HUBMED
ActiveThe computed 12-month bankruptcy probability of HUBMED is 3.6% (moderate). The 2024 annual accounts show negative equity (€-22k) and a net result of €23k. Equity is shrinking by ~17.4% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
8
/ 100
Critical▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.1 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 2024Solvency, return and age of the figures
Solvency
-123.7%
Return on assets
129.7%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
19 d early
2022
48 d early
2021
67 d early
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23k▲ 248%
2023 · €7k
2018: €-2k
2019: €-2k
2020: €1k
2021: €-22k
2022: €-21k
2023: €7k
2018 → 2024
Working capital
€-25k▲ 45.4%
2023 · €-46k
2018: €-42k
2019: €-37k
2020: €-32k
2021: €-40k
2022: €-60k
2023: €-46k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-21k-€-37k▼ 74.2%€-58k▼ 55.9%€-45k▲ 22.2%€-22k▲ 51.2%
Operating result€1k-€-22k€-20k▲ 7.7%€7k€23k▲ 234%
Net result€1k-€-22k€-21k▲ 5.6%€7k€23k▲ 248%
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 234% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18k
Fixed assets
€3k▲ 275%
Current assets
€15k▲ 178%
Key figures and ratios
EBITDA
€25k▲
2023 · €8k
Cash flow
€25k▲
2023 · €8k
Solvency
-123.7%▲
2023 · -736.8%
Current ratio
0.37▲
2023 · 0.10
Quick ratio
0.37▲
2023 · 0.10
Debt / equity
-1.81▼
2023 · -1.14
ROE
-104.9%▼
2023 · -14.7%
ROA
129.7%▲
2023 · 108.3%
Debt
€40k▼
2023 · €51k
Debt ≤ 1 year
€40k▼
2023 · €51k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€6k€18k▲
Fixed assets21/28€822€3k▲
Tangible fixed assets22/27€822€3k▲
Furniture and vehicles24€822€3k▲
Current assets29/58€5k€15k▲
Cash at bank and in hand54/58€5k€15k▲
Deferred charges and accrued income490/1-€65
Equity and liabilities
Total equity and liabilities10/49€6k€18k▲
Equity10/15€-45k€-22k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-64k€-41k▲
Amounts payable17/49€51k€40k▼
Amounts payable within one year42/48€51k€40k▼
Taxes, remuneration and social security45€428€428=
Taxes450/3€428€428=
Other amounts payable47/48€51k€39k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€517▼
Gross operating margin9900€11k€25k▲
Operating profit (loss)9901€7k€23k▲
Financial charges65/66B€52-
Recurring financial charges65€52-
Profit (loss) for the period before taxes9903€7k€23k▲
Income taxes67/77€223-
Profit (loss) for the period9904€7k€23k▲
Profit (loss) for the period to be appropriated9905€7k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-41k▲
Profit (loss) brought forward from the previous period14P€-70k€-64k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €23k ▲248%
Operating result €23k, net result €23k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-22k ▼1708%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2015
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.
Paul Emile Jansonstraat 21000 BrusselGround area
1,048 m²
Building footprint
1,063 m²
Volume, LiDAR
23,926 m³
2 parcels, Brussels · tallest building 35.4 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
HUBMED
since 20152.260.670.815
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0115/00C007 | Brussels | 890 m² | 1 · 906 m² | 35.4 m · 9 fl. |
| 21383B0079/00G005 | Brussels | 157 m² | 1 · 157 m² | 18.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2015
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.