Skip to content

HSB-PROJECTS

In bankruptcy Private limited company (pre-2019)founded 2016KBO/BCE: BE 0650.936.712
HSB-PROJECTS
Follow Report

Overview

Information for creditors

Enterprise Court of Ghent, Kortrijk division · Official Gazette of 26-06-2024
Appeal or third-party opposition 11-07-2024Filing the claim in RegSol 18-07-2024First verification report 06-08-2024Late claim 18-06-2025

Trustees: Antoine Van Eeckhout, Barbara Vanhoonacker. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

Lifetime

4 annual accounts with figures on one time axis
peak €32,718 (2020)
€32,718▲ 98.7%
peak €24,818 (2020)
€24,818▲ 878%
peak €65,076 (2020)
€65,076▲ 61.6%
€36,668▼ 4.9%
Board1 name since 2018
1 director
Documentsfilings and deeds
18-08-2022383 days late
2020micro format
Gross margin from €16,464 to €32,718Result from €2,537 to €24,818Equity from €40,259 to €65,076Cash from €6,127 to €9,971

Key points

from the 2020 annual accounts, the last ones filed

Filings

4 annual accounts 4 late
AprilJune31 JulyOctober2017201820192020

The 2020 accounts came latest: 383 days after the end of the period.

Board and ownership

Manager
Board & ownership

Recent changes

Address struck KBO administration
Bankruptcy published Enterprise Court of Ghent, Kortrijk division · judgment of 18-06-2024 · Bankruptcy
Registered office moved from Meulebeke to Izegem New registered office: Ysselbosstraat 7 bus 1, 8870 Izegem · Previous registered office: Tieltstraat 219A, 8760 Meulebeke · Gazette deed
Registered office moved from Izegem to Meulebeke New registered office: Tieltstraat 219 A, 8760 Meulebeke · Previous registered office: Vlasbloemstraat 66, 8870 Izegem · Gazette deed
All 12 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 18-06-2024
Legal form
Private limited company (pre-2019)
Activity
Agents in non-specialised wholesale tradeNACE 46190and 2 others
Establishment unit
2.252.493.418since 01-04-2016
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2020

€32,718▲ 98.7%
≈ €140,000estimated
€24,818▲ 878%
€65,076▲ 61.6%
€101,744▲ 29.1%
Filing
Filed on 18-08-2022
Financials

Insights on HSB-PROJECTS

On 18 June 2024 the court declared HSB-PROJECTS bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2020

micro format, filed on 18-08-2022, 383 days late
€32,718
▲ 98.7%
€29,875
▲ 751%
€24,818
▲ 878%
€62,932
▲ 39.2%
64.0%
▲ 12.9 percentage points
2.72
▲ 0.29

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €89,000 and €360,000.

Balance sheet

balance sheet total €101,744 on 31-12-2020
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

64.0%

Higher than 74% of 12,326 companies in 2020.

2.72

Higher than 72% of 11,905 companies in 2020.

24.4%

Higher than 87% of 12,036 companies in 2020.

HSB-PROJECTS Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2020201920182017
Balance sheet: assets
20/58 101,74478,80446,64829,979
21/28 2,1441,9361,9841,415
22/27 2,1441,9361,9841,415
23 9401,9361,9841,415
24 1,204---
29/58 99,60076,86844,66428,564
40/41 89,62970,74128,17927,925
40 16,57814,0106,16314,000
41 73,05056,73122,01713,925
54/58 9,9716,12716,485639
Balance sheet: equity and liabilities
10/49 101,74478,80446,64829,979
10/15 65,07640,25937,72119,502
10/11 6,200-6,2006,200
10 6,200---
100 18,600-18,60018,600
101 12,400-12,40012,400
11 -6,200--
1100/10 -6,200--
13 34,05934,05931,52113,302
130/1 1,8601,860--
130 1,860-1,860620
1319 -1,860--
133 32,19932,19929,66112,682
14 24,818---
17/49 36,66838,5458,92710,476
42/48 36,66831,6458,92710,476
43 1,037949--
430/8 1,037949--
44 10,27015,9091,4095,587
440/4 10,27015,9091,4095,587
45 25,36014,7877,5184,889
450/3 25,36014,7877,5184,889
492/3 -6,900--
Income statement
76A -6,199--
9900 32,71816,46426,74724,463
630 1,4381,8011,529830
640/8 1,4051,8531,1601,763
66A -9,300--
9901 29,8753,51024,05821,871
75/76B 6,321521129167
75 6,321521129167
65/66B 8371,3642673,119
65 8371,3642673,119
9903 35,3582,66723,92018,919
67/77 10,5411305,7015,617
9904 24,8182,53718,21913,302
9905 24,8182,53718,21913,302
Appropriation of the result
9906 24,8182,53718,21913,302
691/2 -2,53718,21913,302
6920 --1,240620
6921 -2,53716,97912,682
Document PDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2020 (PDF), filed on 18-08-2022.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2020 annual accounts filed 383 days after the deadline. Filed on 18 August 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-20312319.

