Equity
HMD Construct has made a profit in every financial year since 2016.
HMD Construct has made a profit in every financial year since 2016.
The accounts state no turnover.
Green is investment, beige is depreciation.
Between 2017 and 2025, 38% of the full-time equivalents disappeared.
The 2017 accounts came 31 days late. The other nine were filed on time.
More equity than 89% of companies in construction of buildings. Sector median €45,544 · 9,455 companies.
The dashed line is the sector median: 1.5% across 13,459 companies (NACE 41, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 92% of them on solvency, 90% on liquidity, 73% on profitability and 69% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 17,811 companies had the same profile as HMD Construct has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of HMD Construct itself: 0.2% within 12 months.
The method was tested on the 497,447 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 17,811 companies, not a prediction for HMD Construct. 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.
Liquidity is ample, with a current ratio of 3.77 (3.57 in 2024), above the usual 1.5. Short-term debt is 23.8% and cash 37.8% of total assets. 23.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 39 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HMD Construct Fontaine-l'Evêque | €306,781 | €580,734 | 76.2% | - |
| WOOXI Mouscron | €355,891 | €615,633 | -22.6% | 12.3 |
| Ent. MOUCHART J-Luc et Fils Erquelinnes | €316,141 | €472,186 | 60.3% | - |
| CAWOY Beaumont | €327,444 | €473,741 | 55.3% | 12.1 |
| AZ-GROUP Mons | €322,179 | €624,753 | 59.2% | - |
| L.M.D. BATI La Louvière | €270,821 | €470,771 | 7.6% | - |
| Wimat Projects Brasschaat | €326,524 | €529,992 | 23.8% | 0 |
These companies have the same main activity as HMD Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €271,000 and €356,000, founded between 2014 and 2017.
HMD Construct files the micro format. That format states no turnover. The gross margin fell from €674,805 in 2016 to €580,734 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.3m. Estimated: probably between €1.0m and €2.1m.
Higher than 85% of 9,452 companies in 2025.
Higher than 81% of 9,200 companies in 2025.
Higher than 69% of 9,272 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
306,781 | 246,363 | 247,213 | 239,825 | 282,901 | 239,615 | 249,752 | 283,185 | 441,914 | 345,029 | |
21/28 |
31,996 | 27,540 | 27,176 | 25,556 | 31,503 | 39,907 | 50,300 | 69,500 | 63,719 | 44,243 | |
22/27 |
14,973 | 11,943 | 8,659 | 9,284 | 15,231 | 24,669 | 43,905 | 63,105 | 57,824 | 38,348 | |
22 |
7,551 | 7,551 | 7,551 | 7,551 | 7,551 | 7,551 | 7,551 | 7,551 | 7,551 | - | |
23 |
246 | 670 | 1,108 | 1,733 | 2,665 | 2,993 | 4,624 | 5,636 | 5,552 | 1,974 | |
24 |
2,295 | 1,415 | - | - | 5,015 | 14,125 | 31,730 | 49,918 | 44,721 | 36,374 | |
25 |
3,036 | - | - | - | - | - | - | - | - | - | |
26 |
1,845 | 2,307 | - | - | - | - | - | - | - | - | |
28 |
17,023 | 15,597 | 18,517 | 16,272 | 16,272 | 15,238 | 6,395 | 6,395 | 5,895 | 5,895 | |
29/58 |
274,785 | 218,823 | 220,037 | 214,269 | 251,398 | 199,708 | 199,452 | 213,685 | 378,195 | 300,786 | |
3 |
208 | 211 | 40,142 | 64,244 | 75,222 | 74,214 | 19,544 | 12,830 | - | - | |
30/36 |
208 | 211 | 218 | 744 | 1,722 | 1,214 | 1,544 | 2,219 | - | - | |
37 |
- | - | 39,924 | 63,500 | 73,500 | 73,000 | 18,000 | 10,611 | - | - | |
40/41 |
152,739 | 138,181 | 102,857 | 108,557 | 84,689 | 56,114 | 57,014 | 120,516 | 206,947 | 92,544 | |
40 |
65,209 | 57,358 | 56,414 | 81,852 | 23,574 | 46,911 | 46,788 | 99,499 | 121,879 | 90,041 | |
