HONOREM HM MANAGEMENT
ActiveSummary
HONOREM HM MANAGEMENT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €1.8m. Equity is growing by ~136.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency96▲+55
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 3.33 against 1.18 in 2024; short-term debt: 29.2% of total assets), and 29.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.8%
Return on assets
74.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-02-2026, 171 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
171 d early
2024
147 d early
2023
127 d early
2022
81 d early
2021
79 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 121 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.8m▲ 427%
2024 · €332,748
Total assets
€2.5m▲ 18.4%
2024 · €2.1m
Net result
€1.8m▲ 22.0%
2024 · €1.5m
Working capital
€1.7m▲ 448%
2024 · €307,937
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
Line20212022202320242025
Operating result€58,130-€148,712▲ 156%€1.0m▲ 585%€2.0m▲ 96.4%€2.4m▲ 22.4%
Net result€41,179-€107,594▲ 161%€777,874▲ 623%€1.5m▲ 93.7%€1.8m▲ 22.0%
Equity€46,179-€153,773▲ 233%€931,647▲ 506%€332,748▼ 64.3%€1.8m▲ 427%
Total assets€91,858-€227,905▲ 148%€1.3m▲ 459%€2.1m▲ 64.2%€2.5m▲ 18.4%
Debt€45,679-€74,132▲ 62.3%€341,705▲ 361%€1.8m▲ 414%€723,869▼ 58.8%
Working capital€42,752-€151,482▲ 254%€917,796▲ 506%€307,937▼ 66.4%€1.7m▲ 448%
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 four years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€63,554 ▲ 156%
Current assets
€2.4m ▲ 16.8%
Equity and liabilities €2.5m
Equity
€1.8m ▲ 427%
Debt
€723,869 ▼ 58.8%
Debt's share of the balance-sheet total falls from 84.1% to 29.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.5m▲
2024 · €2.0m
Cash flow
€1.9m▲
2024 · €1.5m
Current ratio
3.33▲
2024 · 1.18
Debt to equity
0.41▼
2024 · 5.28
ROE
105.0%▼
2024 · 452.9%
ROA
74.3%▲
2024 · 72.1%
Interest coverage
252.06▼
2024 · 390.05
Debt ≤ 1 year
€723,869▼
2024 · €1.8m
Income taxes
€614,989▲
2024 · €501,625
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,776 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €90 | - |
| Remuneration, social security and pensions62 | €1,079 | - | €3,430 | €1,632 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €758 | €1,136 | €2,564 | €6,842 | €13,098 | ▲ 91.4% |
| Other operating charges640/8 | - | €266 | €240 | €252 | €674 | ▲ 167% |
| Gross operating margin9900 | €59,967 | €150,113 | €1.0m | €2.0m | €2.5m | ▲ 22.5% |
| Operating profit (loss)9901 | €58,130 | €148,712 | €1.0m | €2.0m | €2.4m | ▲ 22.4% |
| Financial income75/76B | €0 | €1,179 | €8,944 | €12,427 | €14,867 | ▲ 19.6% |
| Recurring financial income75 | €0 | €1,179 | €8,944 | €12,427 | €14,867 | ▲ 19.6% |
| Financial charges65/66B | €63 | €1,775 | €1,610 | €5,148 | €9,768 | ▲ 89.7% |
| Recurring financial charges65 | €63 | €1,775 | €1,610 | €5,148 | €9,768 | ▲ 89.7% |
| Profit (loss) for the period before taxes9903 | €58,067 | €148,115 | €1.0m | €2.0m | €2.5m | ▲ 22.2% |
| Income taxes67/77 | €16,888 | €40,521 | €248,528 | €501,625 | €614,989 | ▲ 22.6% |
| Profit (loss) for the period9904 | €41,179 | €107,594 | €777,874 | €1.5m | €1.8m | ▲ 22.0% |
| Transfer to tax-exempt reserves689 | - | - | - | €126,300 | €294,700 | ▲ 133% |
| Profit (loss) for the period to be appropriated9905 | €41,179 | €107,594 | €777,874 | €1.4m | €1.5m | ▲ 11.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91,858 | €227,905 | €1.3m | €2.1m | €2.5m | ▲ 18.4% |
| Fixed assets21/28 | €3,427 | €2,291 | €13,850 | €24,811 | €63,554 | ▲ 156% |
| Tangible fixed assets22/27 | €3,427 | €2,291 | €13,850 | €24,811 | €63,554 | ▲ 156% |
| Plant, machinery and equipment23 | - | - | €2,613 | €2,338 | €27,629 | ▲ 1,082% |
| Furniture and vehicles24 | €3,427 | €2,291 | €11,238 | €22,473 | €35,925 | ▲ 59.9% |
| Current assets29/58 | €88,431 | €225,614 | €1.3m | €2.1m | €2.4m | ▲ 16.8% |
| Amounts receivable within one year40/41 | €26,217 | €27,635 | €590,530 | €1.5m | €2.1m | ▲ 34.1% |
