HUDEMA
ActiveHUDEMA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26.42M and a net result of €1.03M. Equity is growing by ~46.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-27
Solvency76▲+15
Growth57▲+2
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.0 in 2024), and 50.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
49.5%
Return on assets
1.9%
Age of the figures
9 mo
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 filingsDeviation 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 →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€883k▲ 5.3%
2024 · €838k
2018: €1.29M
2019: €646k
2020: €752k
2021: €713k
2022: €736k
2023: €804k
2024: €838k
2018 → 2025
EBIT margin
64.1%▲ 2.3pp
2024 · 61.8%
2018: 25.5%
2019: 37.2%
2020: 75.7%
2021: 65.8%
2022: 56.0%
2023: 58.7%
2024: 61.8%
2018 → 2025
Net result
€1.03M▼ 88.4%
2024 · €8.85M
2018: €178k
2019: €112k
2020: €391k
2021: €65k
2022: €1.53M
2023: €908k
2024: €8.85M
2018 → 2025
Working capital
€361k▲ 718%
2024 · €44k
2018: €-2.90M
2019: €-3.14M
2020: €-2.77M
2021: €-3.22M
2022: €-2.90M
2023: €1.04M
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€713k-€736k▲ 3.1%€804k▲ 9.3%€838k▲ 4.2%€883k▲ 5.3%
Equity€1.78M-€3.30M▲ 85.8%€4.21M▲ 27.5%€25.39M▲ 503%€26.42M▲ 4.1%
Operating result€469k-€412k▼ 12.2%€472k▲ 14.7%€518k▲ 9.7%€566k▲ 9.3%
Net result€65k-€1.53M▲ 2,234%€908k▼ 40.5%€8.85M▲ 875%€1.03M▼ 88.4%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 9% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53.35M
Fixed assets
€50.81M▲ 0.7%
Current assets
€2.53M▼ 81.8%
Equity and liabilities €53.35M
Equity
€26.42M▲ 4.1%
Debt
€26.92M▼ 30.9%
The debt ratio falls from 60.5% to 50.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€635k▲
2024 · €601k
Cash flow
€1.10M▼
2024 · €8.93M
Solvency
49.5%▲
2024 · 39.5%
Current ratio
1.17▲
2024 · 1.00
Quick ratio
1.15▲
2024 · 1.00
Debt / equity
1.02▼
2024 · 1.53
ROE
3.9%▼
2024 · 34.9%
ROA
1.9%▼
2024 · 13.8%
Interest coverage
1.10▲
2024 · 0.94
Debt
€26.92M▼
2024 · €38.94M
Debt ≤ 1 year
€2.17M▼
2024 · €13.85M
Debt > 1 year
€24.75M▼
2024 · €25.10M
Income taxes
€0▼
2024 · €2.73M
Staff costs
€8k
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€64.34M€53.35M▼
Fixed assets21/28€50.45M€50.81M▲
Tangible fixed assets22/27€1.82M€1.76M▼
Land and buildings22€1.72M€1.65M▼
Plant, machinery and equipment23-€3k
Assets under construction and advance payments27€98k€104k▲
Financial fixed assets28€48.63M€49.06M▲
Current assets29/58€13.89M€2.53M▼
Stocks and contracts in progress3€33k€33k=
Stocks30/36€33k€33k=
Amounts receivable within one year40/41€9.04M€58k▼
Trade receivables40€3k€14k▲
Other amounts receivable41€9.04M€44k▼
Current investments50/53€1.70M€1.25M▼
Cash at bank and in hand54/58€3.12M€1.18M▼
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€64.34M€53.35M▼
Equity10/15€25.39M€26.42M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€21.33M€21.33M=
Reserves13€282k€282k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€275k€275k=
Profit (loss) carried forward14€3.72M€4.75M▲
Amounts payable17/49€38.94M€26.92M▼
Amounts payable after more than one year17€25.10M€24.75M▼
Financial debts170/4€25.09M€24.75M▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€13.85M€2.17M▼
Current portion of amounts payable after more than one year42€2.07M€2.07M▲
Trade debts44€54k€41k▼
Suppliers440/4€54k€41k▼
Taxes, remuneration and social security45€2.73M€63k▼
Taxes450/3€2.73M€63k▼
Remuneration and social security454/9-€478
Other amounts payable47/48€9.00M-
Accrued charges and deferred income492/3€1k€974▼
Income statement
Code20242025
Turnover70€838k€883k▲
Goods, raw materials, services and sundry goods60/61€133k€132k▼
Remuneration, social security and pensions62-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€69k▼
Other operating charges640/8€104k€108k▲
Gross operating margin9900€705k€751k▲
Operating profit (loss)9901€518k€566k▲
Financial income75/76B€11.70M€1.04M▼
Recurring financial income75€1.03M€1.04M▲
Non-recurring financial income76B€10.67M-
Financial charges65/66B€636k€580k▼
Recurring financial charges65€636k€580k▼
Profit (loss) for the period before taxes9903€11.58M€1.03M▼
Income taxes67/77€2.73M€0▼
Profit (loss) for the period9904€8.85M€1.03M▼
Profit (loss) for the period to be appropriated9905€8.85M€1.03M▼
Appropriation of the result
Profit (loss) to be appropriated9906€12.72M€4.75M▼
Profit (loss) brought forward from the previous period14P€3.87M€3.72M▼
Profit to be distributed694/7€9.00M-
Return on contributions (dividend)694€9.00M-
Social balance
Average headcount (FTE)9087-0.2
The notes to these accounts (20 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €8.85M ▲875%
Net result €8.85M, the highest in the series.
31-12
Financial
Equity above €25MEq €25.39M ▲503%
7 profitable years in a row build equity to €25.39M.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 7current ratio 1.50
Current ratio from 0.23 to 1.50; short-term debt falls from €3.76M to €2.09M.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €3.30M ▲85.8%
5 profitable years in a row build equity to €3.30M.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €65k ▼83.3%
Net result drops to €65k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Namur · 1 establishment unit since 1988
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.
Rue de Coquelet 1345000 NamurGround area
8,012 m²
Building footprint
1,034 m²
Volume, LiDAR
12,545 m³
Parcel 92094B0239/02N007, Wallonia · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Coquelet 134, 5000 Namur
since 19882.033.160.382
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094B0239/02N007 ProtectedSite or landscape |
Wallonia | 8,012 m² | 1 · 1,034 m² | 18.4 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
Shopping Center Médiacité
BE 0836.946.286
Etterbeek · Eq €26.39M
IPON
BE 0425.474.563
Temse · Eq €27.20M
HECTAAR
BE 0883.206.675
Roeselare · Eq €25.56M
LANDMAAT
BE 0897.952.160
Roeselare · Eq €27.41M
BURCO EUROPE
BE 0438.483.154
Brussel · Eq €25.43M
Of 9,633 companies in sector 68121 we hold annual accounts for 7,328. 582 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-1987
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.