HPM
ActiveHPM has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (€-11k) and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 120 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
20
/ 100
Critical▲ +8 vs 2025
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability100=
Solvency39▲+1
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.71 in 2025), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
-24.5%
Return on assets
-13.5%
Age of the figures
6 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2026: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€11k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 02-09-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
59 d early
2025
184 d early
2024
150 d early
2023
99 d early
2022
14 d early
2021
151 d late
2020
51 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k▲ 15.2%
2025 · €-7k
2019: €-10k
2020: €9k
2021: €-5k
2022: €-414
2023: €-352
2024: €2k
2025: €-7k
2019 → 2026
Working capital
€-15k▲ 11.7%
2025 · €-17k
2019: €-5k
2020: €5k
2021: €702
2022: €288
2023: €-6k
2024: €-18k
2025: €-17k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€803-€452▼ 43.8%€2k▲ 394%€-5k€-11k▼ 122%
Operating result€7€2k▲ 26,066%€-9k€-8k▲ 10.6%
Net result€-414-€-352▲ 15.1%€2k€-7k€-6k▲ 15.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2026 against €9k in 2025; the loss shrinks.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €46k
Fixed assets
€4k▼ 69.2%
Current assets
€42k▲ 5.1%
Key figures and ratios
EBITDA
€-88▲
2025 · €-1k
Cash flow
€2k▲
2025 · €875
Solvency
-24.5%▼
2025 · -9.7%
Current ratio
0.74▲
2025 · 0.71
Quick ratio
0.74▲
2025 · 0.71
Debt / equity
-5.08▲
2025 · -11.29
ROE
55.0%▼
2025 · 144.4%
ROA
-13.5%▲
2025 · -14.0%
Interest coverage
-584.67▼
2025 · -9.45
Debt
€57k▲
2025 · €57k
Debt ≤ 1 year
€57k▲
2025 · €57k
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 · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€52k€46k▼
Fixed assets21/28€12k€4k▼
Tangible fixed assets22/27€11k€3k▼
Furniture and vehicles24€11k€3k▼
Financial fixed assets28€516€516=
Current assets29/58€40k€42k▲
Amounts receivable within one year40/41€40k€42k▲
Trade receivables40€62€62=
Other amounts receivable41€40k€42k▲
Cash at bank and in hand54/58€18€18▼
Equity and liabilities
Total equity and liabilities10/49€52k€46k▼
Equity10/15€-5k€-11k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€897€897=
Non-distributable reserves130/1€897€897=
Legal reserve130€897€897=
Profit (loss) carried forward14€-25k€-31k▼
Amounts payable17/49€57k€57k▲
Amounts payable within one year42/48€57k€57k▲
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Remuneration and social security454/9€69€69=
Other amounts payable47/48€54k€54k=
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Gross operating margin9900€-1k€-88▲
Operating profit (loss)9901€-9k€-8k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€109€0▼
Recurring financial charges65€109€0▼
Profit (loss) for the period before taxes9903€-7k€-6k▲
Income taxes67/77€143-
Profit (loss) for the period9904€-7k€-6k▲
Profit (loss) for the period to be appropriated9905€-7k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-31k▼
Profit (loss) brought forward from the previous period14P€-17k€-25k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
02-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 2.64
Current ratio from 0.80 to 2.64; short-term debt falls from €28k to €3k.
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugelette · 1 establishment unit since 1996
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.
Chemin du Cadet(B) 67940 BrugeletteGround area
180 m²
Building footprint
63 m²
Parcel 51012B0519/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HPM
since 19962.075.690.627
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51012B0519/00F000 | Wallonia | 180 m² | 1 · 63 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.
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AJD CORPORATION
BE 0789.523.382
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WE MAKE LEMONADE
BE 0732.975.649
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BE 1020.257.777
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Of 1,299 companies in sector 46423 we hold annual accounts for 806. 152 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-1996
Fiscal year end31-03
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
51421
46412Wholesale of household textiles and bedding
46425Wholesale trade
46498Wholesale trade
51410
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.