HMAPP
ActiveThe computed 12-month bankruptcy probability of HMAPP is 2.2% (moderate). The 2025 annual accounts show equity of €60k and a net result of €10k. Its solvency ranks better than 30% of 7311 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy▼ -30 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-16
Solvency43▼-53
Growth52
Stability82
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 2.33 in 2024), and 75.6% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
24.4%
Return on assets
4.1%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
21 d early
2024
59 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€60k▲ 20.2%
2024 · €50k
2024: €50k
2024 → 2025
Total assets
€244k▲ 156%
2024 · €95k
2024: €95k
2024 → 2025
Net result
€10k▼ 74.7%
2024 · €40k
2024: €40k
2024 → 2025
Working capital
€54k▲ 51.9%
2024 · €35k
2024: €35k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€50k-€60k▲ 20.2%
Operating result€52k-€14k▼ 72.0%
Net result€40k-€10k▼ 74.7%
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 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€20k▼ 40.1%
Current assets
€224k▲ 261%
Equity and liabilities €244k
Equity
€60k▲ 20.2%
Debt
€184k▲ 303%
The debt ratio rises from 48.0% to 75.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€28k▼
2024 · €61k
Cash flow
€23k▼
2024 · €48k
Solvency
24.4%▼
2024 · 52.0%
Current ratio
1.32▼
2024 · 2.33
Quick ratio
0.85▼
2024 · 2.33
Debt / equity
3.09▲
2024 · 0.92
ROE
16.8%▼
2024 · 79.8%
ROA
4.1%▼
2024 · 41.5%
Interest coverage
17.15▼
2024 · 73.77
Debt
€184k▲
2024 · €46k
Debt ≤ 1 year
€170k▲
2024 · €27k
Debt > 1 year
€14k▼
2024 · €19k
Income taxes
€3k▼
2024 · €12k
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€95k€244k▲
Fixed assets21/28€33k€20k▼
Tangible fixed assets22/27€33k€20k▼
Furniture and vehicles24€32k€19k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€62k€224k▲
Stocks and contracts in progress3-€79k
Stocks30/36-€2k
Contracts in progress37-€77k
Amounts receivable within one year40/41€18k€117k▲
Trade receivables40€12k€114k▲
Other amounts receivable41€6k€3k▼
Cash at bank and in hand54/58€42k€25k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€95k€244k▲
Equity10/15€50k€60k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€40k€50k▲
Amounts payable17/49€46k€184k▲
Amounts payable after more than one year17€19k€14k▼
Financial debts170/4€19k€14k▼
Amounts payable within one year42/48€27k€170k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€3k€51k▲
Suppliers440/4€3k€51k▲
Advances received on contracts in progress46€7k€95k▲
Taxes, remuneration and social security45€12k€15k▲
Taxes450/3€12k€15k▲
Other amounts payable47/48€138€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Other operating charges640/8€100€149▲
Gross operating margin9900€61k€28k▼
Operating profit (loss)9901€52k€14k▼
Financial income75/76B€219€9▼
Recurring financial income75€219€9▼
Financial charges65/66B€820€2k▲
Recurring financial charges65€820€2k▲
Profit (loss) for the period before taxes9903€51k€13k▼
Income taxes67/77€12k€3k▼
Profit (loss) for the period9904€40k€10k▼
Profit (loss) for the period to be appropriated9905€40k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€50k▲
Profit (loss) brought forward from the previous period14P-€40k
The notes to these accounts (6 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2023
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.
Chemin Napoléon(NAL) 316120 Ham-sur-Heure-NalinnesGround area
1,278 m²
Building footprint
143 m²
Volume, LiDAR
693 m³
Parcel 56058A0029/00H002, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HMAPP
since 20232.350.049.385
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56058A0029/00H002 | Wallonia | 1,278 m² | 1 · 143 m² | 7.0 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.
Similar companies · same sector, comparable size
Certitude
BE 0898.912.163
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WELMAN PROJECTS
BE 0734.484.097
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ASP Construction
BE 0795.112.661
Zaventem · Eq €60k
AC INNOV
BE 0770.733.195
Ternat · Eq €60k
DW RENOVATIES
BE 0564.995.702
Buggenhout · Eq €60k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 13,023 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 2 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.