreciation and write-downs630 | €13,459 | €35,993 | €44,529 | €40,136 | €46,700 | ▲ 16.4% |
| Operating cash flow (approximation) | €153,890 | €339,916 | €1.3m | €315,412 | €314,122 | ▼ 0.4% |
| Investment in fixed assets (approximation) | - | -€343,509 | -€2,501 | €563 | -€63,670 | ▼ 11,411% |
| Change in cash | - | €63,453 | €753,488 | €108,417 | €203,080 | ▲ 87.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €1.2m ▲300%
Operating result €1.6m, net result €1.2m, both a record.
31-12
Financial
Liquidity times 5current ratio 10.22
Current ratio from 2.26 to 10.22; short-term debt falls from €324,017 to €162,059.
31-12
Financial
Equity above €1mEq €1.7m ▲172%
4 profitable years in a row build equity to €1.7m.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500,000Eq €617,971 ▲96.8%
3 profitable years in a row build equity to €617,971.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
31-12
Financial
Weakest financial yearnet €140,432 ▼14.2%
Net result drops to €140,432, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €314,048 ▲80.9%
2 profitable years in a row build equity to €314,048.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 2019
Ground area
253 m²
Building footprint
146 m²
Volume, LiDAR
1,320 m³
Parcel 45423E0280/00B000, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
HM Technics
since 20192.296.023.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45423E0280/00B000 | Flanders | 253 m² | 1 · 146 m² | 14.7 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 6,297 EUR awarded · 6,297 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,350 EUR | 2,350 EUR |
| 2024 | 1 | 2,145 EUR | 2,447 EUR |
| 2023 | 1 | 1,802 EUR | 1,500 EUR |
Recognitions · licences · registrations
Dual-learning approval
10 live approvals · 3 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Show 4 more
Technicus hernieuwbare energietechnieken duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Vakman installatietechnieken (vwo)
Show 3 ended approvals
Installateur gebouwenautomatisering duaal (so)
Monteur centrale verwarming (so)
Sanitair installateur (so)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 4,897 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
Founded14-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
Website
www.hmtechnics.be
E-mail
info@hmtechnics.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736377874
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.