HSB-PROJECTS
Open bankruptcySummary
A bankruptcy procedure is open for HSB-PROJECTS according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2020 annual accounts show equity of €65,076 and a net result of €24,818.
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 Ghent, Kortrijk division
- Declared bankrupt
- 18 June 2024
- Supervising judge
- Patrick Danneels
- Official Gazette
- 26-06-2024 (pdf) ↗search the document for 2024/126243
Curators
- Antoine Van EeckhoutHenri Horrie- Straat 44-46, 8800 Roeselareantoine@trustadvocaten.be
- Barbara VanhoonackerHenri Horriestraat 44-46, 8800 Roeselarebarbara@trustadvocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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 ↗
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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 publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Agents in non-specialised wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€65,076▲ 61.6%
2019 · €40,259
Total assets
€101,744▲ 29.1%
2019 · €78,804
Net result
€24,818▲ 878%
2019 · €2,537
Working capital
€62,932▲ 39.2%
2019 · €45,223
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€24,058-€3,510▼ 85.4%€29,875▲ 751%
Net result€18,219-€2,537▼ 86.1%€24,818▲ 878%
Equity€37,721-€40,259▲ 6.7%€65,076▲ 61.6%
Total assets€46,648-€78,804▲ 68.9%€101,744▲ 29.1%
Debt€8,927-€38,545▲ 332%€36,668▼ 4.9%
Working capital€35,737-€45,223▲ 26.5%€62,932▲ 39.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 751% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €101,744
Fixed assets
€2,144 ▲ 10.8%
Current assets
€99,600 ▲ 29.6%
Equity and liabilities €101,744
Equity
€65,076 ▲ 61.6%
Debt
€36,668 ▼ 4.9%
Debt's share of the balance-sheet total falls from 48.9% to 36.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,312▲
2019 · €5,311
Cash flow
€26,255▲
2019 · €4,338
Current ratio
2.72▲
2019 · 2.43
Debt to equity
0.56
ROE
38.1%▲
2019 · 6.3%
ROA
24.4%▲
2019 · 3.2%
Interest coverage
37.41
Debt ≤ 1 year
€36,668▲
2019 · €31,645
Income taxes
€10,541▲
2019 · €130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,529 | €1,801 | €1,438 | ▼ 20.2% |
| Other operating charges640/8 | - | - | €1,405 | - |
| Gross operating margin9900 | €26,747 | €16,464 | €32,718 | ▲ 98.7% |
| Operating profit (loss)9901 | €24,058 | €3,510 | €29,875 | ▲ 751% |
| Financial income75/76B | - | - | €6,321 | - |
| Recurring financial income75 | €129 | €521 | €6,321 | ▲ 1,113% |
| Financial charges65/66B | - | - | €837 | - |
| Recurring financial charges65 | €267 | €1,364 | €837 | ▼ 38.6% |
| Profit (loss) for the period before taxes9903 | €23,920 | €2,667 | €35,358 | ▲ 1,226% |
| Income taxes67/77 | €5,701 | €130 | €10,541 | ▲ 8,030% |
| Profit (loss) for the period9904 | €18,219 | €2,537 | €24,818 | ▲ 878% |
| Profit (loss) for the period to be appropriated9905 | €18,219 | €2,537 | €24,818 | ▲ 878% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €46,648 | €78,804 | €101,744 | ▲ 29.1% |
| Fixed assets21/28 | €1,984 | €1,936 | €2,144 | ▲ 10.8% |
| Tangible fixed assets22/27 | €1,984 | €1,936 | €2,144 | ▲ 10.8% |
| Plant, machinery and equipment23 | - | - | €940 | - |
| Furniture and vehicles24 | - | - | €1,204 | - |
| Current assets29/58 | €44,664 | €76,868 | €99,600 | ▲ 29.6% |
| Amounts receivable within one year40/41 | €28,179 | €70,741 | €89,629 | ▲ 26.7% |
| Trade receivables40 | - | - | €16,578 | - |
| Other amounts receivable41 | - | - | €73,050 | - |
| Cash at bank and in hand54/58 | €16,485 | €6,127 | €9,971 | ▲ 62.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €46,648 | €78,804 | €101,744 | ▲ 29.1% |
| Equity10/15 | €37,721 | €40,259 | €65,076 | ▲ 61.6% |
| Contributions10/11 | €6,200 | - | €6,200 | - |
| Capital10 | - | - | €6,200 | - |
| Issued capital100 | - | - | €18,600 | - |
| Uncalled capital101 | - | - | €12,400 | - |
| Reserves13 | €31,521 | €34,059 | €34,059 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | - |
| Distributable reserves133 | - | - | €32,199 | - |
| Profit (loss) carried forward14 | - | - | €24,818 | - |
| Amounts payable17/49 | €8,927 | €38,545 | €36,668 | ▼ 4.9% |
| Amounts payable within one year42/48 | €8,927 | €31,645 | €36,668 | ▲ 15.9% |
| Financial debts43 | - | - | €1,037 | - |
| Credit institutions430/8 | - | - | €1,037 | - |
| Trade debts44 | €1,409 | €15,909 | €10,270 | ▼ 35.4% |
| Suppliers440/4 | - | - | €10,270 | - |
| Taxes, remuneration and social security45 | - | - | €25,360 | - |
| Taxes450/3 | - | - | €25,360 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,219 | €2,537 | €24,818 | ▲ 878% |
| + Depreciation and write-downs630 | €1,529 | €1,801 | €1,438 | ▼ 20.2% |
| Operating cash flow (approximation) | €19,748 | €4,338 | €26,255 | ▲ 505% |
| Investment in fixed assets (approximation) | - | -€1,752 | -€1,646 | ▲ 6.0% |
| Change in cash | - | -€10,358 | €3,844 | ▲ 137% |
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
2025
17-01
KBO administration
Address struck
2024
26-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 18-06-2024
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 383 days late
2020
31-12
Financial
Highest result since 2018net €24,818 ▲878%
Operating result €29,875, net result €24,818, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet €2,537 ▼86.1%
Net result drops to €2,537, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 234 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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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, Izegem · 1 establishment unit since 2016
Ground area
2,704 m²
Building footprint
165 m²
Volume, LiDAR
766 m³
Parcel 36009B0304/00F000, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HSB-PROJECTS
since 20162.252.493.418
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36009B0304/00F000 | Flanders | 2,704 m² | 1 · 165 m² | 8.8 m · 1 fl. |
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Antoine VAN EECKHOUT HENRI HORRIE-
STRAAT 44-46, 8800 ROESELARE |
18-06-2024 → present |
| Curator | BARBARA VANHOONACKER HENRI HORRIESTRAAT 44-46,
8800 ROESELARE |
18-06-2024 → present |
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Of 6,147 companies in sector 46190 we hold annual accounts for 2,570. 1,964 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 (pre-2019)
Founded31-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
41001General construction of residential buildings
68121Development of residential building projects
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.