HV Projects
ActiveSummary
HV Projects has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €745,483 and a net result of -€23,859. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 69% of 1856 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+48
Solvency70▲+41
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.0 in 2023; short-term debt: 24.3% and cash: 8.2% of total assets), and 55.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.7%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
24 d early
2022
27 d early
2021
38 d early
2020
33 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#4 company by equity in Jabbeke, Accommodation and food service sector#7 company by total assets in Jabbeke, Accommodation and food service sector#9 oldest company in Jabbeke, Accommodation and food service sector
Equity
€745,483▲ 975%
2023 · €69,342
Total assets
€1.7m▲ 4.7%
2023 · €1.6m
Net result
-€23,859▲ 66.4%
2023 · -€71,014
Working capital
-€265,408▲ 72.5%
2023 · -€966,163
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€35,481▼ 538%-€53,254▼ 50.1%-€50,889▲ 4.4%-€61,995▼ 21.8%-€13,970▲ 77.5%
Net result-€35,667below the sector's middle half▼ 479%-€60,096below the sector's middle half▼ 68.5%-€59,981below the sector's middle half▲ 0.2%-€71,014below the sector's middle half▼ 18.4%-€23,859below the sector's middle half▲ 66.4%
Equity-€39,566below the sector's middle half▲ 26.6%-€99,662below the sector's middle half▼ 152%-€159,644below the sector's middle half▼ 60.2%€69,342within the sector's middle half€745,483above the sector's middle half▲ 975%
Total assets€283,911within the sector's middle half▲ 4,549%€659,504within the sector's middle half▲ 132%€1.1mabove the sector's middle half▲ 66.3%€1.6mabove the sector's middle half▲ 45.3%€1.7mabove the sector's middle half▲ 4.7%
Debt€323,477▲ 439%€759,166▲ 135%€1.3m▲ 65.5%€1.5m▲ 21.3%€923,515▼ 39.4%
Working capital-€269,988below the sector's middle half▼ 366%-€270,807below the sector's middle half▼ 0.3%-€575,109below the sector's middle half▼ 112%-€966,163below the sector's middle half▼ 68.0%-€265,408below the sector's middle half▲ 72.5%
Solvency-13.9%below the sector's middle half▲ 868.6pp-15.1%below the sector's middle half▼ 1.2pp-14.6%below the sector's middle half▲ 0.6pp4.4%within the sector's middle half▲ 18.9pp44.7%within the sector's middle half▲ 40.3pp
Current ratio0.17below the sector's middle half▲ 0.130.28within the sector's middle half▲ 0.120.14below the sector's middle half▼ 0.140.00below the sector's middle half▼ 0.130.35within the sector's middle half▲ 0.34
Return on assets (ROA)-12.6%below the sector's middle half▲ 88.3pp-9.1%below the sector's middle half▲ 3.5pp-5.5%below the sector's middle half▲ 3.6pp-4.5%within the sector's middle half▲ 1.0pp-1.4%within the sector's middle half▲ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,970 in 2024 against €61,995 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.5m ▼ 3.9%
Current assets
€140,641 ▲ 3,719%
Equity and liabilities €1.7m
Equity
€745,483 ▲ 975%
Debt
€923,515 ▼ 39.4%
Debt's share of the balance-sheet total falls from 95.6% to 55.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,250▲
2023 · -€51,146
Cash flow
€42,361▲
2023 · -€60,165
Debt to equity
1.24▼
2023 · 21.98
ROE
-3.2%▲
2023 · -102.4%
Interest coverage
5.26▲
2023 · -4.86
Debt ≤ 1 year
€406,049▼
2023 · €969,846
Debt > 1 year
€517,183▼
2023 · €554,244
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,590 | €9,749 | €10,117 | €10,849 | €66,220 | ▲ 510% |
| Other operating charges640/8 | - | €1,377 | €1,204 | €1,596 | €2,796 | ▲ 75.2% |
| Gross operating margin9900 | -€29,620 | -€42,128 | -€39,568 | -€49,550 | €55,046 | ▲ 211% |
| Operating profit (loss)9901 | -€35,481 | -€53,254 | -€50,889 | -€61,995 | -€13,970 | ▲ 77.5% |
| Financial income75/76B | - | €414 | €1,288 | €1,512 | €52 | ▼ 96.6% |
| Recurring financial income75 | - | €414 | €1,288 | €1,512 | €52 | ▼ 96.6% |
| Financial charges65/66B | - | €7,256 | €10,380 | €10,531 | €9,941 | ▼ 5.6% |
| Recurring financial charges65 | €186 | €7,256 | €10,380 | €10,531 | €9,941 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | -€35,667 | -€60,096 | -€59,981 | -€71,014 | -€23,859 | ▲ 66.4% |
| Profit (loss) for the period9904 | -€35,667 | -€60,096 | -€59,981 | -€71,014 | -€23,859 | ▲ 66.4% |
