HAMMER PROJECTS
ActiveSummary
HAMMER PROJECTS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €284,809 and a net result of €57,536. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+2
Solvency72▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 2.62 in 2024; short-term debt: 22% and cash: 12.7% of total assets), but 53.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
46.8%
Return on assets
9.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
34 d early
2023
15 d early
2022
32 d early
2021
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by total assets in Evergem, Telecoms and IT sector
Equity
€284,809▼ 7.8%
2024 · €309,052
Total assets
€608,639▲ 0.4%
2024 · €606,477
Net result
€57,536▲ 17.6%
2024 · €48,941
Working capital
€98,214▼ 28.5%
2024 · €137,421
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€122,880-€67,749▼ 44.9%€79,514▲ 17.4%€72,271▼ 9.1%€88,037▲ 21.8%
Net result€85,223-€47,793▼ 43.9%€48,864▲ 2.2%€48,941▲ 0.2%€57,536▲ 17.6%
Equity€207,623-€246,356▲ 18.7%€294,387▲ 19.5%€309,052▲ 5.0%€284,809▼ 7.8%
Total assets€293,957-€350,089▲ 19.1%€396,249▲ 13.2%€606,477▲ 53.1%€608,639▲ 0.4%
Debt€86,334-€103,733▲ 20.2%€101,861▼ 1.8%€297,425▲ 192%€323,830▲ 8.9%
Working capital€166,570-€108,524▼ 34.8%€163,705▲ 50.8%€137,421▼ 16.1%€98,214▼ 28.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +53% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 22% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €608,639
Fixed assets
€376,385 ▼ 2.0%
Current assets
€232,254 ▲ 4.5%
Equity and liabilities €608,639
Equity
€284,809 ▼ 7.8%
Debt
€323,830 ▲ 8.9%
Debt's share of the balance-sheet total rises from 49.0% to 53.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€114,239▼
2024 · €120,604
Cash flow
€83,739▼
2024 · €97,273
Current ratio
1.73▼
2024 · 2.62
Debt to equity
1.14▲
2024 · 0.96
ROE
20.2%▲
2024 · 15.8%
ROA
9.5%▲
2024 · 8.1%
Interest coverage
10.56▼
2024 · 22.48
Debt ≤ 1 year
€134,040▲
2024 · €84,902
Debt > 1 year
€189,402▼
2024 · €212,149
Income taxes
€24,923▲
2024 · €20,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,826 | €13,425 | €19,426 | €48,333 | €26,203 | ▼ 45.8% |
| Other operating charges640/8 | €1,002 | €865 | €933 | €2,465 | €1,769 | ▼ 28.2% |
| Non-recurring operating charges66A | - | - | - | - | €1,606 | - |
| Gross operating margin9900 | €133,708 | €82,039 | €99,873 | €123,068 | €117,614 | ▼ 4.4% |
| Operating profit (loss)9901 | €122,880 | €67,749 | €79,514 | €72,271 | €88,037 | ▲ 21.8% |
| Financial income75/76B | €65 | €115 | €2,631 | €2,073 | €5,241 | ▲ 153% |
| Recurring financial income75 | €65 | €115 | €2,631 | €2,073 | €5,241 | ▲ 153% |
| Financial charges65/66B | €1,755 | €2,401 | €10,152 | €5,365 | €10,819 | ▲ 102% |
| Recurring financial charges65 | €1,755 | €2,401 | €10,152 | €5,365 | €10,819 | ▲ 102% |
| Profit (loss) for the period before taxes9903 | €121,190 | €65,463 | €71,993 | €68,979 | €82,459 | ▲ 19.5% |
| Income taxes67/77 | €35,966 | €17,670 | €23,129 | €20,038 | €24,923 | ▲ 24.4% |
| Profit (loss) for the period9904 | €85,223 | €47,793 | €48,864 | €48,941 | €57,536 | ▲ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €85,223 | €47,793 | €48,864 | €48,941 | €57,536 | ▲ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €293,957 | €350,089 | €396,249 | €606,477 | €608,639 | ▲ 0.4% |
| Fixed assets21/28 | €97,732 | €209,634 | €190,209 | €384,153 | €376,385 | ▼ 2.0% |
| Tangible fixed assets22/27 | €97,732 | €209,634 | €190,209 | €384,153 | €376,385 | ▼ 2.0% |
| Land and buildings22 | €86,347 | €173,691 | €162,235 | €364,149 | €362,119 | ▼ 0.6% |
| Plant, machinery and equipment23 | €3,477 | €2,543 | €1,814 | €1,084 | €2,135 | ▲ 97.0% |
