HSP PROJECTEN
Open bankruptcyFinancials · financial year 2025, abbreviated format
Turnover
≈ €26,000
Estimated: probably between €13,000 and €52,000
Total assets
€161,359▼ 72.1%
2024 · €579,144
Net result
-€20,169▼ 115%
2024 · -€9,393
Working capital
-€26,331▼ 195%
2024 · -€8,922
Trend over the years
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €18,160 in 2025 against €2,986 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€18,160
2025
Net result-€20,169
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€161,359
2025
Equity-€16,228
2025
Debt€177,587
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€26,331
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-12.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-10.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.84
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€3,985-€11,338▲ 185%-€2,986-€18,160▼ 508%
Net result€2,738within the sector's middle half-€4,395within the sector's middle half▲ 60.5%-€9,393below the sector's middle half-€20,169below the sector's middle half▼ 115%
Equity€8,938below the sector's middle half-€13,333below the sector's middle half▲ 49.2%€3,940below the sector's middle half▼ 70.4%-€16,228below the sector's middle half
Total assets€290,995below the sector's middle half-€905,867within the sector's middle half▲ 211%€579,144within the sector's middle half▼ 36.1%€161,359below the sector's middle half▼ 72.1%
Debt€282,057-€892,533▲ 216%€575,203▼ 35.6%€177,587▼ 69.1%
Working capital€1,609below the sector's middle half--€18,220below the sector's middle half-€8,922below the sector's middle half▲ 51.0%-€26,331below the sector's middle half▼ 195%
Solvency3.1%below the sector's middle half-1.5%below the sector's middle half▼ 1.6pp0.7%below the sector's middle half▼ 0.8pp-10.1%below the sector's middle half▼ 10.7pp
Current ratio1.01below the sector's middle half-0.98below the sector's middle half▼ 0.030.98below the sector's middle half▲ 0.010.84below the sector's middle half▼ 0.14
Return on assets (ROA)0.9%within the sector's middle half-0.5%within the sector's middle half▼ 0.5pp-1.6%below the sector's middle half▼ 2.1pp-12.5%below the sector's middle half▼ 10.9pp
Staff (FTE)1within the sector's middle half0.3below the sector's middle half▼ 70.0%
above
within
below
the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161,359
Fixed assets
€18,150 ▼ 35.2%
Current assets
€143,209 ▼ 74.0%
Equity and liabilities
Equity-€16,228
Debt€177,587
Equity is negative: debt (€177,587) exceeds the balance-sheet total (€161,359).
Key figures and ratios
EBITDA
-€8,322▼
2024 · €9,134
Cash flow
-€10,331▼
2024 · €2,727
Interest coverage
-6.15▼
2024 · 1.74
Debt ≤ 1 year
€169,539▼
2024 · €560,077
Debt > 1 year
€8,048▼
2024 · €15,126
Staff costs
€4,689▼
2024 · €7,760
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €7,760 | €4,689 | ▼ 39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,959 | €15,754 | €12,120 | €9,838 | ▼ 18.8% |
| Other operating charges640/8 | €1,331 | €2,530 | €2,423 | €5,932 | ▲ 145% |
| Non-recurring operating charges66A | - | - | €21,098 | - | - |
| Gross operating margin9900 | €14,275 | €29,623 | €40,414 | €2,299 | ▼ 94.3% |
| Operating profit (loss)9901 | €3,985 | €11,338 | -€2,986 | -€18,160 | ▼ 508% |
| Financial income75/76B | €1,940 | €541 | €1,107 | €191 | ▼ 82.8% |
| Recurring financial income75 | €1,940 | €541 | €1,107 | €191 | ▼ 82.8% |
| Financial charges65/66B | €1,149 | €4,327 | €5,240 | €2,199 | ▼ 58.0% |
| Recurring financial charges65 | €1,149 | €4,327 | €5,240 | €1,353 | ▼ 74.2% |
