HD PROJECTS
ActiveSummary
HD PROJECTS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €919,309 and a net result of €392,413, of which €530,000 non-recurring income. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 52% of 11,221 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Development of residential building projects
NACE 68121
2 sites
Size
≈ €240,000turnover 2025, estimated
- Equity
- €919,309
- Profit
- €392,413
Turnover estimated from the gross margin
Structure
- Holdings
- 1
2025 accounts 42 days early3 of 4 deeds summarised
Why 95raises riskLiquidity: current ratio 0.49, cash €14,870lowers riskSize: total assets €2.8mFigures for financial year 2025 (filed 19-06-2026)Founded in 2011Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Average
Solvency
58+14
equity 33.0% of total assets
Liquidity
36+1
short-term debt 32.9% · cash 0.5%
Profitability
55+12
return on assets 14.1%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.9%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.8 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.49, compared with 0.26 in 2024, below 1; short-term debt: 32.9% and cash: 0.5% of total assets), and 67% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 53% on solvency, 30% on liquidity, 55% on profitability and 92% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 days early
2024
29 days late
2023
29 days late
2022
30 days late
2021
31 days late
2020
31 days late
2019
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Capital & shares · RestructuringAuditor report · Demerger ·…
- Annual accounts filedfinancial year 2025 · abbreviated…
- RestructuringDemerger · Real estate ·…
Financials · financial year 2025, abbreviated format
Turnover
≈ €240,000
Estimated: probably between €160,000 and €490,000
Total assets
€2.8m▼ 2.2%
2024 · €2.8m
Net result
€392,413
2024 · -€96,673
Working capital
-€466,960▲ 37.9%
2024 · -€751,792
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €107,311 in 2025 against €55,893 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.1m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.8m
2025
Equity€0.9m
2025
Debt€1.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)14.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency33.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.49
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.008m--€0.03m▼ 291%-€0.1m▼ 259%-€0.04m▲ 65.0%€0.08m-€0.03m-€0.06m▼ 96.0%-€0.1m▼ 92.0%
Net result€0.2m-€0.1m▼ 14.0%€0.1mwithin the sector's middle half▼ 26.0%€0.002mwithin the sector's middle half▼ 97.5%€0.03mwithin the sector's middle half▲ 13×-€0.06mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 55.2%€0.4mabove the sector's middle half
Equity€0.4m-€0.5m▲ 22.4%€0.5mwithin the sector's middle half▼ 0.4%€0.5mwithin the sector's middle half▲ 0.5%€0.7mwithin the sector's middle half▲ 51.3%€0.6mwithin the sector's middle half▼ 9.1%€0.5mwithin the sector's middle half▼ 15.5%€0.9mwithin the sector's middle half▲ 74.5%
Total assets€1.0m-€1.2m▲ 16.6%€2.5mwithin the sector's middle half▲ 108%€2.9mwithin the sector's middle half▲ 16.2%€3.4mwithin the sector's middle half▲ 18.4%€3.3mwithin the sector's middle half▼ 4.6%€2.8mwithin the sector's middle half▼ 12.8%€2.8mwithin the sector's middle half▼ 2.2%
Debt€0.7m-€0.7m▲ 13.3%€2.0m▲ 174%€2.4m▲ 19.7%€2.7m▲ 12.2%€2.6m▼ 3.5%€2.3m▼ 12.2%€1.9m▼ 19.6%
Working capital-€0.1m--€0.1m▲ 3.2%-€0.3mbelow the sector's middle half▼ 170%-€0.8mbelow the sector's middle half▼ 154%-€1.2mbelow the sector's middle half▼ 52.4%-€1.1mbelow the sector's middle half▲ 9.2%-€0.8mbelow the sector's middle half▲ 29.1%-€0.5mbelow the sector's middle half▲ 37.9%
Solvency36.1%-37.9%▲ 1.8pp18.1%within the sector's middle half▼ 19.8pp15.7%within the sector's middle half▼ 2.4pp20.0%within the sector's middle half▲ 4.4pp19.1%within the sector's middle half▼ 0.9pp18.5%within the sector's middle half▼ 0.6pp33.0%within the sector's middle half▲ 14.5pp
