ACTIVE

H M D

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Financial year 2024 · closed on 31/12/2024

Net result

13,4 k €

+49.5% YoY

Gross margin

417,9 k €

-7.5% YoY

Equity

295,2 k €

+4.8% YoY

Workforce

4,8 ETP

-17.2% YoY

What does H M D do?

H M D is a Private limited company incorporated in 2006. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Lendelede. It employs on average 4,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.219.966

Incorporation

24/03/2006

Legal form

Private limited company

Registered office

Izegemsestraat 61
8860 Lendelede · FlandreSee on map

Contributed capital

30 000,00 €

Latest accounts

31/12/2024

Average workforce

4,8 ETP

Activities (NACE)

10712Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 15812Manufacture of leather and related products

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	417,9 k €	-7.5%	451,7 k €	-24.6%	599 k €	-11.9%	680,2 k €	-10.8%	762,4 k €	+33.4%	571,7 k €	-2.8%	588,2 k €	+17.2%	502,1 k €	-1.6%	510 k €	-6.5%	545,6 k €	-2.8%	561,1 k €	+23.7%	453,7 k €	+101%	225,9 k €	-10.6%	252,5 k €	+22.5%	206,1 k €	+8.8%	189,4 k €	+3.6%	182,8 k €	+50.7%	121,3 k €	+1498%	7,6 k €
EBITDA	148,8 k €	-1.5%	151,1 k €	-23.1%	196,4 k €	-10.3%	218,9 k €	-12.3%	249,7 k €	+105%	121,6 k €	-21.2%	154,4 k €	+102%	76,3 k €	-42.3%	132,2 k €	-41.7%	226,7 k €	+33.8%	169,4 k €	+31.2%	129,1 k €	+135%	54,9 k €	-47.7%	104,8 k €	+22.1%	85,9 k €	-17.9%	104,7 k €	+4.9%	99,8 k €	+21.3%	82,3 k €	+7001%	-1,2 k €
Operating result	23,2 k €	-12.1%	26,4 k €	-60.5%	66,9 k €	-16.9%	80,5 k €	-34.8%	123,4 k €	+593%	17,8 k €	-70.7%	60,9 k €	+345%	-24,9 k €	-191%	27,3 k €	-73.4%	102,7 k €	+84.3%	55,7 k €	+234%	16,7 k €	+199%	-16,8 k €	-134%	49,3 k €	+79.6%	27,4 k €	-46.1%	50,9 k €	+2.2%	49,8 k €	+32.3%	37,7 k €	+206%	-35,6 k €
Net result	13,4 k €	+49.5%	9 k €	-75.1%	36,1 k €	-54.3%	78,9 k €	-17.7%	95,9 k €	+2545%	3,6 k €	-91.5%	42,4 k €	+219%	-35,6 k €	-724%	5,7 k €	-86.3%	41,8 k €	+60.7%	26 k €	+925%	-3,1 k €	+88.7%	-27,9 k €	-204%	26,9 k €	+185%	9,4 k €	-73.3%	35,3 k €	+1040%	3,1 k €	-83.7%	19,1 k €	+142%	-45,5 k €
Balance sheet
Equity	295,2 k €	+4.8%	281,8 k €	+5.4%	267,4 k €	+15.6%	231,3 k €	+18.8%	194,7 k €	+97.1%	98,8 k €	+3.8%	95,1 k €	+80.5%	52,7 k €	-40.3%	88,3 k €	+6.9%	82,6 k €	+27.4%	64,9 k €	+66.8%	38,9 k €	-7.5%	42 k €	-39.9%	69,9 k €	+112%	33 k €	+40.0%	23,6 k €	+370%	-8,7 k €	+26.2%	-11,8 k €	+66.1%	-34,9 k €
Total assets	721,4 k €	-4.5%	755,6 k €	-10.6%	844,8 k €	-3.9%	879,3 k €	-13.1%	1 M €	+2.2%	989,8 k €	+39.2%	711 k €	-4.8%	747,1 k €	+3.0%	725,1 k €	-9.1%	797,6 k €	-5.7%	846,2 k €	-8.6%	926 k €	+52.2%	608,6 k €	+36.4%	446,1 k €	+4.2%	428 k €	-0.9%	431,9 k €	-2.4%	442,4 k €	-1.1%	447,3 k €	+7.9%	414,5 k €
Cash	127,6 k €	-30.5%	183,7 k €	+22.2%	150,3 k €	+44.5%	104 k €	+6.4%	97,8 k €	+252%	27,8 k €	-64.3%	77,6 k €	+32.0%	58,8 k €	+5.8%	55,6 k €	-1.0%	56,1 k €	-18.7%	69,1 k €	-0.3%	69,3 k €	-14.4%	81 k €	-5.4%	85,6 k €	+431%	16,1 k €	+491%	2,7 k €	+78.6%	1,5 k €	-76.6%	6,5 k €	-40.6%	11 k €
Debts	425,3 k €	-10.3%	473,8 k €	-17.8%	576,5 k €	-10.8%	646 k €	-20.9%	816,8 k €	-8.3%	891 k €	+44.7%	615,8 k €	-11.3%	694,4 k €	+9.0%	636,8 k €	-10.9%	715 k €	-8.5%	781,4 k €	-11.9%	887,1 k €	+56.6%	566,5 k €	+50.6%	376,2 k €	-4.7%	395 k €	-3.3%	408,3 k €	-9.5%	451,1 k €	-1.7%	459,1 k €	+2.2%	449,4 k €
Other
Workforce	4,8 ETP	-17.2%	5,8 ETP	-24.7%	7,7 ETP	-29.4%	10,9 ETP	-2.7%	11,2 ETP	+2.8%	10,9 ETP	+3.8%	10,5 ETP	+4.0%	10,1 ETP	-49.0%	19,8 ETP	+27.7%	15,5 ETP	+61.5%	9,6 ETP	+2.1%	9,4 ETP	+80.8%	5,2 ETP	+18.2%	4,4 ETP	0.0%	4,4 ETP	+33.3%	3,3 ETP	+6.5%	3,1 ETP	+82.4%	1,7 ETP	+325%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

