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HEV-Projects

Active
Private limited companyfounded 201115 yrs activeDe Heuvels 24, 2930 Brasschaat, BelgiumKBO/BCE: BE 0832.654.730
Summary

HEV-Projects has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€58,684) and a net result of -€852. Equity is shrinking by ~28.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37=
Solvency12=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
cash: 0% of total assets, and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-13.3%
Return on assets
-0.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€58,684
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
6 d late
2024
37 d early
2023
43 d early
2022
25 d early
2021
25 d late
2020
87 d late
2019
20 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 10 January 2011, HEV-Projects was incorporated.1 Total assets went from EUR 1 million in 2018 to EUR 441,316 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€58,684▼ 1.5%
2024 · -€57,832
Total assets
€441,316▼ 0.2%
2024 · €442,284
Net result
-€852▼ 303%
2024 · -€212
Working capital
€442,168=
2023 · €442,379
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€16,454▲ 6.9%-€18,513▼ 12.5%-€852
Net result-€35,836▼ 13.4%-€35,000▲ 2.3%-€4,046▲ 88.4%-€212▲ 94.8%-€852▼ 303%
Equity-€18,574-€53,574▼ 188%-€57,621▼ 7.6%-€57,832▼ 0.4%-€58,684▼ 1.5%
Total assets€479,156▲ 47.6%€446,426▼ 6.8%€442,495▼ 0.9%€442,284=€441,316▼ 0.2%
Debt€497,730▲ 61.9%€500,000▲ 0.5%€500,116=€500,116=€500,000=
Working capital-€18,574-€53,574▼ 188%€442,379€442,168=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2021: -€16,454-€16,454Net result 2021: -€35,836-€35,836Operating result 2022: -€18,513-€18,513Net result 2022: -€35,000-€35,000Net result 2023: -€4,046-€4,046Net result 2024: -€212-€212Operating result 2025: -€852-€852Net result 2025: -€852-€85220212022202320242025-€6,000-€4,000-€2,000€0Net result 2023: -€4,046-€4,050Net result 2024: -€212-€212Operating result 2025: -€852-€852Net result 2025: -€852-€852202320242025
The operating result is -€852 in 2025, compared with -€18,513 in 2022. Comparable figures for the intervening years are unavailable.
Key figures and ratios
2025 value · change against 2024
Solvency
-13.3%▼
2024 · -13.1%
Debt to equity
-8.52▲
2024 · -8.65
ROA
-0.2%▼
2024 · 0.0%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.5% went bankrupt
5.6% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,338 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€442,284€441,316▼
Formation expenses20€0€0=
Current assets29/58€442,284€441,316▼
Stocks and contracts in progress3€10,741€10,741=
Stocks30/36€10,741€10,741=
Cash at bank and in hand54/58€44€44=
Deferred charges and accrued income490/1€431,499€430,531▼
Equity and liabilities
Total equity and liabilities10/49€442,284€441,316▼
Equity10/15-€57,832-€58,684▼
Contributions10/11€500,000€500,000=
Profit (loss) carried forward14-€557,832-€558,684▼
Amounts payable17/49€500,116€500,000=
Amounts payable within one year42/48€116-
Financial debts43€116-
Credit institutions430/8€116-
Accrued charges and deferred income492/3€500,000€500,000=
Income statement Code20242025
Other operating charges640/8-€852
Operating profit (loss)9901--€852
Financial charges65/66B€212-
Recurring financial charges65€212-
Profit (loss) for the period before taxes9903-€212-€852▼
Profit (loss) for the period9904-€212-€852▼
Profit (loss) for the period to be appropriated9905-€212-€852▼
Appropriation of the result
Profit (loss) to be appropriated9906-€557,832-€558,684▼
Profit (loss) brought forward from the previous period14P-€557,621-€557,832=

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€564€1,395--€852-
Gross operating margin9900-€15,890-€17,118----
Operating profit (loss)9901-€16,454-€18,513---€852-
Financial charges65/66B€19,383€16,487€4,046€212--
Recurring financial charges65€19,383€16,487€4,046€212--
Profit (loss) for the period before taxes9903-€35,836-€35,000-€4,046-€212-€852▼ 303%
Profit (loss) for the period9904-€35,836-€35,000-€4,046-€212-€852▼ 303%
Profit (loss) for the period to be appropriated9905-€35,836-€35,000-€4,046-€212-€852▼ 303%
Line20212022202320242025Change
Assets
Total assets20/58€479,156€446,426€442,495€442,284€441,316▼ 0.2%
Formation expenses20--€0€0€0-
Current assets29/58€479,156€446,426€442,495€442,284€441,316▼ 0.2%
Stocks and contracts in progress3€135,141€10,741€10,741€10,741€10,741=
Stocks30/36€135,141€10,741€10,741€10,741€10,741=
Amounts receivable within one year40/41€334,797€435,645€431,699---
Other amounts receivable41€334,797€435,645€431,699---
Cash at bank and in hand54/58€9,218€39€55€44€44=
Deferred charges and accrued income490/1---€431,499€430,531▼ 0.2%
Equity and liabilities
Total equity and liabilities10/49€479,156€446,426€442,495€442,284€441,316▼ 0.2%
Equity10/15-€18,574-€53,574-€57,621-€57,832-€58,684▼ 1.5%
Contributions10/11€500,000€500,000€500,000€500,000€500,000=
Profit (loss) carried forward14-€518,574-€553,574-€557,621-€557,832-€558,684▼ 0.2%
Amounts payable17/49€497,730€500,000€500,116€500,116€500,000=
Amounts payable within one year42/48€497,730€500,000€116€116--
Financial debts43€497,730€500,000€116€116--
Credit institutions430/8€497,730€500,000€116€116--
Accrued charges and deferred income492/3--€500,000€500,000€500,000=
Line20212022202320242025Change
Profit (loss) for the period9904-€35,836-€35,000-€4,046-€212-€852▼ 303%
Operating cash flow (approximation)-€35,836-€35,000-€4,046-€212-€852▼ 303%
Change in cash--€9,179€16-€12€0▲ 100%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
24-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity times 4274current ratio 3815.93
Current ratio from 0.89 to 3815.93; short-term debt falls from €500,000 to €116.
06-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
26-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 87 days late
2020
20-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
31-12
Financial Back to profitnet €38,133
Net result €38,133 after one loss-making year.
17-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
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 2 acts read
About the unread acts

We know of 2 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
2 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, Brasschaat · 1 establishment unit since 2011
seat establishment approximate The establishment unit on the map
Ground area
1,325 m²
Building footprint
287 m²
Volume, LiDAR
1,255 m³
Parcel 11324D0476/00N002, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Heuvels 24, 2930 Brasschaat
Real estate activities
since 20112.236.739.133
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11324D0476/00N002indicative Flanders 1,325 m² 1 · 287 m² 6.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company
Founded10-01-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.