Financials
Financial year 2025
HV Project from Ieper, company number BE0695388644, closed financial year 2025 with a result of € 5,895 after tax. For that financial year HV Project recorded a gross margin of € 70,831 and equity of € 225,227. Compared with financial year 2024, the result moved from € 656 to € 5,895. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 225,227
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,895
▲ € 5,239 vs 2024
Profit after tax over the fiscal year.
€ 51,615
▲ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
28 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 16,846
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 490,174
▼ 11% vs 2024
€ 45,589 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 7,166
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 412
▼ 71% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 100,683 | € 150,482 | € 52,839 | € 70,831 | ▲ 34% |
| Profit after taxes | € 47,141 | € 73,504 | € 656 | € 5,895 | ▲ € 5,239 |
| Equity | € 248,504 | € 322,008 | € 220,998 | € 225,227 | ▲ 2% |
| Total debts | € 490,591 | € 461,523 | € 762,196 | € 678,361 | ▼ 11% |
| Cash | € 66,908 | € 78,028 | € 39,714 | € 51,615 | ▲ 30% |
| Land & buildings | € 414,568 | € 428,102 | € 724,019 | € 691,175 | ▼ 5% |
| Retained profit | € 229,904 | € 303,408 | € 202,398 | € 206,627 | ▲ 2% |
| Dividend | € 1,600 | € 0 | € 101,666 | € 1,666 | ▼ 98% |
| Bank debt | € 424,733 | € 376,611 | € 549,029 | € 490,174 | ▼ 11% |
| Balance sheet total | € 739,096 | € 783,531 | € 983,194 | € 903,588 | ▼ 8% |
Key figures of HV Project, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HV Project?
What happened at HV Project in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,895 (▲ € 5,239 vs 2024). filed late Source: NBB ↗
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 47,141 profit in 2022 to € 5,895 profit in 2025.
Paid € 8,163 in corporate taxes since 2022.
Best year ever: 2023, with € 73,504 profit.
Paid out € 104,932 in dividends to the owners in total.
Management
Behind HV Project are Herwin Vanderhaeghen and Sawnd & Lite BV. Herwin Vanderhaeghen is also behind SAWND & LITE.
Directors
According to the 2025 annual accounts
Director · represented by Niels Vanderhaeghen
Establishments
Establishment units
Physical locations of this company
Sportstraat 22
8900 Ieper
Oostkaai 20B box 23
8900 Ieper
Active since 23 April 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0695.388.644
- VAT number
- BE 0695.388.644
- Registered office
- Sportstraat 22, 8900 Ieper
- Names & denominations
- HV Project
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2018
- Peppol
- Active · Active since 25 Feb 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken