HELLO PROJECT
ActiveSummary
HELLO PROJECT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305k and a net result of €89k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+11
Solvency39▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.58 in 2024; short-term debt: 32.7% and cash: 2.6% of total assets), but 85.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
14.4%
Return on assets
4.2%
Age of the figures
9 mo
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
24 d early
2023
48 d early
2022
20 d early
2021
48 d early
2020
11 d early
2019
31 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
Turnover
€0
Total assets
€2.12M▲ 1.0%
2024 · €2.10M
2019: €1.24M
2020: €1.20M▼ -3.0% vs 2019lowest in 7 years
2021: €1.31M▲ +9.7% vs 2020
2022: €1.31M▼ -0.7% vs 2021
2023: €1.53M▲ +17.3% vs 2022
2024: €2.10M▲ +37.4% vs 2023
2025: €2.12M▲ +1.0% vs 2024highest in 7 years
2019 → 2025
Net result
€89k▲ 42.6%
2024 · €62k
2019: €201khighest in 7 years
2020: €-64k▼ -132% vs 2019lowest in 7 years
2021: €-10k▲ +85.1% vs 2020
2022: €45k▲ +571% vs 2021
2023: €-29k▼ -165% vs 2022
2024: €62k▲ +311% vs 2023
2025: €89k▲ +42.6% vs 2024
2019 → 2025
Working capital
€650k▼ 15.7%
2024 · €772k
2019: €-147k
2020: €-794k▼ -441% vs 2019lowest in 7 years
2021: €-100k▲ +87.4% vs 2020
2022: €-193k▼ -92.5% vs 2021
2023: €216k▲ +212% vs 2022
2024: €772k▲ +258% vs 2023highest in 7 years
2025: €650k▼ -15.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0
Equity€139k-€184k▲ 32.5%€154k▼ 16.0%€216k▲ 40.3%€305k▲ 40.9%
2021: €139klowest in 5 years
2022: €184k▲ +32.5% vs 2021
2023: €154k▼ -16.0% vs 2022
2024: €216k▲ +40.3% vs 2023
2025: €305k▲ +40.9% vs 2024highest in 5 years
Operating result€12k-€65k▲ 436%€-4k€145k€193k▲ 33.2%
2021: €12k
2022: €65k▲ +436% vs 2021
2023: €-4k▼ -107% vs 2022lowest in 5 years
2024: €145k▲ +3495% vs 2023
2025: €193k▲ +33.2% vs 2024highest in 5 years
Net result€-10k-€45k€-29k€62k€89k▲ 42.6%
2021: €-10k
2022: €45k▲ +571% vs 2021
2023: €-29k▼ -165% vs 2022lowest in 5 years
2024: €62k▲ +311% vs 2023
2025: €89k▲ +42.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.12M
Fixed assets
€781k ▼ 7.3%
Current assets
€1.34M ▲ 6.6%
Equity and liabilities €2.12M
Equity
€305k ▲ 40.9%
Debt
€1.82M ▼ 3.5%
Debt's share of the balance-sheet total falls from 89.7% to 85.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€258k▲
2024 · €213k
Cash flow
€154k▲
2024 · €131k
Current ratio
1.94▼
2024 · 2.58
Quick ratio
0.17▲
2024 · 0.05
Debt to equity
5.97▼
2024 · 8.72
ROE
29.0%▲
2024 · 28.7%
ROA
4.2%▲
2024 · 3.0%
Interest coverage
4.09▲
2024 · 2.98
Debt ≤ 1 year
€694k▲
2024 · €489k
Debt > 1 year
€1.08M▼
2024 · €1.36M
Income taxes
€41k▲
2024 · €11k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.10M€2.12M▲
Fixed assets21/28€842k€781k▼
Tangible fixed assets22/27€841k€780k▼
Land and buildings22€841k€775k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€71€4k▲
Financial fixed assets28€1k€1k=
Current assets29/58€1.26M€1.34M▲
Stocks and contracts in progress3€1.24M€1.23M▼
Stocks30/36€1.24M€1.23M▼
Amounts receivable within one year40/41€11k€5k▼
Trade receivables40€4k€640▼
Other amounts receivable41€7k€5k▼
Current investments50/53-€50k
Cash at bank and in hand54/58€11k€55k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€2.10M€2.12M▲
Equity10/15€216k€305k▲
