Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Turnover fell in 2025 from €106,802 to €54,190.
HTMKFRMS pays its suppliers 200 days later than in 2024. Customers pay 211 days later.
Less equity than 88% of companies in wholesale trade. Sector median €361,107 · 9,898 companies.
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 16% of them on solvency, 11% on liquidity, 45% on profitability and 50% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 516 companies had the same profile as HTMKFRMS has now. Each dot stands for 2 companies, two years later.
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HTMKFRMS itself: 3.4% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 516 companies, not a prediction for HTMKFRMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.89 (0.92 in 2024), below 1. Short-term debt is 100.3% and cash 7.4% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 34 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| HTMKFRMS Antwerp | €88,721 | €4,539 | -0.3% | - |
| Lito Drinks Kortrijk | €97,216 | €4,259 | 19.5% | - |
| La Brasserie De La Réserve du Ronvau Chaumont-Gistoux | €128,239 | €4,336 | 99.1% | - |
| FNDestock Charleroi | €59,566 | €6,401 | 8.8% | - |
| SAILOR DRINKS Ghent | €89,758 | €8,697 | 19.0% | - |
| LES TITANS Theux | €53,745 | €6,666 | 25.7% | - |
| BELGIAN BALANCE Etterbeek | €56,447 | €11,333 | 34.9% | - |
These companies have the same main activity as HTMKFRMS: wholesale of beverages, general range (NACE 46349). They are comparable in size and age: total assets between €53,700 and €128,000, founded between 2023 and 2024.
The file of HTMKFRMS contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette. The computed 12-month bankruptcy probability is 3.4% (moderate).
The 2025 annual accounts show negative equity (-€293) and a net result of €1,486. Its solvency ranks better than 12% of 9,902 sector peers (NACE 46, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 12% of 9,902 companies in 2025.
Higher than 16% of 9,665 companies in 2025.
Higher than 40% of 9,780 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
88,721 | 86,262 | |
20 |
276 | 597 | |
21/28 |
9,060 | 4,843 | |
22/27 |
672 | 1,455 | |
23 |
672 | 1,455 | |
28 |
8,388 | 3,388 | |
29/58 |
79,386 | 80,821 | |
40/41 |
72,792 | 80,821 | |
40 |
71,872 | 79,901 | |
41 |
920 | 920 | |
54/58 |
6,594 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
88,721 | 86,262 | |
10/15 |
-293 | -1,778 | |
10/11 |
1,000 | 1,000 | |
11 |
1,000 | 1,000 | |
1109/19 |
1,000 | 1,000 | |
14 |
-1,293 | -2,778 | |
17/49 |
89,014 | 88,040 | |
42/48 |
89,014 | 88,040 | |
43 |
- | 1 | |
430/8 |
- | 1 | |
44 |
72,571 | 81,948 | |
440/4 |
72,571 | 81,948 | |
45 |
4,442 | 2,790 | |
450/3 |
2,016 | 852 | |
454/9 |
2,426 | 1,938 | |
47/48 |
12,001 | 3,300 | |
| Income statement | |||
70 |
54,190 | 106,802 | |
9900 |
4,539 | 17,341 | |
60/61 |
49,650 | 89,462 | |
62 |
578 | 16,728 | |
630 |
1,105 | 1,262 | |
640/8 |
938 | 1,767 | |
9901 |
1,919 | -2,416 | |
65/66B |
67 | 362 | |
65 |
67 | 362 | |
9903 |
1,852 | -2,778 | |
67/77 |
367 | - | |
9904 |
1,486 | -2,778 | |
9905 |
1,486 | -2,778 | |
| Appropriation of the result | |||
9906 |
-1,293 | -2,778 | |
14P |
-2,778 | - | |
| Social balance sheet | |||
9087 |
0.1 | - | |
Hours worked1013 |
66 | - | |
| Document | |||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 3,024 | -1,154 | ||
| 2,591 | -1,516 | ||
| 5,000 | 7,000 | ||
| -9,628 | -7,219 | ||
| 3.5% | -2.3% | ||
| -0.3% | -2.1% | ||
| 0.89 | 0.92 | ||
| 1.7% | -3.2% | ||
| 45.16 | -3.19 | ||
| 484 days | 273 days | ||
| 534 days | 334 days |
The equity ratios are withheld because equity of -€293 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €2,350 |
| Intangible fixed assets | - | €1,262 |
| Financial fixed assets | €5,000 | €3,388 |
| €1,105 | €1,262 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €1,919, after a loss of €2,416 in 2024.
Equity is negative. Debt (€89,014) exceeds the balance-sheet total (€88,721).
HTMKFRMS has no parent and no holdings in its annual accounts. IDRISSI,Mouhssine is the only director. HTMKFRMS shares no director with another company.
| HTMRMS
establishment since 06-01-2022 · founded in 2022 |
turnover €1.8m (2023) 0779.808.140 |
| DE FAMILIE
registered office since 13-11-2024 |
founded in 2024 1016.141.712 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 10 November 2023, HTMKFRMS was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 In 2024 the registered office moved to Antwerp.3 IDRISSI,Mouhssine is director of the company, appointed by deed of 14-11-2023.2 The company was declared bankrupt on 4 December 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Carnotstraat 106 registered office 2060 Antwerp | ||
| Corbletstraat 40B 2100 Antwerp 56210 Event catering | 10-11-2023 | 2.352.226.343 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11345B0225/00W017 | 277 m² | 1 · 203 m² | 9.2 m · 2 |
| 11808H1043/00G000 | 169 m² | 1 · 169 m² | 17.9 m · 4 |
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