Financial year Type Filed Reference Document
31-12-2020 micro format 18-08-2022 2022-20312319 PDF
31-12-2019 micro format 30-10-2020 2020-67300600 PDF
31-12-2018 micro format 11-09-2019 2019-63900482 PDF
31-12-2017 micro format 22-03-2019 2019-07700278 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2020201920182017
31,3125,31125,58722,700
26,2554,33819,74814,132
1,6461,7522,0982,245
3,844-10,35815,846-
62,93245,22335,73718,087
64.0%51.1%80.9%65.1%
2.722.435.002.73
0.560.960.240.54
38.1%6.3%48.3%68.2%
24.4%3.2%39.1%44.4%
37.41---

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item2020
Tangible fixed assets€1,646
€1,438

Source: notes to the 2020 annual accounts (statement of fixed assets)

Insights on HSB-PROJECTS

The operating result for 2020 is 8.5 times that of 2019 and the highest since 2017. It is a recovery after the fall in 2019.

Debt's share of the balance-sheet total falls from 48.9% to 36.0%. Equity is higher and debt is lower.

Board & ownership

Curators

the curators have managed the company since 18-06-2024
Antoine Van Eeckhout
Curator, Henri Horrie- Straat 44-46, 8800 Roeselare
Also on 33 other cases
Barbara Vanhoonacker
Curator, Henri Horriestraat 44-46, 8800 Roeselare
Also on 18 other cases

Last board

1 director, last change in 2018
Manager
in office according to the deed of 28-12-2018
listed in the 2020 annual accounts, filed on 18-08-2022

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Manager
Boardmandate already running before its first mentionBankruptcy 18-06-2024
Mandates as a list
    • Manager, from before 28-12-2018, until the bankruptcy of 18-06-2024

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital
€6,200
Source
2020 annual accounts

Network & group

No group

HSB-PROJECTS has no parent and no holdings in its annual accounts. is the only director. HSB-PROJECTS shares no director with another company.

At the same address

1 other company
VERNO
establishment since 28-05-1998 · founded in 1998
 total assets €1.9m (2025)
0463.172.129

Timeline

Timeline

12 events since 2016
2025
Address struck
2024
Bankruptcy published Enterprise Court of Ghent, Kortrijk division · judgment of 18-06-2024
2022
Annual accounts 2020 filed PDFmicro format · 383 days late
2020
Highest result from 2017 to 2020 net €24,818 ▲878% The operating result of €29,875 and the net result of €24,818 are both a record.
Annual accounts 2019 filed PDFmicro format · 91 days late
2019
Weakest financial year net €2,537 ▼86.1% The net result drops to €2,537, the lowest from 2017 to 2020.
Annual accounts 2018 filed PDFmicro format · 42 days late
Annual accounts 2017 filed PDFmicro format · 234 days late
2018
Registered office moved from Meulebeke to IzegemNew registered office: Ysselbosstraat 7 bus 1, 8870 Izegem · Previous registered office: Tieltstraat 219A, 8760 Meulebeke1 point ▸
  • Registered-office move, Ysselbosstraat 7 bus 1, 8870 Izegem
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2016
Registered office moved from Izegem to MeulebekeNew registered office: Tieltstraat 219 A, 8760 Meulebeke · Previous registered office: Vlasbloemstraat 66, 8870 Izegem1 point ▸
  • Registered-office move, Tieltstraat 219 A, 8760 Meulebeke
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

First establishment
Incorporation PDF3 publications in the Belgian Official Gazette, the last on 28-12-2018 · published on 04-04-2016

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

HSB-PROJECTS was incorporated on 31 March 2016.1 The registered office moved to Meulebeke in 2016 and to Izegem in 2018.23 Total assets rose from €46,648 in 2018 to €101,744 in 2020.4 On 18 June 2024 the company was declared bankrupt.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 09-11-2016
  3. 3Belgian Official Gazette, 28-12-2018
  4. 4National Bank, annual accounts 2018 and 2020
  5. 5Belgian Official Gazette, 26-06-2024

Company details

Identity

Enterprise number
0650.936.712
VAT number
BE 0650.936.712
Legal form
Private limited company (pre-2019)
Status
In bankruptcy, since 18-06-2024
Founded
31-03-2016
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
HSB-PROJECTS in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
46190 Agents in non-specialised wholesale trade main activity
41001 General construction of residential buildings
68121 Development of residential building projects
Codes under NACEBEL 2008
46190 Wholesale trade main activity
41101 Real estate development
41201 General construction of buildings

Registered office and establishments

1 establishment
Establishment Since Unit number
HSB-PROJECTS 01-04-2016 2.252.493.418
2 former offices
  • Tieltstraat 219A, 8760 Meulebeke until 01-12-2018 · deed of 28-12-2018
  • Vlasbloemstraat 66, 8870 Izegem until 01-10-2016 · deed of 09-11-2016

Buildings and parcels at the address

Ground area
2,704 m²
Buildings
165 m²
Volume, LiDAR
766 m³
Tallest building
8.8 m
Buildings to scale, each on its own parcel
165 m², 8.8 m 165 m², 8.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
36009B0304/00F0002,704 m² 1 · 165 m² 8.8 m · 1

We would like to set cookies. That happens only with your consent. What we measure