Contributions10/11€19k€19k=
Reserves13€84k€164k▲
Distributable reserves133€84k€164k▲
Profit (loss) carried forward14€113k€122k▲
Amounts payable17/49€1.89M€1.82M▼
Amounts payable after more than one year17€1.36M€1.08M▼
Financial debts170/4€1.36M€1.08M▼
Amounts payable within one year42/48€489k€694k▲
Current portion of amounts payable after more than one year42€67k€266k▲
Trade debts44€33k€21k▼
Suppliers440/4€33k€21k▼
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€11k€12k▲
Other amounts payable47/48€378k€395k▲
Accrued charges and deferred income492/3€33k€42k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€66k▼
Other operating charges640/8€11k€12k▲
Gross operating margin9900€224k€270k▲
Operating profit (loss)9901€145k€193k▲
Financial income75/76B€17€24▲
Recurring financial income75€17€24▲
Financial charges65/66B€72k€63k▼
Recurring financial charges65€72k€63k▼
Profit (loss) for the period before taxes9903€73k€130k▲
Income taxes67/77€11k€41k▲
Profit (loss) for the period9904€62k€89k▲
Profit (loss) for the period to be appropriated9905€62k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€173k€202k▲
Profit (loss) brought forward from the previous period14P€111k€113k▲
Transfer to equity691/2€60k€80k▲
To other reserves6921€60k€80k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €66k | €68k | €68k | €66k | ▼ 4.2% |
| Other operating charges640/8 | €11k | €11k | €12k | €11k | €12k | ▲ 13.6% |
| Gross operating margin9900 | €90k | €143k | €75k | €224k | €270k | ▲ 20.8% |
| Operating profit (loss)9901 | €12k | €65k | €-4k | €145k | €193k | ▲ 33.2% |
| Financial income75/76B | - | - | €71 | €17 | €24 | ▲ 39.4% |
| Recurring financial income75 | - | - | €71 | €17 | €24 | ▲ 39.4% |
| Financial charges65/66B | €22k | €20k | €25k | €72k | €63k | ▼ 11.7% |
| Recurring financial charges65 | €22k | €20k | €25k | €72k | €63k | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €-10k | €45k | €-29k | €73k | €130k | ▲ 77.0% |
| Income taxes67/77 | - | - | €0 | €11k | €41k | ▲ 270% |
| Profit (loss) for the period9904 | €-10k | €45k | €-29k | €62k | €89k | ▲ 42.6% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €45k | €-29k | €62k | €89k | ▲ 42.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.31M | €1.31M | €1.53M | €2.10M | €2.12M | ▲ 1.0% |
| Fixed assets21/28 | €1.02M | €946k | €902k | €842k | €781k | ▼ 7.3% |
| Tangible fixed assets22/27 | €1.02M | €946k | €902k | €841k | €780k | ▼ 7.3% |
| Land and buildings22 | €1.02M | €945k | €902k | €841k | €775k | ▼ 7.8% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | €0 | - | - |
| Furniture and vehicles24 | €466 | €335 | €203 | €71 | €4k | ▲ 5,756% |
| Financial fixed assets28 | - | - | - | €1k | €1k | = |
| Current assets29/58 | €290k | €360k | €628k | €1.26M | €1.34M | ▲ 6.6% |
| Stocks and contracts in progress3 | €268k | €293k | €611k | €1.24M | €1.23M | ▼ 0.7% |
| Stocks30/36 | €268k | €293k | €611k | €1.24M | €1.23M | ▼ 0.7% |
| Amounts receivable within one year40/41 | €4k | €3k | €9k | €11k | €5k | ▼ 51.3% |
| Trade receivables40 | - | €51 | €3k | €4k | €640 | ▼ 82.2% |
| Other amounts receivable41 | €4k | €3k | €6k | €7k | €5k | ▼ 36.3% |
| Current investments50/53 | - | - | - | - | €50k | - |
| Cash at bank and in hand54/58 | €17k | €62k | €6k | €11k | €55k | ▲ 413% |
