Financials
- Fiscal year
- 2025
- Total assets
- €65,654
- Loss
- -€56,820
- Solvency
- -0.7%
Total assets▼ 67.8%
Net result
20212025
HSM Services
ActiveSummary
HSM Services has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€482) and a net result of -€56,820. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 7676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Public relations and communication consultancy
NACE 73300NACE 70210
1 site
Size
€65,654total assets 2025
- Equity
- -€482
- Loss
- -€56,820
Turnover not published (abridged schema)
Structure
Accounts filed 9 d late0 of 2 deeds read
Why 53Capped at 59: negative equity- Loss of €56,820 (FY 2025)- Negative equity -€482+ Sector Advertising, market research and public relations activities (NACE 73)+ Size: total assets €65,654Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 8% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
24-29
equity -0.7% of total assets
Liquidity
15-52
short-term debt 83.7% · cash 8.8%
Profitability
0-99
return on assets -86.5%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 12 months
11-2025: 0.3%
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%▼ -1.5% vs 12-2025
02-2026: 0.3%● 0.0% vs 01-2026
03-2026: 0.3%▲ +1.8% vs 02-2026
04-2026: 0.3%▼ -0.9% vs 03-2026
05-2026: 0.2%▼ -28.9% vs 04-2026lowest value
06-2026: 0.2%▲ +4.2% vs 05-2026
07-2026: 0.2%▲ +1.2% vs 06-2026
08-2026: 0.5%▲ +108% vs 07-2026
09-2026: 1.2%▲ +136% vs 08-2026
10-2026: 1.3%▲ +2.5% vs 09-2026highest value
- Sector Advertising, market research and public relations activities (NACE 73) lowers the probability
- Size: total assets €65,654 lowers the probability for this profile
- Loss of €56,820 (FY 2025) raises the probability
- Negative equity -€482 raises the probability
No credit on open account
Liquidity short (current ratio 0.21 against 1.01 in 2024; short-term debt: 83.7% and cash: 8.8% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, micro). Better than this share of them on solvency 12%, liquidity 9%, profitability 6%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€482
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-08-2026, 9 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 · 5 filingsDeviation from the deadline
2025
9 d late
2024
28 d late
2023
16 d early
2022
31 d late
2021
11 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 8 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 9 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€56,820
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 9
- Since
- 2022
- Next accounts
- by 31-07-2027
- 09-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 28-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Public relations and communication consultancyNACE 73300
- Founded
- 18-03-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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