Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
H.M.D. from Borgloon, company number BE0461047037, closed financial year 2025 with a result of € -3,571 after tax. For that financial year H.M.D. recorded a gross margin of € 10,191 and equity of € 192,816. Compared with financial year 2024, the result moved from € -1,234 to € -3,571. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 192,816
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,571
▼ 189 % more loss than in 2024
Profit after tax over the fiscal year.
€ 65
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 118,448.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 12,963
▼ 51% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,920
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 450
▼ 69% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 85,720 | € 37,466 | € 25,831 | € 10,191 | ▼ 61% |
| Profit after taxes | € -11,415 | € -18,375 | € -1,234 | € -3,571 | ▼ € 2,337 |
| Equity | € 215,996 | € 197,621 | € 196,386 | € 192,816 | ▼ 2% |
| Total debts | € 4,881 | € 1,882 | € 3,760 | € 4,805 | ▲ 28% |
| Cash | € 3,502 | € 1,551 | € 3,601 | € 65 | ▼ 98% |
| Retained profit | € 141,628 | € 123,252 | € 122,018 | € 118,448 | ▼ 3% |
| Balance sheet total | € 220,877 | € 199,502 | € 200,146 | € 197,620 | ▼ 1% |
| Employees (FTE) | 3 | 2.2 | - | - |
Key figures of H.M.D., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to H.M.D.?
What happened at H.M.D. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,571. Source: NBB ↗
- Stakim NV became a director. NBB
- Rigo Dethier became a director. NBB
- New establishment in Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,415 loss in 2022 to € 3,571 loss in 2025.
On average € 17,000 of value added per employee in 2023.
Management
The stake of STAKIM, Marbor comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
H.M.D.Behind H.M.D. are Stakim NV and Rigo Dethier. The shares are held by STAKIM (33.3%) and Marbor (33%).
Directors
According to the 2025 annual accounts
Managing director · represented by Rigo Dethier
Owns 33% via Marbor
Also active at: Marbor, COSEMANS CONSTRUCTIES, NIEUWMOLEN
since 2024
since 2018
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hamstraat 1
3840 Borgloon
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.047.037
- VAT number
- BE 0461.047.037
- Registered office
- Hamstraat 1, 3840 Borgloon
- Names & denominations
- H.M.D.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 July 1997
- Peppol
- Active · Active since 28 Jan 2026
- Activities · NACE
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