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HMBG

Active
Private limited companyfounded 20215 yrs activeRue Phocas Lejeune,Isnes 8, 5032 Gembloux, BelgiumKBO/BCE: BE 0774.404.844
Summary

HMBG has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €287,799 and a net result of -€1,687. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 90% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36▲+34
Solvency100▲+84
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.05 in 2024; short-term debt: 8.6% and cash: 0.2% of total assets), and 8.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 09-04-2026, 113 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
113 d early
2024
30 d late
2023
28 d late
2022
32 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 30 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 21 September 2021, HMBG was incorporated as a Private limited company.1 Total assets went from EUR 4,400 in 2022 to EUR 315,050 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€287,799
2024 · -€1,627
Total assets
€315,050▲ 1,563%
2024 · €18,941
Net result
-€1,687▲ 37.8%
2024 · -€2,711
Working capital
-€26,752▼ 36.3%
2024 · -€19,627
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line2022202320242025
Operating result-€1,969--€2,842▼ 44.3%-€2,504▲ 11.9%-€1,480▲ 40.9%
Net result-€1,969below the sector's middle half--€2,947below the sector's middle half▼ 49.7%-€2,711below the sector's middle half▲ 8.0%-€1,687below the sector's middle half▲ 37.8%
Equity€4,031below the sector's middle half-€1,084below the sector's middle half▼ 73.1%-€1,627below the sector's middle half€287,799above the sector's middle half
Total assets€4,400below the sector's middle half-€20,206below the sector's middle half▲ 359%€18,941below the sector's middle half▼ 6.3%€315,050within the sector's middle half▲ 1,563%
Debt€369-€19,122▲ 5,083%€20,568▲ 7.6%€27,251▲ 32.5%
Working capital€4,031within the sector's middle half--€16,916below the sector's middle half-€19,627below the sector's middle half▼ 16.0%-€26,752below the sector's middle half▼ 36.3%
Solvency5.4%below the sector's middle half-8.6%below the sector's middle half▼ 14.0pp91.4%above the sector's middle half▲ 99.9pp
Current ratio0.12below the sector's middle half0.05below the sector's middle half▼ 0.070.02below the sector's middle half▼ 0.03
Return on assets (ROA)-14.6%below the sector's middle half-14.3%below the sector's middle half▲ 0.3pp-0.5%below the sector's middle half▲ 13.8pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
-€3,000-€2,000-€1,000€0Operating result 2022: -€1,969-€1,969Net result 2022: -€1,969-€1,969Operating result 2023: -€2,842-€2,842Net result 2023: -€2,947-€2,947Operating result 2024: -€2,504-€2,504Net result 2024: -€2,711-€2,711Operating result 2025: -€1,480-€1,480Net result 2025: -€1,687-€1,6872022202320242025-€3,000-€2,000-€1,000€0Operating result 2023: -€2,842-€2,840Net result 2023: -€2,947-€2,950Operating result 2024: -€2,504-€2,500Net result 2024: -€2,711-€2,710Operating result 2025: -€1,480-€1,480Net result 2025: -€1,687-€1,690202320242025
The operating result stays negative: a loss of €1,480 in 2025 against €2,504 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315,050
Fixed assets €314,551 ▲ 1,648%
Current assets €499 ▼ 46.9%
Equity and liabilities €315,050
Equity €287,799
Debt €27,251
Debt finances 8.6% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.09▲
2024 · -12.64
ROE
-0.6%
Debt ≤ 1 year
€27,251▲
2024 · €20,568
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€18,941€315,050▲
Fixed assets21/28€18,000€314,551▲
Financial fixed assets28€18,000€314,551▲
Current assets29/58€941€499▼
Cash at bank and in hand54/58€941€484▼
Deferred charges and accrued income490/1-€15
Equity and liabilities
Total equity and liabilities10/49€18,941€315,050▲
