4 PROJECTS
ActiveSummary
4 PROJECTS has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,794 and a net result of -€5,286. Equity has been shrinking by about 6.5% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-01-2006 Normal situation
- Registered office
- 32 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- “Het verwerven, vervreemden, ruilen, beheren, uitbaten, valoriseren, verkavelen, ordenen, huren, verhuren, doen bouwen of…” (deed in Dutch)From the articles, 15 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.153.619.041 9150 Beveren-Kruibeke-Zwijndrecht, since 12-05-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Board and ownership
- Kurt VemimmenManaging director
- SCHELFAUT WimDirector · since 26-01-2024
- VERNIMMEN KurtDirector · since 26-01-2024
- J.E.F.23.74%2024 annual accounts of J.E.F.
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- -€4,292
- ▲ 57.2%
- Loss
- €5,286
- ▼ 52.1%
- Equity
- €128,794
- ▼ 3.9%
- Total assets
- €132,794
- ▼ 3.0%
Score breakdownraises riskNo main activity registeredlowers riskSize: total assets €132,794Liquidity: cash €132,794Equity €128,794 (97.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 20% on profitability and 33% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,935, smaller than the loss of €10,769 in 2024.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€26,783 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €32,975 | €569 | €128,500 | €737 | €644 | ▼ 12.7% |
| Gross operating margin9900 | -€20,933 | -€22,115 | -€18,524 | -€28,472 | €184,288 | -€28,364 | -€10,032 | -€4,292 | ▲ 57.2% |
| Operating profit (loss)9901 | -€21,510 | -€22,695 | -€33,793 | -€34,664 | €183,718 | -€156,864 | -€10,769 | -€4,935 | ▲ 54.2% |
| Financial income75/76B | - | - | - | €4 | €0 | - | - | - | - |
| Recurring financial income75 | €3 | - | - | €4 | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €337 | €651 | €499 | €274 | €350 | ▲ 27.9% |
| Recurring financial charges65 | €2,525 | €2,130 | €724 | €337 | €651 | €499 | €274 | €350 | ▲ 27.9% |
| Profit (loss) for the period before taxes9903 | -€24,032 | -€24,825 | -€34,517 | -€34,997 | €183,067 | -€157,363 | -€11,043 | -€5,286 | ▲ 52.1% |
| Profit (loss) for the period9904 | -€24,032 | -€24,825 | -€34,517 | -€34,997 | €183,067 | -€157,363 | -€11,043 | -€5,286 | ▲ 52.1% |
| Profit (loss) for the period to be appropriated9905 | -€24,032 | -€24,825 | -€34,517 | -€34,997 | €183,067 | -€157,363 | -€11,043 | -€5,286 | ▲ 52.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.7m | €0.7m | €0.7m | €0.6m | €0.3m | €0.1m | €0.1m | €0.1m | ▼ 3.0% |
| Current assets29/58 | €0.7m | €0.7m | €0.7m | €0.6m | €0.3m | €0.1m | €0.1m | €0.1m | ▼ 3.0% |
| Stocks and contracts in progress3 | €0.6m | €0.6m | €0.6m | €0.6m | €0.2m | €0 | - | - | - |
| Stocks30/36 | - | - | - | €0.6m | €0.2m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0.07m | €0.07m | €0.06m | €0.04m | €0.05m | €0 | - | - | - |
| Trade receivables40 | - | - | - | €0.04m | €0.05m | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €72 | €72 | €0 | - | - | - |
| Cash at bank and in hand54/58 | - | €0.003m | €0.002m | €408 | €0.06m | €0.1m | €0.1m | €0.1m | ▼ 3.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.7m | €0.7m | €0.7m | €0.6m | €0.3m | €0.1m | €0.1m | €0.1m | ▼ 3.0% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.1m | €0.3m | €0.1m | €0.1m | €0.1m | ▼ 3.9% |
| Contributions10/11 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Capital10 | - | - | - | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Issued capital100 | - | - | - | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Profit (loss) carried forward14 | -€1.5m | -€1.6m | -€1.6m | -€1.6m | -€1.5m | -€1.6m | -€1.6m | -€1.6m | ▼ 0.3% |
| Amounts payable17/49 | €0.4m | €0.5m | €0.5m | €0.5m | €0.02m | €0.002m | €0.003m | €0.004m | ▲ 42.9% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.5m | €0.5m | €0.02m | €0 | - | - | - |
