HADOJO-PROJECTS
ActiveSummary
HADOJO-PROJECTS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €17k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency97▲+27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 4.4 against 5.31 in 2024; short-term debt: 22.2% and cash: 14.1% of total assets), and 28.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.6%
Return on assets
60.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
16 d late
2024
37 d early
2023
6 d late
2022
2 d late
2021
28 d early
2020
33 d early
2019
85 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▲ 534%
2024 · €3k
2018: €-31k
2019: €-30k▲ +3.7% vs 2018
2020: €-34k▼ -13.5% vs 2019lowest in 8 years
2021: €-32k▲ +4.2% vs 2020
2022: €-27k▲ +17.7% vs 2021
2023: €1k▲ +105% vs 2022
2024: €3k▲ +145% vs 2023
2025: €20k▲ +534% vs 2024highest in 8 years
2018 → 2025
Total assets
€28k▲ 300%
2024 · €7k
2018: €284k
2019: €295k▲ +3.9% vs 2018
2020: €269k▼ -8.6% vs 2019
2021: €286k▲ +6.0% vs 2020
2022: €295k▲ +3.2% vs 2021highest in 8 years
2023: €283k▼ -4.1% vs 2022
2024: €7k▼ -97.5% vs 2023lowest in 8 years
2025: €28k▲ +300% vs 2024
2018 → 2025
Net result
€17k▲ 802%
2024 · €2k
2018: €-8klowest in 8 years
2019: €1k▲ +115% vs 2018
2020: €-4k▼ -451% vs 2019
2021: €1k▲ +135% vs 2020
2022: €6k▲ +306% vs 2021
2023: €28k▲ +388% vs 2022highest in 8 years
2024: €2k▼ -93.2% vs 2023
2025: €17k▲ +802% vs 2024
2018 → 2025
Working capital
€21k▲ 339%
2024 · €5k
2018: €274k
2019: €284k▲ +3.8% vs 2018highest value
2021: €280k
2023: €283k
2024: €5k▼ -98.3% vs 2023lowest value
2025: €21k▲ +339% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-32k-€-27k▲ 17.7%€1k€3k▲ 145%€20k▲ 534%
2021: €-32klowest in 5 years
2022: €-27k▲ +17.7% vs 2021
2023: €1k▲ +105% vs 2022
2024: €3k▲ +145% vs 2023
2025: €20k▲ +534% vs 2024highest in 5 years
Operating result€11k-€15k▲ 43.2%€28k▲ 82.3%€2k▼ 93.2%€17k▲ 820%
2021: €11k
2022: €15k▲ +43.2% vs 2021
2023: €28k▲ +82.3% vs 2022highest in 5 years
2024: €2k▼ -93.2% vs 2023lowest in 5 years
2025: €17k▲ +820% vs 2024
Net result€1k-€6k▲ 306%€28k▲ 388%€2k▼ 93.2%€17k▲ 802%
2021: €1klowest in 5 years
2022: €6k▲ +306% vs 2021
2023: €28k▲ +388% vs 2022highest in 5 years
2024: €2k▼ -93.2% vs 2023
2025: €17k▲ +802% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 820% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€706 ▼ 35.3%
Current assets
€28k ▲ 361%
Equity and liabilities €28k
Equity
€20k ▲ 534%
Debt
€8k ▲ 107%
Debt's share of the balance-sheet total falls from 54.8% to 28.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2024 · €2k
Cash flow
€18k▲
2024 · €2k
Current ratio
4.40▼
2024 · 5.31
Debt to equity
0.40▼
2024 · 1.21
ROE
84.2%▲
2024 · 59.2%
ROA
60.3%▲
2024 · 26.8%
Interest coverage
95.48▲
2024 · 12.67
Debt ≤ 1 year
€6k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7k€28k▲
Fixed assets21/28€1k€706▼
Tangible fixed assets22/27€1k€706▼
Plant, machinery and equipment23€1k€706▼
Current assets29/58€6k€28k▲
Amounts receivable within one year40/41€4k€24k▲
Trade receivables40€4k€24k▲
Other amounts receivable41€120-
Cash at bank and in hand54/58€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€7k€28k▲
Equity10/15€3k€20k▲
Contributions10/11€60k€60k=
Profit (loss) carried forward14€-57k€-40k▲
Amounts payable17/49€4k€8k▲
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€1k€6k▲
Trade debts44€175€581▲
Suppliers440/4€175€581▲
Taxes, remuneration and social security45€959€5k▲
Taxes450/3€959€4k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48-€420
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66€386▲
Other operating charges640/8€430€520▲
Gross operating margin9900€2k€18k▲
Operating profit (loss)9901€2k€17k▲
Financial income75/76B€175€36▼
Recurring financial income75€175€36▼
Financial charges65/66B€154€185▲
Recurring financial charges65€154€185▲
Profit (loss) for the period before taxes9903€2k€17k▲
Profit (loss) for the period9904€2k€17k▲
Profit (loss) for the period to be appropriated9905€2k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-40k▲