| Profit (loss) for the period to be appropriated9905 | -€35,667 | -€60,096 | -€59,981 | -€71,014 | -€23,859 | ▲ 66.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €283,911 | €659,504 | €1.1m | €1.6m | €1.7m | ▲ 4.7% |
| Fixed assets21/28 | €230,422 | €553,777 | €1.0m | €1.6m | €1.5m | ▼ 3.9% |
| Tangible fixed assets22/27 | €230,210 | €553,565 | €1.0m | €1.6m | €1.5m | ▼ 3.9% |
| Land and buildings22 | - | €211,968 | €203,074 | €194,180 | €1.2m | ▲ 535% |
| Plant, machinery and equipment23 | - | €2,076 | €1,628 | €5,037 | €291,110 | ▲ 5,679% |
| Furniture and vehicles24 | - | €2,925 | €3,080 | €6,418 | €4,611 | ▼ 28.2% |
| Assets under construction and advance payments27 | - | €336,596 | €798,125 | €1.4m | - | - |
| Financial fixed assets28 | €212 | €212 | €212 | €212 | €212 | = |
| Current assets29/58 | €53,489 | €105,727 | €90,691 | €3,683 | €140,641 | ▲ 3,719% |
| Amounts receivable within one year40/41 | €2,047 | €94,354 | €75,303 | €3,156 | €3,375 | ▲ 6.9% |
| Trade receivables40 | - | - | €5,323 | - | €826 | - |
| Other amounts receivable41 | - | €94,354 | €69,980 | €3,156 | €2,549 | ▼ 19.2% |
| Cash at bank and in hand54/58 | €51,442 | €11,373 | €15,388 | €527 | €137,266 | ▲ 25,947% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €283,911 | €659,504 | €1.1m | €1.6m | €1.7m | ▲ 4.7% |
| Equity10/15 | -€39,566 | -€99,662 | -€159,644 | €69,342 | €745,483 | ▲ 975% |
| Contributions10/11 | - | €70,000 | €70,000 | €370,000 | €1.1m | ▲ 189% |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | - | - | - | - |
| Distributable reserves133 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€111,566 | -€171,662 | -€231,644 | -€302,658 | -€326,517 | ▼ 7.9% |
| Amounts payable17/49 | €323,477 | €759,166 | €1.3m | €1.5m | €923,515 | ▼ 39.4% |
| Amounts payable after more than one year17 | - | €382,503 | €590,654 | €554,244 | €517,183 | ▼ 6.7% |
| Financial debts170/4 | - | €382,503 | €590,654 | €554,244 | €517,183 | ▼ 6.7% |
| Amounts payable within one year42/48 | €323,477 | €376,534 | €665,800 | €969,846 | €406,049 | ▼ 58.1% |
| Current portion of amounts payable after more than one year42 | - | - | €35,820 | €36,410 | €37,060 | ▲ 1.8% |
| Trade debts44 | €3,411 | €58,060 | €37,168 | €6,910 | - | - |
| Suppliers440/4 | - | €58,060 | €37,168 | €6,910 | - | - |
| Taxes, remuneration and social security45 | - | €10,468 | €10,008 | - | €604 | - |
| Taxes450/3 | - | €1,618 | €10,008 | - | €104 | - |
| Remuneration and social security454/9 | - | €8,850 | - | - | €500 | - |
| Other amounts payable47/48 | - | €308,006 | €582,804 | €926,526 | €368,385 | ▼ 60.2% |
| Accrued charges and deferred income492/3 | - | €129 | - | - | €283 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,667 | -€60,096 | -€59,981 | -€71,014 | -€23,859 | ▲ 66.4% |
| + Depreciation and write-downs630 | €1,590 | €9,749 | €10,117 | €10,849 | €66,220 | ▲ 510% |
| Operating cash flow (approximation) | -€34,077 | -€50,347 | -€49,864 | -€60,165 | €42,361 | ▲ 170% |
| Investment in fixed assets (approximation) | - | -€333,104 | -€462,459 | -€594,479 | -€4,828 | ▲ 99.2% |
| Change in cash | - | -€40,069 | €4,015 | -€14,861 | €136,739 | ▲ 1,020% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500,000Eq €745,483 ▲975%
Equity rises from €69,342 to €745,483.
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€71,014
Net result drops to -€71,014, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Jabbeke · 2 establishment units since 2001
Ground area
3,295 m²
Building footprint
640 m²
Volume, LiDAR
2,584 m³
3 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
DAGBLADHANDEL HENDRIK
since 20012.095.398.453
Stay Charmed
since 20232.346.917.572
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31012A0396/00D000 | Flanders | 1,665 m² | 1 · 172 m² | 9.0 m |
| 31012C0443/00K003 | Flanders | 980 m² | 1 · 277 m² | 10.8 m · 2 fl. |
| 31012A0839/00A002 | Flanders | 651 m² | 1 · 192 m² | 9.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteJabbeke2.346.917.572
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Of 3,007 companies in sector 55203 we hold annual accounts for 694. 386 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
Founded09-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
Contact
E-mail
staycharmed378@gmail.comJabbeke
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475239523
Also
9925:BE0475239523
Registered
04-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.