Current ratio0.48-0.03▼ 0.450.31below the sector's middle half▲ 0.280.13below the sector's middle half▼ 0.190.11below the sector's middle half▼ 0.020.04below the sector's middle half▼ 0.060.26below the sector's middle half▲ 0.220.49within the sector's middle half▲ 0.23
Return on assets (ROA)15.1%-11.1%▼ 4.0pp4.0%within the sector's middle half▼ 7.2pp0.1%within the sector's middle half▼ 3.9pp0.9%within the sector's middle half▲ 0.8pp-1.9%below the sector's middle half▼ 2.8pp-3.4%below the sector's middle half▼ 1.5pp14.1%above the sector's middle half▲ 17.5pp
above
within
below
the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.3m ▼ 9.4%
Current assets
€448,777 ▲ 65.7%
Equity and liabilities €2.8m
Equity
€919,309 ▲ 74.5%
Debt
€1.9m ▼ 19.6%
Debt's share of the balance-sheet total falls from 81.5% to 67.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100,262▼
2024 · €153,758
Cash flow
€599,986▲
2024 · €112,978
Debt to equity
2.03▼
2024 · 4.40
ROE
42.7%▲
2024 · -18.3%
Interest coverage
2.28▼
2024 · 3.45
Debt ≤ 1 year
€915,737▼
2024 · €1.0m
Debt > 1 year
€947,726▼
2024 · €1.3m
Income taxes
€1,440▲
2024 · €574
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
96.5%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €66,116 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,727 | €75,945 | €137,753 | €85,916 | €150,058 | €204,237 | €209,650 | €207,573 | ▼ 1.0% |
| Other operating charges640/8 | - | - | - | €9,213 | €10,594 | €15,370 | €45,103 | €22,686 | ▼ 49.7% |
| Gross operating margin9900 | €55,791 | €52,234 | €33,371 | €55,169 | €240,874 | €191,093 | €198,860 | €122,948 | ▼ 38.2% |
| Operating profit (loss)9901 | -€8,126 | -€31,760 | -€114,043 | -€39,959 | €80,222 | -€28,514 | -€55,893 | -€107,311 | ▼ 92.0% |
| Financial income75/76B | - | - | - | €56,094 | €742 | €663 | €4,391 | €545,183 | ▲ 124× |
| Recurring financial income75 | €175,000 | €182,101 | €245,000 | €56,094 | €742 | €663 | €4,391 | €15,183 | ▲ 246% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €530,000 | - |
| Financial charges65/66B | - | - | - | €12,595 | €26,387 | €34,133 | €44,598 | €44,019 | ▼ 1.3% |
| Recurring financial charges65 | €11,302 | €16,559 | €22,302 | €12,595 | €26,387 | €34,133 | €44,598 | €44,019 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €155,573 | €133,782 | €108,655 | €3,539 | €54,577 | -€61,985 | -€96,099 | €393,853 | - |
| Income taxes67/77 | €1,075 | €988 | €10,372 | €1,108 | €23,980 | €301 | €574 | €1,440 | ▲ 151% |
| Profit (loss) for the period9904 | €154,498 | €132,794 | €98,283 | €2,432 | €30,597 | -€62,286 | -€96,673 | €392,413 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €201,912 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €154,498 | €132,794 | €98,283 | €2,432 | €232,509 | -€62,286 | -€96,673 | €392,413 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.2m | €2.5m | €2.9m | €3.4m | €3.3m | €2.8m | €2.8m | ▼ 2.2% |
| Fixed assets21/28 | €0.9m | €1.2m | €2.4m | €2.8m | €3.3m | €3.2m | €2.6m | €2.3m | ▼ 9.4% |
| Intangible fixed assets21 | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 19.6% |
| Tangible fixed assets22/27 | €0.8m | €1.1m | €2.3m | €2.7m | €3.2m | €3.1m | €2.5m | €2.3m | ▼ 6.7% |
| Land and buildings22 | - | - | - | €2.6m | €3.1m | €3.0m | €2.4m | €2.2m | ▼ 6.8% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.01m | €0.008m | €0.01m | ▲ 73.6% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.06m | €0.2m | €0.1m | €0.1m | ▼ 11.7% |
| Financial fixed assets28 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | - | - |
| Current assets29/58 | €0.1m | €0.003m | €0.1m | €0.1m | €0.1m | €0.05m | €0.3m | €0.4m | ▲ 65.7% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €0.2m | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.2m | - |
| Amounts receivable within one year40/41 | €0.08m | €0.002m | €0.1m | €0.01m | €0.1m | €0.02m | €0.2m | €0.3m | ▲ 17.7% |
| Trade receivables40 | - | - | - | €0.006m | €0.1m | €0.02m | €0.02m | €0.007m | ▼ 62.8% |
| Other amounts receivable41 | - | - | - | €0.004m | - | €0.006m | €0.2m | €0.3m | ▲ 24.5% |
