HMD
ActiveSummary
The computed 12-month bankruptcy probability of HMD is 12.7% (high). The 2025 annual accounts show equity of €9,354 and a net result of -€11,847. Equity has been shrinking by about 15% per year since 2021. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 45% of 17,021 sector peers (NACE 56, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-02-2020 Normal situation
- Activity
- Full-service restaurants NACE 56111and 1 other
- Establishment unit
- 2.382.624.658 2620 Hemiksem, since 01-01-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 12.7%
- Gross margin
- €559
- Turnover
- ≈ €6,000
- estimated
- Loss
- €11,847
- Equity
- €9,354
- Total assets
- €38,703
- Staff
- ≈ 0.3 FTE
- estimated
Score breakdownraises risk2 changes of registered office in 24 monthsSector: Food and beverage service activities (NACE 56)2 of the last 3 accounts lateLiquidity: current ratio 0.12, cash €5, halvedShow the evidence
Checked score
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 45% of them on solvency, 9% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 151 days after the deadline. In the sector (NACE 56), the median for financial year 2022 was 15 days after the deadline, and 56% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-06-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €11,460, against €3,302 in 2022. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2025 |
|---|---|---|---|
| Financial fixed assets | - | €4,350 | - |
| Depreciation and write-downs of the year | - | - | €5,926 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6,093 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €5,926 | - |
| Other operating charges640/8 | €770 | €94 | - | - |
| Gross operating margin9900 | €20,941 | €3,396 | €559 | - |
| Operating profit (loss)9901 | €20,171 | €3,302 | -€11,460 | - |
| Financial income75/76B | €0 | €948 | - | - |
| Recurring financial income75 | €0 | €948 | - | - |
| Financial charges65/66B | €33 | €189 | €247 | - |
| Recurring financial charges65 | €33 | €189 | €247 | - |
| Profit (loss) for the period before taxes9903 | €20,138 | €4,061 | -€11,707 | - |
| Income taxes67/77 | - | - | €141 | - |
| Profit (loss) for the period9904 | €20,138 | €4,061 | -€11,847 | - |
| Profit (loss) for the period to be appropriated9905 | €20,138 | €4,061 | -€11,847 | - |
| Line | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,107 | €34,198 | €38,703 | - |
| Fixed assets21/28 | - | €4,350 | €35,090 | - |
| Intangible fixed assets21 | - | - | €20,000 | - |
| Tangible fixed assets22/27 | - | - | €10,740 | - |
| Furniture and vehicles24 | - | - | €10,740 | - |
| Financial fixed assets28 | - | €4,350 | €4,350 | - |
| Current assets29/58 | €26,107 | €29,848 | €3,612 | - |
| Amounts receivable after more than one year29 | - | €8,596 | - | - |
| Other amounts receivable291 | - | €8,596 | - | - |
| Amounts receivable within one year40/41 | €22,981 | €16,790 | €3,607 | - |
| Other amounts receivable41 | €22,981 | €16,790 | €3,607 | - |
| Cash at bank and in hand54/58 | €2,118 | €4,463 | €5 | - |
| Deferred charges and accrued income490/1 | €1,008 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,107 | €34,198 | €38,703 | - |
| Equity10/15 | €22,638 | €34,198 | €9,354 | - |
| Contributions10/11 | €2,500 | €10,000 | €10,000 | - |
| Contributions outside capital11 | - | - | €10,000 | - |
| Other1109/19 | - | - | €10,000 | - |
| Profit (loss) carried forward14 | €20,138 | €24,198 | -€646 | - |
| Amounts payable17/49 | €3,469 | - | €29,348 | - |
| Amounts payable within one year42/48 | €3,469 | - | €29,348 | - |
| Trade debts44 | €3,469 | - | €28,361 | - |
| Suppliers440/4 | €3,469 | - | €28,361 | - |
| Taxes, remuneration and social security45 | - | - | €987 | - |
| Taxes450/3 | - | - | €533 | - |
| Remuneration and social security454/9 | - | - | €454 | - |
| Line | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,138 | €4,061 | -€11,847 | - |
