HORECA PROJECTS LDF
ActiveSummary
HORECA PROJECTS LDF has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €259,327 and a net result of €2,671. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 31 days before 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)
History
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Financials · fiscal year 2024, abbreviated schema, 2025 accounts filed, figures not processed yet
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.
- 2020 Turnover -58% on 2019. The previous fiscal year ran 15 months, this one 12.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 17,040 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €204,467 | €170,766 | - | - | - | - |
| Non-recurring operating income76A | - | €29,536 | €13,000 | €21,500 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €165,967 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,524 | €41,983 | €46,572 | €42,804 | €23,138 | ▼ 45.9% |
| Other operating charges640/8 | - | €3,532 | €6,723 | €13,458 | €2,451 | ▼ 81.8% |
| Gross operating margin9900 | €21,336 | €109,581 | €56,008 | €61,084 | €30,460 | ▼ 50.1% |
| Operating profit (loss)9901 | -€28,141 | €64,066 | €2,713 | €4,823 | €4,872 | ▲ 1.0% |
| Financial income75/76B | - | €9 | €44 | €64 | €1 | ▼ 98.0% |
| Recurring financial income75 | €0 | €9 | €44 | €64 | €1 | ▼ 98.0% |
| Financial charges65/66B | - | €1,949 | €1,993 | €1,914 | €815 | ▼ 57.4% |
| Recurring financial charges65 | €2,297 | €1,949 | €1,993 | €1,914 | €815 | ▼ 57.4% |
| Profit (loss) for the period before taxes9903 | -€30,438 | €62,126 | €764 | €2,973 | €4,058 | ▲ 36.5% |
| Income taxes67/77 | €709 | €5,956 | €383 | €2,753 | €1,387 | ▼ 49.6% |
| Profit (loss) for the period9904 | -€31,147 | €56,170 | €380 | €220 | €2,671 | ▲ 1,111% |
| Profit (loss) for the period to be appropriated9905 | -€31,147 | €56,170 | €380 | €220 | €2,671 | ▲ 1,111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €355,734 | €418,209 | €377,891 | €370,433 | €289,821 | ▼ 21.8% |
| Fixed assets21/28 | €330,913 | €339,720 | €321,439 | €302,958 | €233,519 | ▼ 22.9% |
| Intangible fixed assets21 | - | €10,253 | €7,960 | €15,875 | - | - |
| Tangible fixed assets22/27 | €330,913 | €329,467 | €313,479 | €287,083 | €233,519 | ▼ 18.7% |
| Land and buildings22 | - | €269,727 | €268,315 | €256,657 | €233,519 | ▼ 9.0% |
| Plant, machinery and equipment23 | - | €48,187 | €40,213 | €30,426 | - | - |
| Furniture and vehicles24 | - | €11,553 | €4,951 | - | - | - |
| Current assets29/58 | €24,821 | €78,489 | €56,452 | €67,475 | €56,302 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €1,899 | €8,537 | €20,965 | €13,170 | €790 | ▼ 94.0% |
| Trade receivables40 | - | €7,291 | €10,235 | €10,610 | €790 | ▼ 92.6% |
| Other amounts receivable41 | - | €1,246 | €10,730 | €2,561 | - | - |
| Cash at bank and in hand54/58 | €14,409 | €61,058 | €26,245 | €46,014 | €54,647 | ▲ 18.8% |
| Deferred charges and accrued income490/1 | - | €8,894 | €9,242 | €8,291 | €866 | ▼ 89.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €355,734 | €418,209 | €377,891 | €370,433 | €289,821 | ▼ 21.8% |
| Equity10/15 | €234,919 | €289,489 | €289,869 | €290,089 | €259,327 | ▼ 10.6% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €135,000 | ▼ 10.0% |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €135,000 | ▼ 10.0% |
| Issued capital100 | - | €150,000 | €150,000 | €150,000 | €135,000 | ▼ 10.0% |
| Reserves13 | €116,066 | €139,489 | €139,869 | €140,089 | €124,327 | ▼ 11.3% |
| Non-distributable reserves130/1 | - | €15,000 | €15,000 | €15,000 | €13,500 | ▼ 10.0% |
| Legal reserve130 | - | €15,000 | €15,000 | €15,000 | €13,500 | ▼ 10.0% |
| Distributable reserves133 | - | €124,489 | €124,869 | €125,089 | €110,827 | ▼ 11.4% |
| Profit (loss) carried forward14 | -€31,147 | - | - | - | - | - |
| Amounts payable17/49 | €120,815 | €128,720 | €88,022 | €80,343 | €30,494 | ▼ 62.0% |
| Amounts payable after more than one year17 | €67,500 | €52,500 | €37,500 | €22,500 | €7,500 | ▼ 66.7% |
| Financial debts170/4 | - | €52,500 | €37,500 | €22,500 | €7,500 | ▼ 66.7% |
| Amounts payable within one year42/48 | €45,717 | €63,748 | €50,522 | €53,843 | €21,108 | ▼ 60.8% |
| Current portion of amounts payable after more than one year42 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Trade debts44 | €2,787 | €22,044 | €14,248 | €22,952 | €4,612 | ▼ 79.9% |
| Suppliers440/4 | - | €22,044 | €14,248 | €22,952 | €4,612 | ▼ 79.9% |
| Taxes, remuneration and social security45 | - | €23,725 | €18,972 | €13,538 | €1,387 | ▼ 89.8% |
| Taxes450/3 | - | €23,725 | €18,972 | €13,538 | €1,387 | ▼ 89.8% |
| Other amounts payable47/48 | - | €2,979 | €2,302 | €2,353 | €109 | ▼ 95.4% |
| Accrued charges and deferred income492/3 | - | €12,472 | - | €4,000 | €1,886 | ▼ 52.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,147 | €56,170 | €380 | €220 | €2,671 | ▲ 1,111% |
| + Depreciation and write-downs630 | €44,524 | €41,983 | €46,572 | €42,804 | €23,138 | ▼ 45.9% |
| Operating cash flow (approximation) | €13,378 | €98,153 | €46,953 | €43,024 | €25,809 | ▼ 40.0% |
| Investment in fixed assets (approximation) | - | -€50,789 | -€28,292 | -€24,322 | €46,301 | ▲ 290% |
| Change in cash | - | €46,649 | -€34,813 | €19,769 | €8,633 | ▼ 56.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37004A0168/00C000 | Flanders | 2,982 m² | 1 · 167 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Company details
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Register as of 30 September 2026 · Peppol Directory
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