HR & M
ActiveHR & M has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €333. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-31
Solvency82▲+16
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.27 against 1.81 in 2024; short-term debt: 20.6% and cash: 36.8% of total assets), and 42.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
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
57.4%
Return on assets
0.3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €70k
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
24 d early
2023
30 d early
2022
34 d early
2021
34 d early
2020
17 d early
2019
20 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▲ 0.5%
2024 · €70k
2018: €166k
2019: €180k
2020: €72k
2021: €46k
2022: €28k
2023: €21k
2024: €70k
2018 → 2025
Total assets
€122k▼ 28.0%
2024 · €169k
2018: €211k
2019: €255k
2020: €326k
2021: €77k
2022: €59k
2023: €76k
2024: €169k
2018 → 2025
Net result
€333▼ 99.5%
2024 · €72k
2018: €14k
2019: €14k
2020: €83k
2021: €-26k
2022: €-18k
2023: €13k
2024: €72k
2018 → 2025
Working capital
€57k▲ 8.1%
2024 · €53k
2018: €59k
2019: €59k
2020: €-59k
2021: €36k
2022: €18k
2023: €12k
2024: €53k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€28k▼ 38.2%€21k▼ 24.9%€70k▲ 226%€70k▲ 0.5%
Operating result€-33k-€-15k▲ 54.4%€16k€92k▲ 485%€5k▼ 94.7%
Net result€-26k-€-18k▲ 33.4%€13k€72k▲ 457%€333▼ 99.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€40k▼ 22.3%
Current assets
€82k▼ 30.5%
Equity and liabilities €122k
Equity
€70k▲ 0.5%
Debt
€52k▼ 47.9%
The debt ratio falls from 58.9% to 42.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▼
2024 · €97k
Cash flow
€12k▼
2024 · €77k
Solvency
57.4%▲
2024 · 41.1%
Current ratio
3.27▲
2024 · 1.81
Quick ratio
2.99▲
2024 · 1.69
Debt / equity
0.74▼
2024 · 1.43
ROE
0.5%▼
2024 · 103.6%
ROA
0.3%▼
2024 · 42.6%
Interest coverage
6.84▼
2024 · 69.48
Debt
€52k▼
2024 · €100k
Debt ≤ 1 year
€25k▼
2024 · €65k
Debt > 1 year
€27k▼
2024 · €34k
Income taxes
€2k▼
2024 · €18k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€169k€122k▼
Fixed assets21/28€51k€40k▼
Tangible fixed assets22/27€50k€38k▼
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€41k€32k▼
Financial fixed assets28€2k€2k=
Current assets29/58€118k€82k▼
Stocks and contracts in progress3€8k€7k▼
Stocks30/36€8k€7k▼
Amounts receivable within one year40/41€29k€20k▼
Trade receivables40€17k€0▼
Other amounts receivable41€12k€20k▲
Cash at bank and in hand54/58€74k€45k▼
Deferred charges and accrued income490/1€7k€11k▲
Equity and liabilities
Total equity and liabilities10/49€169k€122k▼
Equity10/15€70k€70k▲
Contributions10/11€12k€12k=
Reserves13€57k€58k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€55k€56k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€100k€52k▼
Amounts payable after more than one year17€34k€27k▼
Financial debts170/4€34k€27k▼
Amounts payable within one year42/48€65k€25k▼
Current portion of amounts payable after more than one year42€5k€8k▲
Trade debts44€21k€1k▼
Suppliers440/4€21k€1k▼
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€8k€15k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€31k€2k▼
Accrued charges and deferred income492/3€35€131▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€2k€819▼
Gross operating margin9900€99k€21k▼
Operating profit (loss)9901€92k€5k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€90k€2k▼
Income taxes67/77€18k€2k▼
Profit (loss) for the period9904€72k€333▼
Profit (loss) for the period to be appropriated9905€72k€333▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€333▼
Profit (loss) brought forward from the previous period14P€-31k€0▲
Transfer from equity791/2€24k€0▼
Transfer to equity691/2€41k€333▼
To other reserves6921€41k€333▼
Profit to be distributed694/7€24k€0▼
Return on contributions (dividend)694€24k€0▼
The notes to these accounts (12 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 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-26k ▼132%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.90
Current ratio from 0.75 to 2.90; short-term debt falls from €234k to €19k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €83k ▲485%
Net result €83k, the highest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Bonheiden · 1 establishment unit since 2012
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.
Boslaan 72820 BonheidenGround area
1,221 m²
Building footprint
268 m²
Volume, LiDAR
4,205 m³
Parcel 12005B0138/00W002, Flanders · tallest building 20.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Boslaan 7, 2820 Bonheiden
since 20122.210.871.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005B0138/00W002 | Flanders | 1,221 m² | 1 · 268 m² | 20.5 m · 6 fl. |
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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Of 4,011 companies in sector 43310 we hold annual accounts for 1,745. 1,523 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-03-2012
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.