| Trade debts44 | €0.02m | €0.02m | €0.02m | €0.009m | €0.009m | €0 | - | - | - |
| Suppliers440/4 | - | - | - | €0.009m | €0.009m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.01m | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.001m | €0.002m | €0.003m | €0.004m | ▲ 42.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,032 | -€24,825 | -€34,517 | -€34,997 | €183,067 | -€157,363 | -€11,043 | -€5,286 | ▲ 52.1% |
| Operating cash flow (approximation) | -€24,032 | -€24,825 | -€34,517 | -€34,997 | €183,067 | -€157,363 | -€11,043 | -€5,286 | ▲ 52.1% |
| Change in cash | - | - | -€1,174 | -€1,793 | €56,311 | €90,004 | -€9,843 | -€4,086 | ▲ 58.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as 4 PROJECTS has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 4 PROJECTS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for 4 PROJECTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 15-07-2026 | 2026-00295560 | |
| 31-12-2024 | abbreviated format | 10-07-2025 | 2025-00260411 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00263544 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00232911 | |
| 31-12-2021 | abbreviated format | 08-07-2022 | 2022-20161847 | |
| 31-12-2020 | abbreviated format | 16-07-2021 | 2021-35900003 | |
| 31-12-2019 | abbreviated format | 17-07-2020 | 2020-30800085 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-23000197 | |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-23800017 | |
| 31-12-2016 | abbreviated format | 11-07-2017 | 2017-29200319 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts J.E.F. 2024Equity -€296,688 Profit of €3,530 in 2025 (loss of €385,094 in 2024)23.74%
Capital transactions
- 06-03-2024 Capital stated in the deed · €1,762,500 · 2,350 shares
Mandate history
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| SCHELFAUT Wim |
|
| VERNIMMEN Kurt |
|
| Filip Janssens |
|
| Kurt Vemimmen |
|
| JANSSENS Marcel |
|
Network & group
Companies at the same address
31 other companies- TM Hye - Verhelst - CSM Registered office · since 2026 1037648590
- TM Hye-Verhelst Registered office · since 2026 1036269212
- TM Hye-Equans - Binnendijle Mechelen. Bouw fiets- en voetgangersrug Keerdok Registered office · since 2026 1034458379
- DE VLAAMSE WATERWEG Establishment · since 2025 0216173309
- TM Hye - O.I.L. - De Meyer - Victor Buyck Steel Construction Registered office · since 2025 1020339535
- TM Scheldebrug Hye - Cordeel - Aertssen Registered office · since 2024 1018568195
- TM Hye - Victor Buyck - Hoogmartens Registered office · since 2024 1008084178
- TM HYE - Herbosch-Kiere Registered office · since 2024 1007329558
- Jupstel Invest Registered office · since 2023 1003562889
- TM Hye - Vandezande Registered office · since 2023 0801069253
Connections & network
3 current directorsThe network starts from the directors of 4 PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-08
Gazette deed
2 directors appointedAppointments: Filip Janssens (director) and Kurt Vemimmen (managing director) · Permanent representative: Nathalie Goossens4 points ▸
- Director appointment, Filip Janssens (director)
- Director appointment, Kurt Vemimmen (managing director)
- Permanent representative, Nathalie Goossens
- Director in office, Goossens Nathalie CommV (director)
06-03
Gazette deed
3 directors resigning, 3 reappointedResignations: VERNIMMEN Kurt, JANSSENS Marcel and SCHELFAUT Wim · Reappointments: VERNIMMEN Kurt, JANSSENS Marcel and SCHELFAUT Wim · Registered office clause12 points ▸
- Director resignation, VERNIMMEN Kurt (director)
- Director resignation, JANSSENS Marcel (director)
- Director resignation, SCHELFAUT Wim (director)
- Director reappointment, VERNIMMEN Kurt (director (not named in the articles))
- Director reappointment, JANSSENS Marcel (director (not named in the articles))
