Active BE 0838.534.415Private limited companyOpen bankruptcy

HMZ

Schoendalestraat 306 ·8792 Waregem, Belgium· 15 yrs active

Sector: NACE 74120 (74120)

Conclusion Checked

A bankruptcy procedure is open for HMZ according to publications in the Belgian State Gazette. The 2019 annual accounts show negative equity (€-4.94M) and a net result of €-5.16M.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-4.94M
Net result	€-5.16M
Staff (FTE)	1.4
Active	15 yrs

Snowflake analysis 5 axes · computed by Checked

33 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 33

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2019 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 29-05-2020 with the NBB · fiscal year 2019 · verkort

Operating resultNet result

EBITDA

€-3.53M

- far below sector median

Net profit

€-5.16M

-240.7% far below sector median

Cash flow

€-5.15M

-307.0% far below sector median

Total assets

€742k

-85.8% far above sector median

Equity

€-4.94M

-282.7% far below sector median

Working capital

€-4.31M

-726.8% far below sector median

Employees (FTE)

1

-17.6% -30% vs sector

Debt

€5.68M

-12.8% far above sector median

Debt ≤ 1y

€5.04M

-12.0% far above sector median

Debt > 1y

€637k

-19.0% +88% vs sector

Current ratio

0.15

-84.0% -98% vs sector

Quick ratio

0.15

-81.2% -98% vs sector

Solvency

-664.8%

-2592.2% far below sector median

Debt / equity

-0.13

+78.8% far below sector median

ROE

104.6%

-11.0% +172% vs sector

ROA

-695.1%

-2296.7% far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Revenue	-
EBITDA	€-3.53M
Net profit	€-5.16M
Cash flow	€-5.15M
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€742k
Equity	€-4.94M
Debt	€5.68M
of which ≤ 1y	€5.04M
of which > 1y	€637k
Working capital	€-4.31M
Employees (FTE)	1.4

Ratios (computed)

	2019
Current ratio	0.15
Quick ratio	0.15
Working capital ratio	-579.9%
Solvency	-664.8%
Debt / equity	-0.13
Long-term debt ratio	-0.13
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-695.1%
ROE	104.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2019

Assets

Fixed assets €8k · 1.0% Current assets €735k · 99.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€742k
Fixed assets	21/28	€8k
Intangible fixed assets	21	€3k
Tangible fixed assets	22/27	€4k
Financial fixed assets	28	€900
Current assets	29/58	€735k
Amounts receivable within one year	40/41	€735k
Cash & bank	54/58	€146
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€742k
Equity	10/15	€-4.94M
Contributions / capital	10/11	€225k
Accumulated profits (losses)	14	€-5.16M
Amounts payable	17/49	€5.68M
Amounts payable after one year	17	€637k
Amounts payable within one year	42/48	€5.04M
Trade debts payable within one year	44	€680k
Income statement
Gross operating margin	9900	€1.31M
Operating result	9901	€-3.54M
Financial income	75	€903
Financial charges	65	€110k
Result before taxes	9903	€-3.65M
Net result for the period	9904	€-3.65M
Result to be appropriated	9905	€-3.65M

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	RANDALL HUYSENTRUYT DEKEN CAMERLYNCK- LAAN 85, 8500 KORTRIJK	03-12-2020 → present	Belgian State Gazette

Legal Structure

NACE primary	74120
Legal form	Private limited company(610)
Incorporation	19-07-2011
Status	Active
Postal code	8792
First BS signal	09-12-2020
Latest BS signal	09-12-2020

Company structure, linked entities1 linked entities

Mandates

Establishment units 1 location

FLEXURA

Schoendalestraat 306, 8792 WaregemOverige grafische activiteiten n.e.g.

since 20112.202.341.547

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34010A0597/00T000	Flanders	2.8 ha	1 · 2.0 ha	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 8 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

09-12-2020

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Kortrijk · HMZ BV SCHOENDALE- STRAAT 306, 8792 WAREGEM · event 03-12-2020

29-05-2020