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.
€ 230,193
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -32,234
▼ still € 31,923 profit in 2024
Profit after tax over the fiscal year.
€ 14,107
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 24,693.
Debts at end 2025
€ 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.
€ 3,771
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,338
▼ 39% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 44,843 | € 69,151 | € 77,769 | € 130,886 | ▲ 68% |
| Profit after taxes | € 9,026 | € 26,860 | € 31,923 | € -32,234 | ▼ € 64,157 |
| Equity | € 203,643 | € 230,503 | € 262,426 | € 230,193 | ▼ 12% |
| Total debts | € 530,790 | € 447,004 | € 386,981 | € 1,995,861 | ▲ € 1.6 million |
| Cash | € 57,361 | € 6,776 | € 14,018 | € 14,107 | ▲ 1% |
| Land & buildings | € 675,854 | € 654,515 | € 633,175 | € 2,174,496 | ▲ 243% |
| Retained profit | € -1,857 | € 25,003 | € 56,926 | € 24,693 | ▼ 57% |
| Bank debt | € 391,125 | € 365,903 | € 340,237 | € 1,629,251 | ▲ € 1.3 million |
| Balance sheet total | € 734,433 | € 677,507 | € 649,408 | € 2,226,054 | ▲ 243% |
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.
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:
- New annual accounts for financial year 2025: loss of € 32,234 (▼ € 64,157 vs 2024). Source: NBB ↗
- New establishment in Bredene. KBO
- Start of the company according to the CBE. KBO
- 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.
A new publication or filing at HMH Group? We notify you, reason included.
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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 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
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.
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