- Director reappointment, SCHELFAUT Wim (director (not named in the articles))
- Registered office clause, “2070 Zwijndrecht,Kruibeeksesteenweg 162” (deed in Dutch)
- Power of attorney
- Power of attorney, Femke Meulewaeter
- General meeting, “gehouden, beraadslaging en besluit over agendapunten” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €1,762,500
30-09
Gazette deed
Registered office moved from Kruibeke to ZwijndrechtNew seat: Kruibeeksesteenweg 162 te 2070 Zwijndrecht · Previous seat: Pater Damiaanstraat 8 te 9150 Kruibeke2 points ▸
- Board meeting, 31-08-2022
- Registered-office move, Kruibeeksesteenweg 162 te 2070 Zwijndrecht
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Pater Damiaanstraat 8, 9150 Kruibeke until 01-09-2022 · act of 30-09-2022
Activities
15 activities
- Het verwerven, vervreemden, ruilen, beheren, uitbaten, valoriseren, verkavelen, ordenen, huren, verhuren, doen bouwen of doen verbouwen van onroerende goederen, evenals alle welkdanige onroerende transacties en verrichtingen in de breedste zin
- Beheer van eigen financieel vermogen
- De expertise, agentuur en leasing inzake onroerende goederen
- Het optreden als ontwikkelaar en/of promotor of het adviseren van derde partijen inzake promotieprojecten, bij het bouwen van woningen of andere goederen, als verkavelaar van gronden, als orgaan van gemeenschappelijke bestelling en aankoop
- De vennootschap mag zelf of door tussenkomst van derden, alle mogelijke handels-, nijverheids-, financiële, roerende of onroerende handelingen en verrichtingen doen, welke rechtstreeks of onrechtstreeks in verband staan met het voorwerp, of welke dit voorwerp op welke wijze ook kunnen bevorderen
- Zij zal zich mogen interesseren door middel van inbreng, opslorping, fusie of deelneming op elke andere wijze in ondernemingen, vennootschappen of instellingen, die een gelijkaardig, analoog of aanverwant voorwerp nastreven of wiens voorwerp van aard is dat van de vennootschap te bevorderen
- Het ontwikkelen van en investeren in onroerende goederen, alsook de handel in onroerende goederen
- Het verlenen van advies in verband met onroerende goederen, zoals technisch, architectonisch, financieel en beheer advies
- Het verlenen van project management
- Het beheren van vermogens voor eigen rekening, ondermeer door het verwerven en valoriseren van patrimoniumbestanddelen, zo roerende als onroerende, materiële en immateriële; het nemen van participaties in ondernemingen en bezittingen, dit alles in de breedste zin, zodat alles kan gedaan worden dat het veilig beheer, de opbrengst en de groei van een patrimonium ten goede kan komen
- Het aanvaarden en uitoefenen van bestuursmandaten
- Alle beheersverrichtingen en alle verrichtingen in verband met onroerende goederen, zoals ondermeer de aankoop en verkoop, huur en verhuring, de verwerving, uitbating, ontwikkeling en valorisatie van gebouwen en gronden, zowel voor eigen rekening als voor derden, hetzij rechtstreeks of als tussenpersoon, en dit alles in de meest ruime zin, zodat alles kan gedaan worden dat het bezit, de beveiliging, de opbrengst en de waardevermeerdering van een onroerend patrimonium kan ten goede komen
- In het algemeen zal zij alles mogen doen dat bijdraagt tot vrijwaring van haar rechten en zal zij alle welkdanige verrichtingen ook doen die rechtstreeks of onrechtstreeks haar voorwerp kunnen bevorderen, zowel in België als in het buitenland
- Zij mag eveneens belangen hebben bij wijze van inbreng, inschrijving, of anderszins, in alle ondernemingen, verenigingen of vennootschappen die een gelijkaardig, analoog of aanverwant voorwerp nastreven, of het voorwerp van de vennootschap kunnen bevorderen
- Zij mag leningen doen aan derden of voor hen waarborgen stellen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11011D0016/00T000 | Flanders | 9,549 m² | 1 · 604 m² | 18.4 m · 5 |
| 46013B0878/00E000 | Flanders | 121 m² | 1 · 78 m² | 7.1 m · 2 |