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HUDEMA

Active
Public limited companyfounded 198738 yrs activeRue de Coquelet 134, 5000 Namur, BelgiumKBO/BCE: BE 0432.945.246
Summary

HUDEMA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26.4m and a net result of €1.0m. Equity is growing by ~46.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 5669 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
HUDEMAActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
#3 company by total assets in Namur, Real estate sector1 site
Size
€882,655turnover 2025
Staff
0.2 FTE
Equity
€26.4m
Profit
€1.0m
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
ROSSEL INVEST SRL · 100%
Holdings
5
Accounts filed 20 d late0 of 7 deeds read
Why 95- Liquidity: current ratio 1.17, cash €1.2m, halved+ Size: turnover €882,655, 0.2 FTE, total assets €53.3m+ Founded in 1987+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 57% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 75+11
equity 49.5% of total assets
Liquidity 53+4
short-term debt 4.1% · cash 2.2%
Profitability 54-9
return on assets 1.9%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,529 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -2.6% vs 01-2025 03-2025: 0.1%▲ +2.7% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +2.6% vs 04-2025 06-2025: 0.1%▲ +8.9% vs 05-2025 07-2025: < 0.1%▼ -48.8% vs 06-2025lowest value 08-2025: < 0.1%● 0.0% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%▲ +2.3% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%▲ +2.2% vs 05-2026 07-2026: < 0.1%▲ +6.5% vs 06-2026 08-2026: 0.1%▲ +182% vs 07-2026highest value 09-2026: 0.1%▼ -44.2% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Size: turnover €882,655, 0.2 FTE, total assets €53.3m lowers the probability for this profile
  • Liquidity: current ratio 1.17, cash €1.2m, halved raises the probability
  • Founded in 1987 lowers the probability for this profile
  • Sector Real estate activities (NACE 68) lowers the probability
Credit up to €85,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.0 in 2024; short-term debt: 4.1% and cash: 2.2% of total assets), and 50.5% of the assets are financed with debt.
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 68, micro). Better than this share of them on solvency 64%, liquidity 61%, profitability 44%, growth against the median 59%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: turnover €882,655, 0.2 FTE, total assets €53.3m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.17, cash €1.2m, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1987
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
20 d late
2024
57 d early
2023
65 d early
2022
34 d early
2021
53 d early
2020
19 d early
2019
27 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 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 8 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2018net €8.9m ▲875%

Key points

  • Caution: Result fell in 2025from €8.9m to €1.0m ▼ 88.4% View
  • Positive: Among the best 7% on equitysector median €939,631 · 5,670 companies €26.4m View
  • Positive: 8 profitable years in a rowprofit 2025: €1.0m 8 years View
  • Controlled by ROSSEL INVEST SRLitself parent of 4 companies 100% View

By topic

Financials

Fiscal year
2025
Turnover
€882,655
Profit
€1.0m
Solvency
49.5%
Turnover▲ 5.3%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 20-08-2026Annual accounts filed
  2. 04-06-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
18-12-1987
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?ROSSEL INVEST SRL · 33 companies How does this company compare with its sector?Sector benchmark

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