HSL PROJECT
ActiveThe computed 12-month bankruptcy probability of HSL PROJECT is 2.3% (moderate). The 2025 annual accounts show equity of €2k and a net result of €3k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 4577 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+37
Solvency70▲+70
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
2022
127 d late
2021
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k
2024 · €-1k
2021: €504
2022: €-1k
2023: €-1k
2024: €-1k
2021 → 2025
Total assets
€5k▲ 80.4%
2024 · €3k
2021: €3k
2022: €2k
2023: €2k
2024: €3k
2021 → 2025
Net result
€3k▲ 1,057%
2024 · €284
2021: €-1k
2022: €-2k
2023: €53
2024: €284
2021 → 2025
Working capital
€2k
2024 · €-1k
2021: €-557
2022: €-2k
2023: €-1k
2024: €-1k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€504-€-1k€-1k▲ 3.9%€-1k▲ 22.0%€2k
Operating result€-1k-€-2k▼ 14.0%€206€487▲ 136%€3k▲ 592%
Net result€-1k-€-2k▼ 23.4%€53€284▲ 438%€3k▲ 1,057%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 592% above 2024 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €5k
Equity
€2k
Debt
€3k
Debt finances 55.1% of the balance-sheet total.
Key figures and ratios
Solvency
44.9%
Current ratio
1.81
Quick ratio
1.81
Debt / equity
1.23
ROE
144.2%
ROA
64.7%
Debt
€3k▼
2024 · €4k
Debt ≤ 1 year
€3k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3k€5k▲
Current assets29/58€3k€5k▲
Amounts receivable within one year40/41€141€2k▲
Trade receivables40-€45
Other amounts receivable41€141€2k▲
Cash at bank and in hand54/58€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€3k€5k▲
Equity10/15€-1k€2k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-3k€277▲
Amounts payable17/49€4k€3k▼
Amounts payable within one year42/48€4k€3k▼
Trade debts44€754€3k▲
Suppliers440/4€754€3k▲
Taxes, remuneration and social security45€27-
Taxes450/3€27-
Other amounts payable47/48€3k€213▼
Income statement
Code20242025
Gross operating margin9900€487€3k▲
Operating profit (loss)9901€487€3k▲
Financial income75/76B-€72
Recurring financial income75-€72
Financial charges65/66B€203€161▼
Recurring financial charges65€203€161▼
Profit (loss) for the period before taxes9903€284€3k▲
Profit (loss) for the period9904€284€3k▲
Profit (loss) for the period to be appropriated9905€284€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€277▲
Profit (loss) brought forward from the previous period14P€-3k€-3k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €3k ▲1057%
Operating result €3k, net result €3k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.81
Current ratio from 0.74 to 1.81; short-term debt falls from €4k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €53
Net result €53 after 2 loss-making years.
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 127 days late
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Anderlecht · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Itterbeekse Laan 3821070 AnderlechtGround area
172 m²
Building footprint
113 m²
Volume, LiDAR
989 m³
Parcel 21308H0100/00F003, Brussels · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HSL PROJECT
since 20202.310.973.530
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0100/00F003 | Brussels | 172 m² | 1 · 113 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,862 companies in sector 96220 we hold annual accounts for 1,441. 659 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-11-2020
Fiscal year end31-12
Activities, NACEBEL
96022Beauty treatment
96220Beauty care and other beauty treatments
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:snmjvd@hotmail.fr