Summary
4D Projects is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €156,971 and a net result of €8,883. Equity is growing by about 3.7% per year across the filed financial years. Its solvency ranks better than 35% of 6,577 sector peers (NACE 64, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
Equity
€156,971▲ 6.0%
2024 · €148,088
Net result
€8,883▲ 181%
2024 · €3,163
Total assets
€465,207▲ 4.2%
2024 · €446,347
Solvency
33.7%▲ 0.6pp
2024 · 33.2%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 90% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€18,009
2025
Net result€8,883
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€465,207
2025
Equity€156,971
2025
Debt€308,236
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€33,115
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency33.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.46
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€4,522-€9,516▲ 110%€13,065▲ 37.3%€16,711▲ 27.9%€10,829▼ 35.2%€9,495▼ 12.3%€18,009▲ 89.7%
Net result-€271-€890below the sector's middle half€5,272below the sector's middle half▲ 492%€6,672within the sector's middle half▲ 26.6%€2,061below the sector's middle half▼ 69.1%€3,163below the sector's middle half▲ 53.5%€8,883within the sector's middle half▲ 181%
Equity€110,030-€130,920below the sector's middle half▲ 19.0%€136,192below the sector's middle half▲ 4.0%€142,864below the sector's middle half▲ 4.9%€144,925below the sector's middle half▲ 1.4%€148,088below the sector's middle half▲ 2.2%€156,971below the sector's middle half▲ 6.0%
Total assets€521,782-€534,525within the sector's middle half▲ 2.4%€481,556below the sector's middle half▼ 9.9%€484,372below the sector's middle half▲ 0.6%€463,350below the sector's middle half▼ 4.3%€446,347below the sector's middle half▼ 3.7%€465,207below the sector's middle half▲ 4.2%
Debt€411,752-€403,605▼ 2.0%€345,364▼ 14.4%€341,508▼ 1.1%€318,425▼ 6.8%€298,259▼ 6.3%€308,236▲ 3.3%
Working capital€3,170-€21,210within the sector's middle half▲ 569%€21,612within the sector's middle half▲ 1.9%€26,522within the sector's middle half▲ 22.7%€22,954within the sector's middle half▼ 13.5%€17,833within the sector's middle half▼ 22.3%€33,115within the sector's middle half▲ 85.7%
Solvency21.1%-24.5%within the sector's middle half▲ 3.4pp28.3%within the sector's middle half▲ 3.8pp29.5%within the sector's middle half▲ 1.2pp31.3%within the sector's middle half▲ 1.8pp33.2%within the sector's middle half▲ 1.9pp33.7%within the sector's middle half▲ 0.6pp
Current ratio1.07-1.35within the sector's middle half▲ 0.281.87within the sector's middle half▲ 0.521.61within the sector's middle half▼ 0.261.52within the sector's middle half▼ 0.081.38within the sector's middle half▼ 0.151.46within the sector's middle half▲ 0.09
Return on assets (ROA)-0.1%-0.2%below the sector's middle half▲ 0.2pp1.1%within the sector's middle half▲ 0.9pp1.4%within the sector's middle half▲ 0.3pp0.4%below the sector's middle half▼ 0.9pp0.7%within the sector's middle half▲ 0.3pp1.9%within the sector's middle half▲ 1.2pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465,207
Fixed assets
€360,574 ▼ 5.4%
Current assets
€104,633 ▲ 60.6%
Equity and liabilities €465,207
Equity
€156,971 ▲ 6.0%
Debt
€308,236 ▲ 3.3%
Debt's share of the balance-sheet total falls from 66.8% to 66.3%. Equity and debt are higher.
Key figures and ratios
ROE
5.7%▲
2024 · 2.1%
Debt ≤ 1 year
€71,518▲
2024 · €47,336
Debt > 1 year
€226,718▼
2024 · €250,923
Income taxes
€3,521▲
2024 · €300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,220 | €22,238 | €22,156 | €21,367 | €20,687 | €21,027 | €20,604 | ▼ 2.0% |
| Other operating charges640/8 | - | - | - | €1,400 | €595 | €1,229 | €1,676 | ▲ 36.4% |
| Gross operating margin9900 | €63,752 | €32,413 | €35,918 | €39,478 | €32,111 | €31,751 | €40,289 | ▲ 26.9% |
| Operating profit (loss)9901 | €4,522 | €9,516 | €13,065 | €16,711 | €10,829 | €9,495 | €18,009 | ▲ 89.7% |
| Financial income75/76B | - | - | - | €11 | €12 | €6 | - | - |
| Recurring financial income75 | €46 | €5 | €9 | €11 | €12 | €6 | - | - |
| Financial charges65/66B | - | - | - | €7,090 | €6,609 | €6,038 | €5,605 | ▼ 7.2% |
| Recurring financial charges65 | €4,968 | €8,231 | €7,603 | €7,090 | €6,609 | €6,038 | €5,605 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | -€400 | €1,290 | €5,471 | €9,632 | €4,232 | €3,463 | €12,404 | ▲ 258% |
| Income taxes67/77 | -€129 | €400 | €199 | €2,960 | €2,171 | €300 | €3,521 | ▲ 1,074% |
