HMG TECHNICS
ActiveThe computed 12-month bankruptcy probability of HMG TECHNICS is 2.9% (moderate). The 2025 annual accounts show negative equity (€-35k) and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 27407 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-46
Solvency33=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€35k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
7 d late
2021
29 d late
2020
28 d late
2019
57 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-35k▼ 12.2%
2024 · €-31k
2019: €6k
2020: €7k
2021: €9k
2022: €6k
2023: €-5k
2024: €-31k
2019 → 2025
Total assets
€337▼ 97.2%
2024 · €12k
2019: €17k
2020: €15k
2021: €19k
2022: €16k
2023: €19k
2024: €12k
2019 → 2025
Net result
€-4k▲ 85.6%
2024 · €-27k
2019: €-13k
2020: €991
2021: €1k
2022: €-3k
2023: €-10k
2024: €-27k
2019 → 2025
Working capital
€-35k▲ 2.5%
2024 · €-36k
2019: €2k
2020: €2k
2021: €-6k
2022: €-6k
2023: €-13k
2024: €-36k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€6k▼ 35.2%€-5k€-31k▼ 563%€-35k▼ 12.2%
Operating result€2k-€-2k€-9k▼ 414%€-25k▼ 171%€-4k▲ 85.9%
Net result€1k-€-3k€-10k▼ 242%€-27k▼ 160%€-4k▲ 85.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €25k in 2024; the loss shrinks.
Key figures and ratios
Debt
€36k▼
2024 · €44k
Debt ≤ 1 year
€36k▼
2024 · €44k
Income taxes
€104▼
2024 · €213
Ratios withheld: a balance sheet total of €337 is too small for a meaningful ratio.
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€12k€337▼
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Furniture and vehicles24€5k-
Current assets29/58€7k€337▼
Amounts receivable within one year40/41€7k€337▼
Trade receivables40€7k-
Other amounts receivable41€422€337▼
Cash at bank and in hand54/58€49-
Equity and liabilities
Total equity and liabilities10/49€12k€337▼
Equity10/15€-31k€-35k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-50k€-54k▼
Amounts payable17/49€44k€36k▼
Amounts payable within one year42/48€44k€36k▼
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€384€698▲
Suppliers440/4€384€698▲
Advances received on contracts in progress46€7k-
Taxes, remuneration and social security45€10k€317▼
Taxes450/3€417€317▼
Remuneration and social security454/9€10k-
Other amounts payable47/48€25k€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k-
Other operating charges640/8-€1k
Gross operating margin9900€-22k€-2k▲
Operating profit (loss)9901€-25k€-4k▲
Financial income75/76B€30-
Recurring financial income75€30-
Financial charges65/66B€1k€160▼
Recurring financial charges65€750€160▼
Non-recurring financial charges66B€353-
Profit (loss) for the period before taxes9903€-26k€-4k▲
Income taxes67/77€213€104▼
Profit (loss) for the period9904€-27k€-4k▲
Profit (loss) for the period to be appropriated9905€-27k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-54k▼
Profit (loss) brought forward from the previous period14P€-23k€-50k▼
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2019net €1k ▲49.4%
Operating result €2k, net result €1k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Back to profitnet €991
Net result €991 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kraainem · 1 establishment unit since 2021
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.
Steenweg op Mechelen 4551950 KraainemGround area
1.2 ha
Building footprint
937 m²
Volume, LiDAR
34,850 m³
2 parcels, Flanders, Wallonia · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
HMG TECHNICS
since 20212.386.626.897
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 52044B0515/00N009 | Wallonia | 304 m² | 1 · 72 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 1020.760.197
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Tim Faes
BE 1015.102.822
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Loodgieter-sb
BE 0732.609.227
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TAHIR-GENARD
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Mettet · Eq €6k
Of 6,991 companies in sector 43221 we hold annual accounts for 3,445. 1,183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-06-2018
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43990Other specialised construction activities
47527Retail trade
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.