| Furniture and vehicles24 | €7,908 | €33,400 | €26,160 | €18,920 | €12,131 | ▼ 35.9% |
| Current assets29/58 | €196,225 | €140,455 | €206,040 | €222,324 | €232,254 | ▲ 4.5% |
| Amounts receivable after more than one year29 | - | €48,250 | €42,850 | €40,000 | €40,000 | = |
| Other amounts receivable291 | - | €48,250 | €42,850 | €40,000 | €40,000 | = |
| Amounts receivable within one year40/41 | €57,836 | €45,862 | €34,015 | €60,955 | €25,816 | ▼ 57.6% |
| Trade receivables40 | €54,545 | €24,281 | €21,018 | €51,635 | €18,653 | ▼ 63.9% |
| Other amounts receivable41 | €3,292 | €21,581 | €12,997 | €9,320 | €7,164 | ▼ 23.1% |
| Current investments50/53 | €7,999 | €9,735 | €25,514 | €66,030 | €84,849 | ▲ 28.5% |
| Cash at bank and in hand54/58 | €130,001 | €30,840 | €101,615 | €52,279 | €77,574 | ▲ 48.4% |
| Deferred charges and accrued income490/1 | €388 | €5,768 | €2,045 | €3,060 | €4,014 | ▲ 31.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €293,957 | €350,089 | €396,249 | €606,477 | €608,639 | ▲ 0.4% |
| Equity10/15 | €207,623 | €246,356 | €294,387 | €309,052 | €284,809 | ▼ 7.8% |
| Contributions10/11 | €500 | €500 | €500 | €500 | €500 | = |
| Reserves13 | €207,123 | €245,856 | €293,887 | €308,552 | €284,309 | ▼ 7.9% |
| Distributable reserves133 | €207,123 | €245,856 | €293,887 | €308,552 | €284,309 | ▼ 7.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €86,334 | €103,733 | €101,861 | €297,425 | €323,830 | ▲ 8.9% |
| Amounts payable after more than one year17 | €56,044 | €71,803 | €59,527 | €212,149 | €189,402 | ▼ 10.7% |
| Financial debts170/4 | €56,044 | €71,803 | €59,527 | €212,149 | €189,402 | ▼ 10.7% |
| Amounts payable within one year42/48 | €29,654 | €31,931 | €42,334 | €84,902 | €134,040 | ▲ 57.9% |
| Current portion of amounts payable after more than one year42 | €8,422 | €11,935 | €12,276 | €22,041 | €38,750 | ▲ 75.8% |
| Trade debts44 | €2,572 | €0 | €2,191 | €7,633 | €1,329 | ▼ 82.6% |
| Suppliers440/4 | €2,572 | €0 | €2,191 | €7,633 | €1,329 | ▼ 82.6% |
| Taxes, remuneration and social security45 | €7,260 | €2,700 | €10,553 | €6,984 | €5,906 | ▼ 15.4% |
| Taxes450/3 | €7,260 | €2,700 | €10,553 | €6,984 | €5,906 | ▼ 15.4% |
| Other amounts payable47/48 | €11,400 | €17,296 | €17,315 | €48,244 | €88,054 | ▲ 82.5% |
| Accrued charges and deferred income492/3 | €636 | €0 | - | €374 | €388 | ▲ 3.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,223 | €47,793 | €48,864 | €48,941 | €57,536 | ▲ 17.6% |
| + Depreciation and write-downs630 | €9,826 | €13,425 | €19,426 | €48,333 | €26,203 | ▼ 45.8% |
| Operating cash flow (approximation) | €95,049 | €61,218 | €68,290 | €97,273 | €83,739 | ▼ 13.9% |
| Investment in fixed assets (approximation) | - | -€125,327 | €0 | -€242,277 | -€18,434 | ▲ 92.4% |
| Change in cash | - | -€99,161 | €70,775 | -€49,336 | €25,296 | ▲ 151% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €47,793 ▼43.9%
Net result drops to €47,793, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Evergem · 1 establishment unit since 2013
Ground area
836 m²
Building footprint
244 m²
Volume, LiDAR
988 m³
Parcel 44066D1016/00K000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hammer Projects
since 20132.221.247.441
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44066D1016/00K000 | Flanders | 836 m² | 1 · 244 m² | 7.2 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
98450099A9FD7C2EEW93
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 13,877 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
Founded15-04-2013
Fiscal year end31-12
Trade name NL
lunaro
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0534391905
Registered
27-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.