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 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HD-Projecten from Ravels, company number BE0778644635, closed financial year 2025 with a result of € 76,230 after tax. For that financial year HD-Projecten recorded a gross margin of € 142,963 and equity of € 81,230. Compared with financial year 2024, the result moved from € 104,847 to € 76,230. The company is profitable. The buffer shrank hard: equity is 55 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 81,230
▼ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,230
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 93,053
▼ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 175,209 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 13,507
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 67,471
▲ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 175,855
▲ € 164,817 vs 2024
Loans from banks and other lenders, long and short.
€ 2,164
▼ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,993
▼ 43% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 36,078 | € 71,686 | € 150,869 | € 142,963 | ▼ 5% |
| Profit after taxes | € 23,148 | € 48,047 | € 104,847 | € 76,230 | ▼ 27% |
| Equity | € 28,148 | € 75,362 | € 180,209 | € 81,230 | ▼ 55% |
| Total debts | € 99,433 | € 101,472 | € 103,209 | € 514,252 | ▲ € 411,043 |
| Cash | € 43,350 | € 45,321 | € 167,081 | € 93,053 | ▼ 44% |
| Retained profit | € 23,148 | € 70,362 | € 175,209 | € 76,230 | ▼ 56% |
| Dividend | € 0 | € 833 | € 0 | € 175,209 | |
| Bank debt | € 31,008 | € 21,088 | € 11,037 | € 175,855 | ▲ € 164,817 |
| Balance sheet total | € 127,581 | € 176,834 | € 283,418 | € 595,482 | ▲ 110% |
Key figures of HD-Projecten, 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 HD-Projecten?
What happened at HD-Projecten in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 76,230 (▼ 27% vs 2024). Source: NBB ↗
- New establishment in Ravels. KBO
- Start of the company according to the CBE. KBO
- Davy Haagen became a director. NBB
In short
From € 23,148 profit in 2022 to € 76,230 profit in 2025.
Paid € 63,953 in corporate taxes since 2022.
Best year ever: 2024, with € 104,847 profit.
Paid out € 176,042 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Davy Haagen
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Eikenlaan 18
2382 Ravels
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.644.635
- VAT number
- BE 0778.644.635
- Registered office
- Eikenlaan 18, 2382 Ravels
- Names & denominations
- HD-Projecten
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2021
- Peppol
- Active · Active since 18 Mar 2025
- Activities · NACE
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