ACTIVE

HF PROJECTS

Financial year 2025 · closed on 31/12/2025
Net result
23,4 k €
-80.3% YoY
Gross margin
267,5 k €
-31.5% YoY
Equity
316 k €
-5.4% YoY
Workforce
3,0 ETP
0.0% YoY

What does HF PROJECTS do?

HF PROJECTS is a Private limited company incorporated in 1999. Its main activity is: Floor and wall covering. Its registered office is in Ham. It employs on average 3,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0465.996.908
Incorporation
20/05/1999
Legal form
Private limited company
Registered office
Truibroek 94 box 7
3945 Ham · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Joint committees (8)
  • 124
  • 1240
  • 12400
  • 145
  • 2000
  • 20000
  • 218
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin267,5 k €390,4 k €337 k €222,4 k €202,1 k €26,2 k €11,8 k €44,3 k €8 k €4,6 k €-3,1 k €-4,9 k €62,3 k €30 k €34,1 k €76,5 k €114,7 k €101,8 k €
EBITDA72,3 k €186,6 k €162,4 k €49,6 k €88 k €24,9 k €10 k €41,5 k €7 k €3 k €-4,1 k €-9,5 k €33,2 k €26,6 k €31 k €17,1 k €49,5 k €30,3 k €
Operating result52,3 k €166,5 k €147,3 k €15,6 k €77,9 k €21,8 k €7,3 k €41,5 k €-420,6 €-4,5 k €-11,3 k €-16,9 k €16,3 k €4,5 k €9,1 k €-5,4 k €29,2 k €16,4 k €
Net result23,4 k €119 k €104,7 k €1 k €55,6 k €21 k €6,2 k €18,4 k €-5,5 k €-9,6 k €-7,1 k €-11,6 k €17,2 k €-12,1 k €2 k €-18,3 k €17,1 k €10,7 k €
Balance sheet
Equity316 k €334,2 k €215,2 k €110,5 k €109,5 k €12,3 k €11,3 k €10 k €-8,3 k €-2,8 k €6,8 k €13,8 k €25,4 k €8,2 k €20,3 k €18,4 k €36,7 k €19,6 k €
Total assets822,8 k €888,3 k €721,5 k €446 k €360,1 k €116,8 k €51,9 k €11 k €82,1 k €90,1 k €107,4 k €123,6 k €147,6 k €160,4 k €179,6 k €187,1 k €214,3 k €136,7 k €
Cash197,1 k €338,5 k €126,9 k €3 k €80,7 k €12 k €11,3 k €11 k €526,7 €17,9 €4 k €11,2 k €25,8 k €9,8 k €9,3 k €19,5 k €55 k €303 €
Debts506,8 k €554,2 k €506,3 k €335,5 k €250,7 k €104,5 k €40,6 k €419,5 €89,7 k €92,2 k €100,6 k €109,8 k €122,2 k €151,1 k €158,5 k €168,8 k €177,6 k €117,2 k €
Other
Workforce3,0 ETP3,0 ETP2,7 ETP0,8 ETP2,0 ETP0,1 ETP2,0 ETP1,8 ETP1,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

QIKV

Director · since 01 juillet 2022 · 0779.330.860

Represented by Kevin Verstrepen

Active
VIERKANT GEYSELS

Director · since 01 juillet 2022 · 0786.739.284

Represented by Glen Geysels

Active
ZP algemene aanneming

Director · since 01 juillet 2022 · 0731.653.974

Represented by Patrick Ziyan

Active

Ended mandates

QIKV

Director · since 01 juillet 2022 · 0779.330.860

Represented by Kevin VERSTREPEN

Ended
VIERKANT GEYSELS

Director · since 01 juillet 2022 · 0786.739.284

Represented by Glen GEYSELS

Ended
ZP algemene aanneming

Director · since 01 juillet 2022 · 0731.653.974

Represented by Patrick ZIYAN

Ended
KEVIN VERSTREPEN

Manager · since 15 décembre 2016

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202607/04/202515/04/202403/05/202325/04/202230/04/2021
General meeting30/06/202604/04/202505/04/202407/04/202301/04/202202/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/06/2026DutchPDF
Abridged model31/12/202404/04/202507/04/2025DutchPDF
Abridged model31/12/202305/04/202415/04/2024DutchPDF
Micro model31/12/202207/04/202303/05/2023DutchPDF
Micro model31/12/202101/04/202225/04/2022DutchPDF
Micro model31/12/202002/04/202130/04/2021DutchPDF
Micro model31/12/201903/04/202030/04/2020DutchPDF
Micro model31/12/201805/04/201926/04/2019DutchPDF
Micro model31/12/201727/04/201822/05/2018DutchPDF
Micro model31/12/201628/04/201723/05/2017DutchPDF
Abridged model31/12/201522/04/201620/05/2016DutchPDF
Abridged model31/12/201424/04/201521/05/2015DutchPDF
Abridged model31/12/201325/04/201427/05/2014DutchPDF
Abridged model31/12/201226/04/201328/05/2013DutchPDF
Abridged model31/12/201106/04/201207/05/2012DutchPDF
Abridged model31/12/201022/04/201110/05/2011DutchPDF
Abridged model31/12/200923/04/201021/05/2010DutchPDF
Abridged model31/12/200825/04/200929/05/2009DutchPDF
Abridged model31/12/200704/04/200830/04/2008DutchPDF
Abridged model31/12/200606/04/200724/05/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

QIKV

Director · since 01 juillet 2022 · 0779.330.860

Represented by Kevin Verstrepen

Active
VIERKANT GEYSELS

Director · since 01 juillet 2022 · 0786.739.284

Represented by Glen Geysels

Active
ZP algemene aanneming

Director · since 01 juillet 2022 · 0731.653.974

Represented by Patrick Ziyan

Active

Ended mandates

QIKV

Director · since 01 juillet 2022 · 0779.330.860

Represented by Kevin VERSTREPEN

Ended
VIERKANT GEYSELS

Director · since 01 juillet 2022 · 0786.739.284

Represented by Glen GEYSELS

Ended
ZP algemene aanneming

Director · since 01 juillet 2022 · 0731.653.974

Represented by Patrick ZIYAN

Ended
KEVIN VERSTREPEN

Manager · since 15 décembre 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other12/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates13/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office28/06/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office04/06/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/02/2017
    BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/01/2017
    ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
    PDF
  • Other11/10/2005
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202523,4 k €
  2. 2024
    Annual accounts 2024119 k €
  3. 2023
    Annual accounts 2023104,7 k €
  4. 2022
    Annual accounts 20221 k €
  5. 2021
    Annual accounts 202155,6 k €
  6. 2018
    Annual accounts 201821 k €
  7. 2017
    Annual accounts 20176,2 k €
  8. 2016
    Annual accounts 201618,4 k €
  9. 2016
    Name changeHF Projects
  10. 2015
    Annual accounts 2015-5,5 k €
  11. 2014
    Annual accounts 2014-9,6 k €
  12. 2013
    Annual accounts 2013-7,1 k €
  13. 2012
    Annual accounts 2012-11,6 k €
  14. 2011
    Annual accounts 201117,2 k €
  15. 2010
    Annual accounts 2010-12,1 k €
  16. 2009
    Annual accounts 20092 k €
  17. 2008
    Annual accounts 2008-18,3 k €
  18. 2007
    Annual accounts 200717,1 k €
  19. 2006
    Annual accounts 200610,7 k €
  20. 2006
    Name changeCHRIS VERNELEN
  21. 20/05/1999
    IncorporationPrivate limited company