41 |
87,530 | 80,823 | 46,443 | 26,705 | 61,115 | 9,203 | 10,226 | 21,017 | 85,068 | 2,503 | |
54/58 |
115,836 | 36,742 | 38,720 | 2,915 | 53,146 | 23,156 | 114,338 | 79,889 | 168,665 | 202,149 | |
490/1 |
6,002 | 43,689 | 38,318 | 38,553 | 38,341 | 46,224 | 8,556 | 450 | 2,583 | 6,093 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
306,781 | 246,363 | 247,213 | 239,825 | 282,901 | 239,615 | 249,752 | 283,185 | 441,914 | 345,029 | |
10/15 |
233,836 | 185,153 | 167,134 | 164,139 | 163,979 | 162,410 | 160,032 | 159,321 | 158,337 | 113,424 | |
10/11 |
8,060 | 8,060 | 8,060 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | - | - | 6,200 | 6,200 | - | - | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
225,460 | 176,860 | 158,860 | 157,720 | 157,720 | 155,220 | 152,860 | 152,860 | 151,860 | 106,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | |
130 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
133 |
225,460 | 176,860 | 158,860 | 155,860 | 155,860 | 153,360 | 151,000 | 151,000 | 150,000 | 105,000 | |
14 |
316 | 233 | 214 | 219 | 59 | 990 | 972 | 261 | 277 | 364 | |
17/49 |
72,945 | 61,210 | 80,079 | 75,686 | 118,922 | 77,205 | 89,720 | 123,864 | 283,577 | 231,605 | |
17 |
- | - | - | - | - | - | - | 6,793 | 17,902 | 28,797 | |
170/4 |
- | - | - | - | - | - | - | 6,793 | 17,902 | 28,797 | |
42/48 |
72,945 | 61,210 | 80,079 | 75,686 | 118,922 | 77,205 | 89,720 | 107,218 | 265,675 | 202,808 | |
42 |
- | - | - | - | - | - | 6,793 | 11,108 | 113,199 | 10,688 | |
43 |
- | - | 28,357 | 18,357 | 29,000 | - | 15,000 | - | - | - | |
430/8 |
- | - | 28,357 | 18,357 | 29,000 | - | 15,000 | - | - | - | |
44 |
31,395 | 38,378 | 23,392 | 23,816 | 52,297 | 10,937 | 13,439 | 40,432 | 28,358 | 11,015 | |
440/4 |
31,395 | 38,378 | 23,392 | 23,816 | 52,297 | 10,937 | 13,439 | 40,432 | 28,358 | 11,015 | |
46 |
- | - | - | - | 900 | - | 2,220 | 1,000 | - | - | |
45 |
41,550 | 22,832 | 28,330 | 33,513 | 36,725 | 66,268 | 52,268 | 54,678 | 79,118 | 125,299 | |
450/3 |
24,090 | 7,584 | 4,062 | 6,990 | 3,668 | 16,629 | 20,423 | 21,998 | 21,723 | 85,734 | |
454/9 |
17,460 | 15,248 | 24,268 | 26,523 | 33,057 | 49,639 | 31,845 | 32,680 | 57,395 | 39,565 | |
47/48 |
- | - | - | - | - | - | - | - | 45,000 | 55,806 | |
492/3 |
- | - | - | - | - | - | - | 9,853 | - | - | |
| Income statement | |||||||||||
76A |
- | 1,000 | - | - | - | - | - | - | - | - | |
9900 |
580,734 | 472,794 | 435,774 | 522,139 | 502,670 | 472,344 | 533,762 | 551,987 | 717,225 | 674,805 | |
62 |
502,170 | 442,431 | 424,390 | 511,064 | 483,394 | 446,288 | 509,824 | 519,827 | 566,743 | 424,346 | |
630 |
1,327 | 464 | 625 | 5,947 | 10,718 | 19,536 | 21,259 | 22,186 | 16,552 | 11,376 | |
640/8 |
4,126 | 2,810 | 2,768 | 1,744 | 1,517 | 1,951 | 1,139 | 1,137 | 1,035 | 1,297 | |
9901 |
73,111 | 27,089 | 7,991 | 3,384 | 7,041 | 4,569 | 1,540 | 8,837 | 132,895 | 237,786 | |
75/76B |
- | 302 | - | 217 | 557 | 325 | 319 | 665 | 265 | 1,359 | |
75 |
- | 302 | - | 217 | 557 | 325 | 319 | 665 | 265 | 1,359 | |
65/66B |
634 | 1,788 | 3,728 | 1,932 | 5,312 | 1,308 | 1,120 | 3,420 | 4,002 | 423 | |
65 |
634 | 1,788 | 3,728 | 1,932 | 5,312 | 1,308 | 1,120 | 3,420 | 4,002 | 423 | |
9903 |
72,477 | 25,603 | 4,263 | 1,669 | 2,286 | 3,586 | 739 | 6,082 | 129,158 | 238,722 | |
67/77 |
23,794 | 7,584 | 1,268 | 1,509 | 717 | 1,208 | 28 | 5,098 | 39,245 | 81,498 | |
9904 |
48,683 | 18,019 | 2,995 | 160 | 1,569 | 2,378 | 711 | 984 | 89,913 | 157,224 | |
9905 |
48,683 | 18,019 | 2,995 | 160 | 1,569 | 2,378 | 711 | 984 | 89,913 | 157,224 | |