| Profit (loss) for the period9904 | -€271 | €890 | €5,272 | €6,672 | €2,061 | €3,163 | €8,883 | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | -€271 | €890 | €5,272 | €6,672 | €2,061 | €3,163 | €8,883 | ▲ 181% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €521,782 | €534,525 | €481,556 | €484,372 | €463,350 | €446,347 | €465,207 | ▲ 4.2% |
| Fixed assets21/28 | €471,469 | €452,526 | €435,141 | €414,176 | €396,596 | €381,178 | €360,574 | ▼ 5.4% |
| Tangible fixed assets22/27 | €471,214 | €452,271 | €434,886 | €413,921 | €396,341 | €380,923 | €360,319 | ▼ 5.4% |
| Land and buildings22 | - | - | - | €410,213 | €392,418 | €374,624 | €356,830 | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | - | €3,708 | €3,923 | €4,636 | €2,170 | ▼ 53.2% |
| Furniture and vehicles24 | - | - | - | - | - | €1,663 | €1,319 | ▼ 20.7% |
| Financial fixed assets28 | €255 | €255 | €255 | €255 | €255 | €255 | €255 | = |
| Current assets29/58 | €50,313 | €81,999 | €46,415 | €70,196 | €66,754 | €65,169 | €104,633 | ▲ 60.6% |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €37,551 | €33,903 | €17,737 | €18,334 | €7,623 | €53,422 | €79,598 | ▲ 49.0% |
| Trade receivables40 | - | - | - | €18,334 | €7,623 | €18,422 | €19,598 | ▲ 6.4% |
| Other amounts receivable41 | - | - | - | - | - | €35,000 | €60,000 | ▲ 71.4% |
| Cash at bank and in hand54/58 | €12,762 | €47,408 | €28,678 | €51,862 | €59,131 | €11,747 | €25,035 | ▲ 113% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €521,782 | €534,525 | €481,556 | €484,372 | €463,350 | €446,347 | €465,207 | ▲ 4.2% |
| Equity10/15 | €110,030 | €130,920 | €136,192 | €142,864 | €144,925 | €148,088 | €156,971 | ▲ 6.0% |
| Contributions10/11 | €30,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €37,250 | €39,250 | €39,250 | €39,250 | €39,250 | €39,250 | €39,250 | = |
| Non-distributable reserves130/1 | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Tax-exempt reserves132 | - | - | - | €34,250 | €34,250 | €34,250 | €34,250 | = |
| Profit (loss) carried forward14 | €42,780 | €41,670 | €46,942 | €53,614 | €55,675 | €58,838 | €67,721 | ▲ 15.1% |
| Amounts payable17/49 | €411,752 | €403,605 | €345,364 | €341,508 | €318,425 | €298,259 | €308,236 | ▲ 3.3% |
| Amounts payable after more than one year17 | €364,609 | €342,816 | €320,561 | €297,834 | €274,625 | €250,923 | €226,718 | ▼ 9.6% |
| Financial debts170/4 | - | - | - | €297,834 | €274,625 | €250,923 | €226,718 | ▼ 9.6% |
| Amounts payable within one year42/48 | €47,143 | €60,789 | €24,803 | €43,674 | €43,800 | €47,336 | €71,518 | ▲ 51.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,727 | €23,210 | €23,702 | €24,205 | ▲ 2.1% |
| Trade debts44 | €25,803 | €38,938 | €2,355 | €17,249 | €16,771 | €20,521 | €39,857 | ▲ 94.2% |
| Suppliers440/4 | - | - | - | €17,249 | €16,771 | €20,521 | €39,857 | ▲ 94.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,698 | €3,819 | €3,113 | €7,456 | ▲ 140% |
| Taxes450/3 | - | - | - | €3,698 | €3,819 | €3,113 | €7,456 | ▲ 140% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €10,000 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€271 | €890 | €5,272 | €6,672 | €2,061 | €3,163 | €8,883 | ▲ 181% |
| + Depreciation and write-downs630 | €58,220 | €22,238 | €22,156 | €21,367 | €20,687 | €21,027 | €20,604 | ▼ 2.0% |
| Operating cash flow (approximation) | €57,949 | €23,128 | €27,428 | €28,039 | €22,748 | €24,190 | €29,487 | ▲ 21.9% |
| Investment in fixed assets (approximation) | - | -€3,295 | -€4,771 | -€402 | -€3,107 | -€5,609 | €0 | - |
| Change in cash | - | €34,646 | -€18,730 | €23,184 | €7,269 | -€47,384 | €13,288 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | abbreviated format | 25-10-2025 | 2025-00549366 |
| 31-03-2024 | abbreviated format | 26-10-2024 | 2024-00515261 |
| 31-03-2023 | abbreviated format | 03-10-2023 | 2023-00467753 |
| 31-03-2022 | abbreviated format | 25-10-2022 | 2022-20471657 |
| 31-03-2021 | abbreviated format | 25-11-2021 | 2021-78300475 |
| 31-03-2020 | abbreviated format | 24-10-2020 | 2020-63500135 |
| 31-03-2019 | abbreviated format | 24-10-2019 | 2019-72200090 |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-71500476 |
| 31-03-2017 | abbreviated format | 31-10-2017 | 2017-68300158 |
| 31-03-2016 | abbreviated format | 31-10-2016 | 2016-66600530 |
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Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,971. 13,459 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €1,087 awarded · €1,087 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.