Equity
€304,959 ▲ 40.9%
Equity rose in 2025 from €216,393 to €304,959.
HELLO PROJECT
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2004peak €353,837 (2019)
€270,236▲ 20.8%
lowest -€64,362 (2020)
€88,567▲ 42.6%
peak €304,959 (2025)
€304,959▲ 40.9%
€1.8m▼ 3.5%
peak 1 FTE (2014)
-not published
Board1 name since 2004
1 directorANCION Emmanuel
Documentsfilings and deeds
18-07-202613 days before the deadline
2025micro format
Gross margin from €223,672 to €270,236Result from €62,116 to €88,567Equity from €216,393 to €304,959Cash from €10,691 to €54,861
Key points
from the 2025 annual accountsDebts
€1.8m 86% of the balance sheet
Financial debts 60%Suppliers 1%Taxes and wages 1%Other 39%
Of this, €693,921 falls due within a year.
Position in the sector
€88,567
Higher net result than 90% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
94
Excellent
Financially stronger than 53% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
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: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.3 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged 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: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €304,959 (14.4% of total assets)
Liquidity: current ratio 1.94, cash €54,861
lowers risk
Size: total assets €2.1m
Figures for financial year 2025 (filed on 18-07-2026)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 34% of them on solvency, 33% on liquidity, 57% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as HELLO PROJECT has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of HELLO PROJECT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for HELLO PROJECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.94 (2.58 in 2024), above the usual 1.5. Short-term debt is 32.7% and cash 2.6% of total assets. However, 85.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 days early
2024
24 days early
2023
48 days early
2022
20 days early
2021
48 days early
2020
11 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 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 7 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0863897440
Company renamed from IMMOBILIERE DU RY to HELLO PROJECT
Reappointment: ANCION Emmanuel (director) · “De manière générale,toutes activités dites « d’agent immobilier »; Toutes opérations immobilières,c’est-à-dire…” (deed in French) · General meeting of 16-12-2022 · Gazette deed
Transfer: IMMOBILIERE DU RY transfers a branch of activity to B.A.I
Capital increase of €13,053.88 to €31,653.88 · Capital from €18,600 to €31,653.88, 35 new shares · General meeting of 27-12-2018 · Gazette deed
Demerger proposal: SPRL B.A.I. splits off to SPRL IMMOBILIERE DU RY
Capital increase of €13,282.56 · Emmanuel ANCION holds 200 shares (100%) · Board meeting of 12-11-2018 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as HELLO PROJECT: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1.9m and €2.5m, founded between 2001 and 2005.
Official details
Source: KBO- Status
- Active since 05-03-2004Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
- Establishment unit
- 2.136.371.3524671 Blegny, since 06-04-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- ≈ €310,000estimated
- €2.1m▲ 1.0%
- Filing
- Filed on 18-07-2026, 13 days before the end of the filing period
Insights on HELLO PROJECT
HELLO PROJECT files the micro format. That format states no turnover. The gross margin rose from €1,583 in 2006 to €270,236 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HELLO PROJECT
- What is the company number of HELLO PROJECT?
- The company number of HELLO PROJECT is 0863.897.440. The VAT number is the same number with BE in front: BE 0863.897.440.
- Where is HELLO PROJECT based?
- The registered office is at Rue Thier du Ry 33, 4671 Blegny.Company details
- What does HELLO PROJECT do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of HELLO PROJECT?
- HELLO PROJECT is a private limited company (BV).
- When was HELLO PROJECT founded?
- HELLO PROJECT was founded on 05-03-2004.
- Is HELLO PROJECT still active?
- Yes, HELLO PROJECT is an active enterprise in the KBO register.
- What is the turnover of HELLO PROJECT?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €270,236 and 44 comparable companies (NACE 68201). It probably lies between €270,000 and €350,000. In financial year 2022 turnover was €0.Financials
- Is HELLO PROJECT profitable?
- In financial year 2025, HELLO PROJECT made a profit of €88,567.
- Where can I find the annual accounts of HELLO PROJECT?
- HELLO PROJECT filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HELLO PROJECT due?
- HELLO PROJECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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