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HLS PROJECT

Active Risk: not assessed
Private limited companyfounded 201411 yrs activeChaussée de Tournai(R-C) 54, 7520 Tournai, BelgiumKBO/BCE: BE 0507.621.289
Summary

HLS PROJECT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €613,681 and a net result of €43,500. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 2473 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
114 d early
2024
114 d early
2023
155 d early
2022
125 d early
2021
159 d early
2020
82 d early
2019
87 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 119 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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. Usually files around 28 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 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 22 December 2014, HLS PROJECT was incorporated.1 Total assets went from EUR 1 million in 2018 to EUR 934,447 in 2025.2

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

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Financials · fiscal year 2025, full schema

Equity
€613,681▲ 7.6%
2024 · €570,181
Net result
€43,500▲ 2.8%
2024 · €42,327
Total assets
€934,447▲ 0.1%
2024 · €933,847
Solvency
65.7%▲ 4.6pp
2024 · 61.1%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€1,150▼ 22.3%-€2,556▼ 122%-€1,518▲ 40.6%-€1,262▲ 16.9%-€1,086▲ 13.9%
Net result-€10,391below the sector's middle half€74,161within the sector's middle half€23,900within the sector's middle half▼ 67.8%€42,327within the sector's middle half▲ 77.1%€43,500within the sector's middle half▲ 2.8%
Equity€429,793below the sector's middle half▼ 2.4%€503,954below the sector's middle half▲ 17.3%€527,853within the sector's middle half▲ 4.7%€570,181within the sector's middle half▲ 8.0%€613,681below the sector's middle half▲ 7.6%
Total assets€959,793below the sector's middle half▼ 1.1%€1.0mbelow the sector's middle half▲ 5.1%€941,177below the sector's middle half▼ 6.7%€933,847below the sector's middle half▼ 0.8%€934,447below the sector's middle half▲ 0.1%
Debt€530,000=€505,000▼ 4.7%€413,323▼ 18.2%€363,666▼ 12.0%€320,766▼ 11.8%
Working capital€11,495within the sector's middle half▼ 47.5%€90,656within the sector's middle half▲ 689%
Solvency44.8%within the sector's middle half▼ 0.6pp49.9%within the sector's middle half▲ 5.2pp56.1%within the sector's middle half▲ 6.1pp61.1%within the sector's middle half▲ 5.0pp65.7%within the sector's middle half▲ 4.6pp
Current ratio1.38within the sector's middle half▼ 0.35
Return on assets (ROA)-1.1%below the sector's middle half▼ 5.6pp7.4%within the sector's middle half▲ 8.4pp2.5%within the sector's middle half▼ 4.8pp4.5%within the sector's middle half▲ 2.0pp4.7%within the sector's middle half▲ 0.1pp
above within below the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2021: -€1,150-€1,150Net result 2021: -€10,391-€10,391Operating result 2022: -€2,556-€2,556Net result 2022: €74,161€74,161Operating result 2023: -€1,518-€1,518Net result 2023: €23,900€23,900Operating result 2024: -€1,262-€1,262Net result 2024: €42,327€42,327Operating result 2025: -€1,086-€1,086Net result 2025: €43,500€43,50020212022202320242025-€20,000€0€20,000€40,000Operating result 2023: -€1,518-€1,520Net result 2023: €23,900€23,900Operating result 2024: -€1,262-€1,260Net result 2024: €42,327€42,300Operating result 2025: -€1,086-€1,090Net result 2025: €43,500€43,500202320242025
The operating result stays negative: a loss of €1,086 in 2025 against €1,262 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €934,447
Fixed assets €918,298 =
Current assets €16,150 ▲ 3.9%
Equity and liabilities €934,447
Equity €613,681 ▲ 7.6%
Debt €320,766 ▼ 11.8%
Debt's share of the balance-sheet total falls from 38.9% to 34.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
7.1%▼
2024 · 7.4%
Debt > 1 year
€320,766▼
2024 · €357,700
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€933,847€934,447▲
Fixed assets21/28€918,298€918,298=
Financial fixed assets28€918,298€918,298=
Current assets29/58€15,550€16,150▲
Cash at bank and in hand54/58€590€6,177▲
Deferred charges and accrued income490/1€14,960€9,973▼
Equity and liabilities
Total equity and liabilities10/49€933,847€934,447▲
Equity10/15€570,181€613,681▲
Contributions10/11€21,000€21,000=
Reserves13€549,181€592,681▲
Distributable reserves133€549,181€592,681▲
Amounts payable17/49€363,666€320,766▼
Amounts payable after more than one year17€357,700€320,766▼
Other amounts payable178/9€357,700€320,766▼
Accrued charges and deferred income492/3€5,966€0▼
Income statement Code20242025