| Deferred charges and accrued income490/1 | €1k | €1k | €3k | €2k | €5k | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.31M | €1.31M | €1.53M | €2.10M | €2.12M | ▲ 1.0% |
| Equity10/15 | €139k | €184k | €154k | €216k | €305k | ▲ 40.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €24k | €24k | €24k | €84k | €164k | ▲ 95.3% |
| Non-distributable reserves130/1 | €3k | - | - | - | - | - |
| Reserves not available under the articles1311 | €3k | - | - | - | - | - |
| Distributable reserves133 | €21k | €24k | €24k | €84k | €164k | ▲ 95.3% |
| Profit (loss) carried forward14 | €96k | €141k | €111k | €113k | €122k | ▲ 7.6% |
| Amounts payable17/49 | €1.18M | €1.12M | €1.38M | €1.89M | €1.82M | ▼ 3.5% |
| Amounts payable after more than one year17 | €783k | €567k | €961k | €1.36M | €1.08M | ▼ 20.5% |
| Financial debts170/4 | €783k | €567k | €961k | €1.36M | €1.08M | ▼ 20.5% |
| Amounts payable within one year42/48 | €391k | €553k | €413k | €489k | €694k | ▲ 41.8% |
| Current portion of amounts payable after more than one year42 | €61k | €233k | €65k | €67k | €266k | ▲ 298% |
| Trade debts44 | €9k | €599 | €12k | €33k | €21k | ▼ 36.2% |
| Suppliers440/4 | €9k | €599 | €12k | €33k | €21k | ▼ 36.2% |
| Taxes, remuneration and social security45 | €2k | €0 | €892 | €11k | €12k | ▲ 7.2% |
| Taxes450/3 | €2k | €0 | €892 | €11k | €12k | ▲ 7.2% |
| Other amounts payable47/48 | €318k | €319k | €335k | €378k | €395k | ▲ 4.4% |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €33k | €42k | ▲ 27.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €45k | €-29k | €62k | €89k | ▲ 42.6% |
| + Depreciation and write-downs630 | €67k | €66k | €68k | €68k | €66k | ▼ 4.2% |
| Operating cash flow (approximation) | €57k | €111k | €38k | €131k | €154k | ▲ 18.1% |
| Investment in fixed assets (approximation) | - | €12k | €-24k | €-8k | €-4k | ▲ 45.4% |
| Change in cash | - | €44k | €-56k | €5k | €44k | ▲ 780% |
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
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
31-12
Financial
Equity above €200kEq €216k ▲40.3%
Equity rises from €154k to €216k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.52
Current ratio from 0.65 to 1.52; short-term debt falls from €553k to €413k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €184k ▲32.5%
Equity rises from €139k to €184k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-64k
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
Show earlier events
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Blégny · 1 establishment unit since 2004
Ground area
381 m²
Building footprint
101 m²
Volume, LiDAR
1,039 m³
Parcel 62010A0206/00S002, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Hello Project
since 20042.136.371.352
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62010A0206/00S002 | Wallonia | 381 m² | 1 · 101 m² | 11.2 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 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,960 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
Founded05-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68322Real estate appraisal on a fee or contract basis
Contact
E-mail
emmanuelancion@outlook.comBlégny
Phone
0495843035Blégny
Scores and ratios are computed by Checked and are not a credit decision.