| Trade receivables40 | €26,217 | €27,635 | €431,050 | €1.5m | €2.1m | ▲ 34.1% |
| Other amounts receivable41 | - | - | €159,480 | - | - | - |
| Current investments50/53 | €30,000 | €151,000 | €637,000 | €518,000 | €348,023 | ▼ 32.8% |
| Cash at bank and in hand54/58 | €30,576 | €44,574 | €27,067 | €4,431 | - | - |
| Deferred charges and accrued income490/1 | €1,639 | €2,404 | €4,905 | €5,391 | €2,885 | ▼ 46.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91,858 | €227,905 | €1.3m | €2.1m | €2.5m | ▲ 18.4% |
| Equity10/15 | €46,179 | €153,773 | €931,647 | €332,748 | €1.8m | ▲ 427% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €19,600 | €70,835 | €70,835 | €197,135 | €472,235 | ▲ 140% |
| Tax-exempt reserves132 | - | - | - | €126,300 | €421,000 | ▲ 233% |
| Distributable reserves133 | €19,600 | €70,835 | €70,835 | €70,835 | €51,235 | ▼ 27.7% |
| Profit (loss) carried forward14 | €21,579 | €77,938 | €855,811 | €130,613 | €1.3m | ▲ 876% |
| Amounts payable17/49 | €45,679 | €74,132 | €341,705 | €1.8m | €723,869 | ▼ 58.8% |
| Amounts payable within one year42/48 | €45,679 | €74,132 | €341,705 | €1.8m | €723,869 | ▼ 58.8% |
| Financial debts43 | - | - | - | €309,325 | €337,119 | ▲ 9.0% |
| Credit institutions430/8 | - | - | - | €309,325 | €337,119 | ▲ 9.0% |
| Trade debts44 | €3,870 | €7,803 | €5,869 | €6,245 | €5,450 | ▼ 12.7% |
| Suppliers440/4 | €3,870 | €7,803 | €5,869 | €6,245 | €5,450 | ▼ 12.7% |
| Taxes, remuneration and social security45 | €38,600 | €66,267 | €335,836 | €490,471 | €188,017 | ▼ 61.7% |
| Taxes450/3 | €38,600 | €66,267 | €335,836 | €490,471 | €188,017 | ▼ 61.7% |
| Other amounts payable47/48 | €3,209 | €61 | - | €951,703 | €193,284 | ▼ 79.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,179 | €107,594 | €777,874 | €1.5m | €1.8m | ▲ 22.0% |
| + Depreciation and write-downs630 | €758 | €1,136 | €2,564 | €6,842 | €13,098 | ▲ 91.4% |
| Operating cash flow (approximation) | €41,937 | €108,730 | €780,438 | €1.5m | €1.9m | ▲ 22.4% |
| Investment in fixed assets (approximation) | - | €0 | -€14,123 | -€17,803 | -€51,841 | ▼ 191% |
| Change in cash | - | €13,999 | -€17,508 | -€22,635 | - | - |
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
Next filing, fiscal year 2026, expected by
2026
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €1.8m ▲22%
Operating result €2.4m, net result €1.8m, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.33
Current ratio from 1.18 to 3.33; short-term debt falls from €1.8m to €723,869.
31-12
Financial
Equity above €1mEq €1.8m ▲427%
5 profitable years in a row build equity to €1.8m.
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €931,647 ▲506%
3 profitable years in a row build equity to €931,647.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €153,773 ▲233%
2 profitable years in a row build equity to €153,773.
13-05
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.
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, Genk · 1 establishment unit since 2021
Ground area
7,249 m²
Building footprint
993 m²
Volume, LiDAR
12,226 m³
Parcel 71016I1543/00A000, Flanders · tallest building 21.5 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HONOREM HM MANAGEMENT
since 20212.316.589.137
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1543/00A000 | Flanders | 7,249 m² | 1 · 993 m² | 21.5 m · 5 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
2023 · 1 entry · 1,470 EUR awarded · 1,470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,470 EUR | 1,470 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 21,694 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
Founded12-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
Marc.ceyssens@honorem-hm.beGenk
Phone
0495598154Genk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766636629
Also
9925:BE0766636629
Registered
31-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.