HM25
ActiveSummary
The computed 12-month bankruptcy probability of HM25 is 5.6% (elevated). The 2025 annual accounts show negative equity (-€42,082) and a net result of -€23,472. Its solvency ranks better than 21% of 3757 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
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Signals
This company filed its last 2 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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- 2025 Total assets +339% on 2024. Cause not known from the registers.
Peer companies
Historical observationOf the 152 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 99% are still going.
- Small
- under 2 years old
- negative equity
- a small loss
For this company itself Checked computes a higher bankruptcy probability: 5.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 152 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €519,240 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,861 | €143,156 | ▲ 1,107% |
| Other operating charges640/8 | - | €1,430 | - |
| Gross operating margin9900 | -€11,740 | €672,393 | ▲ 5,827% |
| Operating profit (loss)9901 | -€23,601 | €8,566 | ▲ 136% |
| Financial income75/76B | - | €159 | - |
| Recurring financial income75 | - | €159 | - |
| Financial charges65/66B | €10 | €32,197 | ▲ 327,103% |
| Recurring financial charges65 | €10 | €32,197 | ▲ 327,103% |
| Profit (loss) for the period before taxes9903 | -€23,611 | -€23,472 | ▲ 0.6% |
| Profit (loss) for the period9904 | -€23,611 | -€23,472 | ▲ 0.6% |
| Profit (loss) for the period to be appropriated9905 | -€23,611 | -€23,472 | ▲ 0.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €312,748 | €1.4m | ▲ 339% |
| Fixed assets21/28 | €266,536 | €908,190 | ▲ 241% |
| Intangible fixed assets21 | €265,672 | €189,344 | ▼ 28.7% |
| Tangible fixed assets22/27 | €864 | €718,846 | ▲ 83,068% |
| Furniture and vehicles24 | €864 | €35,404 | ▲ 3,996% |
| Other tangible fixed assets26 | - | €683,442 | - |
| Current assets29/58 | €46,212 | €464,347 | ▲ 905% |
| Stocks and contracts in progress3 | - | €14,800 | - |
| Stocks30/36 | - | €14,800 | - |
| Amounts receivable within one year40/41 | €17,489 | €192,960 | ▲ 1,003% |
| Trade receivables40 | €12,115 | €188,600 | ▲ 1,457% |
| Other amounts receivable41 | €5,374 | €4,360 | ▼ 18.9% |
| Cash at bank and in hand54/58 | €28,723 | €256,587 | ▲ 793% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €312,748 | €1.4m | ▲ 339% |
| Equity10/15 | -€23,611 | -€42,082 | ▼ 78.2% |
| Contributions10/11 | - | €5,000 | - |
| Profit (loss) carried forward14 | -€23,611 | -€47,082 | ▼ 99.4% |
| Amounts payable17/49 | €336,359 | €1.4m | ▲ 321% |
| Amounts payable after more than one year17 | - | €509,153 | - |
| Financial debts170/4 | - | €509,153 | - |
| Amounts payable within one year42/48 | €336,359 | €905,467 | ▲ 169% |
| Current portion of amounts payable after more than one year42 | - | €97,458 | - |
| Trade debts44 | €46,021 | €189,730 | ▲ 312% |
| Suppliers440/4 | €46,021 | €189,730 | ▲ 312% |
| Taxes, remuneration and social security45 | - | €214,841 | - |
| Taxes450/3 | - | €72,980 | - |
| Remuneration and social security454/9 | - | €141,860 | - |
| Other amounts payable47/48 | €290,338 | €403,438 | ▲ 39.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€23,611 | -€23,472 | ▲ 0.6% |
| + Depreciation and write-downs630 | €11,861 | €143,156 | ▲ 1,107% |
| Operating cash flow (approximation) | -€11,750 | €119,685 | ▲ 1,119% |
| Investment in fixed assets (approximation) | - | -€784,810 | - |
| Change in cash | - | €227,864 | - |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0840/00T005 ProtectedArchitectural ensemble · Monument · Site or landscapeBeurs voor Publieke Fondsen en de omgevingSource ↗ |
Brussels | 265 m² | 1 · 239 m² | 21.9 m · 6 fl. |
| 21614H0010/00F038 | Brussels | 212 m² | 1 · 73 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- 90 FOLIES
- HM25
Highest known parent: 90 FOLIES. The sources do not say who stands above it.
Owners 1
- 90 FOLIESparentSourceaccounts 90 FOLIES 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.