| + Depreciation and write-downs630 | - | - | €5,926 | - |
| Operating cash flow (approximation) | €20,138 | €4,061 | -€5,921 | - |
| Change in cash | - | €2,345 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,133 companies had the same profile as HMD has now. Two years later, 86.4% were still going and 6.4% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HMD itself is higher: 12.7% within 12 months. It rests on far more data about HMD than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,133 companies, not a prediction for HMD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Jaafar Zahraa Sadeq |
|
| Salam A Al-Badri Hashim |
|
| Safaa H Hamid Mohanad |
|
| Hamid Mohanad |
|
| Al-Badri Hashim |
|
| Abdulkader Zaid Wadhah |
|
| Abdulkader Zaid |
|
| Abdulghani Dhurgham |
|
Network & group
HMD shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of HMD. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
19-10
Gazette deed
Registered office moved from Antwerpen to HemiksemNew seat: Jan Sanderslaan 99, 2620 Hemiksem · Previous seat: Statiestraat 23, 2600 Antwerpen · Resignation: Salam A Al-Badri Hashim (director)4 points ▸
- General meeting, 30-09-2026
- Director resignation, Salam A Al-Badri Hashim (director (not named in the articles))
- Director appointment, Jaafar Zahraa Sadeq (director (not named in the articles))
- Registered-office move, Jan Sanderslaan 99, 2620 Hemiksem
11-02
Gazette deed
Registered office moved from Antwerpen to BerchemNew seat: Statiestraat 23, 2600 Berchem · Previous seat: Driekoningenstraat 108, 2600 Antwerpen · Resignation: Safaa H Hamid Mohanad (director)5 points ▸
- General meeting, 23-12-2025
- Director resignation, Safaa H Hamid Mohanad (director (not named in the articles))
- Director discharge, Safaa H Hamid Mohanad (director (not named in the articles))
- Director appointment, Salam A Al-Badri Hashim (director (not named in the articles))
- Registered-office move, Statiestraat 23, 2600 Berchem
02-05
Gazette deed
Resignation: Al-Badri Hashim (director)Appointment: Hamid Mohanad (director) · Director discharge4 points ▸
- General meeting, 31-03-2025
- Director resignation, Al-Badri Hashim (director (not named in the articles))
- Director discharge, Al-Badri Hashim (director (not named in the articles))
- Director appointment, Hamid Mohanad (director (not named in the articles))
25-11
Gazette deed
Registered office moved within AntwerpenNew seat: Driekoningenstraat 108, 2600 Antwerpen · Previous seat: Statiestraat 23, 2600 Antwerpen · Resignation: Abdulkader Zaid Wadhah (director)4 points ▸
- General meeting, 24-10-2022
- Director resignation, Abdulkader Zaid Wadhah (director (not named in the articles))
- Director discharge, Abdulkader Zaid Wadhah (director (not named in the articles))
- Registered-office move, Driekoningenstraat 108, 2600 Antwerpen
31-01
Gazette deed
Resignation: Abdulghani Dhurgham (director)Appointment: Abdulkader Zaid (director) · Director discharge4 points ▸
- General meeting, 06-01-2022
- Director resignation, Abdulghani Dhurgham (director)
- Director discharge, Abdulghani Dhurgham (director)
- Director appointment, Abdulkader Zaid (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
HMD was incorporated on 28 February 2020 as a private limited company.1 The registered office moved to Antwerpen in 2022, to Berchem in 2026 and to Hemiksem in 2026.234 Jaafar Zahraa Sadeq is director of the company, appointed in the act of 19-10-2026.4 Total assets rose from €26,107 in 2021 to €38,703 in 2025.5
Company details
Register details
Identity
KBO recordRegistered office and establishments
2 former offices
- Statiestraat 23, 2600 Antwerpen until 30-09-2026 · act of 19-10-2026
- Driekoningenstraat 108, 2600 Antwerpen until 01-01-2026 · act of 11-02-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11018B0096/00S015 | Flanders | 298 m² | 1 · 81 m² | 9.0 m · 1 |