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HSA PROJECTS

Open bankruptcy
Private limited companyfounded 2022Koning Boudewijnlaan 20, 3500 Hasselt, BelgiumKBO/BCE: BE 0791.633.529

A bankruptcy procedure is open for HSA PROJECTS according to publications in the Belgian State Gazette; curator: LIES DEWAEL.

Summary

The 2023 annual accounts show equity of €405,473 and a net result of €395,473.

HSA PROJECTSOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Hasselt division
Declared bankrupt
10 September 2026
Supervising judge
Kristof Emmers
Official Gazette
16-09-2026 (pdf) ↗search the document for 2026/137787

Curator

  • Lies DewaelZoutleeuwstraat 52, 3404 Atten- Hovenlies.dewael@advocaatdewael.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address strikeout annulled

History

HSA PROJECTS was incorporated on 29 September 2022 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2023.2 On 10 September 2026 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023
  3. 3Belgian State Gazette, 16-09-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, abbreviated schema

Turnover
€2.1m
EBIT margin
25.2%
Net result
€395,473
Working capital
€373,713

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

Balance-sheet composition
Assets €889,031
Fixed assets €31,760
Current assets €857,271
Equity and liabilities €889,031
Equity €405,473
Debt €483,558
Debt finances 54.4% of the balance-sheet total.
Key figures and ratios
2023 value
EBITDA
€529,334
Cash flow
€398,121
Current ratio
1.77
Debt to equity
1.19
ROE
97.5%
ROA
44.5%
Interest coverage
3576.58
Debt ≤ 1 year
€483,558
Income taxes
€131,077
Staff costs
€130
Annual accounts
Filed annual accounts As filed with the NBB · 2023 · 36 lines
Balance sheet Code2023
Assets
Total assets20/58€889,031
Fixed assets21/28€31,760
Tangible fixed assets22/27€31,760
Plant, machinery and equipment23€1,111
Furniture and vehicles24€30,649
Current assets29/58€857,271
Amounts receivable within one year40/41€660,079
Trade receivables40€561,352
Other amounts receivable41€98,727
Cash at bank and in hand54/58€197,192
Equity and liabilities
Total equity and liabilities10/49€889,031
Equity10/15€405,473
Contributions10/11€10,000
Profit (loss) carried forward14€395,473
Amounts payable17/49€483,558
Amounts payable within one year42/48€483,558
Trade debts44€351,484
Suppliers440/4€351,484
Taxes, remuneration and social security45€132,074
Taxes450/3€132,074
Income statement Code2023
Turnover70€2.1m
Goods, raw materials, services and sundry goods60/61€1.6m
Remuneration, social security and pensions62€130
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,648
Other operating charges640/8€14,489
Gross operating margin9900€543,952
Operating profit (loss)9901€526,686
Financial income75/76B€13
Recurring financial income75€13
Financial charges65/66B€148
Recurring financial charges65€148
Profit (loss) for the period before taxes9903€526,550
Income taxes67/77€131,077
Profit (loss) for the period9904€395,473
Profit (loss) for the period to be appropriated9905€395,473
Appropriation of the result
Profit (loss) to be appropriated9906€395,473

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2023
Turnover70€2.1m
Goods, raw materials, services and sundry goods60/61€1.6m
Remuneration, social security and pensions62€130
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,648
Other operating charges640/8€14,489
Gross operating margin9900€543,952
Operating profit (loss)9901€526,686
Financial income75/76B€13
Recurring financial income75€13
Financial charges65/66B€148
Recurring financial charges65€148
Profit (loss) for the period before taxes9903€526,550
Income taxes67/77€131,077
Profit (loss) for the period9904€395,473
Profit (loss) for the period to be appropriated9905€395,473
Line2023
Assets
Total assets20/58€889,031
Fixed assets21/28€31,760
Tangible fixed assets22/27€31,760
Plant, machinery and equipment23€1,111
Furniture and vehicles24€30,649
Current assets29/58€857,271
Amounts receivable within one year40/41€660,079
Trade receivables40€561,352
Other amounts receivable41€98,727
Cash at bank and in hand54/58€197,192
Equity and liabilities
Total equity and liabilities10/49€889,031
Equity10/15€405,473
Contributions10/11€10,000
Profit (loss) carried forward14€395,473
Amounts payable17/49€483,558
Amounts payable within one year42/48€483,558
Trade debts44€351,484
Suppliers440/4€351,484
Taxes, remuneration and social security45€132,074
Taxes450/3€132,074
Line2023
Profit (loss) for the period9904€395,473
+ Depreciation and write-downs630€2,648
Operating cash flow (approximation)€398,121

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2026
16-09
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 10-09-2026
2025
15-07
KBO administration Address strikeout annulled
25-03
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 237 days late
SignalNBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 acts for this company are 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, Hasselt · 1 establishment unit since 2022
seat establishment approximate The establishment unit on the map
Ground area
6,122 m²
Parcel 71323C0155/00H002, Flanders. Linked by address, not a title deed.
1 establishment unit
HSA PROJECTS
Koning Boudewijnlaan 20, 3500 HasseltCivil engineering
since 20222.337.265.775
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71323C0155/00H002 Flanders 6,122 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator LIES DEWAEL
ZOUTLEEUWSTRAAT 52, 3404 ATTEN- HOVEN
10-09-2026 → present

Similar companies · same sector, comparable size

Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 10,017 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
Founded29-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work

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