HLP CONSTRUCT
ActiveSummary
HLP CONSTRUCT has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,744 and a net result of €49,790. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 45% of 9,895 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-09-2002 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 1 other
- Establishment unit
- 2.115.044.319 1190 Vorst, since 21-10-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €69,502
- ▲ 537%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €49,790
- ▲ 516%
- Equity
- €66,744
- ▲ 294%
- Total assets
- €167,129
- ▲ 189%
- 2025 accounts filed 30 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Size: total assets €167,129lowers riskFounded in 2002Liquidity: current ratio 1.63, cash €18,538Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 43% of them on solvency, 23% on liquidity, 92% on profitability and 97% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 29 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00455997.
Annual accounts 2025 filed on 30-08-2026 at the NBB all 23 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is over 6.3 times that of 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | - | - | - | - | €11,425 |
| Carrying value of the other pledged assets | - | - | - | - | €10,531 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €7,580 | €10,869 | €19,460 |
| Depreciation and write-downs of the year | €3,707 | - | €1,444 | - | €5,470 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €140 | €146 | €160 | €163 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,707 | €3,707 | €5,102 | €3,707 | - | €1,444 | - | €5,470 | - |
| Other operating charges640/8 | - | - | - | €5,520 | €1,007 | €975 | €876 | €1,429 | ▲ 63.2% |
| Non-recurring operating charges66A | - | - | - | €591 | - | - | - | - | - |
| Gross operating margin9900 | -€30,495 | €88,002 | €7,432 | €14,381 | -€31,284 | €6,858 | €10,916 | €69,502 | ▲ 537% |
| Operating profit (loss)9901 | -€60,819 | €80,049 | €1,573 | €4,422 | -€32,437 | €4,280 | €9,877 | €62,602 | ▲ 534% |
| Financial income75/76B | - | - | - | - | €0 | €2 | - | €2,312 | - |
| Recurring financial income75 | - | €2 | €3 | - | €0 | €2 | - | €2,312 | - |
| Financial charges65/66B | - | - | - | €3,860 | €2,096 | €1,415 | €1,800 | €4,104 | ▲ 128% |
| Recurring financial charges65 | €10,836 | €2,681 | €1,144 | €3,860 | €2,096 | €1,415 | €1,800 | €4,104 | ▲ 128% |
| Profit (loss) for the period before taxes9903 | -€71,655 | €77,370 | €432 | €562 | -€34,533 | €2,866 | €8,077 | €60,810 | ▲ 653% |
| Income taxes67/77 | €631 | - | - | - | - | - | - | €11,020 | - |
| Profit (loss) for the period9904 | -€72,286 | €77,370 | €432 | €562 | -€34,533 | €2,866 | €8,077 | €49,790 | ▲ 516% |
| Profit (loss) for the period to be appropriated9905 | -€72,286 | €77,370 | €432 | €562 | -€34,533 | €2,866 | €8,077 | €49,790 | ▲ 516% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €83,455 | €156,521 | €115,256 | €87,399 | €66,808 | €47,236 | €57,805 | €167,129 | ▲ 189% |
| Fixed assets21/28 | €11,485 | €7,778 | €9,453 | €363 | €363 | €6,500 | €363 | €14,353 | ▲ 40× |
| Tangible fixed assets22/27 | €11,122 | €7,415 | €9,090 | - | - | €6,137 | - | €13,990 | - |
| Furniture and vehicles24 | - | - | - | - | - | €6,137 | - | €13,990 | - |
| Financial fixed assets28 | €363 | €363 | €363 | €363 | €363 | €363 | €363 | €363 | = |
| Current assets29/58 | €71,970 | €148,743 | €105,803 | €87,036 | €66,445 | €40,736 | €57,442 | €152,776 | ▲ 166% |
| Amounts receivable within one year40/41 | €47,807 | €142,517 | €64,455 | €64,844 | €48,935 | €32,293 | €49,223 | €129,027 | ▲ 162% |
| Trade receivables40 | - | - | - | €47,253 | €36,631 | €17,357 | €24,280 | €77,060 | ▲ 217% |
| Other amounts receivable41 | - | - | - | €17,592 | €12,304 | €14,936 | €24,943 | €51,967 | ▲ 108% |
| Cash at bank and in hand54/58 | €21,448 | €4,686 | €40,382 | €20,550 | €16,935 | €7,321 | €7,983 | €18,538 | ▲ 132% |
| Deferred charges and accrued income490/1 | - | - | - | €1,642 | €575 | €1,123 | €237 | €5,211 | ▲ 22× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €83,455 | €156,521 | €115,256 | €87,399 | €66,808 | €47,236 | €57,805 | €167,129 | ▲ 189% |
| Equity10/15 | -€37,820 | €39,550 | €39,982 | €40,544 | €6,011 | €8,877 | €16,954 | €66,744 | ▲ 294% |
| Contributions10/11 | €6,800 | €6,800 | - | €6,800 | €6,800 | €6,800 | €6,800 | €6,800 | = |
| Contributions outside capital11 | - | - | - | €6,800 | €6,800 | €6,800 | €6,800 | €6,800 | = |
| Other1109/19 | - | - | - | €6,800 | €6,800 | €6,800 | €6,800 | €6,800 | = |