Profit (loss) brought forward from the previous period14P€-59k€-57k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €66 | €386 | ▲ 489% |
| Other operating charges640/8 | €555 | €544 | €824 | €430 | €520 | ▲ 20.8% |
| Gross operating margin9900 | €11k | €16k | €29k | €2k | €18k | ▲ 666% |
| Operating profit (loss)9901 | €11k | €15k | €28k | €2k | €17k | ▲ 820% |
| Financial income75/76B | €1 | - | €227 | €175 | €36 | ▼ 79.4% |
| Recurring financial income75 | €1 | - | €227 | €175 | €36 | ▼ 79.4% |
| Financial charges65/66B | €9k | €10k | €154 | €154 | €185 | ▲ 20.6% |
| Recurring financial charges65 | €9k | €10k | €154 | €154 | €185 | ▲ 20.6% |
| Profit (loss) for the period before taxes9903 | €1k | €6k | €28k | €2k | €17k | ▲ 802% |
| Profit (loss) for the period9904 | €1k | €6k | €28k | €2k | €17k | ▲ 802% |
| Profit (loss) for the period to be appropriated9905 | €1k | €6k | €28k | €2k | €17k | ▲ 802% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €286k | €295k | €283k | €7k | €28k | ▲ 300% |
| Fixed assets21/28 | - | - | - | €1k | €706 | ▼ 35.3% |
| Tangible fixed assets22/27 | - | - | - | €1k | €706 | ▼ 35.3% |
| Plant, machinery and equipment23 | - | - | - | €1k | €706 | ▼ 35.3% |
| Current assets29/58 | €286k | €295k | €283k | €6k | €28k | ▲ 361% |
| Stocks and contracts in progress3 | €65k | €158k | - | - | - | - |
| Stocks30/36 | - | €147k | - | - | - | - |
| Contracts in progress37 | €65k | €11k | - | - | - | - |
| Amounts receivable within one year40/41 | €34k | €37k | €323 | €4k | €24k | ▲ 480% |
| Trade receivables40 | €34k | €37k | - | €4k | €24k | ▲ 498% |
| Other amounts receivable41 | €0 | €27 | €323 | €120 | - | - |
| Cash at bank and in hand54/58 | €188k | €100k | €283k | €2k | €4k | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €286k | €295k | €283k | €7k | €28k | ▲ 300% |
| Equity10/15 | €-32k | €-27k | €1k | €3k | €20k | ▲ 534% |
| Contributions10/11 | €60k | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-92k | €-87k | €-59k | €-57k | €-40k | ▲ 30.2% |
| Amounts payable17/49 | €318k | €322k | €282k | €4k | €8k | ▲ 107% |
| Amounts payable after more than one year17 | €288k | €293k | €280k | €1k | - | - |
| Financial debts170/4 | €288k | €293k | €280k | €1k | - | - |
| Amounts payable within one year42/48 | €6k | - | €269 | €1k | €6k | ▲ 457% |
| Trade debts44 | - | - | €269 | €175 | €581 | ▲ 232% |
| Suppliers440/4 | - | - | €269 | €175 | €581 | ▲ 232% |
| Taxes, remuneration and social security45 | €6k | - | - | €959 | €5k | ▲ 454% |
| Taxes450/3 | €6k | - | - | €959 | €4k | ▲ 328% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | - | - | - | - | €420 | - |
| Accrued charges and deferred income492/3 | €24k | €29k | €2k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €6k | €28k | €2k | €17k | ▲ 802% |
| + Depreciation and write-downs630 | - | - | - | €66 | €386 | ▲ 489% |
| Operating cash flow (approximation) | €1k | €6k | €28k | €2k | €18k | ▲ 791% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €-87k | €182k | €-281k | €2k | ▲ 101% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
31-12
Financial
Highest result since 2018net €28k ▲388%
Operating result €28k, net result €28k, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 85 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2015
Ground area
132 m²
Building footprint
92 m²
Volume, LiDAR
863 m³
Parcel 11382C0169/00R002, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HADOJO-PROJECTS
since 20152.247.016.579
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11382C0169/00R002 | Flanders | 132 m² | 1 · 92 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 392 companies in sector 42990 we hold annual accounts for 182. 110 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-10-2015
Fiscal year end31-12
Abbreviation NL
/
Trade name NL
/
Activities, NACEBEL 2025
42990Civil engineering
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.