| Cash at bank and in hand54/58 | €0.02m | €21 | €0.003m | €0.1m | €0.02m | €0.02m | €0.03m | €0.01m | ▼ 46.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.004m | €0.006m | €0.007m | €0.006m | ▼ 14.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €2.5m | €2.9m | €3.4m | €3.3m | €2.8m | €2.8m | ▼ 2.2% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.5m | €0.7m | €0.6m | €0.5m | €0.9m | ▲ 74.5% |
| Contributions10/11 | €0.1m | €0.1m | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.3m | €0.4m | €0.4m | €0.4m | €0.6m | €0.5m | €0.4m | €0.8m | ▲ 91.9% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.2m | €0.2m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | - | - | - | - |
| Other1319 | - | - | - | - | €0.2m | €0.2m | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.4m | €0.3m | €0.4m | €0.8m | ▲ 91.9% |
| Profit (loss) carried forward14 | - | - | - | - | - | -€0.008m | - | - | - |
| Amounts payable17/49 | €0.7m | €0.7m | €2.0m | €2.4m | €2.7m | €2.6m | €2.3m | €1.9m | ▼ 19.6% |
| Amounts payable after more than one year17 | €0.4m | €0.6m | €1.6m | €1.6m | €1.4m | €1.5m | €1.3m | €0.9m | ▼ 26.9% |
| Financial debts170/4 | - | - | - | €1.6m | €1.4m | €1.5m | €1.3m | €0.9m | ▼ 26.9% |
| Amounts payable within one year42/48 | €0.2m | €0.1m | €0.4m | €0.9m | €1.3m | €1.1m | €1.0m | €0.9m | ▼ 10.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.07m | ▼ 60.5% |
| Trade debts44 | €0.007m | €0.002m | €0.006m | €0.06m | €0.04m | €0.03m | €0.04m | €0.04m | ▼ 13.5% |
| Suppliers440/4 | - | - | - | €0.06m | €0.04m | €0.03m | €0.04m | €0.04m | ▼ 13.5% |
| Advances received on contracts in progress46 | - | - | - | - | €0.001m | €0.001m | €0.004m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.03m | €0.03m | €0.004m | €0.001m | ▼ 86.7% |
| Taxes450/3 | - | - | - | €0.01m | €0.03m | €0.03m | €0.004m | €0.001m | ▼ 86.7% |
| Other amounts payable47/48 | - | - | - | €0.7m | €1.1m | €0.9m | €0.8m | €0.8m | ▲ 1.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.1m | €0.1m | €0.002m | €0.03m | -€0.06m | -€0.1m | €0.4m | - |
| + Depreciation and write-downs630 | €0.06m | €0.08m | €0.1m | €0.09m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 1.0% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.2m | €0.09m | €0.2m | €0.1m | €0.1m | €0.6m | ▲ 431% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€1.3m | -€0.5m | -€0.7m | -€0.1m | €0.4m | €0.03m | ▼ 92.2% |
| Change in cash | - | -€0.02m | €0.003m | €0.1m | -€0.08m | -€0.005m | €0.009m | -€0.01m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00179823 |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00468016 |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00400627 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00426702 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20425594 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-62800383 |
| 31-12-2019 | abbreviated format | 13-07-2020 | 2020-29900156 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-62200535 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-58900245 |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-52900500 |
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Of the 9,525 active companies whose main activity is development of residential building projects (NACE 68121), figures are known for 7,543. 4,039 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
no sitting director read yet, last change in 2022
No directors read yet: 3 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
2 people since 2022, 0 in office
- Board
| Name | Functions and periods |
|---|---|
| DEKONINCK Hans Gerard Eugeen |
|
| JONCKHEERE Dorine Greta Simonne |
|
Owners and capital
Capital and shareholders
Capital over the years
- 26-08-2026 Capital reduction of €474,501.94 · to €444,806.86 · in a demerger
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
70%
According to the 2024 annual accounts of HD PROJECTS and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 3 of 4 Gazette acts processed.
