HB&SR PROJECT

Open bankruptcy

Private limited companyfounded 2021Kattestraat 27, 1785 Merchtem, BelgiumKBO/BCE: BE 0763.858.469

A bankruptcy procedure is open for HB&SR PROJECT according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER. The 2022 annual accounts show equity of €34k and a net result of €10k.

Watch Print / PDF

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

31 d late

2021

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, micro schema

Turnover

€177k▲ 76.2%

2021 · €101k

2021: €101k

2021 → 2022

EBIT margin

6.9%▲ 15.4pp

2021 · -8.4%

2021: -8.4%

2021 → 2022

Net result

€10k

2021 · €-35k

2021: €-35k

2021 → 2022

Working capital

€-21k▼ 4.4%

2021 · €-20k

2021: €-20k

2021 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022Trend

Turnover€101k-€177k▲ 76.2%

Equity€25k-€34k▲ 40.0%

Operating result€-8k-€12k

Net result€-35k-€10k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2022: €12k after a loss of €8k in 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €145k

90.0%

10%

Fixed assets €131k▼ 5.8%

Current assets €15k▼ 33.9%

Equity and liabilities €145k

23.7%

76.3%

Equity €34k▲ 40.0%

Debt €111k▼ 26.0%

The debt ratio falls from 85.9% to 76.3%. Equity is higher and debt is lower.

Key figures and ratios

2022 value · change against 2021

EBITDA

€34k▲

2021 · €4k

Cash flow

€31k▲

2021 · €-23k

Solvency

23.7%▲

2021 · 14.1%

Current ratio

0.41▼

2021 · 0.52

Quick ratio

0.36▼

2021 · 0.46

Debt / equity

3.22▼

2021 · 6.09

ROE

28.6%▲

2021 · -143.9%

ROA

6.8%▲

2021 · -20.3%

Interest coverage

13.49▲

2021 · 0.15

Debt

€111k▼

2021 · €150k

Debt ≤ 1 year

€35k▼

2021 · €42k

Debt > 1 year

€76k▼

2021 · €108k

Staff costs

€28k▲

2021 · €19k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2022 against 2021

Balance sheet Code20212022

Assets

Total assets20/58€174k€145k▼

Formation expenses20€14k-

Fixed assets21/28€139k€131k▼

Tangible fixed assets22/27€135k€127k▼

Land and buildings22-€12k

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€37k€30k▼

Other tangible fixed assets26€95k€83k▼

Financial fixed assets28€4k€4k=

Current assets29/58€22k€15k▼

Stocks and contracts in progress3€3k€2k▼

Stocks30/36€3k€2k▼

Amounts receivable within one year40/41€16k€11k▼

Other amounts receivable41€16k€11k▼

Cash at bank and in hand54/58€3k€2k▼

Deferred charges and accrued income490/1€230-

Equity and liabilities

Total equity and liabilities10/49€174k€145k▼

Equity10/15€25k€34k▲

Contributions10/11€60k€60k=

Profit (loss) carried forward14€-35k€-26k▲

Amounts payable17/49€150k€111k▼

Amounts payable after more than one year17€108k€76k▼

Financial debts170/4€108k€76k▼

Amounts payable within one year42/48€42k€35k▼

Current portion of amounts payable after more than one year42-€5k

Financial debts43€1k€3k▲

Credit institutions430/8€1k€3k▲

Trade debts44€24k€25k▲

Suppliers440/4€24k€25k▲

Taxes, remuneration and social security45€14k-

Remuneration and social security454/9€14k-

Other amounts payable47/48€3k€2k▼

Income statement Code20212022

Turnover70€101k€177k▲

Goods, raw materials, services and sundry goods60/61€78k€117k▲

Remuneration, social security and pensions62€19k€28k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€22k▲

Other operating charges640/8€348€39▼

Gross operating margin9900€23k€62k▲

Operating profit (loss)9901€-8k€12k▲

Financial income75/76B-€35

Recurring financial income75-€35

Financial charges65/66B€27k€3k▼

Recurring financial charges65€27k€3k▼

Profit (loss) for the period before taxes9903€-35k€10k▲

Profit (loss) for the period9904€-35k€10k▲

Profit (loss) for the period to be appropriated9905€-35k€10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-35k€-26k▲

Profit (loss) brought forward from the previous period14P-€-35k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 4Signals 1Financial 1Filings 2

2024

26-02

Bankruptcy Opening

Ondernemingsrechtbank Brussel · HB&SR PROJECT BV KATTE- STRAAT 27/3, 1785 MERCHTEM · event 20-02-2024

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Back to profitnet €10k

Net result €10k after one loss-making year.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Merchtem · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kattestraat 271785 Merchtem

Ground area

2,910 m²

Building footprint

2,877 m²

Volume, LiDAR

66,849 m³

Parcel 23602H0700/00E000, Flanders · tallest building 26.4 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

CAPOUE

Kattestraat 27, 1785 MerchtemRetail sale of bread and pastry (bakery outlets)

since 20212.314.351.605

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23602H0700/00E000	Flanders	2,910 m²	1 · 2,877 m²	26.4 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate

Role	Name	Tenure
Curator	ANOUK DE VLEESHOUWER PEGASUSLAAN 5, 1831 DIEGEM- . 27844 BELGISCH STAATSBLAD — 26.02.2024 — MONITEUR BELGE ↔ Also on 260 other cases	20-02-2024 → present