What does HMH Group do?

HMH Group is registered with the CBE as active in: Handel in eigen onroerend goed. Private Limited, started on 22 March 2021, 1 establishment.

What is the address of HMH Group?

The registered office of HMH Group is located at Gerard Davidstraat 18, 8450 Bredene.

Is HMH Group still active?

Yes. According to the CBE (15 November 2026) HMH Group is active, legal situation “Normale toestand”, started on 22 March 2021.

Is HMH Group registered on Peppol?

Yes, HMH Group is registered on the Peppol network with ID 0208:0765473916.

What is the enterprise number of HMH Group?

The enterprise number of HMH Group is BE0765473916.

When was HMH Group founded?

HMH Group was founded on 22 March 2021.

Who are the directors of HMH Group?

According to the 2025 annual accounts, the directors of HMH Group are: Mnatsakan Grigoryan.

Is HMH Group a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 March 2021; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did HMH Group make in 2025?

HMH Group recorded a loss after taxes of € 32,234 in financial year 2025.

What is the revenue of HMH Group?

As a small company, HMH Group is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 130,886.

HMH Group (Private Limited) - Bredene - BE0765473916

Dossier HMH Group, printed on 15 November 2026 from databakkes.be/en/0765473916/hmh-group. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 11 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

HMH Group from Bredene, company number BE0765473916, closed financial year 2025 with a result of € -32,234 after tax. For that financial year HMH Group recorded a gross margin of € 130,886 and equity of € 230,193. Compared with financial year 2024, the result moved from € 31,923 to € -32,234. The company made a loss. 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 June 25, 2026.

What it is worth Healthy

€ 230,193

▼ 12% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -32,234

▼ still € 31,923 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 14,107

▲ 1% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 24,693.

Debts at end 2025

Bank debt ≈ 17 years to go

€ 1.6 million

▲ € 1.3 million vs 2024

€ 98,103 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.

Owed to suppliers

€ 3,771

▲ 1% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 3,338

▼ 39% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 44,843 Gross margin 2022: € 44,843 First fiscal year in the series	€ 69,151 Gross margin 2023: € 69,151 ▲ 54% vs 2022 (€ 44,843) Favourable step	€ 77,769 Gross margin 2024: € 77,769 ▲ 12% vs 2023 (€ 69,151) Favourable step	€ 130,886 Gross margin 2025: € 130,886 ▲ 68% vs 2024 (€ 77,769) Favourable step	▲ 68%
Profit after taxes	€ 9,026 Profit after taxes 2022: € 9,026 First fiscal year in the series	€ 26,860 Profit after taxes 2023: € 26,860 ▲ 198% vs 2022 (€ 9,026) Favourable step	€ 31,923 Profit after taxes 2024: € 31,923 ▲ 19% vs 2023 (€ 26,860) Favourable step	€ -32,234 Profit after taxes 2025: € -32,234 ▼ € 64,157 vs 2024 (€ 31,923) Unfavourable step	▼ € 64,157
Equity	€ 203,643 Equity 2022: € 203,643 First fiscal year in the series	€ 230,503 Equity 2023: € 230,503 ▲ 13% vs 2022 (€ 203,643) Favourable step	€ 262,426 Equity 2024: € 262,426 ▲ 14% vs 2023 (€ 230,503) Favourable step	€ 230,193 Equity 2025: € 230,193 ▼ 12% vs 2024 (€ 262,426) Unfavourable step	▼ 12%
Total debts	€ 530,790 Total debts 2022: € 530,790 First fiscal year in the series	€ 447,004 Total debts 2023: € 447,004 ▼ 16% vs 2022 (€ 530,790) Favourable step	€ 386,981 Total debts 2024: € 386,981 ▼ 13% vs 2023 (€ 447,004) Favourable step	€ 1,995,861 Total debts 2025: € 1,995,861 ▲ € 1.6 million vs 2024 (€ 386,981) Unfavourable step	▲ € 1.6 million
Cash	€ 57,361 Cash 2022: € 57,361 First fiscal year in the series	€ 6,776 Cash 2023: € 6,776 ▼ 88% vs 2022 (€ 57,361) Unfavourable step	€ 14,018 Cash 2024: € 14,018 ▲ 107% vs 2023 (€ 6,776) Favourable step	€ 14,107 Cash 2025: € 14,107 ▲ 1% vs 2024 (€ 14,018) Favourable step	▲ 1%
Land & buildings	€ 675,854 Land & buildings 2022: € 675,854 First fiscal year in the series	€ 654,515 Land & buildings 2023: € 654,515 ▼ 3% vs 2022 (€ 675,854) Unchanged	€ 633,175 Land & buildings 2024: € 633,175 ▼ 3% vs 2023 (€ 654,515) Unchanged	€ 2,174,496 Land & buildings 2025: € 2,174,496 ▲ 243% vs 2024 (€ 633,175) Unchanged	▲ 243%
Retained profit	€ -1,857 Retained profit 2022: € -1,857 First fiscal year in the series	€ 25,003 Retained profit 2023: € 25,003 ▲ € 26,860 vs 2022 (€ -1,857) Favourable step	€ 56,926 Retained profit 2024: € 56,926 ▲ 128% vs 2023 (€ 25,003) Favourable step	€ 24,693 Retained profit 2025: € 24,693 ▼ 57% vs 2024 (€ 56,926) Unfavourable step	▼ 57%
Bank debt	€ 391,125 Bank debt 2022: € 391,125 First fiscal year in the series	€ 365,903 Bank debt 2023: € 365,903 ▼ 6% vs 2022 (€ 391,125) Favourable step	€ 340,237 Bank debt 2024: € 340,237 ▼ 7% vs 2023 (€ 365,903) Favourable step	€ 1,629,251 Bank debt 2025: € 1,629,251 ▲ € 1.3 million vs 2024 (€ 340,237) Unfavourable step	▲ € 1.3 million
Balance sheet total	€ 734,433 Balance sheet total 2022: € 734,433 First fiscal year in the series	€ 677,507 Balance sheet total 2023: € 677,507 ▼ 8% vs 2022 (€ 734,433) Unchanged	€ 649,408 Balance sheet total 2024: € 649,408 ▼ 4% vs 2023 (€ 677,507) Unchanged	€ 2,226,054 Balance sheet total 2025: € 2,226,054 ▲ 243% vs 2024 (€ 649,408) Unchanged	▲ 243%