Acquisitions and mergers
2 transactionsSplit off to:RDH PROJECTS
Split off to:RADOHA
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
26-08
Gazette deed
Capital & shares · RestructuringAuditor report · Demerger · Shareholding18 facts ▸
Gazette deed
Capital & shares · Restructuring
Auditor report · Demerger · Shareholding18 facts ▸
- General meeting, 30-07-2026
- Other provision, “ontslag notaris voorlezing, ontslaan notaris om voorlezing te geven van het Voorstel tot Partiële Splitsing” (deed in Dutch)
- Other provision, “verzaking splitsingsverslaggeving, verzaken aan opmaak verslag bestuursorgaan en verslag bedrijfsrevisor of gecertificeerd accountant” (deed in Dutch)
- Other provision, “kennisname verslag inbreng in natura, artikel 5:7 § 1 WVV” (deed in Dutch)
- Auditor report, 28-07-2026
- Other provision, “ontslag notaris voorlezing verslagen, ontslaan notaris om voorlezing te geven van het verslag van de oprichter en het verslag van de bedrijfsrevisor” (deed in Dutch)
- Other provision, “geen belangrijke wijzigingen activa en passiva”, 30-07-2026 (deed in Dutch)
- Demerger, “partiele splitsing, integraal toebedeeld aan de Partieel te Splitsen Vennootschap” (deed in Dutch)
- Shareholding, “wordt aandeelhouder, Opschortende voorwaarde van goedkeuring van de inbreng en oprichting van de Nieuwe Verkrijgende Vennootschap” (deed in Dutch) (2 times)
- Real estate, EUR, “Stad Brugge, achttiende afdeling, deel Sint-Kruis, eerste afdeling” (deed in Dutch) (3 times)
- Capital, €474,501.94
- General meeting, “Goedkeuring van het ontwerp van oprichtingsakte en de statuten van RDH PROJECTS BV, art. 12:85 WVV” (deed in Dutch)
- +6 further facts in this act
19-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
09-06
Gazette deed
RestructuringDemerger · Real estate · Accounting effect12 facts ▸
Gazette deed
Restructuring
Demerger · Real estate · Accounting effect12 facts ▸
- Demerger, “partiële splitsing door oprichting, bestuursorgaan van HD PROJECTS” (deed in Dutch)
- Other provision, “rechten en bijzondere voordelen, artikel 12:75,tweede lid,6° en 8° WWV” (deed in Dutch)
- Real estate, “Brugge,18e afdeling Sint-Kruis,sectie C, 80% volle eigendom” (deed in Dutch) (2 times)
- Other provision, “inrichting,installaties,asbest,attesten, aandeelhouders” (deed in Dutch)
- Other provision, “rollend materieel en passief en restvermogen, W1K2231681A08560001” (deed in Dutch)
- Other provision, “bijzondere vergoeding verslag artikel 12:78, toekenning a rato van aandeel” (deed in Dutch)
- Other provision, 1000, “voor elk aandeel één aandeel” (deed in Dutch)
- Other provision, “RADOHA” (deed in Dutch)
- Other provision, “wijze van uitreiking aandelen, inschrijving in het aandelenregister van de Op te Richten Vennootschap met aantekening identiteit nieuwe aandeelhouders en aandel…” (deed in Dutch)
- Other provision, “winstdeelname uitgereikte aandelen”, 01-01-2026 (deed in Dutch)
- Accounting effect, 01-01-2026
- Other provision, “bijlage 1, gedetailleerde partiële splitsingsstaat” (deed in Dutch)
2025
31-12
Financial
Back to profitnet €392,413
Net result €392,413 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€96,673
Net result drops to -€96,673, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format · 29 days late
2023
30-08
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format · 30 days late
2022
31-12
Financial
Equity above €500,000equity €685,855 ▲51.3%
A profit in every financial year since 2018 builds equity to €685,855.