Other operating charges640/8€209€0▼
Gross operating margin9900-€1,053-€1,086▼
Operating profit (loss)9901-€1,262-€1,086▲
Financial income75/76B€50,000€50,000=
Recurring financial income75€50,000€50,000=
Financial charges65/66B€6,411€5,413▼
Recurring financial charges65€6,411€5,413▼
Profit (loss) for the period before taxes9903€42,327€43,500▲
Profit (loss) for the period9904€42,327€43,500▲
Profit (loss) for the period to be appropriated9905€42,327€43,500▲
Appropriation of the result
Profit (loss) to be appropriated9906€42,327€43,500▲
Transfer to equity691/2€42,327€43,500▲
To other reserves6921€42,327€43,500▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€209€418€209€0▼ 100%
Gross operating margin9900-€941-€2,347-€1,100-€1,053-€1,086▼ 3.2%
Operating profit (loss)9901-€1,150-€2,556-€1,518-€1,262-€1,086▲ 13.9%
Financial income75/76B-€90,000€42,000€50,000€50,000=
Recurring financial income75€0€90,000€42,000€50,000€50,000=
Financial charges65/66B-€13,284€16,582€6,411€5,413▼ 15.6%
Recurring financial charges65€9,241€13,284€16,582€6,411€5,413▼ 15.6%
Profit (loss) for the period before taxes9903-€10,391€74,161€23,900€42,327€43,500▲ 2.8%
Profit (loss) for the period9904-€10,391€74,161€23,900€42,327€43,500▲ 2.8%
Profit (loss) for the period to be appropriated9905-€10,391€74,161€23,900€42,327€43,500▲ 2.8%
Line20212022202320242025Change
Assets
Total assets20/58€959,793€1.0m€941,177€933,847€934,447▲ 0.1%
Fixed assets21/28€918,298€918,298€918,298€918,298€918,298=
Financial fixed assets28€918,298€918,298€918,298€918,298€918,298=
Current assets29/58€41,495€90,656€22,879€15,550€16,150▲ 3.9%
Amounts receivable within one year40/41€4€60,000€0---
Other amounts receivable41-€60,000€0---
Cash at bank and in hand54/58€5,582€2,726€1,934€590€6,177▲ 947%
Deferred charges and accrued income490/1-€27,930€20,945€14,960€9,973▼ 33.3%
Equity and liabilities
Total equity and liabilities10/49€959,793€1.0m€941,177€933,847€934,447▲ 0.1%
Equity10/15€429,793€503,954€527,853€570,181€613,681▲ 7.6%
Contributions10/11€21,000€21,000€21,000€21,000€21,000=
Reserves13€408,793€482,954€506,853€549,181€592,681▲ 7.9%
Non-distributable reserves130/1-€0----
Reserves not available under the articles1311-€0----
Distributable reserves133-€482,954€506,853€549,181€592,681▲ 7.9%
Amounts payable17/49€530,000€505,000€413,323€363,666€320,766▼ 11.8%
Amounts payable after more than one year17€500,000€502,000€405,700€357,700€320,766▼ 10.3%
Other amounts payable178/9-€502,000€405,700€357,700€320,766▼ 10.3%
Amounts payable within one year42/48€30,000€0----
Other amounts payable47/48-€0----
Accrued charges and deferred income492/3-€3,000€7,623€5,966€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904-€10,391€74,161€23,900€42,327€43,500▲ 2.8%
Operating cash flow (approximation)-€10,391€74,161€23,900€42,327€43,500▲ 2.8%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€2,856-€792-€1,344€5,588▲ 516%

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
08-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
08-04
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
27-02
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
28-03
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €74,161
Net result €74,161 after one loss-making year.
31-12
Financial Equity above €500,000Eq €503,954 ▲17.3%
Equity rises from €429,793 to €503,954.
22-02
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet -€10,391
Net result drops to -€10,391, the lowest in the series; recovery starts the following year.
10-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Liquidity times 6current ratio 1.73
Current ratio from 0.30 to 1.73; short-term debt falls from €194,500 to €30,000.
05-05
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
03-04
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
12-04
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
10-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
2,142 m²
Building footprint
503 m²
Parcel 57069C0253/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HLS PROJECT
Chaussée de Tournai(R-C) 54, 7520 TournaiHoldings
since 20142.238.120.194
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57069C0253/00C000 Wallonia 2,142 m² 1 · 502 m² -
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 1

According to the 2023 annual accounts of HLS PROJECT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 24,721 companies in this sector we hold annual accounts for 19,804. 13,479 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded22-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
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