HM

Active

Private limited company (pre-2019)founded 20178 yrs activeRue Emmanuel Martin(TEM) 1, 7520 Tournai, BelgiumKBO/BCE: BE 0682.617.209

The computed 12-month bankruptcy probability of HM is 1.8% (moderate). The 2024 annual accounts show equity of €16k and a net result of €-1k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 34% of 3569 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

55 / 100

Fair▲ +10 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency54▲+16

Growth52=

Stability100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.41 against 1.28 in 2023), and 71.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

28.5%

Return on assets

-2.5%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 7 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

42 d late

2022

31 d late

2021

28 d late

2020

31 d late

2019

199 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-1k▼ 853%

2023 · €-153

2018: €8k 2019: €12k 2020: €-35k 2021: €34k 2022: €858 2023: €-153

2018 → 2024

Working capital

€13k▼ 1.2%

2023 · €13k

2018: €-2k 2019: €23k 2020: €-13k 2021: €24k 2022: €23k 2023: €13k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-17k-€17k€18k▲ 5.0%€18k▼ 0.8%€16k▼ 8.1%

Operating result€-33k-€35k€2k▼ 95.2%€1k▼ 14.5%€-402

Net result€-35k-€34k€858▼ 97.5%€-153€-1k▼ 853%

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €402 after €1k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €58k

24.9%

75.1%

Fixed assets €14k▼ 26.9%

Current assets €43k▼ 26.8%

Equity and liabilities €58k

28.5%

71.5%

Equity €16k▼ 8.1%

Debt €41k▼ 32.4%

The debt ratio falls from 77.3% to 71.5%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€5k▼

2023 · €6k

Cash flow

€4k▼

2023 · €5k

Solvency

28.5%▲

2023 · 22.7%

Current ratio

1.41▲

2023 · 1.28

Quick ratio

1.41▲

2023 · 1.28

Debt / equity

2.50▼

2023 · 3.40

ROE

-8.8%▼

2023 · -0.9%

ROA

-2.5%▼

2023 · -0.2%

Interest coverage

4.62▼

2023 · 4.91

Debt

€41k▼

2023 · €61k

Debt ≤ 1 year

€31k▼

2023 · €46k

Debt > 1 year

€10k▼

2023 · €15k

Income taxes

€122▼

2023 · €351

Staff costs

€15k▼

2023 · €47k

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€79k€58k▼

Fixed assets21/28€20k€14k▼

Tangible fixed assets22/27€20k€14k▼

Plant, machinery and equipment23€1k€466▼

Furniture and vehicles24€18k€14k▼

Financial fixed assets28€180€180=

Current assets29/58€59k€43k▼

Amounts receivable within one year40/41€33k€25k▼

Trade receivables40€32k€24k▼

Other amounts receivable41€615€2k▲

Cash at bank and in hand54/58€25k€16k▼

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€79k€58k▼

Equity10/15€18k€16k▼

Contributions10/11€1€1=

Reserves13€12k€12k=

Distributable reserves133€12k€12k=

Profit (loss) carried forward14€6k€5k▼

Amounts payable17/49€61k€41k▼

Amounts payable after more than one year17€15k€10k▼

Financial debts170/4€15k€10k▼

Amounts payable within one year42/48€46k€31k▼

Current portion of amounts payable after more than one year42€13k€4k▼

Trade debts44€20k€16k▼

Suppliers440/4€20k€16k▼

Taxes, remuneration and social security45€6k€8k▲

Taxes450/3€659€174▼

Remuneration and social security454/9€6k€8k▲

Other amounts payable47/48€7k€2k▼

Accrued charges and deferred income492/3-€285

Income statement Code20232024

Remuneration, social security and pensions62€47k€15k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲

Other operating charges640/8€880€950▲

Gross operating margin9900€54k€21k▼

Operating profit (loss)9901€1k€-402▼

Financial income75/76B€65€129▲

Recurring financial income75€65€129▲

Financial charges65/66B€1k€1k▼

Recurring financial charges65€1k€1k▼

Profit (loss) for the period before taxes9903€198€-1k▼

Income taxes67/77€351€122▼

Profit (loss) for the period9904€-153€-1k▼

Profit (loss) for the period to be appropriated9905€-153€-1k▼

Appropriation of the result

Profit (loss) to be appropriated9906€6k€5k▼

Profit (loss) brought forward from the previous period14P€6k€6k▼

Social balance

Average headcount (FTE)90871.00.4▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 4Filings 7

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 28 days late

2024

11-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 42 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 31 days late

2022

28-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 28 days late

2021

31-12

Financial Back to profitnet €34k

Net result €34k after one loss-making year.

31-12

Financial Liquidity doublescurrent ratio 1.46

Current ratio from 0.70 to 1.46.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

15-02

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 199 days late

2020

31-12

Financial Weakest financial yearnet €-35k ▼400%

Net result drops to €-35k, the lowest in the series; recovery starts the following year.

2019

31-12

Financial Liquidity doublescurrent ratio 1.87

Current ratio from 0.93 to 1.87; short-term debt falls from €34k to €26k.

31-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Tournai · 1 establishment unit since 2017

establishment The establishment unit on the map

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 Emmanuel Martin(TEM) 17520 Tournai

Ground area

1,235 m²

Building footprint

45 m²

Volume, LiDAR

402 m³

Parcel 57078D0525/00S000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Rue Emmanuel Martin(TEM) 1, 7520 Tournai

Plumbing work

since 20172.268.930.364

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57078D0525/00S000	Wallonia	1,234 m²	1 · 45 m²	10.2 m · 3 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.

Similar companies · same sector, comparable size

KANEO

BE 0765.871.121

Boortmeerbeek · Eq €16k

BERCO

BE 1004.217.739

Geraardsbergen · Eq €16k

Of 9,475 companies in sector 43222 we hold annual accounts for 5,625. 3,228 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded06-10-2017

Fiscal year end31-12

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

33200Installation of industrial machinery and equipment

43221Plumbing work

43240Other construction installation

43299Specialised construction activities

43320Joinery installation

81220Other building cleaning and industrial cleaning

Sources

Crossroads Bank for EnterprisesNational Bank · 7 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.