Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HM Glaswerken from Ravels, company number BE0740787119, closed financial year 2025 with a result of € 87,028 after tax. For that financial year HM Glaswerken recorded a gross margin of € 146,160 and equity of € 45,502. Compared with financial year 2024, the result moved from € 118,914 to € 87,028. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 30, 2026.
€ 45,502
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 87,028
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 37,979
▲ € 37,922 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 5,659
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 235,927
▼ 7% vs 2024
€ 14,236 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 6,338
▼ 82% vs 2024
Supplier invoices still open on the last day of the fiscal year.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 169,011 | € 162,238 | € 162,266 | € 146,160 | ▼ 10% |
| Profit after taxes | € 127,619 | € 115,793 | € 118,914 | € 87,028 | ▼ 27% |
| Equity | € 348,767 | € 64,560 | € 58,474 | € 45,502 | ▼ 22% |
| Total debts | € 37,907 | € 495,973 | € 419,052 | € 309,154 | ▼ 26% |
| Cash | € 230,840 | € 408,209 | € 57 | € 37,979 | ▲ € 37,922 |
| Land & buildings | € 1,911 | € 1,662 | € 282,745 | € 269,061 | ▼ 5% |
| Retained profit | € 346,267 | € 62,060 | € 55,974 | € 43,002 | ▼ 23% |
| Dividend | € 0 | € 400,000 | € 125,000 | € 100,000 | ▼ 20% |
| Bank debt | € 6,324 | € 5,790 | € 253,804 | € 235,927 | ▼ 7% |
| Balance sheet total | € 386,675 | € 560,533 | € 477,525 | € 354,656 | ▼ 26% |
Key figures of HM Glaswerken, 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 HM Glaswerken?
What happened at HM Glaswerken in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 87,028 (▼ 27% vs 2024). Source: NBB ↗
- New establishment in Ravels. KBO
- Joshua Hendrickx became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 127,619 profit in 2022 to € 87,028 profit in 2025.
Paid € 130,668 in corporate taxes since 2022.
Best year ever: 2022, with € 127,619 profit.
Paid out € 625,000 in dividends to the owners in total.
A new publication or filing at HM Glaswerken? We notify you, reason included.
Follow HM GlaswerkenDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind HM Glaswerken are Nick Meerts and Joshua Hendrickx. Joshua Hendrickx is also behind HM Bouwwerken.
Directors
According to the 2025 annual accounts
Nick Meerts
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Berkenlaan 45
2380 Ravels
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
GOOGLE - Google LLC, US
Website info
Features
Security
Details
- Company number
- 0740.787.119
- VAT number
- BE 0740.787.119
- Registered office
- Berkenlaan 45, 2380 Ravels
- Names & denominations
- HM Glaswerken
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 2020
- Peppol
- Active · Active since 24 Jul 2025
- Contact
- hmglaswerken.be
- Activities · NACE
Glaszetten
Algemene bouw van residentiële gebouwen