HMTechnics
ActiveSummary
The computed 12-month bankruptcy probability of HMTechnics is 2.0% (moderate). The 2024 annual accounts show equity of €119,020 and a net result of €45,537. Equity is growing by ~50% per year across the filed fiscal years. Its solvency ranks better than 65% of 1631 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+2
Solvency84▼-14
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 3.09 in 2023; short-term debt: 31.8% and cash: 50.4% of total assets), and 40.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
16 d early
2022
26 d late
2021
30 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 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€119,020▲ 60.2%
2023 · €74,316
Total assets
€200,335▲ 97.1%
2023 · €101,656
Net result
€45,537▲ 110%
2023 · €21,635
Working capital
€89,981▲ 59.0%
2023 · €56,595
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€26,703-€27,156▲ 1.7%€28,014▲ 3.2%€60,238▲ 115%
Net result€21,348-€20,333▼ 4.8%€21,635▲ 6.4%€45,537▲ 110%
Equity€34,748-€53,481▲ 53.9%€74,316▲ 39.0%€119,020▲ 60.2%
Total assets€61,464-€83,668▲ 36.1%€101,656▲ 21.5%€200,335▲ 97.1%
Debt€26,716-€30,188▲ 13.0%€27,340▼ 9.4%€81,316▲ 197%
Working capital€22,673-€36,143▲ 59.4%€56,595▲ 56.6%€89,981▲ 59.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 115% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €200,335
Fixed assets
€46,705 ▲ 159%
Current assets
€153,630 ▲ 83.7%
Equity and liabilities €200,335
Equity
€119,020 ▲ 60.2%
Debt
€81,316 ▲ 197%
Debt's share of the balance-sheet total rises from 26.9% to 40.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,749▲
2023 · €33,509
Cash flow
€59,048▲
2023 · €27,130
Current ratio
2.41▼
2023 · 3.09
Debt to equity
0.68▲
2023 · 0.37
ROE
38.3%▲
2023 · 29.1%
ROA
22.7%▲
2023 · 21.3%
Interest coverage
40.74▼
2023 · 55.13
Debt ≤ 1 year
€63,649▲
2023 · €27,033
Debt > 1 year
€17,000
Income taxes
€12,891▲
2023 · €5,771
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €595 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,858 | €4,863 | €5,495 | €13,511 | ▲ 146% |
| Other operating charges640/8 | €770 | €948 | €939 | €358 | ▼ 61.8% |
| Gross operating margin9900 | €29,331 | €32,968 | €35,043 | €74,107 | ▲ 111% |
| Operating profit (loss)9901 | €26,703 | €27,156 | €28,014 | €60,238 | ▲ 115% |
| Financial income75/76B | €20 | €19 | - | - | - |
| Recurring financial income75 | €20 | €19 | - | - | - |
| Financial charges65/66B | €263 | €263 | €608 | €1,810 | ▲ 198% |
| Recurring financial charges65 | €263 | €263 | €608 | €1,810 | ▲ 198% |
| Profit (loss) for the period before taxes9903 | €26,460 | €26,912 | €27,406 | €58,428 | ▲ 113% |
| Income taxes67/77 | €5,112 | €6,580 | €5,771 | €12,891 | ▲ 123% |
| Profit (loss) for the period9904 | €21,348 | €20,333 | €21,635 | €45,537 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €21,348 | €20,333 | €21,635 | €45,537 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €61,464 | €83,668 | €101,656 | €200,335 | ▲ 97.1% |
| Fixed assets21/28 | €22,191 | €21,985 | €18,028 | €46,705 | ▲ 159% |
| Tangible fixed assets22/27 | €22,191 | €21,985 | €18,028 | €46,705 | ▲ 159% |
| Plant, machinery and equipment23 | - | €4,604 | €5,937 | €6,925 | ▲ 16.6% |
| Furniture and vehicles24 | - | - | - | €32,019 | - |
| Leasing and similar rights25 | €22,191 | €17,381 | €12,090 | €7,762 | ▼ 35.8% |
| Current assets29/58 | €39,273 | €61,684 | €83,628 | €153,630 | ▲ 83.7% |
| Amounts receivable within one year40/41 | €13,383 | €15,138 | €24,114 | €51,116 | ▲ 112% |