31-08
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
20-05
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsResignations: DEKONINCK Hans Gerard Eugeen (statutory manager) and JONCKHEERE Dorine Greta Simonne (statutory manager) · Appointments: DEKONINCK Hans Gerard Eugeen (statutory director) and JONCKHEERE Dorine Greta Simonne (statutory director) · Incorporation20 facts ▸
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointments
Resignations: DEKONINCK Hans Gerard Eugeen (statutory manager) and JONCKHEERE Dorine Greta Simonne (statutory manager) · Appointments: DEKONINCK Hans Gerard Eugeen (statutory director) and JONCKHEERE Dorine Greta Simonne (statutory director) · Incorporation20 facts ▸
- Incorporation, 14-07-2011
- General meeting, 11-05-2022
- Director resignation, DEKONINCK Hans Gerard Eugeen (statutory manager)
- Director resignation, JONCKHEERE Dorine Greta Simonne (statutory manager)
- Director appointment, DEKONINCK Hans Gerard Eugeen (statutory director) (2 times)
- Director appointment, JONCKHEERE Dorine Greta Simonne (statutory director) (2 times)
- Other provision, “afwezigheid beletsel benoeming, niet getroffen door enige maatregel of besluit dat zich daartegen verzet” (deed in Dutch) (2 times)
- Other provision, “opname ontslag en herbenoeming in statuten in vijfde besluit, opname in vijfde besluit met volledig nieuwe statuten overeenkomstig WVV” (deed in Dutch)
- Other provision, 03-05-2022
- Other provision, “vergadering, kennisname verslag bestuursorgaan” (deed in Dutch)
- Purpose change
- Amendment of the articles (2 times)
- +8 further facts in this act
2021
31-08
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 31 days late
Show earlier events
2020
13-07
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
30-08
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 30 days late
2018
31-08
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 31 days late
2017
28-08
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
3 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded14-07-2011
Financial year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
46180Agents specialised in the wholesale of other particular products
55204Guest rooms (bed and breakfast)
56210Event catering
68110Buying and selling of own real estate
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837946277
Also
9925:BE0837946277
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0837.946.277
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Zedelgem · 2 establishment units since 2011
Ground area
1.8 ha
Building footprint
470 m²
Building volume
3,221 m³
2 parcels, Flanders · tallest building 14.3 m. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
HD Projects
since 2011unit no. 2.201.373.923
Brughia Bed&Breakfast
since 2022unit no. 2.333.315.303
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31001B0547/00M000 | Flanders | 1.7 ha | 1 · 271 m² | 10.0 m · 2 |
| 31804D0913/00F000 | Flanders | 448 m² | 1 · 200 m² | 14.3 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- HD PROJECTS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, adres overbrengbaar naar tweetalig gebied Brussel Hoofdstad of Nederlands taalgebied bij eenvoudige beslissing bestuursorgaan…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Vaste of evenredige vergoeding, Artikel 12” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal bij meer…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment door algemene vergadering in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurders in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)