NATHALIE HASPESLAGH

Director

Active

THOMAS MARECHAL

Director

Active

Ended mandates

Guido Haspeslagh

Mandate

Ended

HaDé Consult

Mandate · 0860.235.194

Ended

HaDé Consult

Mandate · 0860.235.194

Ended

Myriam Dubaere

Mandate

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	30/08/2024	29/09/2023	31/08/2022	29/09/2021	31/10/2020
General meeting	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021	02/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	02/06/2025	29/09/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	29/09/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	31/10/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	28/08/2017	Dutch	PDF
Abridged modelCorrection	31/12/2015	06/06/2016	14/10/2016	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	01/08/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	09/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 7 ended

Active mandates

NATHALIE HASPESLAGH

Director

Active

THOMAS MARECHAL

Director

Active

Ended mandates

Guido Haspeslagh

Mandate

Ended

HaDé Consult

Mandate · 0860.235.194

Ended

HaDé Consult

Mandate · 0860.235.194

Ended

Myriam Dubaere

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other05/04/2006
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202413,4 k €↑
2023
Annual accounts 20239 k €↓
2022
Annual accounts 202236,1 k €↓
2021
Annual accounts 202178,9 k €↓
2020
Annual accounts 202095,9 k €↑
2019
Annual accounts 20193,6 k €↓
2018
Annual accounts 201842,4 k €↑
2017
Annual accounts 2017-35,6 k €↓
2016
Annual accounts 20165,7 k €↓
2015
Annual accounts 201541,8 k €↑
2014
Annual accounts 201426 k €↑
2013
Annual accounts 2013-3,1 k €↑
2012
Annual accounts 2012-27,9 k €↓
2011
Annual accounts 201126,9 k €↑
2010
Annual accounts 20109,4 k €↓
2009
Annual accounts 200935,3 k €↑
2008
Annual accounts 20083,1 k €↓
2007
Annual accounts 200719,1 k €↑
2006
Annual accounts 2006-45,5 k €
24/03/2006
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

H M D

Overview

What does H M D do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline