HEV-Projects
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00386804.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 15 filings
Every figure per financial year
The operating result for 2025 is a loss of €852, against a loss of €18,513 in 2022. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €564 | €1,395 | - | - | €852 | - |
| Gross operating margin9900 | €97,583 | €73,103 | -€296 | -€15,890 | -€17,118 | - | - | - | - |
| Operating profit (loss)9901 | €30,655 | €72,497 | -€17,664 | -€16,454 | -€18,513 | - | - | -€852 | - |
| Financial charges65/66B | - | - | - | €19,383 | €16,487 | €4,046 | €212 | - | - |
| Recurring financial charges65 | €104,558 | €34,364 | €13,951 | €19,383 | €16,487 | €4,046 | €212 | - | - |
| Profit (loss) for the period before taxes9903 | -€73,904 | €38,133 | -€31,615 | -€35,836 | -€35,000 | -€4,046 | -€212 | -€852 | ▼ 303% |
| Profit (loss) for the period9904 | -€73,904 | €38,133 | -€31,615 | -€35,836 | -€35,000 | -€4,046 | -€212 | -€852 | ▼ 303% |
| Profit (loss) for the period to be appropriated9905 | -€73,904 | €38,133 | -€31,615 | -€35,836 | -€35,000 | -€4,046 | -€212 | -€852 | ▼ 303% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €0.4m | €0.3m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 0.2% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | €0 | - |
| Current assets29/58 | €1.0m | €0.4m | €0.3m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 0.2% |
| Stocks and contracts in progress3 | €1.0m | €0.2m | €0.3m | €0.1m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Stocks30/36 | - | - | - | €0.1m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts receivable within one year40/41 | - | €0.1m | - | €0.3m | €0.4m | €0.4m | - | - | - |
| Other amounts receivable41 | - | - | - | €0.3m | €0.4m | €0.4m | - | - | - |
| Cash at bank and in hand54/58 | €0.009m | €0.006m | €0.01m | €0.009m | €39 | €55 | €44 | €44 | = |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €0.4m | €0.4m | ▼ 0.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €0.4m | €0.3m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 0.2% |
| Equity10/15 | €0.01m | €0.05m | €0.02m | -€0.02m | -€0.05m | -€0.06m | -€0.06m | -€0.06m | ▼ 1.5% |
| Contributions10/11 | €0.5m | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.5m | -€0.5m | -€0.5m | -€0.6m | -€0.6m | -€0.6m | -€0.6m | ▼ 0.2% |
| Amounts payable17/49 | €1.0m | €0.3m | €0.3m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Amounts payable within one year42/48 | €0.8m | €0.3m | €0.3m | €0.5m | €0.5m | €116 | €116 | - | - |
| Financial debts43 | - | - | - | €0.5m | €0.5m | €116 | €116 | - | - |
| Credit institutions430/8 | - | - | - | €0.5m | €0.5m | €116 | €116 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.5m | €0.5m | €0.5m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€73,904 | €38,133 | -€31,615 | -€35,836 | -€35,000 | -€4,046 | -€212 | -€852 | ▼ 303% |
| Operating cash flow (approximation) | -€73,904 | €38,133 | -€31,615 | -€35,836 | -€35,000 | -€4,046 | -€212 | -€852 | ▼ 303% |
| Change in cash | - | -€3,182 | €5,913 | -€2,315 | -€9,179 | €16 | -€12 | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,333 companies had the same profile as HEV-Projects has now. Two years later, 90.6% were still going and 2.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HEV-Projects itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,333 companies, not a prediction for HEV-Projects. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00386804 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00180561 | |
| 31-12-2023 | micro format | 18-06-2024 | 2024-00150955 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00226692 | |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20325768 | |
| 31-12-2020 | abbreviated format | 26-10-2021 | 2021-73100580 | |
| 31-12-2019 | abbreviated format | 20-08-2020 | 2020-43400268 | |
| 31-12-2018 | abbreviated format | 17-07-2019 | 2019-33800161 | |
| 31-12-2017 | abbreviated format | 31-07-2018 | 2018-41200089 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-36500389 |