HMZ
Open bankruptcyA bankruptcy procedure is open for HMZ according to publications in the Belgian State Gazette; curator: RANDALL HUYSENTRUYT.
Summary
The 2019 annual accounts show negative equity (-€4.9m) and a net result of -€3.6m.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 3 December 2020
- Supervising judge
- Marc Leterme
- Official Gazette
- 09-12-2020 (pdf) ↗search the document for 2020/145926
Deadlines
- Provisional date payments stopped
- 3 December 2020A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 24 December 2020Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 2 January 2021art. XX.104 and XX.155 CEL
- First verification report
- passed on 26 January 2021Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 3 December 2021Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Randall HuysentruytDeken Camerlynck- Laan 85, 8500 Kortrijkrandall.huysentruyt@skynet.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 29-05-2020, 29 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
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2019 accounts 29 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Graphic design and visual communication sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2019, abbreviated schema
Equity
-€4.9m▼ 283%
2018 · -€1.3m
Total assets
€742,381▼ 85.8%
2018 · €5.2m
Net result
-€3.6m▼ 860%
2018 · -€379,844
Working capital
-€4.3m▼ 727%
2018 · -€520,709
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
Line20182019
Operating result-€229,247--€3.5m▼ 1,443%
Net result-€379,844--€3.6m▼ 860%
Equity-€1.3m--€4.9m▼ 283%
Total assets€5.2m-€742,381▼ 85.8%
Debt€6.5m-€5.7m▼ 12.8%
Working capital-€520,709--€4.3m▼ 727%
Staff (FTE)1.7-1.4▼ 17.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.5m in 2019 against €229,247 in 2018; the loss grows.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €742,381
Fixed assets
€7,603 ▼ 59.2%
Current assets
€734,778 ▼ 85.9%
Key figures and ratios
EBITDA
-€3.5m▼
2018 · €20,088
Cash flow
-€3.6m▼
2018 · -€130,509
Solvency
-664.8%▼
2018 · -24.7%
Current ratio
0.15▼
2018 · 0.91
Debt to equity
-0.13▲
2018 · -0.61
ROA
-491.1%▼
2018 · -7.3%
Debt ≤ 1 year
€5.0m▼
2018 · €5.7m
Debt > 1 year
€637,422▼
2018 · €787,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €249,335 | €11,328 | ▼ 95.5% |
| Gross operating margin9900 | €104,322 | €1.3m | ▲ 1,156% |
| Operating profit (loss)9901 | -€229,247 | -€3.5m | ▼ 1,443% |
| Recurring financial income75 | €15,213 | €903 | ▼ 94.1% |
| Recurring financial charges65 | €165,809 | €110,147 | ▼ 33.6% |
| Profit (loss) for the period before taxes9903 | -€379,844 | -€3.6m | ▼ 860% |
| Profit (loss) for the period9904 | -€379,844 | -€3.6m | ▼ 860% |
| Profit (loss) for the period to be appropriated9905 | -€379,844 | -€3.6m | ▼ 860% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €5.2m | €742,381 | ▼ 85.8% |
| Fixed assets21/28 | €18,631 | €7,603 | ▼ 59.2% |
| Intangible fixed assets21 | €4,113 | €3,084 | ▼ 25.0% |
| Tangible fixed assets22/27 | €13,918 | €3,619 | ▼ 74.0% |
| Financial fixed assets28 | €600 | €900 | ▲ 50.0% |
| Current assets29/58 | €5.2m | €734,778 | ▼ 85.9% |
| Stocks and contracts in progress3 | €754,761 | - | - |
| Amounts receivable within one year40/41 | €4.3m | €734,632 | ▼ 83.0% |
| Cash at bank and in hand54/58 | €13,663 | €146 | ▼ 98.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €5.2m | €742,381 | ▼ 85.8% |
| Equity10/15 | -€1.3m | -€4.9m | ▼ 283% |
| Contributions10/11 | €225,000 | €225,000 | = |
| Profit (loss) carried forward14 | -€1.5m | -€5.2m | ▼ 241% |
| Amounts payable17/49 | €6.5m | €5.7m | ▼ 12.8% |
| Amounts payable after more than one year17 | €787,422 | €637,422 | ▼ 19.0% |
| Amounts payable within one year42/48 | €5.7m | €5.0m | ▼ 12.0% |
| Trade debts44 | €4.4m | €680,440 | ▼ 84.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€379,844 | -€3.6m | ▼ 860% |
| + Depreciation and write-downs630 | €249,335 | €11,328 | ▼ 95.5% |
| Operating cash flow (approximation) | -€130,509 | -€3.6m | ▼ 2,685% |
| Investment in fixed assets (approximation) | - | -€300 | - |
| Change in cash | - | -€13,517 | - |
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
2020
09-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 03-12-2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
15-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
20-01
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalNBB filing
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Waregem · 1 establishment unit since 2011
Ground area
2.8 ha
Building footprint
2.0 ha
Parcel 34010A0597/00T000, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
FLEXURA
since 20112.202.341.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0597/00T000 | Flanders | 2.8 ha | 1 · 2.0 ha | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | RANDALL HUYSENTRUYT DEKEN CAMERLYNCK-
LAAN 85, 8500 KORTRIJK |
03-12-2020 → present |
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Of 6,289 companies in sector 74120 we hold annual accounts for 1,011. 89 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-2011
Fiscal year end30-09
Activities, NACEBEL 2025
74120Graphic design and visual communication
62900Other information technology and computer services
73110Advertising agencies
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.