Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Hades-M is 0.5% (very low). The 2024 annual accounts show equity of €615k and a net result of €115k. Its solvency ranks better than 26% of 1396 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 27-06-2025 | 34 d early | 2025-00185590 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€115k
Working capital€-193k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 18.6% | 43.5% | |
| Net result | €115k | €42k | |
| Equity | €615k | €163k | |
| Gross operating margin | €188k | €72k | |
| Total assets | €3.31M | €607k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €186k |
| Net profit | €115k |
| Cash flow | €115k |
| Staff costs | - |
| Income taxes | €51k |
| Dividends | - |
| Total assets | €3.31M |
| Equity | €615k |
| Debt | €2.69M |
| of which ≤ 1y | €233k |
| of which > 1y | €2.45M |
| Working capital | €-193k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.17 |
| Quick ratio | 0.17 |
| Working capital ratio | -5.9% |
| Solvency | 18.6% |
| Debt / equity | 4.38 |
| Long-term debt ratio | 3.98 |
| Interest coverage | 9.63 |
| Gross margin | - |
| Net margin | - |
| ROA | 3.5% |
| ROE | 18.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.31M |
| Fixed assets | 21/28 | €3.27M |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €3.26M |
| Current assets | 29/58 | €40k |
| Amounts receivable within one year | 40/41 | €22k |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.31M |
| Equity | 10/15 | €615k |
| Contributions / capital | 10/11 | €500k |
| Accumulated profits (losses) | 14 | €115k |
| Amounts payable | 17/49 | €2.69M |
| Amounts payable after one year | 17 | €2.45M |
| Amounts payable within one year | 42/48 | €233k |
| Trade debts payable within one year | 44 | €554 |
| Income statement | ||
| Gross operating margin | 9900 | €188k |
| Operating result | 9901 | €185k |
| Financial charges | 65 | €19k |
| Result before taxes | 9903 | €166k |
| Income taxes | 67/77 | €51k |
| Net result for the period | 9904 | €115k |
| Result to be appropriated | 9905 | €115k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed43
/ 100
Weak
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Connections & network
4 connected companiesGroup structure
Subsidiary · 1 location
→
Subsidiary · 1 location
→
Subsidiary · 1 location
→
Subsidiary · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationHades-M
since 20232.348.075.040
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.5 ha
Buildings1
Building footprint186 m²
Volume (LiDAR)666 m³
Tallest building7.0 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24010A0352/00B000 | Flanders | 1.5 ha | 1 · 186 m² | 7.0 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts Address history · 1
05-05-2026
Seat change: Ter Heidelaan 54A, 3200 Aarschot
All acts · 1
updated 3 months ago
2026
05-05-2026 General meeting · Officer resignation · Officer discharge · Officer appointment
- Filing: 2026-04-07 · MYFOOD REAL ESTATE
- General meeting: 2026-03-23 · MYFOOD REAL ESTATE
- Officer resignation: 2026-03-23 · Joosten Bart
- Officer resignation: 2026-03-23 · Verbruggen Julio
- Officer discharge · Joosten Bart
- Officer discharge · Verbruggen Julio
- Officer appointment: 2026-03-23 · Hades-M BV
- Permanent representative · Geerinckx Maxime
- Officer appointment: 2026-03-23 · Hera-M BV
- Permanent representative · Geerinckx Margaux
- Seat change: Ter Heidelaan 54A, 3200 Aarschot · MYFOOD REAL ESTATE
- Publication: 2026-05-05
- Act object: Ontslag/ benoeming bestuurders + wijziging zetel
Summary:
General meeting · Officer resignation · Officer discharge · Officer appointment
Analysis
Snowflake analysis
financial profile on 5 axes57
/ 100
Mixed profile: strong on profitability, weaker on solvency.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
43
Profitability
93
Solvency
12
Growth
-
Stability
79
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verdict per customer and amountSimilar
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Company registry (CBE)
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Primary activity highlighted.
Names & trade names
| Legal nameNL | Hades-M |
Registered office
Soelstraat 97
3130 Begijnendijk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.