Equity10/15-€1,627€287,799▲
Contributions10/11€6,000€6,000=
Revaluation surpluses12-€291,113
Profit (loss) carried forward14-€7,627-€9,314▼
Amounts payable17/49€20,568€27,251▲
Amounts payable within one year42/48€20,568€27,251▲
Trade debts44€1,568€1,051▼
Suppliers440/4€1,568€1,051▼
Other amounts payable47/48€19,000€26,200▲
Income statement Code20242025
Gross operating margin9900-€2,504-€1,480▲
Operating profit (loss)9901-€2,504-€1,480▲
Financial charges65/66B€207€207=
Recurring financial charges65€207€207=
Profit (loss) for the period before taxes9903-€2,711-€1,687▲
Profit (loss) for the period9904-€2,711-€1,687▲
Profit (loss) for the period to be appropriated9905-€2,711-€1,687▲
Appropriation of the result
Profit (loss) to be appropriated9906-€7,627-€9,314▼
Profit (loss) brought forward from the previous period14P-€4,916-€7,627▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Other operating charges640/8€369----
Gross operating margin9900-€1,600-€2,842-€2,504-€1,480▲ 40.9%
Operating profit (loss)9901-€1,969-€2,842-€2,504-€1,480▲ 40.9%
Financial charges65/66B€0€105€207€207=
Recurring financial charges65€0€105€207€207=
Profit (loss) for the period before taxes9903-€1,969-€2,947-€2,711-€1,687▲ 37.8%
Profit (loss) for the period9904-€1,969-€2,947-€2,711-€1,687▲ 37.8%
Profit (loss) for the period to be appropriated9905-€1,969-€2,947-€2,711-€1,687▲ 37.8%
Line2022202320242025Change
Assets
Total assets20/58€4,400€20,206€18,941€315,050▲ 1,563%
Fixed assets21/28-€18,000€18,000€314,551▲ 1,648%
Financial fixed assets28-€18,000€18,000€314,551▲ 1,648%
Current assets29/58€4,400€2,206€941€499▼ 46.9%
Cash at bank and in hand54/58€4,400€2,206€941€484▼ 48.5%
Deferred charges and accrued income490/1---€15-
Equity and liabilities
Total equity and liabilities10/49€4,400€20,206€18,941€315,050▲ 1,563%
Equity10/15€4,031€1,084-€1,627€287,799▲ 17,787%
Contributions10/11€6,000€6,000€6,000€6,000=
Revaluation surpluses12---€291,113-
Profit (loss) carried forward14-€1,969-€4,916-€7,627-€9,314▼ 22.1%
Amounts payable17/49€369€19,122€20,568€27,251▲ 32.5%
Amounts payable within one year42/48€369€19,122€20,568€27,251▲ 32.5%
Trade debts44€369€1,122€1,568€1,051▼ 32.9%
Suppliers440/4€369€1,122€1,568€1,051▼ 32.9%
Other amounts payable47/48-€18,000€19,000€26,200▲ 37.9%
Line2022202320242025Change
Profit (loss) for the period9904-€1,969-€2,947-€2,711-€1,687▲ 37.8%
Operating cash flow (approximation)-€1,969-€2,947-€2,711-€1,687▲ 37.8%
Investment in fixed assets (approximation)--€0-€296,551-
Change in cash--€2,194-€1,266-€457▲ 63.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Equity above €200,000Eq €287,799
Equity rises from -€1,627 to €287,799.
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial Weakest financial yearnet -€2,947
Net result drops to -€2,947, the lowest in the series; recovery starts the following year.
01-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 32 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, Gembloux · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,917 m²
Building footprint
188 m²
Volume, LiDAR
1,497 m³
Parcel 92065B0050/00Z002, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Phocas Lejeune,Isnes 8, 5032 Gembloux
Other business support services
since 20212.329.392.345
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92065B0050/00Z002 Wallonia 1,917 m² 1 · 188 m² 9.5 m · 3 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of HMBG and those 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.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 38,393 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
Founded21-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
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Register as of 29 September 2026 · Peppol Directory

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