| Appropriation of the result | |||||||||||
9906 |
48,916 | 18,233 | 3,214 | 219 | 2,559 | 3,350 | 972 | 1,261 | 90,277 | 157,224 | |
14P |
233 | 214 | 219 | 59 | 990 | - | - | - | - | - | |
691/2 |
48,600 | 18,000 | 3,000 | - | 2,500 | 2,360 | - | 1,000 | 45,000 | 106,860 | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
48,600 | 18,000 | 3,000 | - | 2,500 | 2,360 | - | 1,000 | 45,000 | 105,000 | |
694/7 |
- | - | - | - | - | - | - | - | 45,000 | 50,000 | |
694 |
- | - | - | - | - | - | - | - | 45,000 | 50,000 | |
| Social balance sheet | |||||||||||
9087 |
10 | 10 | 10 | 12 | 12 | 12 | 13 | 14 | 16 | 10.1 | |
Hours worked1013 |
22,168 | 21,874 | 21,226 | 24,261 | 22,236 | 20,279 | 22,039 | 23,734 | 27,125 | 17,123 | |
| Document | |||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-06-2026 | 2026-00161762 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00254421 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00134135 | |
| 31-12-2022 | micro format | 22-05-2023 | 2023-00096091 | |
| 31-12-2021 | micro format | 15-07-2022 | 2022-20197258 | |
| 31-12-2020 | micro format | 05-07-2021 | 2021-31800055 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-16000261 | |
| 31-12-2018 | full format | 16-07-2019 | 2019-33600414 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-58600301 | |
| 31-12-2016 | full format | 18-07-2017 | 2017-32700428 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 74,438 | 27,553 | 8,616 | 9,331 | 17,759 | 24,105 | 22,799 | 31,023 | 149,447 | 249,162 | ||
| 50,010 | 18,483 | 3,620 | 6,107 | 12,287 | 21,914 | 21,970 | 23,170 | 106,465 | 168,600 | ||
| 5,783 | 3,748 | 2,245 | 0 | 2,314 | 9,143 | 2,059 | 27,967 | 36,028 | 55,619 | ||
| 79,094 | -1,978 | 35,805 | -50,231 | 29,990 | -91,182 | 34,449 | -88,776 | -33,484 | - | ||
| 201,840 | 157,613 | 139,958 | 138,583 | 132,476 | 122,503 | 109,732 | 106,467 | 112,520 | 97,978 | ||
| 76.2% | 75.2% | 67.6% | 68.4% | 58.0% | 67.8% | 64.1% | 56.3% | 35.8% | 32.9% | ||
| 3.77 | 3.57 | 2.75 | 2.83 | 2.11 | 2.59 | 2.22 | 1.99 | 1.42 | 1.48 | ||
| 3.76 | 3.57 | 2.25 | 1.98 | 1.48 | 1.63 | 2.01 | 1.87 | 1.42 | 1.48 | ||
| 0.31 | 0.33 | 0.48 | 0.46 | 0.73 | 0.48 | 0.56 | 0.78 | 1.79 | 2.04 | ||
| 20.8% | 9.7% | 1.8% | 0.1% | 1.0% | 1.5% | 0.4% | 0.6% | 56.8% | 138.6% | ||
| 15.9% | 7.3% | 1.2% | 0.1% | 0.6% | 1.0% | 0.3% | 0.3% | 20.3% | 45.6% | ||
| over 100 | 15.41 | 2.31 | 4.83 | 3.34 | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 10 | 10 | 10 | 12 | 12 |
| full-time | 10 | 10 | 10 | 12 | 12 |
| in full-time equivalents | 10 | 10 | 10 | 12 | 12 |
| 10 | 10 | 10 | 12 | 12 | |
| On a permanent contract | 10 | 10 | 10 | 12 | 12 |
| Joined | - | - | 0 | - | - |
| Left | - | - | 2 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,357 | €3,748 | - | - | €1,280 |
| Financial fixed assets | €1,426 | - | €2,245 | - | €1,034 |
| €1,327 | €464 | €625 | €5,947 | €10,718 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 170% higher than in 2024 and the highest since 2017. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 24.8% to 23.8%. Equity and debt are higher.
HMD Construct has no parent and no holdings in its annual accounts. HAUMONT Didier is the only director. HMD Construct shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Pétria (F-E) 98 registered office 6140 Fontaine-l'Evêque | 04-01-2016 | 2.249.000.527 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52022C0168/00L004 | 2,265 m² | 1 · 322 m² | 7.5 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0644.716.141
If something looks wrong or is missing, please tell us.