What does HUGO PROJECT do?

HUGO PROJECT is filed with the CBE under the catch-all “Overige zakelijke dienstverlening”. Also registered: earthmoving contractor, civil engineering contractor, greengrocer. Private Limited, started on 2 May 2016, 1 establishment.

What is the address of HUGO PROJECT?

The registered office of HUGO PROJECT is located at Doornbilkstraat 45, 9040 Gent.

Is HUGO PROJECT still active?

No. The CBE lists HUGO PROJECT with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is HUGO PROJECT registered on Peppol?

No, HUGO PROJECT is currently not registered on the Peppol network.

What is the enterprise number of HUGO PROJECT?

The enterprise number of HUGO PROJECT is BE0653721008.

When was HUGO PROJECT founded?

HUGO PROJECT was founded on 2 May 2016.

Who are the directors of HUGO PROJECT?

According to the 2023 annual accounts, the directors of HUGO PROJECT are: Mastan Chanchoolu.

Is HUGO PROJECT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 2 May 2016; 3 annual accounts filed, latest fiscal year 2023; 1 directors known from the annual account.

How much profit did HUGO PROJECT make in 2023?

HUGO PROJECT recorded a loss after taxes of € 20,726 in financial year 2023.

What is the revenue of HUGO PROJECT?

As a small company, HUGO PROJECT is not required to publish revenue in its annual accounts. In financial year 2023, its added value was € 1,214.

HUGO PROJECT (Private Limited) - Gent - BE0653721008

Dossier HUGO PROJECT, printed on 2 November 2026 from databakkes.be/en/0653721008/hugo-project. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 64 % of short-term debt in 2023; threshold 65 %.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2023

HUGO PROJECT from Gent, company number BE0653721008, closed financial year 2023 with a result of € -20,726 after tax. For that financial year HUGO PROJECT recorded a gross margin of € 1,214 and equity of € 59,982. Compared with financial year 2022, the result moved from € 74,170 to € -20,726. The company made a loss. The buffer shrank hard: equity is 57 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 24, 2024.

What it is worth Shrank hard

€ 59,982

▼ 57% vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -20,726

▼ still € 74,170 profit in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 45,287

▲ € 43,736 vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 41,382.

People and assets in 2023

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost estimate Staff cost at a one-person company Staff Only people on the payroll count here.€ 186 Likely the director’s social contribution or pension premium.The director’s pay Already netted into the gross margin, not shown separately in the accounts. Typical for one-person companies € 45,000 gross per year minimum for the reduced tax rate≈ € 2,100 net per month after contributions, tax and usually some benefits in kind, roughly Assumption based on the chart of accounts, not a figure from the source.

€ 186

▼ 99% vs 2022

No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.

Vehicles and equipment

€ 9,125

▼ 24% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 50,000

€ 8,363 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 77,756

▲ € 68,520 vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 9,518

▼ 69% vs 2022

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	Change 2022 → 2023
Gross margin	€ 48,571 Gross margin 2021: € 48,571 First fiscal year in the series	€ 136,210 Gross margin 2022: € 136,210 ▲ 180% vs 2021 (€ 48,571) Favourable step	€ 1,214 Gross margin 2023: € 1,214 ▼ 99% vs 2022 (€ 136,210) Unfavourable step	▼ 99%
Profit after taxes	€ 2,981 Profit after taxes 2021: € 2,981 First fiscal year in the series	€ 74,170 Profit after taxes 2022: € 74,170 ▲ € 71,189 vs 2021 (€ 2,981) Favourable step	€ -20,726 Profit after taxes 2023: € -20,726 ▼ € 94,896 vs 2022 (€ 74,170) Unfavourable step	▼ € 94,896
Equity	€ 67,538 Equity 2021: € 67,538 First fiscal year in the series	€ 140,708 Equity 2022: € 140,708 ▲ 108% vs 2021 (€ 67,538) Favourable step	€ 59,982 Equity 2023: € 59,982 ▼ 57% vs 2022 (€ 140,708) Unfavourable step	▼ 57%
Total debts	€ 14,928 Total debts 2021: € 14,928 First fiscal year in the series	€ 53,951 Total debts 2022: € 53,951 ▲ 261% vs 2021 (€ 14,928) Unfavourable step	€ 145,129 Total debts 2023: € 145,129 ▲ 169% vs 2022 (€ 53,951) Unfavourable step	▲ 169%
Cash	€ 2,226 Cash 2021: € 2,226 First fiscal year in the series	€ 1,551 Cash 2022: € 1,551 ▼ 30% vs 2021 (€ 2,226) Unfavourable step	€ 45,287 Cash 2023: € 45,287 ▲ € 43,736 vs 2022 (€ 1,551) Favourable step	▲ € 43,736
Retained profit	€ 48,938 Retained profit 2021: € 48,938 First fiscal year in the series	€ 122,108 Retained profit 2022: € 122,108 ▲ 150% vs 2021 (€ 48,938) Favourable step	€ 41,382 Retained profit 2023: € 41,382 ▼ 66% vs 2022 (€ 122,108) Unfavourable step	▼ 66%
Dividend	€ 0 Dividend 2021: € 0 First fiscal year in the series	€ 1,000 Dividend 2022: € 1,000 Unchanged (€ 0) Unchanged	€ 60,000 Dividend 2023: € 60,000 ▲ € 59,000 vs 2022 (€ 1,000) Unchanged	▲ € 59,000
Bank debt	€ 0 Bank debt 2021: € 0 First fiscal year in the series	€ 0 Bank debt 2022: € 0 Unchanged (€ 0) Unchanged	€ 50,000 Bank debt 2023: € 50,000 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 82,466 Balance sheet total 2021: € 82,466 First fiscal year in the series	€ 194,659 Balance sheet total 2022: € 194,659 ▲ 136% vs 2021 (€ 82,466) Unchanged	€ 205,111 Balance sheet total 2023: € 205,111 ▲ 5% vs 2022 (€ 194,659) Unchanged	▲ 5%

Key figures of HUGO PROJECT, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 April 2025.

What happened to HUGO PROJECT?

What happened at HUGO PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

HUGO PROJECT is active according to the CBE. Legal situation: Opening faillissement.

Apr 24, 2024 New annual accounts for financial year 2023: loss of € 20,726 (▼ € 94,896 vs 2022). Source: NBB ↗
May 2, 2016 New establishment in Gent. KBO
May 2, 2016 Start of the company according to the CBE. KBO

In short

From € 2,981 profit in 2021 to € 20,726 loss in 2023.

Paid € 27,991 in corporate taxes since 2021.

Best year ever: 2022, with € 74,170 profit.

Paid out € 61,000 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Mastan Chanchoolu

HUGO PROJECT

Behind HUGO PROJECT is Mastan Chanchoolu.

Directors

According to the 2023 annual accounts

Mastan Chanchoolu

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Doornbilkstraat 45

9040 Gent

2.253.021.671

Doornbilkstraat 41

9040 Gent

Active since 2 May 2016

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0653.721.008

VAT number

BE 0653.721.008

Registered office

Doornbilkstraat 45, 9040 Gent

Names & denominations

HUGO PROJECT

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Opening faillissement

Start date

2 May 2016

Peppol

Not registered

Activities · NACE

Overige zakelijke dienstverlening, neg

Bouwrijp maken van terreinen

Bouw van civieltechnische werken voor elektriciteit en telecommunicatie

Detailhandel in groenten en fruit

Markt- en straathandel in voedings- en genotmiddelen

View on CBE Public ↗ Annual accounts (NBB) ↗

HUGO PROJECT

Warning lights

Financials

What happened to HUGO PROJECT?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions