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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
HDMusic from Evergem, company number BE0507932679, closed financial year 2025 with a result of € 66,500 after tax. For that financial year HDMusic recorded a gross margin of € 87,378 and equity of € -55,380. Compared with financial year 2024, the result moved from € 5,026 to € 66,500. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ -55,380
▲ € 66,500 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 66,500
▲ € 61,474 vs 2024
Profit after tax over the fiscal year.
€ 17,532
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -67,880.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,563
▲ 234% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 206,531
▼ 6% vs 2024
€ 8,999 is repaid this year. At this pace the long-term loan is gone in ≈ 23 years.
€ 32,070
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,173
▼ 71% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -25,356 | € 19,015 | € 21,547 | € 87,378 | ▲ € 65,831 |
| Profit after taxes | € -42,226 | € 7,796 | € 5,026 | € 66,500 | ▲ € 61,474 |
| Equity | € -134,702 | € -126,906 | € -121,880 | € -55,380 | ▲ € 66,500 |
| Total debts | € 308,000 | € 290,938 | € 306,477 | € 254,174 | ▼ 17% |
| Cash | € 8,837 | € 14,065 | € 85,680 | € 17,532 | ▼ 80% |
| Land & buildings | € 103,627 | € 96,894 | € 90,160 | € 123,229 | ▲ 37% |
| Retained profit | € -147,202 | € -139,406 | € -134,380 | € -67,880 | ▲ € 66,500 |
| Bank debt | € 237,765 | € 229,219 | € 220,525 | € 206,531 | ▼ 6% |
| Balance sheet total | € 173,298 | € 164,032 | € 184,597 | € 198,794 | ▲ 8% |
Key figures of HDMusic, 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 HDMusic?
What happened at HDMusic in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 66,500 (▲ € 61,474 vs 2024). Source: NBB ↗
- New establishment in Evergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,226 loss in 2022 to € 66,500 profit in 2025.
Paid € 538 in corporate taxes since 2022.
Best year ever: 2025, with € 66,500 profit.
Management
Behind HDMusic is Hannes De Maeyer.
Directors
According to the 2025 annual accounts
Hannes De Maeyer
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Hoeksken 39
9940 Evergem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0507.932.679
- VAT number
- BE 0507.932.679
- Registered office
- Hoeksken 39, 9940 Evergem
- Names & denominations
- HDMusic
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2015
- Peppol
- Active · Active since 30 Sept 2024
- Activities · NACE
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