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HF PROJECTS

Active
Private limited companyfounded 199927 yrs activeTruibroek 94, 3945 Ham, BelgiumKBO/BCE: BE 0465.996.908
Summary

HF PROJECTS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €316,004 and a net result of €23,415. Equity is growing by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 43% of 9497 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
HF PROJECTSActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Wallpapering and laying of floor and wall coverings in other materials
NACE 43333
1 site
Size
€822,765total assets 2025
Staff
3 FTE
Equity
€316,004
Profit
€23,415
Turnover not published (abridged schema)
Financial health
91 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts 31 d early0 of 6 deeds read
Why 91- Sector Specialised construction activities (NACE 43)+ Liquidity: current ratio 1.57, cash €197,077+ Founded in 1999+ Size: 3 FTE, total assets €822,765Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Better than 38% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 63=
equity 38.4% of total assets
Liquidity 48-17
short-term debt 61.6% · cash 24.0%
Profitability 72-13
return on assets 2.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,514 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▲ +1.5% vs 01-2025 03-2025: 0.2%▼ -1.5% vs 02-2025 04-2025: 0.2%▲ +4.6% vs 03-2025highest value 05-2025: 0.1%▼ -57.3% vs 04-2025lowest value 06-2025: 0.1%● 0.0% vs 05-2025lowest value 07-2025: 0.1%● 0.0% vs 06-2025lowest value 08-2025: 0.1%● 0.0% vs 07-2025lowest value 09-2025: 0.1%● 0.0% vs 08-2025lowest value 10-2025: 0.1%● 0.0% vs 09-2025lowest value 11-2025: 0.1%● 0.0% vs 10-2025lowest value 12-2025: 0.1%● 0.0% vs 11-2025lowest value 01-2026: 0.1%● 0.0% vs 12-2025lowest value 02-2026: 0.1%▲ +1.1% vs 01-2026 03-2026: 0.1%▼ -1.1% vs 02-2026lowest value 04-2026: 0.1%▲ +4.5% vs 03-2026 05-2026: 0.1%▲ +3.3% vs 04-2026 06-2026: 0.1%▼ -5.3% vs 05-2026 07-2026: 0.1%▲ +24.4% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.57, cash €197,077 lowers the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Founded in 1999 lowers the probability for this profile
  • Size: 3 FTE, total assets €822,765 lowers the probability for this profile
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.53 in 2024; short-term debt: 61.6% and cash: 24% of total assets), but 61.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 41%, liquidity 39%, profitability 43%, growth against the median 28%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 1.57, cash €197,077
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1999
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: 3 FTE, total assets €822,765
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 d early
2024
115 d early
2023
107 d early
2022
89 d early
2021
97 d early
2020
92 d early
2019
92 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 89 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 25 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Highest result since 2018net €119,000 ▲13.7%

Key points

  • Caution: Result fell in 2025from €119,000 to €23,415 ▼ 80.3% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €23,415 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€822,765
Profit
€23,415
Solvency
38.4%
Total assets▼ 7.4%
Net result
20182025
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 30-06-2026Annual accounts filed
  2. 07-04-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wallpapering and laying of floor and wall coverings…NACE 43333
Founded
20-05-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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