Turnover
≈ €140,000 estimated
The micro format states no turnover.
HS PROJECTS
Lifetime
1 annual account with figurespeak €17,873 (2025)
€17,873
peak €9,491 (2025)
€9,491
peak €14,491 (2025)
€14,491
€46,223
Board1 name since 2025
1 directorSWEECK Hendrik Gabriël
Documentsfilings and deeds
04-07-202627 days before the deadline
2025micro format
Incorporation 23-041 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsDebts
€46,223 76% of the balance sheet
Suppliers 27%Taxes and wages 14%Other 59%
Starting capital
€5,000 100 shares
Checked score
66
Healthy
Financially stronger than 50% of micro companies in civil engineering (NACE 42)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2026: 1.8%
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 1.0%▼ -0.9 percentage points vs 07-2026lowest value
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.2%▲ +0.2 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Size: total assets €60,714
Equity €14,491 (23.9% of total assets)
lowers risk
Liquidity: current ratio 0.54, cash €20,862
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 42, micro). It does better than 27% of them on solvency, 52% on liquidity and 70% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,390 companies had the same profile as HS PROJECTS has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HS PROJECTS itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,390 companies, not a prediction for HS 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.54, below 1. Short-term debt is 76.1% and cash 34.4% of total assets. 76.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 04-07-2026, 27 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
27 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1022527577
Incorporation
Founding capital of €5,000, 100 shares · Founder: SWEECK Hendrik Gabriël · Appointment: SWEECK Hendrik Gabriël (managing director) · published on 23-04-2025 · Gazette deed
First establishment
Tulpenstraat 21, Heist-op-den-Berg
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HS PROJECTS Heist-op-den-Berg | €60,714 | €17,873 | 23.9% | - |
| GUBA CONSULT Verviers | €61,126 | €46,327 | 60.9% | - |
| Melona Zwembaden Hemiksem | €21,304 | €8,872 | 45.2% | - |
| Designers in 't Groen Herentals | €19,957 | €4,721 | 43.7% | - |
| ONE CUBE Geraardsbergen | €155,733 | €9,825 | 26.9% | - |
| Pool@U Sint-Niklaas | €146,176 | €18,924 | 54.3% | - |
| FORGET STIERLI AQUATIC Profondeville | €52,724 | €22,042 | -15.3% | - |
These companies have the same main activity as HS PROJECTS: civil engineering (NACE 42990). They are comparable in size and age: total assets between €20,000 and €156,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 18-04-2025Normal situation
- Activity
- Civil engineeringNACE 42990and 1 other
- Establishment unit
- 2.373.612.7642223 Heist-op-den-Berg, since 18-04-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 09-02-2026
Annual accounts 2025
- €60,714
- Filing
- Filed on 04-07-2026, 27 days before the end of the filing period
Insights on HS PROJECTS
HS PROJECTS has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,491 and a net result of €9,491.
Its solvency ranks better than 26% of 1,263 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HS PROJECTS
- What is the company number of HS PROJECTS?
- The company number of HS PROJECTS is 1022.527.577. The VAT number is the same number with BE in front: BE 1022.527.577.
- Where is HS PROJECTS based?
- The registered office is at Tulpenstraat 21, 2223 Heist-op-den-Berg.Company details
- What does HS PROJECTS do?
- According to the KBO register, the main activity is civil engineering (NACE 42990).
- What is the legal form of HS PROJECTS?
- HS PROJECTS is a private limited company (BV).
- When was HS PROJECTS founded?
- HS PROJECTS was founded on 18-04-2025.
- Is HS PROJECTS still active?
- Yes, HS PROJECTS is an active enterprise in the KBO register.
- What is the turnover of HS PROJECTS?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €17,873 and 6,297 comparable companies of the same size. It probably lies between €62,000 and €330,000. It is a rough estimate.Financials
- Is HS PROJECTS profitable?
- In financial year 2025, HS PROJECTS made a profit of €9,491.
- Where can I find the annual accounts of HS PROJECTS?
- HS PROJECTS filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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