Projects HBP
ActiveSummary
Projects HBP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.31M and a net result of €231k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 401 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▲+2
Solvency58▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.42 in 2024; short-term debt: 67.2% and cash: 4.8% of total assets), and 67.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.8%
Return on assets
3.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
69 d early
2023
42 d early
2022
118 d early
2021
74 d early
2020
54 d early
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.31M▲ 6.5%
2024 · €2.16M
2018: €1.04Mlowest in 8 years
2019: €1.08M▲ +4.0% vs 2018
2020: €1.24M▲ +14.0% vs 2019
2021: €1.42M▲ +15.0% vs 2020
2022: €1.83M▲ +28.7% vs 2021
2023: €1.98M▲ +8.1% vs 2022
2024: €2.16M▲ +9.4% vs 2023
2025: €2.31M▲ +6.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€7.03M▼ 4.0%
2024 · €7.32M
2018: €3.03M
2019: €2.58M▼ -14.8% vs 2018lowest in 8 years
2020: €4.93M▲ +91.1% vs 2019
2021: €6.50M▲ +31.8% vs 2020
2022: €8.37M▲ +28.8% vs 2021
2023: €9.99M▲ +19.3% vs 2022highest in 8 years
2024: €7.32M▼ -26.7% vs 2023
2025: €7.03M▼ -4.0% vs 2024
2018 → 2025
Net result
€231k▲ 24.0%
2024 · €186k
2018: €4klowest in 8 years
2019: €41k▲ +870% vs 2018
2020: €152k▲ +268% vs 2019
2021: €186k▲ +22.1% vs 2020
2022: €408k▲ +119% vs 2021highest in 8 years
2023: €148k▼ -63.8% vs 2022
2024: €186k▲ +26.4% vs 2023
2025: €231k▲ +24.0% vs 2024
2018 → 2025
Working capital
€2.31M▲ 6.5%
2024 · €2.16M
2018: €1.04Mlowest in 8 years
2019: €1.08M▲ +4.0% vs 2018
2020: €1.24M▲ +14.0% vs 2019
2021: €1.42M▲ +15.1% vs 2020
2022: €1.83M▲ +28.5% vs 2021
2023: €1.98M▲ +8.1% vs 2022
2024: €2.16M▲ +9.4% vs 2023
2025: €2.31M▲ +6.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.42M-€1.83M▲ 28.7%€1.98M▲ 8.1%€2.16M▲ 9.4%€2.31M▲ 6.5%
2021: €1.42Mlowest in 5 years
2022: €1.83M▲ +28.7% vs 2021
2023: €1.98M▲ +8.1% vs 2022
2024: €2.16M▲ +9.4% vs 2023
2025: €2.31M▲ +6.5% vs 2024highest in 5 years
Operating result€318k-€653k▲ 105%€410k▼ 37.3%€413k▲ 0.7%€407k▼ 1.4%
2021: €318klowest in 5 years
2022: €653k▲ +105% vs 2021highest in 5 years
2023: €410k▼ -37.3% vs 2022
2024: €413k▲ +0.7% vs 2023
2025: €407k▼ -1.4% vs 2024
Net result€186k-€408k▲ 119%€148k▼ 63.8%€186k▲ 26.4%€231k▲ 24.0%
2021: €186k
2022: €408k▲ +119% vs 2021highest in 5 years
2023: €148k▼ -63.8% vs 2022lowest in 5 years
2024: €186k▲ +26.4% vs 2023
2025: €231k▲ +24.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €7.03M
Equity
€2.31M ▲ 6.5%
Debt
€4.72M ▼ 8.5%
Debt's share of the balance-sheet total falls from 70.4% to 67.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.49▲
2024 · 1.42
Quick ratio
0.09▲
2024 · 0.01
Debt to equity
2.05▼
2024 · 2.38
ROE
10.0%▲
2024 · 8.6%
ROA
3.3%▲
2024 · 2.5%
Debt ≤ 1 year
€4.72M▼
2024 · €5.16M
Income taxes
€108k▲
2024 · €88k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.32M€7.03M▼
Current assets29/58€7.32M€7.03M▼
Stocks and contracts in progress3€7.27M€6.58M▼
Stocks30/36€7.27M€6.58M▼
Amounts receivable within one year40/41-€111k
Trade receivables40-€111k
Cash at bank and in hand54/58€54k€338k▲
Equity and liabilities
Total equity and liabilities10/49€7.32M€7.03M▼
Equity10/15€2.16M€2.31M▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€2.09M€2.23M▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€2.08M€2.22M▲
Amounts payable17/49€5.16M€4.72M▼
Amounts payable within one year42/48€5.16M€4.72M▼
Financial debts43€1.76M€1.57M▼
Credit institutions430/8€1.76M€1.57M▼
Trade debts44€77k-
Suppliers440/4€77k-
Advances received on contracts in progress46€16k-
Taxes, remuneration and social security45€35k€48k▲
Taxes450/3€35k€48k▲
Other amounts payable47/48€3.27M€3.11M▼
Income statement
Code20242025
Other operating charges640/8€8k-
Gross operating margin9900€421k€407k▼
Operating profit (loss)9901€413k€407k▼
Financial income75/76B€5k€75▼
Recurring financial income75€5k€75▼
Financial charges65/66B€144k€68k▼
Recurring financial charges65€144k€68k▼
Profit (loss) for the period before taxes9903€274k€339k▲
Income taxes67/77€88k€108k▲
Profit (loss) for the period9904€186k€231k▲
Profit (loss) for the period to be appropriated9905€186k€231k▲
Appropriation of the result
Profit (loss) to be appropriated9906€186k€231k▲
Transfer from equity791/2-€90k
