Summary
HLS PROJECT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €614k and a net result of €44k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 2394 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-04-2026, 114 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
114 d early
2024
114 d early
2023
155 d early
2022
125 d early
2021
159 d early
2020
82 d early
2019
87 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€614k▲ 7.6%
2024 · €570k
2018: €344k
2019: €396k
2020: €440k
2021: €430k
2022: €504k
2023: €528k
2024: €570k
2018 → 2025
Net result
€44k▲ 2.8%
2024 · €42k
2018: €25k
2019: €38k
2020: €44k
2021: €-10k
2022: €74k
2023: €24k
2024: €42k
2018 → 2025
Total assets
€934k▲ 0.1%
2024 · €934k
2018: €1.02M
2019: €976k
2020: €970k
2021: €960k
2022: €1.01M
2023: €941k
2024: €934k
2018 → 2025
Solvency
65.7%▲ 4.6pp
2024 · 61.1%
2018: 33.6%
2019: 40.6%
2020: 45.4%
2021: 44.8%
2022: 49.9%
2023: 56.1%
2024: 61.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€430k-€504k▲ 17.3%€528k▲ 4.7%€570k▲ 8.0%€614k▲ 7.6%
Operating result€-1k-€-3k▼ 122%€-2k▲ 40.6%€-1k▲ 16.9%€-1k▲ 13.9%
Net result€-10k-€74k€24k▼ 67.8%€42k▲ 77.1%€44k▲ 2.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €1k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €934k
Fixed assets
€918k =
Current assets
€16k ▲ 3.9%
Equity and liabilities €934k
Equity
€614k ▲ 7.6%
Debt
€321k ▼ 11.8%
Debt's share of the balance-sheet total falls from 38.9% to 34.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.1%▼
2024 · 7.4%
ROA
4.7%▲
2024 · 4.5%
Debt > 1 year
€321k▼
2024 · €358k
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 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€934k€934k▲
Fixed assets21/28€918k€918k=
Financial fixed assets28€918k€918k=
Current assets29/58€16k€16k▲
Cash at bank and in hand54/58€590€6k▲
Deferred charges and accrued income490/1€15k€10k▼
Equity and liabilities
Total equity and liabilities10/49€934k€934k▲
Equity10/15€570k€614k▲
Contributions10/11€21k€21k=
Reserves13€549k€593k▲
Distributable reserves133€549k€593k▲
Amounts payable17/49€364k€321k▼
Amounts payable after more than one year17€358k€321k▼
Other amounts payable178/9€358k€321k▼
Accrued charges and deferred income492/3€6k€0▼
Income statement
Code20242025
Other operating charges640/8€209€0▼
Gross operating margin9900€-1k€-1k▼
Operating profit (loss)9901€-1k€-1k▲
Financial income75/76B€50k€50k=
Recurring financial income75€50k€50k=
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€42k€44k▲
Profit (loss) for the period9904€42k€44k▲
Profit (loss) for the period to be appropriated9905€42k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€44k▲
Transfer to equity691/2€42k€44k▲
To other reserves6921€42k€44k▲
The notes to these accounts (7 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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €74k
Net result €74k after one loss-making year.
31-12
Financial
Equity above €500kEq €504k ▲17.3%
Equity rises from €430k to €504k.
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-10k ▼124%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 6current ratio 1.73
Current ratio from 0.30 to 1.73; short-term debt falls from €195k to €30k.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tournai · 1 establishment unit since 2014
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.
Chaussée de Tournai(R-C) 547520 TournaiGround area
2,142 m²
Building footprint
503 m²
Parcel 57069C0253/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HLS PROJECT
since 20142.238.120.194
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57069C0253/00C000 | Wallonia | 2,142 m² | 1 · 502 m² | - |
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.
Similar companies · same sector, comparable size
CIMAX
BE 0876.278.303
Kortrijk · Eq €613,687
MALUMA
BE 0785.512.037
Bilzen-Hoeselt · Eq €613,594
MassWorks
BE 0502.994.587
Elsene · Eq €613,575
DB BOULANGER
BE 0758.721.429
Theux · Eq €613,815
HYSIST
BE 0863.117.777
Oostende · Eq €613,535
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,473 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.