Losses
-€15,127 in six years
Every financial year from 2020 to 2025 closed with a loss. 2020 was the heaviest.
Hem Project
Lifetime
10 annual accounts with figures on one time axispeak €36,753 (2019)
-€300▲ €419
lowest -€28,915 (2018)
-€400▲ €784
peak €12,100 (2019)
€5▲ €2,632
-not published
Board2 names since 2026
-
Documentsfilings and deeds
16-04-202614 days before the deadline
2025micro format
Address struck 18-07Gross margin from -€719 to -€300Loss of €400Equity from -€2,627 to €5Cash from €15 to €5
Key points
from the 2025 annual accountsFilings
10 annual accounts since 2016
The last five annual accounts were filed 2 to 14 days before the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 13-08-2026 · 1 in office.
Turnover not published (micro format)
Checked score
55
Fair
Financially stronger than 68% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.1%● unchanged vs 12-2024
02-2025: 2.0%▼ -0.1 percentage points vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.3%▲ +0.3 percentage points vs 03-2025
05-2025: 1.2%▼ -1.1 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 2.3%▲ +1.1 percentage points vs 07-2025
09-2025: 2.3%● unchanged vs 08-2025
10-2025: 2.3%● unchanged vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.3%● unchanged vs 12-2025
02-2026: 2.2%▼ -0.1 percentage points vs 01-2026
03-2026: 2.2%● unchanged vs 02-2026
04-2026: 2.4%▲ +0.2 percentage points vs 03-2026highest value
05-2026: 0.8%▼ -1.6 percentage points vs 04-2026lowest value
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 0.8%● unchanged vs 06-2026lowest value
08-2026: 0.8%● unchanged vs 07-2026lowest value
09-2026: 2.2%▲ +1.4 percentage points vs 08-2026
10-2026: 2.1%▼ -0.1 percentage points vs 09-2026
11-2026: 2.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
No main activity registered
lowers risk
Size: total assets €5
Liquidity: cash €5, halved
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 (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 4% on profitability and 92% 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 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 4,805 companies had the same profile as Hem Project has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Hem Project itself: 2.1% 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 4,805 companies, not a prediction for Hem 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
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
The balance sheet total is too small for a liquidity verdict.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-04-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
5 days early
2023
2 days early
2022
11 days early
2021
8 days early
2020
1 day early
2019
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 11 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 22 April (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
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Company renamed from LEFORT BUILDING to Hem Project
Resignation: KASTRATI Deniz (director) · Appointment: VANTANSEVER Dilan (director) · “added construction and civil engineering activities” (deed in French) · Board meeting of 24-07-2026 · Gazette deed
Address struck
KBO administration
Incorporation
published on 01-12-2015 · Gazette deed
First establishment
Lefrot Building
Official details
Source: KBO- Status
- Active since 27-11-2015Normal situation
- Activity
- “Toutes opérations immobilières, achat et vente d’immeuble, promotion immobilière, que ce soit en construction…” (deed in French)From the articles, 12 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.282.004.776since 27-11-2015
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2025
- €5▼ 66.9%
- Filing
- Filed on 16-04-2026, 14 days before the end of the filing period
Insights on Hem Project
Hem Project files the micro format. That format states no turnover. The gross margin rose from -€2,280 in 2016 to -€300 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 Hem Project
- What is the company number of Hem Project?
- The company number of Hem Project is 0643.672.402. The VAT number is the same number with BE in front: BE 0643.672.402.
- Where is Hem Project based?
- The registered office is at Beekgaarde 2, 1082 Berchem-Sainte-Agathe.Company details
- What is the legal form of Hem Project?
- Hem Project is a private limited company (BV).
- When was Hem Project founded?
- Hem Project was founded on 27-11-2015.
- Is Hem Project still active?
- Yes, Hem Project is an active enterprise in the KBO register.
- What is the turnover of Hem Project?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Hem Project profitable?
- In financial year 2025, Hem Project made a loss of €400.
- Where can I find the annual accounts of Hem Project?
- Hem Project filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Hem Project due?
- Hem Project must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
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