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HeVa Projects

Active
Private limited companyfounded 20241 yr activeDe Linde 12, 8310 Brugge, BelgiumKBO/BCE: BE 1015.968.201
Summary

The computed 12-month bankruptcy probability of HeVa Projects is 2.0% (moderate). The 2024 annual accounts show equity of €3,360 and a net result of €860. Its solvency ranks better than 27% of 36380 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability54
Solvency51
Growth-
Track record67
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
25.9%
Return on assets
6.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 43 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
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

HeVa Projects was incorporated on 6 November 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€3,360
Total assets
€12,955
Net result
€860
Working capital
-€1,708

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €8,975
Fixed assets €1,087
Current assets €7,887
Equity and liabilities €12,955
Equity €3,360
Debt €9,595
Debt finances 74.1% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€1,669
Cash flow
€986
Current ratio
0.82
Debt to equity
2.86
ROE
25.6%
ROA
6.6%
Debt ≤ 1 year
€9,595
Income taxes
€684

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 2,390 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 · 2024 · 33 lines
Balance sheet Code2024
Assets
Total assets20/58€12,955
Formation expenses20€3,981
Fixed assets21/28€1,087
Tangible fixed assets22/27€1,087
Furniture and vehicles24€1,087
Current assets29/58€7,887
Amounts receivable within one year40/41€3,140
Trade receivables40€1,794
Other amounts receivable41€1,346
Cash at bank and in hand54/58€1,648
Deferred charges and accrued income490/1€3,100
Equity and liabilities
Total equity and liabilities10/49€12,955
Equity10/15€3,360
Contributions10/11€2,500
Reserves13€860
Distributable reserves133€860
Amounts payable17/49€9,595
Amounts payable within one year42/48€9,595
Trade debts44€3,158
Suppliers440/4€3,158
Taxes, remuneration and social security45€1,243
Taxes450/3€1,243
Other amounts payable47/48€5,194
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126
Gross operating margin9900€1,669
Operating profit (loss)9901€1,544
Profit (loss) for the period before taxes9903€1,544
Income taxes67/77€684
Profit (loss) for the period9904€860
Profit (loss) for the period to be appropriated9905€860
Appropriation of the result
Profit (loss) to be appropriated9906€860
Transfer to equity691/2€860
To other reserves6921€860

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126
Gross operating margin9900€1,669
Operating profit (loss)9901€1,544
Profit (loss) for the period before taxes9903€1,544
Income taxes67/77€684
Profit (loss) for the period9904€860
Profit (loss) for the period to be appropriated9905€860
Line2024
Assets
Total assets20/58€12,955
Formation expenses20€3,981
Fixed assets21/28€1,087
Tangible fixed assets22/27€1,087
Furniture and vehicles24€1,087
Current assets29/58€7,887
Amounts receivable within one year40/41€3,140
Trade receivables40€1,794
Other amounts receivable41€1,346
Cash at bank and in hand54/58€1,648
Deferred charges and accrued income490/1€3,100
Equity and liabilities
Total equity and liabilities10/49€12,955
Equity10/15€3,360
Contributions10/11€2,500
Reserves13€860
Distributable reserves133€860
Amounts payable17/49€9,595
Amounts payable within one year42/48€9,595
Trade debts44€3,158
Suppliers440/4€3,158
Taxes, remuneration and social security45€1,243
Taxes450/3€1,243
Other amounts payable47/48€5,194
Line2024
Profit (loss) for the period9904€860
+ Depreciation and write-downs630€126
Operating cash flow (approximation)€986

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

2025
18-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,493 m²
Building footprint
214 m²
Volume, LiDAR
1,492 m³
Parcel 31029B0227/00H010, Flanders · tallest building 20.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HeVa Projects
De Linde 12, 8310 BruggeWater collection, treatment and supply
since 20242.366.091.504
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31029B0227/00H010 Flanders 1,493 m² 1 · 214 m² 19.9 m · 2 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 429 EUR awarded · 429 EUR paid
Year Entries awardedpaid
2025 1 429 EUR429 EUR
Schemes
1 entry · 429 EUR · 429 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 8,464 companies in sector 43120 we hold annual accounts for 3,232. 721 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
Founded06-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1015968201
Also 9925:BE1015968201
Registered 19-12-2025

Register as of 27 September 2026 · Peppol Directory

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