HMD
The computed 12-month bankruptcy probability of HMD is 4.4% (elevated). The 2025 annual accounts show equity of €9k and a net result of €-12k. Equity is shrinking by ~14.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 48% of 1080 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €9k |
| Net result | €-12k |
| Better than sector | 48% |
| Active | 6 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 24.2% | 25.9% | |
| Net result | €-12k | €7k | |
| Equity | €9k | €23k | |
| Gross operating margin | €559 | €64k | |
| Staff costs | €6k | €52k |
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-6k |
| Net profit | €-12k |
| Cash flow | €-6k |
| Staff costs | €6k |
| Income taxes | €141 |
| Dividends | - |
| Total assets | €39k |
| Equity | €9k |
| Debt | €29k |
| of which ≤ 1y | €29k |
| of which > 1y | - |
| Working capital | €-26k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.12 |
| Quick ratio | 0.12 |
| Working capital ratio | -66.5% |
| Solvency | 24.2% |
| Debt / equity | 3.14 |
| Long-term debt ratio | - |
| Interest coverage | -22.41 |
| Gross margin | - |
| Net margin | - |
| ROA | -30.6% |
| ROE | -126.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €39k |
| Fixed assets | 21/28 | €35k |
| Intangible fixed assets | 21 | €20k |
| Tangible fixed assets | 22/27 | €11k |
| Financial fixed assets | 28 | €4k |
| Current assets | 29/58 | €4k |
| Amounts receivable within one year | 40/41 | €4k |
| Cash & bank | 54/58 | €5 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €39k |
| Equity | 10/15 | €9k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-646 |
| Amounts payable | 17/49 | €29k |
| Amounts payable within one year | 42/48 | €29k |
| Trade debts payable within one year | 44 | €28k |
| Income statement | ||
| Gross operating margin | 9900 | €559 |
| Operating result | 9901 | €-11k |
| Financial charges | 65 | €247 |
| Result before taxes | 9903 | €-12k |
| Income taxes | 67/77 | €141 |
| Net result for the period | 9904 | €-12k |
| Result to be appropriated | 9905 | €-12k |
-
Current01-01-2026 → present
-
Current01-01-2022 → present
Former directors (2)
-
Former- → 01-01-2026
-
Former- → 31-12-2021
| NACE primary | Activiteiten van eetgelegenheden met volledige bediening(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 28-02-2020 |
| Status | Active |
| Postal code | 2600 |
Parcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003B0042/00C005 | Flanders | 89 m² | 1 · 88 m² | 10.6 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
11-02-2026 1 director appointed, 1 resigning
- Salam A Al-Badri Hashim, Bestuurder
- Safaa H Hamid Mohanad, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Safaa H Hamid Mohanad",
"address": null,
"birth_date": null
},
"effective_date": "2026-01-01",
"evidence_quote": "De algemene vergadering beslist tot het ontslag van Safaa H Hamid Mohanad, als niet-statutaire bestuurder, en dit met ingang op 01/01/2026. De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Salam A Al-Badri Hashim",
"address": null,
"birth_date": null
},
"effective_date": "2026-01-01",
"evidence_quote": "De algemene vergadering beslist tot de benoeming van Salam A Al-Badri Hashim, als niet-statutaire bestuurder, en dit met ingang op 01/01/2026."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0744.568.931",
"name_full": "HMD",
"legal_form": "BV"
}
}02-05-2025 Change in the board of directors
Technical details
{
"events": [],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0744.568.931",
"name_full": "HMD",
"legal_form": "BV"
}
}25-11-2022 Registered office moved within Antwerpen
- Statiestraat 23, 2600 Antwerpen → Driekoningenstraat 108, 2600 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Antwerpen",
"region": null,
"street": "Driekoningenstraat",
"country": "BE",
"postcode": "2600",
"box_number": null,
"street_number": "108"
},
"old_address": {
"city": "Antwerpen",
"region": null,
"street": "Statiestraat",
"country": "BE",
"postcode": "2600",
"box_number": null,
"street_number": "23"
},
"effective_date": "2022-11-01",
"evidence_quote": "De vergadering beslist dat de zetel van de vennootschap zal worden verplaatst van Statiestraat 23, 2600 Antwerpen naar Driekoningenstraat 108, 2600 Antwerpen, en dit vanaf 01/11/2022."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0744.568.931",
"name_full": "HMD",
"legal_form": "BV"
}
}31-01-2022 1 director appointed, 1 resigning
- Abdulkader Zaid, Bestuurder
- Abdulghani Dhurgham, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Abdulghani Dhurgham",
"address": null,
"birth_date": null
},
"effective_date": "2021-12-31",
"evidence_quote": "In de buitengewone algemene vergardering van 06 januari 2022 werd met eenparigheid van stemmen beslist om vanaf 31 december 2021 de heer Abdulghani Dhurgham wordt te ontslaan als bestuurder. Hij wordt kwijting verleend voor de periode die hij bestuurder was.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Abdulkader Zaid",
"address": null,
"birth_date": null
},
"effective_date": "2022-01-01",
"evidence_quote": "De heer Abdulkader Zaid wordt benoemt als bestuurder zijn mandaat gaat in vanaf 01 januari 2022. Hij aanvaardt deze mandaat."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0744.568.931",
"name_full": "HMD",
"legal_form": "BV"
}
}03-03-2020 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "2600 Antwerpen, Statiestraat 23",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1991-11-16",
"name": "AL-BADRI Hashim Salam Abed",
"niss": null,
"address": "3700 Tongeren, Jekerstraat 40 b3"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "AL-BADRI Hashim Salam Abed",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1994-03-21",
"name": "ABDULGHANI Dhurgham Abbas",
"niss": null,
"address": "2000 Antwerpen, Geuzenstraat 12"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "ABDULGHANI Dhurgham Abbas",
"is_subscriber_only": false,
"n_shares_subscribed": 50,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 10000,
"subject_company": {
"kbo": "0744.568.931",
"name_full": "HMD",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2020-02-28",
"post_incorporation_mandates": []
}| Legal nameNL | HMD |