By gross margin, HMH Group ranks 2nd of 5 companies with main activity “Handel in eigen onroerend goed” in Bredene that publish figures (fiscal year 2025).

Key figures of HMH Group, 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.

Ask about HMH Group the way you would ask their accountant.

Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.

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What happened to HMH Group?

What happened at HMH Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 25, 2026 New annual accounts for financial year 2025: loss of € 32,234 (▼ € 64,157 vs 2024). Source: NBB ↗
Mar 24, 2021 Incorporation, published in the Gazette. Source: Staatsblad ↗
Mar 22, 2021 New establishment in Bredene. KBO
2021 Mnatsakan Grigoryan became a director. NBB

In short

From € 9,026 profit in 2022 to € 32,234 loss in 2025.

Paid € 15,402 in corporate taxes since 2022.

Best year ever: 2024, with € 31,923 profit.

Original PDFs at the National Bank ↗

Management

Mnatsakan Grigoryan

HMH Group

Behind HMH Group is Mnatsakan Grigoryan.

Directors

According to the 2025 annual accounts

Mnatsakan Grigoryan

Director

since 2021

Establishments

Establishment units

Physical locations of this company

Registered office

Gerard Davidstraat 18

8450 Bredene

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Similar companies in Bredene

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All companies with this activity → Largest companies in Bredene →

Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

24 March 2021 Source: Deed ↗

GRIGORYAN Mnatsakan Sargis(oprichter) 100%

Details

Company number

0765.473.916

VAT number

BE 0765.473.916

Registered office

Gerard Davidstraat 18, 8450 Bredene

Names & denominations

HMH Group

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

22 March 2021

Peppol

Active · Active since 4 Dec 2025

Activities · NACE

Handel in eigen onroerend goed

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗

HMH Group

Warning lights

Financials

Ask about HMH Group the way you would ask their accountant.

What happened to HMH Group?

Management

Directors

Establishments

Establishment units

Similar companies in Bredene

Shareholders according to the Official Gazette deeds

Details

Frequently asked questions