HMS-Power

Active

Private limited companyfounded 20205 yrs activeBrussegemkerkstraat 1, 1785 Merchtem, BelgiumKBO/BCE: BE 0760.517.414

HMS-Power has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €772. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 3099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

54 / 100

Fair▼ -46 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability4▼-96

Solvency60▼-29

Growth52▼-26

Stability94

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.83 against 1.54 in 2024), and 58.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 01

Relative position

BE, all sectors

reference

Sector 01

lower

← fewer bankruptcies more bankruptcies →

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

41.4%

Return on assets

0.4%

Age of the figures

8 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

30 d early

2024

29 d early

2023

34 d late

2022

28 d late

2021

30 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€89k▲ 0.9%

2024 · €88k

2021: €48k 2022: €59k 2023: €65k 2024: €88k

2021 → 2025

Total assets

€216k▲ 55.7%

2024 · €138k

2021: €60k 2022: €115k 2023: €135k 2024: €138k

2021 → 2025

Net result

€772▼ 96.7%

2024 · €23k

2021: €18k 2022: €10k 2023: €7k 2024: €23k

2021 → 2025

Working capital

€-7k

2024 · €18k

2021: €6k 2022: €20k 2023: €-8k 2024: €18k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€48k-€59k▲ 21.1%€65k▲ 11.5%€88k▲ 35.3%€89k▲ 0.9%

Operating result€26k-€13k▼ 48.8%€11k▼ 14.9%€33k▲ 190%€7k▼ 80.0%

Net result€18k-€10k▼ 44.4%€7k▼ 33.7%€23k▲ 241%€772▼ 96.7%

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 80% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €216k

83.9%

16.1%

Fixed assets €181k▲ 109%

Current assets €35k▼ 33.1%

Equity and liabilities €216k

41.4%

58.6%

Equity €89k▲ 0.9%

Debt €126k▲ 152%

The debt ratio rises from 36.2% to 58.6%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€23k▼

2024 · €42k

Cash flow

€17k▼

2024 · €32k

Solvency

41.4%▼

2024 · 63.8%

Current ratio

0.83▼

2024 · 1.54

Quick ratio

0.83▼

2024 · 1.54

Debt / equity

1.42▲

2024 · 0.57

ROE

0.9%▼

2024 · 26.1%

ROA

0.4%▼

2024 · 16.7%

Interest coverage

7.87▼

2024 · 11.38

Debt

€126k▲

2024 · €50k

Debt ≤ 1 year

€42k▲

2024 · €34k

Debt > 1 year

€84k▲

2024 · €16k

Income taxes

€3k▼

2024 · €6k

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€138k€216k▲

Fixed assets21/28€86k€181k▲

Tangible fixed assets22/27€86k€181k▲

Land and buildings22-€106k

Plant, machinery and equipment23€42k€37k▼

Furniture and vehicles24€44k€37k▼

Current assets29/58€52k€35k▼

Amounts receivable within one year40/41€28k€26k▼

Trade receivables40€28k€24k▼

Other amounts receivable41-€2k

Cash at bank and in hand54/58€21k€6k▼

Deferred charges and accrued income490/1€3k€3k▼

Equity and liabilities

Total equity and liabilities10/49€138k€216k▲

Equity10/15€88k€89k▲

Contributions10/11€30k€30k=

Reserves13€58k€59k▲

Distributable reserves133€58k€59k▲

Amounts payable17/49€50k€126k▲

Amounts payable after more than one year17€16k€84k▲

Financial debts170/4€16k€84k▲

Amounts payable within one year42/48€34k€42k▲

Current portion of amounts payable after more than one year42€5k€12k▲

Trade debts44€7k€10k▲

Suppliers440/4€7k€10k▲

Taxes, remuneration and social security45€11k€10k▼

Taxes450/3€9k€7k▼

Remuneration and social security454/9€2k€3k▲

Other amounts payable47/48€11k€10k▼

Income statement Code20242025

Non-recurring operating income76A€6k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€17k▲

Other operating charges640/8€823€745▼

Non-recurring operating charges66A€7k-

Gross operating margin9900€49k€24k▼

Operating profit (loss)9901€33k€7k▼

Financial charges65/66B€4k€3k▼

Recurring financial charges65€4k€3k▼

Profit (loss) for the period before taxes9903€29k€4k▼

Income taxes67/77€6k€3k▼

Profit (loss) for the period9904€23k€772▼

Profit (loss) for the period to be appropriated9905€23k€772▼

Appropriation of the result

Profit (loss) to be appropriated9906€23k€772▼

Transfer to equity691/2€23k€772▼

To other reserves6921€23k€772▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €772 ▼96.7%

Net result drops to €772, the lowest in the series.

02-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2021net €23k ▲241%

Operating result €33k, net result €23k, both a record.

03-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 34 days late

2023

28-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 28 days late

2022

01-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Merchtem · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Brussegemkerkstraat 11785 Merchtem

Ground area

267 m²

Parcel 23012G0284/00C000, Flanders. Linked by address, not a title deed.

1 establishment unit

Brussegemkerkstraat 1, 1785 Merchtem

Forestry and logging

since 20212.311.458.233

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23012G0284/00C000	Flanders	267 m²	-	-

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

Tongeren-Borgloon · Eq €87k

Of 1,344 companies in sector 01240 we hold annual accounts for 320. 237 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded24-12-2020

Fiscal year end31-12

Activities, NACEBEL

01240Growing of pome and stone fruits

02200Logging

25110Manufacture of metal structures and parts of structures

77221Rental and leasing activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.