| Non-recurring financial charges66B | - | - | - | €847 | - |
| Profit (loss) for the period before taxes9903 | €4,776 | €7,552 | -€7,119 | -€20,169 | ▼ 183% |
| Income taxes67/77 | €2,038 | €3,157 | €2,274 | - | - |
| Profit (loss) for the period9904 | €2,738 | €4,395 | -€9,393 | -€20,169 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €2,738 | €4,395 | -€9,393 | -€20,169 | ▼ 115% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €290,995 | €905,867 | €579,144 | €161,359 | ▼ 72.1% |
| Fixed assets21/28 | €7,329 | €93,435 | €27,988 | €18,150 | ▼ 35.2% |
| Tangible fixed assets22/27 | €7,329 | €93,435 | €27,988 | €18,150 | ▼ 35.2% |
| Plant, machinery and equipment23 | €730 | €298 | €494 | €311 | ▼ 37.0% |
| Furniture and vehicles24 | €6,600 | €63,912 | €5,215 | €2,504 | ▼ 52.0% |
| Leasing and similar rights25 | - | €29,225 | €22,280 | €15,336 | ▼ 31.2% |
| Current assets29/58 | €283,666 | €812,432 | €551,155 | €143,209 | ▼ 74.0% |
| Amounts receivable within one year40/41 | €283,666 | €373,174 | €39,320 | €111,137 | ▲ 183% |
| Trade receivables40 | €233,760 | €354,580 | €22,335 | €70,251 | ▲ 215% |
| Other amounts receivable41 | €49,906 | €18,594 | €16,985 | €40,886 | ▲ 141% |
| Cash at bank and in hand54/58 | - | €8,442 | €35,843 | €6,325 | ▼ 82.4% |
| Deferred charges and accrued income490/1 | - | €430,817 | €475,992 | €25,747 | ▼ 94.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €290,995 | €905,867 | €579,144 | €161,359 | ▼ 72.1% |
| Equity10/15 | €8,938 | €13,333 | €3,940 | -€16,228 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €2,738 | €7,133 | -€2,260 | -€22,428 | ▼ 893% |
| Amounts payable17/49 | €282,057 | €892,533 | €575,203 | €177,587 | ▼ 69.1% |
| Amounts payable after more than one year17 | - | €61,881 | €15,126 | €8,048 | ▼ 46.8% |
| Financial debts170/4 | - | €61,881 | €15,126 | €8,048 | ▼ 46.8% |
| Amounts payable within one year42/48 | €282,057 | €830,652 | €560,077 | €169,539 | ▼ 69.7% |
| Current portion of amounts payable after more than one year42 | - | €12,578 | €6,953 | €7,078 | ▲ 1.8% |
| Financial debts43 | €4,142 | - | - | - | - |
| Credit institutions430/8 | €4,142 | - | - | - | - |
| Trade debts44 | €163,097 | €286,551 | €12,351 | €7,076 | ▼ 42.7% |
| Suppliers440/4 | €163,097 | €286,551 | €12,351 | €7,076 | ▼ 42.7% |
| Advances received on contracts in progress46 | €113,626 | - | €37,500 | - | - |
| Taxes, remuneration and social security45 | €1,192 | €2,310 | €7,081 | €2,390 | ▼ 66.3% |
| Taxes450/3 | €1,192 | €2,310 | €7,047 | €2,390 | ▼ 66.1% |
| Remuneration and social security454/9 | - | - | €34 | - | - |
| Other amounts payable47/48 | - | €529,213 | €496,193 | €152,996 | ▼ 69.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,738 | €4,395 | -€9,393 | -€20,169 | ▼ 115% |
| + Depreciation and write-downs630 | €8,959 | €15,754 | €12,120 | €9,838 | ▼ 18.8% |
| Operating cash flow (approximation) | €11,697 | €20,150 | €2,727 | -€10,331 | - |
| Investment in fixed assets (approximation) | - | -€101,860 | €53,326 | €0 | ▼ 100% |
| Change in cash | - | - | €27,402 | -€29,518 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00032532 |
| 30-06-2024 | abbreviated format | 04-02-2025 | 2025-00027865 |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00024187 |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00020970 |
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Of the 29,217 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,357. 1,992 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €1,726 awarded · €1,726 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.