Transfer to equity691/2€186k€231k▲
To other reserves6921€186k€231k▲
Profit to be distributed694/7-€90k
Return on contributions (dividend)694-€90k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €3k | €5k | €24k | €8k | - | - |
| Gross operating margin9900 | €321k | €659k | €434k | €421k | €407k | ▼ 3.4% |
| Operating profit (loss)9901 | €318k | €653k | €410k | €413k | €407k | ▼ 1.4% |
| Financial income75/76B | - | €600 | €6k | €5k | €75 | ▼ 98.6% |
| Recurring financial income75 | - | €600 | €6k | €5k | €75 | ▼ 98.6% |
| Financial charges65/66B | €46k | €56k | €199k | €144k | €68k | ▼ 53.1% |
| Recurring financial charges65 | €46k | €56k | €199k | €144k | €68k | ▼ 53.1% |
| Profit (loss) for the period before taxes9903 | €273k | €598k | €216k | €274k | €339k | ▲ 23.8% |
| Income taxes67/77 | €87k | €190k | €69k | €88k | €108k | ▲ 23.3% |
| Profit (loss) for the period9904 | €186k | €408k | €148k | €186k | €231k | ▲ 24.0% |
| Profit (loss) for the period to be appropriated9905 | €186k | €408k | €148k | €186k | €231k | ▲ 24.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.50M | €8.37M | €9.99M | €7.32M | €7.03M | ▼ 4.0% |
| Current assets29/58 | €6.50M | €8.37M | €9.99M | €7.32M | €7.03M | ▼ 4.0% |
| Stocks and contracts in progress3 | €6.05M | €8.19M | €9.75M | €7.27M | €6.58M | ▼ 9.5% |
| Stocks30/36 | €6.05M | €8.19M | €9.75M | €7.27M | €6.58M | ▼ 9.5% |
| Amounts receivable within one year40/41 | €116k | €158k | €31k | - | €111k | - |
| Trade receivables40 | €86k | €117k | - | - | €111k | - |
| Other amounts receivable41 | €30k | €41k | €31k | - | - | - |
| Cash at bank and in hand54/58 | €337k | €25k | €210k | €54k | €338k | ▲ 527% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.50M | €8.37M | €9.99M | €7.32M | €7.03M | ▼ 4.0% |
| Equity10/15 | €1.42M | €1.83M | €1.98M | €2.16M | €2.31M | ▲ 6.5% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Capital10 | €75k | €75k | €75k | €75k | €75k | = |
| Issued capital100 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €1.35M | €1.76M | €1.90M | €2.09M | €2.23M | ▲ 6.8% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | €1.34M | €1.75M | €1.90M | €2.08M | €2.22M | ▲ 6.8% |
| Amounts payable17/49 | €5.08M | €6.54M | €8.01M | €5.16M | €4.72M | ▼ 8.5% |
| Amounts payable after more than one year17 | €1k | - | - | - | - | - |
| Other amounts payable178/9 | €1k | - | - | - | - | - |
| Amounts payable within one year42/48 | €5.08M | €6.54M | €8.01M | €5.16M | €4.72M | ▼ 8.5% |
| Financial debts43 | €3.08M | €3.80M | €3.08M | €1.76M | €1.57M | ▼ 10.8% |
| Credit institutions430/8 | €3.08M | €3.80M | €3.08M | €1.76M | €1.57M | ▼ 10.8% |
| Trade debts44 | - | €10k | €77k | €77k | - | - |
| Suppliers440/4 | - | €10k | €77k | €77k | - | - |
| Advances received on contracts in progress46 | - | - | - | €16k | - | - |
| Taxes, remuneration and social security45 | €17k | €58k | €46k | €35k | €48k | ▲ 36.0% |
| Taxes450/3 | €17k | €58k | €46k | €35k | €48k | ▲ 36.0% |
| Other amounts payable47/48 | €1.98M | €2.67M | €4.80M | €3.27M | €3.11M | ▼ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €186k | €408k | €148k | €186k | €231k | ▲ 24.0% |
| Operating cash flow (approximation) | €186k | €408k | €148k | €186k | €231k | ▲ 24.0% |
| Change in cash | - | €-311k | €185k | €-156k | €284k | ▲ 282% |
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
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.16M ▲9.4%
7 profitable years in a row build equity to €2.16M.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €408k ▲119%
Operating result €653k, net result €408k, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Deinze · 1 establishment unit since 2011
Ground area
1,676 m²
Building footprint
265 m²
Volume, LiDAR
1,633 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Neerrechemstraat(HUS) 22, 9770 Kruisem
since 20112.195.361.309
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45053C1082/00G000 | Flanders | 1,120 m² | 1 · 123 m² | 8.5 m · 2 fl. |
| 44054B0927/00F000 | Flanders | 557 m² | 1 · 142 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 392 companies in sector 42990 we hold annual accounts for 182. 53 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
42990Civil engineering
Contact
Phone
0495204029Kruisem
Scores and ratios are computed by Checked and are not a credit decision.