| Trade receivables40 | €13,354 | €15,138 | €23,912 | €50,187 | ▲ 110% |
| Other amounts receivable41 | €29 | €0 | €202 | €929 | ▲ 361% |
| Cash at bank and in hand54/58 | €25,443 | €46,082 | €57,349 | €101,022 | ▲ 76.2% |
| Deferred charges and accrued income490/1 | €447 | €463 | €2,165 | €1,492 | ▼ 31.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €61,464 | €83,668 | €101,656 | €200,335 | ▲ 97.1% |
| Equity10/15 | €34,748 | €53,481 | €74,316 | €119,020 | ▲ 60.2% |
| Contributions10/11 | €16,500 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €18,248 | €38,481 | €59,316 | €104,020 | ▲ 75.4% |
| Distributable reserves133 | €18,248 | €38,481 | €59,316 | €104,020 | ▲ 75.4% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €26,716 | €30,188 | €27,340 | €81,316 | ▲ 197% |
| Amounts payable after more than one year17 | €10,116 | €4,647 | - | €17,000 | - |
| Financial debts170/4 | €10,116 | €4,647 | - | €17,000 | - |
| Amounts payable within one year42/48 | €16,600 | €25,540 | €27,033 | €63,649 | ▲ 135% |
| Current portion of amounts payable after more than one year42 | €5,398 | €5,469 | €3,685 | €11,488 | ▲ 212% |
| Trade debts44 | €530 | €7,371 | €566 | €623 | ▲ 10.1% |
| Suppliers440/4 | €530 | €7,371 | €566 | €623 | ▲ 10.1% |
| Taxes, remuneration and social security45 | €9,552 | €9,031 | €9,157 | €26,906 | ▲ 194% |
| Taxes450/3 | €9,552 | €9,031 | €9,157 | €24,806 | ▲ 171% |
| Remuneration and social security454/9 | - | - | - | €2,100 | - |
| Other amounts payable47/48 | €1,120 | €3,670 | €13,625 | €24,632 | ▲ 80.8% |
| Accrued charges and deferred income492/3 | - | - | €307 | €667 | ▲ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,348 | €20,333 | €21,635 | €45,537 | ▲ 110% |
| + Depreciation and write-downs630 | €1,858 | €4,863 | €5,495 | €13,511 | ▲ 146% |
| Operating cash flow (approximation) | €23,206 | €25,196 | €27,130 | €59,048 | ▲ 118% |
| Investment in fixed assets (approximation) | - | -€4,657 | -€1,538 | -€42,188 | ▼ 2,643% |
| Change in cash | - | €20,638 | €11,268 | €43,672 | ▲ 288% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €45,537 ▲110%
Operating result €60,238, net result €45,537, both a record.
31-12
Financial
Equity above €100,000Eq €119,020 ▲60.2%
4 profitable years in a row build equity to €119,020.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-12
Financial
Weakest financial yearnet €20,333 ▼4.8%
Net result drops to €20,333, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 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, Moorslede · 1 establishment unit since 2024
Ground area
976 m²
Building footprint
114 m²
Volume, LiDAR
704 m³
Parcel 36012E0884/00S009, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HMTechnics
since 20242.363.759.148
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012E0884/00S009 | Flanders | 976 m² | 1 · 114 m² | 8.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 206 EUR awarded · 206 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 206 EUR | 206 EUR |
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Of 3,718 companies in sector 33120 we hold annual accounts for 1,345. 1,138 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
Founded23-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
25110Manufacture of metal structures and parts of structures
28120Manufacture of machinery and equipment not elsewhere classified
Scores and ratios are computed by Checked and are not a credit decision.