| Reserves13 | €26,860 | €26,860 | €26,860 | €26,860 | €26,860 | €26,860 | €26,860 | €59,860 | ▲ 123% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €25,000 | €25,000 | €25,000 | €25,000 | €58,000 | ▲ 132% |
| Profit (loss) carried forward14 | -€71,480 | €5,890 | €6,322 | €6,884 | -€27,649 | -€24,783 | -€16,706 | €84 | - |
| Amounts payable17/49 | €121,275 | €116,970 | €75,274 | €46,855 | €60,797 | €38,359 | €40,851 | €100,385 | ▲ 146% |
| Amounts payable after more than one year17 | - | €6,591 | €35,403 | €24,570 | €16,575 | €8,386 | - | €6,305 | - |
| Financial debts170/4 | - | - | - | €24,570 | €16,575 | €8,386 | - | €6,305 | - |
| Amounts payable within one year42/48 | €121,275 | €110,379 | €39,871 | €20,912 | €43,874 | €29,973 | €40,604 | €93,460 | ▲ 130% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,833 | €7,996 | €8,189 | €8,386 | €5,120 | ▼ 39.0% |
| Financial debts43 | - | - | - | €10 | €14 | €14 | €14 | €32 | ▲ 132% |
| Credit institutions430/8 | - | - | - | €10 | €14 | €14 | €14 | €32 | ▲ 132% |
| Trade debts44 | €106,928 | €105,383 | €25,988 | €8,375 | €33,170 | €21,020 | €30,058 | €78,691 | ▲ 162% |
| Suppliers440/4 | - | - | - | €8,375 | €33,170 | €21,020 | €30,058 | €78,691 | ▲ 162% |
| Taxes, remuneration and social security45 | - | - | - | €1,695 | €2,695 | €751 | €2,147 | €9,618 | ▲ 348% |
| Taxes450/3 | - | - | - | €692 | €692 | €751 | €1,144 | €9,618 | ▲ 741% |
| Remuneration and social security454/9 | - | - | - | €1,003 | €2,003 | - | €1,003 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,373 | €348 | - | €247 | €620 | ▲ 151% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,286 | €77,370 | €432 | €562 | -€34,533 | €2,866 | €8,077 | €49,790 | ▲ 516% |
| + Depreciation and write-downs630 | €3,707 | €3,707 | €5,102 | €3,707 | - | €1,444 | - | €5,470 | - |
| Operating cash flow (approximation) | -€68,579 | €81,077 | €5,534 | €4,269 | -€34,533 | €4,310 | €8,077 | €55,260 | ▲ 584% |
| Investment in fixed assets (approximation) | - | €0 | -€6,777 | €5,382 | €0 | -€7,580 | €6,137 | -€19,460 | - |
| Change in cash | - | -€16,762 | €35,697 | -€19,832 | -€3,615 | -€9,614 | €662 | €10,555 | ▲ 16× |
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, 31,368 companies had the same profile as HLP CONSTRUCT has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HLP CONSTRUCT itself: 0.3% 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 31,368 companies, not a prediction for HLP CONSTRUCT. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-08-2026 | 2026-00455997 | |
| 31-12-2024 | micro format | 15-08-2025 | 2025-00377345 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00408299 | |
| 31-12-2022 | micro format | 01-09-2023 | 2023-00433024 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20412046 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-63300432 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49900309 | |
| 31-12-2018 | full format | 20-08-2019 | 2019-48700037 | |
| 31-12-2017 | full format | 16-08-2018 | 2018-46300383 | |
| 31-12-2016 | full format | 29-08-2017 | 2017-51500016 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 09-05-2023 Converted to unavailable equity · €8,660
- 09-05-2023 Converted to uncalled contributions · €11,800
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Pour moitié à charge cédant et moitié à charge acquéreurs proportionnellement nombre actions acquises s'ils sont plusieurs, nullité”
Articles of association, deed of 09-05-2023 (in French)
Network & group
HLP CONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of HLP CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-05
Gazette deed
Company renamed from C.I.M. Industrie to HLP CONSTRUCTReappointment: LAGE PEREIRA Humberto (director) · Amendment of the articles · Legal form clause11 points ▸
- General meeting, 03-05-2023
- Name change, HLP CONSTRUCT
- Amendment of the articles, mentioned 2 times in the deed
- Legal form clause, “société à responsabilité limitée, SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres “apports non appelés”” (deed in French)
- Capital, mentioned 2 times in the deed
- Director reappointment, LAGE PEREIRA Humberto (director)
- Registered office clause, “1190 Forest,Rue de Belgrade 83” (deed in French)
- Power of attorney
- Power of attorney, Frederic CONVENT
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0478.241.672
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21007A0004/00Z009 | Brussels | 44 m² | - | - |